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…
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.
I Found the Best Burger Place in America, Then I Killed It
51–60 of 410 posts
Re: I Found the Best Burger Place in America, Then I Killed It
#52There is a local barbershop I have been going to for the past 4 years or so. Recently, they wanted to increase some business, so they were asking customers to leave a review. Loving the place and wanting to give back, I left a good review on Google. Fast forward a few weeks, and received emails from google saying my review has been viewed 100s of times. I used to be able to call and get an appointment the same day, o…
I'd have no shame about asking for some free haircuts as well. Your review is probably responsible for increasing their business 1.3-1.5x
Re: I Found the Best Burger Place in America, Then I Killed It
#53There'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…
Re: I Found the Best Burger Place in America, Then I Killed It
#54"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…
Not disagreeing but the "they" is "us". You're not in a traffic jam, you are the traffic jam.
Re: I Found the Best Burger Place in America, Then I Killed It
#55There is a local barbershop I have been going to for the past 4 years or so. Recently, they wanted to increase some business, so they were asking customers to leave a review. Loving the place and wanting to give back, I left a good review on Google. Fast forward a few weeks, and received emails from google saying my review has been viewed 100s of times. I used to be able to call and get an appointment the same day, o…
Re: I Found the Best Burger Place in America, Then I Killed It
#56There'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…
The food was merely okay. The story was that it was cheap and decent, not good. But as I stood looking at the staff I couldn't help thinking that it would be better for everyone if they raised their prices $2 a plate and just slowed down.
Re: I Found the Best Burger Place in America, Then I Killed It
#57People 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…
do you know of a pair of better/cheaper over the ear noise cancelling headphones?
Re: I Found the Best Burger Place in America, Then I Killed It
#58Earlier quoted context omitted.
The most confusing thing about the line at Franklin's is you can just order it to go and skip the line entirely. Granted, you have to plan ahead a bit, but who's deciding at the spur of the moment to go eat lunch at Franklin's anyway?
I believe there is such a thing as "queuing culture." I don't know if it's driven by Disney resorts and cruises, but it seems as if people like standing in line for some reason.
Re: I Found the Best Burger Place in America, Then I Killed It
#59People 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…
do you know of a pair of better/cheaper over the ear noise cancelling headphones?
Re: I Found the Best Burger Place in America, Then I Killed It
#60Earlier quoted context omitted.
do you know of a pair of better/cheaper over the ear noise cancelling headphones?
Came to say the same thing. I'm not exactly an audiophile, but being able to listen to an audio book at less than 110% volume while walking next to a busy road is fantastic.