Ya' Cousin Cleon
OG COUCH CORNER HUSTLA
It's good to see coli nikkas waking up to Agent Carnell and her devil tricks.
I don’t think she’s an agent
It's good to see coli nikkas waking up to Agent Carnell and her devil tricks.
Oh,ok... I thought you were being serious in the conversation.When I was trying to find more details on the Brotha I noticed there was an association of Black McDonald's owner/operators that recognized his accomplishments but no info on sources non-borrowed start up capital
STOP DEFENDING A POINT I DIDN'T MAKE. Where did I say Yvette specifically was one of the people calling Bitcoin a scam? Guilty conscious. Go somewhere and prepare to die, you broke ass DOS. You were born black, life is over according to the data.
Bruh it is the middle of a workday. I got shyt to doOh,ok... I thought you were being serious in the conversation.
There are Black Enterprise interviews of past McD's franchisees, detailing how they financed the purchase of their first stores .
Outside of you thinking that I'm gonna find the articles and then READ them to you like a bedtime story.... I don't know what else to tell you
That's 180k in 1987 or 1988. That's about 390k in today's dollars.ROAD TO OWNING MICKEY D’S
The road to success for Parrish, 62, has not been a cakewalk. His first and only application to become a franchisee was rejected in 1987. But his desire to win would not let him quit. Parrish made inroads by attending a two-year McDonald’s training program. He worked 25 hours per week with no pay to learn the nation’s largest fast-food restaurant chain’s system. He used $180,000 in savings he had accumulated during his 13 years working at ExxonMobil to buy his first McDonald’s franchise. He also lived on those same funds for about six months before taking any money from the net revenues of the business. “The value of saving is critical,†says Parrish. He has steadily added stores by using working capital, business equity, and bank loans to finance those units.
Startup costs, including construction and equipment expenses, average between $955,708 and $2.3 million, according to McDonald’s. That’s in addition to a $45,000 initial franchise fee. The average McDonald’s restaurant generates $2.5 million in sales annually, according to QSR magazine.
Originally yall said YC was hating on the young lady's success, when she simply pointed out that it was more than "work hard and save", it was generational wealth...now you're trying to hop on other people arguments as if youve been saying this the whole time.Retired Police officer bringing jobs to his community and passing down generational wealth. Again, what's wrong with this?
Why is it so difficult to understand the critical question, "How did the parents obtain 750k-1 Milli to open up the first McDonald's?"
Cops make good Middle and Upper-Middle class salaries. How does a Black officer in Sr Leadership amass 750k-1million liquid to invest in a McDonald's?
- Nobody is downing this family's achievement.
- The daughter should be celebrated for being successful at the family business.
- The father and the mother can be great mentors for other people.
That's the fukking hole in the story.
I want to know so I can do it too
I don't have a right to inspect their books but the young lady said that her advice to OTHER people would be to get good mentors, work hard, and to network.The man was a police officer for forever and a day, so it's not outside the realm of possibility that he saved his money or pulled his 401K out to start up a mcdonalds
i mean technically that’s none of our business
But again, this notion that her getting a McDonald’s through her family is a victory for ALL of us as it was presented is some BS.
How many rich Asian/White/Latino families pass on their franchises to their kids and it makes the news?
She's Making History As McDonald's Youngest Black Woman Owner - The Black ProfessionalI don't have a right to inspect their books but the young lady said that her advice to OTHER people would be to get good mentors, work hard, and to network.
I think she left some shyt out
Stop being a 'miserable agent of chaos who attacksBruh it is the middle of a workday. I got shyt to do
I did find one BE article with the kind of information I was looking for.
National Fast Food Day: Owner of 29 McDonald’s Generating $60M is ‘Lovin’ It’
That's 180k in 1987 or 1988. That's about 390k in today's dollars.
I gotta figure out how to generate an extra ~30k a yr over the decade
Edit:
The wife has to go back to work outside the home!
I'm going to assume that YC's parents are both college educated
Target audience of the article are people familiar with or currently learning about raising startup capital for businesses, franchising deals,etc etc.
Tone talks latest video talked about toxic ambition in the black community.
Collective economics starts with individual entrepreneurshipIndividual entrepreneurship alone is not going to save us is the point. Also she is not just hating on the woman but is asking to understand the context and a reason why this story is being promoted on black new sites right now. But you will just call it hating. Rock on get your P Diddy on, get your Bitcoin on.
They throw in a few data pointsHonestly if you out here really having success.... You shouldn't be triggered by Yvette & Tone's opinion.
No reason to be emotional.
They have their niche and when you ignore the doom & gloom tone of their show - its actually informative.
they obviously have an agenda but they still provide valuable information
Yvette & Tone got established brands.
They're just feeding their base.
They can't just switch up and become an ambitious and aspirational show
That's like McDonald's selling T-shirts instead of burgers
If your entire solution is begging the elite and some racist cacs for nikkatreatsI don't believe that's the message at all. I believe the messages that we need a collective movement so the government that we pay taxes to can address our Collective wealth problem. Other than that everything else is an uphill battle