Is fast food as a business doing well or is fast food dying out, how about vs the chipotle model.

[Australia Sucks]

You being an employee at multiple places does not mean you know how to run a business any more than owning stocks does.

Often times an experienced employee who is an industry veteran knows more about how to run the business than the business owner does but sometimes he did not want his own business for various reasons (doesn't want the risk, wants to spend time with his young children, has a big mortgage, etc). For example you can have a first time business owner with minimal industry who opened his first restaurant two years ago and he hires a chef who has 25 years experience and worked at 15 different venues. That chef has seen the successes and failure and what worked and didn't work under 15 venues with all different managers etc and has a good reference bank of experience.

Just because someone owns a business does not make them more knowledgeable, qualified or superior to their employees.

 

[Thomas More]

There are plenty of people who can run a business competently. If you can't find these people you are doing something wrong somewhere in the process.

Had to go for this bait as well. You should definitely start a business with your life savings, and maybe borrow money from all your loved ones, and hire one of these people to run your business competently. Think of all the money you'll make. You'll be counting your money, wondering why everybody doesn't do this.

 

[Australia Sucks]

Are you from Earth?


Walmart is known for paying wages that require their employees to go on food stamps. Kroger employees (or at least their King Sooper's division) went on strike two weeks ago for more money.

Exactly my point Walmart and Krogers pay their employees dogshit wages and Costco pays their employees well. Guess who is growing faster? Costco of course. Guess who has lower employee theft levels? Costco of course.

 

[Australia Sucks]

You should definitely start a business with your life savings, and maybe borrow money from all your loved ones, and hire one of these people to run your business competently.

I am smarter than that. Why would I bother with the headache of owning a business when Bitcoin is such a profitable investment and I just have to sit there and do nothing while it goes up. Andrew Tate made this point quite well.

 

[FrancisK]

Often times an experienced employee who is an industry veteran knows more about how to run the business than the business owner does but sometimes he did not want his own business for various reasons (doesn't want the risk, wants to spend time with his young children, has a big mortgage, etc). For example you can have a first time business owner with minimal industry who opened his first restaurant two years ago and he hires a chef who has 25 years experience and worked at 15 different venues. That chef has seen the successes and failure and what worked and didn't work under 15 venues with all different managers etc and has a good reference bank of experience.

Just because someone owns a business does not make them more knowledgeable, qualified or superior to their employees.

Great....what's your point? That there are employees who can run a business better than the owner can....awesome. What's your point?

Is this another way for you trying to justify that you know how to run a business because you've been employed and own stocks?

 

[Australia Sucks]

Is this another way for you trying to justify that you know how to run a business because you've been employed and own stocks?

I know I could run a successful business if I wanted to. I just don't want the headache. Besides whats the point of owning a business if I can just own Bitcoin?

 

[FrancisK]

I know I could run a successful business if I wanted to. I just don't want the headache. Besides whats the point of owning a business if I can just own Bitcoin?

You want to start a small business paying your monkey work employees starting at (watch how quotes work) "$30 per hour plus overtime and bonuses".

You will be out of business faster than it took you to open it.

Stick to bitcoin, believe me I'm not going to sit here and tell you how to run your bitcoin wallet.

 

[Australia Sucks]

"$30 per hour plus overtime and bonuses".

I actually said in my previous posts (if you read them carefully) they should start at $25 per hour plus overtime and bonuses (if deserved) and later they could eventually be bumped up to $30 per hour if they are doing well.

Stick to bitcoin

To be honest you seem to have made enough money I am not sure why you still even bother with owning all of these businesses. There is more to life than work you know. You could just sell all of the businesses and put a lot of money into Bitcoin and some money into stocks, gold, etc and make good returns without having too do much. But I guess some people just enjoy their life being more complicated than it needs to be.

 

[Douglas Quaid]

Are you from Earth?


Walmart is known for paying wages that require their employees to go on food stamps. Kroger employees (or at least their King Sooper's division) went on strike two weeks ago for more money.

The things is, people who think it is competitive to offer higher pay should go into business and outcompete the existing businesses who offer self destructive pay levels. Oddly enough, people who risk all they own to go into business, and who have to face the motivation levels of the people they hire, end up changing their tunes real fast.

The simple fact: there are never enough good people, and paying bad people more than they are worth will not turn them into good people. It's real hard to run a business and manage the employees to the point where they are generating enough value that employing them is profitable. Most businesses that startup and try to do this go broke.

I can only speak from the manual labor side of things, but when many of these companies are paying a laborer $18/hr, they are then charging the customer 3-4 times that laborer's rate. So they're making pretty good money off these laborers. Knowing that, I don't think it's unreasonable to ask for a few more bucks an hour to start out. Especially when pretty much every other industry in town is paying entry-level employees more, and often for easier work.

I recently had an interview to be an electrical helper, and the owner even admitted they were trying to hire laborers to do the jobs of apprentices because a laborer costs them less.

And for reference, most of the cheapest small studio apartments around here start at $1500 before utilities. So yeah, these older guys might have started at $10/hr, but they were also paying under $500 for rent.

 

[FrancisK]

I actually said in my previous posts (if you read them carefully) they should start at $25 per hour plus overtime and bonuses (if deserved) and later they could eventually be bumped up to $30 per hour if they are doing well.


To be honest you seem to have made enough money I am not sure why you still even bother with owning all of these businesses. There is more to life than work you know. You could just sell all of the businesses and put a lot of money into Bitcoin and some money into stocks, gold, etc and make good returns without having too do much. But I guess some people just enjoy their life being more complicated than it needs to be.

