Meir Ezra - Steps for creating new income sources

Ten steps to work out new income sources

1. Figure out how much money you need to earn. Write the total at the top of a page. For example, "I need to earn $10,000 per month."

2. List all of your assets and resources. Include your possessions, skills, available time, knowledge, contacts and passions. These are the ingredients to your ultimate success, so make the list as complete as possible.

3. Write down every way you can use your resources to make money. Consider all options. Use your imagination and make a list. Include old methods, new methods or any combination of assets that produce income.

4. If you cannot work out a workable income source, work out a plan to increase your resources. If you have the right ingredients, creating new income sources is easy.

5. Select a method that is proven. Ask yourself, does this method already make money for people? If so, it is a good candidate.

6. Verify that others would pay you for the product or service.

7. If all the signs are good, test the idea in the real world before devoting much time or energy to the idea.

8. Once the idea is proven to work, then and only then should you invest significant time and money into the project.

9. Once you have a plan you are certain will work, work hard to make it happen. You will solve your money problems by making more money on your own.

10. This final step is rarely taken, but is key to becoming wealthy.

Meir Ezra on rules for successful staff management

If you can successfully manage people, you get more done and do more good with a group than you can as an individual. You are paid well because you are valuable to your company or organization. In fact, the best-paying jobs in this world are given to managers because good managers are so rare.

Unfortunately, they do not teach people management skills in traditional schools. Even business schools do not teach you how to hire people, improve their performances, resolve their disagreements, boost their morale and so on. Until L. Ron Hubbard worked out the skills and techniques you need for managing people, you had to learn how to manage on your own.

1. Do not expect to improve your status or popularity with your staff members by giving them raises. You improve your status by doing your job and actively leading your group.

For example, one of your employees says, "Come on Boss, I really need that raise. I'll be loyal to you and make sure everyone likes you, if you give me the raise. Okay?" You say, "Sorry Jed. No raise. Maybe if you improve your productivity for a few months we can discuss it. Let's get to work on that project as we're already behind."

2. Do not pull people off their jobs. It makes them feel insecure. They get the idea you have partially fired them and so they quit.

For example, you decide to answer the phone whenever you hear it ring. Your receptionist only gets to answer the phone when you are busy. Soon, the other employees start to answer phone calls whenever you are busy. Your receptionist quits.

3. You can make people work very hard as long as they are doing the job they were hired to do.

For example, your computer system crashes and 5000 records need to be entered by your data-entry staff before they can do their normal data-entry work. Because they were hired to do data entry, you say, "I know this will be hard, but you people need to get these 5000 records entered by the end of the day, even if you need to work all night. And then by the end of tomorrow, you need to catch up your regular work, as well." The data-entry staff grumble a bit, but soon they are working harder than ever. They laugh about having pizza for dinner and make up a game to finish before 7 pm.