The Simple Way to do Less of What You Hate & Earn More Money
Episode Description:
In this episode of The Money Podcast, Rob provides a simple but effective strategy for ensuring that you’re spending more time doing the things you love and are good at while also making sure the tasks that need to get done are taken care of, whether it’s by a partner, outsourcer, staff member or assistant. Rob also emphasizes the importance of accountability and a clear understanding of job roles. Finally, he advises that it’s important to keep a healthy separation between your business and the rest of your life, even (especially) if your business partner is also your life partner.
Key Takeaways:
Effective strategies for leveraging, outsourcing, and delegating to get things done and avoid wasted time and unaccounted for work are often much simpler than you think. Get two sheets of paper and on the first one, write down everything in your business that needs to get done, from the top down. Separate the second sheet into two sections, “me” and “not me,” where “not me” can mean your business partner, assistant, outsourcer, etc. Take the big, general list of tasks and move the ones into the “me” column that: Are things you love to do Are things that make the most money in the shortest Are key result areas for your business Are things you have to do because of the massive benefit they have on your business and there’s no one else who can do them. This is even more useful if you have a business partner. Instead of both of you avoiding tasks neither of you wants to do and getting in each other’s way and creating more problems by both of you trying to do the same things, create that same task list with separate columns and negotiate and figure out exactly who is responsible for what task. This creates accountability and a template to refer back to when clarity is needed. This is more useful still if your business partner is also your life partner. It creates a clear and obvious line that separates your business life from your love life and keeps your life with your partner from becoming overwhelmed by the business. It’s important to have solid lines and limitations that separate your business life from your non-working life, in general. Being social and close with your regular business partner is good, but you need a break from each other too, just to detox and keep from being too much in each other’s lives.
Best Moments:
“Sometimes the most simple strategies are the most effective.”
“No two tasks have the same output. You could spend three hours on a piece of admin or you can spend five minutes on the phone doing a deal worth ten thousand or a hundred thousand pounds.”
“It’s not about time or energy. It’s about smarts, and decisions, and leverage!”
“Your life partnership is more important than your business partnership because if the life partnership goes, the business partnership is probably gone.”
Valuable Resources:
The Disruptive Entrepreneur Podcast - https://itunes.apple.com/gb/podcast/the-disruptive-entrepreneur/id1076679649?mt=2
Money: Know More, Make More, Give More -
About the Host:
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything”
Contact Rob:
Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn - https://uk.linkedin.com/in/robmoore1979
