Archimedes once said, “Give me a lever long enough and I could move the world.”
The concept of Leverage is important when it comes to money, business and wealth. The principle of leverage is a powerful tool we can use to get ahead financially in life.
In technical view or in primary school science,leverage is to do with seesaws, fulcrums and pivots.A lever allows you to use less force to lift or move objects and this concept is applied in a lot of the everyday products we use such as scissors,doors etc
With respect to money, we can likewise use the principle of leverage to accelerate our financial ambitions. When studied properly and intelligently applied, leveraging will allow us to earn more with less work comparatively.
We should learn to invest in ourselves. Read books, attend seminars, join communities and expand knowledg in whatever way possiblee. The more we practice or read etc,the more we get skilled and talented
When it comes to financial leverage.it means using other people’s money (and work) and making it work for us. The value, utility and purpose of this type of leverage is probably the fountainhead of wealth.
When we simply rely on our own capability to save money alone, then it will take some time before we can invest and accumulate wealth. But by utilizing our resources and assets to acquire good debt (an investment debt that creates value), then we can expect exponential growth on our money.
Resource leveraging,it refer to it as the power of collaboration. In businesses,especially for beginner entrepreneurs,there is a huge possibility that they fall into the trap of self-employment. It’s common to see intelligent, eager and optimistic persons who started a business which eventually closed after less than a year just because the person got tired of running it on his own.
Place controls in your business and learn to employ other people to work for you. Investigate partnerships for your business and always consider using the aid of other individuals and experts to help you plan your actions and accomplish your tasks.
The best part is that applying the concept of leverage is very simple in Amway business compared with other businesses,mainly due to the reason that in other businesses one need to find persons who are trustworthy to be made as a partner since financial risks are involved,while in Amway,the opportunities are equal and all the ABOs have the same responsibilities.
Showing posts with label MONEY. Show all posts
Showing posts with label MONEY. Show all posts
Wednesday, 7 December 2011
Tuesday, 6 December 2011
Entrepreneurship
Entrepreneurship has become an obsession throughout the World nowadays.More & more people want to be in control of their own financial destiny.
There are only two Achievement Factors for MOST of the businesses: TIME and MONEY
Ways of Generating Income depends upon Ways of Thinking.
Robert Toru Kiyosaki,an American investor, businessman, self-help author and motivational speaker described a quadrant known as the cashflow quadrant.
To which quadrant do you belong to ?
1.Employees
Advantages:
•No tension regarding profit or loss etc of the company.
•Gets payment/income in time.
•Safe job if employed in a MNC. Provided there is no target or competition.
Disadvantages:
Always exists a minor tension whether the job will be available always.
Lacks leadership qualities.
Have to show up at a particular time every day to make money.
Starts over every day at Rs 0.00.
Trade hours for his income and someone else own the business.
2.Self-Employed
Advantages:
•Time is flexible but exists a tension
•Always a fluctuation, income depends upon the market of the products sold or reputation of the person.
Disadvantages:
Have to show up at a particular time (though flexible) to make money.
Start over every day at Rs.0.00.
You own the job & trade more hours for Rs.
3.Entrepreneurs(or Business Owners)
Advantages:
•Flexible timings
•A Entrepreneur is a leader
•Your money works for you, rather than you working for your money.
Disadvantages:
No disadvantage. (Any challenge is converted into an opportunity.)
4.Investors
Advantages
•Out of the above 3, the best quadrant.
Disadvantage:
An investor is usually a big entrepreneur, so No disadvantages. (Any challenge is converted into an opportunity.)
Need up-front capital.(a lot of money to invest)
So the Left Quadrant (Employees and the Self-Employed) are always having disadvantages more than their advantages compared with the Right Quadrant (Entrepreneurs and Investors)
The Bad news for the Left Quadrant people is that they are the 99% of the world population but they only get 1% of the income, while the right quadrant people are only 1% of the world population and they get the remaining 99% of the income. So this is the reason that the entrepreneurs are always wealthy and having a great lifestyle while the employees are never satisfied with what they get. This is one of the sad secrets.
