What’s your biggest leverage point?
Leverage is a word that is thrown around a lot in terms of finances.
For example, you can leverage money from the bank to buy a house, buy a car, start a business, etc.
And if used properly, leverage is what builds the world.
It allows people with ideas to create products.
But there’s a part of leverage that many entrepreneurs are not very good at, and that is leveraging with other people.
Some of the most important and valuable capital that we can use is other people’s time, talents, and experience.
As entrepreneurs, we are usually taught that we need to do it all by ourselves, and do what it takes to get where we want to go.
We learn to pull ourselves up by the bootstraps.
But if we go solely on the basis that it’s all about “me” in order to get things done, this will put limits and boundaries on everything we want to do in life.
What most of us truly lack is time, and real freedom.
Certainly we have to sacrifice in order to get where we want to go – we put in the work, and give up more than ideal amounts of time to get our dream going because we don’t have capital.
But the faster you can move away from the ‘sacrifice’ model, the faster you will grow.
This information isn’t really taught in any business training or graduate school, but it is the reality.
It’s assumed that we get that – the value of having a partner or assistant – but a vast majority don’t.
We need a team if we truly want to advance in our freedom.
A key leverage point in my life is having an executive assistant – this could be a personal assistant or even a virtual assistant.
In order to get everything done in life, you need an assistant. I know I needed one
It’s hard to let go as an entrepreneur.
It’s hard to delegate.
But if you want to get more bang for your buck, or your time, then you have to have someone else who can help you and help drive your projects.
I have great vision and I’m a great starter, but I am not a good finisher.
But when I have the right people by my side, they are able to drive my projects to completion.
I couldn’t do all of it alone!
So what are you doing to leverage other people’s abilities and resources in your business?
Give something up… learn to delegate.
If you hire the right people and you empower them, you will get you a lot more return on your investment.
Move the needle, take some risks, and learn how to be a good leader.
If it doesn’t work out the first time, don’t give up. It may be painful in the beginning, but you will be much better off in the long run.
To your freedom!
David
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Grab the first 3 chapters of my latest book:
“From High Income To High Net Worth – For Dentists.” The Ultimate guide for anyone who desires to build sustainable lifetime passive cash flow and net worth through real estate investment without ever meeting a tenant or fixing a toilet. Visit www.freedomfounders.com/free-book-chapters and start reading.
2. Become an Insider:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, Freedom Insider is your entrance ramp onto the fast track! Visit www.freedomfounders.com/insider and click the big orange “Become An Insider” button!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Move to the Front of the Line? Fast Access Insider Group:
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call 888-548-5855 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access Insider Group – we’ll set up a time to talk, find out about your goals, and see if there is a fit.
