Leveraging other people's resources (OPR) to build wealth is a common strategy in entrepreneurship and investing. Here I outline some ways to do it effectively: 1. Use Other People's Money (OPM ): - Investors : Seek funding from venture capitalists, angel investors, or crowdfunding platforms. - Loans : Secure loans from banks or other financial institutions to finance your business or investments. - Grants : Apply for business grants from government programs or private organizations. 2. Leverage Other People's Time (OPT) : - Hiring : Employ skilled professionals to handle various aspects of your business. - Outsourcing : Contract out specific tasks or projects to freelancers or third-party companies. - Partnerships : Form strategic alliances with other businesses or individuals to share workloads and expertise. 3. Utilize Other People's Expertise (OPE) : - Mentorship : Seek guidance and advi...
Publishes eclectic topics on human worldviews; Marketing including desires; needs, wants; aspirations, choices, preferences, lifestyles, behaviours, values; social constructions, trends, culture, politics, religions, ---- and ultimately human perspectives. John teaches online at the Ransford Global Institute: https://ransford.yolasite.com/