Steadyhand’s Post

The competition between companies is growing more and more, dividing people on who they shop with... It's not even about quality for many of the big guys, but about profit.... For instance, that $1.50 hot dog soda combo may actually change when the CFO of Costco leaves..... https://lnkd.in/g8vw58jk It might not take a toll on some, but for those getting by makes it all the more difficult What I mean by getting by, even people bringing in $100k a year are having a hard time financially.... https://lnkd.in/gdV-4JuJ At this point, more and more are feeling the effects of inflation More are looking for other ways to bring in more income While this is true, that's because most don't create a contingency plan outside of their normal savings Meaning, that portfolio invested solely in the US is a poor choice to always remain balanced Does that mean you have to visit different countries to acquire assets and build investments?? No, there's plenty of sources that allow people from all over the world to stay where they're at and acquire and invest! For business owners, like yourself, that feel limited to growth in these daunting times........ Focus on what you currently have, and strengthen those core competencies!! It's one of the best ways to hone in on your expertise, tools and resources!! Those in the market looking to strategize this type of endeavor, let's connect! Send me a message HERE Connect through my website https://lnkd.in/gy4TkcyU EMAIL is the fastest: beachaminvestments@gmail.com #business #wealth #finance #economics #sales #marketing #investing

I'd love for someone, if they have the time, to talk me down off the ledge as to why this use of surge pricing is NOT third degree price discrimination. I mean, the value of the goods sold doesn't change on a temporal basis. By what means, save for Wendy's bottom line, does this benefit the market? Clearly Wendy's has the capacity to clear the market during busy times, so I don't think there are supply constraints (my own waist line lends support of this), so what gives? Wendy's reps, I'd love to hear from you. #wendys #surgepricing #pricediscrimination #marketing #pricingstrategy #pricingoptimization

Red Lobster, on the brink of seeking bankruptcy protection has been recently blaming its downfall on an ill fated “all you can eat shrimp” promotion, but its troubles go deeper than that, maybe even to its real estate. Back in 1995, Red Lobster’s owner, General Mills sold off the chain along with the rest of its restaurant division, which also included Olive Garden, as Darden Restaurants. But in 2014, amid flagging sales and pressure from investors, Darden sold Red Lobster for $2.1 billion to Golden Gate Capital, a San Francisco private-equity firm. That’s when the problems began. You see, to raise enough cash to buy the lucrative seafood chain, Golden Gate sold off Red Lobster's real estate to another entity — American Realty Capital Properties — and then immediately leased the restaurants back. As soon as they sell the real estate, the private-equity company is made whole, but the restaurant chain is now saddled with added rent indefinitely. It gets more complicated but as Red Lobster continued its downward trend over the next decade, few will remember how the economics have changed for Red Lobster from its heyday. Some will say Red Lobster is no longer in vogue, that consumer tastes have changed but we know better.

I've always been fascinated by Red Lobster. It's an interesting brand that culturally separates those who have less discretionary income and those who have more. For some, Red Lobster is the fanciest and most expensive restaurant in town (or a few towns over). It's the place your prom date takes you if you're one of the "rich kids." It's the place you share big family news or celebrate a milestone birthday. You get the check, get a lump in your throat, start to immediately cut back on other weekly expenses in your mind, and walk out feeling pretty doggone bougie. For others, it's a low-brow chain that doesn't serve "real seafood." It's a place you've visited once... or never. You make fun of it with family or friends as you nurse a great bowl of chowder and wait for your lobster salad at a locally owned seafood restaurant along the coast. You chuckle about how you'd never eat seafood at a Red Lobster in [fill in the blank landlocked city or state]. For you, it's the Chuck E. Cheese of seafood - a crowded weedend mess that surely peddles frozen seafood. [If you're ever unclear on someone's upbringing or food values, ask them what they think of Red Lobster. It's a brand conversation that will tell you a lot about a person.] Though it makes me sad, I'm not totally suprised the brand is suffering the same fate as ToysRUs, RiteAid, Bed Bath & Beyond, etc. What's the viable business model when you're a high-priced, special occasion option for some and a hard-no for others? (Especially when shady buy-outs are happening behind the scenes.) Early RIP, Red Lobster. As I iron my funeral dress, I will begin the search for black market Cheddar Bay Biscuits. :)

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Inflation has touched nearly everything these last few years — even Trader Joe’s 19-cent bananas. But Costco is holding the line on its hot dog-soda combo price. Costco’s hot dog deal, sold at its food courts, is still priced at $1.50 — exactly what it cost in 1985, before the Great Recession, the housing crisis, the pandemic and the latest bout of decades-high inflation. If Costco’s hot dog deal kept pace with inflation, it would be three times as expensive today — nearly $4.50. But Costco’s $1.50 combo is a strategic decision, known as a loss-leader: The company is willing to lose money selling the hot dogs at that price — inflation be darned — so long as it helps Costco draw in and retain customers.

