Restaurant Masterminds Podcast

🫶 Subscribe NOW - Unlock a world of knowledge, innovation, and growth from the largest podcast network in foodservice! - https://www.savor.fm/

In this Episode of the Mastermind Podcast, Paul Barron, Paul Molinari, and Michael Beck look at actionable ways AI could improve your business. They dive into labor, HR, Marketing, Prediction Analysis, and media and influencer impact—this is a do n't-miss episode!

AI #Restaurants #TechTransformation #DataDriven #FutureOfDining

📈 Learn More ~ https://www.savor.fm/restaurant-power-index
Restaurant Power Index featuring the top 50 brands' performance in consumer sentiment based on 12 performance markers in food, service, and overall brand consumer sentiment. The RPI features historical and current sentiment analysis for key brands based on the overall market sentiment data. Subscribe for weekly reports on the top brands in the restaurant industry.

Get Your Podcast Now! Are you a hospitality or restaurant industry leader looking to amplify your voice and establish yourself as a thought leader? Look no further than SavorFM, the premier podcast platform designed exclusively for hospitality visionaries like you. Take the next step in your industry leadership journey – visit https://www.savor.fm/

Capital & Advisory: Are you a fast-casual restaurant startup or a technology innovator in the food service industry? Don't miss out on the opportunity to tap into decades of expertise. Reach out to Savor Capital & Advisory now to explore how their seasoned professionals can propel your business forward. Discover if you're eligible to leverage our unparalleled knowledge in food service branding and technology and take your venture to new heights.

Don't wait – amplify your voice or supercharge your startup's growth today with Savor's ecosystem of industry-leading platforms and advisory services. Visit https://www.savor.fm/capital-advisory

🫶 Subscribe NOW - Unlock a world of knowledge, innovation, and growth from the largest podcast network in foodservice! - https://www.savor.fm/

In this podcast, our three Masterminds discuss how launching a successful restaurant involves more than good food. It requires building a solid internal culture, creating a unique market identity, and embracing advanced marketing tactics. By focusing on these areas, aspiring restaurateurs can increase their chances of developing a thriving business that resonates with today’s consumers. The insights from The Restaurant Masterminds Podcast provide a valuable framework for anyone looking to make their mark in the competitive restaurant industry.

restaurant #fastcasual #restaurantbusiness #startup
📈 Learn More ~ https://www.revernetworks.com/restaurant-power-index
Restaurant Power Index featuring the top 50 brands' performance in consumer sentiment based on 12 performance markers in food, service, and overall brand consumer sentiment. The RPI features historical and current sentiment analysis for key brands based on the overall market sentiment data. Subscribe for weekly reports on the top brands in the restaurant industry.


Get Your Podcast Now! Are you a hospitality or restaurant industry leader looking to amplify your voice and establish yourself as a thought leader? Look no further than SavorFM, the premier podcast platform designed exclusively for hospitality visionaries like you. Take the next step in your industry leadership journey – visit https://www.savor.fm/

Capital & Advisory: Are you a fast-casual restaurant startup or a technology innovator in the food service industry? Don't miss out on the opportunity to tap into decades of expertise. Reach out to Savor Capital & Advisory now to explore how their seasoned professionals can propel your business forward. Discover if you're eligible to leverage our unparalleled knowledge in food service branding and technology and take your venture to new heights.

Don't wait – amplify your voice or supercharge your startup's growth today with Savor's ecosystem of industry-leading platforms and advisory services. Visit https://www.savor.fm/capital-advisory

🫶 Subscribe NOW - Unlock a world of knowledge, innovation, and growth from the largest podcast network in foodservice! - https://www.savor.fm/

In the latest episode of the Restaurant Masterminds Podcast, experts Rudy Miick, Paul Molinary, Stacey Kane, and Paul Barron dive into the practical application of solutions for brands facing a major PR crisis. The discussion revolves around the recent legal challenges faced by Fat Brands, a growing restaurant brand group now tasked with maintaining its reputation for quality amid formidable challenges.

#reputation #restaurant #restaurantbusiness #fastcasual #fatbrands

📈 Learn More ~ https://www.revernetworks.com/restaur... Restaurant Power Index featuring the top 50 brands' performance in consumer sentiment based on 12 performance markers in food, service, and overall brand consumer sentiment. The RPI features historical and current sentiment analysis for key brands based on the overall market sentiment data. Subscribe for weekly reports on the top brands in the restaurant industry.

