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Speaker 1: We've all seen it. I mean I've seen it a

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Speaker 1: good number of times myself personally. The cafe. We all

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Speaker 1: know the story of the cafe that was exemplary right sold,

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Speaker 1: new owner changes the menu, brings in a few kids

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Speaker 1: to serve, and wonders why six months later they're out

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Speaker 1: of business as the Hospbow people yet again told their

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Speaker 1: tale of woe. Do not get me wrong. I mean

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Speaker 1: times have been tight, yes, and many an outlet has struggled.

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Speaker 1: We know that. But as the new numbers got rolled

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Speaker 1: out for the obligatory headline that you might have seen,

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Speaker 1: it's probably time, I think, to get a little bit

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Speaker 1: honest about a sector that at times is its own

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Speaker 1: worst enemy. So the numbers in the past twelve months,

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Speaker 1: two thy five hundred and sixty four HOSPO outlets have close.

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Speaker 1: That's an increase of nineteen percent. As a stat looks miserable,

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Speaker 1: but ask yourself this, are all the cafes gone? No,

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Speaker 1: so as it possible, we were over cafed. As part

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Speaker 1: of the problem with HOSPO the fact anyone can join.

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Speaker 1: You simply write a check, put on an apron and

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Speaker 1: you're in the HOSPOW game. Do you know what you're doing.

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Speaker 1: Does anyone ask these questions, Do you know what you're doing?

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Speaker 1: Are you interested in a selling or are you looking

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Speaker 1: for an easy job and an easy job for your family?

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Speaker 1: Are you providing something new or better or different or

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Speaker 1: just adding to the collection of people who pedal paninis

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Speaker 1: and bowls of cappuccino. We talk a lot about the

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Speaker 1: two step or two stage economy. Normally it's rural versus urban,

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Speaker 1: Auckland versus Queenstonne. But there's another two step economy, the

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Speaker 1: people who are good and the people who aren't. Now

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Speaker 1: this doesn't just apply to HOSPO, of course, but HOSPO

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Speaker 1: is the standout example because it's one of those sectors

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Speaker 1: where one anyone can join, and two you can be

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Speaker 1: anything from exceptional, too useless, and a lot of things

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Speaker 1: in between. See in nineteen ninety is thinking about this

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Speaker 1: The other day nineteen ninety Poul Keating, then Australian Treasurer,

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Speaker 1: famously said, this is the recession we had to have.

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Speaker 1: So Australia had not known a recession. That always been

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Speaker 1: the so called lucky country. But part of the argument

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Speaker 1: was a recession cleans out the hopeless. It tidy is

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Speaker 1: an economy up. The strong survive because they hustle, They

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Speaker 1: adjust the week whither and they die, and out of

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Speaker 1: that renewal starts something afresh. A lot of people liquidating

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Speaker 1: only tells you a fraction of the st story, and

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Speaker 1: the story is supposed to make you feel bad. Of

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Speaker 1: course it shouldn't, because it's life. If you are good

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Speaker 1: and determined and work hard in hospital or anywhere else,

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Speaker 1: you'll be fine. If you're really determined, you'll be more

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Speaker 1: than fine. For more from The Mic Asking Breakfast, listen

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Speaker 1: live to News Talks at B from six am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio