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Posts Tagged ‘increase income’

Personal Strategic Planning: Save Time and Money

February 17, 2010 Leave a comment

The reason strategic planning and thinking is so helpful is that it saves you an enormous amount of time and money. By thinking through the key questions and concepts of strategy, you very quickly find yourself doing more and more of the most important tasks that can move you toward your key goals. At the same time, you do fewer and fewer of those things that are not particularly helpful. You do more things right and fewer things wrong. You establish specific targets for the company and for everyone in it. You greatly improve your ability to measure and track results. You move onto the fast track in your work and in your life in general.

The purpose of corporate strategic planning is to increase return on equity. Equity is defined as the actual amount of shareholder money invested and working in the enterprise. The aim of strategic planning in business is to reorganise and restructure the activities of the corporation so as to achieve a higher quality and quantity of outputs relative to inputs. It is to improve and increase financial results. It is to achieve superior profitability.

Overall, the goal of strategic planning is to enable the company to utilise its people and resources more effectively. The company will then function better than before. It will be in a superior position relative to its competition. This improvement can be measured in terms of higher sales, greater market share, better profitability, higher returns on invested assets and better positioning for the future.

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What Can Double Your Income and Increase Your Time Off

December 21, 2009 1 comment

Delegation is a key to leveraging yourself and, therefore, the key to doubling your income and increasing your time off. The following summarises the fundamental principles of effective delegation:

1. “Do what you do best; delegate or discontinue the rest.” Another way of stating this is, “Delegate any tasks that can be performed by a person earning less than your desired hourly rate of income.” If your goal is $100,000 per year, for example, delegate any tasks for which you would not be willing to pay $50 per hour, thereby freeing you up to focus your own time and energy on tasks that are worth $50 per hour or more. Any time you spend on tasks of lesser value represents an inefficient investment of your time and energy. Read more…