I won’t discuss here the differences between rich and poor people that maybe you heard million times with other financial literacy talks and read on your social media sites. In here, I will talk about on where the rich people uses the word LEVERAGE.
Let’s get to the point:
1. TIME - We all have 24 hours in a day but why majority asked themselves why others seem to accomplished many things and why they don’t. Successful people know how to manage their time and priorities. They know the limited time they have in every single day, so they leverage on other people’s time. They knew how valuable their time is and that is the main reason they wisely delegate tasks to the people they hire. They carefully chooses, trains and trusts the people under their wings. They are not wired to micro-manage their business but they are equipped to expand their ventures.
Time is a very expensive commodity. No one can buy time to have it back or to have more.
2. TALENT - Ultra successful people admit to the themselves that they DO NOT KNOW EVERYTHING and that is the primary cause why they hire people who is wiser, skillful and more experienced than them.
They leverage other people's talent for the benefit of their companies. They trained themselves to listen to new ideas and suggestions. They are willing to spend huge amount of money just to get the best talents.
3. MONEY - You will not see successful people on the streets selling their ideas. Investors come to them and demands to take their money and be their partner. They are so well-known to be trusted about money of others and on that, they know how to expand or make their ideas work through other peoples’ money. Oh, and one more thing, if banks phones you offering you a loan, sending you a credit card without credit limit or sending you blank cheque... CELEBRATE! The bank is seeing something in your bank account that most of the people don’t have.
Build a reputation that everyone will trust and make business with you. TRUST and REPUTATION are the main ingredients for you to maximize the power of other people’s money. A small talk of negativity will risk all the foundation you constructed. Be very careful not to mire the trust of your investors.
4. SYSTEM - Whenever you set foot at McDonalds or Starbucks ordinary people will see the products but goal oriented people see the SYSTEM behind every successful businesses. And that is why, the franchise was born. We all know that McDonalds do not serve the best burger in the world but why people love them? It is the marketing, the development of their products and quality of staff’s services. It means, the system. Rich people invest on system, people, vision and not entirely on the PRODUCT.
Franchising is the most effective way to join the company’s achievements. Multi-level marketing too. Why compete with the giants? Join the giants! It saves your time, your energy and the success rate is high.
Or if you think you are better than them, innovate their system. 🙂
Hope these four enlightens you as you go through your life and make the most of these things that you need to LEVERAGE. Start step by step. And you will prove that it will fast track to reach your goal. 🙂