April 25, 2024

Bucks Blog: A New Airport App in Time for Holiday Travel

Travelers at Hartsfield-Jackson airport in Atlanta.Associated PressTravelers at Hartsfield-Jackson airport in Atlanta.

The Web site Nerdwallet, which earlier this year introduced a tool to help consumers compare airline fees, has added a new feature to its travel site in time for the holidays, to help save time and money at airports.

TravelNerd Airport Guide aims to help travelers make their way around airports quickly and cheaply, with detailed maps of terminals and gates, as well as tools to help find inexpensive parking and compare the fastest — and cheapest — ways of getting to local destinations. Available as a Web site and as a free iPhone app, the airport guide provides information for about 50 airports, including places to eat and drink — or to get work done — on layovers.

The tool joins such popular airport apps as iFly Pro and GateGuru, which have a head start and cover more airports.

Alicia Jao, vice president of travel media at Nerdwallet, says TravelNerd’s guide aims to distinguish itself by offering maps and tools that are both comprehensive and easy to use. It has created its own terminal maps, to make sure details like “pet relief” areas and nurseries are easy to spot on the map, rather than being presented in a list.

For each airport, the site offers quick find options with headings like coffee, terminal maps and Wi-Fi. For example, if you have a layover at Logan Airport in Boston and you’re hankering for a cup of Dunkin’ Donuts coffee, click on coffee and TravelNerd will tell you there’s a Dunkin’ outlet near Gate C25.

One tool Ms. Jao highlighted lets you compare ground transportation options to popular destinations by both cost and time. That way, you can decide if you want to spend extra to get somewhere fast, or if you prefer a cheaper, but possibly slower, alternative.

The option is available for about 20 high-traffic airports. So if you’re headed to, say, San Francisco International Airport and want to know the best way to get downtown, the tool tells you at a glance that taking BART, the public transportation system, is the cheapest option at $8.25, but the most time consuming, at 45 minutes.

The fastest option, it says, is the Uber on-demand car service, which will shave 15 minutes off your trip but will cost as much as $65.

The mobile app features a taxi-sharing feature, to help you find others interested in sharing a cab to your destination.

One important ground transportation option — rental cars — isn’t featured on the site, but may be in the future, Ms. Jao said.

TravelNerd’s new guide doesn’t include smaller regional airports like the one I use most often, and I’m not planning any air travel this month. So I haven’t had a chance to test it on the go. If you have a chance to try it, let us know what you think.

Article source: http://bucks.blogs.nytimes.com/2012/12/06/a-new-airport-app-in-time-for-holiday-travel/?partner=rss&emc=rss

You’re the Boss Blog: Inside Our Business Plan to Open a Restaurant in Brooklyn

Start-Up Chronicle

Getting a restaurant off the ground.

Hunting and gathering in Brooklyn has been swift and successful. An existing restaurant recently became available — a 45-seater with a small garden in the back, located on a bustling street in a cosmopolitan section of the borough. It is in excellent condition, though not perfect.

If a build-out goes smoothly (ho ho ho), we could open sometime in January. The key fee is $65,000, and the first two months’ rent totals $15,000. Add another two months’ security at $15,000, and we need $95,000 before stepping inside the door. In addition, our management consultant, Black Ink Business Services, insists that we set aside $75,000 for unforeseen calamities, including closing up shop if things go radically kerplooey.

We don’t want to have to raise more money in the second or third year and then have to scramble the ownership percentages. Consider this $75,000 as back-up capital, a nest egg for a rainy day, a snowy week, or a euro tsunami washing ashore on Brooklyn.

Stuff happens.

And if stuff happens to go moderately well, that same $75,000 can become working capital and support all things bright and beautiful. All told, we figure it will take $301,500 to open in early 2012. Here are some of the numbers we are looking at:

Real Estate

 

We are not starting with an empty canvas. Still, we need paint and spackle. The kitchen has to be scrubbed and retrofitted. Out-of-date equipment has to be upgraded or replaced. The permits are all in place, including wine and beer licenses held by the landlord, which will save much time and money.

Leasehold Improvements

 

Other Expenses

 

Even though there are tables and chairs and a bar and a bathroom, we have some work to do, some edges to smooth, refrigerators to install and then fill with food. The sound and security systems need to be tweaked. Computers and point of service communication are needed.

Equipment and Inventory

 

When we open, it will behoove us to let people know. The bulk of the marketing money will be spent on social media and the Web site.

Marketing and Miscellaneous

 

Total Projected Capital Needs (for preopening and three months): 301,500.

And here are our three-year projections for revenue and profit. They include the number of guests, average checks, labor costs, division of food and beverage for both lunch and dinner. Neither the best case nor the worst, this is somewhere in between.

