Latest / Millennial Masters / Every tiny decision is costing you 🔋 Barry Cryan
Transcript
- 0:00SPEAKER_00: In business, we look to be clean, we look to be efficient, we look to cut costs.
- 0:03SPEAKER_00: But actually,
- 0:04SPEAKER_00: there's one tax that is hidden and doesn't show up on any balance,
- 0:08SPEAKER_00: which is the cost.
- 0:10SPEAKER_00: Every time we have to sit down and decide what comes next, a cost of 11 to 24 minutes.
- 0:14SPEAKER_00: Every time we get distracted,
- 0:15SPEAKER_00: every time we switch tasks,
- 0:16SPEAKER_00: every time we get interrupted, there's a massive hidden tax there.
- 0:19SPEAKER_01: What got us here won't get us there,
- 0:21SPEAKER_01: because that's the point we start to plateau, we start to become a bottleneck.
- 0:25SPEAKER_00: What can alleviate that?
- 0:26SPEAKER_00: Well, it's hired more people and it's maybe working longer hours.
- 0:30SPEAKER_00: That's where Systems comes in because Systems allows us to tap
- 0:33SPEAKER_00: into those next levels without just having to work longer or work harder.
- 0:36SPEAKER_00: But for me, the root cause, it's all those micro decisions stacking up.
- 0:40SPEAKER_00: We all have a certain zone of genius and it's a struggle sometimes for people to get
- 0:43SPEAKER_00: as much time as they need within that zone.
- 0:45SPEAKER_00: So AI operators, it'll help them within the hours available.
- 0:49SPEAKER_00: They can work through things faster, which can give them some extra time back.
- 0:52SPEAKER_00: But it's the builders really that are going to be the ones That get
- 0:56SPEAKER_00: a massive competitive advantage over their rifle down the road or their marketplace.
- 1:01SPEAKER_00: Because they can have systems that work in the background that allows them
- 1:05SPEAKER_00: to step back so they can spend their time and energy in their zone.
- 1:09SPEAKER_00: And for me,
- 1:09SPEAKER_00: that's what This week's Millennial
- 1:12SPEAKER_01: Master is Barry Kryan,
- 1:13SPEAKER_01: who helps business owners stop work and decisions constantly flowing back to them.
- 1:19SPEAKER_01: Barry calls it the invisible tax.
- 1:21SPEAKER_01: Every interruption or quick question chips away at your attention.
- 1:25SPEAKER_01: Barry, welcome to Millennial Masters.
- 1:27SPEAKER_01: Where are you joining us from today?
- 1:29SPEAKER_01: Thanks, Daniel.
- 1:29SPEAKER_01: Great to be here.
- 1:30SPEAKER_01: I'm coming from Sligo here in the northwest of Ireland.
- 1:51SPEAKER_01: Okay, so we're relatively close compared to the interviews last week.
- 1:57SPEAKER_01: But I want to get straight into it because this one's going to be
- 2:00SPEAKER_01: a really interesting conversation.
- 2:02SPEAKER_01: I've written recently about the one-person business and how
- 2:06SPEAKER_01: So this is getting closer and closer thanks to AI and the developments in that.
- 2:12SPEAKER_01: But also you've got this distinction between AI operators and AI builders.
- 2:19SPEAKER_01: So I'm hoping you can explain that before we dig in.
- 2:23SPEAKER_00: When it comes to AI, I like to look at it within almost a couple of planes, a vision.
- 2:27SPEAKER_00: And AI operators are where most of us are at in terms of we're using AI
- 2:33SPEAKER_00: to basically help us maybe move through our day faster in terms of maybe responses
- 2:38SPEAKER_00: to emails,
- 2:39SPEAKER_00: helping us work through stuff, maybe building out maybe presentations or reports.
- 2:44SPEAKER_00: But it's essentially speed token.
- 2:46SPEAKER_00: It's helping us to get to an outcome faster.
- 2:48SPEAKER_00: Where the AI builders really are...
