Twenty something years ago, in the middle of a recession, I was sitting in my small karate school, in Irvine California, about to go bankrupt. I sat there staring at a yellow legal pad trying to figure my way out of the hole.
I was working twelve hours a day, six days a week, had a good product, a decent location and the energy and passion of youth, but I was still about to close the doors… (Yeah, I know it cliché but it's 100% factual, as my wife will attest)
I was tearing my hair out in frustration wondering: "Why was I going broke?"
Suddenly, it hit me like a ton of bricks. I was going broke for one simple reason: