Project Snapshot

Mass Collaboration Changes Everything
"The growing accessibility of information technologies puts the tools required to collaborate, create value, and compete at everybody's fingertips. This liberates people to participate in innovation and wealth creation within every sector of the economy. Millions of people already join forces in self-organized collaborations that produce dynamic new goods and services that rival those of the world's best-financed enterprises"

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Source: Wikinomics, How Mass Collaboration Changes Everything by Don Tascott and Anthony D. Williams

Mass Collaboration Changes Everything
"The growing accessibility of information technologies puts the tools required to collaborate, create value, and compete at everybody's fingertips. This liberates people to participate in innovation and wealth creation within every sector of the economy. Millions of people already join forces in self-organized collaborations that produce dynamic new goods and services that rival those of the world's best-financed enterprises" ______________________ Source: Wikinomics, How Mass Collaboration Changes Everything by Don Tascott and Anthony D. Williams

A Core Income Reengineering Principle
With cell phones, smart phones, ipads and popular internet applications such as Twitter and Facebook, society is more connected than ever. However, the majority of this well connected society is still living paycheck to paycheck with little to no savings or real assets. Why is this? Shouldn't information technology help people improve their standard of living? With this in mind, this research project originates under the premise that information technology can only translate into individual financial empowerment and wealth for the masses when the masses learn how to use new information technology and connective tools to interact and collaborate professionally with each other outside of the bounds of traditional employment and in ways that is financially empowering to all participating individuals. Over time, this empowerment will find its way into the mainstream workplace as financially empowered employees are willing and financially able to forgo hourly wages and salaries in lieu of more lucrative productivity and ownership based compensation.

A Core Income Reengineering Principle
With cell phones, smart phones, ipads and popular internet applications such as Twitter and Facebook, society is more connected than ever. However, the majority of this well connected society is still living paycheck to paycheck with little to no savings or real assets. Why is this? Shouldn't information technology help people improve their standard of living? With this in mind, this research project originates under the premise that information technology can only translate into individual financial empowerment and wealth for the masses when the masses learn how to use new information technology and connective tools to interact and collaborate professionally with each other outside of the bounds of traditional employment and in ways that is financially empowering to all participating individuals. Over time, this empowerment will find its way into the mainstream workplace as financially empowered employees are willing and financially able to forgo hourly wages and salaries in lieu of more lucrative productivity and ownership based compensation.

An Executive Summary Overview

Here's an executive summary overview of the Income Reengineering Process:

