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re: 200,00 likes for this tweet: "you shouldn't own a business if you can't afford $15 MW

Posted on 1/16/21 at 7:18 am to
Posted by Catchfalaya
Member since Feb 2018
1937 posts
Posted on 1/16/21 at 7:18 am to
I own a couple sandwich franchises. If I had to double my labor cost I would be breaking even/losing money. The only way I survive is to instantly raise the price of my product by $2.00 a sub.
Posted by YStar
Member since Mar 2013
15213 posts
Posted on 1/16/21 at 8:36 am to
quote:

I own a couple sandwich franchises. If I had to double my labor cost I would be breaking even/losing money. The only way I survive is to instantly raise the price of my product by $2.00 a sub.


Raising it $2 won't cut it, you would be basically subsidizing those businesses with income generated in your other ventures or career.
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