So if you've been grinding and bleeding cash, you probably are taking on too much risk.

And it's typically one of three problem areas.

Happy Thursday morning, everybody. Welcome back to the Tropical MBA podcast. Of course, we are the show all about time and location flexibility, building these incredible businesses while pursuing wealth. We're going to talk about a lot of grab bag topics today, things I've been thinking about, things I found on the web.

I wrote up little mini essays, and I'm going to share them with you today. So let's roll it.

I want to react to what's happening with Doge or the Department of Governmental Efficiency here in America.

It's headed up by Elon Musk, who is indisputably, whatever you think about the man,

is one of the most talented entrepreneurs of all times.

So there's some methodology here to the chaos that it has created.

If you read the news, you see the chaos.

Obviously, a lot of people have lost their jobs, and it must be a horrible situation for them to be in.

However, I think we can take a look at this and get a sense for how it could or could not apply to our businesses. So there's two key areas here.

The first is this methodology of a zero-based budget.

In our company, for some weird banking reason, every year we had to get

new credit cards from our bank. I think we've fixed this and we've put it in a process. But it was

kind of this really interesting moment where all of our subscriptions would get canceled every

year. And you can do this with your personal credit cards too. It's really interesting.

Like, what would you go and re-subsubscribe to? And this is a concept of instead of benchmarking over

what you did last year, you benchmark from zero. And so when we do coaching calls, for example,

one of our diagnostic questions is, would you rehire your team? And this is another zero-based way of thinking, let's look at

our revenue, let's look at our different product lines, and ask ourselves, what do they need

to be successful? And especially with us, our biggest operational expense will be our team.

So these things change so quickly that benchmarking off of last year can

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