Well, ONE of my favorite stories!
A small businessman from the old country kept his accounts payable in a cigar box, his accounts receivable on a spindle, and his cash in the cash drawer.
“I don’t see how you can run your business this way,” said his son. “How do you know what your profits are?”
“Son,” replied the businessman, “when I got off the boat, I had only the pants I was wearing. Today, your sister is an art teacher, your brother is a doctor, and you’re an accountant. I have a car, a home, and a good business. Everything is paid for. So you add it all up, subtract the pants, and there’s your profit.”
Thought for the day:
What would I do if I knew I could NOT fail?
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