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I lost $25,000 and I'm happy about it.

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Berel Solomon avatar
Berel Solomon

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good morning good morning Beryl Solomon here Big B how you doin I'm in beautiful downtown San Diego I'm here for a conference called the NIC conference it has focused around nursing homes let me tell you why that's relevant to you if you've been watching my journey you saw us do the entire tradeshow event a couple weeks ago we film booths for free has sold it to them after although it was a nightmare to begin with we turned it around and made it a good situation but I still but I still lost $25,000 on that experience am I upset about it not for a second let me tell you why I thought the best education of my life it cost me 25 grand to figure out that business now that we know how to do that business properly and how to do it in a way where we're not gonna lose money on the next time where we could do it efficiently we could do it intelligently we could do a profitably the 25 grand was worth it people spend hundreds of thousands of dollars in debt to go to university it cost me 25 grand friend education knowing what I know now I would have done that business and I would have done that trial much much much differently but the only way that I'm able to know that is after going through it what if what I think I'm trying to say is fail forward do not be afraid of failure why am I here at the Nick because this is our nursing home business there's a try test and improving so I know that we're gonna make money here so I have a little bit of a balance between trying new things trying new markets trying new concepts but at the same time the very next week I'm at our tried tested and proved in business model a lot of entrepreneurs a lot of salespeople want the new next shiny thing and they forget about their main core business so as you're trying these new things do not forget about the core business as well because that is what pays the bills day in and day out do not be afraid to fail fail often fail quickly do not stay in the failure zone fail quickly pick yourself up and move forward I hope this brought you value god bless and wish me luck at my trade show today it's going to be epic