#91: Behind the Scenes of a Vegas Restaurant Empire - w/ Elad Assayag

The Founder Podcast

Chris Lee

Business, Entrepreneurship

5 • 1.4K Ratings

🗓️ 23 April 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to a new episode of the Founder Podcast. In this episode, I’m joined by Elad Assayag, the hospitality industry legend whose passion and determination are as infectious as his culinary ventures. From the bustling streets of Miami to the glittering lights of Vegas, Elad takes us on a journey through the challenges and success of building a restaurant empire. With a blend of humility, wisdom, and a dash of humor, Elad shares the secret ingredients to his success, the importance of family, and why he believes retirement is not in his recipe for life. Whether you're an aspiring entrepreneur or simply in search of a dose of inspiration, Elad's story serves up the perfect blend of life lessons and business savvy, all seasoned with love for what he does. Highlights: "The best ingredient here is love. Like if you don't love what you do, this is impossible." "Networking for me too is, and I really enjoy knowing people, understanding them, learning now." "I don't think you can retire from this. It's something in your blood." Timestamps: 00:00 - Elad's Comfort Zone: The Kitchen 01:36 - The Love for Hospitality and Making People Smile 11:46 - The Challenge of Opening Restaurants in Prime Locations 13:26 - Networking: The Key to Success 22:51 - The Consultancy Beyond Restaurants 30:40 - Utilizing Unique Spaces for Maximum Impact 32:29 - Choosing Projects That Excite 36:20 - Dealing with Challenges and Growth 40:21 - The Joy of Customer Satisfaction 44:51 - Future Plans: Beyond Restaurants Live Links: Join my community - Founder Acceleration ⁠https://www.founderacceleration.com ⁠ Apply for our next Mastermind:h⁠ttps://www.thefoundermastermind.com⁠ Golf with Chris h⁠ttps://www.golfwithchris.com⁠ Watch my latest Podcast Apple- ⁠https://podcasts.apple.com/us/podcast/the-founder-podcast/id1687030281S⁠ Spotify- ⁠https://open.spotify.com/show/1e0cL2vI1JAtQrojSOA7D2⁠ YouTube - @thefounderspodcast

Transcript

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0:00.0	Now it's like, you go to Warren Buffett, but I'm going back to this.
0:05.0	It's like, this is my family, this is my friends, you know, I,
0:10.0	this is my comfort zone.
0:12.0	I can sit in a suit and tie with the board wherever you want and we can hang out with the guys from school that are very successful.
0:20.0	But my comfort zone is when I get dirty and dusty and see what's happening here.
0:25.0	So maybe one day I won't feel this way but right now I still I'm still in the kitchen
0:30.3	when need to.
0:31.3	What's up guys so today I'm joining my good friend I'm here in the Venetian hotel in Las Vegas.
0:40.0	Elad is an incredible, what do you call yourself, restaurateur?
0:44.0	Yeah, yeah.
0:46.0	This guy literally owns restaurants all over in the two most incredible cities in the world Miami and right here in Las Vegas he is
0:55.8	known for his ability to take space and generate massive amounts of revenue here we are are in front of one of his beautiful
1:04.0	restaurants donutique. Dude how long have you been in the restaurant space?
1:10.1	I was 14. Started when I was 14, 14, and then 25, 7 years now.
1:17.7	Oh my goodness.
1:18.7	So I've been doing this forever, yeah.
1:20.2	Yeah, so 40 years old, I know a lot of people from around the world look to you as like help to be able to consult to be able to do this type of thing.
1:30.0	So, I mean, what initially like inspired to get involved in this type of business?
1:35.0	People. I love people. I love hospitality. I love the smile on people face when they're done, the service, the whole excitement,
1:50.3	you know, I'm dealing with my business is to make people happy.
1:53.6	So, I mean, it's not like I'm in a board meetings and
1:58.0	I mean, fighting and arguing.
	...

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