Conclusion of "Strength in Numbers"

This phenomenon is very applicable to other situations apart from my business model.
Ever so often we find ourselves backed up against a wall of deadlines and piles upon piles of last week’s unfinished tasks. Perhaps if it had all been properly delegated out to your team members, things may have been less stressful for you.
We’re all familiar with the expression, ”Time is Money”. That is so true. Here’s an example to illustrate this. Imagine you’re running a business that generates $100 dollars per event. You accomplish an average of 2 events per hour and you work 8 hours a day. The events arrive in increasing dozens per day so there’s always a backlog of “To Do” events. If you work at your 2/hour rate, then you accomplish about 16 per day resulting in a daily income of about $1600. It’s frustrating to look at the backlog pile getting bigger and bigger each day. You need a solution. Let’s say you recruit 3 people and you train them to the same job. Two of them may work at 2 events an hour but you may strike gold on the third one who is on fire and spitting out events at about 5 per hour. Will that make a difference in the size of your daily income? You bet it will !! So here’s your institution’s new income:
($1600 x 3) + ($100 x 5 x 8) = 4800 + 4000 = 8800. PER DAY.
Now nobody knew from the beginning that you’d find the third guy on fire to spit out 5 events per hour. How about if you were to recruit 20 or 30 people and the minimum output capability of anyone in your business is 2 events per hour. The probability of acquiring people with greater output capabilities than 2 per hour, is greatly increased. This is known as the law of averages. When applied to your business, your income and productivity WILL increase greatly.
Thank you very much for your time and attention. Be sure to stop by on Monday for next week’s topic: The Power of Relationships.
For more information on my business, please visit http://kamsu.natureswellnesssecret.com and request more info.
See you next week !

The Strength in Numbers (cont'd)

So how do I incorporate this phenomenon of "Strength in Numbers" into my own business? It's very simple. In a previous post, I outlined the importance of having systems in place. Systems are extremely beneficial to any business. Systems are powerful ways of getting tasks done and once they're adhered to, success is inevitable.
There are systems in use to build my business and these systems have all been taught to me by other business associates who have more experience. This form of 'vicarious education' will be the focus of a future post.
There's a quote made by J Paul Getty that states,"I'd rather have 1% of 100 people's efforts, instead of having just 100% of my own efforts. Getty was the first billionaire in the US. In today's world, most of us work and get paid based upon our own efforts. That's the norm. The business that I'm in, I can get paid based upon many people's efforts.
Pay attention to the following economic formula that I learnt from a great businessman:
Talent x Effort x (no. of people) = Opportunity Factor.
Talent and effort varies greatly with different people but the number of people is always just one-and that's YOU. It's totally opposite in my business. Even if talent and effort is very low, the number of people can be thousands. Can you imagine earning cash based on the efforts of all those people? This businessman has been using this type of system for over 20 years now and his current organisation is approaching 200,000 people. Any normal person can achieve this as long as they understand the concept. Do you remember the movie "Entrapment" starring Sean Connery? The goal was to steal just a penny or so from different bank accounts. You may say a penny isn't much. At the end of the robbery, they would have gotten about 8 BILLION dollars. That's because of the thousands and thousands of bank accounts that they stole the penny from. MIND YOU I AM NOT ENDORSING THEFT but I guess you get the point by now. When you set up a business such as mine, and you train 3 people, each of them trains 3 others which is 9, those 9 each train 3 others which is 27, you can see where this is going. You keep sharing the wealth with new people and your own financial success is inevitable. So that's the structure of my organisation and what's even more advantageous is the fact that EVERYONE at every level has the exact same opportunity to earn income. Isn't that incredible? So while I'm at my day job, there can be dozens or thousands of people doing their own businesses in my organisation. Now do you see the real Strength in Numbers?
Thank you very much for your time and kind attention.
Concludes on Friday.
To learn more about building such a business team for yourself, please stop by my website and request more info.
http://www.goxango.com/kamsu or http://kamsu.natureswellnesssecret.com

The Strength in Numbers

This is a very old saying and it makes much sense indeed. Ponder on this for a few moments. Imagine if every entrepreneur were to realise this. Can you imagine how great their business would be? I refer directly to entrepreneurs because I am one myself and most of us are so crazed and intrigued by our business venture ideas that we try to literally do everything ourselves. This is the road to failure and frustration. Nobody wants that. So how do we make it a success venture?
First of all, sit down and write down EVERYTHING and EVERY STEP in getting different aspects of your business done. Then you create systems of getting each one done. Then you put everything into action. You have to be patient and carefully screen a number of people to be on your TEAM with you before you get started fully. You will be looking for different strengths and weaknesses in people because the different duties written down previously, will be DELEGATED to each individual. When the workload is disseminated via meticulous delegation, the success of the entire institution is inevitable. On Wednesday, I'll outline how I've applied this principle to my business.