Big Shot
Big Shot
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The Godfather Of Fast Casual | Ron Shaich (Panera, CAVA)
When you think about a "convenience store manager," you probably don't imagine a future billionaire. But that's exactly the path Ron Shaich took from humble beginners selling Tollhouse cookies to a $7.5 billion restaurant empire. In this episode of Big Shot, Harley Finkelstein and David Segal welcome Shaich, the founder of Panera Bread, who shares his incredible journey from a nonprofit convenience store to his pivotal decision to create Panera Bread. Ron is a master at finding the trends others can't see before becoming popular. He shares the challenges and successes that defined his path, highlighting the power of adaptability and innovation. And breaks down the difference between risk-taking and risk-avoidance, and how leaning into one over the other can lead to incredible success.
The episode is filled with incredible takeaways, including:
• How Ron has the best-performing restaurant stock of all time (44x return compared to the S&P 500)
• Why his first store in college was a spite store
• What he learned from his IPO with Au Bon Pain
• How he created an entirely new category, “Fast Casual”
• And so much more
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In This Episode We Cover:
(02:35) Ron’s early years growing up in New Jersey in a family of left-wing political activists
(07:50) Ron’s gap year working for a congressman
(09:45) How a false accusation of shoplifting prompted Ron to open a convenience store
(14:50) How Ron fell in love with business and his time at Harvard Business School
(19:28) The rewards of entrepreneurship
(20:40) What business has in common with politics
(23:22) How Ron made money selling flea collars in college
(26:00) Why Ron got his inheritance early
(27:35) Ron’s work in DC as President of Targeting Systems
(29:08) How Ron opened The Cookie Jar in Boston
(31:43) Ron’s partnership with Au Bon Pain’s founder Louis Kane
(39:44) Ron and Louis’s exceptional friendship and partnership
(42:25) The importance of empathy and the insights that it brought Ron
(48:35) How Ron created a brand new category, bakery cafe
(51:50) How Ron felt right before Au Bon Pain’s IPO
(53:00) The downsides of going public
(54:50) Ron’s means, ends, and by-products framework
(57:20) What Ron learned from watching his parents face death
(1:00:13) How Ron organized his life
(1:03:35) Ron’s purchase of the St. Louis Bread Company
(1:07:28) How Ron’s trend studying led him to fast casual dining
(1:13:52) The transformation of St. Louis Bread into Panera
(1:15:33) Why Ron decided to sell Au Bon Pain to focus on Panera
(1:20:25) The rapid growth stage of Panera
(1:22:51) Ron’s philanthropy with No Labels and Panera Cares
(1:25:14) The painful journey of transforming Panera
(1:32:09) Thoughts on success, chutzpah, and the Jewish entrepreneurial spirit
(1:34:28) Why entrepreneurs are risk avoiders
(1:35:34) Why Ron sees building organizations as a way to impact the world positively
(1:37:44) Ron’s investment company, Act 3, and the problem with short-termism
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Where to find Ron Shaich:
Website: www.ronshaich.com/
LinkedIn: www.linkedin.com/in/ronshaich/
X: x.com/shaich
Facebook: shaich
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Where To Find Big Shot:
Website: ⁠www.bigshot.show/
TikTok: www.tiktok.com/@bigshotshow
Instagram: ⁠ bigshotshow
Harley Finkelstein: ⁠ harleyf⁠
David Segal: ⁠ tea_maverick⁠
Production and Marketing: ⁠⁠penname.co
Переглядів: 3 255

Відео

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КОМЕНТАРІ

  • @stevenmichaelmarlowe
    @stevenmichaelmarlowe 16 годин тому

    Great podcast, just discovered this channel. Great guest, wow! If I make it to 80yo, I can only hope to be that sharp and articulate! Bravo. The anti-Semitic politics, I never understood the value of cutting out a segment of society that has been such a benefit to it….then again, someone has to buy pick-up trucks, right?

  • @THirschhorn
    @THirschhorn 2 дні тому

    Absolutely loved every second of this ❤

  • @pburnzzz9260
    @pburnzzz9260 2 дні тому

    All for Israel. Pariah state.

  • @imagine_xd
    @imagine_xd 2 дні тому

    what building is the topping out beam on display in the interview scene from?

  • @seanmichael1524
    @seanmichael1524 3 дні тому

    “I was calling you Larry!”

  • @eileenheckelxx
    @eileenheckelxx 5 днів тому

    Great interview, but these interviewers would benefit from embracing pauses in conversation and letting Ron elaborate. Match his calm energy versus talking a mile a minute and interrupting/ talking about yourself

  • @bradpnw1897
    @bradpnw1897 6 днів тому

    Real wisdom

  • @howardhaimhelfgott4494
    @howardhaimhelfgott4494 7 днів тому

    WOW Guys Excellent Video Interview Luved it.. Lets Do more.! i have Great People to Interview

  • @Stefanonymous
    @Stefanonymous 7 днів тому

    Huh? Lack of integrity? Or too much integrity? Or too much pride? What's going on? Give him his wedding gift and get the $10 mil renewal. It takes forever to find a client for those kind of huge leases. They're usually made for specific clients mind even, especially in certain regions. That's just part of the biz. To call it integrity, nahh. That's not integrity. Nothing illegal about a wedding gift. Even if you do business. Perfect opportunity to pick up a client long term. Or piss them off and lose millions of dollars.

  • @mohamedndiaye4795
    @mohamedndiaye4795 7 днів тому

    You guys just need to keep your mouth shut. You need to learn to listen a lot instead of yapping unnecessary comments while this old man explained to you LIFE.

