Can an $8 meal bring down McDonalds, end food deserts, and make you rich? | Hard Reset Podcast #6
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- Опубліковано 20 чер 2024
- Banks don’t want you to own companies. McDonald’s doesn’t care about your health. What if this $8 meal gave you those choices back?
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There’s not much that’s radical about a fast food meal, unless it’s healthy, affordable, accessible, and can lead to generational wealth.
That’s the idea behind Everytable, a social equity franchise program born out of Southern California. Everytable’s model keeps costs low, making it easier to expand and reach more customers who live in food deserts.
Everytable also has also lowered barriers for franchisees, taking a crowdsourcing approach so that many investors at once can benefit from the success of each location. The Hard Reset podcast hosts weigh in on this new restaurant model, which may just be the exact kind of solution the US is hungry for.
0:00 Welcome to the Hard Reset Podcast
00:50 What is this Hard Reset Podcast episode about?
01:30 What makes Everytable a Hard Reset?
05:53 How is Everytable changing the franchising model?
09:33 How is Everytable democratizing investing in a franchise?
11:36 How is Everytable investing back into low income communities?
13:50 How can Everytable change the economic landscape of its neighborhoods?
16:00 How can Everytable change the lives of its employees?
16:52 How is this a Hard Reset for capitalism?
22:32 Can this model make an impact at scale?
27:43 How could this model apply to different industries?
30:02 What was the audience response to this episode?
44:05 What were the meanest comments from this episode?
Watch on Freethink.com ► www.freethink.com/series/hard...
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Read more of our stories on food insecurity:
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Adding one gene to rice and potatoes increased yields by 50%
►www.freethink.com/science/ric...
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Subway may not have a kitchen, but they have an oven for baking bread. John Oliver's piece about Subway, if I remember it correctly, was that their bread had enough sugar to be considered pastry, not bread. The result is their sandwiches aren't as healthy.
Unfortunately that John Oliver segment was a bit misleading. It quoted a case in Ireland where subway bread was ruled a pastry rather than bread. The thing is American bread in general is sweeter than in Europe. 200 calories of subways hearty Italian (white) has 3 grams of sugar. So does 200 calories of butternut bread. By American standards subway bread is ordinary bread as far as sugar goes.
European bread is probably more traditional like European cheese. That means they're probably adding some sort of lard or fat to flavor their bread rather than sugar. I don't know much about traditional Irish breads, but I know the older members of my family still speak fondly of my German great-grandmothers bread. And she's been gone for almost 50 years. Her secret ingredient was lard.
If i order food it will cost $40. If i make it at home, i can make it for about $4-$8 for equal calories.
Their expansion model is pretty similar to Chick-fil-A’s. Most owners only own one location with some exceptions. You don’t need an insane amount of money to start, but the selection process is extremely strict and thorough
I REALLY enjoyed your conversation. Great insights and the right amount of "fun."
Thanks for watching!
The key thing for having healthy food is Increased competition. So that the suppliers can provided even a local mom and pop with the same efficiency as big businesses. Sort of like a Costco business model, but actual wholesale prices. Because, small businesses will be able to push out large corporations and provide healthier and tastier foods for the same price. Just because of the variety and equivalent costs of their ingredients.
Great idea; lots of options for points of sale and fresh *good* food, no rubbish aka Mcdoodles etc. It should be law that all are entitled to make health choices, and have availabilty to honest unprocessed rubbish.
I actually already knew about this, and it's what I thought this was going to be about.
It's actually cool, for two major reasons; It is relatively scalable at low cost, and the food they sell is high quality, nutritious, healthy, etc.
I think it's a great business model at it's most basic principles. It reminds me of those restaurants from the 1920s (they're called Automats).
It's possible that these restaurants could even source local ingredients and cuisines for inspiration.
Some of the major downsides are that people don't necessarily want to eat healthier. Another is that people don't necessarily want pre made foods, for freshness reasons.
In my opinion, its possible to come up with a solution to food spoilage, by basically donating the food at the end of the day. I don't like the idea of faux generosity, which is like giving poor people spoiled food.
