Dan Martell - May 03, 2023


The controversial part of buying back your time. @seanTHiNKs


Episode Stats


Length

37 seconds

Words per minute

242.55319

Word count

152

Sentence count

10


Summary

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

In this episode, I talk about the "Buyback principle" and why you don't hire people to grow your business, you hire them to buy back your time. What is the best use of your time?

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 what is the buyback principle? The buyback principle states this, and this is the controversial thing
00:00:04.140 is we don't hire people to grow our business. We hire people to buy back our time. One of my
00:00:07.840 friends in construction, he was overwhelmed. I identified that he spent two days a week running
00:00:12.400 around site to site. And I'm like, dude, that's called a runner. That's a person you can hire
00:00:16.380 part-time, a kid. And while they're doing that, you could be on calls with potential new customers,
00:00:21.840 hiring better team members, training your team. Sometimes we just get addicted to the
00:00:26.260 activity. It's like email. Is that really the best use of your time? No, but at least I know
00:00:30.680 that when I wake up, if I just like follow it, I'll feel productive, but it's a false
00:00:34.340 sense of productivity because it actually doesn't move your goals and dreams forward.