Growing amid a protracted economic slump requires first admitting that the economy is indeed in one.
"Talk to my customers, and you will know the truth," said Cheryl Bachelder, chief executive of AFC Enterprises, the Atlanta-based franchiser of nearly 2,000 Popeyes restaurants around the globe.
Remember in April when a bunch of misguided cheerleaders, possibly from another planet, dominated headlines? The cover of Newsweek heralded "the remarkable tale of our economic turnaround." The Dow Jones industrial average was at 11,000. And first-quarter growth in the nation's gross domestic product was making market observers embarrassingly giddy.
This is when I boldly introduced "the fried-chicken indicator," based on my interview with Bachelder and her prescient economic theory: "You have to have a job to eat."
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