In this episode of 'Sorry We're Closed', we discuss the success of the Jordan brand, the importance of personal branding, and the power of storytelling in business. The gang explores how Michael Jordan's brand has surpassed his basketball earnings and delve into the significance of building a personal brand in today's market. The conversation emphasizes that a compelling story can enhance brand value and attract customers. In this conversation, Sean and Pat discuss the importance of startup stories and the hunger for real-life experiences in business. They delve into the significance of brand building in professional sports, particularly in the context of the new Intuit Dome for the Clippers, highlighting how technology is reshaping fan experiences as Steve Ballmer spent $2 Billion for this new facility. Overall you will learn some awesome facts around powerful brands you know and hopefully some strategies on how you can look at your own personal brand as well!

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Chapters

00:00 Introduction to the Podcast and Guests

05:04 The Jordan Brand: A Business Phenomenon

15:03 Building Personal Brands in Business

25:10 The Importance of Storytelling in Branding

38:56 Brand Building in Professional Sports

44:12 The Intuit Dome: A New Era for the Clippers

52:01 The Future of Fan Experience in Sports

In this episode of "Sorry We're Closed," Pat, Sean, and Tevo discuss a range of topics including obstacles in Pat's real estate investment ventures around tenant eviction challenges and the complexities of landlord responsibilities. Pat shares his experiences with Section 8 tenants and the difficulties of deciding when to evict, balancing compassion with business needs. The hosts also explore Walgreens' decision to close stores, citing reduced consumer spending and cost-cutting measures, as well as Starbucks scaling back its discounts in favor of emphasizing quality and customer experience. The episode wraps up with a lively discussion on creative marketing strategies, including the successful use of $5 espresso martini promotions at Pat's bar, The Waiting Room, and ideas to keep customer engagement high.

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YouTube and Socials

https://mtr.bio/sorry-were-closed-Pod

0:00 Intro

04:00 Discussion on Section 8 tenant eviction challenges.

17:48 Walgreens' store closures and consumer spending decline.

25:41 Starbucks' strategy shift away from heavy discounts.

45:24 Marketing success with $5 espresso martini promotion.

In this episode of "Sorry We're Closed," Pat goes solo and takes the opportunity to dive deeper into the introduction of his newsletter, discussing his current focus on his hospitality businesses, particularly the waiting room cocktail lounge. He shares insights on launching creative promotions, like the popular $5 espresso martini tree, and how it's driving customer engagement. Pat also reflects on his future pivot from hospitality to real estate investment, detailing his strategy with Section 8 housing and the challenges of scaling in the hospitality industry. He finishes the episode by recommending the book Predictably Irrational and its insights into human decision-making.

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YouTube and Socials

https://mtr.bio/sorry-were-closed-Pod

00:15 – Pat introduces the episode, going solo today.

03:33 – Discussion on the hospitality industry and busy season.

08:22 – Launch of the $5 espresso martini tree promotion.

12:45 – How TikTok drove massive customer engagement.

16:35 – Pat’s thoughts on customer loyalty and upselling strategies.

23:21 – Transition from hospitality to real estate investments.

29:50 – Pat explains the benefits of Section 8 housing investments.

33:20 – Book recommendation: Predictably Irrational and its impact on business decisions.

In this episode of "Sorry We're Closed," we venture into the world of lawyers where Business Pat has some strong opinions you need to hear and we break down a survey that says 1 in 4 lawyers are bullied. We then shift to the ongoing Longshoremen strike, exploring its economic impact and the looming threat of automation and AI on industries from shipping to law. This leads us to discuss the future of work, emphasizing how entrepreneurial adaptability is key in navigating the coming AI revolution. To top it off, we explore the scandal surrounding New York City Mayor Eric Adams, who was indicted due to an unexpected chain of events involving a pop star and a church.

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00:15 – Episode introduction and today’s lineup preview.

02:08 – Discussion on workplace bullying among lawyers.

12:33 – Start of Longshoremen strike and automation fears.

15:01 – Economic impact of the strike on U.S. imports.

34:01 – AI's role in future job displacement.

52:40 – Tevo’s insights on AI and creative jobs.

1:03:26 – Mayor Adams' indictment and surprising backstory.

