2007-07-30

What Are Your Assets - Part II

There is an old saying, "Timing is Everything". Well you may not have thought about it, but timing is an asset most businesses forget to utilize (or monetize).

For example, as you bring a new product to market, the First 50 (500, 5000) takers can get a special bonus, special price, special service, or anything else you want to offer them. Any offer or promotion can have a time component.

Time is a precious commodity, a limited resource. Many people believe that time is money.

I have learned that time is more valuable than money (proof that satisfies even my college professors: When out of money, one can make more. What can one do when we have no more time left? QED).

Labels: ,