Good Morning, Money!

← Good Morning, Money!3 sep · 1 min

Ep.545 Pablo Escobar Lost 10% to Rats—and Built the Loss Into the Model

Ep.545 Pablo Escobar Lost 10% to Rats—and Built the Loss Into the Model3 sep1 min

Unexpected losses can paralyze a business when every setback is treated like a crisis. Pablo Escobar’s criminal empire reportedly generated so much physical cash that large amounts were hidden in fields, warehouses, and walls. According to his brother Roberto, roughly 10% was written off each year because rats ate it, water damaged it, or it simply disappeared. In today’s episode, we break down why recurring friction should not be allowed to derail your entire operation. When a loss is predic...