In this episode of "Sorry We're Closed," Pat and Tevo delve into a wide range of topics, from the challenges of navigating tariffs in the U.S. economy to sports business updates. They explore the implications of President Trump's proposed 200% tariff on companies like John Deere if they move their manufacturing to Mexico, diving into the pros and cons of tariffs for American jobs and consumers. The hosts also discuss the Oakland Athletics' move to Las Vegas, reflecting on the local economic impacts of losing a long-standing sports franchise. The conversation covers everything from local commuting trends to the nuances of business decisions, making for an insightful and diverse episode.

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3:00 Ranking US Cities

33:00 How Tariffs Affect our Country

50:00 Oakland A's Moving; Ripped By Local Media

In this episode of "Sorry We're Closed," Pat and Tevo explore a variety of engaging topics, starting with a discussion about the latest iPhone release and the excitement around Apple's new intelligence features. The hosts then dive into the challenges of creating compelling content, sharing insights from Mr. Beast’s 36-page manifesto on social media success. They also break down Tennessee University's decision to introduce a 10% talent fee on ticket prices to support revenue sharing with athletes, sparking a debate on the effectiveness of this approach. Throughout the episode, Pat reflects on the progress at his cocktail bar, The Waiting Room, while sharing his ongoing efforts to boost visibility and sales through creative marketing strategies. The show wraps up with a brainstorming session on how to keep viewers hooked in an era of shrinking attention spans.

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4:00 Apple's New iPhone

22:00 Tennessee Football Charging Fans for NIL Fund

33:00 Mr Beasts Secrets to Success on YouTube

55:00 Content Creation Exercise

The full gang is here this week again to discuss marketing strategies they've been experimenting with, including advertising on different platforms like X and TikTok. The hosts then delve into a debate about "founder mode" versus "manager mode" in business operations, discussing the balance between hands-on management and delegation. The conversation shifts to a spirited discussion about the political climate, including the recent presidential debate between Trump and Kamala Harris, and the challenges of cutting through political noise to identify genuine policy positions. The episode wraps up with some personal anecdotes and reflections on how perception shapes business and politics.

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4:00 Advertising on X

15:00 Founder Mode vs Manager Mode

50:00 Baseball Pat on Facing Certain Batters

56:00 Fyre FEstival Part 2

62:00 Debate Recap

In this episode of "Sorry We're Closed," the guys explore the vocational education system and debate the merits of traditional four-year colleges versus vocational training, particularly in fields like plumbing, truck driving, and electrical work and how there are entrepreunirial opportunities in all fields. The conversation touches on societal views about "blue-collar" versus "white-collar" jobs, and the hosts discuss how to elevate the perception of tradespeople in America. The episode also touches on current topics, such as government efficiency and how Elon Musk has suggested he could help run a commission to address inefficiencies. Toward the end we get excited about the start of football season and their fantasy football drafts, with a humorous side note on the Travis Kelce and Taylor Swift rumors.

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5:00 Blue Collar vs White Collar Jobs

40:00 Harris and Trump Breakdown

63:00 Travis and Taylor Swift Business Breakup?

In this politically charged episode of "Sorry We're Closed," the full team dive into the controversial proposal of a 25% wealth tax on unrealized gains, examining its potential impact on the economy and the wealthy. The discussion explores the complexities and potential loopholes that could arise if such a tax were implemented. The hosts also delve into free speech and censorship, reflecting on Elon Musk’s stance on content moderation and how it contrasts with actions taken by other social media platforms since META and Mark Zuckerberg admitted to throttle certain news stories around Covid. The conversation shifts to the diversity, equity, and inclusion (DEI) initiatives in corporate America, with a focus on whether these policies are effective or simply performative. Finally, they tackle the Bud Light controversy and its attempt to rebrand with comedian Shane Gillis, debating whether the timing and choice of spokesperson will help the brand recover.

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5:00 Wealth Tax Debate

28:00 Zuckerberg Admits to Censorship

40:00 Companies Out on DEI

58:00 Shane Gillis to Save Bud Light?

In this episode of "Sorry We're Closed," Pat and Tevo dive into the intricacies of the current real estate market and the potential impact of a proposed $25,000 grant for first-time homebuyers. They discuss the pros and cons of such a program, exploring how it might drive up home prices and create financial challenges for buyers in a different way than a down payment. The conversation then shifts to the ongoing debate around remote work, with Pat and Tevo weighing the benefits and drawbacks of working from home versus returning to the office. They conclude with insights into Starbucks' new CEO, Brian Niccol, and his decision to work remotely, reflecting on how even top executives are embracing the remote work trend.

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2:00 Sorry We're Closed Intro

6:00 $25,000 Home Downpayment Discussion

25:00 Remote Work Debate