Buy Your Time Back ASAP
Summary
- When I hire someone, like when I brought in Neil, it's because I can't manage everything alone. I knew Neil managing the portfolio would free me up to grow it more.
- It's important to think about how you can use the time you free up to make more money. This means you'll justify the cost of the people you hire.
- Profit comes in waves. Some quarters will be more profitable, while others require more investment.
- It might take a quarter or two to see the benefits from your investments. Be patient; hiring someone won't show results in just three weeks. It can take up to six months.
- Be clear on what you'll do with the time you get back after hiring someone. Use it to create more value and income.
Video
How To Take Action
Implementing Key Strategies for Personal Growth and Business Success
I would suggest implementing these concepts to manage your time effectively and grow your business. Start by determining the tasks you can hire someone else to handle so you can focus on higher-value activities. For example, if you're an entrepreneur, hire a part-time assistant to manage daily administrative tasks. This will free up your time to focus on strategic planning or business development.
Action Steps:
Identify High-Value Activities:
- List the tasks only you can do, like meeting with clients or strategic planning.
- Delegate low-value tasks, such as managing emails or scheduling, to someone affordable.
- Consider hiring freelancers or part-time workers for specific tasks.
- Look for people who can manage the day-to-day operations.
Plan Your Freed-Up Time:
- Be clear on how you will use the time saved. For example, if you save 10 hours a week, plan to use those hours to create new products or services.
Be Patient:
- Understand that the results from hiring someone won't show immediately. Be patient and allow up to six months to see the benefits.
Monitor and Adjust:
- Track how the changes impact your productivity and profitability.
- Be ready to adjust your strategy based on what's working and what's not.
Balance Profit and Investment:
- Recognize that profit comes in waves. Use high-profit periods to invest in new hires or growth initiatives.
Implement these steps to manage your time better and grow your business or personal initiatives more effectively. These strategies are low-cost and high-value, making them perfect for small businesses or individuals focused on personal growth.
Full Transcript
so if I'm hiring somebody to do something right I bring in Neil I brought in Neil because I was like dude I cannot manage the day-to-day of the portfolio I could be growing the portfolio if I wasn't managing the portfolio you see what I'm saying I know that this will free me up so it's really when you two free yourselves up what do you create so that you can go make more money with that time that's how I think about it this is what I'm going to do now that's going to make more money it'll justify all these people I desired profit comes in waves you know what I mean like you're going to have certain quarters where you're much more profitable and then you'll have other quarters that are heavier of investment a quarter to two quarters later you'll reap the benefits of that investment it's not like you hire somebody and then like 3 weeks later it'll take like 6 months you know so just be okay with that be very clear on what you're going to do each of you with the time you get back from hiring these people to go create more
