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Thursday, December 23, 2010

The Key to Future Wealth Generation

If you hold a management position or you're running your own business,  take a moment and concentrate on your job. Think about what actions you perform throughout the work day that directly make money. You will discover that only a handful of actions directly increase income. The rest of your time is spent on side issues that do not make money for your company.
Many managers will find, after a quick analysis, that throughout their normal work day they usually perform only one or two actions that directly make money. In fact, many days may pass when a manager does not perform a single money-making action. Yet, those money-making actions are the foundation of all wealth creation. Those actions are what your business was founded on, they are responsible for all its income, and they are the key to future wealth generation.
Now, concentrate on those handful of actions that directly make money--they are essence actions. A business is full of details on which a manager can spend all of his or her time. In contrast, only a handful of essence actions make money in business. Hone in on those essence actions. By consciously focusing on money-making essence actions, a person can suddenly expand two-fold, five-fold, even ten-fold the number of money-making essence actions he or she performs in a day. That manager will then realize that he can pack all his days with direct, money-making essence actions. Suddenly, his money-making capacity will skyrocket as he pushes through stagnation barriers and into a world of wealth-generation.

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