Manas Kumar, Thinking out Loud

my thoughts & visions for technology

Posts Tagged ‘online business

What’s for lunch today?

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Eating Lunch

I don't know these people. They too, probably spend $4k/yr on lunch and coffee.

This morning I took the liberty of doing a little research along the 50meter or so walk from where I park to the office. In this short distance there are a number of cafés and as I ordered my coffee, I ask the Barista how many coffees a day would her regulars have? “2 – 3” was the reply. After finishing my coffee I decided to ask the same question in a few other cafés along my walk, I also asked how much they would spend on food. I even plucked up the courage to ask the same question of a few professional looking people walking up the street with coffee in hand. I don’t think I have to tell you the type of, ‘are you a freak,’ looks that I got as a result.

Hardly scientific I know but enough for my purpose. Here’s what I discovered with my little survey;

On average inner city workers will purchase 2 coffees per day and spend approximately $10 on food. Now let’s do some maths. When you minus leave and public holidays we work around 46 weeks per year or approximately 230 days. A flat white coffee costs around $3.80 per cup, times that by two and that’s $7.60 per day. Wow! That’s $1,748 a year on ‘coffee!’ Add to that the $2,300 we spend on something to eat and you have a total of… $4,048 dollars.

That’s $4k per year that’s going in the top end, dropping out the bottom-line and providing no investment value in the middle. In accounting terms I believe that’s called a deficit. Read the rest of this entry »