Get Your Podcast Now! Are you a hospitality or restaurant industry leader looking to amplify your voice and establish yourself as a thought leader? Look no further than SavorFM, the premier podcast platform designed exclusively for hospitality visionaries like you. Take the next step in your industry leadership journey – visit https://www.savor.fm/

Capital & Advisory: Are you a fast-casual restaurant startup or a technology innovator in the food service industry? Don't miss out on the opportunity to tap into decades of expertise. Reach out to Savor Capital & Advisory now to explore how their seasoned professionals can propel your business forward. Discover if you're eligible to leverage our unparalleled knowledge in food service branding and technology and take your venture to new heights.

Don't wait – amplify your voice or supercharge your startup's growth today with Savor's ecosystem of industry-leading platforms and advisory services. Visit https://www.savor.fm/capital-advisory

The 2024 National Restaurant Association Show, considered the Super Bowl of foodservice events, is set to take place in Chicago from May 18-21. Now in its 103rd year, this comprehensive industry event brings together operators, suppliers, associations, education providers, media, and more from the global restaurant and foodservice industry. Highlights include the Technology Pavilion and Innovation Theater featuring industry-leading sponsors, exhibitors, and thought leaders sharing insights on front and back-of-house tech, supply chain, labor, loyalty programs, and other operational topics. Additionally, the inaugural 'Expo + Education' sessions will offer best practices across various industry segments. With over 400 tech exhibitors showcasing POS systems, signage, robotics, IoT, AI (including the next iteration of voice AI), and more, the National Restaurant Show promises to be a vital destination for operators seeking new technologies to enhance their operations.

As seniors increasingly use technology in their daily lives, innovative solutions are emerging to cater to their unique needs across different industries. Terence Ronson, Founder of Pertlink, has leveraged his hospitality expertise to develop technologies for senior living residences, such as voice control for simple tasks and dietary tracking systems in hospitals. While integrating such personalized technologies into the hospitality and restaurant industries with shorter patron stays poses challenges, there is growing potential for these sectors to learn from senior-focused innovations. The intersection of advanced technologies and the specific requirements of the aging population presents opportunities for enhancing experiences and accommodating varying abilities across senior living, healthcare, hospitality, and dining environments.

Across almost every industry, self-service is being implemented in some format. Grocery stores have self-checkout, hotels have self-check-in/out, and of course the foodservice industry has embraced kiosk ordering.
 
Joining in an Accelerate Spotlight conversation this week with Rob Grimes is Tyler Wells, ISV & Strategic Accounts Partner Manager, Americas at MicroTouch. MicroTouch is a global leader in capacitive touch solutions and innovator in touch technology, with more than 50 million touchscreen installations in 80 countries worldwide. With a 10-year technical background himself, Tyler is an ideal conversation guest as a thought-leader on the future of self-service and touchscreens in the retail, hospitality, and foodservice industries.
 
The episode begins by defining self-service, what is a kiosk and where they are found in all sorts of operations. Tyler says that self-service is relying on the customer to make their experience quicker and more convenient. Kiosks are free-standing interfaces placed in public areas to engage with customers and display information. Rob adds that he believes COVID turned around the attitude towards kiosks in the restaurant industry.
 
When it comes to the adoption of self-service or kiosks within the retail, hospitality, and foodservice industries there is variation. Retail’s self-service technologies focused on inventory management efficiency and being able to track better what’s being sold and what’s in the store. In hospitality, the use of kiosks is enhanced efficiency and convenience in the customer experience. Orders are put in directly by the customer reducing human error, while providing better communications through language translation, graphics and ai-generated response and suggestions.
 
The evolution of customer interaction is paving the way for self-service and kiosks to play a significant role in the foodservice industry and beyond. Tune in to this special edition of Accelerate Spotlight to discover the reasons behind the staying power of self-service and kiosks, and how they are adapting to incorporate robotics, AI, and automation technologies.

This episode is sponsored by MicroTouch


Improve the speed and ease of transactions. Whatever your business or application, MicroTouch projected capacitive screens offer seamless convenience for employees and customers alike.

Hong Kong has always been ground zero when it came to hospitality, tech, innovation and education.  How this came to be, and was put to practical use was the subject of conversation with this week’s guest, Richard Hatter. Richard has an extensive background in the hospitality space, opening many hotels in the Asia-Pacific market over the last 25 years. Richard’s operations expertise led him to become an adjunct professor at Hong Kong Polytechnic University which opened up new doors, putting his hotel background, love for technology, a desire to teach, all together to enable Corporate Social Responsibility (CSR) initiatives within the hospitality industry. 

In the competitive Asian market, innovation with technology was seen as a way to teach students. As GM of hotel ICON, Richard put a technology prototype, development and testing center working with suppliers and hoteliers, and at the same time being a teaching hub for hospitality students. First, this gave suppliers a chance to test their products and viability with real guests, providing the ability to make adjustments to ensure a successful launch. A secondary benefit of this being that the hospitality students would go on to lead the market and be familiar with the suppliers who’s products were being tested. 

