Denise Gosnell prescribes three ways of leveraging your personal capacity: time, people and technology.
Let us review how we can leverage to the hilt.
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From: Thriving Business <newsletter@thrivingbusiness.com>
Date: Wed, Jan 9, 2013 at 5:45 AM
Subject: [BTS] The Secret Weapon Of The Rich
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From: Thriving Business <newsletter@thrivingbusiness.com>
Date: Wed, Jan 9, 2013 at 5:45 AM
Subject: [BTS] The Secret Weapon Of The Rich
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Issue # 154 - January 8, 2013
,Have you ever noticed how some businesses seem to grow faster than others, even when starting from scratch? Did you know that there is actually a secret weapon that can allow any type of business to grow faster, if you just know and apply the right concepts? That secret weapon is "leverage". One of the hardest things to learn is how to use leverage in your business, especially when you're being pulled in a million different directions. In today's Main Essay, I reveal three different strategies you can use for maximum leverage in your own business, so you can super-charge your own results. In the Check It Out section, you learn more about how Anthony Trister runs his multi-million dollar business from a coffee shop. I met Anthony last year in Las Vegas and was amazed when I heard his story. We hope you enjoy this issue of the Thriving Business Newsletter. Cheers, Denise Gosnell Publisher ThrivingBusiness.com Inc.
The Secret Weapon Of The Rich
By Denise Gosnell If this sounds like you, then you are not alone. Many business owners feel overwhelmed at one point or another in their business. It's like a tug of war game where you are being pulled in so many directions that you never seem to get anything significant done. Wouldn't it be nice to have a secret weapon to help you win this war for your time? Well, the good news is that there is a secret weapon you can use, and it's easy to put into action. The "secret weapon" is called leverage. By using the power of leverage, you can skyrocket the growth of your business. Leverage is the idea of using other people or resources in a way that produces far more results than the amount of effort you have to expend. Leverage is the secret weapon that the wealthiest people use to continue growing any type of business they ever have. And leverage can be your secret weapon too. Whether you want to build a huge business, or you simply want a successful business that offers you freedom, you will still need to leverage people, time, and technology to your advantage. Strategy #1 – Leverage The Power of "People" It is difficult to know or do everything yourself, especially with the various tasks that must be done to operate your business. You should leverage the power of people whenever possible. The first way to leverage people is to use outside contractors. You should delegate everything you can to other people so you can focus on the most critical part of the business that only YOU can do. You should start with contractors first, because you can hire them on a project-by-project basis. The benefit to using contractors is that you can hire them without a long-term commitment, like an employee would require. This gives you the flexibility to change directions without having the stress of having to let employees go, and all of the hassles that go along with that. Especially while your business is new, contractors are a great way to get the work done. You may be thinking, I sure have no problem delegating to other people, but I just cannot afford to do so. If so, you are not alone, because that is a common reaction. The great news is that it does not have to be expensive to hire people or companies to assist you. For example, some projects you may need done will require one skill, while other projects may need another skill. Great sources for finding contractors include Fiverr.com and eLance. As we've talked about in other articles, Fiverr is a great site that allows you to get various types of projects completed for as little as $5 per project.
When you are ready for employees, you can find the right person through referrals from others you know, through employment web sites such as Monster.com, or from online and newspaper advertising.
Strategy #2 – Leverage The Power Of "Your Time" Another way to use the power of leverage in your business is to leverage the power of your time. You can use time to your advantage, but you can also use time to your disadvantage. For example, if you are constantly allowing yourself to be interrupted in your train of thought, then you may only get a fraction of the results that you could get if you were totally focused. What these distractions can lead to is either a feeling that you have no time for anything (even family and friends), or they can lead to the end result that things take way longer than they should to get done. If this happens to you, then think about using the 80/20 Rule. According to the 80/20 Rule, sometimes called Pareto's Law, "80% of the things you do lead to 20% of the results, and 20% of the things you do lead to 80% of the results." If you put the 80/20 Rule into work in your time management scheme, then you can focus your critical attention for the day on your top priorities (the 20% that lead to 80% results). You can then work on the other tasks (the 80% with 20% of the results) if and when you get a spare moment. Once you have leveraged the power of your time, the next strategy to leverage is the power of technology. Strategy #3 – Leverage The Power of "Technology" With the world of technology ever changing, it can be difficult at times to stay up on the latest and greatest gadgets. However, this can be a huge time saver. You should leverage technology to help keep your company running smoothly, as well as for accomplishing nearly any task you set your mind to. There are several ways you can use technology to accomplish nearly any task. For example, you probably already use search engines such as Google to help you find what you're looking for, and may have even used tools such as GoToMyPC and related apps to access your computer remotely while traveling. Some of the best technology innovations these days can be found in mobile apps. With millions of apps available in the Apple app store and Android store, there are countless apps that can help you run your business while on the go. One example of an app that I like is called Turbo Scan. This app makes it easy for me to scan papers and articles to PDF right from my iPhone. There is no need to load documents into a scanner with this app. You simply point, click, and capture the image. Tubro Scan makes it easy to send the scanned image as a PDF by email. And that's just one simple example of the types of apps that are available today for mobile devices. There are countless others, such as flashlight apps, banking apps, productivity apps, exercise and nutrition apps, and millions more. As a side note, if you want to learn how to create your own iPhone apps for free or a very nominal fee, click here for more details. But the key point is that there truly are some amazing ways to use technology in your business. It's a good idea to periodically re-visit your technology needs to see if some new piece of software, hardware, or mobile app can totally transform your business for a very nominal investment. When you combine the power of leverage through all three of these strategies, you can really super-charge your business growth. Give them a try, and see for yourself!
Your Thriving Business Assignment
If you truly want to eliminate the feeling of overwhelm and finally start making significant progress in your business, make sure to use the power of leverage to your full advantage. Here are some action steps on how to get started.
1. Analyze how you can leverage other people to your advantage to grow your business, and then start delegating. 2. Make sure you fully leverage time to your advantage in your business by focusing on the 20% tasks that will yield the most results. 3. Always look for ways to leverage technology to run your business smoothly and efficiently. Mobile apps can be the best place to start, since that is where significant innovations are being made these days.
Check It Out!
Let me ask... how would your life be different if you had a multi-million dollar business that you could run from ANYWHERE in the world?
Would that change your life in anyway? Well, Anthony Trister does just that. He runs his online empire, right from his local coffee shop. And last year, he did over $25 million dollars in sales! So take a few minutes right now to see how Anthony has been able to do all of this, and more, while living a lifestyle that most people can only dream of. Watch this video now. Today's Video Inspiration
Do you know people that just seem to be happier in general? Do you say to yourself, "I want to be more like them"? Often, the happiest people in the world don't have the best of everything...they just make the best of everything!
Click here to watch "Life is like Coffee" Look What Others Are Saying
Thank you for making your courses accessible to the average person.
Norma [NOTE: Norma is referencing our free Business Mastery Training webinar. If you want to learn about more ways to grow your business, then click here to register for the free webinar now] Share Your Thoughts
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