Part 2 of the conversation with legendary restauranteur and entrepreneur PHIL ROMANO. The man behind Fuddruckers, Eatzi's, Trinity Groves, Nick and Sam's, The Network Bar and dozens more. We focus on the economics and the investment behind Fuddruckers and how he turned a $15k investment into a $3.4m payout in just two and a half years.

"It's called Lateral Integration: I make a disease and then I fix the disease to lessen the sin." - Phil Romano

We talk about his investment in an idea for a new product that would go on to save millions of lives. He invested just $250k and turned that into hundreds of millions of dollars just a few years later.

He has made many people famous for not getting into investments with him that paid out very well. One even had a nervous break down.

"It's hard to invest in other peoples ideas because I always had the best ideas." - Phil Romano

We talk about his value system and bill of rights, and how he uses this premise to build and manage his businesses and his personal life. He has five base values that he uses over and over that works for him.

We dive into the economics of the Trinity Grove project, and how it is creating the new generation of restaurant concepts, owners and operators.

"The accountant and attorney and everyone around me told me not to do it. That turned into an $800 million payoff." - Phil Romano

We also talk about the latest concept The Network Bar, and how it is designed to bridge the gap between millennials and the business folks who have "been there and done that". Phil talks about how the concept was originally conceived and what it ended up turning into and what the future looks like for it.

Check out the places Phil talks about in this episode.

https://www.networkbar.com/

https://nick-sams.com/

https://www.trinitygroves.com/

https://en.wikipedia.org/wiki/Phil_Romano

https://www.instagram.com/thenetworkbar/

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