468: ‘Bar Rescue’ Host Jon Taffer on the “Secret Recipe” for a Successful Business

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 13 November 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bar Rescue host Jon Taffer has spent more than a decade finding the most disgusting, poorly-run, money-hemorrhaging bars in America and turning debt-ridden dumps into successful money-making businesses. How does he do it? In today’s show, this hospitality, restaurant, and bar legend will uncover the ONLY reason why businesses fail and the “secret recipe” for a successful entrepreneur. And even if you don’t own a business or don’t plan on owning one, Jon drops some knowledge that cannot be missed and could turn WHATEVER you’re struggling with in life into a smooth path to success. Jon talks about the over two hundred bars and businesses he’s saved, the biggest mistake the owners are making, and how to get out of business debt if your business is in WAY too deep. Lastly, Jon talks about what makes a successful entrepreneur and gives his most crucial advice for those who are about to launch or have plans to launch a business. Trust us, Jon’s advice could save your entire business! In This Episode We Cover The number one reason why businesses fail and what their owners should do NOW Taking responsibility and why your excuses are STOPPING you from achieving your dreams How Jon and the Bar Rescue team complete bar renovations in just thirty-six hours (seriously!) Screaming, yelling, crying, and how Jon breaks through to failing business owners The “secret recipe” for a successful entrepreneur and Jon’s biggest piece of advice in 2024 And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment The Main Reason Most Businesses Fail and How to Avoid It Grab Jon’s Books Click here to check the full show notes: https://www.biggerpockets.com/blog/money-468 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the BiggerPockets Money Podcast. We have a great show for you today. We are interviewing
0:05.9	John Taffer from Bar Rescue and talk about failing businesses, being an entrepreneur, and cutting
0:12.2	the excuses.
0:13.2	Hello hello hello my name is Mindy Jensen and joining me today is our senior producer
0:18.0	Kaylin Bennett.
0:19.0	Hi Mindy so happy to be here.
0:21.1	So excited that you're here, Kaylin.
0:23.0	Sorry Scott, but I think Kaylin is my new favorite co-host.
0:26.0	Oh yikes, sorry Scott.
0:28.0	We'll have to battle it out with constructive confrontation like John talks about on the show after this.
0:34.8	Just kidding.
0:35.8	We don't do that on this show ever.
0:36.8	We all love each other so much.
0:40.0	All right, so Kaylin and I are here to make financial independence less scary.
0:44.6	Less just for somebody else.
0:46.4	To introduce you to every money story, because we truly believe financial freedom is attainable
0:51.0	for everyone, no matter when or where you are starting.
0:54.0	That's right Mindy whether you want to retire early and travel the world go on to make big
0:58.8	time investments and assets like real estate start your own, or cut the excuses and be the best
1:04.7	entrepreneur you can be will help you reach your financial goals and get money out of
1:09.1	the way so you can launch yourself towards your dreams. All right, it's time for the money moment
1:13.5	where we share a money hack, tip, or trick
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.