I have to turn down a lot of clients and opportunities
Unfortunately, I have to turn down a lot of clients and opportunities that come my way. Why? Most of the time it’s because they aren’t thinking big enough for me. I think that when you’ve got a great idea or a great company you’ve got to be all in. People have come to me offering 10% of a company with no investment. However, if your company is only going to be worth around $100,000 then 10% isn’t worth my time.
Respecting the value of your time
One thing I frequently emphasize is knowing and respecting the value of your time. At the end of the day, it’s the most precious thing you have. You may have a limited amount of capital, but you can change that. It’s flexible. Unfortunately, you can’t add hours to the day. This is why it is so essential for me to focus on opportunities that have the best upside for me and my interests.
One reason so many businesses fail is because people lack a good understanding of time. It’s easy to have a great idea, but far more difficult to execute that idea. It requires patience and dedication. You’ve got to put in the time to make it work. The amount of time you dedicate can directly correlate to whether you can accomplish your goals. Know what you’re worth and create a business that gives you the success that you have earned.
On a daily basis, I allocate my time based on the potential upsides of the opportunities that I’m looking at. I have to pick and choose exactly how much I’m putting into each and every investment. It’s incredibly hard work, and it’s the reason I don’t mess around with things that aren’t going to benefit me. There’s too much to get done to deal with that. M. Scott Peck’s insight on the value of time has always resonated with me, “Until you value yourself, you won’t value your time. Until you value your time, you will not do anything with it.”
The bottom line is this:
If you’re going pitch an idea, think big. Convince me. I’ll turn down deals if the big thinking isn’t present on the other side of the table. I’m always looking to work with innovative entrepreneurs who come in with a pitch that blows me away. Know your worth, and also understand that to appeal to investors you’ve got to show them exactly why their involvement and dedication will benefit them in the end.
Want to learn more about Zig Ziglar Taught Me The Secret To Success, Believe In Yourself Has Become An Overused Motivational Term, My Success Formula, or You can find me on Instagram, Facebook & Twitter.