I recently witnessed a multi-million dollar deal unfold after two years. Two years of time, talent and knowledge put in and no deal! Not to mention at least $100,000 spent on analysis, studies and reports determining the feasibility of the project. The principals/key players that were a part of this team didn't get paid for the hundreds of hours that they put into this project. Why would they work for free? When you look at the potential of the opportunity, that would ultimately return several millions of dollars in revenue the question then becomes, why would they not work for free?
What are you willing to put in to "the Project" to reap the rewards that you ultimately dream about? The projects, ventures and opportunities with the highest payouts tend to require a commitment that most people are unwilling to make. This commitment that most won't make is what keeps most people working for other people as opposed to working for themselves! This commitment that most won't make contributes to the growing gap between the rich and the poor!
The investment of time, talent and knowledge is the commitment that I am referring to. Most people feel that if they aren't being paid upfront, it isn't worth their time. Most people feel that if they aren't being paid up front, they have no reason to waste their talent. Most people feel that if they aren't being paid upfront, they aren't giving anyone else their knowledge.
The difference between people that achieve and maintain a high degree of life long success and prosperity realize the value of investing in the right opportunities which require a great deal of time, talent and knowledge and no compensation up front but have end results that are immeasurable. When you put a set price tag on your time, talent and knowledge you can potentially miss out immensely. It isn't always about how you can benefit today. What about how you can benefit in the future? Make it about how you can retire at 40…or before! Don't limit yourself!