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It's unnatural for a business to make profit

just hire when it hurts, man. I just like because you guys are so profitable, it's good that profit.

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Alex
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MoreMozi

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Clip
Duration
0:54
Origin
MoreMozi videos
Transcript
Full transcript on this page

Key takeaways

  • I had a mentor tell me, he's like a 70s something year old billionaire and he's like, "Profit is unnatural." I remember telling him this and I was like, "What do you mean?" He's like, "A business will over time slowly eat away its own profits because people just spend money." He's like, "You have to have somebody on it who just is ruthlessly just ripping is just keeping the [ __ ] expenses down and being like, "Nope, we're just going to keep making more money and not spend more.
  • It's something that like I've always made shitloads of money and had crazy [ __ ] margins in most of the business I've had, even in industries where people were like, "Oh, I'm making 20%." I was like, "Oh, I'm making 73."

Chapters

  1. 0:00
    Abschnitt 1 just hire when it hurts, man.
  2. 0:45
    Abschnitt 2 And they're like, "Percent?" I was like, "Yeah." I was like, "What are you doing?" They're like, "Look at my team." I was like, "Look at my vacuum." You know, right?

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

2 segments

0:00just hire when it hurts, man. I just like because you guys are so profitable, it's good that profit. I had a mentor tell me, he's like a 70s something year old billionaire and he's like, "Profit is unnatural." I remember telling him this and I was like, "What do you mean?" He's like, "A business will over time slowly eat away its own profits because people just spend money." He's like, "You have to have somebody on it who just is ruthlessly just ripping is just keeping the [ __ ] expenses down and being like, "Nope, we're just going to keep making more money and not spend more. We're going to keep making more money and not spend more." And so, it's good that you have that. I just want you to lose that discipline cuz it's it's not normal. It's something that like I've always made shitloads of money and had crazy [ __ ] margins in most of the business I've had, even in industries where people were like, "Oh, I'm making 20%." I was like, "Oh, I'm making 73."

0:45And they're like, "Percent?" I was like, "Yeah." I was like, "What are you doing?" They're like, "Look at my team." I was like, "Look at my vacuum." You know, right? Like …