Subtracting your way to success with investments
Most of us tend to panic when the equity market starts to fall.
In 1948, the McDonald brothers, Richard and Maurice, temporarily closed their then barbecue restaurant to streamline their entire operation. When they checked their sales, they discovered that the majority of their business was coming only from a few products (mainly hamburgers). Now, they had a bold idea: why not focus only on the best-selling products? They cut down their menu from 25 items to just 9! This move proved to be a game-changer for McDonald’s. By narrowing down their offerings, they could enhance the food quality, lower costs, and serve more customers efficiently. The rest is history!