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Article Archive: Business
The economics of buffets | 02/01/20 | | Business | "Like most restaurants, buffets operate on extremely thin margins: For every $20 in revenue, $19 might go toward overhead, leaving $1 (5%) in net profit."
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The Chick-fil-A franchise | 02/01/20 | | Business | "Food is the most competitive industry known to man: It has the highest investment level of any industry, the highest failure rate, and the lowest margins."
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Ramen profitable | 09/04/09 | | Business | "Now that the term "ramen profitable" has become widespread, I ought to explain precisely what the idea entails. Ramen profitable means a startup makes just enough to pay the founders' living expenses. This is a different form of profitability than startups have traditionally aimed for. Traditional profitability means a big bet is finally paying off, whereas the main importance of ramen profitability is that it buys you time."
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