GeekMBA360

We’re having the most severe economic downturn since World War II. Everyone is trying to hold onto their jobs. Many companies have suspended merit-based pay raises and bonuses. If you want to increase your take-home pay, you will have to do it on your own.

Let me challenge you: assume you’ll hold onto your current job for the next 12 months, can you double your take-home pay in 12 months by your own effort?

If you have always dreamed to be an entrepreneur, this will test your ability to generate cash flow in a short period of time.

If you’re concerned about your job security, this will challenge you to generate a second source of income and protect you from layoffs.

If you’re tired of your current job/career/work environment, this will challenge you to create a viable source of income and a job for yourself.

Write down the total amount of take-home pay for the next 12 months. Your goal is to double that amount by working on your own side projects.

Is anyone up to challenge?

Excellent resources:

• Getting Everything You Can Out of All You’ve Got: 21 Ways You Can Out-Think, Out-Perform, and Out-Earn the Competition
• How to Make Millions with Your Ideas: An Entrepreneur’s Guide
• The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It
• The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything