On Monday, I talked about becoming a Profitable Musician and what that actually means.
I mentioned that the most basic definition of Profit is "to earn more than you spend" or "to get more out than what you put in."
Who doesn't want to do that?
And I explained how being "profitable" doesn't have to relate to money.
You can make a profit in anything.
In the business world, we call that generating a positive ROI (Return on Investment).
And my goal is to help you get at least a small ROI from every email I write and every podcast I record.
When reading this newsletter or listening to one of our podcasts, you're not investing money. You are, however, investing your most valuable resource - your time and attention.
The investment of your time in the right things generates a positive ROI.
Not convinced? Let's use a personal example.
I walk almost every day.
If I could find a way to make walking twice as enjoyable, that would be a 2x ROI.
And if I could get the same benefit in 1/3 the time, that's a 3x ROI.
To do this, I could walk for less time, but up a steep hill.
I could listen to a podcast that teaches me something cool and new, that makes me laugh or stimulates my imagination with a fantastic story.
With my attention captivated, the time spent would feel really short.
So let's recap:
I'm putting in less time.
I'm getting better exercise.
I'm having more fun doing it.
It feels fast and easy.
And combining those adjustments to my walk will give me a 6x ROI! on my time and effort.
That's a seriously Profitable experience!
This is why I'm such a proponent of Productivity hacks and Time Management systems.
If you can learn to make a profit on your time and resources, you can start to put those principles to work with money.
Once you master profitability in small things and less risky things, you can move up the ladder to bigger and more lucrative things.
Profitability is a process. Let's work together to get you there step by step.
Always in your corner,
Bree Noble