This restaurant does not exist.
Ethos, which claims to be Austin’s #1 restaurant, has 72k followers on IG.
It seems normal until you realize the photos of the food + venue are AI.
The posts get thousands of likes and comments from people who have no idea.
“Sales math” used to be simple. Just get your conversion rates for:
Cold outreach -> initial meeting
Initial meeting -> opportunity
Opportunity -> closed won
Throw in average deal size, and you could reverse engineer exactly how many cold calls/emails you need to hit quota.
Now, the math is breaking.
Conversion rates (especially at top of funnel) have gotten so low that this “sales math” leads to impossible to reach volume metrics.
Where 200-400 activities used to generate an opportunity, we now see 1,300+.
So sales reps (and sales leaders) that made a living off of “Well, we’ll just have to do more” are left without a viable answer.
Instead, we need to get hyper-focused on conversion rates:
Less, “Make more calls” and more “Improve the quality of our call list.”
Less, “You need more meetings” and more “How are we making the most of each meeting?”
Quantity will always matter - great conversion across a tiny sample size is a losing strategy.
But volume alone isn’t leading any company to sustainable revenue.
imo, gratitude is the most important mental skill for a pay-to-play golfer — whether your handicap is 22 or plus 2.
When you’re truly grateful for being on the golf course, you won’t be trapped in your own bullshit, which means you’ll actually have a chance to enjoy your round. Moreover, you’ll be a great guy to play with, whether you’re playing great, playing ok, or playing poorly.
But on those days when things aren’t going your way, and your playing partners have to watch you slam clubs and/or listen to you moan about bad swings /bad luck for four hours, well, to put it bluntly, when it comes to the emotional side of your game, you aren’t breaking 100.
If you’d like to learn more about developing what i call a scratch attitude, send me a DM or go to https://t.co/7Udyrln1Wx and book a coaching session.
You’ve got nothing to lose but your frustration.
Weird trick to get a flat left wrist. I have always struggled with cupping at the top of my swing and I was surprised at how well this trick worked.
#golf
In 1975, Steve Jobs approached his former boss - Nolan Bushnell - about investing in his computer company.
Bushnell declined the opportunity to own 33% of Apple for just $50k 🤯
He was too focused on bringing his restaurant idea to life.
The restaurant? Chuck E Cheese's👇
2024 X Restaurant Tech 🪄
Thank you, @mikehalen and Bloomberg Intelligence for the opportunity to chop it up!
Bloomberg: https://t.co/ikctw0djZS
Spotify: https://t.co/eak2aWkwzL
Apple: https://t.co/0HPIGuhsHZ
Here are some of the topics we covered:
~Macro Status of Restaurant Tech
~2024: The Year of Restaurant Tech Shutdowns
~2024: The Year of Restaurant Tech Consolidation
~Go-To-Market Signal to Noise Issue
~☀️858 Advisory BOD Themes
~All-In-One vs. Best-of-Breed
~Proprietary Tech vs. SaaS
~The New Digital Leaders (hint: move over Domino's)