In terms of technology, everything from robotics to sustainability in uniforms and reducing food waste was tested. Richard believes that hotels today can learn from these methods. As a center for innovation and creativity it’s very attractive to students and patrons alike. Students come for the education and hotel patrons desired more dynamic experiences during their stay. The hotels themselves could use the opportunity to update outdated systems.

Tune in to this episode of Accelerate to learn more about the teaching hotels, and how education, hospitality, and innovation can become an ICONic experience.

One of the problems the industry has always had, what is ‘technology’ in the first place?” jokes this week’s guest, Barbara Timm-Brock, CEO of E-Track. With a mutual passion for tech and operations with the foodservice industries, but coming from different starts in the industry, Barbara joins Rob as they examine the past, present, and future from their individual viewpoints.

They begin by reflecting on their work experience, Rob at Marriott and Barbara at Pillsbury. The pair note how the approach to restaurants used to only worry about the guest who was physically in the restaurant. Now, it has evolved into dealing with 3rd parties and anyone with access to the internet.

In leadership, Barbara says many senior executives are trying to figure out where to prioritize when it comes to technology. She likens it to a pool with different swim lanes. It’s important to define the different lanes of technology, to adequately assess what resources to supply them with. Restaurant workers are an important stakeholder in the process too.

Looking at the future, Rob asks Barbara a series of rapid-fire questions about different technologies and what the path forward looks like. One example, Electrification of businesses, Barbara says it’s a sure thing and to jump on board now. She also says to use data to understand the peaks and valleys of one’s business will be important moving forward.

Tune in to this episode of Accelerate to listen to two passionate problem solvers in the restaurant and technology industry discuss best approaches, lessons learned, and why it’s important to help operators understand technology better.

In this episode of the Accelerate Podcast, host Rob Grimes, delves into the pulse of hospitality tech in a "Hospitality Tech: State of the Union" episode. Drawing inspiration from the recent State of the Union address, he embarks on a comprehensive exploration of the technological landscape within the hospitality industry.

Join Rob, as he navigates through various industry predictions, presentations, and articles, shedding light on the latest tech trends shaping the hospitality industry. Recognizing the pivotal role of consumer and operator perspectives, we uncover how these insights shape the trajectory of industry innovations.

Our journey extends beyond mere observation, as we engage extensively with suppliers, operators, and industry associations to glean invaluable insights into the industry's current state. Anticipation builds as we prepare to attend upcoming events such as MURTEC, The Bar & Restaurant Show, Pizza Expo, Multiunit Franchising Conference, and Shop Talk, where industry discourse thrives.

We dive deep into industry Key Performance Indicators (KPIs), including consumer spending trends, tech budgets, and leadership evolution, providing a holistic view of industry dynamics. Explore with us as we discuss new opportunities for operators and drivers of progress, analyzing tech spending trends and the emergence of new leadership roles within companies.

Furthermore, we examine supplier marketplace dynamics, uncovering new product offerings and international expansion strategies. Delve into labor market trends, noting the increasing interest in hospitality technology careers and the industry's evolving workforce landscape.

Through it all, we recognize the critical role of technology in meeting consumer expectations and propelling industry growth. Join us in this conversation, culminating in an overall positive outlook on the future of technology within the dynamic realm of hospitality. Tune in to the Accelerate Podcast for a compelling exploration of Hospitality Tech's, 2024 State of the Union.

In this week's episode, host Rob Grimes puts the spotlight on TechSpectations, or rather, the expectations of tech within hospitality. Not about airing grievances or frustrations about technology but rather a constructive dialogue aimed at dissecting observations and insights shared with Rob by industry insiders.

From investing in cutting-edge technology to grappling with execution challenges, the conversation draws from recent industry developments and personal anecdotes, the podcast presents a comprehensive view of how technology intertwines with every aspect of the hospitality experience.

The emphasis is on the importance of technology that serves a purpose beyond its novelty, the discussion delves into the significance of meeting the diverse expectations within hospitality operations of consumers, employees, management, and shareholders. Whether it's about optimizing operations, enhancing guest interactions, or staying ahead of evolving consumer preferences, TechSpectations offers actionable insights and strategies to navigate the ever-changing landscape of hospitality tech.

With a keen focus on bridging the gap between tech innovation and real-world application, TechSpectations sets the stage for informed discussions and actionable takeaways in the fast-paced world of hospitality tech. To hear more of Rob’s thoughts, and start your own conversation on TechSpectations, tune in to this episode of Accelerate.