Key Takeaways:
Chapters:
Timestamp Summary
0:00:05 Introduction and disclaimer about the content
0:00:37 Phillip and Allison discuss the positive energy of springtime
0:01:53 Introduction to the topic of surge pricing
0:02:35 Wendy’s implementation of surge pricing
0:03:39 Phillip and Allison discuss the risks and rewards of surge pricing
0:07:24 Comparison of surge pricing in fast-food chains
0:08:47 Phillip mentions the secret menu at In-N-Out Burger
0:09:53 Allison and Phillip discuss the lack of motivation to pay extra for standardized products
0:10:14 Conclusion of the conversation about surge pricing
0:10:12 Is there something that justifies surge pricing?
0:10:38 What problem does your product solve?
0:11:26 How can you provide your product/service better and faster?
0:12:25 Does your product/service fulfill a great need?
0:13:05 How to align vision with operational and service experience?
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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