<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>salary cap Archives - Proven Media Solutions</title>
	<atom:link href="https://provenmediasolutions.net/tag/salary-cap/feed/" rel="self" type="application/rss+xml" />
	<link>https://provenmediasolutions.net/tag/salary-cap/</link>
	<description></description>
	<lastBuildDate>Sat, 29 Feb 2020 03:21:12 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0</generator>
	<item>
		<title>Your brand is more valuable than your salary</title>
		<link>https://provenmediasolutions.net/your-brand-is-more-valuable-than-your-salary/</link>
					<comments>https://provenmediasolutions.net/your-brand-is-more-valuable-than-your-salary/#respond</comments>
		
		<dc:creator><![CDATA[Dustin Siggins]]></dc:creator>
		<pubDate>Sat, 29 Feb 2020 03:21:12 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[brand]]></category>
		<category><![CDATA[follower-leaders]]></category>
		<category><![CDATA[Jack Dorsey]]></category>
		<category><![CDATA[Michael Jordan]]></category>
		<category><![CDATA[Patrick MaHomes]]></category>
		<category><![CDATA[Russell Wilson]]></category>
		<category><![CDATA[salary]]></category>
		<category><![CDATA[salary cap]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[start-up]]></category>
		<category><![CDATA[stock options]]></category>
		<category><![CDATA[Tom Brady]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Warren Buffett]]></category>
		<guid isPermaLink="false">http://provenmediasolutions.net/?p=16075</guid>

					<description><![CDATA[Tom Brady may be football&#8217;s greatest all-time player. He has six Super Bowl wins, nine Bowl appearances, and over a dozen other significant records. But you wouldn&#8217;t know it from… <span class="read-more"><a href="https://provenmediasolutions.net/your-brand-is-more-valuable-than-your-salary/">Read More &#187;</a></span>]]></description>
										<content:encoded><![CDATA[
				
<p class="wp-block-paragraph">Tom Brady may be football&#8217;s greatest all-time player. He has six Super Bowl wins, nine Bowl appearances, and <a rel="noreferrer noopener" href="https://www.sbnation.com/2017/10/15/16464558/tom-brady-nfl-record-list-most-touchdowns-yards" target="_blank">over a dozen other significant records</a>.<br> <br> But you wouldn&#8217;t know it from his salary. Brady was the NFL&#8217;s 18th-highest paid quarterback in 2019, earning <a rel="noreferrer noopener" href="https://www.sbnation.com/2017/10/15/16464558/tom-brady-nfl-record-list-most-touchdowns-yards" target="_blank">less than half of the Seattle Seahawks&#8217; Russell Wilson</a>. <a rel="noreferrer noopener" href="https://www.nbcsports.com/boston/patriots/tom-brady-bostons-fifth-highest-paid-athlete-2019-forbes-list" target="_blank">His total earnings barely cracked the Top Five of Boston-based athletes</a>. Brady <a rel="noreferrer noopener" href="https://www.cnbc.com/2019/05/03/tom-brady-says-its-ok-hes-not-the-nfls-highest-paid-quarterback.html" target="_blank">says</a> that&#8217;s fine because by giving the Patriots room in the salary cap, he has &#8220;a competitive advantage&#8221; to put &#8220;a lot of good players around me.&#8221;&nbsp;<br> <br> Like Michael Jordan, who <a rel="noreferrer noopener" href="https://www.forbes.com/sites/kurtbadenhausen/2019/08/28/how-michael-jordan-will-make-145-million-in-2019/#f61d4e01064d" target="_blank">earns $145 million per year</a> and is worth $1.9 billion two decades after retirement, Brady knows that his team&#8217;s success is more valuable to his long-term brand earnings than any salary. There are two major reasons for this.</p>



<p class="wp-block-paragraph">The
first is that Super Bowls are unattainable if all you have is a great
quarterback. Brady didn’t win Super Bowl LIV. That was Patrick Mahomes, whose team
<a href="http://www.nfl.com/stats/team">was in the Top Five last year</a> for
total offense, passing, and defense against the rush. Brady, meanwhile,
struggled all year with poor receivers, a weak offensive line, and slightly
reduced skills.</p>