Projected Revenue, Year One: Lunch

 

Projected Revenue, Year One: Dinner

 

Years 2 and 3 we expect to see revenue flatten out. Labor costs will grow, as will taxes, inflation and rent.

Three-Year Projected Overview

Employees: 21
Annual wages: $618,000

 

Total Projected Gross Profit for First Three Years

 

Bruce Buschel owns Southfork Kitchen, a restaurant in Bridgehampton, N.Y.

Article source: http://feeds.nytimes.com/click.phdo?i=1cff03231e6c55aaa08b369db9e4f4ec

Velocity Channel, From Discovery, Aims at Wealthier Men

What was missing, they decided, was a channel for the Rich Man — the successful, college-educated man who earns $150,000 or more a year and who wants to know how to spend his time and money.

That’s how Velocity was hatched. Replacing the low-rated HD Theater on Oct. 4, Velocity is being billed as a high-end men’s lifestyle channel about fast cars, fancy auctions and football stars. On Monday, the channel will announce that its first three months will feature 140 hours of programming premieres, a high number that reflects the channel’s need to be sampled by its chosen demographic.

“The biggest challenge,” said Robert S. Scanlon, the executive in charge of Velocity, “is to get the word out — to explain what we are in 30 seconds or less.” To get attention, the channel has collaborated with NFL Films to create two football-themed series and has conceived several nights’ worth of car programming.

In interviews a few weeks before the channel transition, Discovery executives said they weren’t worried about the state of the broader economy, noting that the luxury sector has held up quite well in recent years. As Mr. Scanlon said: “If you’re selling something in a recession, who’s more likely to buy, a guy with money or a guy without?”

Velocity is the latest example of the splintering of television into ever-narrower demographic and psychographic segments. Of the 118 million men ages 15 and older in the United States, about four million are identified by the government as having incomes above $150,000 each year, according to data collected last year by the Census Bureau.

It is unknown how many of those four million men will have access to Velocity; HD Theater is available in about 40 million of the 100 million homes that have cable.

“It’s not going to have a huge audience,” said David Zaslav, the chief executive of Discovery Communications. But, he asserted, it doesn’t necessarily need to; if Velocity can attract the relatively elusive Rich Man, it can charge a premium to advertisers in much the same way that CNBC does.

Independent market research indicates that well-heeled men gravitate toward business news channels like CNBC, premium cable channels like HBO and sports hubs like ESPN, Golf Channel and the Tennis Channel.

Mr. Scanlon asserted that Velocity’s target demographic samples those channels, but doesn’t stick with any of them. “I think our brand is much more clearly defined,” he said.

Bob Shullman, the president of the market research company Ipsos Mendelsohn, said his most recent survey of media habits found that adults with high incomes consumed more content this year than in years past, consistent with surveys of the broader population that have found increased time being spent with media. He said of Velocity, “Obviously, it will take a large investment, great product and great marketing, but the targets are there.”

Velocity is the latest instance of channel retooling by Discovery, which has already turned Discovery Health into the Oprah Winfrey Network, or OWN for short; Discovery Kids into the Hub; and fitTV into Discovery Fit and Health.

The company started HD Theater in 2002 as a place for high-definition versions of its other channels’ shows; now it is largely obsolete because most of the other channels are available in high definition. Mr. Zaslav said that the channel “reaches a wealthier demographic, because by definition you need to have an HD set and an HD receiver.”

That’s one of the reasons why rich men are being pursued by the rebranded Velocity. Mr. Scanlon is importing several car-themed programs from HD Theater, including “Inside West Coast Customs,” “Chasing Classic Cars” and “Mecum Auto Auction,” and he is adding shows like “Epic Poker League,” “Extreme Fishing” and “Tech Toys.”

Velocity’s advertising deals do not include income guarantees of the audience. “The Velocity target list is a much broader base of clients than just those that are considered upscale,” a spokesman for the channel said in an e-mail message.

In part that’s because the channel knows that many of Velocity’s viewers will be aspirational — the men who, in Mr. Scanlon’s words, “drive a Pontiac, but are going to drive a Porsche.”

“If we hit the target” demographic, he added, “there’s an entire population right below them that we’ll attract.”

According to the Census Bureau data, almost six million men have incomes of $100,000 to $150,000.

Velocity may learn from WealthTV, a independent cable channel that started seven years ago. “We have found that people really like to watch programs about high-end toys and lifestyle,” said Robert Herring, the channel’s chief executive. It’s vicarious living, he said: “Even if you own a yacht, you probably won’t be invited to just take a tour of someone else’s yacht. We give everyone that chance.”

Article source: http://feeds.nytimes.com/click.phdo?i=f0d1c719023534d660081bba6499f23d