Home Add to Favorite Contact Submit  
             28 March, 2024
 

    
Category:  Articles » Business » Entrepreneurialism

 

The Power of Leverage

Popularity:
         Views: 1501
2006-12-02 22:28:27     
Article by John Lowery

I was at a networking event earlier today and the speaker showed on a board 168 - 56 = 112. She than asked the crowd what those numbers represented. To everyone’s surprise she said that it was the hours in a week minus 8 hours a day for sleep. This means that everyone that gets decent nights sleep only has 112 hours of being awake during the week. What does this mean? Well if you’re not already wealthy, or financially independent you will have to figure out a way to leverage your time, unless you want to be working all of the time, giving up all of the things that are important to you.

This means you have a 112 hours a week for: work, family, bills, TV, Internet, church, relationships, golf, etc. I sat down one day and figured out that if I made a $100 an hour that would be $4,000 a week working 40 hours. Annually that works out to about $208,000 or $17,300 per month. After taxes it works out to about $2400 per week, if you are able to keep 60% of it. Could you live on $10,000 per month? Keep in mind that I was figuring the most money I could ever make working for somebody else, or if I decided to become a Dr.

Let’s say I did a more untraditional business that looked something like this. Month 1 = $20, Month 2 = $40, Month 3 = $80, Month 4 = $160, Month 5 = $320, Month 6 = $640, Month 7 = $1280, Month 8 = $2560, Month 9 = $5120, Month 10 = $10240, Month 11 = $20480, Month 12 = $40,960. The above example is how network marketing works; it also is in line with what the famous J. Paul Getty preached “I would rather make a $1 off the efforts of a 100 people, than a $100 of a hundred percent of my efforts”. The above shows us how many are building a lifetime of income in 3 – 5 years instead of 40 like most of us.

The other thing that is great about leverage is you can build an incredible income that can last a lifetime, simply off teaching other how to duplicate your efforts. In other words if I have 10 networkers in my business and each worker is putting in 1 – 2 hours a day, or 5 – hours a week, I am duplicating my efforts, and I am in fact working 55 hours a week instead of the 5, I am really putting in. If I add another 20 networkers to my group, I am now working 105 hours per week, I’m almost maxed out, ha, ha. As you can see from the power of duplication, it’s possible to get to that 200K Dr’s Salary without too much effort, by simply duplicating your efforts. It’s also possible to leverage your time, so you’re spending more time doing the things you enjoy and less time doing the things you don’t. 20% of all millionaires in this country made their millions this way, why don’t you consider it also?

John Lowery is a home based entrepreneur who lives in Carlsbad, CA with his wife and child. In addition to John's 10 plus years of marketing experience, he also is a professional musician, and actor.

Specialized in: Power - Leverage
Print article      Bookmark this page
Related Articles 
The Most Common Reasons for Business Success and Failure (Popularity: ): This article will give you some ideas and insights about the most common reasons of business failure and how to avoid them. Napoleon Hill has once said that you want to be successful you should study successful people and do what they do or you could alternatively study unsuccessful people and avoid doing what they have done.1) Bad/good decisions makingThis is the most common reason why business fail as just ...
How to use Tools and Training to Expand your Chiropractic Practice (Popularity: ): Do you want to expand your chiropractic business, at DC Mentors they will provide you with the tools and training that will help you expand your business. We are dedicated in helping your practice gain new clientele while maintaining current ones.For your chiropractic business to expand takes a lot of skill. There are three major roles and set of skills to expand your business. They are being a Practitioner, operations ...
Why Startups Should Be Our Number One Priority for Job Creation (Popularity: ): On September 27 President Barack Obama signed a small business jobs act worth 17b meant to spur job creation. In the bill you’ll find everything from tax cuts, tax credits, funds allocated to the Small Business Administration for purposes of loan distribution, and of course bank loan guarantees. With the November mid-term elections around the corner there is no surprise that this administration is doing everything it can to ‘look’ ...
Internet Marketing Business - Entrepreneur's Responsibility (Popularity: ): Entrepreneur Mindset Secret ~ YOU Inc. Take Responsibility!Always see yourself as being Self-Employed!As an Entrepreneur you will always accept complete, 100% responsibility for everything you are and everything you will ever be.Entrepreneurs refuse to make excuses or to blame other people for their problems or shortcomings. They have successes that they take kudos for and they have failures that they learn from. To an Entrepreneur a failure is just a ...
The Easiest Small Business to Start (Popularity: ): I have always wanted to start my own business for as long as I can remember. I started off like most people in a career that I thought I'd enjoy doing for the long term. I was excited to be part of the corporate world. It was cool being able to work right downtown. However, after a few years, I realized that it wasn't the ideal job I had hoped ...


Related Business 
Communispace Corporation (Popularity: ): Provider of web-based software and services that help companies leverage the power of online communities. Features overviews, news and career opportunities.
Profit Or Savings Enterprise (Popularity: ): Out-source organization to support your needs via our combined freight purchasing power, group-buying leverage and technical "on-call" expertise.
Power resistors, power surveys & power resistors (Popularity: ): Cetronic Power Solutions provides engineering solutions to electrical power problems. Our product range includes uninterruptible power supplies (UPS Systems), AC/DC secure power systems, generators, transformers and harmonic solutions, in fact, anything to do with electrical power quality issues.
Power Factor Correction (Popularity: ): GT Power Engineering is an electric switch board contractor, providing power quality testing, power factor correction, power management & power efficient system services for a wide range of electrical and electronic equipment in Malaysia.
Portable Solar Battery Charger (Popularity: ): GOAL ZERO, innovator of easy-to-use portable solar power products. Charge or Power almost anything from sun: phones, laptops, lights, refrigerators. The solar panel captures the power from the sun and puts the power in the power packs. Getting power from the sun is only one way of putting the power in your power pack. Another way is to plug into the wall or hook it up to your USB or ...
Majorpower Corporation (Popularity: ): A specialized power equipment distributor of power inverters, uninterrupted power supplies, power conditioners, battery chargers, power supplies rectifiers, frequency converters and surge protection.
PowerContinuity Systems (Popularity: ): Emergency Power Systems are fully installed standby power protection systems to power protect any installation requiring continuous power in the event of a power outage. Total power protection comprises not only standby diesel generators that will start automatically within 5-10 seconds of any mains power loss but also uninterruptible power supplies that cover the short break of power whilst the generators start up. Our customers range from multinational and national ...
Vicor Corp. (Popularity: ): Power supply manufacturer offering DC-DC converters, AC-DC power supplies, power modules, and military power solutions.
Sound Telecom (Popularity: ): Sound Telecom provides customized, cost-effective solutions that achieve your specific call center or answering service needs. Leverage the power of our world-class call center services to build professional call center support solutions today.
Apollo Power Systems Pvt. Ltd. (Popularity: ): Apollo Power Systems is One-Stop Solution for all your power needs: Renewable Energy Accessories, Solar Rooftop Panels, Gas & Diesel Generators, Facility Management, etc. Apollo Power Systems is known for its reliability, dependability and to enhance value for its customers. For over a decade now, Apollo Power Systems has been associated with KOHLER Power Systems- one of the renowned Global Leaders in the Power Generator Industry, as one of the ...