Description

About the Episode

In this episode, Lauren Fernandez, the CEO of Full Course, shares her journey from being a lawyer to becoming a restaurant operator and entrepreneur. Raised in an immigrant family, she was instilled with a strong work ethic and a belief in generational improvement. After obtaining a law degree and an MBA, she made the career shift to become a restaurant owner. She bought three restaurants and quickly turned them around, eventually building a total of 11 restaurants. This experience led her to identify three major challenges in the restaurant industry: the lack of fair and equitable capital for early-stage restaurants, the need for expertise in scaling businesses, and the lack of support and mentorship for founders and employees. These challenges inspired her to start Full Course, a company that provides education, mentoring, consulting, and investment support to emerging and established restaurant brands.

Full Course is an incubator, accelerator, and investor in early-stage food and restaurant brands. They provide growth capital, operational support, and development expertise to help founders stabilize, optimize, and grow their brands. The company offers a wide range of education and coaching services, including a free learning center and a Navigator group coaching program. They are committed to supporting underrepresented founders and promoting diversity in the industry.

Full Course is actively seeking restaurant brands that are differentiated and have a strong purpose and mission. They have upcoming investments and are launching their second fund.

Takeaways:

• Lauren Fernandez's career shift from lawyer to restaurant operator was influenced by her upbringing in an immigrant family and a belief in generational improvement.
• The challenges she faced as a restaurant owner inspired her to start Full Course, a company that provides support and resources to emerging and established restaurant brands.
• Full Course focuses on addressing the lack of fair and equitable capital for early-stage restaurants, the need for expertise in scaling businesses, and the lack of support and mentorship for founders and employees.
• Fernandez emphasizes the importance of clear expectations, repeatable actions, and rewarding desired behavior in creating efficient and successful restaurant operations. Full Course is an incubator, accelerator, and investor in early-stage food and restaurant brands.
• They provide growth capital, operational support, and development expertise to help founders stabilize, optimize, and grow their brands.
• Full Course offers a wide range of education and coaching services, including a free learning center and a Navigator group coaching program.
• They are committed to supporting underrepresented founders and promoting diversity in the industry.
• Full Course is actively seeking restaurant brands that are differentiated and have a strong purpose and mission.
• They have upcoming investments and are launching their second fund.

Timestamps:

00:00 Introduction
01:01 What makes Lauren Shift from General Council to A Restaurant Operator
04:30 Lauren's Experience in her First Restaurant
08:28 Reinvesting in Your Employees
10:24 How Lauren Achieved Multiple Restaurant Investments
16:15 Organizing Inventory Management System
20:08 Training Staff and Reward Systems
21:54 Tasks Delegation
24:15 Empowering and Improving Processes
26:14 Full Course: Incubator, Accelerator, and Investor
27:30 Operational Support and Subject Matter Expertise
29:31 No Extra Costs Needed: Full Course Foundation: Education Platform and Learning Centers
30:13 Resources to Expect from Full Course
33:41 Seeking Differentiated Restaurant Brands
38:10 Success Stories
42:09 Future Plans and Programs
44:41 Where to find Full Course