The Good news for the Left Quadrant people is that they can get into the right quadrant by just applying a secret, a secret that is applied by the right quadrant people, which is called as “the principle of leveraging”.If you could participate in a similar business model using the principle of leveraging, then you can get into the right quadrant. All one has to do is “To-do the work to build a business system (today), in order to reap the benefits (tomorrow)!
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The Wellness Revolution
Believe it or Not! Wellness revolution is the next big revolution.
This revolution goes in accordance with the legendary proverb “prevention is better than cure!”
Few years ago Nobel Prize Nominee Paul Zane Pilzer, a world-renowned economist, a highly successful social entrepreneur, an adjunct professor, author of several top books and dozens of scholarly publications,told about an emerging $200 billion industry he called "wellness" and the next big revolution “wellness revolution” after the “computer revolution”.
Today, that industry has grown to $500 billion, and it's just getting started, offering even greater entrepreneurial opportunities.
The Wellness Revolution was the "shot heard round the world" for the wellness industry. It defined wellness as an industry—linking tens of thousands of disparate service and product suppliers with a single cause. It showed scientists, fitness providers, businesspeople, food manufacturers, doctors, and others focused on disease prevention and anti-aging that they were part of a worldwide revolution
Wellness Revolution includes more guidance and business advice for individual wellness entrepreneurs, health product distributors, physicians, and other wellness professionals. The Wellness Revolution features new action items in every chapter and covers major new trends, particularly the phenomenon of "sickness/illness industry" food companies such as McDonald's and Wal-Mart making huge investments in fresh and organic foods.
Wellness Revolution shows that even though millions of people have embraced wellness, the need for wellness has actually expanded due to declining health trends, particularly the rising cardio problems and obesity rate.
Medical costs now exceed profits for most large employers, and corporations are beginning to recognize that wellness and disease prevention are the only viable solutions to rising health-care costs that threaten their very existence.
Wellness Revolution and Products & services aimed at are:
There’s still time to get in on the ground floor to associate and make fortunes in the wellness industry. It is predicted that the wellness industry will be the first type of industry to go beyond trillion dollars. And it is going to happen in the near future and is going to produce trillionaires around the globe.
This revolution goes in accordance with the legendary proverb “prevention is better than cure!”
Few years ago Nobel Prize Nominee Paul Zane Pilzer, a world-renowned economist, a highly successful social entrepreneur, an adjunct professor, author of several top books and dozens of scholarly publications,told about an emerging $200 billion industry he called "wellness" and the next big revolution “wellness revolution” after the “computer revolution”.
Today, that industry has grown to $500 billion, and it's just getting started, offering even greater entrepreneurial opportunities.
The Wellness Revolution was the "shot heard round the world" for the wellness industry. It defined wellness as an industry—linking tens of thousands of disparate service and product suppliers with a single cause. It showed scientists, fitness providers, businesspeople, food manufacturers, doctors, and others focused on disease prevention and anti-aging that they were part of a worldwide revolution
Wellness Revolution includes more guidance and business advice for individual wellness entrepreneurs, health product distributors, physicians, and other wellness professionals. The Wellness Revolution features new action items in every chapter and covers major new trends, particularly the phenomenon of "sickness/illness industry" food companies such as McDonald's and Wal-Mart making huge investments in fresh and organic foods.
Wellness Revolution shows that even though millions of people have embraced wellness, the need for wellness has actually expanded due to declining health trends, particularly the rising cardio problems and obesity rate.
Medical costs now exceed profits for most large employers, and corporations are beginning to recognize that wellness and disease prevention are the only viable solutions to rising health-care costs that threaten their very existence.
Wellness Revolution and Products & services aimed at are:
Preventing diseases to happen
Providing the general well-being
Reversing the process of diseases
Anti-aging
Protecting environment
There’s still time to get in on the ground floor to associate and make fortunes in the wellness industry. It is predicted that the wellness industry will be the first type of industry to go beyond trillion dollars. And it is going to happen in the near future and is going to produce trillionaires around the globe.
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