Select Page

Would you spend $4,000 to make $40,000?

Would you spend $4,000 to make $40,000?

If it’s not a sure thing, how much risk are you willing to take?

Would you invest in your business if you had a good idea that the return would be 10 fold (or more)? Of course. But how do you know if it’s going to pay off? Since we can’t be 100% certain, let’s look at what you can do to increase that percentage to a level of comfort.

I won’t go into details, but last night our school auction team hired a new auctioneer and he was more than fabulous. He was a consummate professional and took over the evening with warm, direct and fun fund-raising techniques. I talked with him extensively and plan to interview him on the Repossible Podcast (when his busy season slows down) to learn more about the psychology of auctions.

Let’s look at how to minimize risk and maximize return.

  1. Experience: has he been around the block? Does he say things like, “I’ve done this 42 times and I’ve increased revenue for schools on average by 25%.”
  2. Trust: do you just have a good feeling for the person? What is your gut telling you?
  3. References: can you talk to others to see what’s he done for them?

Are you willing to spend the money to make the money? What if you didn’t invest the money, what would that bring?

  • Invest $0 –> Earn $5,000
  • Invest $2,000 –> Earn $10,000
  • Invest $4,000 –> Earn $40,000
  • Invest $10,000 –> Earn $200,000

Seems simple, right? But of course, those aren’t guaranteed numbers. Just like any investment (advertising, stock market), there’s risk and return. How much are you willing to risk? Also, is it your money to spend? Is it your money to earn?

It’s risky, but when it pays off, it’s rewarding, exciting and can be a rip-roaring party.

How much risk are you willing to take that lightning might strike?

How much risk are you willing to take that lightning might strike?

About The Author

Bradley

I don’t like to call them excuses. They’re priorities. With a handful of exceptions, we usually have a choice in our actions. They just need to be prioritized.

Trackbacks/Pingbacks

  1. Writing Every Day Beyond 1,000 Posts - […] Would you spend $4,000 to make $40,000? (Mar 13) […]

Leave a Reply

Goodreads Giveaway!

Goodreads Book Giveaway

Every Single Day by Bradley Charbonneau

Every Single Day

by Bradley Charbonneau

Giveaway ends December 24, 2017.

See the giveaway details
at Goodreads.

Enter Giveaway

Bradley on Podcast

Interview on the “Blogger to Author” podcast. “Now I’ve lost all fear of any critique and now I just do it.”

The Pill

Sample chapter from “Every Single Day.”

Lose weight, get focus and wake up fresh.

The Silent Treatment: Every Single Day The Silent Treatment: Every Single Day

Have you had a significant change in your life?

Want to finish that Book?

Thursday Thunder