When I was a teenager, I started to observe. What distinguishes people who have a lot of money and people who live barely. My observation is going on for quite a while, I see there are hard working but life is just barely. According to my observations at the time, although now I realize that such external observations are not valid. There are some friends of my father who seem to work casually, but in my opinion at that time had enough money.
I am very lucky because I am the biggest child in my family. As the eldest child, I was often invited to go meet my dad friends. Every time my dad meets his friend, I listen a lot to how they build their business. Stories of success and failure of their efforts, all these conversations become a very valuable lesson for me when I start business in the future. After I pursue my own business and find the challenge in my business, I am reminded of their conversations. To make a business or income big, instead of chasing the money, but where the money comes from.
As long as we do not know where the source of money is then we can not produce more. The simplest example, if an employee wants to earn more money in his work. Usually they are looking for extra work outside of office hours, or they are looking for overtime in the office. This means that if we count the income they receive is the number of working hours that can be done in 24 hours. Then multiplied by the rate he gets. We all know that the limitation is on the number of hours we can work, because everyone has the same time.
To earn more income we should think how to increase hourly rates. If the hourly rate is 30,000 and can be raised to 40,000 then the result will be more. The question is how to get an employee to increase the hourly rate ?. Someone is rewarded for the skills they possess, the more skill they possess it is needed, and the more the skill gets rarer the value will be higher. To get a higher skill again, one must want to learn and practice continuously to hone skills owned. If an employee is lazy to know the new sciences in his job then surely he will experience stagnation, no one wants to give a higher salary again.
I once had an employee who felt he was great, if one feels he is great consequently is he does not want to learn anymore because people are doing what to do. Because he felt himself great then the demands are also many, I finally release the person to find a job elsewhere. I also had a very diligent employee, he wanted to study, given the job can always be completed properly. Due to a lot of work done that sometimes other people can not finish it he can help to finish. Right now he's not in the Reliable anymore, but has a great position elsewhere.
In managing the company is also the same, which is actually the source of money. The hallmark of the source of money is to increase a little, then other people dare to pay more than with other services or products. That is where we must continue to increase customer satisfaction and customers can not find a replacement. When it reaches this direction then surely money will come by itself.
The Lesson I Get
To increase income today many people are pursuing their money, and many who are pursuing this money end up not earning money as well. What we need to pursue is where the source of money so that we will get more money than others. The feature of the source of money is how we will be rewarded more than any other, an employee or entrepreneur we must improve skills that can be appreciated by others. If we as entrepreneurs then we do not have enough knowledge to develop their business then the business will not grow and develop.