Cropper, have you considered other business models versus owning/operating restaurants yourself? From the little information you've given it sounds like you could potentially sell/lease your product to existing restaurants, which would still give you a lot of potential upside without so much up front investment risk.
@5y89sdfih "From the little information you've given it sounds like you could potentially sell/lease your product to existing restaurants, which would still give you a lot of potential upside without so much up front investment risk."
Mr Cropper - question for you: Since you seem to be keen on teaching, why don't you approach VanDamme Academy (or Leport Schools, another Objectivist elementary school in Southern California run by Dr. Leport, a physician) and try to work first for them, who seem to be running a successful operation, for the time being?
@Virtueman1 "Why not complete a college degree then work for Lisa?"
I spent 4 years full time at university. I'd have to go back for a degree, and that would inevitably lead to murder, or at least man-slaughter if my lawyer could work some angle, but worst case scenario would find me in the lethal injection chamber and several professors would be 6 feet under. Four years was enough for me.
Angel investors would want a controlling stake for that kind of capital intensive profitable operation. In my view, you want to operate a restaurant, so compromise on some of the "end-game" goals such as a full service area and a fast food area served by one kitchen on Colonel Sanders acreage. Operate a pre-existing restaurant by lease. Don't become what is in fact a real estate investor — the worst aspect of McDonald's balance sheet — the biggest thing holding the company back.
@yankeewh1te You have to prove yourself with serious skin-in-the-game risk. In my view one should have a 51% controlling interest via 51% equity injection with 100% of the shares having voting rights, not by having all the equity come in through shares without voting rights, retaining 51% of spared voting-right shares to oneself. This is only possible by putting aside the dream for awhile for some serious executory incrementalism and realistic-actualization-notion refinement.
@yankeewh1te i.e., such as working in another existing restaurant establishment and preparing a capital buffer for a loan, the bank being the financier, basically, you, a debtor, effective bond, i.e., the title to wealth in your hands, the initial owner equity injection — in your name. Or.. break with my ideal principle.. or.. forget the 51% and have some angel investor tell you it's 5% or they walk.
@yankeewh1te "This is only possible by putting aside the dream for awhile for some serious executory incrementalism"
True, maybe that's the only way it will happen. However, 5 years from now I could either be openning the 6th location, or I could just be getting started. I'd like to be on the way to a succesful chain by then.
24:20 "and people would not go to Chili's and Applebee's any more [...] because they would just be bored"
There's your problem. You would have to *hope* they would be bored. But we solved the restaurant boredom problem four years ago: iPhone.
.
Applebee's would be forced to charge lower prices, and so your would-be customers would simply go to Applebee's -- and bring their iPhones. No boredom. However, for anyone *still* bored, Applebee's could simply attach iPads to every table.
@hitssquad " Applebee's could simply attach iPads to every table."
iPads would be no match for the wonderment at my concept, which apeals to all ages, sexes and generations. And yes, it has been tested in a real restaurant.
It sounds like what's important are the tables. Have you considered just developing the tables and licensing them to T.G.I. Friday's, Ruby Tuesday, Olive Garden, etc.? They might not see the value, though (as you mentioned, and as happened when Google tried to license to Yahoo and Excite), and so you might have to prove the concept first.
.
Have you considered developing your idea as an iPad app, so then any restaurant could simply customize their existing tables with iPads running your app?
You're absolutely right that a full-service/fast-food combo restaurant can work. I live in the Columbia area of South Carolina, and there's a very popular and (apparently) very successful chain in this area called Lizard's Thicket, which does that very thing. Nuts to anyone who thinks it can't work.
I hope you have written down a business plan. It doesn't sound to me like you have your goals well defined. Perhaps you do in your head but write it out in existential reality to help you focus. Further, Google the name Steve Gedeon, and watch some of his videos, he's a professor of entrepreneurship with over 12 start ups, and read Edwin Locke, assuming you already haven't. Good luck.
Here's an idea: methods of doing business can be patented. Then you might license the patent and get *some* money without having to spend the next 10 years of your life in the trenches. Your restaurant experience would pay off here, since other restaurant people would otherwise be wary of buying a license for a business idea from someone with no domain expertise.
@hitssquad This is so very true, I think Cropper can do both a patent and a business, my only input would be to go a bit more incrementalistic and start off labor, not capital, intensive (think cafe [Crop barista? What of this table-innovation, work at coffee shops?]then turn the fuck into a restaurant, "cash flow bitches", etc). It is hard to get a business method patent however, the reason is there are rejections constantly due to high bar burden of proof on novelty/non-obviousness/etc. [cont]
@yankeewh1te It is also hard to get at the essential. If you throw in a technical aspect and they're easier to get, such as Monster.com's jobseeker database talking to job advertiser ad database patent — technically patenting iterative jobsearching-only-to-upload-a-resume'ing way back in 1998.