<p class="wp-block-paragraph">The successful CEO likewise will find, attract, and develop the right team to win regular season, then playoff, and finally Super Bowl-level contracts. There may be some hiccups, challenges, and failures along the way, but the company will thrive under leadership <a href="https://provenmediasolutions.net/index.php/2019/09/09/from-hiring-to-firing-great-leaders-keep-the-brand-in-mind/">that knows how to create follower-leaders.</a></p>



<p class="wp-block-paragraph">The
second reason comes from the first: winning creates immense brand value. By
reinvesting salary cap space to the rest of the roster, Brady and the Patriots
kept winning Super Bowls. Brady stayed healthy enough to break all sorts of records.
</p>



<p class="wp-block-paragraph">The
business version of this <a href="https://www.cnbc.com/2019/05/16/wsj-report-highest-and-lowest-paid-sp-500-ceos-in-2018.html">is
done by the world’s top CEOs</a>. Warren Buffett earns $100,000 per year, and
Twitter&#8217;s Jack Dorsey earns just one dollar per year. But they both invest
heavily in their companies&#8217; successes through tomorrow&#8217;s stock options and
other earnings opportunities. Their delayed gratification strategy has turned
their company’s brands into their personal brands – just like Brady is much more
than just the Patriots’ quarterback, and Jordan is more than just an aged
former basketball player.</p>



<p class="wp-block-paragraph">Small
business owners can begin this delayed gratification strategy on Day One of their
company’s life cycle. This has a number of benefits to the company’s long-term
success:</p>



<ul class="wp-block-list"><li>The
company will have little or no debt.</li><li>Cash
reserves will be high for planned and unplanned purchases</li><li>“Salary
cap” space can be used to build the right team. </li><li>The
company is protected from slow seasons and recessions.</li></ul>



<ul class="wp-block-list"><li>&nbsp;There is room for mistakes like <a href="https://www.insidenova.com/news/business/hiring-the-wrong-person-could-cost-your-company-k-here/article_71442b82-2117-11ea-bbee-f7b5ced30604.html" target="_blank" rel="noreferrer noopener">hiring the wrong person</a>.&nbsp;</li><li>&nbsp;The CEO has an emotional cushion to focus on
     long-term strategy instead of worrying about next month&#8217;s payroll.</li></ul>



<p class="wp-block-paragraph">For the disciplined and successful business owner, this patient
discipline will pay off over time. A modest salary now could turn into a much
larger salary several years into the company’s life cycle. Or, for the classic small
business like an inn or restaurant, the owner’s financial windfall may happen
when he or she sells and retires. </p>



<p class="wp-block-paragraph">This message may be most important for entrepreneurs under
the age of 35, who have grown up watching people like Facebook’s Mark
Zuckerberg become wealthy before the age of 30. However, one<a href="https://www.businessinsider.com/it-takes-the-typical-self-made-millionaire-at-least-32-years-to-get-rich-2015-3">
study</a> found that the average self-made millionaire doesn’t reach that lofty
perch until they have worked for 32 years. <em><a href="https://www.amazon.com/Stop-Acting-Rich-Living-Millionaire/dp/&#49;&#49;&#49;&#56;&#48;&#49;&#49;&#53;&#55;&#48;">Stop
Acting Rich…And Start Living Like A Real Millionaire</a> </em>author Timothy
Stanley wrote that his mid-aughts research showed the average self-made
millionaire reaches that status in their mid-forties. </p>



<p class="wp-block-paragraph"><a href="https://www.businessinsider.com/how-michael-jordan-spends-his-money-2015-3#as-of-2015-he-was-reportedly-making-100-million-a-year-from-nike-royalties-alone-2">Jordan
made about $90 million as a player</a> – he’s worth over 20 times that now.
Brady is on that same path to success. The small business owner can emulate
them by using modest salaries to set the stage for much larger payoffs later. </p>
		]]></content:encoded>
					
					<wfw:commentRss>https://provenmediasolutions.net/your-brand-is-more-valuable-than-your-salary/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>
