Ron is the founder of Panera Bread, chairman of CAVA, and managing partner at Act III Holdings. He created the fast-casual dining category.

Here are 10 of the maxims I took away from this episode and my research:

1. Complexity kills more companies than competition.

2. Long-term greedy, not short-term stupid.

3. Commitment owns you. You don’t own it.

4.... See more

When you fall in love with the process rather than the outcome, you don’t have to wait to be happy.

When you fall in love with the process rather than the outcome, you don’t have to wait to be happy.

“We act as though comfort and luxury were the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about.”