In this episode of Room for Seconds, Gregg Majewski sits down with Taj Adhav, Founder of Leasecake to discuss the evolving world of real estate in the restaurant industry. The two leaders touched on topics such as optimizing real estate management, embracing diverse perspectives and the power of networking.
Key Takeaways
- Connecting Real Estate Management for Restaurants
- Not Afraid of Impossible: Embracing Diverse Perspectives
- Lean into smartphone storytelling
Streamlining Real Estate Management for Restaurants
In 2017, Taj Adhav identified a critical gap in real estate management for restaurant owners through a pivotal conversation with an associate. Recognizing the importance of leases as a fundamental operational element, Adhav set out to create a solution. Thus, Leasecake was born, a platform designed to simplify real estate management for restaurant operators. Leasecake's platform focuses on organizing crucial dates and financial details into an easy-to-use system and is dedicated to helping restaurant owners manage their locations efficiently, allowing them to focus on building their restaurant empires.
"I said, where is the app for that? There's got to be an easier way to manage your real estate because it's the heart of every great restaurant.” Adhav shared. "We are incredibly easy to use, beautifully designed, and hey, our name rhymes with cheesecake and it's a piece of cake.
Embracing Diverse Perspectives and Innovation
Adhav emphasizes the importance of embracing diverse perspectives within his company, particularly highlighting the dynamic between himself and his business partner and co-founder, Dave Schrader.
Adhav values Schrader’s contrasting approach, noting, "He is very much on the polar opposite, but he asks questions and the reason that he debates me on these initiatives is to make certain that we're thinking through all of the things that potentially could go wrong or opportunities to make it better."
He believes that innovation requires courage and a willingness to incorporate different viewpoints into strategy sessions. By fostering an environment where diverse opinions are encouraged, Leasecake ensures that all potential challenges and improvements are thoroughly considered.
"We're not afraid of impossible. We always look for ways to come at solutions with diversity of thought," Adhav stated.
Harnessing the Power of Networking
For Adhav, the strength of a network is paramount to success, even more so than like-mindedness. He believes that founders should not isolate themselves but instead leverage their networks to solve problems and find support. He stresses the importance of surrounding oneself with people who "fill your cup" rather than simply agreeing with you.
"You get the right people together, you make a few phone calls, LinkedIn, and you say, hey, here's the problem. They go, oh, my gosh, I can help solve that," Adhav said.
Building a network of positive, supportive individuals is essential for any entrepreneur, ensuring that they are never alone in their journey.
In Adhav’s words, “We don't think of ourselves as just another addition to the tech stack. We think of ourselves as a critical component.”
Episode Links:
About Taj Adhav
Taj Adhav is the founder of Leasecake and excels in delivering value through business development and financial management, leveraging proven strategies to drive profitability and market dominance. He aligns company assets with market trends to offer innovative solutions that facilitate sustainable growth, boost multi-million dollar revenues, and enhance competitive advantage. Adhav consistently achieves increased shareholder value and international market leadership through strategic financial, operational, and market development processes. With an entrepreneurial mindset and extensive experience in business transformation, product strategy, and commercialization, he has successfully developed and launched products that positively impact stakeholders. His finely honed communication skills are marked by unwavering accuracy, credibility, and integrity.
About Gregg Majewski
Gregg Majewski has a vast amount of experience as a corporate executive in the restaurant industry. As the former CEO of Jimmy John’s, he played a major role in expanding the franchise from 33 to 300+ stores in just 5 years by surrounding the company’s marketing strategy around the innovative approach of delivering sandwiches and being “freaky fast”. Majewski has worked to develop restaurant concepts over the last two plus decades, before starting Craveworthy Brands in 2023, which currently includes a growing portfolio of restaurant brands.
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