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?

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