Dan Martell - August 29, 2024


The Buy Back Principle

Hosted by
Dan Martell
16 hour days won't make you more productive Start by working out

Episode Stats


Length

36 seconds

Words per minute

257.24

Word count

157

Sentence count

9


Summary

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

In this episode, I talk about the "buyback principle" and how you can use it to grow your business. The buyback principle states that you don't hire people to grow the business, you grow it by buying back your time.

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 Take me through the buyback principle, how this works for someone that's never been introduced to it.
00:00:04.540 The buyback principle states you don't hire people to grow your business.
00:00:07.520 You grow your business by buying back your time.
00:00:09.500 Calendar over capacity.
00:00:10.580 And it sounds so subtle, but the mistake to make is to add people to your life that can do what you already do.
00:00:17.140 Because then it costs money and you didn't actually get an ROI.
00:00:20.340 If I was a logo designer and I was overwhelmed, most of them would go hire another logo designer.
00:00:24.020 But what you should do is figure out the other stuff that isn't logo designing.
00:00:27.220 have somebody take that off your plate so that you could do logo design because that's what you
00:00:31.140 get paid the most money if i buy back my time then i can go do the thing that is the bottleneck
00:00:35.680 of why i'm not growing