During 1990, I remember when a panel professor in front of all the assembled students of the college gave us a big lecture on what to expect in the outside world and how being an engineer we can do a positive contribution for the society. I remember feeling upbeat and in the college canteen we excitedly spoke about the Government jobs and joining PSU’s like SAIL, etc. Lots of people are still in PSU’s for that matter.
Listening to one of the Robert Kiyosaki’s audio gave me a very different perspective which I would like to share with you.
Well when we start our income life it is all for 8 hours work every day for 5 days which equates to 40 hours per week. Considering working for all the 52 weeks in a year for full 5 days per week takes the number to 2,080 working hours per year. Considering 40 years of working (actually the real number is 50, but let’s be conservative here) for 2,080 hours per year takes the figure to 83,200 working hours for a 40 years period. That’s what most of the universities have trained us for and we see many people going in life with this plan. When first time someone asked me if in a period of 24 hours can we really work for 83,200 hours? You must be thinking it is just weirdo thought. What if it is true?
Well let us go to the year 1954 when Ray Kroc set the foundation of the franchising opportunity using McDonalds. McDonalds would have around 36,000 restaurants in the world. Ray Kroc or his family did not work in any of them but they make a whooping $7.5 million per day income. Each restaurant is owned by individuals like you and me generating their own income. How cool is that? They pay a royalty for every transaction to their franchiser and a franchisee fees.
Now let’s overlay this in a very highly integrated world of today. Imagine you can create a clone of yourself and both works for 40 hours a week but send the income back to you. How about duplicating this aspect 1000 times or 10,000 times and even more for that matter. Also remember every time it is done a portion comes to you. Franchising in my mind is nothing but a very learnable, teachable and duplicable process. The aspect of learning and teaching if streamlined then it can be duplicated very well.
I think the hardest but here is getting at a level of duplication. I can explain this. In childhood I still remember a flute seller use to roam in the streets selling flute. He use to play a beautiful tune and it was so amazing that every kids use to run to get a flute. Now when we tried playing all that came out was pssshhhhh! Now someone asked the flute seller can he learn to play the flute as well. He said sure, keep aside 4 hours a week and I want say 500 rupees a month. Well the person did not turn up for the sessions or was irregular. He can blow all the air but all it will come out is psssshhh! Imagine that person asking you why I am not succeeding? You know what to say right?
Now imagine this when you train and develop 100 people all who does 10 hour work per week in their individual franchisee but the a small percentage of productivity is linked with you then in a week you have already worked 1000 hours equivalent. Now let’s extrapolate let say over the years you train few and others train few and in this manner 1000 people got trained and they are working on their individual franchisee, so now in a week you are working 10,000 hours per week. Let’s say now you have 10,000 people in your network then OMG, you are clocking 100,000 hours equivalent of work. The best part is even if you stop giving you 10 hours a week still you are clocking 99,990 hours a week. That what is the magic of how you can work 83,200 hours in one day.
Many people have done that and I know some of these people personally.
Lots of big companies like MySpace, Google+, Facebook, Instagram, Flickr, Vine, Ask-m, etc are leveraging on the power of this duplication. Everyone does a small bit and together it brings a big outcome. Ray Kroc just did that where all the thousands of McDonalds restaurant operating and the hours are leveraged in a massive scale.
One of the biggest example which nature gives us is “The Great Barrier Reef” which uses this theory.
The Great Barrier Reef is the world’s largest coral reef system composed of over 2,900 individual reefs and 900 islands stretching for over 2,300 kilometres (1,400 mi) over an area of approximately 344,400 square kilometres (133,000 sq mi). The reef is located in the Coral Sea, off the coast of Queensland, Australia.The Great Barrier Reef can be seen from outer space and is the world’s biggest single structure made by living organisms.This reef structure is composed of and built by billions of tiny organisms, known as coral polyps. It supports a wide diversity of life and was selected as a World Heritage Site in 1981. CNN labeled it one of the seven natural wonders of the world.[Source: Wikipedia]83,200 hours work in 24 hours is very cool.
CheersPrabir