There's an easy solution to having too much business : raise prices. I think this is one of A16Z's big insights into most businesses[1]: they don't charge enough. If you look at the best restaurants in America like the French Laundry in Napa, they charge astronomical ridiculous prices and they still have reservations for months ahead of time. The oldest restaurant in Paris requires you put down a 400 euro deposit jus…
They live in a community. If they raise prices such that their friends and neighbors can not afford to eat there, they will become social pariahs. It would be very difficult to do, and it would alienate the very people they probably wanted to be serving. If you’re a restaurateur, you probably don’t even live near that restaurant. But this advice is tantamount to: tell your friends and everyone who helped you get wher…
I Found the Best Burger Place in America, Then I Killed It
91–100 of 410 posts
Re: I Found the Best Burger Place in America, Then I Killed It
#92Re: I Found the Best Burger Place in America, Then I Killed It
#93One of the sad things about this sort of list is that it's literally just one guy's opinion. Sure, he tried all the burgers. I'm sure all the burgers in the top 100 are good burgers, but there's probably very little separating them except some personal preference. For example, I probably wouldn't have rated this place as high because I don't care for grilled onions on burgers; I would much rather have raw onions. The…
However, there are lots of definitely mediocre restaurants out there that would not make it to anyone's top ten list. So I'd have every reason to visit a restaurant on this sort of list as opposed to visiting a restaurant at random.
Personally, I'm OK with either grilled or raw onions (though I prefer raw). But there are lots of characteristics with few if any fans - soggy, overdone, cooked lettuce, etc.
The big thing is most restaurants don't have any reason to work at being good not to mention great. Most restaurants just soak up whoever happens to be in the area and has a preference for their type of food and so mediocrity not pretending to be anything else rules. Good-enough food at a good-enough price to make the owner a good-enough profit is it.
Re: I Found the Best Burger Place in America, Then I Killed It
#94People are lemmings. Franklin's BBQ in Austin has hours long lines. It's very good brisket. The hill country of Texas is FILLED with equally good brisket joints that don't have lines. People who wait in line for 4 hours won't admit this. Cognitive dissonance kicks in, and Franklin's is unique and better than everyone else in their minds. Try telling a person that their Bose headphones are overpriced and overrated, an…
I'm not sure how much better Franklin's would be, but I'm not sure I would care all that much either.
Re: I Found the Best Burger Place in America, Then I Killed It
#95"Too much love will kill you, just as sure as none." It's an interesting reflection on the effect of the internet hordes that can be called up by a careless article or tweet. A similar thing happens to restaurants that receive the Michelin stars and to single individuals that end up being in more popular demand than can be sustained (this happens to some consultants). Not all of the typical defenses are available all…
Speaking of not fair, I'm imagining a scenario where prices fluctuate by the hour or by the customer. Maybe it's not unfair, but just different.
Re: I Found the Best Burger Place in America, Then I Killed It
#96If this doesn't solve it, then raise the price. Still too many people, and long waits - what a great problem - get a loan and open a second location or expand the first.
Re: I Found the Best Burger Place in America, Then I Killed It
#97Earlier quoted context omitted.
Raising prices would reduce the volume of customers, so the restaurant could maintain its quality standard, but Stanich felt his mission was to give back to the local community of regular diners. He didn't want to price out regular, repeat customers from the neighborhood and have only tourists eating there.
What about raising prices (at the exclusion of the locals), and then using the increased revenue to philanthropically give back to the community in a meaningful way?
At best, it can be a target of a GoFundMe or something - but that's just to pay operating costs. The store itself has to operate like a normal capitalist store for the concept to work, accepting customers, charging money, etc. There is no concept in our society of a non-profit burger joint.
Re: I Found the Best Burger Place in America, Then I Killed It
#98Reminds me of a Nathan For You episode that lampoons the idea of ranking something as subjective as a burger. Nathan convinces the owner of a burger joint in LA to go on a popular local radio station and promise that he has the best burger in LA, and offer $100 to anyone who eats there and disagrees. The comedy in this is apparent to pretty much anyone, but people will still refer to different restaurants as 'the bes…
My mood has more effect on the pleasure I get from many things than their intrinsic nature. The first beer on holiday in a new country is the best beer you've ever tasted. A meal eaten in silence when you've been looking forward to it tastes divine. Hell - my own narcissism even overrides most things. My own cooking is often my favourite thing in the world. And on the other side of things - high expectations or rote…
Re: I Found the Best Burger Place in America, Then I Killed It
#99There's an easy solution to having too much business : raise prices. I think this is one of A16Z's big insights into most businesses[1]: they don't charge enough. If you look at the best restaurants in America like the French Laundry in Napa, they charge astronomical ridiculous prices and they still have reservations for months ahead of time. The oldest restaurant in Paris requires you put down a 400 euro deposit jus…
P.S. And then when the next "top N burger joints in America" list comes out that everyone goes crazy for and all the burger-tourists start going somewhere else now you've lost your local customer base and you might go out of business regardless. Raising prices works well if you're a fine dining establishment in a dense metro area and that's the kind of business you expect to run. It doesn't work so well for burger joints or BBQ shacks elevated to a bizarre level of temporary fame.
Re: I Found the Best Burger Place in America, Then I Killed It
#100Earlier quoted context omitted.
Others in this thread have suggested that the restaurant give locals a 'locals card', which would allow them to purchase food at a more reasonable price.
Burger pass. $30 for a burger pass. Gets you burgers for $4 for the rest of the year. or pay $20 for a burger now. You can secretly give out burger passes to locals when the tourists aren't looking.