Availability Quote by Jim Treliving
“With that availability of cash coming in to your restaurant, get a chance when you buy your restaurant, pay it off first and then buy your property. At that point, it's because you own it. Everybody runs it, and if it doesn't work, then you're not going to be out of a bunch of money.”
About This Quote
He advises using cash flow from a restaurant to purchase and pay off the business before acquiring property, reducing financial risk and ensuring ownership.
In simple terms: Buy and pay off the restaurant first, then buy the property to limit risk.
Key Takeaway
Leverage cash flow to secure ownership before expanding.
Themes
finance
entrepreneurship
risk management
investment strategy
Mood
cautious
pragmatic
Type
advisory
strategic
When to use this quote
- restaurant purchase
- property investment
- business scaling
- financial planning
Key Concepts
cash flow
asset acquisition
debt reduction
Questions to Reflect On
- What if cash flow fluctuates unexpectedly?
- How to protect against market downturns?
A Different Perspective
Assumes consistent cash flow and market stability, which may not hold.
![“Whether or not science can be applied to that mental construct [i.e. the designed entity] is a matter of availability. If there is body of scientific knowledge that can be applied, then it would be foolish not to exploit it. However, if there is none, it does not mean that the thing cannot be…” quote by Henry Petroski](https://sms4smile.com/quotes/img-quotes/17d/henry-petroski-10198_availability_whether-or-not-science-can-be-applied-to_341822.jpg)