Time is (NOT) money.
Time is worth so much more…..
I was that busy-ness guy. The 80-90 hrs per week, the 260 days of travel, neglecting relationships, caught-up in the day-to-day panic stations of a business – That guy.
But I found a way to #breakfree, to have my #cake and eat it too.
So can you!
** Warning what you see here may change your business life – forever…**
Transcript
00:00
“Time is money!” It’s an old saying but does it still hold true today? I’d say no!
00:06
I mean I think there was a time when maybe it was true there was a time when we
00:11
weren’t connected 24/7 through our smartphones we didn’t have laptops to
00:15
take our home with us in those times where people worked you know 8:00 to
00:20
4:00 maybe it was true, but in this day and age it’s just not true anymore.
00:27
Time is so much more valuable than Money!
00:31
It’s really really important I think to think about that and you know I know
00:38
this firsthand I started a business a number of years ago and you
00:44
know I was working 80 to 100 hours a week
00:46
and I was on the road traveling I was traveling 260 days a year I was missing
00:54
seeing my family grow up it was really hurting my relationship with my wife I
01:00
was neglecting friends and family really and I wasn’t doing it because I loved it
01:06
I mean of course I I was driven and I enjoyed the business and I had loved
01:10
growing it and doing those things, but I was really working those long
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hours because I didn’t know any other way and I was sort of stuck I was you
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know always running from client meetings and sales meetings to fighting fires
01:26
with staff you know operational issues dealing with those. Just day-to-day
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thinks constantly coming up and you know taking up a lot of time and I and I
01:37
we had staff, good staff, and you know they wouldn’t be able to get things done the
01:42
way I expected. For a long time I thought you know this is because the
01:48
staff I’m wrong you know it’s difficult to get good staff and all these things
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and then I dawned on me that it’s not them it’s me! That the
02:00
problem is I don’t have a framework to manage
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I came from accounting background have a lot of technical
02:07
knowledge and but I didn’t really have the the framework and
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knowledge to manage these things appropriately so when I when I realized
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that I set about changing that. I developed a framework for management
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that has become extremely effectively and I’ve actually been able to sell this
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framework into very large operations and I’ve just recently adjusted this
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framework to be able to sell it to medium-sized and small businesses at a
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much more reasonable rate in ways so they can get access to it as well and
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really there was sort of three key things that I had to change in order to
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achieve this and to achieve what I call financial peak performance which is a
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way of teaching your business to manage itself. The first thing that I had to
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do is I had to ignore the old way of managing people. Your typical
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way of managing people is to you know give them instructions here’s how you do
03:07
something go and do this like this and instead really pull back and think
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about the WHY rather than how you do it, why you do it and give them some
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parameters around what needs to be achieved and then let them work out the
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how and you know the funny thing is they actually came up with better ways of
03:25
doing it anyway so it was a huge benefit there. The other piece really is around
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measuring your business understanding business so I sort of just I just got
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rid of the old way of measuring a business. Sales, Profit, monthly reporting and
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instead I switched it to what I call Ultimate Customer Values. Which is a way
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to really focus on your business from a customer point of view and understand
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your business from a customer point of view, this is great because
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it adds more value to your customers which then in turn adds value to you business.
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Then the last thing I did is I developed short interval feedback sessions and
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what these are really a process for your staff to be able to come up with ideas
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to problem-solving and make it decisions on their own so that you see you don’t
04:15
have to be involved in everything and this was a massive game changer!
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This allowed me to step away from business and really allowed the businesses
04:23
start managing itself. Now I’m still involved of course but the staff have
04:27
taken on you know they took on much more of the day-to-day activities they took
04:31
on a lot more of those they took ownership of them and that allowed me to
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step back and look on those bigger things you know work on where the
04:39
business is going work on managing those bigger items, to make any problem solving
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ideas they came with work and you know at the end of all of that I think
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so for example today I’ve been heavily an hour of clarity session.
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Three, four years ago this would be impossible I just couldn’t get away and
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take an hour out to sit down and just think about the business and I think it’s
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totally totally critical for you to grow and to really improve so you know these days
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I like work less hours, I make more money and the business ticks along without me
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which is which is exactly what I was aiming for my business I started a
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business to flexibility to have more time with my family to have choices and
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you know it didn’t work out that way because I had less choice I had all
05:27
of these things going on until I built this framework and so now the framework
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is in I have those choices now, I can make those choices.
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You can do the same, anyone can do the same in their business, you just need to make
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sure that you focus on those key three things and remember it’s not a “magic formula”.
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You need to take some time and you need to take some effort but you can do it.
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Get a methodology, use a methodology if you want more information about my
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Financial Peak Performance methodology then reach out, but you can use
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a different methodology. Just get in there and get it done.
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Focus the energy and the time and get it done!