Chapter
The Secret to Getting Rich in 30 Years
22:42 - 27:40 (04:57)
The key to getting rich is persistence over time and the willingness to build relationships with low-income, hardworking immigrant families to teach them how to make a product to sell for a profit.
Clips
The podcast discusses two types of ghost kitchens: one that trains mom and pop shops how to make specific dishes with quality control and one that creates a brand and outsources order fulfillment to local restaurants, similar to McDonald's.
22:42 - 25:32 (02:49)
Ghost Kitchens
Summary
The podcast discusses two types of ghost kitchens: one that trains mom and pop shops how to make specific dishes with quality control and one that creates a brand and outsources order fulfillment to local restaurants, similar to McDonald's.
ChapterThe Secret to Getting Rich in 30 Years
Episode#139 - The Rise of "Clout" Kitchens, Why Martin Shkreli is a Rockstar, and a $100m Acquisition
PodcastMy First Million
The most straightforward way to achieve long-lasting financial success is creating a high-quality business and sticking with it for decades like the best restaurant in the area rather than quickly entering the tech industry.
25:32 - 27:40 (02:07)
Business Management
Summary
The most straightforward way to achieve long-lasting financial success is creating a high-quality business and sticking with it for decades like the best restaurant in the area rather than quickly entering the tech industry.