How to Use Leverage to Build Your Business Effectively

Leverage is simply doing more with less. When we mentioned leverage in this context, money is what people think of most often. 

Loans, mortgages, other people’s money – all are forms of leverage based on money. While this type of leverage is important, it is equally important to use other forms of leverage in your business strategy. 

Your Wealth Team

Systems definitely take time to create. You don’t have to do it all yourself though. This is where your wealth team comes in to play. A wealth team is a group of advisors, mentors, employees, vendors and other contacts who assist you in building your business. 

With a wealth team, you can leverage your time by hiring advisors, mentors, employees and/or vendors. This is just the beginning. Once you’ve created your systems, share them with your team members so they can be part of the systems and contribute to the success of your wealth strategy. I think systems are one of the most important and powerful features of building a business. 

Systems

Systems are the process or procedures to complete specific tasks. Systems provide the detail of the who, what, when, where and how something will be done. The systems provide all the details about how to market, sell, fulfill and everything else involved in operating that franchise. A franchisee simply has to follow the systems. 

Let’s say you invest in rental real estate. You should have systems for:

  • Identifying the property to buy
  • Purchasing / financing the property
  • Renting the property
  • Maintaining the property
  • Reviewing the performance of the property

Systems don’t have to be complicated. They just need to document what needs to be done in a clear manner. This allows you to focus your attention where it is most needed – this is a huge form of leverage in building wealth.

Software

 Software allows you to do more with less every day. 
Software can be an integral part of effective systems. When used properly, software can streamline many tasks while providing better information and results. 
Software can be the driving force behind the systems. It can notify the who about the what, when,where and how. And, it can provide real time reports about how the systems are working.

Leverage your team’s knowledge – ask them what software you should be using. And, if you truly want to leverage your software with your systems, have a team member who is committed to integrating the two. 

Here are a few examples of some softwares that can help you do more with less in your daily tasks:

Education

Education is a necessity when building your wealth. Read books,listen to some podcasts,attend webinars and mastermind sessions to increase knowledge and skill set.

How are you using leverage to build your wealth?

Think about how you currently use these forms of leverage and identify ways that you can leverage them even more.

Source: wealthability.com

READ LATER - DOWNLOAD THIS POST AS PDF >> CLICK HERE <<

Leave a Reply

Your email address will not be published. Required fields are marked *


RSS C J Investiment

  • Greatest Depreciation Impact on buying brand new property versus second hand property. September 17, 2019
    The recent depreciation changes have the greatest impact on the types of property you may choose to invest in. Some people prefer to invest in brand-new properties, while others opt for older property that they can renovate and resell for profit. Washington Brown, who are the property depression experts and accredited surveyors in Australia and internationally do […]
  • How to Use Leverage to Build Your Business Effectively September 7, 2019
    Leverage is simply doing more with less. When we mentioned leverage in this context, money is what people think of most often.  Loans, mortgages, other people’s money – all are forms of leverage based on money. While this type of leverage is important, it is equally important to use other forms of leverage in your business strategy.  Your Wealth Team Systems […]
  • Some incredible deals available for people who can refinance September 4, 2019
    The market is changing fast. Banks are again showing an appetite for interest-only loans again. And many lenders have reduced their assessment rates by up to 2.0%, which represents an increase of approximately 12-15% in your borrowing capacity. There are some incredible deals available for people who can refinance.  Secure a complimentary loan review with our JV partner, EK […]
  • World Recession and its impact on housing prices September 3, 2019
    According to economist discussions in many fora, recession is on the horizon. Well,let’s take an in-depth look at what’s occurred recently and in the past, so we can put your mind at ease about the word recession and its impact on housing prices. The official cash rate sits at 1 per cent. The Australian dollar fell to 0.67% […]
  • How I started Real Estate Business September 2, 2019
    Many people ask me why I started real estate entrepreneurship instead of sticking to my Nursing Profession. I tell them that as much as I enjoy my Nursing Career, the one disadvantage of it is that I trade my time with a dollar. That is if you don’t wake up to go and work, then […]
  • How to Sign a Rental Lease Agreement With Your Tenants September 2, 2019
    In order to sign a rental lease with your tenants, you will need to have – of course – a rental lease. You can get a state-specific lease agreement from a number of sources, such as Government Agencies or your attorney. Each Region has different rules and laws that govern the landlord-tenant policies in that state, so chances are a […]
  • How to Rent Your House to the Best Tenants September 2, 2019
    The most important decision you make that will determining the success or failure of your rental is the person you put in. A bad tenant can potentially cause years of stress, headache, and financial loss – while a great tenant can provide years of security, peace, and tranquility. Don’t underestimate the important of renting to only the best tenants.You are reading […]
  • Money Management Strategies for People In Diaspora August 31, 2019
    Here are some ways workers living overseas can manage and protect their money for better long-term financial health. Open a local bank account A local bank account can help you save money on extensive ATM fees. It’s also a good thing to have for making deposits each time you get paid. When you use a foreign card […]
  • The Single Most Important Step You Will Take If You Want To Have A Successful Website August 31, 2019
    Everyone is looking for a short-cut to online riches and yet over 99% of those people NEVER use the informational products and money-making tools that they’ve purchased. We get too busy, or too lazy, or we simply procrastinate so long that we forget what we were intending to do in the first place. While there are a lot of […]
  • Double Your Productivity August 26, 2019
    If you read one article before starting your week, read this one. Set aside a few minutes and focus. I am going to share some habits that I’ve implemented myself that have resulted in massively increased productivity for me! I learned this strategy from my business partner,the creator of Rehab Valuator,Daniil Klyman. This article will […]

Google Translator

Recent Posts

Our Agents

Charles Vincent Kaluwasha

President and Founder

President & COO, C J Investiment LLC. Charles Kaluwasha has been a part-time entrepreneur and investor since 2008. He currently…