July 10, 2024

"Success creates culture" - Victor Lugger - Big Mamma Group & Sunday

54 minutes

From Doubt to Drive - Entrepreneurs Only.

This week with Victor Lugger, co-founder of Big Mamma Group (https://www.bigmammagroup.com) and Sunday App (https://sundayapp.com/).

He and his business partner Tigrane Seydoux disrupted our industry twice. First with Big Mamma Restaurant Group, now operating 25 restaurants in 5 Countries, 2,500 employees, valued at €270 Mio. when McWin bought a majority stake last year.

And also with Sunday App “the fastest way to pay”, a FinTech company, founded in 2021, raised over €125 Mio. and now active in US, UK and France.

Victor talks with us about that toughest time of his career when he had to let 300 people go, when his Fintech company “Sunday” had to change the scope over night to be profitable ASAP and the collective responsibility to change the course of the company.

Our main learnings from this conversation are:

Don’t get lost in rabbit holes. Think about the big picture.

Success creates culture.

Analyze & understand your recipes to create great emotions.

Speed creates more value than anything else.

You always over-estimate what you can do in one year but you under-estimate what you can do in ten years.

Discipline will set you free. Set up a management structure and stick with it.

Fear of Failure is a huge driver. Use it.

The early, hard days of an entrepreneur are the best ones.

Make sure you are happy, excited & passionate about the work you are doing.

Overtrust your people. Leaders should just create the right context.

Don’t tell your people what they should do. Make sure they have enough time to do what they should do.

Make your partner proud. Show them the better version of yourself.

Business is not who you are. It is just business.

Never take any risk which could kill the business. Behave like a “good-family dad”.

Make sure the mission of your company is aligned with who you are.

Don’t think that other entrepreneurs are better. It is really hard in the beginning. Success is 99% hard work.

Make each day count to create purpose.

For everyone who wants to know and see more about Big Mamma, please watch the interview we did with Victor Lugger 4 years ago: https://www.youtube.com/watch?v=E114HqttAhg&t=1158s.

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Recorded on 4th June 2024 via Zoom in London, UK (Victor Lugger) – Mirissa, Sri Lanka (Mario C. Bauer) – Hamburg, Deutschland (Florian Schneider).

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By Mario C. Bauer & Florian Schneider

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