Sunday, January 11, 2009

Badger's Business Plan: $100 into $10,000

Being the MBA of the group, I have been giving some thought to a quasi-business plan for fueling the growth of my $100 on January 1st ($97.56, actually, but who's counting?) into $10,000 by December 31st. Here is what I've sketched out for myself:

-January: grow my $100 into $200. A fairly modest task relative to the full goal, but I figure that my skill level should improve materially as the year progresses. A 100% improvement in funds over 1 month.

-Feb-Mar: grow the $200 into $500, the end of the first fiscal quarter (Mr. MBA speakith again!), a 150% return over 2 months.

-Apr-Jun: grow the $500 into $1,000 over the 2nd quarter. A 100% return over 3 months, which doesn't sound all that audacious; however, I will probably be traveling quite a bit over that period, and as the $ amounts increase, I will probably have to play at higher stakes, which will make it challenging to show a profit (on a %age basis).

-Jul-Sept: grow the $1,000 into $4,000 over the 3rd quarter. A 400% return--at higher and higher stakes--is indeed aggressive. But I figure that the July - Sept timeframe should find me with a fair amount of time to devote to the Poker Challenge. I should regularly be playing small tourneys at a local casino in British Columbia, and have an eye to competing in a very large tourney in August (especially if I can win a seat via satellite). I will be spending a lot of time on-line at SNGs honing my skills for the tourney, which I believe is in August.

-Oct-Dec: grow my $4,000 into $10,000 by the end of the final quarter, a 150% return. The fourth quarter is always hectic, and at that stage I will have to be playing higher stakes tables/SNGs to move the needle at all; the offset is that I will hopefully be a stronger player than I am today!

When I get into the $4,000 to $5,000 range, I see myself occasionally doing large, high-buy-in tourneys that, should I place, will materially move the needle. That is the plan, anyway...and as Mike Tyson said, we all have a plan 'til the first punch lands.

More on specific cash games and SNG levels and strategies soon. To mix things up, I haven't played any SNGs in about a week--I have been focusing on cash games, as I was quite unhappy with my performance on that front, and am happy to report that I am now at $157.25--it would seem (knock on wood) that my $200 goal for January is within reach! At least until the next bad beat...

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