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