Less Is More Mentality
Tony Kereluke • May 25, 2017
Less is More Mentality & Rebooting Overhead Management
Often times our North American society programs us to acquire and have more “things” however the consequence of this programming results in having more overhead, bills and monthly costs. Why do many of us fall into this high monthly cost and higher pressure trap? What about the theory of "less is more"? Have you ever thought about restructuring your overheads at home and your entire cost breakdown per month? If things appear to be high on the monthly bills and overheads, have you thought about trimming the fat or downsizing to make your life more enjoyable? Perhaps it is time to shift things by starting over and doing it right this time. Each year and often times quarterly, food costs increase and gas prices do not seem to decrease even when oil is down. Further, we are told inflation is only a percentage over the previous year which appears to be deceitful through manipulated statistics that we are given. As the inflation statistic is released to us in Canada it seems to omit food and gas essentially skewing the numbers and appearing to be deceitful.
After traveling through Italy for 3 weeks and spending time in Sicily this month it really made me wonder why do we as Canadians live for so much material ‘stuff”. It seems to be about obtaining more and more “things," a bigger house, a more expensive car trap and for what? One's ego?
There should be a shift in mentality with a focus of having less “things" in life. In addition, most will actually enjoy a much more simplified lifestyle. The result can then trigger more travel to see the world. Drive a small cheaper car to weather storms that may come our way and have more side reserve cash to use as you see fit.
Moving forward try and think about whether your costs are too high? If the answer is yes, then don’t be afraid to reboot and start over. Clear the desk off and start fresh. It takes some determination and guts to do this however when you do, what a feeling it will be every day. Not to mention the pressure that will be released and the freedom you now have daily.
After all aren't we all entitled to be free and to have freedom to walk through the lemon garden and not be trapped and stuck by our own doing.
Learn what buyers look for in a business, from cash flow and recurring revenue to owner dependence, risk, systems and growth potential.
Learn how to organize financial records, document earnings, identify add-backs, and prepare for buyer due diligence before selling your business.
Learn when to sell your business, when to wait, and how market conditions, valuation, buyer demand, and exit strategy affect your decision.
Learn the biggest mistakes owners make when selling their business and how to avoid pricing, timing, confidentiality, and negotiation issues.
Learn how to sell a business confidentially without alerting staff or competitors. Proven strategies to protect value, control information, & close discreetly.
Learn how long it takes to sell a business, the key stages involved, and what to expect from preparation to closing so you can plan your exit with confidence.
Learn how to value your business using SDE, EBITDA, and market multiples. Understand key factors that affect valuation before you sell your business.
What's Trending? Businesses With Cash Flow & Hard Assets/Safe Haven's With the recent turmoil in stocks correcting and swinging around like a yo yo in a kids playground. Individuals & smart money investors are seeking out hard assets/ small businesses & franchises with cash flow. I receive hundreds a calls a month from buyers looking for cash flow and focused on hard assets. This sounds like a solid simple plan of attack and is working for a select group of smart money investors. Safe haven demand is at the highest level in a very long time. No one knows what will happen tomorrow or next month with the market or economy so why not take control your own future this way. If you are looking to diversify away from financial instruments and be in the drivers seat of your hard earned work. Why not start a side hustle? Or partner up to buy a franchise business in a great location? Or add onto your existing business portfolio and purchase another business. This I am seeing a demand in calls & especially over the past 6 months. I am a big fan of physical bullion gold and silver and have invested a great deal in this space over the past 5 years and returns are there. Here is a chart of Gold 5 year and one year as of MSN money app in USD funds. Gold Per Ounce 3405 USD +81.80 (+2.46%) Today USD PAST YEAR • AS OF MAY 6, 10:05 A.M. EDT +1,073.20 (+46.04%) USD PAST 5 YEARS • AS OF MAY 6, 10:06 A.M. EDT +1,659.10 (+94.98%) USD While the S +P index YTD to date is seeing a loss YTD YTD • AS OF MAY 6, 10:06 A.M. EDT -282.47 (-4.80%) 33.40 Silver Per Ounce +0.90 (+2.76%) Today USD PAST YEAR • AS OF MAY 6, 10:01 A.M. EDT +5.99 (+21.89%) USD YTD • AS OF MAY 6, 10:02 A.M. EDT +4.12 (+14.08%) This type of hard physical asset is yours only and holds no counter party risk. It is recommended to have safe storage in higher amounts & can always be sold and turned into a fiat currency anytime you wish. It's a flight for safety and a safe haven, and is working as world fiat dollars de-value with inflation chewing away slowly at it. One suggestion is to not do what everyone else does. In fact you may want to look at the opposite first. Then do your own due diligence. While I do not give out financial advice you are welcome to speak with your advisor who most likely will not talk about gold or silver or investing into a small business and will push there financials instruments so they can obtain a fee from there bank. So it is important to talk to many others in different fields. Try not to trust one source to park your cash or plan your retirement. It's just too risky to let it all ride on whim of a financial instrument and hope it keeps going up. As there is nothing better than controlling your own destiny in life. Master your own destiny is the way to go and work for it and build it they will come.