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The Tim Ferriss Show cover image

#429: Nick Kokonas on Resurrecting Restaurants, Skin in the Game, and Investing

The Tim Ferriss Show

NOTE

Proactive Planning Despite Uncertainty

It's never too late to plan for uncertainties ahead, even if one didn't have the foresight to do so before. As the future remains unpredictable, individuals can still envision potential scenarios and prepare in advance for various outcomes. By considering 'what if' situations and strategizing preemptively, individuals can navigate through uncertainties effectively. Additionally, a business's ability to pay vendors upfront or utilize net thirty terms reflects a combination of financial prudence and strategic planning to ensure stability in cash flow.

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