Invest in Your Skills

Sunday, July 15, 2012 | comments

You could be the next Apple or Google. Invest in your skills!

How many of you bought Apple at $100 or $200? Or Google right after it went public?

If you have owned either of these stocks for years, you are up HUGE and that's awesome. Nice work.

So are you looking for the next hot stock? It's right under your nose. Literally. It's you. One of the best investments you can make is investing in yourself and your skills.

Seriously. Think about this for a minute. What if you spent $5000 and hired your own speaking coach today? What if you brought in a client that would pay you $5000 a year for 5 years? That's a 96% average annual return, all for improving your skills and getting over your fear of public speaking! If you bought Apple stock and held it for 5 years, you only would have made 37% a year (source Yahoo finance).

Here's what I commonly hear: I don't know how so I stop.

I see this all of the time. We try to do something and then we get stuck. We can't seem to find a solution. So we just stop. The frustration kills us.

Reframe: Make a decision to get better at a skill you need to finish the job. Find someone to teach you what you need to know.

Invest in yourself. Do it from a skill development angle. Push yourself to grow and get better at what you do. It's how you will separate yourself from everyone else who does what you do.

Pick a dollar amount you want to invest to get better at your skills. Choose a skill to improve which could set you up to make more money and grow in your business. I'm looking for an ROI (return on investment) on your skill development. Wait sec. I kinda like ROS - Return on Skill - better than ROI. Can we stick with that for a little?

Here are a few areas that you may want to think about improving:

* Copywriting
* Leveraging technology
* Getting better at social media
* Improving your communication

If you get better at what you do, or your product gets even better, you will feel like a million bucks. Why? Because you're improving your skills. You're getting jiggy with it. You're reaching your full potential. And you are having fun.

This post is for informational purposes only and should not be construed as individualized investment advice.
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