INSANITY (OR RED LOBSTER MARKETING) = DOING THE SAME THING OVER & OVER EXPECTING A DIFFERENT OUTCOME. Red Lobster's "Ultimate Endless Shrimp" Deal is officially really bad. Not for customers who inhaled enormous quantities of shrimp. For the company. Last year, Red Lobster reported $11 million in operating losses following its flubbed promo, which backfired when it reeled in too many customers after the limited-time promo became a permanent menu fixture last June. You might be tempted to feel bad for Red Lobster. But they've been this insane before. In 2003 Red Lobster launched its "Endless Crab" special, which gave customers all-you-can-eat snow crab legs. They vastly underestimated just how many plates of crab people could eat and the company lost over $3.3 million in seven weeks. Then-president Edna Morris stepped down shortly afterward. Pretty sure "Eating Us Out of House & Home" is a terrible marketing strategy. Also insane if you do it twice. #CHEFWORTHY #REDLOBSTER #SHRIMP #ENDLESSSHRIMP #PROMOTION #ENDLESSCRAB #BADIDEA #REVIEWSMATTER #REVIEWS Visit https://www.chefworthy.pro to Rate, Review, Recommend and Research commercial foodservice equipment. As our way of saying "Thank You", we'll send you a $15 Amazon Gift Code for every review you submit & we publish (up to 3 per month/12 per calendar year). https://lnkd.in/gumMK52R

Welp... Foxtrot 2.0 😒 This article was sent in the Snaxshot chat *side tangent: if you have some spare 🤑 or thinking about a subscription to stay in the know, this one should be it* The last quote of the entire article says it all: https://lnkd.in/giQ_APsc "Investors handed one young guy with an MBA $100 million to launch a bunch of convenience stores. Meanwhile, the amount of bank credit available for small businesses has been shrinking after adjusting for inflation. The issue isn’t that VC-backed companies are encouraged to take big risks and swing for the fences; it’s that they’re encouraged to pour in money, create a bunch of problems, and then speed off in their Teslas" If you're in Chicago, World Business Chicago's Future of Food Summit is happening this week. Abin Kuriakose and his team put together an incredible line up of events this week that are truly worthwhile to attend. 🚨INVESTORS, ANGELS, VCs ATTENDING THESE EVENTS - Be and do better than Further Point Enterprises. Don't back the irresponsible Michael LaVitola like dummy with an MBA just because he negged you into it. Here are some companies you SHOULD be backing: Carolyn's Krisps, Geem, Kororin US Inc., Tubby's Taste, Nemi Snacks, TWISTED EGGROLL, LLC, Daily Crunch, realsy, LEXINGTON BAKES, Elavi, Chocolat- Uzma Sharif, Brewpoint Coffee, Ghost Town Oats, Dope Drip Cafe, Cajun Cafe Chicago, Taylor's Tacos, Keep It Savory Salt Co., Mother Prepper, Lēto Foods, Pink Salt LLC, Unbothered Foods, Kiley Fields, Gifted Breads LLC, Alexa Ryan (Berlin), Kombuchade, Lil Bucks, Sweet Thing Bake Shop, Pretty Cool Ice Cream, Bang Bang Pie & Biscuits, Balkan Bites, Trashy, High Desert Print Company, Tuan Huynh, Fatso Hard Hard Kitchen LLC, Laos To Your House... Those are just a few to name.

Even when saving food and ensuring potentially wasted food isn’t part of my job description, I do my best to connect people to food before it goes bad in my free time. It is so crazy to me that sometimes there can be legal consequences to that. “As her store was closing, Ridley asked her boss if she could take home some food, at least the perishable stuff, and her boss told her no—that food belonged to the bank now. Which was true. But also—disgusting.” Something that gets me up in the morning every day is knowing that there are people working on the businesses and policies of the future, actively participating in the #greatturning and creating the preconditions necessary for all beings to thrive - with clean water, access to healthy food, and secure housing/environments to live in. Another very true story about the way the world works right now is that everything is falling apart as a result of business as usual. “Investors handed one young guy with an MBA $100 million to launch a bunch of convenience stores. Meanwhile, the amount of bank credit available for small businesses has been shrinking after adjusting for inflation. The issue isn’t that VC-backed companies are encouraged to take big risks and swing for the fences; it’s that they’re encouraged to pour in money, create a bunch of problems, and then speed off in their Teslas.” If anything, we need to look at things falling apart as an invitation to improve them. And keep fighting for common sense laws that ensure humans, and their very real urgent needs to house and feed themselves, not ‘starving creditors,’ are put first. I invite you, if your first reaction to these thoughts is based on business as usual - “yes but that’s just how it is,” or “well how else could it be?” - to take a deep breath and challenge yourself to see a different reality before responding. If you started backwards from a future where all humans are taken care of, where people and the planet came first before profits, what else could possibly be true about our current circumstances. What opportunities would be available to shift business as usual?

If you don't live near Virginia, don't worry, you can order these delicious legumes nationwide on www. TasteSupply.com! Virginia has become well-known for its gourmet peanuts, with farmers in the southeastern portion of the state producing millions of pounds each year.   Virginia was the first known North American location for peanuts to be planted, but the name “Virginia Peanuts” is not just a designation for where the peanuts were grown. Virginia Peanuts are one of four distinct peanut varieties, and this variety stands out from the other peanut varieties in both size and taste; they are the largest peanut, are more flavorful than the three other varieties, and have a characteristic crunch when eaten.