Finding time for thought leadership can be a challenge. However, for Zach Goldstein, the CEO of Thanx, the responsibility to share knowledge and uplift the industry is paramount. Goldstein acknowledges the industry’s lag in becoming data-driven and sees thought leadership, even if its ROI is not immediately visible, as a means to assist operators.  He believes that amplifying best practices and sharing insights is part of his mission and leadership obligation.

“If there’s not a clear ROI on doing thought leadership, on doing a podcast, that’s okay with me if the result is it helps one operator.” Goldstein expressed to host Shawn Walchef of Cali BBQ Media.

Goldstein also emphasizes the significance of data in the restaurant industry. He challenges restaurant operators to measure the returns on their strategies, particularly on loyalty programs. According to Goldstein, understanding the positive outcomes and optimizing efforts accordingly is crucial. He advocates for a data-driven approach to marketing, where identifying successful initiatives leads to informed decision-making and sustained growth in same-store sales over time.

“The only way you can actually drive a positive outcome is to be measuring it, focusing on it. Not everything you do is going to drive an outcome.” says Goldstein. “I think as a rule of thumb, brands that are in the 2% – 3% are underspending in all likelihood, and need to both get better at their marketing and likely get more comfortable spending.”

For Goldstein, loyalty programs, when executed thoughtfully, align seamlessly with the essence of hospitality. The key, he says, lies in enhancing the customer experience rather than just offering discounts. Loyalty, according to Goldstein, should focus on elements like convenience and personalization which well aid in recognizing customers, making digital experiences easy, and saving customers time are vital aspects of driving loyalty without merely relying on value exchanges. 

““I think loyalty done right is so synonymous with hospitality.” 

• Thanx Online – https://www.thanx.com/
  
• Thanx Instagram – https://www.instagram.com/thanxinc/
  
• Zachary Goldstein LinkedIn – https://www.linkedin.com/in/zgoldstein/
  
• Zachary Goldstein on Medium – https://medium.com/design-thanx/restaurants-are-facing-mass-extinction-but-local-governments-can-save-them-e23b7327a65d
  
• Zachary Goldstein on Digestible Tech Podcast – https://podcasters.spotify.com/pod/show/digestible-tech/episodes/Zach-Goldstein–Founder-and-CEO-Thanx-e25pdof
  
• Food Fighters Podcast by Thanx – https://www.thanx.com/food-fighters-podcast/
  

Sponsors:

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  DAVO: www.davosalestax.com/influencers 

  
  
  
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  Marqii: https://www.marqii.com/

  
  
  

Watch on Youtube

Thought Leadership: The Responsibility of Sharing Knowledge – Restaurant Owners and Company CEO’s often comment on the difficulty of finding time to share knowledge across mediums, like podcasts. Zach Goldstein, however, believes that thought leadership is best executed by sharing knowledge and the ROI is immeasurable.

Measuring and Optimizing Positive Outcomes – As the CEO of Thanx, data is paramount for Zach Goldstein, but according to Goldstein, many restaurants fail to track the success of said programs. Goldstein believes best practice should include focusing on those positive outcomes to capitalize on them.

Loyalty is Synonymous with Hospitality – When done correctly, Zach Goldstein believes that loyalty practices enhance the customer experience, which increases loyalty and improves the hospitality experience.

https://youtu.be/caT4QtWrKW4

Digital Hospitality is an interview-based video podcast hosted by business owner Shawn P. Walchef (@shawnpwalchef) and produced by his Cali BBQ Media company sponsored by DAVO Sales Tax (@davosalestax) and Marqii (@getmarqii) The weekly digital series explores the ways successful businesses and entrepreneurs have merged old and new with innovative digital strategies that harness the power of the Internet and social media. Shawn is the founder of Cali BBQ Media and creator of the Restaurant Influencers podcast on Entrepreneur Media.

➤ Restaurant Influencers – https://link.chtbl.com/RIpodcast

➤ Business Coaching –  https://forms.gle/cnQ3sefMcAxQXbKa6

➤ Cali BBQ Content – https://content.calibbq.media

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