Cameron Herold

We can't keep printing money. It's no different than a business can't go out and say, well, I'll just raise another million dollars in revenue. It's hard to get that revenue. You can't just go out and borrow money from the bank because you got to pay that money back. So I think we're going to go through a period of tough times.

We can't keep printing money. It's no different than a business can't go out and say, well, I'll just raise another million dollars in revenue. It's hard to get that revenue. You can't just go out and borrow money from the bank because you got to pay that money back. So I think we're going to go through a period of tough times.

And I think businesses have to recognize that and have to operate that way. One of the things business people have to do is teach their management team how to say no. And most early stage managers, first time, second time managers, their answer to every problem tends to be hire more people. That's really never the solution to the problem. It's being able to look at the budget and saying,

And I think businesses have to recognize that and have to operate that way. One of the things business people have to do is teach their management team how to say no. And most early stage managers, first time, second time managers, their answer to every problem tends to be hire more people. That's really never the solution to the problem. It's being able to look at the budget and saying,

wait, what does this idea do? Does it make our employees happier? Does it make our customers happier? Does it drive more gross margin? Does it drive more revenue? Is it making our vivid vision come true? If it's not, why are we doing it, right? Or why are we doing it now? And I think that's where government has gotten so lazy is they just say yes to everything.

wait, what does this idea do? Does it make our employees happier? Does it make our customers happier? Does it drive more gross margin? Does it drive more revenue? Is it making our vivid vision come true? If it's not, why are we doing it, right? Or why are we doing it now? And I think that's where government has gotten so lazy is they just say yes to everything.

They're spending all this money that isn't even theirs. And then they're printing more money to pay it all back. And most humans don't even understand the difference between a debt and a deficit, right? The interest right now on our debt takes up about 40% of the revenue. If you were a homeowner, that means let's say you're paid $100,000 a year.

They're spending all this money that isn't even theirs. And then they're printing more money to pay it all back. And most humans don't even understand the difference between a debt and a deficit, right? The interest right now on our debt takes up about 40% of the revenue. If you were a homeowner, that means let's say you're paid $100,000 a year.

$40,000 a year is just to pay your interest on your credit cards. And then you got to live on this, you'd all be bankrupt. So we need to recognize that these costs that they're cutting in government are very good. And I think we need to go look at our businesses in a very similar way, right? What are the critical few expenses we need? What are the critical few employees that we need?

$40,000 a year is just to pay your interest on your credit cards. And then you got to live on this, you'd all be bankrupt. So we need to recognize that these costs that they're cutting in government are very good. And I think we need to go look at our businesses in a very similar way, right? What are the critical few expenses we need? What are the critical few employees that we need?

Most of our companies can produce 50% of the output with the square root of our number of employees. If you're running with 100 employees, it's really 10 people are producing 50% of your output. Or even the Pareto principle of 20% of your people, so let's say 20 employees out of 100 are producing 80% of your output. You can look at that other 80% and go, Why are we even doing it?

Most of our companies can produce 50% of the output with the square root of our number of employees. If you're running with 100 employees, it's really 10 people are producing 50% of your output. Or even the Pareto principle of 20% of your people, so let's say 20 employees out of 100 are producing 80% of your output. You can look at that other 80% and go, Why are we even doing it?

Do we need to do this work? Are we just busy being busy? Are we, are we busy doing work that isn't producing any gross margin? Right. And I think that's the stuff that I've always been really kind of maniacal about.

Do we need to do this work? Are we just busy being busy? Are we, are we busy doing work that isn't producing any gross margin? Right. And I think that's the stuff that I've always been really kind of maniacal about.

There's a couple of parts to that. The first off is it doesn't even have to be the woke kind of part bringing into the business world. It can also just be a desire of an entrepreneur to build a great company, right? I want to build a nice place. I want my employees to be happy. I want to live our core values. I want to do good in the environment. That's not woke.

There's a couple of parts to that. The first off is it doesn't even have to be the woke kind of part bringing into the business world. It can also just be a desire of an entrepreneur to build a great company, right? I want to build a nice place. I want my employees to be happy. I want to live our core values. I want to do good in the environment. That's not woke.

That's just being a good human being running a good business. So let's say like we built the number two company in all of Canada to work for. 1-800-GOT-JUNK ranked as number two in the entire country. Out of 1.4 million companies, we ranked number two. So we were just, it wasn't woke. It was just, we were a really good place to work. Now in doing that,

That's just being a good human being running a good business. So let's say like we built the number two company in all of Canada to work for. 1-800-GOT-JUNK ranked as number two in the entire country. Out of 1.4 million companies, we ranked number two. So we were just, it wasn't woke. It was just, we were a really good place to work. Now in doing that,

It's hard to say no to employees because you don't want to hurt their feelings. You don't want to be an autocratic dictatorial leader. So the lessons that I learned was to be able to say no because of these things. I can say to my child who's like when my kids were seven and five, no, you can't have cookies right now because we're eating dinner in 20 minutes.

It's hard to say no to employees because you don't want to hurt their feelings. You don't want to be an autocratic dictatorial leader. So the lessons that I learned was to be able to say no because of these things. I can say to my child who's like when my kids were seven and five, no, you can't have cookies right now because we're eating dinner in 20 minutes.