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This weekend go for a walk by yourself or with a friend in your local downtown area.
Every business you pass by, ask yourself these 6 questions:
1) How does this business make money?
2) Roughly how much money do they make per day, week and month?
3) How many employees do they have and what do these employees cost the business each month?
4) How much did it cost to start this business? What's the minimum amount of $ you would need to make it happen?
5) How much rent do they pay for this location or how much was it to buy this building?
6) How much profit might this business generate for the owner each year?
Observe ALL of the companies around you.
Restaurants, bars, coffee shops, retail stores, professional services, banks, hotels, movie theaters, barber shops, etc.
If they are in business in your town and they have been there for a while, they are making money and providing value.
Then answer the following two questions:
1) How would I run this business more efficiently if I were the owner of it?
2) How would I create more revenue or reduce costs and how could I operate this business just a little bit better than the competition?
If you walk around the world with this mindset, you’ll discover an infinite amount of opportunities.
You will start to understand which businesses are good businesses (i.e profitable, easy to operate, sustainable, simple)
And which businesses are bad businesses (i.e low margin, complex, difficult to staff, difficult to grow, etc)
And you will learn a ton about where you want to spend your time and which opportunities you might want to pursue.
Go do this and then respond to this post with what you learned or saw this weekend or next week.
Day 3 of the Trump Administration is on the books. On his third day, President Trump:
-Completed the shutdown of all DEI offices in the government and placed all existing DEI employees on indefinite leave.
-Announced a new deployment of 1,500 active-duty troops to assist in securing the US-Mexico border.
-Received a commitment from the crown prince of Saudi Arabia to increase trade and investment with the U.S. by $600 billion.
-Ordered the Border Patrol to begin immediately deporting anybody caught crossing into America illegally, without a hearing, ending the insane Biden policy of catching illegal crossers only to then let them claim asylum and be released into America with a court date months or years in the future.
-Ordered a freeze on DOJ consent decrees with local police departments, which Biden and Obama used to shackle local police and prevent them from stopping crime.
-Pardoned two D.C. police officers wrongfully convicted in a political show trial after a gang member they were pursuing fled into traffic and was hit by a car.
-Had the Defense Department commit to using military aircraft to assist CBP in deportation operation.
For half a century, America has had Republican administrations filled with people terrified to fulfill their electoral mandates. That pattern has ended.
1458 days to go.