You might be the absolute best at what you do. Great! But you are only one person. So what's next? If you could clone yourself you would probably do it right? So let's talk about leverage. Defined by freedictionary.com, leverage is:
1) Positional advantage; power to act effectively
2) The use of credit or borrowed funds to improve one's speculative capacity and
increase the rate of return from an investment, as in buying securities on margin
3) To improve or enhance
You probably already know where I am going with this. No matter how good YOU are, if YOU want your business to grow and if YOU want your profit's to grow, either you've got to clone YOU or start leveraging what you do. Despite how hard you work and how many hours per day that you put in, you are extremely limited in what you can achieve as an individual - one person - singular! The good news is that you can accelerate your path to financial success and freedom by taking advantage of something called leverage and leveraging what you do. Leverage can basically multiply your efforts.
For instance, just think, if you have 2 other people in your business that can do what you do just as good as you (duplication) how much more money could you be bringing in by having these talented individuals underneath you? Additionally, by teaching others to do what you've been doing, this will free up time for you to do other things - create other opportunities - focus on other products, services and opportunities. When you multiply your efforts (leverage) you position your business to take on a life of its own! Start leveraging or positioning your business for it today!
Great Point V.Gold.
ReplyDeleteGreat Tips and Great keen insight.