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Thread: Covid19 Bankruptcy Thread

  1. #401
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    I've been tipping heavily at my barbers since they reopened.

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    Quote Originally Posted by rage2 View Post
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    This is another one that's not exactly true from the headline. At the time Netflix was just a money losing DVD mailing rental business. That's what was being offered for sale to Blockbuster. Streaming wasn't even on the radar, and wasn't introduced until 10 years later. If the sale went through, the CEO would've cashed out, and built his streaming company outside of Blockbuster, and Blockbuster would be still be around making $50m a year with DVD by mail.
    I think Netflix ruined BB's late fees racket and started its downfall.

    Quote Originally Posted by adam c View Post
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    And blockbuster was given the opportunity to buy Netflix, just missed opportunities by people not looking at the future
    BlockBuster is also ahead of its time. Teamed up with Enron (yes that Enron) Broadband Service and started delivering VOD in 1999.

    https://medium.com/@rumblepress/if-o...n-4166752a78de

    This could have been easily switched to streaming.

    Netflix is the right tech at the right time.
    Last edited by Xtrema; 07-06-2020 at 01:10 PM.

  3. #403
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    Quote Originally Posted by Tik-Tok View Post
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    I've been tipping heavily at my barbers since they reopened.
    Yup, I’m doing $10 tip instead of my old usual $5. It ain’t much especially since I’m cutting my hair less often now (every 4 weeks instead of 3) but he was really appreciative.

  4. #404
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    People get haircuts for Father’s Day? lol
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  5. #405
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    Quote Originally Posted by nzwasp View Post
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    Just got my haircut for the first time in 4 months and Im going to put barbers on the watchlist - the owner said due to Covid19 there are no special events which they rely on to keep their type of business afloat, meaning no grad, no stampede, no fathers day, not many weddings etc. He is hoping that school resumes back at school in September and people come in for that or he said that their industry is going to be really in a bind.
    To add to this, my wife called the other day to book a full meal deal (cut, colour, whatever else women do to their hair) and the first available time was the end of July! I thought they were just crazy busy (good for the economy) but it turns out that it's a client management issue, only one person at a time instead of the three or four that the girls would be working on at the same time.
    Last edited by Masked Bandit; 07-06-2020 at 01:59 PM.
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

  6. #406
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    Quote Originally Posted by Masked Bandit View Post
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    To add to this, my wife called the other day to book a full meal deal (cut, colour, whatever else women do to their hair) and the first available time was the end of July! I thought they were just crazy busy (good for the economy) but it turns out that it's a client management issue, only one person at a time instead of the three or four that the girls would be working on at the same time.
    Just a PSA that same goes for lab tests. Booking only and no more drop in, less spots available for social distancing. So if you need one done, book ahead.

  7. #407
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    The thing with salons and barber shops, they're literally one of the lowest start up capital businesses. Can close down and restart with one CERB cheque.
    They'll go and come back quickly.

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    Quote Originally Posted by mr2mike View Post
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    The thing with salons and barber shops, they're literally one of the lowest start up capital businesses. Can close down and restart with one CERB cheque.
    They'll go and come back quickly.
    Odd, I wonder what a decent quality barber/stylist chair is worth? Good scissors will easily run $100-200 and they'll have several sets. Clippers, couple hundred there. Hair blowers/driers aren't cheap either. Need a station with a mirror, proper electricity as well plus a washing sink somewhere. Gonna need a washer and drier on site as well - hell, there's one CERB cheque right there. I suspect a salon or barber shop with 3-4 chairs is going to cost considerably more than $2,000 to set up.

  9. #409
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    Lol starting a biz with one cerb cheque lol
    max_boost is a name known to all

  10. #410
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    Ok, I was making a point that is a low barrier. This is why lots of people do it out of their home.

    Some might find this interesting. I love this show.

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    My girlfriend's favorite restaurant Q Haute has permanently closed.

    http://qhautecuisine.fbmta.com/membe...IQ3kGHaXKwmQqU

  12. #412
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    Quote Originally Posted by speedog View Post
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    Odd, I wonder what a decent quality barber/stylist chair is worth? Good scissors will easily run $100-200 and they'll have several sets. Clippers, couple hundred there. Hair blowers/driers aren't cheap either. Need a station with a mirror, proper electricity as well plus a washing sink somewhere. Gonna need a washer and drier on site as well - hell, there's one CERB cheque right there. I suspect a salon or barber shop with 3-4 chairs is going to cost considerably more than $2,000 to set up.
    https://shearshare.com/

    This is what he means by low barrier if you don't want to spend on capitals.

