David Royce
👤 SpeakerAppearances Over Time
Podcast Appearances
The secret is, is that unsexy businesses often have sexy margins.
Really?
And if you look at the average restaurant, the margin, like the net profit margin is only like three to 6%.
Best in class is 10%.
Whereas
You look at like a port-a-body business and they're at like 25%.
Really?
Yeah.
Not only are your odds so much more difficult because everybody likes this idea of starting a restaurant, it's just really hard to make money in because there's so many people trying to do it.
Whereas a lot of people, they don't want to go do like plumbing or whatever else.
And the other advantage I see in blue collar work is...
A lot of people are worried about like, well, the white collar work, right?
Like, so, you know, software developers, AI can code down legal documents.
It can do a lot of entry level work and it'll continue to progress.
But it's,
It ain't clogging your toilet anytime soon.
It's not going to get on your roof.
That's right.
Yeah.
It's almost like shifted.