6 Strategies to Create Leverage Through a Business
By Thomas R Holthus
What are you doing to create results in your life by leveraging people, technology and tools?
Leverage is an interesting concept. It means getting a result using less of your own time and energy.
Would you like to work less and make more? Of course, right?
Let me share a few tips with you that will allow you to create more leverage.
1) Business Travel
Would you like to travel more? You can travel throughout the United States and around the world on business. And what’s nice is that some of your business expenses will be tax deductible.
Need a new vehicle? If you can justify it as a business expense, you may have a good reason to get a new or used car or truck.
Haven’t taken a vacation in awhile? Why not travel on business and then spend some time enjoying yourself in your off hours.
2) Purchase a vehicle or other property
A business can help you to achieve some of your personal goals. It can even allow you to acquire some of the assets you want. There are many stories of people who purchased real estate through their business and then used it to benefit them personally.
But, this strategy is not limited to real estate. You can purchase a vehicle through your business. If you have a business use for your vehicle, then it can become an asset of your business.
Always check with your tax professional before making any decisions.
Once you have purchased the vehicle, remember that any vehicle maintenance may also be treated as a business expense.
3) Buying Technology Tools
While we’re on the topic of purchasing items for your business, think about the different technology tools which can help create leverage.
A simple example is a computer. You can purchase a computer for your business. That will give you the capability to increase your business and personal productivity.
Some other tech tools you can buy are a laptop and a cellphone.
4) Improve your Standing in the Community
When you become a business owner, many people will look at you differently. People admire and respect entrepreneurs.
You will feel an increased level of confidence. When you have conversations with people, you will always have something interesting to share.
You will have business cards for your company. It’s nice to start getting calls from people interested in doing business with you.
5) Barter your Products and Services
When you have a product to offer, you can trade or barter your products for other products or services.
In a tough economy, barter is an interesting alternative to generating a sale. It creates value and will often lead to a next step in working together.
You can often barter to receive products, services, programs and even training.
It starts with developing your ability to negotiate. And that’s a good skill to develop in business.
6) Influence
According to John Maxwell, “Leadership is influence.” To become a successful business owner, you need to develop your leadership skills.
As a leader, you can influence to accomplish your goals. You need help and there are people who are willing to help you. You just have to ask.
As a business owner, you can have a positive impact on the world. What’s the best way you can add value?
Start a business today and make a difference in the world!
Thomas Holthus is a Business Mentor who teaches people on strategies to start and run a successful business. He has a background as a Senior Program/Project Manager and System Engineer with extensive experience proposing, winning and managing high technology programs. For a Free Video with tips on how to start your own business, visit http://yoursuccessandwealth.com/wealth/.
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