Evan Carmichael Top Header about About About facebook Twitter YouTube Google+

Lesson #5: Try and Try Again

Wolfgang Puck Quote


Staff post about: Wolfgang Puck
Become an Author

Free PDF Download
Wolfgang Puck Quotes - By Wolfgang Puck

Name: Email:


“I learned more from the one restaurant that didn’t work than from all the ones that were successes,” says Puck.

Despite all appearances, the path to success was not as smooth as it might appear for Puck. He stumbled numerous times along the way and often had to learn things the hard way, but he never failed to pick himself up and get right back to work. It was in this recovery process that Puck often learned some of the most important business lessons that he would use later on in his career.

Before Puck grew to become the culinary empire that he is today, he had less successful ventures in both Los Angeles and Malibu. In 1990, Puck opened Eureka, a high-overhead establishment that, in the end, proved unsuccessful and was condemned to closure. In an attempt to take advantage of the growing brewpub market, Puck launched the Eureka restaurant and brewery after an investment of $8.5 million and three years of research and development. In typical Puck fashion, he had wanted to create an innovative combination of fine food and fresh-brewed beer, claiming, “Most brewery restaurants have been created for beer drinkers, and very little attention is paid to the food.” However, Puck had lost control of the adjacent brewery and after a loss of $5 million in just one year, he was forced to close it down.

The defeat was a hard one for Puck, who personally owned 10% of Eureka and who had put his heart and soul into the restaurant. And, it would not be his last brush with failure. In 1991, shortly before Eureka was shut down, Puck had opened Granita in Malibu, a Mediterranean-themed restaurant that had cost over $3 million to launch. Despite lasting for 15 years, the restaurant had struggled for years to break even before the decision to close was finally made. Puck’s Food Company also suffered in sales until 1997, when its new executive made its products more competitively priced and was forced to cut the costs of their ingredients.

The closures and losses were not easy for Puck, especially in the early days when he was first starting out and each venture was near close to a life or death affair. But, with each failure came a lesson, according to Puck. Each time something went wrong, each time he made a mistake, that was one less mistake that he would ever make again in the future. Whether it was to do with budgeting issues, management, promotions or the food itself, Puck made use of every opportunity to learn what he could in order to avoid similar problems in the future. Thus, every disaster, according to Puck, did in fact have a silver lining.

By growing and adapting with each experience, Puck was ensuring that his ventures could withstand the changing times. It was in learning from his past failures and refusing to ever give up that Puck was able to flourish professionally for as long as he has.


Related Articles

  Who Is Your Proud Family?
  Three Marketing Lessons from Realtors
  The Gravity of Failure
  Entrepreneur – How Not To Have A Bad Employee?
  What Does Your Gut Say?
  Selling swimming pools is the same as selling what you sell
  The Highest Leverage Investment in a Business is...
  Getting Rich Is An Exact Science
  Manage Fear of Failure
  Losing The Deal - Yeah, It Does Happen To All Sales Professionals too!
  How A Game Of Rugby League Can Teach You To Make Your Online Business A Success.
  Leadership Lessons Heard
  Frustrated Network Marketer - Needs vs. Wants
  Start A Consulting Business And Build A Client Base With Autoresponders
  Build Your Confidence-Make More Sales
  A Confused Prospect Does Not Buy
  The Explanation Gap
  Leaders can’t afford to make mistakes
  Teaching Old Skiers New Tricks
  An Indexing Filing System Software Will Help Professors and Teachers with Paper Files

Home > Famous-Entrepreneurs > Wolfgang Puck > Lesson 5 Try and Try Again >

Free PDF Download
Wolfgang Puck Quotes - By Wolfgang Puck

Name: Email:


Related Forum Posts

Dan Kennedy Marketing Methods Dan Kennedy Marketing Methods

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Share for a Cause
Like this page? PLEASE +1 it! Evan Signature
Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.