Millionaire Entrepreneur Forum - View Single Post - $3,000 to $1,000,000 in 15 months: HOW TO DO IT

JScott · Sep 6th, 2007, 12:22 PM

Okay, interesting thread...a couple follow-up questions Russ:

1) What does success look like? For example, should I be optimizing for making the most money in that time? Or should I be optimizing for making over $1M, even if my risk of ruin is higher? In other words, would you consider someone taking this challenge more "successful" by shooting big and ending up with $0, or shooting small and ending up with a smaller amount than $1M (for example $20K)?

2) Is the $1M a realized gain? Or could it be equity in an asset that is not liquid but currently worth $1M?

3) Can the $1M gain be spread across partners (not necessarily financial partners, but perhaps sweat equity partners)? Or must it be one person who has earned the money?

Sep 6th, 2007, 12:22 PM	#3 (permalink)
JScott Level: (3) Lamborghini Joined: Aug 2007 Posts: 1,527 Thanks: 34 Thanked 144 Times in 96 Posts	Re: $3,000 to $1,000,000 in 15 months: HOW TO DO IT Okay, interesting thread...a couple follow-up questions Russ: 1) What does success look like? For example, should I be optimizing for making the most money in that time? Or should I be optimizing for making over $1M, even if my risk of ruin is higher? In other words, would you consider someone taking this challenge more "successful" by shooting big and ending up with $0, or shooting small and ending up with a smaller amount than $1M (for example $20K)? 2) Is the $1M a realized gain? Or could it be equity in an asset that is not liquid but currently worth $1M? 3) Can the $1M gain be spread across partners (not necessarily financial partners, but perhaps sweat equity partners)? Or must it be one person who has earned the money?