You can’t be in more than one place at a time. Physically speaking, it’s impossible, yes? Now let’s think outside the box a little bit and prove that we can and must find ways to multiply ourselves in order to have real financial impact on our lives.
I’m talking about the use of leveraging. A lot of you are familiar with it, yet I often find that many people out there don’t fully appreciate its importance. It’s one of those terms that get bandied about in the business world so often that people take it for granted, one of those “Here we go again” terms. Yet, a huge part of financial success building is leveraging.
It simply means doing more with less. The idea is to work smarter not harder, getting more done and delivering more value with less of your time and energy. You know you’re leveraging to maximum advantage when you’re away from the things you don’t enjoy and are doing what you really love to do. That means you’ve changed your blueprint about what’s available for you in your life, where you can be and how you play the game.
How does this apply to the average person? It means knowing that you can start a business with little or none of your own money. It means delegating as many tasks as possible to others. It means using other people’s talents, skills, contacts, abilities and resources for mutual advantage. You’re good at whatever you do, but other people are better than you in other areas.
Do what you’re good at and let others do what you’re not good at.
After you’ve gotten over the blueprint barrier, the next step is coming up with what will maximize your ability to leverage a talent, product, or idea. Can you create a book, program or a technology, and license it for royalties? That’s one of the easiest ways to generate easy, lucrative, passive income.
When it comes to leveraging, though, you’re not just maximizing other people’s skills and resources. You also want to get more out of yourself. That means enhancing your business knowledge and developing yourself personally. Be a constant learner. The best form of leveraging is self-education. When you know certain things and develop yourself, you put that into action. If you’re not doing something with it, your knowledge becomes useless, it stagnates, and you start to feel bad about yourself. Who needs any more of that?
If you really want to take it to the next level, leverage yourself by increasing your health, stamina and energy in addition to anything business related. Be in shape. “I don’t have time” can be too easy of an out from taking care of you. However, a person can think that they don’t have time to work out—implying that they don’t want to ‘waste’ time—but think about how much more they can get out of their time instead of feeling fatigued and drained, tempted to “vegge out” (i.e. waste time) when they really could have more energy to keep going.
In general, leveraging means managing your time effectively so you do the right things instead of just doing things right. Less turns into more; more you, more money, and more of what you really want out of life.
Exercise:
Think of just ONE THING right this minute that you could leverage. What’s that one thing that you know you should not be doing because it is not a good fit for your skills and time? Give it to someone else that is better suited to take it on. Act now to get your “leverage momentum” moving forward!
