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.
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