501: Bootstrapping and Business Efficiency

Can you run your business better?

 

More efficient?

 

Can you decrease your expenses?

2 ways to decrease your costs

  1. you can pay your employees less (not good)
  2. produce your product or service faster for less cost

Bootstrapping is a mentality, a set of habits, a way of operating your business based on self-reliance, ingenuity, intelligence, and hard work

-The Great Game of Business

Savings can help redefine goals and be added to bonus program for employees!

Assets vs Liabilities (Rich dad poor dad chapter 2)

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