- 2:51SPEAKER_00: It kind of allows us to step back out of the equation
- 2:54SPEAKER_01: a little bit.
- 2:54SPEAKER_00: AI builders are almost like the systems that will build the outcomes for you
- 2:59SPEAKER_00: in terms of automation.
- 3:01SPEAKER_00: One of the most important areas for me and people I work with is the Arizona Genius.
- 3:07SPEAKER_00: We all have a certain Arizona Genius and it's a struggle sometimes for people to get
- 3:10SPEAKER_00: as much time as they need within that Arizona Genius.
- 3:15SPEAKER_00: AI operators will, it'll help them within the hours they're available.
- 3:19SPEAKER_00: You can obviously work through things faster, which could give them some extra time back.
- 3:23SPEAKER_00: But it's the builders really that are going to be the ones that are Get
- 3:27SPEAKER_00: a massive competitive advantage over their rival down the road or their marketplace
- 3:33SPEAKER_00: in general.
- 3:33SPEAKER_00: Because what they can do is they can have systems essentially that work in
- 3:37SPEAKER_00: the background that allows them to step back out of stuff.
- 3:40SPEAKER_00: It could be invoice and it could be admin.
- 3:42SPEAKER_00: It allows them to step back out of that so they can spend their time
- 3:45SPEAKER_00: and energy essentially in their zone.
- 3:47SPEAKER_00: And for me, that's what AI is all about.
- 3:50SPEAKER_00: It's having the tools and it's building processes,
- 3:53SPEAKER_00: systems,
- 3:54SPEAKER_00: automations in place to allow the leaders and business owners
- 3:58SPEAKER_00: to actually step back more and more and to take that reclaim capacity to spend it
- 4:03SPEAKER_00: in their own needs.
- 4:03SPEAKER_00: Not just to help them work through paperwork faster.
- 4:07SPEAKER_00: Okay, it's essentially release them from that stuff.
- 4:09SPEAKER_00: But in a lot of cases, they don't maybe really enjoy doing anyway.
- 4:12SPEAKER_01: Well, in any business,
- 4:14SPEAKER_01: the founder will have to do things that they don't enjoy and hopefully a lot of
- 4:19SPEAKER_01: the stuff that they enjoy.
- 4:21SPEAKER_01: So you made this distinction now.
- 4:23SPEAKER_01: So we know the AI operator is the one who basically uses ChatGPT or Claude to do
- 4:27SPEAKER_01: the same thing faster.
- 4:29SPEAKER_01: Is there a way that feels productive?
- 4:31SPEAKER_01: You think I'm going to use AI to respond to my email, but actually changes nothing underneath?
- 4:36SPEAKER_01: Because,
- 4:36SPEAKER_01: for example,
- 4:37SPEAKER_01: if I would use it in writing or to respond to my emails,
- 4:40SPEAKER_01: I still have to do the same checking.
- 4:42SPEAKER_01: I still have to make sure that it's on track with what I need it to say.
- 4:47SPEAKER_01: And sometimes I spend just as much time as if I would be doing it myself altogether from A to Z.
- 4:54SPEAKER_01: Is that a trap?
- 4:56SPEAKER_00: Yes, I think it is.
- 4:58SPEAKER_00: And what can happen is we throw more against the wall and hope something sticks
- 5:03SPEAKER_00: in terms of the tools we're using.
- 5:05SPEAKER_00: When it comes to these tools, there's so many tools out there.
- 5:07SPEAKER_00: There's so many things we can do.
- 5:08SPEAKER_00: Everyone's on about Claude and ChatGPT and all the rest,
- 5:12SPEAKER_00: but actually Is what you do the most effective route to the outcome
- 5:16SPEAKER_00: that you're essentially after?
- 5:17SPEAKER_00: Okay, say emails as an example.
- 5:19SPEAKER_00: There's a certain outcome that you want when it comes to those emails.
