This is a guest post by the late Chip Hines.
EXPENSES… Any kind. Big. Small. Necessary. Not necessary. Variable. Fixed. Seasonable. Inflated. Hidden. Ignored.
These are the real profit killers! Not the down market. Not the dry year. Not the long winter. Not the hot summer. Not the late frost. Not the early frost. Not the surprise blizzard. Your profit killers are there all year – year after year.
The only way to survive the many calamities that can gang up on us is to keep all expenses at bedrock level. Every dollar spent on an expense must first be recaptured before there is any possibility of profit! Eliminate your profit killers!
Quote Worth Re-Quoting
“Success breeds complacency. Complacency breeds failure. Only the paranoid survive.” ~ Andy Grove
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