Leverage - Powerful Tool To Make Your Business & Life Effective And Efficient.

Leverage is often misunderstood in our community. But, this is one top quality of a highly successful people. Understanding "Leveraging" would give you peace of mind and freedom in your daily affairs.

What is Leverage? Google explains like this, “the exertion of force by means of a lever or an object used in the manner of a lever.” Leverage is a term used in personal or professional life to help you to achieve your goal by the effort of people in your network. Billionaires like Oprah Winfrey and Enver Yucel are someone who is a master at everything. But, in truth, they’re specialists in leveraging. Keep in mind wealthy people leverage people’s time, work, experiences, money, and ideas all of the time.

There are seven forms of leverage and they are:

1.OPM (Other People's Money for business sharing)
2.OPT (Other People's Time)
3. OPW (Other People's Work)
4. OPE (Other People's Experiences)
5. OPI (Other People's Ideas)
6. Scalable Production & Distribution: Instead of producing items for limited customers, sell your products worldwide.
7. Scalable Customer Base: Instead of having clients in a local area, expand to the cover multiple cities. One way of doing is the Internet.

What are you leveraging? Are you asking for support from your friends, family, acquaintances, strangers, business partners, colleague etc?

Write five people’s name that you can seek support from in your social circle? Also write what kind of support you can get from them(eg. Time, ideas, experiences, work etc)? Start Leveraging now!!!

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-From a book, Successful Canadian Immigrants, Mental Karate
by Manny Daid.