If you’re working 12 to 16 hours per day for your boss, but you still feel that your career is stagnant, and if you’re asking yourself, “Why am I always stuck in this situation?”, then maybe there is one thing that you are missing. And that one thing that you absolutely need is the DESIRE to want to be successful! It’s that simple! Along with DESIRE is the conviction that this is your true calling.
So what happens if you have the desire to succeed but lack the conviction to take risks to propel your own business forward? The answer is to work for somebody else!
When you think about it, you can be an employee and still be successful like people who work as second-in-command in businesses. Being number 2 is always a respectable and sought-after position, especially in Singapore. This makes sense because starting a business can get complicated, considering all the costs and challenges of building and maintaining a business.
Here’s how you can capitalise on someone else’s business without risking any of your resources:
Seek out a high-net-worth individual
The most successful businesspeople all have the same problem, they have a lot of money, but they don’t have enough time. We all have 24 hours in a day, no matter our financial status. That’s why high-net-worth individuals always look for a number-two person that will serve as their rainmaker. High net worth individuals are all coming to Singapore all the time. They often look for somebody they can trust, who has the entrepreneurial spirit, and who can pay a good salary to drive their business to success.
Ask for the opportunity
According to Napoleon Hill, author of Think and Grow Rich, ultra-high-net-worth individuals as Andrew Carnegie benefit from hiring driven employees who create value. So think about how you can help them profit more than 10 times what they’re giving you. It will be an excellent deal for both you and your boss if you can do that because you don’t take any risks. If you have to hire people, you use part of your pay to risk your own money.
This idea is called OPR (other people’s resources). Use your brain to think about how you can help the boss get more money. You’re not proposing to be paid for your time or effort; rather, the boss will pay you in exchange for the value you will create for their business. That’s how you grow your wealth financially.
Create value for your employer
Different people have different definitions of value. You have to ask your boss what is valuable to them. For most business owners, value comes from getting the business to the next stage. This is when you need to seek out mentors to help you strategise and formulate profitable plans for the business.
During this period, we have to think about the next step to grow our wealth, success, and happiness exponentially. There is uncertainty as to what the situation will be anywhere in the world—consider this as a timeout for you to sit down and strategise your next steps. Start with the desire, then work on creating a step-by-step plan to reach the success you’ve always dreamed of.