Corporate Hierarchy vs. Entrepreneurial Heterarchy
Almost all businesses are primarily hierarchical. This means that almost every worker is governed by someone in an authoritative position above them. Picture a pyramid. Ideally, I think this is flawed. A logical alternative to a typical corporate hierarchy would be a heterarchy. A heterarchy is like a peer to peer structure where the people are on the same level. Why not pool everyone together in one big heterarchical group and let policy dynamically create the right virtual separation of people needed to function as a bright, light, and tight system?
Contracts & Phone Calls
In a world where most people believe that to become extremely wealthy you either have to work a lot harder or get lucky, us Wealth Builders know that all it comes down to is just contracts and phone calls. By nature, sophisticated Wealth Building is all about being an absentee owner. Stay away from your assets! So why do almost all “experts” tell people to keep a close eye on their assets? Because it is human nature, the scope of their understanding is limited, and they are not advising Wealth Builders. A sophisticated Wealth Builder’s empire virtually operates and grows itself.
Affiliate Marketing
I’m a pretty big believer in affiliate marketing. Why not? It just makes sense to me. I’m talking about creating your own affiliate program for your own business. Think about creating an affiliate program to boost your sales and profits.
Company Knowledge
Knowledge is used for everything and having the best knowledge is worth a lot. The asset of company knowledge is one that is very hard to manage, protect, and leverage. My vision is to have the systems in place to efficiently gain knowledge, record it, disseminate it, and integrate it into the minds of other workers.
Giving Up Control
For every business there are costs and benefits for the entrepreneur to personally manage and control each different factor. You need to continuously be analyzing this and be looking for more leveraged actions to invest your efforts into. Smart dependency on others allows growth to happen.
Systemize Your Workers
In this post I discuss the practice of creating documentation of company policies and procedures in order to extract more performance out of your workers.
