Why do old restaurants make so much money, but no more young people join?

I think it is one-sided and incorrect to say that time-honored restaurants make so much money and there are no young people. Now that they have made money, many people will flock to them. The reason why not many young people join in is that most people's ideas have not changed, or that information asymmetry leads most people not to know that time-honored brands are profitable. In the fierce market competition, some time-honored products have been confined to the local market for many years, and even local consumers are becoming less and less. Why did you get into such a predicament? We found that there are many factors.

First, the "burden" of innovation is too heavy. Time-honored enterprises generally have their own flagship products, and the products and brands are deeply tied and achieve each other. However, how to make the products born in the era of agricultural handicrafts and material shortage adapt to the new consumption environment is a problem that time-honored enterprises must think about. Take time-honored foods as an example, the classic products are often high in oil and sugar, and it is increasingly difficult to adapt to the tastes of young people. When developing new products, we are faced with the ideological burden of "true and false", fearing that we will lose old customers and win over young people.

Second, market development "has no ambition". The reporter found that some time-honored enterprises are used to "visiting here", but they don't pay attention to "opening branches and spreading leaves". An old brand interviewed by the reporter is well-known at home and abroad, and European and American politicians are full of praise when they come to the store to taste it. There are photos of celebrities from all over the world in the shop. Some overseas Chinese will place orders from overseas on traditional festivals such as the Spring Festival. However, over the years, enterprises rarely take the initiative to go out and explore overseas markets.

Third, the operating mechanism is "inflexible". The reporter visited and found that time-honored enterprises are generally divided into listed enterprises, state-owned enterprises and private enterprises. Many time-honored brand leaders bluntly said that some state-owned enterprises are conservative in pioneering and innovating, while private enterprises face some practical difficulties in their operations, which also makes it difficult for time-honored brands to forge ahead.