The GaryVee Audio Experience

Do You Run Your Business Strictly On A P&L? | #AskGaryVee 317 w/ Michael Chernow

Jul 13, 2019
Michael Chernow, a prominent restaurateur and entrepreneur known for the Meatball Shop, joins the discussion for a candid chat. They reflect on childhood lessons from their parents and the importance of connections over profit margins in business. Chernow emphasizes creative leadership and the thrill of pursuing passion instead of focusing solely on financial metrics. Their engaging stories reveal how personal relationships can fuel success, while they also explore nostalgia and the evolution of culture in New York's vibrant landscape.
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ANECDOTE

NYC Upbringing

  • Michael Chernow recounts growing up in 1990s Manhattan, taking the bus and train independently at a young age.
  • He describes going to Canal Street to buy fireworks from back alley dealers, highlighting his early exposure to street hustle.
ADVICE

Business Beyond P&L

  • Don't run a business solely based on P&L.
  • Prioritize building relationships and playing offense over strict financial metrics.
ANECDOTE

Road to Sobriety

  • Michael Chernow shares his experience getting sober thanks to his former boss Frank.
  • Frank gave him an ultimatum: show up at 8 a.m. every day to clean or be fired.
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