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

Black Wealth Renaissance

REVOLT

Business

4.8 • 1.1K Ratings

🗓️ 29 November 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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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	Club Card accepted. This Christmas at Tesco get half price on large beef roasting joints,
0:05.3	now only six pounds per kilogram from 12 pounds per kilogram with club card prices. Helping you become more Christmas.
0:13.0	Oh, Tesco!
0:15.0	Every little helps.
0:16.0	Most large stores be Fence 28th of December excludes Wush Club Carder
0:19.3	Up required. That move can't relate to that. I roll the dice if I lose
0:23.6	I'm gonna be shaken back because lessons learned within the laws just elevate the fact that
0:28.0	trial and error just the only way ain't no escaping that I wake up hit a
0:32.2	hundred push-ups then I'm at my route, check on my stocks, see how they
0:35.7	look and then I'm sliding out. When you start seeing your progression, you stop having doubts. And what's the point I haven't clout?
0:42.1	You can't cash it out.
0:43.4	Truth of this game but now my life for a feel like we're gonna change the cycle
0:47.7	A that's most success you know we're thriving.
0:50.1	A that's more depression for our rivals a could teach a lesson on survival. Hey,
0:53.0	could teach a lesson on survival,
0:55.0	you know him from the bottom.
0:56.0	What up with it, my wealthy people,
0:58.0	it is your boy David, one of the founders of Black Wealth Renaissance.
1:01.0	Here with my brother Jaylan, was here with you? What's good with it,in, was here I'm with you?
1:03.0	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.
1:09.0	Still going crazy, still going strong.
1:11.0	And you feel? Hell, yeah 2. Hell yeah.
	...

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