Posts Tagged ‘leverage’

You’ve heard me talk a bit about outsourcing in previous posts.

If you’re doing it alone, eventually you’ll be doing stuff that’s just treading water, and treading water is not a percentage of the growth of the business. It’s hours. There’s only a certain amount of hours in a day, and if you’re doing things that directly generate revenue, you’re not only losing time but money aswell.

It will get to the point where it becomes three hours a day, four hours a day, five hours a day, six hours a day and eight hours a day where all you’re doing is treading water and remember, if you’re not swimming forward, eventually, it will kill your business.

Concentrate on your strengths. Know what your strengths are and that’s what you want to focus on in your business, and try to delegate everything else.

Know the value of your time. This is very important!! Here’s a quick little exercise that we can do.

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This is Part 3 in the series.

Read Part 2 here and Part 1 here.

If you find someone who’s good, using these contracting sites I’ve outlined in previous posts in this series, actually pay them more than they expect when the job is done. That creates an instant loyalty. We talked before about how these countries have currencies and economies that, because our economies in certain Western countries are better, if you give some people a bonus of $10 USD or $20 USD for a job, that’s massive.

It makes a big difference, and can be a whole days’ worth of work.

For you it’s nothing, really, it’s not much at all, another $10, but for these people it can feed their families for a couple of days, and that’s a lot.

This is just a way to create the loyalty and build a sense of team around what you’re doing.

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