Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (662311)	7/17/2012 8:03:43 AM
From: Taro	Read Replies (1) \| Respond to of 1579731

Chinese restaurants, however, survive on nothing! Proof: I have frequently passed by several - not so great, I must assume - Chinese restaurants in different parts of the world, and while they were practically always empty, not a single one has closed shop so far! I just don't know how they make it... /Taro

To: longnshort who wrote (662311)	7/17/2012 2:58:36 PM
From: i-node	Respond to of 1579731

>> and if they survive more than 5-10 years it's a miracle. This is true. Everyone knows someone, and probably a ton of someones, who have tried and failed at the restaurant business. It is really difficult to overcome a lousy location and that is the mistake made by many. But it can be done. What cannot be overcome is lousy cost control. You can't waste anything; controlling food costs is critical. And you have to cut lousy employees loose at once. You cannot afford to pay people to sit on their asses. And you sure as hell can't be buying health insurance for employees. The model just doesn't work. I cannot imagine how my dad's business would have turned out if someone had required him to buy health insurance for his employees. For one, he would never have been able to add the third store, which is the one that started the business rolling. Couldn't have been done. I have 100% recall of going to that store to close up the first week of business. The first night, total sales were $40. He said, "David, I don't know about this..." Over a period of six years it turned into something, but the absolute truth is that store could never have opened if he'd had to pay for health insurance. The idiot in the WH has no understanding, whatsoever, what it is to run a business.