Horst Schulze
👤 SpeakerAppearances Over Time
Podcast Appearances
Consequently, I inherited a union.
None of my hotels are open San Francisco.
Union was picking us for three years, but it never became Union.
But we insisted we wouldn't have written a contract anymore unless you signed 50 years.
I get a percentage of sales.
I make off sales.
If you own the hotel and the sales 100 million, I get 3 million.
And you may be losing money to operations.
Yes, in a way, yes.
But I also have an incentive after you make that service, I am sharing 10% of whatever in the profit after.
So I have an incentive to make a profit.
Well, I get an incentive on anything over a certain profit.
Yeah, but at the same time, I drive sales up, which I get my 3% on the sales.
I drive the rate up.
I drive the income up.
And of course, I drive the profit up and the profit.
Now, there is an exit clause for you, the owner.
That means we established in the beginning, who would be my competition?