Dan Martell - December 04, 2023


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


Episode Stats


Length

44 seconds

Words per minute

256.68448

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).
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.