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Sam Lippert

2 posts

Business Ethics ?

World AffairsPolitics & Opinions

11 months ago

 

business_ethicsIf a business owner falls behind on their rent due to the lousy economic climate, yet creates a new business model that successfully meets the crisis, should the landlord evict them before they can recoup losses and pay the rent?

Back on the 18th of March, I posted the story of Sam Lippert and the Java Street CaféCafe owner thrives with no-pricing policy. That was in the midst of the first media blitz because of Sam’s creative commitment to taking all the prices off his menu and letting the customer determine their own fair price. Here’s the link to the live CNN interview with Sam from that post.

That seemingly crazy idea worked, very well!  Sam’s sales quickly increased. Before he implemented the no-price policy, he was tracking last year’s sales dead-even. Since implementing it, his sales are 13% higher.

So, on the 31st of March, the landlord called and said an eviction notice would be sent the week of April 6th.

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Cafe owner thrives with no-pricing policy

World AffairsPolitics & Opinions

12 months ago

 

no_price_cafeI hang out at a local café (you may have noticed I use many imaginative dialogues at the beginning of posts and they’re almost always in a café). I also do some of my own work at the café plus volunteering a little marketing and promotion—basically, I like the place.

However, this creeping, crawling economic downturn (aka recession or crunch) hit the owner of Java Street Café  pretty hard. I’ve spent hours talking business with him and watched as a bright and friendly man became progressively morose and extremely exhausted (when a business has hard times, paying employees becomes a problem and the owner has to not only run the business but literally Work  it).

Months went by, things getting worse, while the owner, Sam, in spite of the grueling conditions, continued  to try various ideas to attract customers…

Finally, last week, an idea he’d been experimenting with became a what-the-hell—”I can’t lose more than I already have”—Decision:

Take All The Prices Off The Menu—let people pay whatever they  feel is a Fair Price!

Sam had his back against the wall, he was willing to try just about anything, and he “happened” to choose and made a commitment to act  on what could seem like a very crazy idea…

That was last week…

Since then, he’s been interviewed on CNN

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