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Summary
In this episode, the Kyle is joined by Shawn Walchef & Troy Hooper and, this is one of those episodes that really gets into the nitty-gritty of the restaurant business: from real estate to the process for getting locations, down to the last comma in Letters of Intent, and relationships with landlords. They talk current events- including a restaurateur's who managed the negative reviews like a maniac, the operational challenges that are facing restaurants and the trends in the digital space how hospitality is key and how Ozempic craze is affecting what is offered on the menus. They discussed the dynamics of the NRA show: "What the show is supposed to look like," "How to make an educational show," "Recycle content," and "What it takes to produce a video. The show sums up with insights on marketing strategies for franchises, adoption of the latest technologies, potentials in artificial intelligence, and benefits from automation in sales tax.
Takeaways
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In this episode, the Kyle apologizes and promises to be more transparent and consistent in the future. We also discuss the restaurant industry's projected sales reaching $1 trillion in 2024, new regulations in New York for passing credit card fees to customers, and a debate over who should pay for a birthday dinner. Lastly, we explore the pros and cons of owning vs leasing restaurant real estate.
Takeaways
Exclusive Partners
Connect with Closed Monday
Check out that TikTok on Birthday Party Invitations.
Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
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If you found value in this episode, please subscribe and share it with your friends and network. Your support helps us bring you more actionable insights every week!
Priyam Saraswat, co-founder of Vosh.ai, dives into the journey of starting Vosh.ai and how they help independent restaurants thrive. He explains their pivot to a SaaS product and the importance of technology in the restaurant industry. Priyam also highlights their dispute management and review response services, which help restaurants improve their online reputation and profitability. He concludes by sharing their plans for the future and their focus on working with both mid-market and enterprise chains. In this conversation Kyle & Priyam, discusses the changing perception and adoption of technology in the restaurant industry. They highlight how leaders in the industry are becoming more open to adopting new technologies and how technology can give restaurants a competitive edge. Priyam also shares his approach to social media and content, focusing on adding value and bringing a smile to people's faces. Lastly, he emphasizes the importance of connecting with others in the industry and helping them overcome challenges.
Takeaways
Chapters
00:00 Introduction and New York Trip
03:00 Starting Vosh.ai and Helping Independent Restaurants
09:00 Pivoting to a SaaS Product
13:00 Working with Restaurant Chains
17:00 Dispute Management and Review Response
26:00 The Importance of Technology in the Restaurant Industry
29:00 Future Plans and Expansion
30:19 Changing Perception and Adoption of Technology
33:02 Social Media and Content Strategy
36:27 Connecting with the Industry and Helping Others
Exclusive Partners
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Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
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If you found value in this episode, please subscribe and share it with your friends and network. Your support helps us bring you more actionable insights every week!
Dr. Anne McBride, Vice President of Programs at the James Beard Foundation, discusses the findings of a comprehensive survey conducted by the foundation. The survey gathered responses from chefs across 44 states and highlighted the challenges faced by the restaurant industry, including rising food costs and fluctuating customer numbers. McBride emphasizes the importance of digital presence and content creation for restaurants to connect with customers beyond their physical locations. She also discusses the impact of increased consumer education and the focus on customer experience. McBride highlights the advocacy work of the James Beard Foundation and the resources available to support independent restaurants.
Takeaways
The James Beard Foundation conducted an in-depth study that gathered responses from chefs across 44 states, highlighting the challenges faced by the restaurant industry.
Restaurants can cope with rising food costs by adopting strategies such as selling products like salad dressings and leaning into content creation and social media presence.
Increased consumer education plays a significant role in shaping the future of the industry, as customers become more aware of the factors impacting prices and operations.
Operators should prioritize the customer experience to create a loyal customer base and increase revenue.
The James Beard Foundation provides resources and advocacy for independent restaurants, including webinars, events, and initiatives focused on mental health, financial literacy, and wellness.
Chapters
00:00. Introduction and Overview
01:04. In-depth Study by James Beard Foundation
02:04 Challenges Faced by Restaurants
03:36 Importance of Digital Presence
04:50 Trends in the Restaurant Industry
05:36 Fluctuating Customer Numbers
06:38 Coping with Rising Food Costs
07:20 Increased Consumer Education
08:17 Focus on Customer Experience
09:25 Importance of Self-Care for Operators
12:48 Key Takeaways from the Report
18:21 Adapting to Rising Rents
20:23 Advocacy Work by James Beard Foundation
23:39 Upcoming Events and Initiatives
29:08 Importance of Resources for Independent Restaurants
29:31 Final Thoughts and Closing
Download the JBF Industry Report here.
JBF's Industry Support Page
JBF Industry Support Newsletter
JBF's Virtual Education Library
Upcoming events/initiatives, including:
Additional programs
Exclusive Partners
Connect with Closed Monday
Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
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If you found value in this episode, please subscribe and share it with your friends and network. Your support helps us bring you more actionable insights every week!
