The GaryVee Audio Experience
4 business strategies you need to win in 2025
Mar 5, 2025
Dive into the future of business with insights from diverse industry leaders. Discover the tough choice between franchising and private expansion, and how to cultivate a community of superfans among customers. Uncover effective social media growth strategies that prioritize organic content over costly ads. Learn vital testing methods for scalable business models before risky expansions. These high-impact discussions reveal strategies to help entrepreneurs scale smarter and avoid common pitfalls.
29:09
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Quick takeaways
- Founders should carefully weigh the pros and cons of franchising versus private expansion to maintain operational control and enjoyment in running their business.
- Testing the scalability of a business model in prime locations is crucial for understanding market demand and ensuring profitable expansion.
Deep dives
Revenue Potential of Coffee and Cocktails
The business model focuses on a dual concept of serving coffee during the day and transitioning to cocktails at night, which has proven to be highly lucrative. The venture is currently generating significant revenue, with instances of up to $400,000 in a single month, achieving margins of around 50%, primarily due to the absence of food costs. The success highlights the demand for such a concept, evidenced by long wait times of 100 to 200 people on weekends. As the model attracts attention, inquiries about franchising have surged, raising considerations about expanding beyond the current locations.
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