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Speaker 1: We've got the press release from the Restaurant's Association on Friday,

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Speaker 1: flat sales, cost pressures, regional divergence. That was the theme.

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Speaker 1: Now I've changed my mind a little bit on Hospow

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Speaker 1: of late, I wonder more broadly whether there are too

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Speaker 1: many vested interests in this country who get in the

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Speaker 1: way of real progress. Now, the Hospow story has been

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Speaker 1: a long, arduous and well told one. Of course, Hospo's shot.

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Speaker 1: Hospo's a disaster. No one makes money in hospital, no

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Speaker 1: one wants to work in hospow. And yet my increasing

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Speaker 1: observation is that is not true. If you take a

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Speaker 1: very large industry as a whole and average everything out,

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Speaker 1: you might well be able to find some doer times.

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Speaker 1: But what's increasingly obvious from not just personal experience, but

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Speaker 1: a lot of anecdotal expert opinion is a lot of

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Speaker 1: hospital is not only fine, it's actually going quite well.

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Speaker 1: The thing about Hospow is it's magiable. You are not

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Speaker 1: a log exporter reliant on a single market to either

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Speaker 1: buy or not buy your tree. In Hospow, you can

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Speaker 1: vary what it is you're offering. And what I see

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Speaker 1: as a lot of people doing really good things, and

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Speaker 1: as a result they're doing very nicely. Thank you. For example,

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Speaker 1: it took us over a week to get a last

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Speaker 1: table for lunch the other day at the local a week.

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Speaker 1: That's in our experience. They've changed, they've changed hands, they

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Speaker 1: boosted their product offering, and as a result they've gone

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Speaker 1: from a quiet regional operator to a booming tourism business

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Speaker 1: rushed off its feet. Same place, same name, new product,

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Speaker 1: whole different result. The other thing about HOSPO is it

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Speaker 1: doesn't require any skill to enter. Anyone can buy a

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Speaker 1: cafe and a lot do and I've seen them often immigrants.

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Speaker 1: It's an easy entry point. They take over a going concern,

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Speaker 1: the recket, change the men you employ, the family kill,

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Speaker 1: the service dead in a week. We're oversupplied, of course

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Speaker 1: with hospitality outlets. So in your area where you've got

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Speaker 1: a choice of a dozen places, only two have to

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Speaker 1: be good before they boom and the others wilt. So

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Speaker 1: the restaurant association telling us things aren't flash is not

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Speaker 1: the real story. I don't think bits aren't flash, but

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Speaker 1: then if you're not up to much in the first place,

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Speaker 1: they never will be. For more from the mic asking

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Speaker 1: breakfast listen live to news talks that be from six

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Speaker 1: am weekdays, or follow the podcast on iHeartRadio