Grow A Small Business Podcast Unveiling the Triumph of D'Angelo's Restaurant: How a Hobart Business Achieved $4 Million Revenue and Built a Dedicated Team of 20 Over 40 Years. Explore the Secrets Behind Their Long-Lasting Success and Industry Impact. (Episode 566 - Angelo Fraraccio)
In this episode of the GASB Podcast, host Michael Denehey interviews Angelo Fraraccio, founder of D'Angelo's Restaurant in Hobart, Tasmania, shares his 40-year journey in the restaurant business. He highlights the importance of community engagement, maintaining quality, and building a strong team. Angelo also discusses how he has balanced personal life while continuing to grow D'Angelo's into a beloved local institution.
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Michael delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.
And a snapshot of the final five Grow A Small Business Questions:
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What do you think is the hardest thing in growing a small business? Angelo Fraraccio identified the hardest aspect of growing a small business as dealing with staff. He explained that attracting and retaining good staff is challenging, especially when competing with other industries. The difficulty is compounded by the need for staff to work irregular hours and weekends, which can deter younger workers. Angelo emphasized the importance of having a strong team, noting that good people are essential for the success and sustainability of a business.
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What's your favourite business book that has helped you the most? Angelo Fraraccio mentioned that he hasn't read any business books that significantly impacted him. Instead, he relies on practical experience, financial readings, and advice from accountants and business people. He emphasized the value of hands-on learning and real-world insights over formal business literature.
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Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Angelo Fraraccio didn't specifically recommend any podcasts or online learning resources. He mentioned that he reads financial updates and seeks advice from accountants and business people. His advice for those looking to start a small business includes using online resources to get information and talking to experienced professionals in the field.
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What tool or resource would you recommend to grow a small business? Angelo Fraraccio recommends utilizing online resources and talking to professionals like accountants and bank managers. He emphasizes the importance of having all your "ducks lined up" and gathering information from various sources to ensure business success. He also suggests consulting with experienced business people to get valuable insights and advice.
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What advice would you give yourself on day one of starting out in business? Angelo Fraraccio advises that on day one of starting out in business, you should be 100% positive, trust your gut feeling, and have no fear. He stresses the importance of diving into the business with confidence and not letting hesitation hold you back.
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Quotable quotes from our special Grow A Small Business podcast guest: Be 100% positive, trust your gut, and never let fear hold you back — Angelo Fraraccio Good news travels slow, but bad news spreads quickly—so always deliver excellence — Angelo Fraraccio
In business, if it ain't broke, don't fix it—just keep doing what works and improve where you can — Angelo Fraraccio