Stop paying full price for everything! Negotiate! How? Listen to Carl Gould, your #70secondCEO every week day.
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Hi Everyone, Carl Gould here your #70secondCEO, just over a minute of investment per day for a lifetime of results.
Then you reserve capital, cash reserves. So you get, sorry, you get your money going in to your cash reserves. You want to increase your lines of credit. Okay, so two strategies right off the bat refi, extend your line of credit, taxed you know accelerated depreciation and cost segregation. Okay, so let’s do that right away, let’s say cash in the bank right away. Okay, here we go. Alright now we’ve kind of talked about this already. Let’s talk about number three. We haven’t talked about that already. I must say that, I said this to somebody and then they went out and did it. Congratulations, I’m glad it worked. They wanted to hire somebody. That person was asking for a salary of $95,000. They offered them $55,000 and the person took it. In this economy, they took it. All of your asset purchases, start your negotiation. If you’re going to buy a building, real estate, machinery, equipment of any sort, start your negotiation, even salaries, even talent, start your negotiations at 60% ARV. 60% and then ARV is After Repair Value. In other words, what has to be done- training, repairs, renovations- in order to bring this back up to market value and functionality.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.