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McDonald's home office employees panic when told they might have to spend some time actually working in a McDonald's restaurant.
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September 29, 2014
September 27, 2014
September 25, 2014
September 24, 2014
Franchise Industry Strikes Back
"This joint employee-employer thing, if that goes through, that's a hand
grenade in
the middle of the [franchising] business model," says Two Men and a Truck and
BrightStar Care franchisee Bill Bass.
Franchise Industry Strikes Back at NLRB's 'Joint Employer' Decision
.
the middle of the [franchising] business model," says Two Men and a Truck and
BrightStar Care franchisee Bill Bass.
Franchise Industry Strikes Back at NLRB's 'Joint Employer' Decision
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September 23, 2014
September 20, 2014
Accountants are Important, But ...
All too often I’ll come across a McDonald’s Operator who is thinking about selling a really
good store. A store with high volume, reasonable rent, a good facility, etc. The Operator
will say something like, “I’m going to meet with my accountant to determine what the store
is worth”.
What?
This the product of years of focus on cash flow ratios, valuations by experts, and continued
interference in store resales by McDonald’s corporate.
Accountants don’t determine resale prices of McDonald’s stores – the seller and market
conditions ultimately decide the selling price.
Accountants play an essential role in store sales. They can help the buyer decide if they can
afford the deal. They help the seller with tax ramifications and other issues.
But having an accountant determine the value of a uniquely good store?
Nonsense.
.
good store. A store with high volume, reasonable rent, a good facility, etc. The Operator
will say something like, “I’m going to meet with my accountant to determine what the store
is worth”.
What?
This the product of years of focus on cash flow ratios, valuations by experts, and continued
interference in store resales by McDonald’s corporate.
Accountants don’t determine resale prices of McDonald’s stores – the seller and market
conditions ultimately decide the selling price.
Accountants play an essential role in store sales. They can help the buyer decide if they can
afford the deal. They help the seller with tax ramifications and other issues.
But having an accountant determine the value of a uniquely good store?
Nonsense.
.
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September 17, 2014
Build-A-Burger: A National Launch
I previously referred to the four store McDonald's Build-A-Burger program in Southern
California as a "test". It's not a test - it's the preordained future of McDonald's.
When four stores out of 800 plus are conducting an operational "test" one does not bring
in the national media to create a PR stunt. The San Diego and Los Angeles CoOps have
already launched a social media campaign to draw reporters into the restaurants.
How does management back away from this without admitting to a huge failure?
In fact, I don't think there are any real "tests" in McDonald's any longer. Someone comes
up with an idea to copy a competitor, the Innovation Center develops the product, and
the national roll-out plan is finalized.
Therefore, at the very beginning of the "test", we get this on Twitter:
.
California as a "test". It's not a test - it's the preordained future of McDonald's.
When four stores out of 800 plus are conducting an operational "test" one does not bring
in the national media to create a PR stunt. The San Diego and Los Angeles CoOps have
already launched a social media campaign to draw reporters into the restaurants.
How does management back away from this without admitting to a huge failure?
In fact, I don't think there are any real "tests" in McDonald's any longer. Someone comes
up with an idea to copy a competitor, the Innovation Center develops the product, and
the national roll-out plan is finalized.
Therefore, at the very beginning of the "test", we get this on Twitter:
Breaking Burger News: Media, bring your press badge to McD's @ 3805 Midway Dr. before 2:30 pm for a FREE Build Your Burger #myperfectburger
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September 16, 2014
Nothing's Ever Simple Is It?
 |
| Can you reach it? Please pull your car closer to the building. |
Apple Pay At McDonald's Drive-Through - Business Insider
.
Cashing In On The Way Out
On September 12 McDonald's SVP Jeff Stratton sold MCD shares valued at
$2,870,869.00. In addition he exercised his option on 23,172 shares of MCD
purchasing them at $56.64 a share. If he were to sell these exercised shares at
today's closing price he would net another $860,100.00.
.
$2,870,869.00. In addition he exercised his option on 23,172 shares of MCD
purchasing them at $56.64 a share. If he were to sell these exercised shares at
today's closing price he would net another $860,100.00.
.
September 11, 2014
September 10, 2014
September 9, 2014
September 8, 2014
Memo To McDonald's - New U.S. President's To-Do List
Thanks to the McDonald's Operators who pointed out this Seeking Alpha article by author
Denise Lee Yohn. She suggests Mike Andres should:
* Stop introducing new products outside the core menu.
* Stop courting the media when it comes to quality.
* Stop the retail bagged coffee.
* Start improving value perceptions.
* Continue streamlining the menu.
* Re-focus on families.
Memo To McDonald's: Core Execution Should Be On New U.S. President's To-Do List
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Denise Lee Yohn. She suggests Mike Andres should:
* Stop introducing new products outside the core menu.
* Stop courting the media when it comes to quality.
* Stop the retail bagged coffee.
* Start improving value perceptions.
* Continue streamlining the menu.
* Re-focus on families.
Memo To McDonald's: Core Execution Should Be On New U.S. President's To-Do List
.
September 7, 2014
Fast-Food Workers Supporting Families?
"It’s not necessarily the case, as the president implied, that most fast-food workers
work to “provide for their families.” In fact, 73.4 percent of them are childless,
according to government data..."
How Congress could raise incomes for struggling workers - The Washington Post
.
work to “provide for their families.” In fact, 73.4 percent of them are childless,
according to government data..."
How Congress could raise incomes for struggling workers - The Washington Post
.
September 6, 2014
September 5, 2014
Starbucks to Launch Express Stores
"to capitalize on the strength of its drive-through stores, which make up about 40%
of its U.S. company-operated stores and have higher sales growth than stores without
drive-through service"
Wall Street Journal Reports
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of its U.S. company-operated stores and have higher sales growth than stores without
drive-through service"
Wall Street Journal Reports
.
September 4, 2014
September 3, 2014
September 2, 2014
Does McDonald’s stand a chance with Millennials?
Most of these internet videos are pretty vapid but this discussion by an analyst,
a business school professor, and a couple of sharp commentators is interesting.
Watch "Does McDonald’s stand a chance with Millennials? - Bloomberg" at nrn
.
a business school professor, and a couple of sharp commentators is interesting.
Watch "Does McDonald’s stand a chance with Millennials? - Bloomberg" at nrn
.