- 5:23SPEAKER_00: Okay, it's obviously replied to that person faster.
- 5:25SPEAKER_00: You want to have it in your style, your voice.
- 5:29SPEAKER_00: You don't want to spend ages having to maybe go back over it or redo it because it's not right.
- 5:34SPEAKER_00: So it's having the right tools for the job,
- 5:37SPEAKER_00: but using it in the right way for you and what your outcomes are.
- 5:40SPEAKER_00: That's where I'd always start, people.
- 5:42SPEAKER_00: I don't start based on, okay,
- 5:43SPEAKER_00: you know what,
- 5:44SPEAKER_00: it'd be great if we could work through our emails faster,
- 5:46SPEAKER_00: if we didn't have to do our emails or whatever it might be.
- 5:49SPEAKER_00: Where I'd always start was at the end in mind, okay,
- 5:52SPEAKER_00: let's see how you want things to run,
- 5:54SPEAKER_00: look and feel within your days, within your business.
- 5:56SPEAKER_00: Many hours you want to work,
- 5:57SPEAKER_00: revenue, What I'd hope to be doing is reverse engineering back from that point.
- 6:02SPEAKER_00: And then for me, it's the systems or the vehicle that will help you get there.
- 6:06SPEAKER_00: It could be ChatGPT, it could be Claude, or it might be a combination of things.
- 6:10SPEAKER_00: But I'd always start with the end in mind to come back from that point,
- 6:13SPEAKER_00: because that's going to be your most effective solution to the outcome that you're
- 6:16SPEAKER_00: after, rather than doing maybe what the guy down the street is doing.
- 6:20SPEAKER_01: So what's one example where AI would actually remove the work that you would have
- 6:25SPEAKER_01: to do as a founder rather than just making it quicker?
- 6:28SPEAKER_00: Well, I think there's never been a better time to be alive in terms of business right now.
- 6:35SPEAKER_00: So what are the kind of things that AI could do that means that we're not in the weeds?
- 6:41SPEAKER_00: Well, for example,
- 6:42SPEAKER_00: I suppose I'm on my own best example,
- 6:44SPEAKER_00: content generation,
- 6:46SPEAKER_00: So I spent a huge amount of time, like, coming up with content, generating ideas.
- 6:52SPEAKER_00: But now I've built,
- 6:53SPEAKER_00: using AI,
- 6:54SPEAKER_00: a content idea generation machine,
- 6:56SPEAKER_00: where again, it's Reverse back from the outcome that I want.
- 6:59SPEAKER_00: Okay.
- 6:59SPEAKER_00: And how do I take myself out of the equation?
- 7:01SPEAKER_00: Well,
- 7:01SPEAKER_00: I have a machine now that will actually take my calls with people I speak to on
- 7:07SPEAKER_00: a daily, weekly and monthly basis.
- 7:09SPEAKER_00: It could be clients.
- 7:10SPEAKER_00: It could be people that need help or a certain area.
- 7:12SPEAKER_00: And what it does is it'll scan those calls for ideas.
- 7:16SPEAKER_00: Okay.
- 7:16SPEAKER_00: It could be like
- 7:41SPEAKER_00: Reoccurring schedule with a video editor.
- 7:44SPEAKER_00: And all I'm doing then is to sit down and he's like uploading this.
- 7:48SPEAKER_00: I'm talking through it.
- 7:49SPEAKER_00: That used to form a huge part of my weeks and ultimately my months.
- 7:52SPEAKER_00: Content, it could be LinkedIn, it could be video, it could be edited.
- 7:55SPEAKER_00: But now there's a full bank of content that I can just talk through.
- 8:00SPEAKER_00: Even when it comes to maybe LinkedIn or other things,
- 8:03SPEAKER_00: it'll actually take that content, it'll actually schedule it for me.
- 8:06SPEAKER_00: So again,
- 8:07SPEAKER_00: it's taken me out of the equation,
- 8:08SPEAKER_00: it's taken somebody else out of the equation because it was a VA that used
- 8:12SPEAKER_00: to actually do it for me.
