The Power of Leverage

The Power of Leverage

Leverage in business, from my perspective, is the ability to use what you have — or may not have — to move your business forward. The truth is, I didn’t know or appreciate the concept of leverage in my early days of business.

A few examples of leverage:

  1. If you are in a co-working space today and you invite someone to meet you there, they are greeted at the front desk, perhaps welcomed by someone from your team or the host organization, who takes them to your office or a meeting room. You’re leveraging the space to appear as a well-rounded organization.?You may not own the space, the building, the equipment. You may not employ all the people there, but the perception of being an established business is clear.
  2. If you secure a loan from one bank, you can leverage that loan to get another.
  3. If you secure a large client, you could leverage their bigger name to help secure another large client.

What I have come to understand from my experiences in down times or times of crisis is that while it is important to be resilient and move forward, the ability to leverage what you have — including cash, people, and places — is more important.?Power comes to those who are able to leverage what they have to keep their business moving forward.

We’ve been asking you to take time to reflect on what you’ve been doing. When I began seriously looking at how I was able to secure some of my earlier business deals, I was surprised to realize that it was all about leverage without me even knowing it!

By bringing the concept of leverage front and center for you, I hope you don’t have to suffer or struggle as long as I did to lead or start your business or organization.

BEFORE YOU GO

We see our blogs as opportunities for dialogue. Please share your thoughts as comments.

  1. What can you do to leverage the resources you have?
  2. What other ideas do you had around the concept of leverage?
  3. What else have you done to keep your business or organization moving forward?

_____

Faris Alami is Founder and CEO of International Strategic Management, Inc. (ISM). He works internationally, presenting Exploring Entrepreneurship Workshops and other entrepreneurial ecosystem — related ventures.

#leverage #entrepreneurship #leadership #farisalami

要查看或添加评论,请登录

Faris Alami ?????? ?????????的更多文章

  • From Survival to Storytelling

    From Survival to Storytelling

    People ask me why I fight for the underrepresented, or how I find the strength. One of my responses is: I carry the…

  • Goal Setting

    Goal Setting

    Setting goals is not relegated to specific times of the year. It can — and should — be done daily, weekly, monthly, s…

  • Resiliency and Contingency Plans

    Resiliency and Contingency Plans

    While it’s nothing to brag about, having worked with many people that face challenges — some economics, talent…

  • Redefining Entrepreneurship

    Redefining Entrepreneurship

    Merriam-Webster defines an entrepreneur as one who organizes, manages, and assumes the risks of a business or…

  • Give and Forgive

    Give and Forgive

    Throughout the calls we’ve had with leaders and entrepreneurs over the years, we’ve learned many great concepts. One of…

  • Accepting Change

    Accepting Change

    One of the hardest things to do is change, but we’ve learned that with change comes opportunities. As we look around…

  • Mistakes Will be Made

    Mistakes Will be Made

    Across the years, many entrepreneurs considering ISM training sessions have asked me: Will this training make me…

  • Strategies versus Tactics

    Strategies versus Tactics

    Apparently there is some confusion in the entrepreneurial/small & medium sized business world about tactics and…

  • Leadership is Not Easy

    Leadership is Not Easy

    Trust me when I say: Leadership is Neither Easy nor Comfortable. While many leaders around the world have shared this…

  • Entrepreneurial Dreams versus Plans

    Entrepreneurial Dreams versus Plans

    Across the planet, people have dreams — some big, some small. Entrepreneurs in particular have dreams, and many times…

社区洞察

其他会员也浏览了