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Would You Pay $100,000?

Name: Would You Pay $100,000?
Uploaded: 2024-10-29T14:00:00+00:00
Duration: 35 s
Channel: Shanli Liu, CPA, CTP
Description: In this brief monologue, the speaker challenges the allure of a promise to double a business for a $100,000 investment. He explains that, in practice…

29 Oct 2024 · 1 min

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In this brief monologue, the speaker challenges the allure of a promise to double a business for a $100,000 investment. He explains that, in practice, businesses often experience a series of small, repeated losses—illustrated by losing $5,000 each month—before a sudden, large payoff occurs, such as earning $25,000 one month and $50,000 the next. The core message is that entrepreneurs must be willing to endure this initial loss period and maintain patience, focusing on long‑term progress rather than expecting immediate returns.

Chapters

If I tell you, you have to pay me $100,000 and in one year I will double your business, many people would probably be like, yeah, sign me up. But then what happens is month one, they drop $5K and then they lose $5K, and then month two they lose $5K again. And then they say, oh, ads aren't for me. Oh, outbound's not for me. The way it actually feels is that you lose $5K, you lose another $5K, you lose another $5K, and then all of a sudden one month you make $25K and then the next month you make $50K. But it happens all at once. You have to be willing to forego that period of time for a long time, understanding that you just want to make progress.