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Low margin businesses like this with so many responsibilities won't work, unless you have limitless amounts of money. They simply can't compete on price, unles
by pfarnsworth 9y ago
Low margin businesses like this with so many responsibilities won't work, unless you have limitless amounts of money. They simply can't compete on price, unless they can drop the price so low that it creates a new market, like Uber did.
Instead of $15 meals, they need to go up to $30 meals and have real waiters bring the food and serve it to them.
Margins are what you need to be able to survive.
- cat199 9y ago> They simply can't compete on price, unless they can drop the price so low that it creates a new market, like Uber did. and what other people are saying is at least in some markets somewhat of an illusion based on investment subsidies..
- emodendroket 9y ago> unless they can drop the price so low that it creates a new market, like Uber did. I mean, sure, if you're willing to eat losses for years and years you can compete on price.