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Nick Stone

👤 Person
268 total appearances

Appearances Over Time

Podcast Appearances

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

They put it in the Mary's Chef, the microwave, heat it up, and it's good to go. And it's a very big difference from that versus someone using real bread, real ingredients, and making it to scratch. And

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

They put it in the Mary's Chef, the microwave, heat it up, and it's good to go. And it's a very big difference from that versus someone using real bread, real ingredients, and making it to scratch. And

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

I hope over time there's a greater appreciation for it because one of the big challenges with the US society and me even living and bringing up three young kids here is the life expectancy in the US is materially lower than Australia. It's materially lower than probably that I know that a lot of countries in Europe And I'm sure Israel. So for us, there is a lot of complexity.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

I hope over time there's a greater appreciation for it because one of the big challenges with the US society and me even living and bringing up three young kids here is the life expectancy in the US is materially lower than Australia. It's materially lower than probably that I know that a lot of countries in Europe And I'm sure Israel. So for us, there is a lot of complexity.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

You have a lot of small moving parts. And ultimately, the biggest challenge is you're dealing with such a high turnover industry. A lot of people work in hospitality because it is out of necessity or they have an interest in another career. There's very few that set themselves on a professional hospitality job. Those are

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

You have a lot of small moving parts. And ultimately, the biggest challenge is you're dealing with such a high turnover industry. A lot of people work in hospitality because it is out of necessity or they have an interest in another career. There's very few that set themselves on a professional hospitality job. Those are

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

that do rise to the top very quickly and their earning potential is actually really great. And it's a bit of a misnomer that people think that everyone in hospitality is compensated poorly. That's actually incorrect. I think it's one of the fastest way to earn a six-figure salary, in fact.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

that do rise to the top very quickly and their earning potential is actually really great. And it's a bit of a misnomer that people think that everyone in hospitality is compensated poorly. That's actually incorrect. I think it's one of the fastest way to earn a six-figure salary, in fact.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

So you're dealing with the industry turnover or the industry average in New York or in the US is about 120% a year. So if you have 10 staff, you've got to hire 12 every year. Now, what happens if you have 1,000 staff? and we have 800, we're hiring 960 just to keep the status quo, to remain flat and stagnant, let alone if we're opening new stores. So there is a lot of complexity.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

So you're dealing with the industry turnover or the industry average in New York or in the US is about 120% a year. So if you have 10 staff, you've got to hire 12 every year. Now, what happens if you have 1,000 staff? and we have 800, we're hiring 960 just to keep the status quo, to remain flat and stagnant, let alone if we're opening new stores. So there is a lot of complexity.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

It's not fully appreciated. Often consumers are at times a little bit demanding. They're more accommodative of themselves and their mistakes. They make it work. I certainly think about banking and there was a lot of errors. There was typos in pitch books. There was errors in financial models.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

It's not fully appreciated. Often consumers are at times a little bit demanding. They're more accommodative of themselves and their mistakes. They make it work. I certainly think about banking and there was a lot of errors. There was typos in pitch books. There was errors in financial models.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

people were late for meetings, but there's very limited quarter given to hospitality and particularly coffee. You know, if we get coffee that tastes slightly different or it's too hot or too cold or has the wrong milk or whatever, which is just a completely normal mistake, people can also go on a website and chastise you and feel that, you know,

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

people were late for meetings, but there's very limited quarter given to hospitality and particularly coffee. You know, if we get coffee that tastes slightly different or it's too hot or too cold or has the wrong milk or whatever, which is just a completely normal mistake, people can also go on a website and chastise you and feel that, you know,

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

they've got the liberation to do it in a pretty asymmetric way. Like I don't get the ability to rate consumers. Oh, my locals would say that local food or they didn't pay properly or they didn't come back enough. Who knows? But yeah, it's just it's just part and parcel. But sometimes I think you need to appreciate that people out here truly trying to do their best and just be kind, be nice.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

they've got the liberation to do it in a pretty asymmetric way. Like I don't get the ability to rate consumers. Oh, my locals would say that local food or they didn't pay properly or they didn't come back enough. Who knows? But yeah, it's just it's just part and parcel. But sometimes I think you need to appreciate that people out here truly trying to do their best and just be kind, be nice.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

I'm very, very fortunate to have an amazing family construct. My wife, Alexandra, and I, we've been together a long, long time. We dated for a long period of time and then we got married nine years ago. She's been such a rock. She's just an extraordinary person. She's definitely challenging, that's for sure. She's very strong, independent and driven. She's at times a little bit apathetic.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

I'm very, very fortunate to have an amazing family construct. My wife, Alexandra, and I, we've been together a long, long time. We dated for a long period of time and then we got married nine years ago. She's been such a rock. She's just an extraordinary person. She's definitely challenging, that's for sure. She's very strong, independent and driven. She's at times a little bit apathetic.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

She's sort of like you, He chose his career. You could be in banking. You could be probably in something more stable, but you wanted to go this route. And I do have a responsibility to my family and to her and to, of course, my team, my investors, my locals. My friends, my friends, their care for me is unconditional.

Leap Academy with Ilana Golan
Bluestone Lane Founder: How Nicholas Stone Is Redefining the U.S. Coffee Culture With Zero Coffee Experience | E72

She's sort of like you, He chose his career. You could be in banking. You could be probably in something more stable, but you wanted to go this route. And I do have a responsibility to my family and to her and to, of course, my team, my investors, my locals. My friends, my friends, their care for me is unconditional.