…and to make more money you just have to create more value. Simple as that. There are 3 factors that should determine the “amount” of created value. They are: effort, time and risk.

Everyone has heared the expression “time is money”, which is absolutely true. It is the only resource that can never be restored. So, the more time a value/money generating process needs, the higher its final value should be.

If you had physics in school, you may remember that any force has a power and direction. So if you want to achieve something like pushing your chair forward, you’ll push it in the right direction and with enough intensity in order to move it, right?

Same here, buddy. In order to achieve value, you have to work “in the right direction” doing the the right thing with the right tools and really do as much as has to be done.

Finally, EVERY value-generating process has risks simply because no one knows the future 100% for sure and can guarantee the final value of done work. And as some resouces have been used to do a job (time, money, etc) they could have been spent in vane if outcome value < resouces value.

By putting your “resources” (time, money) to value-incrementing work you should look whether the effort and its direction is right in order to minimize the risks and whether the possible outcome justifies to take that risks.

For math freaks:
ressources < return * success probability