The restaurant and Hospitality Industry has undergone significant changes and adaptations in recent years, influenced by various factors such as digitization, health and safety, sustainability and authentic experiences. Overall, the industry is in a period of transformation, driven by technological advancements and changing consumer preferences. Establishing a successful Hospitality Brand requires a closer look at the entrepreneurial subtleties in the industry, with a need to fill the gaps to make the experience more personalized and comfortable. Abhimanyu Jakhar, the Founder and Director at Jakhar Hospitality Private Limited, is a young entrepreneur and a trailblazing innovator in the Hospitality Business. His strategic vision and problem-solving prowess have propelled him to success. Besides, he has been active in the shipbuilding industry since 2018 and his role as a consultant has helped to streamline the shipbuilding process and resolve the challenges in the industry. On this episode of Happy Hour with FinCocktail, your host Niyati Thaker discusses with our guest his journey, plans for business expansion in the Hospitality Industry and Financial Management in his professional and personal domain. Join us in an engaging session to understand the Restaurant and Hospitality Business, factors that can lead one to stand out amidst tough competition, prospects in the industry and some valuable advice for youngsters looking to establish themselves as entrepreneurs. Share this with your friends and do leave us a comment with your thoughts! #entrepreneur #financepodcast #finance #hotelbusiness #hotelindustry #hospitality ------------------------------------------------------- 0:00 - Sneak Peek! 0:49 - Intro 1:24 - Switching his Career 11:58 - Establishing a Restaurant 12:32 - About Ship Building 18:05 - Challenges in his Journey 21:28 - Future Plans for JHPL 23:22 - How to stand out in the Restaurant business? 31:01 - Managing the Business 33:50 - Basic Requirements for Setting up a Restaurant 35:58 - Key Trends in the Restaurant Industry 39:22 - Scope for Tier 2 and 3 Cities in Restaurant Industry 40:41 - Managing his Finances 44:25 - Advice for Young People in the Restaurant Industry 47:48 - Outro ------------------------------------------------------ 🎧 Listen To #HappyHourWithFinCocktail On Spotify: https://open.spotify.com/show/3RgIddLsD7mAgyKrlkOsXN Find FinCocktail and Abhimanyu on other social media: Instagram: https://www.instagram.com/fincocktail/ https://www.instagram.com/abhimanyu_jakhar?igsh=OXNkd3BrNHJ0Mmc5 YouTube: https://www.youtube.com/@FinCocktail LinkedIn: https://www.linkedin.com/company/fincocktail/ https://www.linkedin.com/in/sayalirai/ X: https://twitter.com/FinCocktail ---------------------------------------------- Credits: Shoot: CinFin Media Edit: https://www.instagram.com/intriguingfilms/ https://www.instagram.com/anuragkawatra/ About FinCocktail: FinCocktail by Sayali Rai & Niyati Thaker is a one-stop shop for all your questions about personal finance. It was created to help young Indians understand and embrace their personal finances. It aims to become a source of inspiration to all who want to take charge of their financial futures. This season on the Happy Hour with FinCocktail Sayali & Niyati are on a mission to find out more about the journey of money. See how money flows through the system and in and out of our lives! Handling money is not easy, but it can be made simple if you get to know your money and its workings. Building wealth is something everyone should be capable of. It's more of an art than a science and a skill that everyone can master. Let them bring you real stories from real people who have been managing their own money for a while, so you can see how different avenues exist to generate wealth and reach your dream goals! So listen on and let's build some wealth toge