Eating healthy doesn't mean compromising flavor. If that point can be made, then it could have an impact in poorer communities who really enjoy food as one of their only pleasures.
This video seems too long imo. I haven't even watched it, but 45min is way too long. I'm like a 1/3 of the way in, and they've already lost the plot. They're talking about, how can we make more people franchise owners? Even though they know that it's basically the new "slave master". It's like this weird generosity through capitalism (contradiction), but with diligence and oversight (not generosity). How do you even franchise out a vending machine?
They're basically talking about expanding the investor class to poor people who work hard. Why is it that people always think, working hard is bad? It's like promoting a successful worker to management, not because they're better at that, but because it makes more money. It's all a bad symptom of capitalism (workers dont get paid as much as owners). Maybe we should Hard reset that first.
If you want to invest in people, quit making work only profitable for business owners. Invest in people by guaranteeing housing, food, etc and let them decide how and why they contribute to society. Let them pursue their passions and interests, and not money for bills.
Good reply post overall. Not sure if you also lost the plot part-way through by comparing the ability to franchise a profitable buisness for a poorer investor group to the "new slave master". A franchise owner has control over parts of their operations to increase results and participates in the upside, not really like being a slave imo
we need healthier food that’s convenient and cheap
How do you have so many subs and not so in veiws? Your contents interesting and constant I don't understand why they are not running in paparall
We're glad to hear you're enjoying the content! UA-cam's algorithm doesn't distribute all new videos to all subscribers, unfortunately. You can click the bell icon to be notified about each upload, though!
Think about it, there is nothing innovative about it. Restaurants already do this and there are supermarkets. If they have low operation cost in that company good for them but it is not innovative.
This reminds me of Dr Md Yunus and grameenbank and their microeconomics.
PS in islamic economy no form of interest is allowed in lending of any form legally but there are some loopholes that would take a long time to explain
I miss the dollar menu 😢
New Minimum Wages prevents that from being profitable anymore.
@@Tony-op6xfwouldn't wanna eat underpriced food on the paycheck of the workers
Cook at home, whole food. Then goodbye weight issues, diabetes and autoimmune disorders. You're welcome.
@@capitalisa no I want mcnuggets everyday 😫
@@RandomGuy-nm6bm is not even real food tbh..
2023 August, who just bought out Subways? What happens to the franchises now?
Great question. According to Yahoo Finance, Subway will be sold to Roark Capital. finance.yahoo.com/news/subway-agrees-to-be-sold-to-jimmy-johns-owner-roark-capital-121920474.html?guccounter=1
According to the above article, "A source familiar with Inspire Brands told Yahoo Finance that the restaurant conglomerate will not be involved in Subway's day-to-day business operations."
There's a Socialist Global Community business plan available, completely Synergistic, including a OJT Art and Nature based Trade School, farming program, culinary arts, and others.
Oh please lol So much propaganda and lies in the first few minutes. How have you all forgotten what it is to be human and use your brain??
🤮
Thanks for the infomercial.
Thanks to your disingenuous propaganda, I will now NEVER eat at ET.
"Freethink". lol. I think I understand the irony of that brand label now....
Oh boy… four hunched over grizzled dudes with beer guts talking about how to rebuild society 😐
You don’t have any competing ideas to offer, so it’s not like you will be missed.
You didn’t even rise to the level of hunched over guys.
For the record, I think mine is more of a “whiskey gut.”
@@NickFromHardReset I can’t do alcohol on the account of it totally destroys your body and mind.
Alcohol is like a witch handing you a potion that will ruin your stamina and will power but then you’re like no it’s cool I’ve got my own
@@mitzzzu_tigerjones444 I don’t disagree! I’ve actually cut my alcohol intake down to almost nothing in the last year, and I don’t miss it at all. We’re doing an episode where Rob and I try Bryan Johnson‘a Blueprint diet - stay tuned to see how it goes for us!
Trash idea no over sight a lot of inconsistencies and caps in that kitchen