Comment by mmooss
3 days ago
> you quickly learn the sad fact that quality is just not that important to your success.
Doesn't that depend on your audience? Also, what do you mean by quality?
Where I live, the best food can lead to big success. New tiny restaurants open, they have great food, eventually they open their big successor (or their second restaurant, third restaurant, etc.).
In my experience, the landlord catches onto the restaurant’s success and starts increasing rents and usually that means cuts in quality.
Might well be why McDonald’s is more of a real estate company than it is a food company: https://www.wallstreetsurvivor.com/mcdonalds-beyond-the-burg...
I believe this is called something like the 'Michelin Curse' but my google is not returning hits for that phrase, though the sentiment seems roughly correct [0]
[0] https://www.wsj.com/style/michelin-star-removal-giglio-resta...
Interesting; thanks.