  13. #413
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    edit: didnt see above.

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    Quote Originally Posted by JaffX View Post
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    My girlfriend's favorite restaurant Q Haute has permanently closed.

    http://qhautecuisine.fbmta.com/membe...IQ3kGHaXKwmQqU
    Wow, didn't expect that. I've been walking past there every single day this whole week.
    Oceana is still open it looks like.

    Quote Originally Posted by nzwasp View Post
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    Just got my haircut for the first time in 4 months and Im going to put barbers on the watchlist - the owner said due to Covid19 there are no special events which they rely on to keep their type of business afloat, meaning no grad, no stampede, no fathers day, not many weddings etc. He is hoping that school resumes back at school in September and people come in for that or he said that their industry is going to be really in a bind.
    Hmm, and I wonder how many people cut their own hair due to Covid and realized they are going to be doing that moving forward, at least for the next little while.

  15. #415
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    It could just be my perception, but it seems to me that most of the restaurants that are going under did nothing to try and keep business moving during the peak of the quarantine. Lots of restaurants got creative, simplified menus, advertised on social media, set up in house delivery or joined DD/Skip, etc. and some had so much business they couldn't keep up with online orders. If your food is good enough and you provide an easy means to pick it up or have it delivered, people will go out of their way to get it.

  16. #416
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    Quote Originally Posted by JaffX View Post
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    My girlfriend's favorite restaurant Q Haute has permanently closed.

    http://qhautecuisine.fbmta.com/membe...IQ3kGHaXKwmQqU
    Oh dang that place was pretty great.


    Quote Originally Posted by Buster View Post
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    The benefit of masks is not known at this time. But we do know it is some non-trivial amount more than zero.

    We also know that the cost of mask use is, essentially, zero.

    So the cost:benefit of mask use is approaching infinity. I'll take that every time. And every time I see someone without a mask, I think they are stupid.

  17. #417
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    Quote Originally Posted by Mitsu3000gt View Post
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    It could just be my perception, but it seems to me that most of the restaurants that are going under did nothing to try and keep business moving during the peak of the quarantine. Lots of restaurants got creative, simplified menus, advertised on social media, set up in house delivery or joined DD/Skip, etc. and some had so much business they couldn't keep up with online orders. If your food is good enough and you provide an easy means to pick it up or have it delivered, people will go out of their way to get it.
    Much easier for mid to low grade food than fine dining.

    Like steak, if I have to pay $50 for Skip to deliver one that's kinda cold by the time it gets here, I may as well fire up my grill and DIY.

    Some dishes are meant to be enjoyed within minutes leaving kitchen piping hot and not to be delivered 20-30mins later. Heck, I still prefer Wakado onsite instead of take out but I tolerate it if that's the only way to get those tasty Chasiu.
    Last edited by Xtrema; 07-07-2020 at 04:02 PM.

  18. #418
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    Quote Originally Posted by Xtrema View Post
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    Much easier for mid to low grade food than fine dining.

    Like steak, if I have to pay $50 for Skip to deliver one that's kinda cold by the time it gets here, I may as well fire up my grill and DIY.

    Some dishes are meant to be enjoyed within minutes leaving kitchen piping hot and not to be delivered 20-30mins later. Heck, I still prefer Wakado onsite instead of take out but I tolerate it if that's the only way to get those tasty Chasiu.
    Lots offered DYI dinner kits too

  19. #419
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    Quote Originally Posted by Xtrema View Post
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    Much easier for mid to low grade food than fine dining.
    Flores + Pine seems to be doing well these days with their take home and cook plans.

  20. #420
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    Quote Originally Posted by ercchry View Post
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    Lots offered DYI dinner kits too
    Quote Originally Posted by mr2mike View Post
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    Flores + Pine seems to be doing well these days with their take home and cook plans.
    Hmmm, 1st I heard of this. Gotta research a bit.

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