If you lose 50% how much do you need to make to get back to where you were? Not 50%
You have to make 100% to get back to even.
It’s much harder to come back than it is to maintain.
As a wise mentor of mine, Keith Cunningham told me, the great sports teams, and great business people, don’t just focus on their offence, they know that to win they also need a great defence.
As Warren Buffet said, rule number one is don’t lose money. Rule number two is see rule number one.
In life, if you can’t win, change the rules.
There are two lessons that are relevant to life that have really struck me:
Siri wasn’t created by Apple.
How often are you getting out of the weeds to look at your business? Weekly? Monthly? Quarterly? Yearly?
I was spending time with a friend recently who has built a huge multi-national business. We were talking about life and business, and then we got on to health and he said something very interesting…
This week I attended Peter Diamandis’ technology event, Abundance 360.
As 2017 draws to a close, 2018 offers up unlimited opportunity for each of us.
When it comes to your business, what’s more important, revenue or profit?
I run a course called Board of Directors. Business owners join me for two days every three months and we go deep on their businesses, and their own personal psychology.