#042: Team Builder: Koh Thai's Andy Lennox - a podcast by Alex Chisnall

"We're in this stage where you have no money again. And we've had the same problem twelve times. We've run out of money every single time we've done it. I wish someone had turned around to me at some point and gone 'listen, process, absorb'. Just listen to people. At the end of the day everybody turned round to me and said you're going to run out of cash...and I said 'no, no, no we're not going to run out of cash at all'. And..we ran out of cash.

We ran out of cash three times until I realised that there's a lot more to running a restaurant and running a business than meets the eye."

On today's show I bring you a taste of one of our 'live' events in anticipation of our first 'live' events of 2018 starting later this month.

I welcome Andy Lennox from Koh Thai Tapas. Koh was founded in 2009 at the height of the recession when he had a choice of properties with low rent, but the challenge of having no capital from the banks. Andy opened the first restaurant in Bournemouth in 2009, winning restaurant of the year in its first year. This led to many more restaurant openings, fast forward to 2018 and they now have thirteen locations across the south of England. Andy started with £7,000 and three staff and a first year turnover of £20,000. In 2018 they now have 350 staff and a turnover of £12,000,000. Here's how he did it.

 

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