Friday, May 10, 2013

Four Rules of Food Entrepreneurship


An all-star panel assembled at the International Culinary Center on a sunny Saturday afternoon to impart advice from their entrepreneurial experiences.  The lineup included social media star Allison Robicelli and her husband Matt Robicelli (Pastry '04) of the fast-growing Robicelli's.  They spoke alongside Liz Gutman (Pastry '08) and Jen King (Pastry '08) of Liddabit Sweets and Rob Liano (Culinary '12) of the hilariously named Baby Got Back Ribs.

Erik Murnighan moderated the animated panel, which covered a lot of ground.  Here are my takeaways -- the "rules" offered by these pros: 

1.  Respect the Food, pursue your passions
Allison and Matt said they began their business because they wanted to respect food, and make affordable items with the same care and respect the chefs at expensive restaurants gave to their rich customers.  Why do you have to be rich to eat well, they wondered?  So, starting with a Honda Civic and $30 from their son's piggy bank they began making cupcakes in a working class neighborhood.   As they began, they made an early commitment that they would only use French cream and would avoid food coloring.  This commitment to quality has remained at the core of their business.  Additionally, Jen build on this theme of having a purpose by encouraging food entrepreneurs to be your own story.  "Build your narrative and your own brand."  Allison discussed that if you are not yourself, you will burn out.  "It's just too exhausting to pretend!"

2.  Entrepreneurs don't seek out risk, they use planning to minimize it
Jen King noted that while there isn't a sure bet path to success, planning can help you improve your odds.  "There is no A + B gives you C.  What business plans, marketing strategies, and all of this does is gives you a better chance."  Rob agreed saying "there is no right or wrong way, but there is also no easy way."  By thinking through some of the key assumptions, you get comfortable thinking through what will actually make you money.  This type of exercise helped Rob walk away from a potential investment.  Sound crazy that he said no to a potential investor?  When he did the math he realized he would put in the work but not take home the returns.  By taking a pass he's now free to explore other opportunities that may be more lucrative.  


3.  Get comfortable with "No"
Each of the entrepreneurs talked about the failures they experienced along the way to success.  The winning entrepreneurs are the resilient ones, they just keep at it!  Early on Rob paced himself, avoiding investing too much in a physical space or other capital as he built up his brand.  Eventually, more and more people have reached out.  "Then, opportunities come to you.  You don't ask, they just come to you."  As you experience success, you have to be as disciplined about saying "no" as you once had to be about pushing through "no!"  Jen King said this was one of the hardest things for her.  "You think, because you are so young, that you must say 'yes' to everything."  But really, you have to learn to prioritize.

4.  Start selling now, and keep a bias to action!
Liz Gutman and Jen King met at International Culinary Center.  While still in school, they both assumed they would need more experience to launch their business.  "We initially thought we needed to go train under people... and learn more," Liz said.  But actually getting out there and selling gave them the best feedback.  While Jen said that oftentimes she feels like she doesn't know what she is doing, the two have been remarkably successful already.  The experience behind that success?  Getting out there and trying things.  Early on, they passed out candy as guerrilla marketing.  Liz: "Start selling now."  



If you are interested in learning more about entrepreneurship at International CulinaryCenter, leave a comment below or email Chris Tolbert at CTolbert@culinarycenter.com.

2 comments:

Vicky AuYeung said...

Chris,

I am a current student of the NYC campus and was very glad to come across the latest entry on The Hot Plate about the four rules of food entrepreneurship . I intend on starting my own business one day after I graduate and I feel like that side of the food industry doesn't receive much attention and focus at the school. Rather, I feel like the school is a farming factory of future line cooks that are molded and shaped to work in a restaurant type setting. I would love to be able find out more about how to build a food business and operate it successfully but I really don't know where to find the resources. Any tips on where to get this info? Does the school have resources (future panels, seminars, workshops, library materials, advisors) that I can invest my time in?

Thanks!

The International Culinary Center said...

Vicky,
Thanks for your response! Each day we hear from more current and prospective students that they are interested in entrepreneurship.

We are right now doing several things to strengthen The Center's commitment to entrepreneurship.

First, we are hosting a June webinar on restaurant marketing that is open to students and alumni. We are confirming the date now but will publish it asap. This is a critically important topic for any food industry business owner.

Secondly, we do offer the Restaurant Management Course [http://bit.ly/19jzC5V], which is highly focused on the business fundamentals needed to run a successful restaurant. Feel free to email me or Chris Tolbert [ctolbert@culinarycenter.com] in admissions for more info on this.

Thirdly, we are also looking at creating an online mini-course on restaurant entrepreneurship. This is at least a few months out -- but given the growing interest in entrepreneurship it's something we plan to launch by the fall.

We do feel its important that the core curriculum of the Culinary Arts program continue to emphasize technique. In any business -- particularly the restaurant business! -- product is so important. And whether your goal is to become an Executive Chef or a CEO, we want you to have the mastery (and credibility) necessary to create a great product (or oversee this)!

Great ideas... and let us know if you or other students want to be play a role in our efforts to build the online mini-course on restaurant entrepreneurship.

Thanks!
Zach