Limited Income

Limited Income

A person work and generate income, by his own effort & time, is very much limited.

Suppose if you want to increase your salary by 30 % from the current. So if you work 24 hours for the entire 12 months, than, is that possible to state confidently, that your salary would be hiked to 30 %?

(a)    If you say ‘YES’, than what’s the reference & assurance? Do we have any metrics to measure the same? Would the salary hike happen automatically from 13^th month onwards?

(b)   Whatever the performance you demonstrate, still it need to be verified by another person and hike is based upon other person’s interest/opinion only. Not just based on your performance alone. 

(c)    It’s practically, ‘NO’, because, not by anyone can work continuously by 24 hours for the entire 12 months. Even if you work so good for 10 months, in last 2 months, if you have any conflicts with your supervisor, then, you hike could be challenged.

(d)   Moreover working 24 hours by anyone is NOT possible. Because, every day we spend 8 to 10 hours for work, 6 to 8 hours for sleep, 1 to 2 hours for travelling and 2-3 hours for other activities. So practically we cannot extract more than 10 hours in a day for work.

(e)   If there any opportunity to spare & leverage, some other’s time & effort for your income? If so, you & your spouse can participate. Nobody else.

Suppose if you want to increase your small business income by 30 % from the current, what could be possible alternatives.

(a)    Probably, you can open-up additional shops at different locations, expand the present shop to accommodate more products, add more additional products, extend business hours from present limits.

(b)   Add more value-add services, like home delivery, credit card payment, acceptance of meal vouchers, free pickup / drop facility.

(c)    Deploy more automated machines, minimize human power, and hire resources with experience of cheap labor rate.

Ultimately, whatever approach you choose, the income is directly proportional with the investment made. The returns from the small business would be either below or at par with the investment made, not really or sure of hikes from the current levels.

Could we do anything, so that our income levels to improve from limited to unlimited?

Please track this space for more updates.

ACTIVE INCOME

We all know INCOME, but what is Active Income? Do not be Panic. Let me explain.

Lets say you join a software company. You work really hard. You take your customer problems, on your head, bypassing all your comforts. With sincere focus, commitment, you work-out, for an optimum, ever green design (OR) solution to the customer. Customers impressed. Based on your performance, customers were delighted to offer the project, to your company. You work sincerely, and help in realizing the solution. Again customers impressed and renew the contract.

So far so good....Now, the situation comes, Lets say 

(A) You end-up having difference of opinion with your boss, on some aspects. On that reference you look-out for an opportunity outside of the company. Fortunately you get the same, so you leave the company. 

(B) You get married with your dream-girl and she wanted to relocate to new place, where your organization, does not have any facility. Based on personal convenience, you get an opportunity from the new location and leave the organization.

(C) Due to market conditions, your company decides not to provide hikes for this year, but you worked so hard this year, and you feel, that you deserve definite hike. But organization communicates, as company's policy not to provide hike to anyone. So you decide to leave the organization.

(D) Due to financial constraints, within the organization, board of directors, decides to reduce 15 % salary from all the employees, which was not acceptable to you. On that reference you leave the company.

(E) You loved ones, fall sick and you wanted to take leave, but the company is NOT giving as per your convenience. On that reference you resign from the organization.

Even though you leave the organization, customer seems to be not aware of the same and still renew the contract, referring to the performance provided by you (OR) the quality of solution / design delivered by you.

Tell me....honestly....

After relieving from the company(including final settlements), do you stand any chance to receive any income from your company??? 

The organization gains repeatedly, based on your past performance, do you get anything after leaving the organization???

In case if you say "NO" then you are working and still representing for 'ACTIVE INCOME'. 

As long as you are working, as long as you are associated, you entitle to make income is called ACTIVE INCOME. The moment you leave or dis-associate, you would NOT be getting the same.

Its not only applicable to software company....Instead, It applies to all company, all industry, all geography and it applies to everyone except the person who owns the company. 

In case if you want to know, any more alternates...please watch this space for more updates.