Episode 6. Turning Dough Into Dollars

Episode 6 - "Turning Dough into Dollars" Introduction • Welcome to the Pizza King Podcast, hosted by Tyrell Reed. • The podcast explores the behind-the-scenes world of running a successful pizza business. • Focus areas include team building, sales growth, multi-unit strategies, and more. Episode Highlights: 1. Pizza of the Week - The Philly Pizza Burrito • Tyrell shares a unique creation: the Philly Pizza Burrito, a fusion of pepperoni pizza and Philly cheesesteak. • Encourages the pizza community to try it and share their experiences. 2. Q&A Session - Listener Questions • Tyrell introduces a Q&A segment, addressing questions from the pizza community. • Discussion on experimenting with creative pizza ideas and seeking feedback from listeners. 3. Listener Question: "How Long Until Profitability?" • Tyrell addresses a common question from a client about the timeline to start making money in a new pizzeria. • Advises setting realistic expectations and working towards profitability in 18 to 24 months. 4. Topic of the Day: "Turning Dough into Dollars" • Emphasis on understanding the financial aspects of the pizza business. • Discussion on average startup costs, ongoing monthly expenses, and the importance of managing finances effectively. 5. Break-even Analysis: A Practical Example • Tyrell breaks down a breakeven calculator, exploring average sales, startup costs, and monthly expenses. • Highlights the significance of breakeven analysis in determining profitability and financial sustainability. 6. Team Building Exercise - "Penny Exercise" • Tyrell introduces a team-building exercise using pennies to illustrate the impact of expenses on profits. • Emphasizes the importance of following systems and minimizing mistakes for long-term profitability. Conclusion: • Tyrell wraps up the episode, encouraging listeners to connect on Instagram and share their thoughts and questions. • Reminds listeners to check out his ebook, "Next Level Leadership," available on TyrellReed.com. Outro: • Thank you for tuning in to another episode of the Pizza King Podcast. • Subscribe, rate, and leave a review. Reach out with questions and suggestions. • Visit TyrellReed.com for a complimentary ebook and schedule a free strategy call. Stay tuned for the next episode of Pizza King Podcast!