Friday, June 4, 2010

The Power of Teams




Here is today’s thought experiment to illustrate not just the power of team work, BUT THE NECCESITY OF TEAM WORK.

Suppose you found yourself starting a new bottled water company where all the profits would go to environmental non-profits promoting clean water?

I think I’d start by recruiting a team of three people, an accountant, a marketing guy, and an engineer. 
I don’t know how the Three guys at Keeper Springs did it, but they have donated $500,000 of profit…


Now suppose you were assigned to start a new business where your job description is the same as a corporate middle manager?

An independent, disciplined, motivated, business oriented, educated individual with great communication skills whose responsibility is to recruit, train, and track progress.

Are you qualified to run this business? 
Of course you are, create your team to overcome your weaknesses and develop your skills.  People pay big dollars going college to develop their skills.


Now suppose you know that you are uncertain of your job security, you aren’t making enough money, and your not saving enough for your future goals.

What do you do?
Work harder at your job? Or Begin building a new life by creating a business that generates passive income.  Create a team that can productively recruit, train, and track progress.

In the previous posting about the power of Ideas, the reward for the task by oneself was about $20,000 per month…

If you joined up with two other people to build a business
the reward would be,
$6,666 per month.
Or about
$80,000 per year.


Believe it or not but: 
"Sharing means Having more."



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