The 20/20/60 Magic Formula For Business Growth

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I was browsing my archive of Wealth Strategies from the Truly Rich Club when I read about this 20/20/60 Magic Formula for Business Growth. This information was also shared by COL Founder, Mr. Edward Lee, during the recently held Wealth Summit.

I believe this is what Chinese businessmen do that makes them grow their businesses. My partner and I have started using this formula. I am also sharing this to my future business partners/workmates because we will be starting a new business in the next three months.

So, here is what my mentor says.

At the end of the year, you divide the profits by 20/20/60. 

Twenty percent of the profits goes to the owners of the company. If you will be working fulltime for the business, pay yourself a tiny salary.

Twenty percent goes to the team. Share it with all your employees, like a profit sharing at the end of the year.

The remaining sixty percent is the secret sauce. This is where your business growth will come from. You reinvest it. To expand your business. To build new branches. To go into new businesses. 

Most businesses do not grow because they take all the profit off the table at the end of the year. Imagine that compounding effect of that sixty percent year after year. 

I am applying this formula for my business income. And I am currently applying the 10/10/10/20/50 formula for my personal income.

Know these formulas.

Apply them.

Become wealthy and remember that the main purpose of wealth is to love and serve others.


P.S.

Do you want to gain financial wealth and spiritual abundance at the same time? Do you want to learn how to recognize business opportunities and have other income generating source? Sign up at the Truly Rich Club. CLICK here



 

Let Hunger Fuel Your Dreams

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Last night, my counterpart (workmate) sponsored a medical and non-medical lectures for our dear doctors. The topic of the non-medical was Stock Market Investment -- one of my favourites! I was delighted because I was hearing it from no less than Ms. Sha Nacino, an author and an inspirational speaker who discovered her passion amidst credit card debts; and I was attending it for FREE!

She shared her "Buendia Experience," wherein she had to walk for kilometres under the scorching heat of the sun during her lunch break just to get the Php1000 her father sent to her thru LBC because she was flat broke and was left with only Php50 in her wallet.

While she was sharing this, one of the doctors who was sitting next to me said that he had the same kind of experience, only that he had Php40 left and he needed to go home from Manila to Pampanga.

During the Truly Rich Club's Wealth Summit, Ms. Karen Davila shared that she was riding a loaded bus when she told herself, "Ayoko ng ganitong buhay."

Hearing their stories, this is what I realized: Hunger fuelled their dreams. That hunger, which is also called the "emotional why," led them to where they are now. Ms. Sha Nacino, my dear doctor, and Ms. Karen Davila are all very successful now. As my mentor Bo Sanchez said, "When you have found your strong emotional why, the how will follow."

What is your hunger or strong emotional why?

Have you gone through a difficult time and you have decided that you do not want that to happen again?

Use that frustration to achieve your fantasy.

I have shared in a previous post my strong emotional whys. And now, let me share with you some of my fantasies.

1. When I am not feeling okay (or whenever I feel like it), my fantasy is that I can just stay at home and rest and need not go to work to cover MDs. 

2. When there is an expensive seminar that I want to attend, like the Truly Rich Club's Super Conference held for 4 days in a 5-star hotel surrounded by multi-millionaire mentors, I can just pay in full with one swipe of my debit card.

3. When my business partner friends and I have come up with an idea, my fantasy is that we can push thru with the planning and implementation because money is not a problem. (This explains the Family Mart photo above).

4. When I receive an email from World Vision inviting me to join a Volunteer Caravan for Leyte in April, Bohol in May and Aklan in June, my fantasy is that I am financially capable of joining all three.

5. My greatest fantasy is that I do work with meaning, develop my passion, pursue my purpose and spend so much time with people I love.

Let me share a quote I read on Facebook: "Money can enslave through keeping us in bad jobs, bad relationships or depriving us of our dreams."

Friend, I do not know what you are going through right now.

You may be like Sha who is down with credit card debts.

You may be like my dear doctor who is flat broke.

You may be like Karen Davila who is tired from the daily commute.

Use your pain and let it fuel you to succeed in life. You can rocket your way out of your pain and into prosperity.

And when you have succeeded, remember to use wealth to love and serve others.

Be very blessed!


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P.S2 I used to have a longer list of fantasies. Through the Truly Rich Club, I have learned to make some of my fantasies into realities. If you feel like you are in a dead-end situation now and are looking for guidance, join Bo Sanchez' Truly Rich Club. Joining was the best financial decision I have ever made. Click here

Is Your Love Tank Empty by Bo Sanchez

As many of you know, I work as a medical representative and I spend hours waiting on doctors everyday. With my recent idle time, I was able to finish reading another book, Is Your Love Tank Empty by Bo Sanchez. I could not help but share some of its key points that are so valuable yet so simple, that I thought of writing this blog post.

May you find these life lessons meaningful and be able to apply them everyday.

"Here is the problem: Life has become so complicated for many people, the win is no longer obvious. Life has become so discombobulated, it is almost impossible to define the win."

"Love is the win in life. In every area!"

"It is not how big your house is, or how new your car is, or how expensive your family vacation is. Your win is in your relationships."

If asked, I believe our kids will choose to be with us every single time. Let me share a personal story. I work in Pampanga while my kids stay in Tarlac. There are days when I sleep in Pampanga because I have to cover doctors late in the evening.

One time, before going home to Tarlac, I asked my daughter what she wanted for pasalubong. She answered, "3 pieces of Jollibee Tuna Pie, Mommy." I told her that it might take a while at the drive thru if I order three pieces. (Truth is, this was just my excuse. I knew she won't be able to eat all three. She gets easily satisfied).

This was her reply, "Cge Mommy, isa na lang para hindi ka na matagal maghintay at maaga ka makauwi." (Okay Mommy, just buy me one so you wouldn't have to wait longer and you will be home earlier.)

Again, given a choice, children would always choose to be with their parents. Moving on...

"But sadly, for many people, Church is like sacramental gas stations. Once they get their tank filled up, they go off their own way. The win in church life? It's all about relationships."

"God wants you to love Him not because you're afraid He'll throw you to hell if you don't obey the rules. God wants you to love Him because He loved you first (1 John 4:19)."

"Here is the reality: Being needy and being angry are the wrong ways of filling up your love tank. They will never work."

"Where does this desire to dominate another person come from? It comes from an empty love tank. It comes from inner woundedness. Remember: Only weak people want to dominate others. Strong people don't need to."

"Shouting at home is only permitted if there's a fire." (Yes, implementing this now).

"I believe that the most common sickness of relationships is fixitities. What is that? When you believe that your happiness will depend on fixing the other person's behaviour."

"God's job is to fix people. Your job is to love people."

"If you want to have a happy relationship, you have to already be a happy person apart from the relationship. If you want to have a satisfied relationship, you have to already be a satisfied person apart from the relationship. If you want to have a strong relationship, you have to already be a strong person apart from the relationship. There is no other way."

"Seek you happiness, satisfaction and strength from God."

"If you depend on other people's love, you end up settling for the cheap imitation, the fake version, the pirated copy of God's love. And then you'll complain why the love you get from others is choppy. Unclear. Pixelized. And you'll get frustrated."

"If you want a grace-filled relationship: Control yourself, submit to others."

"God still wants you to honor your parents simply because they're your parents. Honor them even when it's difficult to honor them."

And lastly...

"God will bless people in front of you for a purpose. What purpose? To train your heart to trust in His goodness even when it's not obvious."

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