Core Vision: Today, over 80% of workers/consumers live paycheck to paycheck with little to no savings. What if, say 25 or 30 years in the future, 80% of workers/consumers will be in a financial position to comfortably ask the question ... WHY WORK FOR A MERE WAGE OR SALARY IF I NO LONGER HAVE TO as a direct result of the Income Reengineering process. This socio-economic scenario will naturally lead to a revolution in the workplace as individuals go to work from 8 to 5 to build more wealth as opposed to just earning a paycheck to paycheck living. As a consequence, the workplace transforms away from traditional employer-employee relationships we know today into the workplace strategic alliances and partnerships defined by the Empowered Employee Compensation Model. The end result is a 3-fold standard of living increase across all income levels;
Summary of Wealth Production Processes: Real time, collaborative and interactive economic research is the key to the process. For example, according to Don Tapscott, author of Wikinomics, "the growing accessibility of information technologies puts the tools required to collaborate, create value, and compete at everybody's fingertips. This liberates people to participate in innovation and wealth creation within every sector of the economy." This project will explore the power of internet centered mass collaboration toward creating wealth on a large scale:
- First, we encourage individuals to learn more about the workplace vision and the associated benefits of the Empowered Employee Compensation Model (EECM);
- Next, we encourage those who buy into the vision to join an online collaborative business alliance with other like minded individuals;
- Within this alliance, we staff and run a series of online peer-to-peer business production systems for the purpose of developing new wealth building solutions from ground-up. Each participate can contribute professionally toward the production and deployment of these systems and earn income with an average of 5 hours per week of online participation;
- The peer-to-peer business production alliances and the associated wealth delivery systems start small and grow and expand according to four (4) stage operational business plan. As growth reach the advance stages of operation, more and more wealth building resources will be readily available to the general public via the internet. Over many years of operating these online peer-to-peer business production alliances, the notion of large scale wealth, as discussed in the core vision, becomes more and more of a reality. Research comes into play as we evaluate, tweak, field test and make adjustments to the underlying business models as required to expand the project.
Jobs Production Model: The jobs production model is four (4) fold:
- First, managing and facilitating the large scale online peer-to-peer business production alliances required to deliver the wealth building solutions will spin off a multitude of IT collaborative facilitators and consulting organizations. In addition, new professional coaching companies and consultants will spring up with specific expertise toward helping individuals maximize the career and income production benefits associated with the online peer-to-peer production models. New companies produce new jobs;
- Second, the wealth building solutions will deliver new sources of capital to aspiring entrepreneurs. To this end, the Income Reengineering Process serve as an entrepreneur incubator that will, over time, spin off thousands of small companies. Collectively, these companies will produce new jobs across multiple industries;
- Third, in the advance stages of operation, new reengineering and change management organizations will spring up with specific expertise in helping companies of all sizes restructure their workplace relationships, operations and compensation infrastructure toward the Empowered Employee Compensation Model (EECM). Again, new companies produce new jobs;
- Fourth, new and established companies who operate and/or restructure according to the EECM will be lean and mean and extremely competitive in the global marketplace. As a consequence, they will expand and create jobs.

Learn more by reviewing a summary of the four (4) stages of growth.

A Summary of the Four (4) Stages of Operations

The Income Reengineering Process grows and expands according to a four (4) stage business plan:

Stage I (Early Growth and Development): The Initiative to Develop Entrepreneurs Aggressively and Safely (I.D.E.A.S.): I.D.E.A.S. is the originating peer-to-peer online business production project where we encourage aspiring entrepreneurs to collaborate online toward accomplishing the I.D.E.A.S. mission. The I.D.E.A.S. mission states: to encourage grassroots aspiring entrepreneurs to use the internet to interact, collaborate and operate as one large corporation and create new entrepreneurial financial resources from ground up. These resources allow aspiring entrepreneurs to completely bypass age old credit, collateral and successful business history requiring stumbling blocks posed by traditional financial institutions. The I.D.E.A.S. business system establishes the necessary peer-to-peer operational business models required to make it happen. The funding vision of Stage I is to create a fund that is funded at $13,000,000/month month after month;
Stage II (Building the Foundation): The Gradual Entrepreneurial Allocated Resource System (G.E.A.R.S.) Upon a successful and mature Stage I, we deploy and direct the strength in numbers from a mature Stage I environment toward a new, more advanced peer-to-peer business systems called the Gradual Entrepreneurial Allocated Resource System (G.E.A.R.S.). G.E.A.R.S. integrates new funding resources into the online peer-to-peer business production environment. It will super charge peer to peer interactions and interest to the point where thousands will see exciting and viable entrepreneurial outlets leading way from the limitations of traditional jobs. In other words, since traditional banks, financial institutions and venture capitalist have stifled entrepreneurial initiative for so long with all of their credit, collateral and successful business history requirements, G.E.A.R.S. will be a breath of fresh air as thousands, eventually millions of aspiring entrepreneurs will be able to bypass all of these stumbling blocks for the first time;
Stage III (Main Operations): The Virtual Income Machines (Virtual Wages, Virtual Dividends, Virtual Bonds and Virtual Stocks): The virtual income machines represent the final building blocks required to aggressively and systematically conduct the Income Reengineering Process. Upon a successful and mature Stage II, we launch the next level of advancement where we leverage the strength of numbers from a mature Stage II toward new, more advanced peer-to-peer business systems called the virtual income machines (VIM). The VIMs are large scale, innovative and mainstream wealth building solutions that will be delivered to the general public over the internet. Once in place, any worker/consumer can access the resources made available to paydown bills, buildup savings and generally build a financial foundation leading away from paycheck to paycheck dependence. In fact, when the VIMs come online and matures, they will create an environment where anyone with internet access can easily position themselves financially over time to comfortable say --- WHY WORK FOR A MERE WAGE OR SALARY WHEN I NO LONGER HAVE TO?
Stage IV (Corporate Integration): Corporate internal restructuring and reengineering tied to the installation of the Empowered Employee Compensation Model (EECM) into the mainstream workplace. What happens when a large segment of society can comfortably say WHY WORK FOR A MERE WAGE OR SALARY WHEN I NO LONGER HAVE TO? It will completely change the socio-economic dynamics of society and ultimately result in a new mutually beneficial contract between employees and employers in the workplace. The principles and processes behind Income Reengineering assumes that the new contract will lead to the deployment of the Empowered Employee Compensation Model (EECM) into the mainstream workplace and create the long term, big picture benefits noted below.

