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Black Wealth Renaissance

EP: 207 - The Secret Formula to Building A Multi-Million Dollar Business (Guest: Derrick Hayes)

Black Wealth Renaissance

Black Wealth Renaissance

Business

4.81.1K Ratings

🗓️ 29 November 2023

⏱️ 65 minutes

🧾️ Download transcript

Summary

Discover the latest episode of the BWR Podcast as hosts David & Jalen sit down with Derrick Hayes, the visionary CEO behind Big Dave’s Cheesesteaks. Hailing from Philadelphia, Derrick ventured into Atlanta, introducing the iconic Philly Cheesesteak to the southern city and spearheading one of the fastest-growing restaurant startups, now boasting a team of over 144 employees. Tune in as Derrick candidly shares his journey, delving into pivotal moments that shaped his success. Learn how he rebounded from a staggering $1 million loss, leveraging his last resources to establish and nurture his restaurant brand. He opens up about overcoming significant setbacks while scaling his company to a remarkable annual revenue exceeding $1 million. Key Highlights: 5:05 – Unveiling the fusion of culture and culinary artistry 12:30 – Insights on the significance of networking and access in business 16:00 – Exploring the psychology of leveraging someone else's wealth 20:07 – Embracing the challenges of the entrepreneurial journey 28:45 – Recognizing the tipping point for expansion, marked by hours-long queues 31:31 – Empowering veteran employees through phantom equity 39:10 – The power of hiring expertise beyond your own 47:30 – Quality control strategies drawn from the Blue Apron model 54:07 – Final insights and reflections Make sure to take advantage of Derrick's invaluable wisdom! Join the conversation, gain insights, and leave your feedback by giving us a 5-star rating & review ⭐️⭐️⭐️⭐️⭐️ If you're interested in advertising on the Black Wealth Renaissance podcast, please email [email protected] for further inquiries. 📧 For Business Inquiries: [email protected]   ★Subscribe on YouTube Black Wealth Renaissance - YouTube Keep Up With the Guest Derrick Hayes  https://www.instagram.com/officialdhayes/ https://www.linkedin.com/in/derrick-hayes Keep Up With the Hosts David Bellard  https://instagram.com/david_bellard https://twitter.com/daviddagoliath_ Jalen Clark  https://instagram.com/_jclark06 https://twitter.com/jefeklap Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

McDonald's has entered a Minecraft movie universe and Grimmest Birdie and Hamburgler just spawned as new collectibles as part of a Minecraft movie meal with your choice of Big Mac or 10 piece chicken big nuggets with spicy nether flame sauce.

0:12.0

Participating in McDonald's for a limited time of Minecraft movie only in theater.

0:15.0

Make that move, we can't relate to that.

0:17.0

I roll a dice.

0:18.0

If I lose, I'm gonna be shaking back.

0:20.0

Cause lessons learn within the loss just elevate the fact that trial and error Just the only way Ain't no escaping that I wake up mid a hundred push-ups Then I'm at my route Check on my stocks See how they looking Then I'm sliding out When you start seeing your progression You stop having doubts And what's the point i haven't clout you can't cash it out

0:38.2

truth to this game and i'm a life hey feel like we fin to change the cycle hey that's the most

0:43.4

success you know we thriving hey that's more depression for our rivals hey could teach a lesson on survival

0:49.3

hey you know i'm from the bottom what up with it my wealthy people it is your, David, one of the founders of Blackwellth Renaissance.

0:55.7

Here with my brother, Jalen.

0:56.6

What's going with you?

0:51.1

What's good? With it, my brother, man. I'm feeling great, dog. We're back in Atlanta. Well, not back. We're still in Atlanta. Still going crazy. Still going strong. Hell, yeah. Hell yeah. So I'm feeling great, man.

0:52.2

The energy is amazing.

0:53.3

Energy has been up.

0:57.0

And I'm just excited to get this next interview rocking and rolling, bro.

1:14.3

Yes, sir, yes, sir. And just in case y'all didn't know, we were here for the Black Men Summit.

1:10.1

If you didn't come, you played yourself as always. We told y'all about it months out in advance.

1:15.9

It's always a good time to get with brothers. Black men need community. And that's what we did and what we built here.

1:21.3

So that was an amazing event. And this episode is going to be almost like an extension of it. I really wish we could have got them on the summit. But just a little too last minute, but we got them on the pod. So that's like the next best thing, right? I think it's even better. even better. I was about to say it's really probably better, bro. In my opinion. I love the summit with the pod. That's our bread and butter, you feel me? But y'all, as always, we got another great episode playing for y'all today. Before we get into it, y'all, please make sure y'all leave us that five-star rating and review uh it always helps us

1:44.3

grow the show shares with people that's going to benefit so for today right we got a brother

2:01.2

who is absolutely killing it in the restaurant business you're originally from philly right

2:06.4

yeah yeah born and raised out of philly he brought built up uh one of the the probably the dopest cheese steak in the south i don't

...

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