“Lost time is never found again.” – Benjamin Franklin.
I thought that things usually slow down as they come to an end. Why do I feel like everything is speeding back up? Is this a final push? Are we all just racing against time to get everything in before we get to the finish line?
Whatever the case might be, things have really picked up. So much for a soft, easy landing. I can’t complain, though. I want to sell through as much inventory as possible while finding a buyer for the business. To be honest, I have been a bit busy the past two weeks to do much searching. I need to carve out some time and really search for the right buyer.
As I search I hope this burst of business is a sign that people are starting to travel again. When families travel sales go up for us. Rising sales always look good to potential buyers so keep traveling with your kids people.
Back to the title, everything is a race against time. Life in general is all about time. Every single thing we do can be broken down into little increments of time. Business is no different. If there is one thing I have learned running multiple businesses it is that time is the most precious and valuable resource. Cash reserves are great. Smart, productive employees are great. Efficient equipment and technology are great. But nothing is as great as well spent time. All your resources, assets, plans, processes, etc, operate in time and you can use it wisely or poorly but once it’s used it’s gone for good.
Time is everything and is non-renewable. When it’s gone, it’s gone. You can always hire more people, buy more equipment, adopt better technology but you can never buy more time, regardless of the silly saying. What buying more time really means is extending your runway further into the future. For example, this burst of sales extends the cash burn rate so I don’t have to pump any more money into the business right away while I wait. Even though we are closing shop, no one wants to buy a dead horse so I have to keep it breathing and cash is the life blood of any business.
Time is the great equalizer. It doesn’t matter how much money we have in the bank, everyone has the same twenty four hours in a day. The best we can do with our time is to use it wisely and do our best to be productive and efficient. The next couple weeks I plan to do a quick assessment of where the business is and dedicate some time to move towards closing this door because I am so ready for the next to open fully.
Talk Soon,
Kevin W @LEAP272
Owner-Operator
You have to leap if you want to live
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