That was a direct quote from you buddy, $30 an hour plus overtime and bonuses. Fine make it starting at $25, you'll last one more month maybe.


Here comes the deflection haha, I have no interest in living the life you are after. There is more to life than the pursuit of doing nothing.

 

[FrancisK]

I can only speak from the manual labor side of things, but when many of these companies are paying a laborer $18/hr, they are then charging the customer 3-4 times that laborer's rate. So they're making pretty good money off these laborers. Knowing that, I don't think it's unreasonable to ask for a few more bucks an hour to start out. Especially when pretty much every other industry in town is paying entry-level employees more, and often for easier work.

I recently had an interview to be an electrical helper, and the owner even admitted they were trying to hire laborers to do the jobs of apprentices because a laborer costs them less.

And for reference, most of the cheapest small studio apartments around here start at $1500 before utilities. So yeah, these older guys might have started at $10/hr, but they were also paying under $500 for rent.

The concept of a skilled trade making only $18 an hour is wild to me, how is that so far off from what the common sentiment of skilled trades is right now?

 

[Douglas Quaid]

The concept of a skilled trade making only $18 an hour is wild to me, how is that so far off from what the common sentiment of skilled trades is right now?

These are for laborers, so entry-level employees. Licensed journeymen (electricians, plumbers, etc.) make much more, but it takes a while to get to that point. And you have to jump through a lot of hoops along the way.

Unlicensed tradesmen, like a carpenter, can do ok but aren't making nearly as much as an electrician or plumber.

 

[Australia Sucks]

That was a direct quote from you buddy, $30 an hour plus overtime and bonuses. Fine make it starting at $25, you'll last one more month maybe.


Here comes the deflection haha, I have no interest in living the life you are after. There is more to life than the pursuit of doing nothing.

Sometimes doing nothing can be more profitable.

There was the old research from Fidelity showing that on average their dead clients (estates, etc) were making better returns on their stock portfolios on average than their living clients because the dead ones were not trading their positions and were just holding.

Do you honestly think that sweating to run all of your businesses over the next ten years will make you more money than if you cashed out and put most of the money into Bitcoin? Your lifespan would probably increase also from not dealing with the stress of running all these businesses.

 

[FrancisK]

These are for laborers, so entry-level employees. Licensed journeymen (electricians, plumbers, etc.) make much more, but it takes a while to get to that point. And you have to jump through a lot of hoops along the way.

Unlicensed tradesmen, like a carpenter, can do ok but aren't making nearly as much as an electrician or plumber.

Dude I pay more than that for guys to move boxes. I have relatives who own business with even less demanding work than that who pay more than that. Do you mind if I ask what state you're in?

 

[Douglas Quaid]

Dude I pay more than that for guys to move boxes. I have relatives who own business with even less demanding work than that who pay more than that. Do you mind if I ask what state you're in?

Yeah it's a bunch of nonsense. I live in Oregon.

 

[FrancisK]

Sometimes doing nothing can be more profitable.

There was the old research from Fidelity showing that on average their dead clients (estates, etc) were making better returns on their stock portfolios on average their living clients because the dead ones were not trading their positions and were just holding.

Do you honestly think that sweating to run all of your businesses over the next ten years will make you more money than if you cashed out and put most of the money into Bitcoin? Your lifespan would probably increase also from not dealing with the stress of running all these businesses.

I own lots of bitcoin as well as stocks and lots of other passive income shit as well. I enjoy having responsibility and working towards goals as well as providing for others, especially providing for the people I love and care about the best I can. I have no interest in dropping my life and moving away from the ones I love to do nothing and chase virgins, I realize this is not something you can comprehend it's simply a fundamental difference in who we are as two different men.

 

[FrancisK]

Yeah it's a bunch of nonsense. I live in Oregon.

Thats shit, I didn't know it was like that out there. So what's your plan as of now?

 

[Australia Sucks]

That was a direct quote from you buddy, $30 an hour plus overtime and bonuses. Fine make it starting at $25, you'll last one more month maybe.


Here comes the deflection haha, I have no interest in living the life you are after. There is more to life than the pursuit of doing nothing.

A lot of the time businesses actually can afford to pay employees more than they think they can.

I remember for example on online business forum a guy was telling a story about his friend who owned a pub. The pub owner was struggling to hire a good head chef with the average pay that he was offering. So he decided to try a different approach. He bumped up the salary on offer by 50% so that was now way above average and hired an excellent head chef with a lot of experience in fine dining venues. The pub owner then put the prices upon all menu items that they retained by $1 to pay for the increased salary of the head chef and also the new head chef got rid of some old items and replaced them with new fancier offerings (at a higher price point). Sales and profits increased dramatically within a few months (because the food was better).

 

[FrancisK]

A lot of the time businesses actually can afford to pay employees more than they think they can.

I remember for example on online business forum a guy was telling a story about his friend who owned a pub. The pub owner was struggling to hire a good head chef with the average pay that he was offering. So he decided to try a different approach. He bumped up the salary on offer by 50% so that was now way above average and hired an excellent head chef with a lot of experience in fine dining venues. The pub owner then put the prices upon all menu items that they retained by $1 to pay for the increased salary of the head chef and also the new head chef got rid of some old items and replaced them with new fancier offerings (at a higher price point). Sales and profits increased dramatically within a few months (because the food was better).

A head chef is not a monkey work employee dude, a head chef is the most important job in that business. Honestly give it a rest you're just digging deeper....

 

[Australia Sucks]

I enjoy having responsibility and working towards goals as well as providing for others,

Have fun working yourself into a early grave. I plan on living to 100.