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John Metz States Importance of Developing a Financial Plan and Keeping It Updated

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Total Case Duration :

  • Date Added : 10/2/2006
  • Clip Duration : 0 min. 38 sec.

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John Metz

  • Chairman & CEO, RREMC, Ltd.
  • male
  • Caucasian
  • 1955 (Age: 65 years old)
  • John Metz - Lecture - RREMC, Ltd.
  • Video 1 of 16 in this Case
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Biography

John C. Metz is founder of RREMC, Ltd. The company consists of four groups - a restaurant group, a hotel group, a healthcare group, and a real estate group. The restaurant group consists of 24 Denny's restaurants and 8 Bennigan's restaurants and has over 1000 employees. The hotel group consists of a Marriott Fairfield and a Hilton. The healthcare group includes 11 properties with 1 SNIF (Skilled Nursing Facility)and 10 ALFs (Assisted Living Facilities) and about 350 employees. The real estate group includes 27 restaurant properties and 8 retail properties.

During this lecture to a class at Cornell University, Metz discusses his background in entrepreneurial activities and shares thoughts on specific qualities to develop to be a successful businessperson.

John Metz received his undergraduate degree and MBA from Cornell University.

I used to say do a 5-year financial plan. I have basically switched to doing 3-year financial plans, but I constantly update my financial plan monthly. I mean I am constantly looking at every restaurant, every property I own and I am evaluating what do I think they are worth, what do I think they ...(Full transcript available to logged in subscribers.).

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John Metz videos

Video 1 of 16 John Metz Discusses Hospitality, Hotel, Healthcare and Real Estate Holdings In Company
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 47 sec.
Video 2 of 16 John Metz Discusses Academic Background
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 4 min. 12 sec.
Video 3 of 16 John Metz Discusses Failure of Restaurant
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 25 sec.
Video 4 of 16 John Metz Discusses Taking Job In Consulting
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 2 min. 19 sec.
Video 5 of 16 John Metz Discusses Leaving Consulting and Learning Business Skills From Talented Mentor
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 3 min. 15 sec.
Video 6 of 16 John Metz Discusses Impact of Partner's Bankruptcy
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 31 sec.
Video 7 of 16 John Metz States Importance of Doing What You Are Passionate About
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 7 sec.
Video 8 of 16 John Metz States Importance of Having Passion and Finding a Mentor
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 0 min. 47 sec.
Video 9 of 16 John Metz States Importance of Leveraging Your Time
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 0 min. 38 sec.
Video 10 of 16 John Metz Discusses Importance of Finding Source For Residual Income
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 0 min. 19 sec.
Video 11 of 16 John Metz States Importance of Maintaining Low Overhead
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 0 min. 46 sec.
Video 12 of 16 John Metz States Importance of Developing a Financial Plan and Keeping It Updated
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 0 min. 38 sec.
Video 13 of 16 John Metz States You Have To Believe In Yourself If You are Going To Be An Entrepreneur
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 16 sec.
Video 14 of 16 John Metz States Challenge of Making Large Profits In Restaurant Business
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 21 sec.
Video 15 of 16 John Metz States Importance of Staying Current With The Industry
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 3 sec.
Video 16 of 16 John Metz Discusses How He Raised Capital
  • John Metz - Lecture - RREMC, Ltd.
  • 10/2/2006
  • John Metz
  • 1 min. 17 sec.

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