As noted above, research comes into play as we evaluate, tweak, field test and make adjustments to the underlying business models as required to expand the project from stage to stage. As it advances, EVERYONE WINS as shown below.

Long Term, Big Picture Benefits

In general, early analysis predicts that a large scale, mass transition from traditional wage and salary based compensation to the Empowered Employee Compensation Model (EECM) will result in a three (3) fold increase in the standard of living across all socio-economic income levels. Take a closer look:

Beneficiaries Benefits Associated with the EECM Compensation Model

EECM Compensation Resources and Philosophy The model:

Primary Income Resources:

Productivity Based Compensation (immediate)
Ownership Equity
Residual Income Equity Benefits

Supplemental Compensation/Benefits:

Wages/salaries (temp to zero)
Virtual Wages
Virtual Dividends
Virtual Bond Distributions
Virtual Stocks
Private Retirement plans
Group Medical

It's called the Empowered Employee Compensation Model (EECM). The model replaces wages and salaries with ten (10) income resources and benefits. The beauty of this system is the fact that, once individuals transition into full time empowered employment, they will still have continuous access to the wealth building systems and resources. This is why you can see the four (4) virtual income machines (virtual wages, virtual dividends, virtual bonds and virtual stocks) serving as foundational supplemental wealth building benefits to the EECM.

Benefits to Employees
The Empowered Employee Compensation Model (EECM) encourages employees to run their own business under the roof of an employer and get the best of both worlds:

The income, ownership, profitability and flexibility associated with running a profitable business;

WITHOUT losing the financial security and guaranteed steady monthly paycheck piece of mind normally associated with a steady job.

Under the EECM, financial security and the guaranteed steady monthly paycheck piece of mind normally associated with steady employment will be provided by the wealth building benefits of the virtual income machines. In general, individuals show for work to build wealth, not just to earn a paycheck to paycheck living.

Benefits to Employers

Employers get a highly productive workplace (ownership motivates productivity) without the traditional payroll expense (typically, 60% of operating expense);

Empowered employees become a source of operating capital as empowered employees use the supplemental wealth benefits to buy an ownership stake in the company;

Employers can use the low overhead to launch a maze of new initiatives, grow new profit centers, compete effectively in the evolving new global marketplace and, most of all, design and package new ownership based, residual income equity and wealth oriented compensation incentives for empowered employees;

Employers can also experience the perfect compromise to radical corporate downsizing and outsourcing trends because employers can cut cost, increase productivity and efficiencies internally without having to outsource just to cut cost;

Employers can tap into EECM financial development resources and secure capital to restructure to an EECM compensation and operating infrastructure.

