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WHAT THE HELL DO I DO NOW?

No industry was impacted by COVID-19 more than the restaurant and hospitality industry.
 
Restaurants and bars were forced to close their doors for up to three months. Being left to find innovative ways to stay solvent without a steady stream of in-person customers, restaurant leaders learned a lot and implemented changes that will last for years to come.
 
On June 17, 2021, Randy Gerber sat down with four leaders of the Columbus, Ohio food and beverage scene to discuss their experience during this challenging time.
 
The panel discussion included Stephan Harman - Co-Founder, FUSIAN; James Kosht - CFO, Land-Grant; Mark Stansbury - Co-Owner, Stansbury & Weaver; and Kaz Unalan - Director, Tax & Business Advisory Services GBQ; and was moderated by Randy Gerber of Gerber, LLC.
 
CREATE ADDITIONAL VALUE THROUGH THE USE OF TECHNOLOGY
FUSIAN transitioned from a fast-casual sushi restaurant to a fully integrated grocery delivery service platform, and maximized their purveyors' surplus of produce and dry goods stock during the restaurant shut down by selling the goods through their app.
 
At a time when the grocery supply chain was strained, providing this additional value placed FUSIAN above the rest and doubled their app user base.
 
EXPAND THE EXPERIENCE OF YOUR BRAND TO YOUR CUSTOMERS' EVERYDAY LIVES
The experience of dine-in has changed for good. However, this doesn't mean that your brand cannot follow your customers to their home and allow them to access your products in different ways.
 
For Land-Grant, this meant providing a delivery service to their biggest fans' homes for new craft releases and hosting virtual tastings with their brew experts.
 
PURCHASE AND FUND NEW VENTURES WITH GRANTS AND PERMANENT CAPITAL
New changes to the tax code and the continued uncertainty of the restaurant and hospitality market may make getting loans more challenging for the foreseeable future.
 
However, there are many people looking to spend their money ahead of rising personal tax rates, and rates for capital gains. Raising money through crowdfunding, public or private grants, or even non-fungible can help your business start from a steady foundation.
 
Interested in learning more about what to expect from the restaurant industry? Check out the full recording! https://youtu.be/lFTjhPOJNf0
 
How was your business impacted by the COVID-19 shutdowns? Share with us on Facebook, Twitter and LinkedIn!


INDEX
  • AN ENTREPRENEUR'S PLAYBOOK - PART 3
  • AN ENTREPRENEUR'S PLAYBOOK - PART 2
  • WHAT IS UNIQUE AND DIFFERENT IN VERY SUCCESSFUL PEOPLE
  • WHAT THE HECK IS CRYPTOCURRENCY?
  • AN ENTREPRENEUR'S PLAYBOOK PART 1
  • WHAT THE HELL DO I DO NOW?
  • SUSTAINABLE ENERGY & YOUR SMALL BUSINESS
  • INNOVATE, UPGRADE & DOMINATE
  • RECOVERING FROM THE GREAT PAUSE
  • THE VALUE OF INCLUSIVE LEADERSHIP: PART II
  • THE VALUE OF INCLUSIVE LEADERSHIP
  • DO YOU HAVE WHAT IT TAKES TO BE AN ENTREPRENEUR?
  • DEAL CLOSING IN UNCERTAIN TIMES
  • WHAT IS A CASH FLOW FORECAST AND WHY YOU NEED IT
  • LEADING TO SUCCESS - LEADERSHIP HIRING DURING COVID-19
  • A NEW KIND OF ENVIRONMENT - THE EVOLUTION OF PEOPLE AND PLACE DURING COVID
  • SUCCESS BEYOND THE GREAT PAUSE CONNECTION, CASH, CREATIVITY & COLLABORATION
  • THE STATE OF COLLEGE IN 2020
  • TAKE PAUSE DURING THE GREAT PAUSE: A WEBINAR FOR DENTISTS
  • GET A GRIP! AND GET WHAT YOU WANT OUT OF YOUR BUSINESS
  • YOUR LEASE IS UP, NOW WHAT?
  • LETS TALK PE MINORITY EQUITY: THE ALTERNATIVE SALES STRATEGY
  • BUILDING A BEST PLACE TO WORK
  • GETTING YOUR BUSINESS SECURITY IN CHECK
  • SONGS AT THE CENTER LIVE AT GERBER! PART DEUX
  • MOTIVATING THE HIGH PERFORMERS IN YOUR BUSINESS
  • WHAT YOU DON'T KNOW... WAGE & HOUR LAW IMPACT FOR BUSINESS OWNERS
  • INTELLECTUAL PROPERTY AS A VALUE DRIVER FOR YOUR BUSINESS
  • COMPETITION FOR CASH
  • FOR BETTER OR FOR WORSE
  • HIRING THE RIGHT CONTROLLER FOR YOUR BUSINESS
  • GUYS' NIGHT WITH GERBER
  • LADIES' NIGHT
  • BUSINESS GROWTH MADE SIMPLE
  • SONGS AT THE CENTER. LIVE AT GERBER!
  • UPSTREAM GRATITUDE: CREATING A CULTURE OF GRATEFUL EMPLOYEES WHILE INCREASING YOUR BOTTOM LINE
  • DIGITAL DANGERS AT HOME
  • ORGANIC CONTAINER GARDENING
  • COOK HEALTHY, COOK EASY
  • HIRING IN A HIGH-GROWTH ENVIRONMENT
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