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Endeavor Detroit is excited to announce Wisely has been selected to join Endeavor’s Global Network. Wisely is a platform that helps restaurants provide consistent and high-quality guest experiences. The Ann Arbor, Michigan-based entrepreneurs behind Wisely — Mike Vichich, Tyler Felous, Arjun Iyer, and Joshua Stern — were among the 31 high-impact entrepreneurs leading 17 companies from 12 markets who were selected at the 88th International Selection Panel (ISP) in Tokyo, held July 1-3, 2019. The ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs, and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off.
Over the course of the three-day event, panelists drawn from Endeavor’s extensive network of board members, mentors, supporters, and experienced Endeavor Entrepreneurs, interview entrepreneur candidates about their businesses, evaluating them on their potential for high-impact growth, and deliberating on which candidates should be selected to become Endeavor Entrepreneurs. Panelists must vote unanimously for a candidate to become an Endeavor Entrepreneur.
Every restaurant wants to attract and retain regulars and improve guest experiences, but in high-volume restaurants with high employee turnover, this can be especially hard to do. Wisely is helping restaurants work smarter, not harder, by integrating customer management systems into a full-service CRM that optimizes resources and grows revenues. Wisely provides restaurateurs with a fully integrated software suite for delivering a great guest experience that maximizes profit by helping staff engage guests, personalizing dining experiences, improving waitlist and reservation management, and identifying guest trends. The company currently offers restaurants three white-label solutions: Waitlist, Reservations, & Table Management, Marketing Automation, and Guest Sentiment.
Whether it’s providing insights on ways to optimize seat arrangement and table space or crafting digital profiles on repeat diners and their food and drinks preferences, Wisely helps restaurants increase visit frequency, diner spend, and wait-list time accuracy. Lastly, using the information gathered on restaurant goers, Wisely provides a marketing platform for owners to create and serve targeted advertising campaigns.
As a part of Endeavor, the entrepreneurs of Wisely now have access to comprehensive customized services, including a global mentor network of experienced entrepreneurs and executives, a dedicated Advisory Board, capital and talent services, as well as executive leadership programs at Harvard and Stanford that all aim to help Wisely grow and scale.
“The Tokyo selection panel truly demonstrated what we already know: that entrepreneurs with enormous potential to scale up and pay it forward are right here in Michigan,” said Antonio Luck, Managing Director of Endeavor Detroit. “We’re excited to work with these high-impact founders as they take their companies to the next level.”
Worldwide, Endeavor now supports 1,911 entrepreneurs leading 1,195 companies in 34 markets around the world. Our Entrepreneurs have had a significant track record of impact and have created 3 million jobs, generated $20 billion in revenue in 2018, and help build sustainable growth models in their home countries.
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