{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"FULL COMP: Restaurant Tactics, Tools, & Strategies","title":"Doubling Down on Your Dreams: Daniel Shemtob, chef/owner TLT Foods & Hatch Yakitori","html":"","width":"100%","height":180,"duration":2015,"description":"You’ve gotta bet big to win big\nIn 2019, Daniel Shemtob leveraged millions to build the hospitality empire of his dreams. Food trucks to fine dining and even a catering company, he’s focused on absolute domination of the industry. Daniel built a big ship and now he needs to captain it through an economic disaster.\nOn this episode we cover the lessons he’s learned over the last 4 months and the plan he’s created to thrive in the future.\nClick to sign up for our weekly newsletter.\nClick here to book time on my personal calendar.\nClick here to download our Restaurant Recovery Guide.\nWant to streamline your front-of-house operations and increase sales? Head over to http://restaurants.yelp.com/fullcomppodcast to claim your free page and learn more about these powerful tools for your business.\nSHOW NOTES\n\n Successes in 2019\nDaniel considers himself an entrepreneur first and foremost\nRedefining goals in 2020\nChanging perspectives with assets and liabilities\nPreux and Proper was 6000sq ft\nWas an asset\nNow a liability - too much space\nHoning focus can help avoid this shift\nTaking on too much can turn an asset into a liability\nFixed costs have been the most challenging\nRent\nOpportunities during Covid\nBig shifts in the market cause opportunities\nPreviously would jump on opportunities\nNow considers things for longer\nJosh realized he struggled with focus\nBusy isn’t successful\nBusy isn’t profitable\nPairing down from 15 objectives to 3\nBest decisions made during the first 90days of the pandemic\nGetting ENDL loans\nHe wanted as much capital as possible to have a runway\nThinking like a startup\nBeing willing to pivot\nDeploying funds correctly\nRolling out a late-night experience\nCompensating for losing 40% of dine-in revenue\nDaniel lost a lot during the pandemic\nBecoming charitable\nGiving away shoes\n100s shoes to those who needed them\nGiving away food\n1500 meals\nDaniel’s mentor felt inspired by his positivity\nReforming the businesses\nFine-dining restaurant reopened to great success...","thumbnail_url":"https://img.transistorcdn.com/6OAanP6N7rKCCEP4OYgZT_i74QmCwgk2rH1cSWqhfvs/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zYzkz/MGQ5M2Y5MWZmM2E0/NGM3MzFmNzQ0OGZl/NDhhYi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}