@vafgod "have any potential investor sign a non-disclosure and Non-compete."
No serious investor would ever sign an NDA: robertplattbell. blogspot. com/2007/10/to-nda-or-not-to-nda. html "Venture Capitalists (VC’s) historically have refused to sign an NDA, and in fact, to ask them to do so is considered an insult and a sure way to put an end to your “elevator pitch”. Again, since VC’s listen to hundreds, if not thousands of invention pitches over the years, the chance that they will hear the
"same idea more than once (or a similar idea) is pretty great. If they sign NDA after NDA, they slowly paint themselves into a corner, to the point where they cannot back any new idea without the chance of some previous inventor claiming a breach of an NDA.
Frankly, the proposition of an NDA is a bit absurd. Someone comes to you and says they want to tell you a secret. BUT, before they will, they want you to sign a contract agreeing to draconian consequences if you tell the secret to anyone
"else. Suppose the secret is not all that great? Suppose everyone already knows about it, or more to the point, someone in your company does? It really is a risk not worth taking.
So, there are various good reasons why people will refuse to sign an NDA. If you think about it, chances are, you’d refuse to sign one, too!"
I am going to spend the next 10 years of my life making your investors, employees, and suppliers suddenly, inexplicably disappear.
grantsinmypants2 2 months ago
This video will be removed soon as it does not fit the genre of my channel.
MrCropper 2 months ago
What is the population of the town?
TheFatboy1800 2 months ago
@TheFatboy1800 "What is the population of the town?"
About 3,000
MrCropper 2 months ago
Cropper, have you considered other business models versus owning/operating restaurants yourself? From the little information you've given it sounds like you could potentially sell/lease your product to existing restaurants, which would still give you a lot of potential upside without so much up front investment risk.
5y89sdfih 2 months ago
@5y89sdfih "From the little information you've given it sounds like you could potentially sell/lease your product to existing restaurants, which would still give you a lot of potential upside without so much up front investment risk."
And I'd make thousands instead of millions.
MrCropper 2 months ago
Is your name really Brandon Jesse?
Which one's the first name and which one the last name?
:-)
ppw00 2 months ago
Mr Cropper - question for you: Since you seem to be keen on teaching, why don't you approach VanDamme Academy (or Leport Schools, another Objectivist elementary school in Southern California run by Dr. Leport, a physician) and try to work first for them, who seem to be running a successful operation, for the time being?
qtutoringhelps 2 months ago
@qtutoringhelps " why don't you approach VanDamme Academy"
I've sent her my resume a couple times and she replied that I don't have the qualifications they're looking for. I have no college degree.
MrCropper 2 months ago
@MrCropper
Well I hope to be opening a school in Canada, outside of Toronto, this summer and I'll need a history teacher. :-)
qtutoringhelps 2 months ago
@MrCropper Just curious: Why not complete a college degree then work for Lisa?
Virtueman1 2 months ago
@Virtueman1 "Why not complete a college degree then work for Lisa?"
I spent 4 years full time at university. I'd have to go back for a degree, and that would inevitably lead to murder, or at least man-slaughter if my lawyer could work some angle, but worst case scenario would find me in the lethal injection chamber and several professors would be 6 feet under. Four years was enough for me.
MrCropper 2 months ago 2
Good luck Mr. Cropper.
qtutoringhelps 2 months ago
This kinda reminds me of Hugh Akston.
UrbyKris 2 months ago 2
@UrbyKris "This kinda reminds me of Hugh Akston."
Yep. : (
MrCropper 2 months ago
@UrbyKris
More like Rearden or Roark; Akston never wanted more than a day job, he was content at.
outsidemendham 2 months ago
Good luck!
UrbyKris 2 months ago
@UrbyKris Or good premises rather;)
UrbyKris 2 months ago
Angel investors would want a controlling stake for that kind of capital intensive profitable operation. In my view, you want to operate a restaurant, so compromise on some of the "end-game" goals such as a full service area and a fast food area served by one kitchen on Colonel Sanders acreage. Operate a pre-existing restaurant by lease. Don't become what is in fact a real estate investor — the worst aspect of McDonald's balance sheet — the biggest thing holding the company back.
yankeewh1te 2 months ago
@yankeewh1te You have to prove yourself with serious skin-in-the-game risk. In my view one should have a 51% controlling interest via 51% equity injection with 100% of the shares having voting rights, not by having all the equity come in through shares without voting rights, retaining 51% of spared voting-right shares to oneself. This is only possible by putting aside the dream for awhile for some serious executory incrementalism and realistic-actualization-notion refinement.
yankeewh1te 2 months ago
@yankeewh1te i.e., such as working in another existing restaurant establishment and preparing a capital buffer for a loan, the bank being the financier, basically, you, a debtor, effective bond, i.e., the title to wealth in your hands, the initial owner equity injection — in your name. Or.. break with my ideal principle.. or.. forget the 51% and have some angel investor tell you it's 5% or they walk.
yankeewh1te 2 months ago
@yankeewh1te "This is only possible by putting aside the dream for awhile for some serious executory incrementalism"
True, maybe that's the only way it will happen. However, 5 years from now I could either be openning the 6th location, or I could just be getting started. I'd like to be on the way to a succesful chain by then.