  • @abdullahk8691
    @abdullahk8691 8 днів тому

    One of the few clever people I've come across

  • @ChristopherLydon-il6ih
    @ChristopherLydon-il6ih 10 днів тому

    Integrity and honesty

  • @jimnaz8874
    @jimnaz8874 11 днів тому

    My wife would've said: Sweetheart dream on, keep driving

  • @ravedisc
    @ravedisc 11 днів тому

    Larry September Silverstein. What a visionary.

  • @ravedisc
    @ravedisc 12 днів тому

    Just the voice, that tone, tells you everything you need to know.

  • @didemakpinar1154
    @didemakpinar1154 12 днів тому

    the blandest culture in the world. a huge void

  • @janofb
    @janofb 13 днів тому

    Congratulations on your daughter's wedding. I'm saving for 2 daughters weddings.

  • @user-qu8vu9nk6y
    @user-qu8vu9nk6y 13 днів тому

    Some people work hard to get to the top & someone people b.s there way to the top use what ever works for you✌🏽.

  • @Brancononordeste
    @Brancononordeste 13 днів тому

    He lied to the caller and profited from it.

  • @patrickdoherty6211
    @patrickdoherty6211 13 днів тому

    these two interviewers are incredibly phony and over the top in their admiration for this man. its Cringe.

  • @EM-tx3ly
    @EM-tx3ly 14 днів тому

    It’s a trap and even if he earned a fortune from that deal it would have been used against him

  • @EwaRiro
    @EwaRiro 15 днів тому

    🙌🏿🏆 - nothing moves till you make moves

  • @Gnashercide
    @Gnashercide 15 днів тому

    Very Lucky

  • @TheyCallMeRabbit98
    @TheyCallMeRabbit98 16 днів тому

    It’s the about the baguette. It’s about by the means to make a sandwich

  • @murats9679
    @murats9679 16 днів тому

    Они раздражают меня эти два ведущих как дети инфанты

  • @RobertSoul123
    @RobertSoul123 17 днів тому

    26:15 Not the only time he did that.

  • @claybob
    @claybob 18 днів тому

    These young guys can’t believe how easy it was for this old man to make money and be successful. No way you could pull that off now. Older generations had it easy.

  • @huebothedog665
    @huebothedog665 19 днів тому

    Insurance companies had to pay out their life savings to this guy and couldn’t find anything on him but Mr youtuber commenter over here got 9/11 figured out

  • @ghouse419
    @ghouse419 20 днів тому

    Excellent! Thank you for sharing this. 👍 /🇨🇦

  • @jerrodyeomans464
    @jerrodyeomans464 20 днів тому

    Had money to begin with. Got it

  • @MrMarkjp9
    @MrMarkjp9 20 днів тому

    Is that , that poxy flag in the background

  • @guillermozalles9303
    @guillermozalles9303 20 днів тому

    A jew in new york, was an unlikely candidate for success? Ok, yeah, sure, right, yes, correct, we believe you.

  • @arfriedman4577
    @arfriedman4577 21 день тому

    I wouldnt do business if the person is telling me i should fund their daughters wedding by slang. Thats fraud.

  • @teddykayy
    @teddykayy 21 день тому

    Cool fake story.

  • @zachydan
    @zachydan 21 день тому

    i agree this is the best and i will sponsor it one day soon

  • @JohnSmith-555
    @JohnSmith-555 21 день тому

    I actually feel like this guy may have just completely misunderstood the other guy. This video is kind of arrogant. Bragging about one’s own integrity is a fool’s errand.

  • @paulnicholson8524
    @paulnicholson8524 21 день тому

    Who is this guy.

  • @paulnicholson8524
    @paulnicholson8524 21 день тому

    Get married on the beach GOD gave it to you .

  • @isaiahfritz
    @isaiahfritz 21 день тому

    You guys are amazing!! Please keep going 🙏

  • @timothyoreilly6675
    @timothyoreilly6675 21 день тому

    Do some research into the (((foreign))) art students who had unfettered access to various floors of the WTC for an art project (prior to the attack).

  • @thebookwasbetter3650
    @thebookwasbetter3650 21 день тому

    Integrity? That just sounds like they couldn't agree on a price and walked away.

  • @AdekunleLawal
    @AdekunleLawal 22 дні тому

    Keep moving ❤

  • @crouchingwombathiddenquoll5641

    Every great fortune starts with a crime...in his case also ends with a crime.

  • @ironwork92000
    @ironwork92000 22 дні тому

    Aaaaahhaa!!! Liar Satanstien!!!

  • @sheldoncowan6396
    @sheldoncowan6396 22 дні тому

    I don't get it, giving the man a break, as if the integrity guy would never need a break + you never know, word of mouth is probably the best advertising a business can have its better to turn potential customers away than to go looking for them🤔

  • @abeak1943
    @abeak1943 22 дні тому

    This is a cog in the wheel in communism. So go ef your selves

  • @1truthseeking8
    @1truthseeking8 22 дні тому

    And now you've destroyed free speech and economic freedom...

  • @DEGENEBABA
    @DEGENEBABA 22 дні тому

    I'm not sure I understand what this is about.

  • @criticalthinker-ys7vt
    @criticalthinker-ys7vt 22 дні тому

    lesson from this video: dont be honest if you dont wanna lose millions

  • @kinguche9208
    @kinguche9208 22 дні тому

    If you never lost millions of dollars or million dollars connections because of integrity in life and business, you will never last long and be successful. I’ve lost a lot of it all just because of integrity, you will fail and go down but it doesn’t last long you will be back up and happier