• Creating a Wealth Generation Plan - Delegation factor
  • Wealth Generation Plan
  • Choosing a Wealth Generation Plan
  • Delegation
  • Policies
  • Agreement Seriousness Check

Creating a Wealth Generation Plan - Delegation factor

This article delves into the concept of the Wealth Generation Plan (WGP), with a particular focus on the role of Delegation within it. Developing a successful income stream requires the distribution of responsibilities and tasks to others, making Delegation a crucial aspect of any WGP.

The following sections provide insights from the private notes of Start Your Own Gold Mine mentor, Jean Louis, on how to create an effective WGP:

Wealth Generation Plan

The Wealth Generation Plan is the result of implementing the factors of Delegation, Planning, and Exit Strategies. WGP stands for Wealth Generation Plan.

Choosing a Wealth Generation Plan

1. Create multiple short-term Wealth Generation Plans as strategic options.
2. Evaluate the Knowledge, Responsibility, and Control (KRC) in relation to the Wealth Generation Plan.
3. Utilize the RCD Formula to generate wealth by implementing the Wealth Generation Plan.
4. Repeat the Wealth Generation Plan execution to increase wealth.
5. Scale up the execution of the Wealth Generation Plan.
6. Explore other Wealth Generation Plans and repeat the process.

Delegation

1. Administrative Instructions: Clearly outline guidelines for delegated tasks, ensuring recipients have a clear understanding of their responsibilities and the correct approach to completing them through detailed explanations.

2. Training: Equip individuals with the necessary skills and knowledge to perform their responsibilities and tasks competently.

3. Supervision: Monitor activities using reports, statistics, recordings, logs, and designated supervisors. However, be cautious when selecting friends as supervisors, as outcomes may be unpredictable.

4. Trust: Build a reliable business relationship centered on contracts, ARC (Affinity, Reality, and Communication), and trust rooted in certainty from positive past experiences.

5. Self-Confidence: Implement the PAC Formula (Plan, Action, and Confidence) to build confidence and achieve Financial Freedom. Confidence is the absence of any lingering doubts that may hinder progress.

Policies

1. Thoroughly verify staff members to ensure no connections with con artists.

2. Verify staff members if they lie or steal, giving them hidden opportunities for verification checks.

3. Provide guidelines for handling complaints, rumors, and understanding authority.

4. Establish partnerships, not slave master relationships.

Agreement Seriousness Check

1. Assess the person’s commitment and seriousness when signing the agreement, ensuring they fully understand the implications.

2. Inform individuals about potential consequences and outcomes of not taking the agreement seriously, enhancing their sense of responsibility.

3. Consistently incorporate the agreement seriousness check in every contract signing process.

In summary, a successful Wealth Generation Plan combines Delegation, Planning, and Exit Strategies. Implementing administrative instructions, training, supervision, trust, and self-confidence in the Delegation process can lead to a successful WGP. Follow the outlined policies and agreement seriousness check guidelines to ensure a reliable and committed team for your business.

• Qualification requirements for executive staff in the Start Your Own Gold Mine company
  The qualification requirements as listed on this page provide you with references to education and online resources, so that you may qualify for the position of executive staff within the Start Your Own Gold Mine company. The resources and courses you may attend by following the instructions may empower you as an individual and staff member, and as a businessman.