Thoughts breed ideas, and ideas lead to action.
And, while no one person in the restaurant business can single-handedly determine where the industry may shift in the future, there are some who have a pretty good grasp on where it’s heading. Below, we talk to three prominent executives in the restaurant & hospitality space – Firehouse Subs CEO Don Fox; President of Little Greek Franchise Development Nick Vojnovic; and Rob Grimes, President ofConStrata Tech Consulting – about what they foresee for the upcoming year.
Q: WHAT’S GOING TO BE DIFFERENT ABOUT 2014 ON THE ECONOMIC FRONT?
Don Fox, CEO, Firehouse Subs: The big question mark for 2014 is the impact of the Affordable Care Act on the pocketbook of our customers. People are just now recognizing that their premiums and out-of-pocket costs are going to be increasing to a significant degree, and this unfortunately leads to a greater challenge for the restaurant industry. Unfortunately, government policies continue to be the primary impediment for growth.