The oldest form of leverage is labor, which is people working for you. It is the worst form of leverage that you could possibly use.
You want the minimum amount of labor that allows you to use the other forms of leverage.
Capital is a powerful form of leverage. It can be converted to labor. It can be converted to other things. It scales very well.
If you have specific knowledge in a domain and if you’re accountable and you have a good name in that domain, then people are going to give you capital as a form of leverage that you can use to then go get more capital.
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