09
Dec

Leveraging

According to the Department of Defense it means the effective use of information,
and technology to increase the means and synergy in accomplishing information operations strategy.

In business leveraging is regarded as a secret to financial and time freedom. How? Let me give you an example. In a company, the level of command goes from the manager going to the supervisor and down to the low level employees. If a boss would want to finish a job in an hour he can utilize his manpower to put all the effort together on his behalf. That means he multiplies his time by hiring people to work for him with a minimum wage and in return the probability of earnings is greater than the expenses incurred.

A clearer comparison of this term could be achieved by understanding the Cash Flow Quadrant illustrated by Robert Kiyosaki. It shows how people earn their income in each quadrant.

06
Dec

Belief: A Foundation to Success

By far many people have this guiding principle of “To See is to Believe”. I too am nearsighted at times.

In relation to business, I shun away with high risk investments because I can only imagine myself earning this much. When a family or a friend offers a new business opportunity my initial reaction is to ask for a proof. Which is but human nature although let this not be the case always. The thing is, I must not rely on proofs alone but by believing that I can do what they are capable of doing.