Yesterday I explained why professional sports teams trade 5 players for a superstar as well as how Bill was excited his ex-girlfriend wants to get back together. 

Speaking of how first he won the lottery and now THIS…

Mike lost his job and here’s our conversation:

Me: Hey man, heard you lost your job, sorry about that.

Magic Mike: Ya… it was an amazing job and won’t be able to find another like it.

Me: Where did you work?

Magic Mike: NASA Mission Control Center.

Me: Oh wow, so what happened?

Magic Mike: I misheard when they said, “It’s lunch time.”

Me: 

In other news from my BCS podcast…

It’s amazing to look back at your previous work with embarrassment… all because you had the courage to get started. 

Anyhoo…

Your one PROFIT ACCELERATION THING today is: 

‘Investment Checklist’

Two days ago, we went over MOAT’s a venture capitalist would be interested in.

Here’s Warren Buffett’s checklist for a business worthy of his consideration:

1. Is the business understandable?

2. Do you know how the money is made?

3. Does the business have a consistent operating history?

4. Does the company have favorable long-term prospects?

5. Is there a MOAT around the business (a high threshold of entry)?

6. Is it a business that even a dummy could make money in?

7. Can current operations be maintained without too much needing to be spent?

8. Is the company free to adjust prices to inflation?

9. Have you read the annual reports of the main competitors?

Hopefully you already worked this out… 

… but this is a great checklist for choosing a high-end coaching client that’ll stay around for the long haul.

Rather than reading annual reports, check website / pricing / products / services / marketing assets / mystery shop etc… 

#MakeChecklistsCoolAgain

Tell the others. 

Now, pick up the phone and go help someone.

Obsessed with your business coaching success,

Karl Bryan

Founder

Focused.com

PS. Don’t tell people your dreams. Show them.

PPS. Marriages break-up from a lack of money over a lack of love X 100

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