In this episode of 'Sorry We're Closed', Pat and Tevo discuss the recent launch of the Christmas theme at the Waiting Room, the challenges of managing a busy/growing restaurant. They also explore Gen Z's perception of success in terms of salary expectations, comparing it to millennials and boomers, and conclude with insights on the average US salary. They explore the financial realities faced by young professionals, the changing dynamics of the bar industry, and the opportunities presented by the creator economy. The discussion also touches on the struggles of living in high-cost areas like New York City and the evolving expectations of financial success across generations.
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00:00 Welcome and Introduction
02:50 The Waiting Room's Holiday Launch
06:02 Challenges of Managing a Busy Restaurant
08:57 Streaming Trends During COVID
11:53 Gen Z's Perception of Success
21:11 Average US Salary Insights
21:36 Challenges in Hiring and Managing Costs
30:44 Changing Demographics in the Bar Industry
32:41 The Struggles of Young Professionals
34:23 The Cost of Living in New York City
36:43 Pricing Strategies in the Bar Industry
38:09 Transforming Business Models for Success
46:14 Generational Perspectives on Financial Success
