Income = Value x Time x Scalability

Income is defined as spending more time to create value at work which in turns boost income. The power of scalability can further boost income by reaching out to more people when creating more value through increasing time spend at work.

The 4 basic strategies of Scalability are:

  1. Earn Royalties and fees from licensing or selling intellectual property
  2. Magnify your value by reaching more people at one time
  3. Earn recurring commissions from sales and referrals
  4. Earn profits, dividends and royalties from businesses

Information are extracted from the book “Secrets of Self-Made Millionaires” by Adam Khoo

Advertisements