What would you do with 25k to impove your producti

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Jul 30, 2008 4:45 pm
Hello all,
I just got 25 large to be used on my business as I see fit.

What would you do?

Thanks in advance
Jul 30, 2008 4:51 pm

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...

Jul 30, 2008 4:53 pm

Skybox at the football stadium

Jul 30, 2008 5:20 pm

Any serious responses will be appreciated.

Jul 30, 2008 5:22 pm

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.

Jul 30, 2008 5:23 pm

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?

Jul 30, 2008 9:55 pm

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.
 
Jul 30, 2008 11:32 pm

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.
Jul 31, 2008 11:40 am

Find a good coaching program. I would recommend BAI (Bachrach's Values based Financial planning).  Strategic Coaching is supposed to be really good too.

Jul 31, 2008 11:44 am

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.
Jul 31, 2008 2:25 pm

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 input
Jul 31, 2008 2:43 pm

Gaddock 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.

Jul 31, 2008 2:56 pm

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.
Jul 31, 2008 5:53 pm

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.