I’ve always admired people who understand the power of leverage – that is, being able to utilise the skills and money of other people (OPM/OPT) to excel an opportunity.
While reading ‘How come that idiot’s rich and I’m not?’ I came across a paragraph that I wanted to share which I think explains leverage very simply. It said:
Think of life as a grocery store. You want a salad. Does that mean you have to grow the lettuce, tomatoes, and onions yourself? Press the olive oil? Bottle the vinegar? Carve the salad bowl? No, of course not. You go to the store and buy what you need. The same principle applies when you buy other peoples time for a wealth-growing enterprise. Think of the dozens of tasks you can use other people’s time to accomplish while you use your precious time to GROW your enterprise.
You cannot (and should not) do everything on your own. Business is a team sport, and the right leverage in any business can rapidly scale the growth of a business.