 Hey guys, Kim Ross here, and I'm a business consultant that specializes in reducing costs for businesses By looking that they're essential expenses and today I have a question for you What are some famous quotes by businessmen that you you highly regard? I'll give you one of mine from one of the most famous people in Omaha, Nebraska where I was born and raised Warren Buffett and it has to do with investing. He says rule number one in investing is don't lose And rule number two is pretty simple. It's don't forget rule number one This actually comes from an interview one of the first televised interviews that Warren Buffett ever made And I'll actually push post a link to it here in the description of this video And it's very insightful in the sense that what you want to do based on what he's saying right is Investing companies are investing things that don't lose for you, right? And in this particular case it really ties great into what it is I specialize in I want to help businesses not lose When it comes to over investing in their vendors, I think vendors spend a lot of time Hiding things or making it really difficult for you to understand what they offer you and you over pay for those things It's like any other business that you're investing in right that is providing your service or product You don't want to over pay for those things You don't want to over invest in those things and if you're a much like one or like myself That's what you need to look at is to see and evaluate what it really costs to Invest in a business and if that business is actually providing a good enough service to its customers that's Worth it in the end right and now ultimately you don't want to over pay for that in comparison to maybe what another business is Offering right and that's what Warren does Warren does that and he's made lots of money Being that simple right having simple Easy to understand easy to follow Philosophies of something in business at least when it comes to investing in the stock market and in businesses that is required And I think ultimately that is what we need to do in business too when it talks about operating business We can keep this simple if we can understand how to not lose then we should be in a good enough spot to Evaluate and understand the trajectory of our business at any given time and that's what I'm hoping to do with my clients Is I want them to understand and be able to simplify Their vendor situation right and say hey look these are the businesses that provide the services to you that are worth Investing in because in the end the return on that is going to help your business be even more profitable in the end So I think that's it's about all I really want to say about this. I really think I've Honed in on some things here about Warren that I I want to be able to convey to you because I really do feel like a lot of what Warren has ingrained in himself. He's ingrained in the society or in the in the In the town of Omaha I feel like when I was born and raised in in in that area a lot of folks Spent a lot of time investing in the right things Looking at things asking the right questions and that's something that it just comes second nature to me And I want to give that second nature to the businesses I serve and so that's that's what I'm out to say I'd really love to hear what some of your Famous quotes are what business people you regard and what what they say and how how you look at things at times But I really do do highly regard what Warren has to say and like I said I'll put in the description I'll link to this video that I found that's really profound as far as This was decades ago, right when he first started or maybe not first started But when he was first getting known as Warren Buffett, this was what he had to say And I don't I don't think he's astrayed too much off of off of that philosophy when it comes to investing and Evaluating businesses and it's not that business change doesn't change and that you your philosophies can't change There's a core to it and I think the core to it is really in this interview So I'd love it if you check that out I'd love to hear what your your thoughts are your comments are about that as well as I'd love to hear what quotes you like from other famous people In business what they have to say I'd like to have a discussion there and please subscribe if you haven't already Please like this video to help the numbers out helps the algorithms push out this content to other folks that Really do need to value business or want to understand business better I want to provide that content for them as well as give them some great advice and and have some great discussions as well And let your friends know I'm out there. So until next time, please visit my website. I'm Ken Ross comm and I'll see you around