781 - Would you take a McDonald's Franchise, or Go to Harvard University? with Robyn and Jay The Engineer

Supply Chain

The global supply chain issues have significantly impacted businesses, especially in the food industry. Jay the Engineer questions the viability of owning a franchise amidst these challenges, highlighting the pandemic-induced shutdowns and travel restrictions that have disrupted production and distribution 1. James Altucher explains that the supply chain backlog has led to temporary inflation, affecting everything from housing prices to the availability of basic goods 1. He notes, "This is purely a supply and demand inflation that's temporary," emphasizing the transient nature of these disruptions. Additionally, Robyn points out that major restaurant chains like Applebee's and California Pizza Kitchen have faced closures, though not all locations are affected 2.

   

Pandemic Impact

The pandemic has forced businesses to adapt, with the restaurant sector showing varying degrees of resilience. James Altucher reflects on the choices made by successful figures like Mark Zuckerberg, suggesting that unconventional decisions can lead to significant success 3. He shares his own experience of financial struggles and the hypothetical choice between a McDonald's franchise and a Harvard education, encouraging listeners to consider similar scenarios for their children 3. Jay the Engineer adds a personal touch, reminiscing about the ubiquitous presence of McDonald's in family life, especially during road trips with kids 4. Altucher humorously recalls, "Starting around the age of 24, I could only eat at McDonald's once a month," highlighting the nostalgic yet complex relationship people have with such franchises.