Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. It is not easy running a company, especially in a fast-paced, ever-changing business world. Technology advances, new hiring strategies, and now, political changes coming with the new administration, all add to the existing business challenges that entrepreneurs, business owners, and executives have to deal with.
Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves.
Below is our interview with Paul Greenberg, Partner at American Social Bar & Kitchen:
What does your company do?
Our company brings people together to have a great time over comfort food classics, craft beer, and great company. We are Florida's premier sports bar. We are here to help our guests relax and enjoy themselves. We created a place we would love to come to and have met some of the most amazing people in that time. We have three locations Ð one in Fort Lauderdale, which was our first, one in Brickell Miami, which was our second, and most recently, Tampa Bay. We have been in business for six years.
What is your role? What do you enjoy most about your role?
I'm one of the managing partners of American Social Bar & Kitchen. I, along with my partners, get to oversee the entire operation of the business. From the design of the restaurants to the food that goes on the menu, to the spirits we carry. It is a lot of fun. We get to interact with over 300 coworkers who are like family to us. Building relationships with our guests and every employee of American Social is something I love.
What are the biggest challenges in your business right now?
Right now, our greatest challenge is the time it takes to run a successful business. The restaurant industry calls for a lot of hours. I am lucky to have an understanding wife and children. Another challenge is the actual distance between our locations. Having three locations that are all over the state (with more coming) makes it tough to get to each store daily as I like to do most of the week. I am learning to create a schedule that gives me a fair amount of time with each store now.
If you could go back in time, what business advice would you give to a younger version of yourself?
I think I would say don't be afraid to go for it. It took me a long time to risk everything and make a move. I had a great job with great people, and it took me some time to put it all on the line. I would also remind myself to travel and learn more. It is great traveling and experiencing other innovative concepts. I have begun to do that now and really enjoy trying new food and drinks. It gets the creative juices flowing.