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McDonald's Real Estate: How They Really Make Their Money (2015)

blog.wallstreetsurvivor.com

241–250 of 273 posts

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#241

Earlier quoted context omitted.

I recall it exactly. When you start to trust theory over reality I'm sure you've taken a bad turn.

Anecdotal evidence is not evidence! Especially anecdotal data reported by the subject. All you are showing is a fundemental misunderstanding of scientific process.

Anecdotal evidence is evidence (hence the name). You just can't apply the usual statistical methods that assume the evidence was sampled perfectly randomly from an effectively infinite population. Empirical evidence rarely lives up to the theoretical requirements, either, but that doesn't stop science from progressing.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#242
post #186
post #81

Earlier quoted context omitted.

With this kind of logic, flushing your toilet is disrespectful to people in Africa with limited access to drinkable water.

Well, it is. So don't be wasting water unnecessarily. If you spent time and money eating at McDonald's why would you throw it away? Our society wastes a lot for sure so try not to. Don't go to McDonald's in the first place.

We don't have a water shortage problem just like we don't have a food shortage problem. We have a water/food distribution problem. Throwing away a burger in the US takes nothing away from Africa.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#243
post #191
post #142

Earlier quoted context omitted.

As Dave Chapelle would put it; you can't do comparative suffering. There might be people starving in Africa, but I still want my lunch.

Do you take a bite out of your lunch and then throw it away? :D

Would it make any difference to the hungry if he ate the whole thing? They'd still be hungry.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#244

Earlier quoted context omitted.

Certainly noticeable in the UK, the variance between one BK and another can be huge where McD's is so consistent it's hard to tell who owns which. McD's are masters at standardising 'generally acceptable in a pinch' food.

I thought UK McDo were a single company and not franchisees?

Most of the UK stores are owned by the parent company. There are a few franchisee stores though.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#245
post #236

Earlier quoted context omitted.

I think that's excessively reductive and there are other differences, like incontrovertible proof there is no Santa (as opposed to merely a lack of evidence), the fact that Santa often has the exact same handwriting as Mom and Dad, the fact that no supernatural powers are attributed to him and yet he would need them to do what he supposedly does, etc. Besides that a debate about Christian apologetics kind of takes us…

Santa Claus is Saint Nicholas, in order to become a Saint you have to performed miracles in the eyes of the Catholic church. He certainly does have super power, at least the ability to resurrect childre, if he is real.

I think we can safely say that Santa Claus the children's character is almost completely divorced from the guy who punched Arius at the Council of Nicea.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#246

Earlier quoted context omitted.

You have to get good information, make sure it is good information Yes, but often much of this can happen largely as a consequence of your doing something else, and you may not realize it. convince a market that it is good information Which is just basic Marketing. and then prevent your competitors and your clients from simply replicating your process Which is also a common issue with startups in general. Good word o…

Some people have done sorta ok with this as a fallback position when their business model failed. I think it's a pretty dicey proposition. Foursquare did it after failing at everything else, and while they're ostensibly 'profitable' they're deeply in the red with little hope of a return to their investors. They're surviving to fight another day, but... eh.

Some people have done sorta ok with this as a fallback position when their business model failed. I think it's a pretty dicey proposition. Foursquare did it after failing at everything else, and while they're ostensibly 'profitable' they're deeply in the red with little hope of a return to their investors.

Sounds like they are deeply in the red because they were chasing something else? What if they realized this much sooner and didn't get so deeply into the red? Then they'd just have a solid and profitable business. I wouldn't discount this kind of business model. That kind of "sorta ok" is only a disappointment if you were hoping to be the next Facebook. Isn't that just greed clouding people's vision? A goose that lays copper eggs is still pretty darn nifty.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#247

Earlier quoted context omitted.

I watched that the other day. Kroc was just as visionary, if also greedy and manipulative and ready to succeed at all costs. He's clearly not afraid to steal a business or wife. He's also somehow easy to relate to (thanks Keaton). You can see him lying to himself and justifying his actions. Got the feeling that Kroc wasn't all that different from many SV founders. You don't go to SV to make a burger stand, you go the…

Can you recommend any reading on the founding of Twitter?

I've been listening to:

"Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal"

https://www.amazon.com/dp/B00CDUVSQ0/

As you can tell, it's the kind of thing meant for the best seller list and isn't a scholarly work or anything, but the preface stresses it's based on lots of interviews.

If nothing else, it's a fun read and the background of the founders is pretty interesting.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#248

Earlier quoted context omitted.

> Other chains (ie: Burger King) have had more significant problems with enforcing franchise standards. Why have Burger King in particular had this problem?

They meant to put e.g.

This is why I just go with (ex: Burger King) because everyone can understand it. When you have enough ambiguity and misunderstanding of a language/grammar syntax, it's better to avoid it in a public forum.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#249
post #234
post #224

Earlier quoted context omitted.

I was in a pretty busy McDonalds so we were usually asked to do one more of X when doing X, or two more of Y, or 5 more of Z, ... depending on the rush. That's how we ended up trashing some. That's because, when doing a big mac for example, it's almost as easy to make one or five on a tray. So better make 5 if you're in a rush, they will likely be fulfilled. In cool periods we would only produce on command. So no was…

In my experience, franchise stores were generally better run than McOpCo stores. Many of the McOpCo stores were stepping stones for their mgmt staff so they didn't care about profits as much. They ran their stores by the book, but that didn't always correlate with a well run store. I used to be able to spot a McOpCo store within a few minutes of walking in.

define better run? You mean from a business stand point? Sure. We would throw a lot of things, wash our hands all the time. From a hygienic/client point of view? I wouldn't agree.

Re: McDonald's Real Estate: How They Really Make Their Money (2015)

#250

I wonder why this is sitting at the stop when the MS critique with less votes in less time in at the bottom of the page? Hacker News story placement can be confusing at times. I would understand if they have some tech centric metric somehow, but this isn't even tech?

From the rules: > On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity. Personally, anything that is counterintuitive or surprising gratifies my intellectual curiosity. "You thought that X was important for this business, but you've been bamboozled this…

Makes sense, more curious about the opaqueness of voting and what shows at the top!
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