Here’s how young CEOs buyback their time
Episode Stats
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254.19354
Summary
In this episode, I talk about the buyback principle and how it applies to every area of your life. I think a lot of people don't have the time to do the things they want to do, so how do you buy back your time?
Transcript
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I moved to San Francisco 2008 after selling my first company, and I meet these like 23-year-old
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kids that are running $100 million companies. How do they do that? But when you see them operate,
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what's absolutely different, they're immediately buying back their time. They're literally building
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a team underneath them so that they can express their creativity and do the thing that only they
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can do. The buyback principle starts with that, but then it's like, well, how do I do that when
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I'm just starting off? Well, you got to look at your calendar. You got to ask yourself, what are
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the things I'm doing that take my energy, that have the lowest cost to pay somebody else to do.
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That's the bucket of stuff you should start with hiring. You should never hire somebody to the
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side or above you. You should always hire things that have the biggest swath of time that can come
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out of your calendar. And then it's to fill it up. You don't just do nothing. No. And most people
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wouldn't even know what to do if I gave them a week a day back. Invest in yourself.