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Words of Mass Disruption: Restauranteur and Entrepreneur Phil Romano
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When? This feed was archived on August 04, 2023 08:09 (). Last successful fetch was on December 02, 2020 16:29 ()
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Manage episode 222497671 series 1544364
Part 2 of the conversation with legendary restauranteur and entrepreneur PHIL ROMANO. The man behind Fuddruckers, Eatzi's, Trinity Groves, Nick and Sam's, The Network Bar and dozens more. We focus on the economics and the investment behind Fuddruckers and how he turned a $15k investment into a $3.4m payout in just two and a half years.
"It's called Lateral Integration: I make a disease and then I fix the disease to lessen the sin." - Phil Romano
We talk about his investment in an idea for a new product that would go on to save millions of lives. He invested just $250k and turned that into hundreds of millions of dollars just a few years later.
He has made many people famous for not getting into investments with him that paid out very well. One even had a nervous break down.
"It's hard to invest in other peoples ideas because I always had the best ideas." - Phil Romano
We talk about his value system and bill of rights, and how he uses this premise to build and manage his businesses and his personal life. He has five base values that he uses over and over that works for him.
We dive into the economics of the Trinity Grove project, and how it is creating the new generation of restaurant concepts, owners and operators.
"The accountant and attorney and everyone around me told me not to do it. That turned into an $800 million payoff." - Phil Romano
We also talk about the latest concept The Network Bar, and how it is designed to bridge the gap between millennials and the business folks who have "been there and done that". Phil talks about how the concept was originally conceived and what it ended up turning into and what the future looks like for it.
Check out the places Phil talks about in this episode.
https://www.networkbar.com/
https://nick-sams.com/
https://www.trinitygroves.com/
https://en.wikipedia.org/wiki/Phil_Romano
https://www.instagram.com/thenetworkbar/
PLEASE FOLLOW SHARE AND REVIEW
https://www.instagram.com/wordsdisruption/
https://www.instagram.com/therealerichanes/
https://www.wordsofmassdisruption.net/
https://open.spotify.com/show/4CiQvI8tPmHDlb6D7Deb6d?si=lCQkRnJMTFa9e3P8PWesCQ
https://itunes.apple.com/us/podcast/words-of-mass-disruption/id1274247467
https://play.google.com/music/listen?u=0#/ps/I5zirpht24cmkto6qrb6e5tvufm
37 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on August 04, 2023 08:09 (). Last successful fetch was on December 02, 2020 16:29 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 222497671 series 1544364
Part 2 of the conversation with legendary restauranteur and entrepreneur PHIL ROMANO. The man behind Fuddruckers, Eatzi's, Trinity Groves, Nick and Sam's, The Network Bar and dozens more. We focus on the economics and the investment behind Fuddruckers and how he turned a $15k investment into a $3.4m payout in just two and a half years.
"It's called Lateral Integration: I make a disease and then I fix the disease to lessen the sin." - Phil Romano
We talk about his investment in an idea for a new product that would go on to save millions of lives. He invested just $250k and turned that into hundreds of millions of dollars just a few years later.
He has made many people famous for not getting into investments with him that paid out very well. One even had a nervous break down.
"It's hard to invest in other peoples ideas because I always had the best ideas." - Phil Romano
We talk about his value system and bill of rights, and how he uses this premise to build and manage his businesses and his personal life. He has five base values that he uses over and over that works for him.
We dive into the economics of the Trinity Grove project, and how it is creating the new generation of restaurant concepts, owners and operators.
"The accountant and attorney and everyone around me told me not to do it. That turned into an $800 million payoff." - Phil Romano
We also talk about the latest concept The Network Bar, and how it is designed to bridge the gap between millennials and the business folks who have "been there and done that". Phil talks about how the concept was originally conceived and what it ended up turning into and what the future looks like for it.
Check out the places Phil talks about in this episode.
https://www.networkbar.com/
https://nick-sams.com/
https://www.trinitygroves.com/
https://en.wikipedia.org/wiki/Phil_Romano
https://www.instagram.com/thenetworkbar/
PLEASE FOLLOW SHARE AND REVIEW
https://www.instagram.com/wordsdisruption/
https://www.instagram.com/therealerichanes/
https://www.wordsofmassdisruption.net/
https://open.spotify.com/show/4CiQvI8tPmHDlb6D7Deb6d?si=lCQkRnJMTFa9e3P8PWesCQ
https://itunes.apple.com/us/podcast/words-of-mass-disruption/id1274247467
https://play.google.com/music/listen?u=0#/ps/I5zirpht24cmkto6qrb6e5tvufm
37 episodes
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