{"id":186,"date":"2015-06-28T06:12:05","date_gmt":"2015-06-28T06:12:05","guid":{"rendered":"https:\/\/www.sweetspotsuccess.com\/?page_id=186"},"modified":"2015-08-21T05:26:23","modified_gmt":"2015-08-21T05:26:23","slug":"stage-5-automation","status":"publish","type":"page","link":"https:\/\/www.sweetspotsuccess.com\/?page_id=186","title":{"rendered":"Stage 5: Leverage"},"content":{"rendered":"

\"stage-5-leverage-As an entrepreneur, you will found yourself often struggle\u00a0to deal\u00a0with limited time, money and resources and this is why you must\u00a0learn about the power of leveraging.<\/span><\/p>\n

\u201cLeverage is the reason why some people become rich and others do not.\u201d – Robert Kiyosaki<\/span><\/span><\/p>\n

The power of leveraging not only allows you to get more things done but in\u00a0less time; which means it allows to create wealth and freedom in a shorter period of time.<\/span><\/p>\n

Here are a various ways of “The power of leveraging”:<\/span><\/strong>
\n 1.\u00a0<\/strong>Technologies and Systems<\/span>
\n 2.<\/strong> Other People\u2019s Knowledge (O.P.K.)<\/span>
\n 3.<\/strong> Other People\u2019s Time (O.P.T.)<\/span>
\n 4.<\/strong> Other People\u2019s Money (O.P.M.)<\/span><\/p>\n

The power of leveraging will\u00a0make your business more efficient and effective and because you are building on online business,\u00a0making an automated online business will become one of your business’s goal.<\/span><\/p>\n

This way, you will achieve the true passive income while you enjoy the\u00a0time freedom. Which means your business will not only get to make more money for you but also enjoying the money you made.<\/span><\/p>\n

Let me explain this in details:<\/span><\/p>\n

1.\u00a0Technologies and Systems<\/span>
\n<\/strong>When you start an online business, the\u00a0process and procedure of the\u00a0online activities will\u00a0become crucial to be in place. This mean that you have to look for the type of technologies or systems to help you run\u00a0an\u00a0automated business.\u00a0<\/span>
\nFor example: A payment system will become necessary when your site is selling\u00a0stuffs.\u00a0If possible, various payment system would be require as customers these days expect more payment methods.<\/span><\/p>\n

The other way to leverage on the technologies and systems is when you have realized that there is a better solution to make your life easier in achieving your goals.<\/span>
\nFor example: You are running a few social medial platform at the same time from Facebook, Twitter to Instagram throughout the day and a social media management tool such as Hootsuite become a better option.<\/span><\/p>\n

Ultimately, it is the\u00a0long term trade-off\u00a0when you decide to leverage on the technology or system for your business.<\/span>
\n
\n<\/strong>2. Other People\u2019s Knowledge (O.P.K.)<\/span>
\n<\/strong>The fastest route to success is to follow someone who has already done it and is successful. By leveraging on someone else knowledge, you can drastically cut down your learning curve and achieve your\u00a0goals\u00a0much sooner.<\/span><\/p>\n

There are 3 ways to do this:<\/span>
\n\u25cf Invest in books to gain the knowledge. But you need a lot of self discipline to learn as you read and it is wiser to apply it after you learnt it.<\/span>
\n\u25cf Getting coach by a mentor who already have the experience and knowledge.\u00a0Beside that, you are building a network with a successful expert and various\u00a0students who might have a same goal as you.<\/span>
\n\u25cf Attending networking session to learn from various business people because most of the time, they are a group of people who have the same similar goals and are quite successful.<\/span><\/p>\n

3. Other People\u2019s Time (O.P.T.)<\/span>
\n<\/strong>Your ego as an entrepreneur may be high that you may want to handle everything on yourself. But most of the time, you will realized that your energy dries up before you even reach your goal.<\/span><\/p>\n

You need to know that time is most precious and\u00a0if you lose it, you will never get it back and this applies if\u00a0you are starting your\u00a0online business. As an entrepreneur, you want to make sure that\u00a0you\u00a0spend your time focusing on doing those important task rather than those non-money making activities that is taking\u00a0away most of your time.<\/span><\/p>\n

Outsourcing:<\/strong>\u00a0Some tasks that are better off to outsource are those one time-off\u00a0task such as your business logo or website design. They can be cheaply outsource from Fiverr or Elance starting.<\/span>
\n Hiring: <\/strong>You may need to hire someone\u00a0permanently\u00a0when something need to be done physically like packing and delivery of goods.\u00a0If money is your concern in hiring someone else,\u00a0go to point no. 4 (O.P.M)<\/span><\/p>\n

4. Other People\u2019s Money (O.P.M.)<\/span>
\n<\/strong>Some business requires large capital to start with and there are a few ways you can gather the capital if requires:<\/span><\/p>\n

\u25cf Borrowing from a bank. This is the most risky with liability involved (Bank’s interest) and I don’t recommend it if you are a new entrepreneur.<\/span>
\n\u25cf Your parent’s money. Usually there’s no liability involved\u00a0since it is relationship bounded and they are just doing this in favour to help you.<\/span>
\n\u25cf Raising funds from investors or business partners so that a business idea can be executed. Usually less risk are involved as both parties understand the risk involved; It is either the investors receive a percentage of the profits when the business is making money or the lose of money when the business is not performing well.<\/span><\/p>\n

 <\/p>\n

\n

Start Here<\/a>
\nStage 1: Personal Development<\/a><\/span><\/strong>
\nStage 2: Business Development<\/a><\/span><\/strong>
\nStage 3: Business Empire<\/a><\/span><\/strong>
\nStage 4: Internet Marketing<\/a><\/span><\/strong>
\nStage 5: Leverage<\/a><\/strong><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As an entrepreneur, you will found yourself often struggle\u00a0to deal\u00a0with limited time, money and resources and this is why you must\u00a0learn about the power of leveraging. \u201cLeverage is the reason why some people become rich and others do not.\u201d – Robert Kiyosaki The power of leveraging not only allows you to get more things done but in\u00a0less time; which means it allows to create wealth and freedom in a shorter period of time. Here are a various ways of “The power of leveraging”: 1.\u00a0Technologies and Systems 2. Other People\u2019s Knowledge (O.P.K.) 3. Other People\u2019s Time (O.P.T.) 4. Other People\u2019s Money (O.P.M.) The power of leveraging will\u00a0make your business more efficient and effective and because you are building on online business,\u00a0making an automated online business will become one of your business’s goal. This way, you will achieve the true passive income while you enjoy the\u00a0time freedom. Which means your business will not only get to make more money for you but also enjoying the money you made. Let me explain this in details: 1.\u00a0Technologies and Systems When you start an online business, the\u00a0process and procedure of the\u00a0online activities will\u00a0become crucial to be in place. This mean that you have to look […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"_links":{"self":[{"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=\/wp\/v2\/pages\/186"}],"collection":[{"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186"}],"version-history":[{"count":18,"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=\/wp\/v2\/pages\/186\/revisions"}],"predecessor-version":[{"id":1147,"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=\/wp\/v2\/pages\/186\/revisions\/1147"}],"wp:attachment":[{"href":"https:\/\/www.sweetspotsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}