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Founder's Journal

Why Ron Shaich Gambled Everything for Panera Bread

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.8 • 1.1K Ratings

🗓️ 30 October 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Episode 61: A guest Founder’s Journal by an industry veteran. Ron Shaich, founder and former CEO of Panera Bread, shares his early exposure to entrepreneurship and how a personal tragedy led to a personal philosophy that would eventually transform the fast-casual restaurant industry. Send us an email and let us know what you think of the idea! [email protected] #FoundersJournal #Startups #Entrepreneur Listen to Founder’s Journal here: https://link.chtbl.com/OV4W93_W Watch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up, everyone? Welcome back to Founder's Journal, the number one podcast for early-stage entrepreneurs.

0:06.2

I'm back with another Tactics-focused episode where we answer your burning questions.

0:11.8

And today, we are answering a simple but profound question that so many entrepreneurs ask,

0:17.6

how do I make decisions that I won't regret?

0:21.3

And to answer that question, I have invited a world-class entrepreneur onto the podcast.

0:27.0

Ron Shake is the founder and former CEO of Panera Bread, one of the earliest leaders of fast-casual restaurants.

0:34.4

Ron's been in the restaurant business for over 30 years, and he's currently the board chair at Kava,

0:39.7

and is one of the biggest drivers of turning Kava into the powerhouse of fast-casual today.

0:45.4

In this episode, he talks about his natural interest in leading businesses

0:49.6

and how the death of his parents, especially his father, who he had a really close relationship with,

0:55.2

dictated how he would approach life and ultimately business.

0:58.8

Ron preaches how it's never too early to set a goal, and making sure every decision you make thereafter

1:04.4

is in service of accomplishing that goal.

1:07.1

So without further ado, here is Ron Shake.

1:19.6

Being an entrepreneur means juggling a lot of competing priorities,

1:23.6

but reaching your target audience and driving sales should always stay at the forefront.

1:28.0

Fortunately, there's one platform that can help you do both.

1:30.8

TikTok Shop offers a powerful new way to sell and shop on TikTok.

1:35.1

By creating shoppable content, brands and businesses of all sizes can reach new customers

1:40.2

and communities, collaborate with creators, and drive more sales.

1:44.7

Users can discover products, add to their cart, and check out securely within the app.

1:50.0

Experience the platform for yourself and join small businesses and huge brands like

...

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