Dec 1, 2022

Puerto Escondido, Mexico – “You see where those guys are mixing their cement!”

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There’s always something new and novel to see in a foreign country. Mexico sure lives up to its billing.

One thing that stands out is the way things are constructed. No, I don’t mean the beautiful straw roofs that adorn so many buildings and terraces. And I’m not even referring to the slow and manual processes used.

I’m referring to how they mix cement on the job site for brick or concrete block building.

No rolling mixer.

No “wheel barrel” to them wash out afterwards.

This method is much simpler and takes generous ownership of public property.

Simply pour your ingredients onto the paved or cobble-stoned street, next to the property under construction, mix away – then shovel into a pail that is then carried manually to wherever it is needed.

At the end of the day, use some water and the shovel and smooth it all out so it becomes part of the street itself. Maybe it even fills in a pothole or two!

Interestingly, just because the processes are manual, does not mean that one could do better via more mechanical and “American” means. When labour is quite plentiful and cheap – these methods very well, might be the most cost-effective.

One thing that doesn’t change is the language of business. Be it construction, professional services or hospitality. Mexico, Europe, Asia, Canada, or United States.

This language is universal.

I’m talking about the measurement of your revenues and expenses; liabilities, assets and equity.

No matter where you are, to succeed, you need not only a proper and accurate accounting of your business operations – but an understanding of what the numbers mean and if and how you need to change outcomes.

We’re staying in a cozy apartment hotel with a breakfast/lunch place, just a few hundred meters above one of the best surf beaches in the world. And while the hotel and its owner are humble, the zeal that his staff approach the financials, is world-class. It’s one reason that explains both its success and longevity.

Unfortunately, most business owners have never taken the time or trouble to really understand the statements their bookkeepers and accountants prepare for them. 

In my experience, that lack costs owners, tens of thousands of dollars in profit annually.

That’s why I extended my “Cyber Monday” sale on my Financial Training for business owners for the rest of this week. But that sale ends tomorrow at midnight, so, if you’d like to get the discount of the year, on the best training for business you’ll ever find, then head here today. 

Until next week,

Stay healthy and focus on profit! 

- Hugh 
The “Profit Accelerator” Expert

P.S. Are you an independent CPA or Financial Professional, who works with small business owners? If you are, then you would like my latest presentation: “How to Differentiate Your Practice From Every Other Financial Professional…...and keep your best clients from leaving for your competitor!” 
You can get the replay here. cpamagic.localbizmastery.com

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