525: The Compassionate Capitalist's Approach with Tom Douglas

525: The Compassionate Capitalist's Approach with Tom Douglas

Author: Inspiring interviews with todays most successful restaurateurs 2-days a wee September 3, 2018 Duration: 1:14:16

Tom Douglas has been cooking Northwest cuisine since 1984, opening his first restaurant, Dahlia Lounge, in 1989. For the last 30 years, he's made a name for himself opening 13 full-service restaurants, an event space, a cooking school, cater company, and product line all under the Tom Douglas. Tom is also known for being a wine collector, author, and radio show host . This 2012 James Beard Outstanding Restaurateur can be found at any of his restaurants on a given day putting in the work along with 1000 of his co-workers to create a successful restaurant group

Show notes…

Favorite Success Quote or Mantra.

"Deliciousness served with graciousness." 

In this episode with Tom Douglas, we discuss: 

  • What graciousness looks like according to Douglas.
  • The value in enjoying the craftsmanship in food.  
  • How the work ethic you bring can change others. 
  • How there is a trend in Seattle of undervaluing food. 
  • Why Tom recommends no one open a business until their 30's.
  • Never taking family's money who can't afford it. 
  • What Tom did wrong in his first business: not leaving any operating capital.  
  • Opening restaurants near one another so you can continue to have a presence at each while scaling.  
  • As you become more successful, never losing sight of how important your early partners and investors were to your success. Don't get greedy when the time comes to pay them back. 
  • Structuring your partnerships with buy out plans in the beginning and clearly defined roles. 
  • Being ready for and forecasting all possible expenses, especially if you agreed to a triple net agreement. 
  • Once in the position, only open additional restaurants when you have your own cash to invest.  
  • How scaling has much to do with recognizing roles, knowing who best for each role, and who wants the role.
  • How being the best often stems from recognizing that you're not the best. 
  • While loyalty is a important, not letting it overrule decisions when it comes to finding the best person for a job. 
  • Certain challenges that come along with Seattle City Council regulating policies. 
  • Your responsibility to take care of your community as a business owner.  

Today's Sponsor

Soundtrackyourbrand.com  Lets You Play 250 Music Channels Guaranteed to Fit Any Type of Business. An Easy-To-Use Dashboard Lets You Find Great Music, Control All Your Locations and Schedule Your Sound.

wisetail.com, A Premier Learning Management System, Wisetail Grew Up Alongside Some of the Most Recognizable Restaurants In the Industry. This Has Helped Shape Their Product and its Functionality Through Real-World Feedback and Rigorous Testing.

 

 

Knowledge bombs

  1. Which "it factor" habit, trait, or characteristic you believe most contributes to your success?

    • Effort.
  2. What is your biggest weakness?

    • Age
  3. What's one question you ask or thing you look for during an interview?

    • Look for people who want to "take care of the village." 
  4. What's a current challenge? How are you dealing with it?

    • Labor. 
    • Douglas is dealing with this challenge by being willing to train and take on staff with little to no skill. 
  5. Share one code of conduct or behavior you teach your team.

    • Respect your team. 
  6. What is one uncommon standard of service you teach your staff?

    • Serve and take care of your team and they'll serve your guest.
  7. What's one book we must read to become a better person or restaurant owner?
    GET THIS BOOK FOR FREE AT AUDIBLE.COM 

    • Read cook books to get inspired to be the best cook you can be. 
  8. Share an online resource or tool.

  9. What's one piece of technology you've adopted in your restaurant and how has it influence operations?

    • Digital Signage.
  10. If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be?

    1. Have friends and treating them with grace.
    2. Respect.
    3. Community.

Contact Info

HotStoveSociety.com 

Tomdouglas.com

Thanks for Listening!

Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them.

And finally, don't forget to subscribe to the show on iTunes to get automatic updates.

Huge thanks to Tom Douglas for joining me for another awesome episode. Until next time!

 

Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Eric Cacciatore sits down with the people who actually run the show in the world of food service. Restaurant Unstoppable with Eric Cacciatore is built on conversations with established restaurateurs and seasoned professionals who have navigated the intense realities of the industry. Twice a week, these interviews dig past the surface, focusing on the tangible details of leadership, team management, and effective marketing that separate a thriving venue from a struggling one. You’ll hear firsthand accounts of what worked, what didn’t, and the often-overlooked decisions that shape a restaurant's path. This podcast serves as a direct line to collective experience, whether you're dreaming of your first opening or steering a multi-location group. The dialogue is practical, centered on the daily grind and long-term strategy needed to build something lasting. For anyone invested in the business of hospitality, these regular episodes compile a vital resource, turning shared insights into actionable knowledge for your own journey.
Author: Language: English Episodes: 1000

Restaurant Unstoppable with Eric Cacciatore
Podcast Episodes
360: Build cultures not concepts with Brooks Tanner [not-audio_url] [/not-audio_url]

Duration: 1:10:31
Chef Brooks Tanner Studied at Cornell University. Brooks is known for his underlining team building abilities and fiscal awareness. His passion is building concrete infrastructures to support high-quality services and ed…
359: Learning from your mistakes with Jeffrey Lizotte [not-audio_url] [/not-audio_url]

Duration: 1:25:42
Raised in Simsbury, CT, Jeff Lizotte is a Cornell graduate whose culinary résumé includes experience at David Bouley's Danube and Eric Ripert's Le Bernardin in New York City. During two years in France, he worked for Bor…
358: Fan Mail Friday #1 with Rudy Miick [not-audio_url] [/not-audio_url]

Duration: 39:00
Want access to my network of consultants? Email or direct message me your Q's and I'll get an expert on the show to answer them! eric@restaurantunstoppable.com or @ericcacciatore I've never claimed to have all the answer…
357: Changing the flow with Bryan Gibb [not-audio_url] [/not-audio_url]

Duration: 1:22:17
Bryan Gibb is the founder of Bolt Coffee Co. Over 4 years ago Bolt Coffee Co. carved out a niche by starting as a mobile coffee catering cart which focused on weddings and other events. They have since scaled into their…
356: Finding great partners with Josh Childs and Beau Sturm [not-audio_url] [/not-audio_url]

Duration: 1:08:06
Today we're sitting at the Paddle Inn, Josh Childs, Beau Sturm, and Suzi Maitland's newest restaurant, located in Newburyport, MA. In addition to the Paddle Inn, the restaurant group also operates Trina's Starlite Lounge…
355: Twice as strong with Michael Krupp [not-audio_url] [/not-audio_url]

Duration: 1:19:54
Michael Krupp is an eclectic, impassioned businessman with a proven history of pushing Boston's restaurant and retail boundaries, he co-owns and oversees business development at Area Four's three locations including an A…
353: Divine foods and heavenly spirits with David Kennedy [not-audio_url] [/not-audio_url]

Duration: 1:19:55
It was in Boston, MA where David Kennedy got his start in the restaurant industry, as a part-time bartending while working towards his MBA. Today, David is the founder of The Holy Grail, located in Epping, NH, which has…
352: Get back your time with Nandkumar Awatramani [not-audio_url] [/not-audio_url]

Duration: 36:14
To Nandu's FREE "GET BACK YOUR TIME COURSE" -->https://www.myrpac.com/course/get-back-your-time-training/?ref=5 (limited time) To Nandu's "Profit Accelerator Master Course" ---> https://www.fandbbusinessschool.com/rpac-p…
351: Profits and happiness with Nandkumar Awatramani [not-audio_url] [/not-audio_url]

Duration: 1:24:37
Nandu is a third generation Hospitality Entrepreneur with 18 years in the hospitality industry. He is based out of New Orleans, Louisiana, USA and helps restaurateurs and other F&B business owners make more money, get th…