Michael Khatib

My thoughts on business, investing, philosophy and whatever else is on my mind. Thanks for reading.
March 24, 2024

Margin is Magic

One thing I love is to have coffee with other entrepreneurs and chat about business. What’s your day look like? How many hours do you spend at the office? What’s your biggest issue at the moment? What marketing channels do you use? The talking points are endless. There’s one though that’s my all time favourite - if you turn over say $5...
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November 30, 2023

Who's the Bank?

I've been in business 11 years but only recently have I paid really close attention to the importance of payment terms. Let's say we onboard a new customer. At some point an agreement is made about credit terms - they want 30 days, we offer 14 days. We settle on 21 days. Meaning we ship a pallet, issue an invoice, and payment is due 21...
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November 4, 2023

What religion are you?

Spending time with new people fascinates me. When we meet someone new, we size them up instinctively, in seconds. Instant judgments are made about their appearance, sense of style, whether we feel a connection, whether we think we'd get along, and so on. Once the superficial perceptions subside, curiosity arises re the person's backgro...
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August 25, 2023

You can't Google experience

A few years ago I came across the quote "you can't Google experience". That really struck a chord. Knowledge has become a commodity. Open up Google, Wikipedia or Youtube and within seconds you can get the answer to any question. But experience...... that's another thing altogether. And nowadays, it’s often overlooked. Experience gives ...
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June 27, 2023

Creator and Clippers

Since getting into business 11 years ago, I’ve noticed two types of (legal) money earners. Those who create value and those who just clip. Creators and clippers. The creators are restaurant owners, manufacturers, engineering companies, Uber drivers, tradesmen - people who create value from the ground up. Without them, there’s an obviou...
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June 11, 2023

First MK Blog

Testing.....
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