Leverage – In Business?
Knuckle Buster
Leverage is a lesson my father taught me when I was very young. The context was loosening & tightening lug nuts on the wheels of his beat up Chevy pickup.
You see, my dad is an old school small business man that never understood how to apply Leverage In Business.
All the same, Leverage in business works much the same way it does in the practical sense. Utilization of a tool, tactic or talent which makes either a process or an outcome less burdensome for the participants.
I have read [somewhere] that in business either you HAVE Leverage or you ARE Leverage.
Ultimate Leverage - In Motion
This is so true. Whether at a Job, an independent contractor, a small business person or a CEO, Leverage plays an important role. Let’s look at a practical examples:
-Job- In most jobs Leverage is not possible for the employee. The employer has all the Leverage, YOU and all your fellow colleagues.
-Independent contractor- As an Independent Professional, you can either have Leverage or be leverage. Most are Leverage for the owner of the company that holds their license. Some, build teams of people to work ‘with’ them. In this case, they create a small amount of Leverage for themselves.
-Small business owner- Here is where it gets interesting. In the beginning you are your business which means you are the CEO, the Secretary, the Marketing guy & the Janitor. If you make it through that phase, in many cases your business is strong enough to create Leverage (hire staff to do the work) while you build the business bigger & stronger.
-CEO- So you’ve made it [you think]! You are running a company that in many cases a ‘board of directors’ hired you to. Here you definately HAVE Leverage. Your the big cheese. You earn income based on the efforts of everyone. This is great, except that at the same time you ARE Leverage for the board of directors and in many cases the shareholders. This trade off works for some and others wouldn’t think of it.
Leverage - The Stuffy Way
To wrap things up; Leverage In Business imitates Leverage in practical application.
Specialized use of a ‘force’ applied properly can really have a dramatic impact on a situation or circumstance.
***Systemized Leverage*** For 'Everyday' People
So what’s best for you? It really depends…..
…….on what? On what type of person you are now and what type of person your willing to become.
My story reveals why I feel strongly about this topic and why many people consider me an authority on the subject. You can find ‘my story’ at the link below.
My experience with Leverage In Business has brought me right to where I am right now, and it has for you too.
Please, if anything here resonates with you, leave your comments below.
chris…fantastic explanation! The example about removing lugnuts on a truck made your explanation so easy to understand and created a visual that most have seen or experienced.