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    #AskGaryVee 280 | Restaurateur Danny Meyer

    enMarch 22, 2018

    Podcast Summary

    • The Power of Kindness in Personal and Professional SuccessKindness is a valuable trait that leads to building meaningful relationships and achieving personal growth. It's a powerful force that can deepen our understanding of our own successes and the connections we've made.

      Kindness, though not always explicitly acknowledged, plays a significant role in both personal and professional success. Gary Vaynerchuk and Danny Meyer, despite having different career paths, discovered their shared values and the impact of kindness on their lives. Kindness, for Meyer, was instilled in him from a young age by his mother. For Vaynerchuk, it's a more recent discovery but a powerful one that has brought him closer to people he admires and respects. Their shared belief in the importance of kindness, combined with their individual successes, underscores the idea that kindness is not only a valuable trait but also a key to building meaningful relationships and achieving personal growth. Additionally, the discussion highlights the importance of being aware of one's own experiences and the impact they have on our lives. By recognizing and acknowledging the role of kindness, Vaynerchuk and Meyer have deepened their understanding of their own successes and the connections they've made along the way.

    • Gratitude and listening are keys to success and making a positive impactExpress gratitude, listen intently, and strive to leave things better than you found them to make a positive impact on the world.

      Gratitude and listening are key to success and making a positive impact on the world. Gary Vaynerchuk shared his passion for helping his father and his natural ability to listen, which led him to excel on Twitter. Gratitude was also a recurring theme, with both speakers expressing appreciation for their parents and the opportunities they had in life. The speaker, a restaurateur, emphasized the importance of leaving things better than you found them and giving more than you take. These themes of gratitude, listening, and making a positive impact can inspire us all to live our best lives and make a difference in the world.

    • Danny Meyer's Competitive Spirit and PatienceDanny Meyer, known for Union Square Events, strives for excellence through patience and self-improvement, seeing competition as a means to outdo personal bests, not just beat others.

      Danny Meyer, the CEO of Union Square Events, is a highly competitive individual who strives for excellence both in business and in personal growth. Meyer's company, Union Square Events, is known for producing large events and parties, as well as providing food services in ballparks and on Delta flights. Meyer believes in the importance of patience and has demonstrated it throughout his career, from running a liquor store for 13 years to building Shake Shack into a successful business. Meyer also shared his thoughts on competition, identifying four types of competitors: those who are motivated by the desire to beat someone else, those who hate losing, those who compete to outdo their own personal best, and those who are not competitive at all. Meyer sees himself as the fourth type, always striving to improve himself and his business, regardless of who he beats or loses to. Meyer's competitive spirit, combined with his focus on employee satisfaction and quality, has made Union Square Events a leader in the food industry. He encourages entrepreneurs to surround themselves with competitive individuals and to understand their own motivations in order to be successful.

    • The Complexity of Human Behaviors and EmotionsPeople exhibit different behaviors and emotions in various aspects of life, even if they seem contradictory. Recognizing and accepting these parts of ourselves and understanding what motivates others can help us connect with them.

      People, including ourselves, are complex beings who exhibit different behaviors and emotions in various aspects of our lives. Using the example of sports fandom, the speaker shares how they are extremely competitive during the game but become friendly and supportive afterwards. This duality can also be seen in other areas of life, such as work or relationships. It's essential to recognize and accept these different parts of ourselves, even if they may seem contradictory. Additionally, the speaker emphasizes the importance of understanding what motivates others and using that knowledge to connect with them. In the case of the speaker and their friend Trout, the desire to compete and win on the tennis court is balanced by a genuine interest in each other's lives off the court. Overall, the conversation highlights the complexity and richness of human experiences and relationships.

    • An accidental creation born out of generosityDaily Provisions, a small bakery and café, started as a gift to the neighborhood and has become a beloved destination for amazing bakery items, coffee, sandwiches, and rotisserie chicken, with a focus on every item being a category killer.

      Daily Provisions, a small bakery and café located next to Union Square Cafe in New York City, was an accidental creation born out of a desire to give the neighborhood a gift. The menu features category-killing items, such as the Schnecken, which has become the best in the game. The café's success story started when Union Square Cafe lost its lease and found a small space next door, which used to be a barbecue dive bar called Duke's. Despite its humble beginnings, Daily Provisions has become a beloved destination for amazing bakery items, coffee, sandwiches, and a rotisserie chicken for dinner. The team behind Daily Provisions believes that every item on the menu must be a category killer to make it there. The accidental creation has now turned into a real business, with 168 Shake Shacks and one opening in Denver.

    • Creating a loving environment in restaurantsRestaurants have a deep emotional impact on customers and employees, serving as an extension of people's lives and providing a sense of family and love. Successful restaurants prioritize this emotional connection, leading to positive impacts on communities and daily life.

      According to Danny Meyer, the responsibility of a restaurant goes beyond just serving good food. It's about providing love and care to both customers and employees. He emphasized the emotional connection people have with food and how letting someone down in a restaurant can lead to strong reactions. Restaurants serve as an extension of people's lives, providing a sense of family and love that may be missing in other areas. For employees, the happiness or sadness they feel at work is deeply connected to the restaurant's ability to provide this emotional connection. As a result, restaurants have a significant impact on their communities and should strive to create a positive and loving environment for all. Additionally, New Yorkers spend a large amount of time in restaurants due to the small living spaces, making them an essential part of daily life. Meyer's success in the industry is a testament to the power of this emotional connection, and his upcoming role at Cava Grill is a new opportunity to continue making an impact in the food world.

    • Staying humbly driven and focused on growthEntrepreneur Gary Vaynerchuk continues to work passionately, surrounds himself with champions, embraces criticism, and strives for continuous growth, inspiring others to do the same.

