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Your location was 8 by 12 feet. It was so small that when you added your second copy , we had to put down the sidewalk . There was no room on the inside . Did you need seed money did you borrow capital house .
I fired $5,000 from Bank of America. My Deco .
My savings Heathrow of the year prior.
5000 dollars a loss in the bond market.
If you who confirmed could lose all your money.
Competence like I did it.
But have a graduate college tour.
My family sitting feels character doesn’t.
So realizes things can go bad.
They gathered always tell me the biggest reason if they are likely to pass and will go to your head.
Love it. I love , I mean I just fabulous and and when you’re starting out at you have personal mentors .
But we will go back now.
I’m sure police.
So barred the $5,000.
In then I think the following from September to January beautiful and then I go to the Bank and I started in the credit they have real summer so I cash flow balloons. But I did at all 30 years . We did it all on cash flow internal cash flow .
The sad part.
To that which I really , and I think that I really enjoyed the most of my business is managing the cash. I really enjoyed it and managing to check book to .
Zero. A real fighters . Yes .
How would do it is and it’s very hard because the government really is the friend and business because you have more you have more receivables have more in the , you have more of a sort of improvements and this government comes from all around every 3 former 6 higher cash away.
Nevertheless , I mean , take a quick break on that got a break to make some money here ourselves , we have that all I wanna hear how this leveraged out. Ladies and gentlemen , powerful and a Founder of Kinko’s we’ll be right Back Operations Officer .
This part of this week’s and regions of success review. No problem . You can tear each week show on online on our website at Legends of success.com .
Growth hacking Saturdays Sundays 11 only brought to you by the outlet online huge stating some of it you needed one. It’s a big deal . The outlet on only .
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Employees of Jake you know financial heavy appropriate licenses for the products they offer.
This is Albert.
Well for townhall.com. In the wake of tragedy . We are accustomed to hearing calls for thoughts and prayers . We’ve heard them from prominent political figures both .
Democrats and Republicans , but more recently such calls of drawn harsh criticism from the left. What does it mean when a Political Leader says that the nation’s thoughts and prayers are with those who are in sorrow and grief . It could mean nothing . It could be a quick way of moving on without meaning to do anything or it could be an expression of what is called civil religion the common spiritual language of the American people . Robert Bell , a Sociologist at the University Of California Berkeley famously argued the quote every nation and every people come to some form of religious off understanding whether the critics like it or not . End quote some critics clearly .
Do not like it nevertheless expressions of civil religion are necessary for a President of the United States any President , who must lead the nation , sometimes as mourner in chief , I’m Albert Mohler.
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Unless you love success you hear exactly how are legends made it to the top and for today’s gas full of the Founder of Kinko’s you can read it all in his work. Copy this .
Folks , this is a must read book again when we elect business for 9 what incredible story of one of America’s greatest success stories Paul before we took a break , we’re talking about how you were building the business and I was asking you about seat money you borrowed 5,000 and tell us again how you manage cashflow and expand.
Well , in the early days , we have more of a liberal policy but I I could miss it was tax policy more because person.
We had these investment tax credits I had jobs credits of the hired somebody I can get a credit for their salary. So we were , we made money but we’re telling the tax person helped us a lot .
So , and we have Ronald Reagan Reagan revolution that’s really careful best me obviously it it got rid of all loopholes.
And that he would do things as he opened a new store.
We in the store.
I’ve negotiated was Iraqi me 3 months free trial on the machine. So , those first 3 months I charged 2.5 cents a copy that blast so many companies out a .
I rivals copiers to kingdom come.
Before I was they have classes.
Those cartoons and then.
Well by Prof primary demand of copying.
And I you know their castles was Iraq’s and then because we had good credit as did my bills again 40 days away. Paper bills and I my major vendors sometime .
I could I could stretch my cash flow. A great deal and then and say the Spitzer of such a rough time billing sometimes they were good to be here for a year .
Well God Bless America but they really became which I think is another key to growing a business they came of good business partner for you didn’t it. Paul .
A very good.
And isn’t that important for all start-up businesses and stuff you see so often I know bidding is important but I think relationships are the most. One of the most important key elements in anyone’s success tell us a little about that or .
I would be nobody I would go to my lovely. This is exactly .
You know I saw somebody within the lively if they didn’t have magazines in the lobby person extend themselves and I get really here and if they were waiting 10 extra minutes for somebody other Car companies for the appointment.
I would get that executive gear out of him. You don’t keep anybody with you my philosophy was you make those vendors party your workforce .
And I would.
I can always tell when I got the loyalty of the salespeople and I did say , well , I don’t know if he’ll go for this , in other words , he was part of that work. Saying there I would have to fight them on it method . He was on my side against his own company and that’s what I I could work that was a good sign .
That’s a very good side and that’s an important lesson to. We really want to drive home you know strategic alliances have never been out of work , they just have been promoted enough and and building a business . There’s no relationship like longstanding order wish the relationships in so many cases among right .
Oh yes , I had the same accountants and lawyers say that’s cut of a whole litany of competent people but was unfortunate start your business.
When I started my business my percentage of working with competent people. It was very low , because you know surfing you know the surface . I can get it will be short of .
Store it eroded to beaches in a word. Yesterday the really are .
As you work , you find categories of people are.