| Just Double - Or Divide By Two! | |||
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As an investor, our mission is to see how we can double the value of something and how quick we can make that happen. How fast should it take one dollar to become two? This is known as turning a dollar in the inner circle. While some people are looking at 7 years or more to double their return, many successful look it in a different way and see how many times they can turn a dollar per year!
I have consistently seen people in our different inner circle groups take what they are making a year and in a relatively short time start doing that a year. I just had a consulting session with a couple of people and we set some action plans in place where I think we will be able to add $20,000 a month to their income by making some small changes in what they are doing.
I think Jim Rohn has it right when he asks how long do you give your child to graduate from the 3rd grade? Well, one year of course! Well, do you think it is possible that a person change what he or she does and go from making $10 and hour to making $20 an hour. Of course you probably say. But could you do that again, and start making $40 a hour if you change some small things and increase the value of what you are adding to the value of the company? Of course you can. As a business owner there are several variables you can work on to make this happen – more customers, higher price items to sell, and frequency of purchase from your customers.
Well, how long do you give yourself to double your income? What can you do to improve just 10%? And how many areas can you improve by 10%? How often can you make that happen?
While some business people settle for a 10% increase a year, many of the inner circle members are looking at doing that a month!
What about waste and spending time on lower level activities? Well, do it backwards – divide by two. How long will it take you to cut your waste by half? This is where the most successful people are doing it – focusing on cutting waste and increasing profits by focusing on the most productive activities. This combine action plan produces more results in a quicker time than most people achieve in a lifetime.
Respectfully,
Terry Bryan
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