…Gotta make my money double
Struggle out of trouble, all good
I’mma hustle ‘til I bubble
Gotta make my money triple
Hennessy not ripple…
Ray Luv ♦ Bubble
Takeaway #206: Venture capital returns are in the cards. Did you really come to have a 100% ROE or something a little more. The double is just getting you beyond the break even point; let’s take a look at that triple return. Double your money three years; triple it in five – failure to triple in ten years and you lose: game over. We don’t need to knock it out of the park, but the risk-reward of this effort has to make sense… or… cents…or dollars.
…It’s just another day at the coffee shop
We selling everything, down to the shoes and watch
No knock ‘cause we only serve the best
Oh yeah my coffee shop is cheaper than the rest!
I’m taking orders, tell me who’s next
Only cash, no credit, no checks
You wanna triple your knot? Invest in our stock
And now we doing numbers, just like the close-out
Make sure to shop with me, before it’s sold out…
Yung Joc f/ Gorilla Zoe ♦ Coffee Shop
Takeaway #185: Today, let’s clear your inventory rapidly, whatever it is. Low price and cash flow make a vehicle that signal hard to dispute ROI. Es Simple, no? Not really, but think about it.
…Now, the civilized man’s main goal is to teach
And I try to achieve this with verbal outreach
in my community, and all outlaying counties
Spread the message of good with my Now Rule mighty
Step up to the right, dispense and be known
Remember what I said is to teach your own
at home first, and as we disperse
I sparks your head like a cloudburst…
Brand Nubian ♦ Concerto in X Minor
The organization survives not just on ROI or decimating the competition. The organization survives because it has trained and mentored its less seasoned members and prepares for succession. An entity becomes a living, breathing perpetual force because it does not rely on one individual but upon a process and mechanism for fostering continuity and perpetuity the mission statement. This starts first by teaching your own at home. Do you have a formal mentoring program? Do you have a succession or business continuity plan? Do you have an institutionalized mechanism for passing on the institution’s historical knowledge or is that knowledge capital depleted when individual’s leave? The best organizations answer “yes” to all of the above.
This involves spreading knowledge in the community. Speak at professional gatherings and panels. This increases your and your organization’s profile. It builds good will and encourages others to share valuable insights and successes with you and your firm. The returns are many and often intangible and indirect, but bountiful in infinite ways.
PASS THE KNOWLEDGE TORCH
KNOWLEDGED PASS BUILDS GOODWILL