Re:To Survive in Tough Times, Restaurants Turn to Data-Mining
by dsfyu404ed on Monday August 28, 2017 @03:03PM
(#15119153)
That doesn't mean you can't suitably insulate yourself from the failure and make a lot of money running the place into the ground in the meantime.
It's like a college bar that serves to underage people. It closes amid controversy, changes ownership and reopens with a different visual theme and the same business practices every few years.
You can do this with all sorts of businesses. It's more common in places where people have a lot of disposable income and you can run a bad business for a few years before people smarten up, word gets around and the place folds. Tourist areas, college towns, whichever town is seeing an influx of tech industry money or an oil boom, etc are the places where you can run a bad business the longest before folding.
It's like a college bar that serves to underage people. It closes amid controversy, changes ownership and reopens with a different visual theme and the same business practices every few years.
You can do this with all sorts of businesses. It's more common in places where people have a lot of disposable income and you can run a bad business for a few years before people smarten up, word gets around and the place folds. Tourist areas, college towns, whichever town is seeing an influx of tech industry money or an oil boom, etc are the places where you can run a bad business the longest before folding.