Summary
In this episode, Kyle discusses the current state of the restaurant market and provides tactical advice on finding opportunities for restaurants. He emphasizes the importance of considering market dynamics, economic factors, consumer preferences, and emerging markets. He also highlights the shift from malls to lifestyle centers as a trend to watch. Kyle encourages restaurant owners to be adaptable and strategic in their approach to finding new locations.
Takeaways
Chapters
00:00 Introduction
01:00 Finding Opportunities for Restaurants
03:22 Market Dynamics
06:58 Economic Factors
10:14 Consumer Preferences and Emerging Markets
12:20 Shift from Malls to Lifestyle Centers
17:06 Expanding Your Concept
18:10 Taking Advantage of Opportunities
19:10 Conclusion
Exclusive Partners
Connect with Closed Monday
Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
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In this episode of our podcast, we delve into the world of self-care tailored for the busy restaurant entrepreneur. Join us as we explore how prioritizing personal well-being isn't just a luxury, but a necessity for sustained business success.
Me Time: Discover the art of unwinding effectively, whether through solo relaxation, cherished moments with loved ones, immersing in a book, or picking up a new hobby.
Exercise: Learn why incorporating daily physical activity isn't just good for your health, but also a powerful mood booster and a catalyst for entrepreneurial creativity.
Eat Healthy: We'll discuss how the right food choices can skyrocket your energy and sharpen your cognitive abilities, directly impacting decision-making and leadership.
Stay Hydrated: Understand the critical role of water in maintaining optimal body functions and how it can subtly yet significantly influence your professional performance.
Practice Mindfulness: Journey with us into the practices of mindfulness, focusing on the here and now to not only appreciate your achievements but also to keep entrepreneurial anxieties at bay.
Saying No: Master the art of declining gracefully. Learn how avoiding overcommitment is essential in preventing burnout and maintaining peak performance.
Reduce Stress: Identifying and tackling stressors head-on can revolutionize the way you handle business challenges. We'll share effective strategies for stress management.
Take Breaks: Discover how regular breaks aren't just a pause from work, but a strategic tool for enhancing problem-solving abilities and preventing burnout.
Set Working Hours: We discuss the importance of defining specific work hours to create a healthy boundary between your personal and professional life.
Getting Enough Sleep: Lastly, we emphasize the non-negotiable necessity of sufficient sleep for recovery, productivity, and maintaining a sharp entrepreneurial mind.
Exclusive Partners
Connect with Closed Monday
Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
Connect with Connecteam!
Connecteam simplifies everyday work with "desk-less" teams and keeps them connected, so you can focus on growing the business. Click here to learn more.
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Welcome back to Closed Monday! In this post-Thanksgiving episode, join host Kyle Inserra as he unpacks a blend of news, trends, and essential insights tailored for restaurant enthusiasts and professionals alike. Fresh from the holiday, Kyle shares his own Thanksgiving experiences, including a special shout-out to porchetta for stealing the show.
What's in this episode:
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Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
Connect with Connecteam!
Connecteam simplifies everyday work with "desk-less" teams and keeps them connected, so you can focus on growing the business. Click here to learn more.
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This week I sit down with Zack Oates the CEO of We talk about getting results in customer experience and discuss how to cut through the noise. Think your customer feedback game is strong? Wait until you hear Zack's strategies. We're tackling everything head-on: from turning online reviews into your secret weapon to mastering the art of juggling family life with a thriving business. If you're serious about making a mark in the restaurant business, missing this episode isn’t an option - Zack drops some real gems that you can easily implement immediately.
Exclusive Partner
Want to learn more about Marqii? Check them out here, and instantly level up your digital presence.
Connect with Zack & Ovation!
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Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
Connect with Connecteam!
Connecteam simplifies everyday work with "desk-less" teams and keeps them connected, so you can focus on growing the business. Click here to learn more.
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Andy Jones is a Certified Hospitality Leadership Coach focusing on creating people-centric organizations that deliver exceptional, memorable experiences for their guests. Andy improves both individual and organizational performance by focusing on the human side of any business.
Andy hosts The Hospitality Leadership Podcast and has over a decade of leadership experience across hospitality, retail, construction and public service. The variety of experience in multiple sectors gives Andy a unique perspective on leadership and an understanding that people and relationships are the bedrock of success in any business in any industry.
Andy came to hospitality business ownership in 2019, applying everything he knows about leadership to building and developing a high-performance team and culture that boasted an employee turnover of only 10% over three years.
Now, working in partnership with hospitality businesses to do the same, Andy helps executives, leadership teams, and aspirational future leaders develop the skills and strategies to transform their guest and employee experience for a sustainable and strong future for any business.
Exclusive Partner
Want to learn more about Marqii? Check them out here, and instantly level up your digital presence.
Connect with Andy!
Connect with Closed Monday
Special Offers
Take a screenshot of you listening to the show, and tag @closedmondaypodcast, and I'll send you a FREE Closed Monday t-shirt.
Connect with Connecteam!
Connecteam simplifies everyday work with deskless teams and keeps them connected, so you can focus on growing the business. Click here to learn more.
Subscribe & Share
If you found value in this episode, please subscribe and share it with your friends and network. Your support helps us bring you more actionable insights every week!
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