— part of Sage Hospitality Group, which has developed and operated more than 400 hotels in 40 states — in late March when he learned that his position as senior vice president of finance would be eliminated in June.
Once the executive had come to terms with his pending elimination, he started thinking about his future. He explained that most independent restaurant owners usually own one location and wear multiple hats, in essence serving as the restaurant's entire C-suite — even large commercial property owners don't usually employ food-and-beverage professionals for guidance.In the first five weeks after his layoff and with minimal outreach, the fledgling entrepreneur said he's already signed three clients with billings approaching $30,000.
With these two new sources of income, Patel believes that at the current pace, his new ventures will soon eclipse his executive salary by a comfortable margin — despite having taken on the added costs of launching and running a business. He also believes that this initial success is the tip of the iceberg, and anticipates that these numbers will grow exponentially in the coming months, fueled by organic growth from word-of-mouth plus continued outreach to his extensive network.
"Although it's a tedious process, I loved the level of detail that went into shaping each one by hand, taste testing far too many, and ultimately seeing the reaction when guests took the first bite," Patel said.
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