What Would You Do With $1,000? | Global Business Consultants );

Timothy, on the team at GBC, 2 min read


This weekend past, I was encountered with a thought-provoking question. I haven’t thought about this before and took for granted what my action would be if I was to ever be in this situation. So here’s goes. I was asked-what would I do if I had credit card debts and only a thousand dollars with zero sources of income. My initial reaction was, pay my credit card to avoid those annoying phone calls and intuitively, it seemed like the right thing to do. But then, I was asked “what about your next payment, and the one after that, and that one after that?”. I got the point very quickly and then started to back track and scratch my head. I thought, how true? – so if had just one thousand dollars, credit card bills and no sources of income, what difference would my one thousand dollars make to the creditor and what difference it would make to my situation. It would be like continually treating symptoms but not the cause, a sticky band solution, just temporary!

After a while of discussion, I was enlightened by a saying “when given seeds, grow crop”. Thereafter, it became obvious. I would take my one thousand dollars, head down to a wholesaler, buy product and sell it for a 10 to 15% markup. Then use my $1,100 – $1,150 to buy more product and sell it with a markup. Eventually, I could pay the creditor who probably would have waited because I am unlikely to be thrown into prison for not paying my bills and develop a source of income. The point is, that the one thousand dollars was the “seeds” and before taking the temporary solution road, think about the big picture.

There are two points here: think big picture and don’t be afraid to make just a $100 extra from a thousand dollars. We often think, if the investment does not return big, then it is not worth it. This conversation was with my 10 year old son!


Try our most innovative strategic planning software to empower your business to grow & unlock its true potential. StratPlan is free to try!



What Would You Do With $1,000? 1


Looking To Start Your Own Consulting Business? Partner With Us and run your own consulting business the way you want to, working the hours you want to!



What Would You Do With $1,000? 2


  Download of essential eBook to Guiding Strategic Thinking In Your Business for free!



What Would You Do With $1,000? 3





Why do I need to fill out the information requested?

We will always keep your personal information safe. We ask for your information in exchange for a valuable resource to (a) improve your browsing experience by personalising the GBC site to your needs; (b) send information to you that we think may be of interest to you by email or other means; (c) send you marketing communications that we think may be of value to you. You can read more about our privacy policy here.

Is this really free?

Absolutely. Just sharing some experience that we hope you’ll find useful. Keep us in mind next time you have strategic planning questions.


  • Follow Us

  • Share via
    Copy link
    Powered by Social Snap