What would you do with 25k to impove your producti
I just got 25 large to be used on my business as I see fit.
What would you do?
Thanks in advance
Buy subprime mortgages at a 50% discount, slice them up, put a triple A rating on them and sell to your neighbors at par. Don’t thank me…
Skybox at the football stadium
Any serious responses will be appreciated.
Targeted Seminars. It’s the one thing that you can spend heavy money on and get a good return. If you were further in your career, I would say nice client gifts. But right now, you need more clients (you’re one year in, right?). With 25K plus some subsidy from your B/D and wholesalers, you could do a 24 month cycle of high-quality seminars. Just don’t blow it on office crap, literature, blah, blah.
What do you really need? Technology , staff , training what is going to pay YOUR BUSINESS the best return on your investment. A good starting point?
Rent out a movie theatre monthly.
Do a client appreciation event with chair massages, wine tasting. Invite Bspears for a comedy night. Invite Babs for a bikini contest.How did you get this and what kind of strings are attached.
I would use a good portion of it on a targeted advertising program with flyers,postcards, letters, media advertising and other constant drip programs combined with a seminar series. That would probably use up the entire wad. Anything left over....buy scotch......good scotch.Find a good coaching program. I would recommend BAI (Bachrach’s Values based Financial planning). Strategic Coaching is supposed to be really good too.
Actually, I would get EVERY single investor you could find between the ages of 45-65 with over $100k or whatever minimum you want to set and fly in Nick Murray for one of his “Promised Land” hour long speeches.
It costs about $10,000 plus first class airfare and 4 star hotel stay if necessary to bring him out. If you did this, send me an invitation too, I love listening to him.B24,
Thanks that’s good info. We have some programs that my firm WB has that is pretty turn key. Yes Im the 1 year in. Today is the last day of my first year.
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Norway,
I was thinking of doing the sandler school but the closest is a 3 hour Dr. I do a lot of option and was going to get Tony Saliba’s course and maybe go to one of the Rainmaker seminars.
Babling,
I got it as a production reward. No strings no taxes but must be used only for business. Sounds like you and B24 think the same.
Now_indy,
I would be all over that as our ‘training’ dept at the home office is a one pony show pretty much.
Snaggs how goes it?
Thank you all for your inputGaddock glad to assist. On Sandler ( the franchisee in my city ) very successful and does extensive training for a host of subjects on sales and marketing.
Norway,
Yeah it came very highly recommended by a person I hold in very high regard. It's just not logistically in the card being hours away.Here are some of the top coaching programs:
http://www.strategiccoach.com/ Strategic Coaching http://www.baivbfp.com/ Bachrach & Associates (BAI) http://oechsli.com/ Oechsli Institute http://www.joinpeak.com/ Ron Carson - Peak Productions http://ww3.paretoplatform.com/ Pareto Platform http://www.cannonfinancial.com/coaching/ http://www.psbtraining.com/ If you are serious about a coach, I would think one of these companies can help you out. Some of these you can pay by the month ($300 - $2000/month), or by the service/module.