A Day In The Life Of An Owner And CEO At Bar And Restaurant Patrol
Dave's day-to-day activities as Owner/CEO of Bar & Restaurant Patrol are highly flexible, allowing for pursuits like "playing pickleball with my wife" due to a strong foundation of recurring revenue. This established income stream provides the luxury of prioritizing personal commitments without impacting business performance, as evidenced by a six-month period where minimal work was done yet income remained consistent.
Executive/Leadership, Entrepreneurship, Recurring Revenue, Business Growth, Work-Life Balance
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Dave Allred
Owner/CEO
Bar & Restaurant Patrol
Chico State University
NA
English, Writing & Education
Food, Beverages & Alcohol
Entrepreneurship and Business Owner
Took Out Loans, Worked 20+ Hours in School, Student Athlete
Video Highlights
1. The CEO's daily routine is flexible and adaptable, allowing for personal pursuits alongside work commitments.
2. Building a foundation of recurring revenue is key to achieving this flexibility and work-life balance.
3. Even with reduced work hours, the CEO's income remained stable due to the structure of their business, highlighting the potential of business growth and financial independence.
Transcript
What does a day in the life of an owner or CEO look like?
My day-to-day life varies because I have the freedom to do whatever I want. There are weeks where I focus intensely on my work, creating content and growing my business.
If something else is going on in my life, I can attend to that because I have substantial recurring revenue. This income comes in every month, and I don't have to make new sales; the business essentially runs itself.
This morning, for example, I played pickleball with my wife. Afterward, I came home and could choose to do work or participate in this interview with you. I have the flexibility to do these things because I have the time.
Last year, when I was coaching, I could go to practices and games whenever I wanted. I even watched my daughter play college ball. There were about six months where I barely did any work.
The income remained consistent because I had built a foundation of recurring revenue. My business didn't grow during that period, but my income didn't decrease either. Essentially, I did nothing for six months.
This is the luxury my business provides. While I'm focused on growing it now, if something comes up, I have the freedom to do whatever I please. I truly enjoy the freedom it offers.
Advizer Personal Links
therealbarman.com, barpatrol.net, restaurantpatrol.net, https://www.linkedin.com/in/daveallred1/, https://www.facebook.com/groups/156509118338154