Dan Martell - September 23, 2024


Don't hire people and do their job


Episode Stats


Length

38 seconds

Words per minute

236.71751

Word count

150

Sentence count

8


Summary

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

I teach this framework, the buyback principle, on how to look at your time and where you can actually buy it for very cheap. The challenge most people do is they buy it back, but it doesn t stay sold. Once you give somebody the task, let them own it. If it's like cleaning the bathroom, don't clean the bathroom. You jumping back in to do the work is not gonna teach them anything and it will not get your time back.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 I teach this framework, the buyback principle,
00:00:02.120 on how to look at your time
00:00:03.380 and where you can actually buy it for very cheap.
00:00:05.980 The challenge most people do is they buy it back,
00:00:08.420 but it doesn't stay sold.
00:00:09.600 They like hire people, contractors full-time,
00:00:12.060 sitting there with the person doing the work
00:00:14.480 instead of letting the person do the work.
00:00:16.320 Once you give somebody the task, let them own it.
00:00:19.620 If it's like cleaning the bathroom,
00:00:21.120 don't clean the bathroom.
00:00:22.360 You jumping back in to do the work
00:00:24.160 is not gonna teach them anything
00:00:25.800 and it's not gonna get your time back.
00:00:27.760 So if you keep jumping in every time there's a fire,
00:00:30.000 then where did you get the extra leverage?
00:00:32.420 Where are you actually going to redeploy that hour
00:00:34.580 to something that's going to make you more money?
00:00:36.220 Buy back the time.
00:00:37.180 It's got to stay sold.