Danny Meyer, Founder of Shake Shack - How to Win, The 4 Quadrants of Performance, and More
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- čas přidán 27. 06. 2024
- Brought to you by Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating eightsleep.com/Tim, Athletic Greens’s AG1 all-in-one nutritional supplement athleticgreens.com/tim, and LinkedIn Marketing Solutions marketing platform with 900M+ users / tfs
Resources from the episode: tim.blog/2023/04/06/danny-meyer/
Danny Meyer (@dhmeyer) is the founder and chairman of Union Square Hospitality Group (USHG), which comprises some of New York’s most beloved and acclaimed restaurants, including Gramercy Tavern, The Modern, Maialino, and more. Danny and USHG also founded Shake Shack, the modern-day “roadside” burger restaurant, which became a public company in 2015.
Danny is the author of the New York Times bestseller Setting the Table, which articulates a set of signature business and life principles that translate to a wide range of industries. He is the recipient of the 2017 Julia Child Award and was named by Time magazine as one of 2015’s 100 most influential people. Danny and USHG’s restaurants and individuals together have won an unprecedented 28 James Beard Awards, including Outstanding Restaurateur in 2005.
Please enjoy!
00:00 Start
01:32 The meaning behind Maialino.
05:23 Control vs. surprises.
7:26 A pivotal conversation.
17:10 Converting the cranky.
19:50 ABCD: Always be collecting dots; always be connecting dots.
23:22 Danny’s first steps to chefdom.
28:04 Being paid the worst to learn from the best.
32:21 How business is like gardening.
38:21 A virtuous cycle of stakeholders.
41:56 The politely genuine decline.
48:29 Six qualities Danny looks for when hiring.
55:23 Work ethic lessons from Theo Epstein.
1:03:26 Should they stay or should they go?
1:14:54 Softly landing from a favorite failure.
1:23:25 Taking on tipping culture.
1:40:00 51 percenters.
1:14:18 Most gifted books.
1:42:47 Seth Godin is a mensch.
1:45:02 Danny’s billboard.
1:46:20 Hope vs. optimism.
1:48:34 Parting thoughts.
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Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running. - Jak na to + styl
Brought to you by Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating eightsleep.com/Tim, Athletic Greens’s AG1 all-in-one nutritional supplement athleticgreens.com/tim, and LinkedIn Marketing Solutions marketing platform with 900M+ users linkedin.com/tfs
I had the pleasure of working for Danny when we both had black hair. He absolutely set me on an amazing career trajectory managing restaurants, nightclubs in Lake Tahoe and ‘Living the Dream.’ I always refer to him as my mentor. Thank you Danny! (You too Tim:)
Awesome story, thanks for sharing. Just learned about him after looking into the Japanese hospitality concept of omotenashi - and kept seeing him come up. I plan to pick up his book eventually, the interview he did with Tony Robbins was great!
I really needed this today. Every time I lose my way in hospitality, hearing Danny Meyer gets me back on track. Thank you Tim for this content!
There are sooooo many great lessons here. Thank you Danny and as always thank you Tim.
Brazil 🇧🇷
Learning English for watch Tim Ferris
..Thank you soo much Tim & Danny ☺️!
Really nice messages here in this episode. Make kind assumptions and intentions of others. ❤
Lots of big takes-4 Quads, how to close a business well with respect and kindness, but I think Danny’s early experiences is key; TRAVEL and do it a lot! Much love.
I love him
7:50 Hospitality is the opposite of conflict (eg. being a lawyer). It's about bringing people together.
29:30 To really build your career you want to learn from the best - and to get your foot in the door to learn from the best you need to be willing to work for little to nothing.
38:30 5 Stakeholders - EMPLOYEES are #1. Think of them as volunteers with many options and opportunities. The only way to motivate volunteers is with a HIGHER PURPOSE (changing the world, what impact on the world & your community does your business have?)
51:50 Look for people who love to win and want to be a champion. God given talent and bloodlines is nothing without crazy hard work and training. What's the motivation behind what makes someone competitive?
Brazil is conected
What a fantastic human beinf
I like assuming the best intentions of people. I have thought about it lately, and it's true. It's natural to make assumptions and negative ones because it's a natural bias. But this can limit perspective too, and we don't know for certain. Charitable assumptions/perspectives rather than defensive or self-centred ones are more likely to bring out the best in people and situations. I assume a lot when I get emails at work, and my own personal bias tries to fill in the gaps because the other person is not in front of me.
That's great! Assuming the best intentions of people can definitely lead to more positive and productive interactions. It's easy to fall into the trap of assuming negative intent, but by giving people the benefit of the doubt, we open ourselves up to more possibilities and can build better relationships.
Tim's house is so big he can podcast from another room every other day
Lol. I want to know who his interior designer is ;)
Yes
I just gave you the book
About the tipping "culture", this is something we had in France some times ago, now we're kind of done with it. The main problem with any system that relies on tips to pay anyone is that it's basically institutionalized begging... Here is a French video from the epoch when a lot of work was still relying on the "service", making people beg for their right to be paid with their client. You can see both points of view, very instructive: czcams.com/video/mlsqAnYLUnI/video.html
What are your thoughts on electrolysed water?
Morale of the the story have good connections when you are young from your parents
Innovator's Dilemma at 1:00:00.
👍
Set clear goals: Define what you want to achieve and be specific about the outcome you desire.
Develop a plan: Break down your goals into actionable steps and create a roadmap for how you will achieve them.
Stay motivated: Stay focused on your goals and remind yourself why they are important to you. Celebrate small wins along the way to keep yourself motivated.
Learn from failures: Failure is a natural part of the learning process. Use it as an opportunity to identify what went wrong, make adjustments, and try again.
Take action: Once you have a plan, take action and start working towards your goals. Consistent effort and persistence are key to achieving success.
Continuously improve: Stay open to feedback, learn from others, and continue to develop your skills and knowledge.
Remember, winning is not just about the end result, but also about the journey and the personal growth that comes with it.
The world is always moving and if you don't keep moving you will not keep up..
At 1:30, talking about eradicating the tipping system but not managing because then you are not allowed to take any tips at all: From a European/German perspective, that sounds crazy. Why not pay them a good base salary and let them keep the tips on top?
I guess we (Germans) are in the group of "lousy" tippers abroad, because here you tip the server around 10%, if the service was good. But they get that money on top of a regular salary which was just lifted countrywide (you now have to pay a minimum salary).
First woo
Why they pick you related to Luke
Guys hang out with Luke terrorizing me every day
5th
What is the point of this episode ?