Benefits to Nation at Large
The Empowered Employee Compensation Model introduces a constantly expanding standard of living increase for the average consumer-workers:

The Empowered Employee Compensation Model encourages people to own their own productive efforts instead of renting it for a hourly wage;

When people own their productive efforts, they are more productive;

When people are more productive, it cost less to produce valuable products and services;

When it cost you less to enjoy quality products and services, then you can save more without degrading your standard of living;

As people save more, additional capital is available for business start-ups and expansions at lower and lower interest rates === creating more work options; and

With more work options, your skills and experience is worth more and your income will increase. ---- and so on;

The bottom line: It creates an every increasing spiral of prosperity for the general public.

In addition, today, the wealthiest 1% of the U.S. population pay over 40% of the taxes. Therefore, taxing 99% of the workforce only accounts for 60% of all taxes collected. If the income of this 99% increases significantly, then tax rates can actually decrease and the U.S treasury will collect even more tax revenue. EVERYONE WINS
.

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Beneficiaries	Benefits Associated with the EECM Compensation Model
EECM Compensation Resources and Philosophy	The model: Primary Income Resources: Productivity Based Compensation (immediate) Ownership Equity Residual Income Equity Benefits Supplemental Compensation/Benefits: Wages/salaries (temp to zero) Virtual Wages Virtual Dividends Virtual Bond Distributions Virtual Stocks Private Retirement plans Group Medical It's called the Empowered Employee Compensation Model (EECM). The model replaces wages and salaries with ten (10) income resources and benefits. The beauty of this system is the fact that, once individuals transition into full time empowered employment, they will still have continuous access to the wealth building systems and resources. This is why you can see the four (4) virtual income machines (virtual wages, virtual dividends, virtual bonds and virtual stocks) serving as foundational supplemental wealth building benefits to the EECM.
Benefits to Employees	The Empowered Employee Compensation Model (EECM) encourages employees to run their own business under the roof of an employer and get the best of both worlds: The income, ownership, profitability and flexibility associated with running a profitable business; WITHOUT losing the financial security and guaranteed steady monthly paycheck piece of mind normally associated with a steady job. Under the EECM, financial security and the guaranteed steady monthly paycheck piece of mind normally associated with steady employment will be provided by the wealth building benefits of the virtual income machines. In general, individuals show for work to build wealth, not just to earn a paycheck to paycheck living.
Benefits to Employers	Employers get a highly productive workplace (ownership motivates productivity) without the traditional payroll expense (typically, 60% of operating expense); Empowered employees become a source of operating capital as empowered employees use the supplemental wealth benefits to buy an ownership stake in the company; Employers can use the low overhead to launch a maze of new initiatives, grow new profit centers, compete effectively in the evolving new global marketplace and, most of all, design and package new ownership based, residual income equity and wealth oriented compensation incentives for empowered employees; Employers can also experience the perfect compromise to radical corporate downsizing and outsourcing trends because employers can cut cost, increase productivity and efficiencies internally without having to outsource just to cut cost; Employers can tap into EECM financial development resources and secure capital to restructure to an EECM compensation and operating infrastructure.
Benefits to Nation at Large	The Empowered Employee Compensation Model introduces a constantly expanding standard of living increase for the average consumer-workers: The Empowered Employee Compensation Model encourages people to own their own productive efforts instead of renting it for a hourly wage; When people own their productive efforts, they are more productive; When people are more productive, it cost less to produce valuable products and services; When it cost you less to enjoy quality products and services, then you can save more without degrading your standard of living; As people save more, additional capital is available for business start-ups and expansions at lower and lower interest rates === creating more work options; and With more work options, your skills and experience is worth more and your income will increase. ---- and so on; The bottom line: It creates an every increasing spiral of prosperity for the general public. In addition, today, the wealthiest 1% of the U.S. population pay over 40% of the taxes. Therefore, taxing 99% of the workforce only accounts for 60% of all taxes collected. If the income of this 99% increases significantly, then tax rates can actually decrease and the U.S treasury will collect even more tax revenue. EVERYONE WINS .