- 8:13SPEAKER_00: Now AI allows me to actually completely step back out of that and allows me
- 8:17SPEAKER_00: to spend my time providing that value to people in terms of,
- 8:20SPEAKER_00: okay, sitting down and recording the videos.
- 8:22SPEAKER_01: AI can actually do
- 8:23SPEAKER_00: that right now as well.
- 8:25SPEAKER_00: I'm still not just comfortable with that in terms of AI clones and all the rest.
- 8:28SPEAKER_00: I still prefer to record my own stuff.
- 8:30SPEAKER_00: So that will be definitely my part of the equation.
- 8:33SPEAKER_00: That'll be keeping it for another little while.
- 8:35SPEAKER_01: One of the things that I know you talk a lot about,
- 8:39SPEAKER_01: Barry, So when I often sit down with people's
- 9:04SPEAKER_00: One of the first things is I'm almost scanning for the number
- 9:06SPEAKER_00: of micro decisions they're making across a day, across a typical week.
- 9:10SPEAKER_00: What I've been finding with a lot of those types of business owners,
- 9:13SPEAKER_00: way too many micro decisions that they have to make to create a specific outcome.
- 9:16SPEAKER_00: Everything becomes a micro decision, what to do, how to do it, when to do it.
- 9:20SPEAKER_00: And what happens is that's the ultimate bottleneck in the business
- 9:23SPEAKER_00: because there's only so many decisions we can actually make and get right
- 9:26SPEAKER_00: for ourselves, for our team.
- 9:29SPEAKER_00: Because what that does is the business grows and gets more complex.
- 9:32SPEAKER_00: The number of micro decisions stack and gets more complex.
- 9:35SPEAKER_00: Maybe we add people, maybe we have new processes, new products.
- 9:38SPEAKER_00: What happens is if systems don't scale at the same pace,
- 9:42SPEAKER_00: all those additional micro decisions end up just right back to you.
- 9:45SPEAKER_00: That's what sucks us into the business.
- 9:47SPEAKER_00: That's what keeps us working longer hours.
- 9:49SPEAKER_00: And that's essentially what actually costs us within the business because there's
- 9:52SPEAKER_00: a point when what got us here won't get us there.
- 9:55SPEAKER_00: Because essentially that's the point.
- 9:56SPEAKER_00: We start to plateau.
- 9:57SPEAKER_00: We start to become the bottleneck.
- 9:59SPEAKER_00: What can alleviate that?
- 10:00SPEAKER_00: Well, it's hired more people and it's maybe working longer hours.
- 10:05SPEAKER_00: That's where systems comes in because systems allows us to tap
- 10:08SPEAKER_00: into those next levels without just having to work longer or work harder in order
- 10:11SPEAKER_00: to do it.
- 10:12SPEAKER_00: But for me, the root cause, it's all those micro decisions stacking up.
- 10:16SPEAKER_00: And that's what we want to alleviate, just using better systems.
- 10:20SPEAKER_01: So you call this the invisible tax, right?
- 10:24SPEAKER_01: What is that tax in real terms besides the more time spent into a business?
- 10:29SPEAKER_01: You said, you talked about this plateau.
- 10:31SPEAKER_01: Does that mean that you can only service so many customers or you can only reach so many people?
- 10:39SPEAKER_00: All of those things and many more.
- 10:41SPEAKER_00: But that's a great question.
- 10:42SPEAKER_00: Yeah, it's something I like to call the invisible tax.
- 10:45SPEAKER_00: In business, we look to be lean, we look to be efficient, we look to maybe cut costs.
- 10:49SPEAKER_00: But actually, there's one tax that is hidden and doesn't show up on a balance sheet or a report.
- 10:56SPEAKER_00: And it's going back to those micro decisions,
- 10:57SPEAKER_00: like every time we have to sit down and decide what comes next,
- 11:00SPEAKER_00: a cost of 11 to 24 minutes.
