In this episode, Michael reconnects with guest Josh Kopel, a former restaurateur turned industry consultant, five years after their initial conversation. They discuss the significant transformations Josh has experienced since 2020, including selling his restaurant group due to burnout and launching the 'Full Comp' podcast. Josh shares insights into his journey of learning the skill of translating knowledge into value and creating the 'Restaurant Scaling System.' The discussion dives deep into the common pitfalls in the restaurant industry, including the misconception between more work and more money, the importance of focusing on profitability, and leveraging high-value tasks. They also explore the role of AI in amplifying business efficiency and the critical shift from being service-oriented to strategically aligning business models with market demands. Josh emphasizes the importance of having clear financial goals, delegating effectively, and adopting high-leverage activities. He concludes with valuable lessons learned from industry experts and personal experiences, offering a comprehensive guide for restaurant owners to achieve financial freedom, time freedom, and freedom from overwhelm.Connect with Josh:<a href="https://joshkopel.com/" rel="noopener noreferrer" target="_blank">https://joshkopel.com/</a><a href="https://www.linkedin.com/in/joshuakopel1/" rel="noopener noreferrer" target="_blank">https://www.linkedin.com/in/joshuakopel1/</a><a href="https://pages.joshkopel.com/challenge" rel="noopener noreferrer" target="_blank">https://pages.joshkopel.com/challenge</a><a href="https://restaurants.yelp.com/restaurant-resources/full-comp-podcast/" rel="noopener noreferrer" target="_blank">https://restaurants.yelp.com/restaurant-resources/full-comp-podcast/</a>Podcast Eps with Warren Rustand <a href="https://open.spotify.com/episode/3782vwv3jzfTytmjQ2mTUU?si=6cBO4a3pRYmnDc0aNZAl3g" rel="noopener noreferrer" target="_blank">https://open.spotify.com/episode/3782vwv3jzfTytmjQ2mTUU?si=6cBO4a3pRYmnDc0aNZAl3g</a>Book recommendation:"Come up for air" <a href="https://uk.bookshop.org/a/8596/9781400243846" rel="noopener noreferrer" target="_blank">https://uk.bookshop.org/a/8596/9781400243846</a>Connect with the podcast<a href="https://colossal-designer-2784.ck.page/40ada1483a" rel="noopener noreferrer" target="_blank">Join the Hospitality Mavericks newsletter</a>Tune in via your favourite podcast platform - <a href="https://hospitality-mavericks.captivate.fm/listen" rel="noopener noreferrer" target="_blank">here </a>More episodes for you to check out <a href="https://www.hospitalitymavericks.com/" rel="noopener noreferrer" target="_blank">here</a> This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy

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#296 Josh Kopel - Founder Restaurant Scaling System - From Burnout to Business Breakthrough

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