In this engaging conversation, Pat and Tevo reflect on their personal experiences and the concept of 'the good ole days.' They discuss the importance of enjoying life's journey, even amidst challenges. The conversation shifts to current hospitality news, highlighting rising prices and changes in the restaurant industry, including the introduction of tariff menus due to trade policies. The hosts explore the implications of these changes on consumers and businesses alike, emphasizing the need for resilience and perspective in navigating life's ups and downs. They delve into the challenges of micromanagement in business, the importance of setting goals for staff, and the necessity of adapting marketing strategies in a digital age. The discussion highlights the complexities of economic policies and their implications for businesses and consumers alike.
Chapters
00:00 The Good Old Days: Reflecting on Memories
10:33 Navigating Life's Challenges: Enjoying the Journey
11:03 Hospitality News: Rising Prices and Industry Changes
13:22 Tariff Menus: The Impact of Trade Policies on Restaurants
28:47 Impact of Federal Reserve on Interest Rates
29:30 Market Dynamics and Housing
30:55 Tariffs and Economic Implications
32:13 The Role of AI in Business
33:37 Taxation and Tariff Revenue
35:33 Challenges of Implementing Tariffs
37:54 Political Strategy and Economic Pain
39:46 Micromanagement in Business
40:59 The Effects of Micromanagement
42:34 Learning Through Micromanagement
44:56 Setting Goals for Staff
46:52 Adapting to Market Changes
48:46 Problem Solving in Management
51:44 Marketing Strategies and Social Media
54:33 Engaging Customers Through Content
56:33 The Future of Business in a Digital Age
YouTube and Socials
https://mtr.bio/sorry-were-closed-Pod