Wednesday, January 5, 2011

Wealth Creation

It actually takes time to develop the skill of using leverage. It requires a departure from conventional thinking about how to get things done. Other People's Resources are often available when conventional routes of Other People's Money are not. You could say OPR is an indirect form of Other Peoples' Money. Instead of using your money to grow your business, with OPR, you build your business by using resources paid for by other people.
With OPR, you can build a business by using/leveraging resources directly paid for by other people. You are essentially indirectly using OPM that went to develop or acquire that resource. A great example of OPR at work is when your outsource functions of your business to another company to provide. I like to look at OPR as an asset that you don't own, but one you can still control. Operated correctly, and under certain circumstances, it can be a better use of money to control an asset than own it.
Thankfully, with the advent of the Internet, the world is literally at your fingertips. In no other time in the history of the earth has there been such opportunity to use OPR. You can take advantage of online technology, products and tools that companies have invested huge amounts of money to develop; and you benefit from their use for a tiny price in relation to how much it costs that company to develop and continually service.
Getting Out of Your Own Way
One limiting factor we're all faced with in life is that of time. Even if you have excellent time management skills yourself and are highly productive in your output, you are only you. You are a bottleneck in your own production line so getting out of your own way will fast-track development and achievement of your goals. The good news is you can buy time from other people and oftentimes you don't have to use your own cash, or any cash for that matter. This gives you more "bandwidth" to focus on what you are really good at.
The way I see it is - being busy is a form of laziness, if you're busy doing things that other people are better at doing than that's a form of laziness. You haven't taken the time to leverage of other people's skills, talents and time. One the greatest skills you can learn is not just that of managing how you spend your time but leveraging your time by accessing and managing how other people spend their time. If you're "to-do" list is longer than that of the people you manage than you haven't developed this skill yet.
Some Ways of Accessing Other Peoples Resources
Read more at http://www.articlealley.com/article_1899331_63.html?ktrack=kcplink

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