Dan Martell - December 04, 2023


1M-3M is all about building your people.

Hosted by
Dan Martell
The 2 classes of entrepreneurs in this world. You need to communicate your preferences.

Episode Stats


Length

44 seconds

Words per minute

256.68

Word count

192

Sentence count

14


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I talk about the buyback principle and how it can be applied to your business and career. It s a simple and effective strategy that I think a lot of people don t know about.

Transcript

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 after selling my first company and I meet these 23-year-old kids that are running $100 million
00:00:04.520 companies. How do they do that? It's crazy. But when you see them operate, what's absolutely
00:00:09.660 different, they're immediately buying back their time. They're literally building a team underneath
00:00:13.900 them so that they can express their creativity and do the thing that only they can do. The buyback
00:00:18.780 principle starts with that, but then it's like, well, how do I do that when I'm just starting off?
00:00:22.620 Well, you got to look at your calendar. You got to ask yourself, what are the things I'm doing
00:00:25.620 that take my energy, that have the lowest cost to pay somebody else to do. That's the bucket of
00:00:30.380 stuff you should start with hiring. You should never hire somebody to the side or above you.
00:00:34.500 You should always hire things that have the biggest swath of time that can come out of
00:00:38.020 your calendar. And then it's to fill it up. You don't just do nothing.
00:00:41.440 No. And most people wouldn't even know what to do if I gave them a week a day back.
00:00:44.100 Invest in yourself.