MrCropper 2 months ago
How about teaching Objectivism to the customers :)
Kmacdonald2008 2 months ago
24:20 "and people would not go to Chili's and Applebee's any more [...] because they would just be bored"
There's your problem. You would have to *hope* they would be bored. But we solved the restaurant boredom problem four years ago: iPhone.
.
Applebee's would be forced to charge lower prices, and so your would-be customers would simply go to Applebee's -- and bring their iPhones. No boredom. However, for anyone *still* bored, Applebee's could simply attach iPads to every table.
hitssquad 2 months ago
@hitssquad " Applebee's could simply attach iPads to every table."
iPads would be no match for the wonderment at my concept, which apeals to all ages, sexes and generations. And yes, it has been tested in a real restaurant.
MrCropper 2 months ago
It sounds like what's important are the tables. Have you considered just developing the tables and licensing them to T.G.I. Friday's, Ruby Tuesday, Olive Garden, etc.? They might not see the value, though (as you mentioned, and as happened when Google tried to license to Yahoo and Excite), and so you might have to prove the concept first.
.
Have you considered developing your idea as an iPad app, so then any restaurant could simply customize their existing tables with iPads running your app?
hitssquad 2 months ago
You're absolutely right that a full-service/fast-food combo restaurant can work. I live in the Columbia area of South Carolina, and there's a very popular and (apparently) very successful chain in this area called Lizard's Thicket, which does that very thing. Nuts to anyone who thinks it can't work.
Aotommo 2 months ago
I hope you have written down a business plan. It doesn't sound to me like you have your goals well defined. Perhaps you do in your head but write it out in existential reality to help you focus. Further, Google the name Steve Gedeon, and watch some of his videos, he's a professor of entrepreneurship with over 12 start ups, and read Edwin Locke, assuming you already haven't. Good luck.
gta405421 2 months ago
Here's an idea: methods of doing business can be patented. Then you might license the patent and get *some* money without having to spend the next 10 years of your life in the trenches. Your restaurant experience would pay off here, since other restaurant people would otherwise be wary of buying a license for a business idea from someone with no domain expertise.
hitssquad 2 months ago
@hitssquad This is so very true, I think Cropper can do both a patent and a business, my only input would be to go a bit more incrementalistic and start off labor, not capital, intensive (think cafe [Crop barista? What of this table-innovation, work at coffee shops?]then turn the fuck into a restaurant, "cash flow bitches", etc). It is hard to get a business method patent however, the reason is there are rejections constantly due to high bar burden of proof on novelty/non-obviousness/etc. [cont]
yankeewh1te 2 months ago
@yankeewh1te It is also hard to get at the essential. If you throw in a technical aspect and they're easier to get, such as Monster.com's jobseeker database talking to job advertiser ad database patent — technically patenting iterative jobsearching-only-to-upload-a-resume'ing way back in 1998.
yankeewh1te 2 months ago
Mr C, I wish you the best; if you haven't already thought of it, have any potential investor sign a non-disclosure and Non-compete. Just in case
vafgod 2 months ago
@vafgod "have any potential investor sign a non-disclosure and Non-compete."
No serious investor would ever sign an NDA: robertplattbell. blogspot. com/2007/10/to-nda-or-not-to-nda. html "Venture Capitalists (VC’s) historically have refused to sign an NDA, and in fact, to ask them to do so is considered an insult and a sure way to put an end to your “elevator pitch”. Again, since VC’s listen to hundreds, if not thousands of invention pitches over the years, the chance that they will hear the
hitssquad 2 months ago
"same idea more than once (or a similar idea) is pretty great. If they sign NDA after NDA, they slowly paint themselves into a corner, to the point where they cannot back any new idea without the chance of some previous inventor claiming a breach of an NDA.
Frankly, the proposition of an NDA is a bit absurd. Someone comes to you and says they want to tell you a secret. BUT, before they will, they want you to sign a contract agreeing to draconian consequences if you tell the secret to anyone
hitssquad 2 months ago
"else. Suppose the secret is not all that great? Suppose everyone already knows about it, or more to the point, someone in your company does? It really is a risk not worth taking.
So, there are various good reasons why people will refuse to sign an NDA. If you think about it, chances are, you’d refuse to sign one, too!"
hitssquad 2 months ago
Comment removed
hitssquad 2 months ago