I’ve mentioned leverage numerous times throughout this report. Obviously, leverage is a crucial part of the total system, but why, and how?
Leverage is all about resources; namely the resources you have available to grow your business faster, and more effectively. The two resources I’ve mentioned again and again are time and money.
Let’s look at leveraging your time first...
One of the reasons people start Internet-based businesses is because they want to control their own schedule. The ultimate goal is to create a sizable income without having to work the same (or more) number of hours as you’d work in a regular job.
In essence, part of the allure of an Internet business is having more free time to spend on family, friends, hobbies, vacations, etc. However, in order to do this, you must make the most of the time spent on your business.
This means finding powerful shortcuts that return more in the way of results than they take from you in the time spent on executing them. As you’ve seen so far, one of these shortcuts is in automating your business.
Automation saves you time because it cuts down on many of the repetitive tasks involved in running the business (lead generation, follow-up, etc.)
Logic dictates that the more things you can find to automate, the more time you’ll free up. We’ll talk a bit more about this in Step Six.
Let’s move on for now to leveraging money...
What we’re really talking about here is leveraging a portion of your profits by re-investing them into the growth of your business.
Although it’s tempting to go on a personal spending-spree when you first start making real money, you should keep this impulse in check. Set aside something for yourself, and set aside something for your business.
What you want to do is increase the amount of money you re-invest each time your profits increase.
Privacy Policy
Posts
No comments:
Post a Comment