Nick Perry lays out two rules for financial success: find something already good and make it better, like renovating abandoned properties into luxury rentals, and increase the value you provide to customers. The more value you bring, the more money you make.
Did you know that there are two rules in business that determine if you make money or go bankrupt? Number two is the easiest to implement, but most people overlook it. Rule one is find something that's good and make it better. I do this with broken properties all the time. I turn them from abandoned places into luxury rentals. Number two is the more value you bring, the more money you make. So learn to increase your level of value and over time, you will make more money. So there you have it, two simple ways to not go bankrupt in business.
