ENTRY NUMBER 20: LINEAR VS. EXPONENTIAL
I would like to share you this story
An applicant was applying for a top position on a certain company
We was well versed and passed all the interviews
Except for the final interview to be done by the Branch Manager
"This one's gonna be a piece of cake!" the applicant said to himself with confidence
Upon entering the room, He felt a sense of excitement
"It seems that you passed all the tests" the manager said
"You seemed to be worthy of the position, but there's one more thing to do,
I hope you don't mind to answer this question"
"Sure sir, no problem" the applicant said
"Well let's see, which one of these businesses is more profitable in 3years???"
PACKAGE 1: a business with monthly income of 100,000PHP, increasing at 50,000PHP a month
or
PACKAGE 2: a business with 25centavos starting income, doubling every month
The applicant started to think,
"Hmmm if i choose PACKAGE 1, that would be huge
and it would take around 35 Million pesos!"
"On the other hand, if i CHOOSE PACKAGE 2, the next month i earn 50 centavos,
then one peso, then four, then eight, then sixteen, then....
GRRR, i think it would take years to reach even a thousand sir"
The manager looked at him and said
"So I see, it seems that you missed a very important thing right there
I would think if i hired you there's a chance that you will
miss those opportunities, I believe you are not the one I'm looking for right now lad.
Thank you for your time."
Remember my Entry number 18 guys? This is one perfect example
Madalas nating na oover-look ang maliliit na bagay
Nababalewala natin ito dahil nakikita natin kaagad ung kung ano ang meron tayo ngayon
Guys, in business, we have to think long term
5 years or more to say at least.
Katulad ng storya na binahagi ko kanina, Pinapakita dito ang malaking
pinagkaiba ng linear at exponential income
Now you may ask, Is there such thing as, exponential income???
And i must say
Yes there is
You just have to look around =)
Investments can give exponential income
Businesses can give exponential income
and many others.....
You can also find those on my Learnings section as well
I hope this story enlightens you
HAPPY WEEKEND
TILL MY NEXT POST
An applicant was applying for a top position on a certain company
We was well versed and passed all the interviews
Except for the final interview to be done by the Branch Manager
"This one's gonna be a piece of cake!" the applicant said to himself with confidence
Upon entering the room, He felt a sense of excitement
"It seems that you passed all the tests" the manager said
"You seemed to be worthy of the position, but there's one more thing to do,
I hope you don't mind to answer this question"
"Sure sir, no problem" the applicant said
"Well let's see, which one of these businesses is more profitable in 3years???"
PACKAGE 1: a business with monthly income of 100,000PHP, increasing at 50,000PHP a month
or
PACKAGE 2: a business with 25centavos starting income, doubling every month
The applicant started to think,
"Hmmm if i choose PACKAGE 1, that would be huge
and it would take around 35 Million pesos!"
"On the other hand, if i CHOOSE PACKAGE 2, the next month i earn 50 centavos,
then one peso, then four, then eight, then sixteen, then....
GRRR, i think it would take years to reach even a thousand sir"
The manager looked at him and said
"So I see, it seems that you missed a very important thing right there
I would think if i hired you there's a chance that you will
miss those opportunities, I believe you are not the one I'm looking for right now lad.
Thank you for your time."
Remember my Entry number 18 guys? This is one perfect example
Madalas nating na oover-look ang maliliit na bagay
Nababalewala natin ito dahil nakikita natin kaagad ung kung ano ang meron tayo ngayon
Guys, in business, we have to think long term
5 years or more to say at least.
Katulad ng storya na binahagi ko kanina, Pinapakita dito ang malaking
pinagkaiba ng linear at exponential income
Now you may ask, Is there such thing as, exponential income???
And i must say
Yes there is
You just have to look around =)
Investments can give exponential income
Businesses can give exponential income
and many others.....
You can also find those on my Learnings section as well
I hope this story enlightens you
HAPPY WEEKEND
TILL MY NEXT POST
HOPING FOR YOUR FINANCIAL SUCCESS
WILLIE VERIDIANO JR.
WILLIE VERIDIANO JR.