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Friday, 27 November 2009 11:39 |
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Almost all of the Portfolio Companies have some sort of
signing bonus, quick start bonus, or fast start bonus. This is important because OYC members who
have built a team will be joining each portfolio company for free. How?
- John joins Portfolio Company A and pays the
initial fee of $300. This is usually
placed on a credit card.
- Because John has 25 people on his team that join
with him, he receives a quick start bonus check of $500 from Company A.
- John then uses that $500 to pay off the credit
card before any interest becomes due.
By following this process, John has not spent a single penny
from his personal savings or checking account.
The benefits of bringing a team with you are substantial:
- No money out of pocket
- Cash flow positive from day 1
- No risk
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