Welcome to another episode of Bitz, Bytz and Biz Buzz. Today I’m going to talk about LEVERAGE.
So what is leverage?
Well, you know how in the typical 9 to 5 job your employer normally requires you to put in a 35-40 hour working week. If you are a salaried employee, you can put in all the extra hours you want, but you won’t get paid more for it. You can put in for overtime, but because there are only 24 hours in a day any extra earnings are capped.
Now let’s say you are an entrepreneur and start your own home business. But because you are a savvy entrepreneur and have read Robert Kiyosaki’s book, the “CashFlow Quadrant“, you know which side of the quadrant you want to be on. So, you join a network marketing company with aspirations to build an international business.
However, you realise that your 9 to 5 job keeps you busy. Then there’s the daily commute, family commitments, and all the other things that eat up your time. So you can only put in 10 hours part-time to start.
Now let’s say after the first month your business expanded and you now have 6 people on your team (those who joined you personally or that someone on your team sponsored) and of course there’s you.
Taking this one step further to show leverage at work…
Let’s say your 5 team members put in 10 hours work as well. That would total 60 hours going into the growth of your home business. And if after 6 months say you expanded to 64 people on your team, but only 50% of them put in 10 hours per week. That’s still a total of 32 people actively putting in 10 hours plus your 10 hours. A total of 330 hours are going towards the growth of your home business.
Can you see how leverage can dynamically grow your business and wealth?
That’s exactly how I use leverage to grow the health and nutrition company I am aligned with.
So that’s it for this episode of Bitz, Bytz and Biz Buzz.'I'd rather have 1% of the effort of 100 men than 100% of my own effort.' - J. Paul GettyClick To Tweet
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