Leverage #1: OPT (Other-People's-Time)

There are a lot of leverages available now to earn money such as OPT, OPM etc. Someone who is on the "B" side (businessman) knows how to utilize Other People's Time (OPT). They do this in order to do tasks that they either can't do personally or have no time to do it. They would get someone in his team to do the job. There are a lot of ways to access OPT and the basic examples are:

A. Hire Employees - these people will work hard for money so hiring them is a good choice. The problem with this is, your overhead expenses increase as you hire more people and you are required to provide them salary and benefits even if your business is losing money. Any extended hours rendered is also compensated. Sometimes, they slack off but most of the time, they will work hard for you. The key here is, they worked for you so you should pay them instantly.

B. Get Business Partners - these type of people usually builds the business. They make money only if the business they built makes money. And they are paid based on deliverables(results). If the business wins, they win. If the business looses, they loose too. the key here is, they work hard today so that they will have a brighter future tomorrow (without working on the same thing every day).

One more complex form of OPT leverage is Business Process Outsourcing. This topic is a bit complex so i will discuss this in the future.