Leverage is what rich people and large busiesses use in order to expand at an explosive rate. You will notice that the average Joe that works 40+ hours per week seems to live paycheck to paycheck. Even the middle class seem to overlook leverage and their entire life is spent paying off credit card debt.

As a business, your leverage starts when you hire people to do the daily tasks that take up so much of your time. A company should have a complete sales force to bring in and close leads; a team of developers (or workers) to get the actual work done; and customer service people to handle client relations and general questions about your business.

In addition to leveraging your time, it is necessary to manage the entire team with a weekly meeting. This will allow you to make sure everyone is on the same page and are no less motivated than they were when they started working for you.

While a team is an important thing to have, it means nothing unless you can treat your employees with respect and compassion. Your employees need to know that when they go to work for you they will not be bored out of their mind. Your workforce should remain strong and efficient.

Resources:

• GoToMeeting - A virtual conferencing solution to bring your virtual staff in for regular meetings.
• Craigslist - A good place to search resumes and a starting point to building your team.