fbpx
Connect with us

Entrepreneurship

Mo Mostashari Is Navigating The Restaurant Industry Through COVID-19

During COVID-19, restaurants and all types of businesses have been forced to either pivot or make big changes in the way they operate. With new regulations being put into place for customer and employee safety, opening and closing on and off, to just figuring out new ways to attract hungry people, the restaurant industry has been tricky to navigate.

That is where Mo Mostashari, the President of AMIBA Consulting comes into play. For over nine years previously, Mo worked at ICM Partners helping to consult and secure deals for high profile companies and individuals such as Megan Fox, David Duchovny, Ian Somerhalder, Lucy Hale, Katie Holmes, Migos, Rae Sremmurd, Alexis Ren, Millie Bobby Brown & others. Now focusing his expertise to start-up brands, Mo also decided to take a chance and invest into Dough Pizzeria & Bar in Hollywood, California to help bring the restaurant through these very ‘unique’ times in our society.

From his own investments recently, to key factors in running a business, to his advice for others, Mo talked to us about navigating the restaurant industry.

How does one decide they want to go into investments and start working with various types of companies?

The two biggest factors for me are who is the founder(s), what is their background, do they have any previous exits, and just overall if I feel that they have what it takes to take the brand to the next level. The second factor is, who are the other investments and if they are big firms that have had previous successes in picking brands that’s always a very important indicator.

You have recently taken up co-ownership of Dough Pizzeria & Bar in Hollywood… what about the restaurant industry attracted you? And why Dough? What are you doing with Dough to make it stand out from before?

Pizza is the number one selling food item in America and is also one of the most profitable. The dough was appealing for several reasons. 1) it was already a functioning pizzeria that had built-in business 2) It had a full bar that is allowed to stay open until 2 am and 3) Location, location, location, it is right in the heart of West Hollywood on the world-famous Sunset Strip. And the food is pretty damn good as well.

What key factors should businesses and restaurants take into account when reopening now with COVID-19?

When reopening for COVID, the most important thing is to ensure the safety of your staff and customers. West Hollywood has given very strict, but easy guidelines to follow. Wear a mask, make sure tables are 6 feet apart, sanitation stations, take temperatures. Second, pair your menu down, and create some interesting family packages. Since restaurants will at best be able to serve 60 % of your maximum customers, keep your menu to the best sellers. This will lower food costs and enable you to have lower labor. Lastly, increase your visibility in the online world. The more you are seen, the more you will sell.

What are the key factors entrepreneurs should evaluate when starting and running their company?

Make sure you have the time. Starting a business sounds great, but you need to be prepared to work a lot more than before for a lot less money (hopefully just at first), and if you are prepared for this than I say go for it. You also need to surround yourself with like-minded individuals and partners but look to bring on folks that are good at what you are not good at. You need to be able to lean on others’ expertise in their field to allow you to manage the brand as a whole.

What is the best advice you have ever been given?

Don’t stress, just do. Issues will always come up, there is no need to stress, at the end of the day just do what you can, be prepared, and make sure you have backup options and be able to manage to get out of problems. What you shouldn’t do, is just stress and worry.

What is something you would do differently if you were given the chance?

Is it bad to say, not going to college? Or at least, would have done a business degree vs. getting a Bachelor’s in Science in Psychobiology.

What does the rest of 2020 look like for yourself?

Working on a few different celebrity partner partnerships, while also dealing with the post-COVID market place. Since everything is closed, taking this time to really focus on different projects for the future.

Taylor is a graduate of the UCLA Department of Communication and writes about high profile CEOs, trending items, breaking news and everything else!

Advertisement

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Executive Voice2 months ago

Kerwin Rae Shares How He Has Helped Over 100,000 Entrepreneurs Succeed and Grow

Kerwin Rae is Australia’s leading business strategist and high performance specialist helping over 100,000 businesses, in 154 different industries, throughout 11...

Politics3 months ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business5 months ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance6 months ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship6 months ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship8 months ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing1 year ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship1 year ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship1 year ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt Magazine

The Disrupt Magazine & Podcast tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.