EP: 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

⏱️ 66 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	This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.
0:08.0	Like sneaking some chili into the gravy for some extra ink, or building a playlist that will even get your
0:14.8	none up on the table or just cracking open an ice cold Pepsi Max.
0:20.1	Christmas better with Pepsi Max Christmas.
0:23.0	Better with Pepsi Max. If I lose gonna be shaking back because lessons learn within the laws just elevate the fact that trial and error just the only way
0:36.7	Ain't no escaping that I wake up hit a hundred push-up then I'm at my route check on my stocks.
0:42.1	See how they're looking then I'm sliding out
0:44.1	When you start seeing your progression you stop having doubts and what's the point I haven't
0:48.9	clout you can't cash it out truth of this game and I'm a life a a feel like beef gonna change the cycle a What up with it?
0:53.0	with it's gonna change the cycle a
0:55.0	that's most success you know we're thriving a that's the most depression for our rivals a
0:59.5	could teach a lesson on survival a you know him from the bottom What up with it? My wealthy people it is your boy David one of the
1:06.4	founders of Black Wealth Renaissance here with my brother Jayland was with you.
1:09.6	What's good with it my brother man? I'm feeling great dog. We back in Atlanta. Well we're not back we still in Atlanta
1:15.8	Still going crazy still going strong
1:17.7	Yeah, hell yeah, hell yeah, so I'm feeling great man the energy is amazing energy been up and I'm just excited to get this
1:24.6	next interview rocking and rolling bro yes sir yes sir and it's just in case
1:28.1	y'all didn't know we were here for the Black Men's summit if you didn't come you
1:31.9	played yourself as always we told y'all about it months out in advance
1:35.8	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 so that was an
1:42.3	amazing event and this episode is going to be
1:45.2	almost like an extension of it. I really wish we could have got them on the
	...

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