This document discusses how to build a successful bar or restaurant by focusing on location, concept, and service, and treating employees like family. It emphasizes that the key to long-term success is having a clear purpose or "why" that goes beyond just food and drinks. Successful establishments discussed create a sense of community and ethos by hiring people who believe in the same vision, and practice hospitality by truly listening to and understanding customers.
5. !
Simon Ford
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* 20 + years of Experience in the Industry
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* Most rewarded Brand Ambassador in history
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* Co-Founder of The 86 Spirits Co
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* World Traveler
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* Looser of the biggest expense account in the
business
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14. New Bar-Restaurant anywhere in the world
!
General Formula:
LOCATION
* Foot Traffic
* Corner - if possible
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15. New Bar-Restaurant anywhere in the world
!
General Formula:
LOCATION
* Foot Traffic
* Corner - if possible
* Existing fixtures - ideally
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16. New Bar-Restaurant anywhere in the world
!
General Formula:
LOCATION
* Foot Traffic
* Corner - if possible
* Existing fixtures - ideally
* Supportive Community
!
17. New Bar-Restaurant anywhere in the world
!
General Formula:
LOCATION
* Foot Traffic
* Corner - if possible
* Existing fixtures - ideally
* Supportive Community
* Great deal on the lease
21. New Bar-Restaurant anywhere in the world
!
General Formula:
CONCEPT
* Products (Food & Drink)
* Design
* Profitability & Business Plan
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22. New Bar-Restaurant anywhere in the world
!
General Formula:
CONCEPT
* Products (Food & Drink)
* Design
* Profitability & Business Plan
* Logistics
23. New Bar-Restaurant anywhere in the world
!
General Formula:
CONCEPT
* Products (Food & Drink)
* Design
* Profitability & Business Plan
* Logistics
* Hours of Operation
38. Cornell University and Michigan
State University
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Study of restaurants in three local
markets over a 10-year period:
39. "beyond muddled concepts, failure
seemed to stem in large part from
an inability or unwillingness to give
the business sufficient attention,
whether due to lack of time,
passion or knowledge."
40. YEAR 1 - 27% of restaurant startups
failed;
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41. YEAR 1 - 27% of restaurant startups
failed;
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YEAR 4 - 50% of those restaurants
were no longer in business;
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42. YEAR 1 - 27% of restaurant startups
failed;
!
YEAR 4 - 50% of those restaurants were
no longer in business;
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YEAR 5 - 60% had gone south.
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43. YEAR 1 - 27% of restaurant startups
failed;
!
YEAR 4 - 50% of those restaurants were
no longer in business;
!
YEAR 5 - 60% had gone south.
!
YEAR 10 - 70% had failed.
56. WHY:
What's your purpose?
What's your cause?
What's your belief?
Why does your organization exist?
Why do you get out of bed in the
morning?
57. WHY:
What's your purpose?
What's your cause?
What's your belief?
Why does your organization exist?
Why do you get out of bed in the
morning?
And why should anyone care?
79. “If you hire people just because
they can do a job, they’ll work for
your money. But if you hire people
who believe what you believe,
they’ll work for you with blood and
sweat and tears.” (Simon Sinek)
81. Legendary NYC Restaurateur
“ Service is a monologue-we decide how we
want to do things and set our own standards for
service. Hospitality, on the other hand is a
dialogue. To be on a guest’s side requires
listening to that person with every sense, and
following up with a thoughtful, gracious,
appropriate response. It takes both great service
and great hospitality to rise to the top.”
Danny Meyer – Setting the Table
86. “The secret of leadership is simple:
Do what you believe in. Paint a
picture of the future. Go there.
People will follow.”
Seth Godin, Tribes: We Need You to
Lead Us
Saturday, July 6, 13
87. “It's within these tribes that societies
get built, that important things
happen.”
David Logan, Tribal Leadership