The traditional LBO can teach you about so many things in life. Leverage. It is the first word in the acronym. Leverage is the key to wealth. Some people think it is a dirty word because it implies borrowing and risk. Well yes and no. First of all risk is what business is all about. We take risks and we get rewards. But leverage can extend to many other important things like time management. When we leverage our capital assets, we can raise money. When we leverage our human assets, well then we can raise more time.
Want to improve your time management tenfold? Buy a company. You then have instant access to resources you never had before. You have administrative assistants, sales people, lawyers, accountants and bankers. With all of these people at your disposal it then becomes much easier to run your own life and manage your own time.
