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Opportunities can’t tell the time
Opportunities can’t tell the time Just be ready to say “yes”! Opportunities are stupid. I don’t mean they are irritating to have around or generally score badly in basic arithmetic evaluations. I mean they have no sense: no sense of timing nor sense...
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The Bottom Line series – 5. Parkinson's Law, Dinner Plates, & Toilet Paper.
Now for the three quick educational stories about Parkinson's Law, The Size of Your Dinner Plate, & Toilet Paper. They’re three lessons you won’t forget that reinforce why becoming a Cash Rich Business not only is a good thing, but it works because...
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The Bottom Line series – 3. Benefits of becoming a Cash Rich Business
The benefits of becoming a Cash Rich Business: 1. The War Chest is a rainy day fund, a backup when storms hit but this fund is specifically for those really bad storms. It is not something to be accessed unless it is an emergency. When storms hit it...
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The Bottom Line series – 2. How to build your Profit War Chest
How much money can be transferred to the War Chest without threatening the health of the business? Start out slow and easy, then build up. Most stable companies should be able to post a profit of 10% - 25% after all expenses.
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The Bottom Line series - 1. Logic vs Human Behaviour
Logic vs Human Behaviour I was talking to a good friend of mine recently who I know regularly donates blood.
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Are Coffee Meetings Tax Deductible?
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Increase your profit by mastering this little known economic principle...
Parkinson's Law says is that if there's an available resource, it will be used up. For example with my uni assignments, if I've got three weeks to complete a uni assignment, I'll take the three weeks to complete the uni assignment.
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Negative Profit - why this is bad, and what to do about it?
What is negative profit? Imagine your business has ten thousand dollars a week coming in. A negative fifteen percent profit means that you are actually spending eleven thousand five hundred dollars.
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Where to legally store your excess profits, so the tax man doesn’t take half. (HINT: It’s not in Panama!) ???
Imagine you've got an amazing business that is trading through a Trust.
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??Are you smoking away all your profits? ??
I’m not proud of it. But my first business was … selling cigarettes to under-aged kids. This entrepreneurial dream didn’t last long as the principal of my school had actually gotten wind of what I was doing.
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