Rule One: Scarcity and Clarity - How Do You Play the Game?

Mark and Jesse discuss Rule One -- give every dollar a job -- for businesses, specifically around the concept of scarcity. There are only so many dollars available at any one time, and often not enough to do everything an entrepreneur wants to do. Mark argues that this scarcity is actually the entrepreneur's best friend, as it drives businesses to get creative about reaching their goals with the resources they have, rather than put themselves in financially precarious positions by borrowing money (resources they don't have).

 

So instead of thinking of "scarcity" as a bad word, start thinking about it as the key to unlocking your creative potential.