The Man Who Created India's Only Listed F&B Company Thinks Fat-free Biz Models Work

Having spent 25-year tenure in the industry, he feels there is no success mantra - passion, hard work and discipline are very important

By
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

While speaking to Entrepreneur India on how to run a successful food business veteran Anjan Chatterjee, the founder of Speciality Restaurants, spoke about the things that the younger generation can learn from experienced leaders.

According to him, the restaurant industry is taken as a glamour industry by the people but it's a lot of hard work that is involved. It requires knowledge of real estate, marketing, finance, food and beverages, hence people must understand its not glamour it's the hard work that actually works.

Anjan Chatterjee's Golden Tips to Run a Restaurant Business

Having spent 25-year tenure in the industry, he feels there is no success mantra - passion, hard work and discipline are very important. He also said that lots of millennial are hard working but some are hard-working, money can't be the only objective and one need to have growth and profitability with a large purpose .

Real estate cost in India is higher than London or New York - it is important to make the model fat free and keep it lean. You can't out price yourself, keep a model which is tight in terms of labor and ensuring that real estate you hire or purchase which is not in excess learn to work with less number of people and learn how to work in a smaller place.

Anjan Chatterjee is an Indian hotelier and founder of Speciality Restaurants Limited. He has handed over the baton of his successful IPO-ed company to his son Avik Chatterjee.

Latest

Are You a Social Media Addict? Here's 5 Unexpected Ways to Quit

Is social media the problem behind your lack of focus? Ben Angel discusses the effects of social media on the brain and our ability to focus.

Meet the Entrepreneur and Mom Teaching Kids About Volunteering Through Family Projects

The founder of Alltrusits shares how she's helping families talk about topics such as homelessness, bees, clean water, hunger, foster animals and climate action.

Chef Robert Irvine on Making a Difference in Hospitality — and the World

Interview with World-Famous Chef and Philanthropist Robert Irvine of The Robert Irvine Brand Family about supporting others, embracing a military culture in business, and the essence of leadership.

How to Unlock Your Company's Value in the 'Circular Economy'

Michael Smith of Regeneration.VC shares how the circular economy works and why it's good for business and our planet.

BBQ Icon Rodney Scott on Blazing Your Own Path in the Restaurant Business

Interview with famed pitmaster and food entrepreneur Rodney Scott of Rodney Scott's BBQ about every day being a good day, the truth behind "overnight" celebrity, and how cooking with soul is vital to sustained success.

3 Easy Ways To Be More Motivated

Want to tackle your to-do list in just two weeks? In this video, Ben Angel tells you how.

The Founder of Mindvalley Wants to Transform and Reinvent Education. Here's Why.

The founder of Mindvalley shares why he started his platform and discusses his new book, "The 6 Phase Meditation Method."

This Teacher-Turned-Entrepreneur Started Tutoring Kids in Parks and Churches. Today, She Runs an Education Company with Nearly One Million Followers

The CEO and founder of Big City Readers talk about why she's on a mission to make reading fun for kids and their parents. Plus, what to do if you're afraid to take a leap in your career.

Melissa Villanueva of Brewpoint Coffee on Creating Avenues for Café Owners of Color

Interview with Brewpoint Coffee CEO and Founder Melissa Villanueva about balancing community and larger ambitions, creating opportunities for people of color, and equity and inclusion in business.

4 Easy Ways to Make More Money By Training Your Brain

Mental rehearsal is a powerful psychological technique that's used by athletes, billionaires, and entrepreneurs to achieve their goals.

Tim Draper: The Crypto Crusader

Governments are resistant to change, says the billionaire venture capitalist

5 Tips to Help You Go from Camera-Shy to Camera-Ready

Media trainer Jessica Abo reveals her go-to production tips so you can feel more confident for your next on-air appearance, pitch, or presentation.

Shone Tran of Chicken Meets Rice on Stepping into Food Entrepreneurship

Interview with Chicken Meets Rice co-founder Shone Tran about pulling inspiration from tragedy, taking small steps, and thriving in business with your best friend.

Try This 15-Minute Million Dollar Morning Routine To Energize Your Day

Here are six steps you can take to amplify your energy and grow your income.

This Is Why Being a Podcast Guest Can Transform Your Personal Brand

The Founder and CEO of Scout's Agency shares why a "podcast tour" is the new PR strategy for thought-leaders.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.