1/ When I try to explain "wholesale transfer pricing" and "barriers to entry" I often use restaurants as an example. But these ideas are applicable to every business. https://www.seattletimes.com/life/food-drink/seattles-booming-restaurant-scene-shows-signs-of-slowing/ … Restaurants that remain often own the building. "The 'lost lease' is a common refrain..."
2/ "Over the course of last year, more than one new restaurant debuted per day in the Seattle area. The change in average annual sales per restaurant (or truck, or caterer) spiked to a high of 7.73% at the beginning of 2015. By 2019, that figure had become a decrease of -0.2%. "
3/ When I see an entrepreneur trying to make a living with a food truck it sometimes makes me sad. It happened this week. If I could teach anything about how to run a successful business to anyone with 25iQ and Twitter it might be that person. Many of the key ideas are universal.
You can follow @trengriffin.
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.
Enjoy Threader? Sign up.
Since you’re here...
... we’re asking visitors like you to make a contribution to support this independent project. In these uncertain times, access to information is vital. Threader gets 1,000,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Your financial support will help two developers to keep working on this app. Everyone’s contribution, big or small, is so valuable. Support Threader by becoming premium or by donating on PayPal. Thank you.