      Gary Vaynerchuk, a highly successful entrepreneur and restaurant industry influencer, remains humbly driven by his competitive spirit and constant desire for improvement, even after achieving great success and accolades. He continues to work passionately and surrounds himself with champions, inspiring others to do the same. Despite the challenges and criticism, he embraces being held to a higher standard and strives for continuous growth. His legacy in the industry is a source of pride, but he remains focused on the journey and the learning experience rather than resting on his laurels.

    • The Future of Restaurant Marketing: Social Media vs. Traditional PRIn today's market, social media presence is vital for restaurant success, while traditional PR methods like getting reviewed by Eater or Grub Street still hold value but are becoming less important as technology and social media expand reach.

      While having a strong social media presence is crucial for restaurant success in today's market, traditional PR methods like getting reviewed by Eater or Grub Street still hold value. However, the future of restaurant marketing is heading towards a greater emphasis on social media as opposed to high-priced PR agencies that don't focus on it. The wine industry provides a parallel, with Robert Parker and Wine Spectator once being the gatekeepers, but now technology and social media allowing for a wider reach. Traditional PR companies that charge hefty fees for getting articles or TV appearances are becoming obsolete in this direct-to-consumer world. But it's important to remember that a strong social media presence doesn't guarantee a successful restaurant business; the food and service still need to deliver on the social media sizzle.

    • Shift from traditional PR to social media and podcastingBusinesses prioritize social media and podcasting over traditional PR for storytelling, reaching larger audiences, and involving team members.

      Businesses have shifted their focus from traditional public relations to social media and podcasting as more effective ways to tell their own stories directly to consumers. Gary Vaynerchuk shared his experience of this shift in his own company, where 80% of internal spend was previously on public relations but is now on social media and podcasting. He emphasized the importance of podcasts as a form of media that can reach millions of people who only consume information in that format. Vaynerchuk also praised the ability to create impactful media without requiring a lot of time and involving team members from all levels of the organization. He encouraged creating a daily podcast that could be hosted by different team members to reach a wider audience and help achieve business objectives.

    • Leveraging Social Media for Restaurant MarketingIdentifying the right platform and audience, having dedicated management, and clear communication are key to effective restaurant marketing using social media.

      Effective marketing, especially for high-quality dining experiences, can significantly boost a restaurant's growth. Gary Vaynerchuk, a marketing expert, shared his experience of leveraging social media, specifically Snapchat, to increase visibility for a restaurant in Norway, which has the deepest Snapchat penetration globally. He emphasized the importance of identifying the right platform and audience, as well as having someone dedicated to managing and creating engaging content. Danny Meyer, a renowned restaurateur, agreed and added that even if a restaurant delivers on quality, it may not reach its full potential without proper marketing efforts. He also shared a humorous anecdote about a customer who traveled hours to a restaurant based on a misinterpreted recommendation, highlighting the importance of clear communication. Overall, the conversation underscores the importance of marketing in the restaurant industry and the potential impact of social media and dedicated management in reaching new audiences and maximizing growth.

    • The Importance of Social Media for BusinessesBusinesses risk losing potential customers and falling behind competitors by ignoring social media. Allocate resources accordingly and establish a strong online presence to engage with audience and stay competitive.

      In today's digital age, businesses can no longer afford to ignore modern communication channels, especially social media. The speaker argues that the owners of establishments who dismiss social media as insignificant are missing out on potential customers and are at risk of being left behind. He emphasizes the importance of following the money and allocating resources accordingly. For instance, if a business owner claims to be bullish about social media but only dedicates a small portion of their budget to it, their actions belie their words. The speaker also highlights the evolution of word-of-mouth recommendations and how they have shifted from traditional media to social media. In the future, voice assistants like Alexa are expected to play a significant role in influencing consumer decisions. Therefore, businesses need to be proactive and establish a strong online presence to engage with their audience and stay competitive.

    • Effective Communication in the Rapidly Changing LandscapeMuhammad Ali's communication skills built a powerful brand. Adapt to various platforms, engage in dialogues, and combine convenience with personal touch in the restaurant industry.

      In today's rapidly changing communication landscape, it's crucial for individuals and businesses, including the restaurant industry, to adapt and excel in various platforms. Muhammad Ali serves as an excellent example of using communication effectively to build a powerful brand. While it's essential to produce a great product, being an effective communicator is equally important. Social media, such as Twitter and Instagram, offers opportunities to tell your own stories and engage in dialogues, even if you're not a native speaker of every language. The restaurant industry can still create a social atmosphere, but finding ways to combine the convenience and speed that consumers want with the personal touch and warmth we're used to is a significant challenge. As Danny asks, "How can we combine what people want with the hug we're used to giving in our own places?" It's a question worth pondering as we navigate this new era of communication.

    • A $10,000 immersive experience for business growth with VaynerMediaInvest in a day of personalized advice and strategies from industry expert Gary Vaynerchuk and VaynerMedia's teams for potential business growth and transformation

      VaynerMedia's Daily Digital Deep Dive (4D's) consulting product offers businesses an opportunity for significant growth. This immersive $10,000 experience provides access to VaynerMedia's creative, media, and consulting strategy teams. During this day, business owners receive personalized advice and strategies from industry expert Gary Vaynerchuk. The results have been impressive, with numerous businesses reporting substantial growth after attending. For instance, one business went from doing 280,000 to 2,200,000. Interested parties can sign up for the 4D's event on VaynerMedia.com or GaryVaynerchuk.com under the events tab. This investment in knowledge and expertise could potentially transform your business.

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