Want to make more money doing less work?
Imagine you’ve been contracted to supply a village with water.
You have two options for doing this:
1. A bucket system where you carry water back and forth between the well and the village.
2. A pipeline which you use to transport the water.
While it may seem simpler and easier to use buckets, it won’t be for long. You see, carrying buckets is a major hassle plus it’s inefficient, tiring and stressful. On the other hand, building a pipeline may be harder but ultimately it’s the fastest way to get the water from A to B. Even better, you only have to build it once and the water flows all day long.
What’s the point of this story?
Don’t be the guy who has to sweat carrying buckets.
Figure out how to build a pipeline in your business.
Here’s a real world example of this:
The other day I read an article about Howard Hughes. This guy started off in business when he inherited his dads drill bit company. His father had invented something called the two cone roller bit. This allowed oil drilling in previously inaccessible places.
When Howard took over the company he did something incredible.
Instead of selling this specialized drill bit to oil companies he began licensing it to them.
By doing this he was able to become a multimillionaire in only a couple of months.
That is the difference between buckets and pipelines.