Starbucks For Sale Brutal Lessons To Learn

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 22 July 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is it true that some companies and brands are too big to fail? It's rumoured that Starbucks is going to go on sale in the UK! Rob discusses why Starbucks are struggling right now, the power of learning from the mistakes of others and why you must always evolve and adapt in this ever changing world. KEY TAKEAWAYS It’s far best to learn vicariously the mistakes and challenges from other businesses and brands than failing yourself. Starbucks is failing because of the high cost of living; people can’t justify $5 on a coffee anymore. You have to evolve your pricing strategy according to the market. It’s hard to get quality staff in the world right now, and many staff are unionising too, these too are causes of Starbucks struggle. Starbucks rely on high volume and low margins, this model is leaving them vulnerable in the current economic climate. You are never too big to fail. Stay humble. Information is the future of high margin and low overhead business models. Don’t allow your business to rely on locals, this limits your growth and ultimately your money! BEST MOMENTS “It’s far better to learn from the mistakes, the challenges of others than yourself” “It’s really hard to find talent right now” “We take the supply chain for granted” “There’s a revolution right now and you need to make sure you are evolving” VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0	Starbucks for sale, Brutal Lessons Learned.
0:06.0	So the UK arm of Starbucks is likely to go on sale.
0:11.6	Now Starbucks has become somewhat of a global treasure.
0:15.4	And you know they say that some companies or brands
0:19.4	are too big to fail.
0:21.0	Well, clearly not.
0:23.1	And I don't know if you love Starbucks or not.
0:25.6	Let me know in any comments on any social media you follow of mine.
0:32.4	But here's something that I think has an entrepreneur,
0:35.3	a startup or a scale up.
0:37.3	You can leverage.
0:39.4	So it's far better to learn, vicariously,
0:43.3	the mistakes and challenges and difficulties and failings
0:46.7	of other businesses, entrepreneurs, and brands
0:48.8	than it is you fail yourself.
0:50.9	You know some people say things that are well,
0:52.5	you can only learn through experience.
0:55.0	And you've just got to go and do it.
0:56.6	Well, actually no.
0:58.4	It's far better to learn through the mistakes of others
1:01.2	or the challenges of others than it is making them yourself.
1:04.8	So for example, would you like to know what it's like to go to prison for 10 years?
	...

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