- 11:02SPEAKER_00: Every time we get distracted,
- 11:03SPEAKER_00: every time we switch tasks, every time we get interrupted, 11 to 24 minutes.
- 11:08SPEAKER_00: So there's a massive hidden tax there.
- 11:10SPEAKER_00: 11 to 24 minutes.
- 11:11SPEAKER_00: If you think even that happens three times a day, which for many of us, it's more than that.
- 11:15SPEAKER_00: That's up to an hour a day.
- 11:17SPEAKER_00: It's five hours a week.
- 11:18SPEAKER_00: That's five working weeks of time a year.
- 11:20SPEAKER_00: Now, I'll give you an example of sitting down with a guy you work with.
- 11:24SPEAKER_00: And we looked at what his hourly rate has worked.
- 11:27SPEAKER_00: We calculated basically his turnover divided by 2,000,
- 11:30SPEAKER_00: which is roughly 40 hours a week, you could say.
- 11:33SPEAKER_00: His hourly rate was about 2,500 euro an hour.
- 11:36SPEAKER_00: And we showed him actually the kind cost associated with losing all that time from
- 11:43SPEAKER_00: that hidden tax.
- 11:44SPEAKER_00: It was costing them easily over 100k, conservatively over 100k a year alone, just him.
- 11:52SPEAKER_00: Actually,
- 11:52SPEAKER_00: if he was able to redirect some of that reclaimed capacity and actually put it back
- 11:57SPEAKER_00: into working on specific areas within the business,
- 11:59SPEAKER_00: actually that 100k could be working much, much more actually to him in the business.
- 12:03SPEAKER_00: So there's a massive cost we're paying there.
- 12:06SPEAKER_00: There's an opportunity cost as well.
- 12:07SPEAKER_00: You touched on it there.
- 12:09SPEAKER_00: We're paying that tax over and over again.
- 12:11SPEAKER_00: There's an opportunity cost with the things that we're not getting to,
- 12:14SPEAKER_00: things that we want to do, the things that we're just having time for right now.
- 12:17SPEAKER_00: It could be business,
- 12:18SPEAKER_00: it could be new products,
- 12:19SPEAKER_00: it could be maybe working on the business,
- 12:22SPEAKER_00: it could be spending time at home with the kids and so on and so forth.
- 12:25SPEAKER_00: So we're paying a massive tax there.
- 12:28SPEAKER_00: And again, What's the root cause?
- 12:30SPEAKER_00: It's micro decisions.
- 12:31SPEAKER_00: When it comes to your team,
- 12:32SPEAKER_00: when it comes to stuff routing back to you, deciding what to do, when to do it.
- 12:35SPEAKER_00: And then we have to manage all the other stuff in our life.
- 12:38SPEAKER_00: The email that pops in,
- 12:39SPEAKER_00: the WhatsApp, the urgent thing, the client that needs something at the last minute.
- 12:43SPEAKER_00: What happens is all those things stack up in our day.
- 12:45SPEAKER_00: That is the tax we pay.
- 12:47SPEAKER_00: Some people are like, you know what, it's not that bad for me.
- 12:49SPEAKER_00: Even 15 minutes a day lost is an hour a week.
- 12:53SPEAKER_00: It's one working week at time a year.
- 12:54SPEAKER_00: Now someone said, here's one working week at time now.
- 12:57SPEAKER_00: You go and work on business for that week.
- 12:59SPEAKER_00: What could we, what could we all do?
- 13:01SPEAKER_00: It's massive.
- 13:02SPEAKER_00: Our time is our money.
- 13:03SPEAKER_00: And we don't realize it was only when I calculated that for that guy,
- 13:06SPEAKER_00: he was like, oh my God, I didn't, I had no clue.
- 13:10SPEAKER_00: This is what we're losing.
- 13:11SPEAKER_00: And this is actually where I'm spending most of my time in the business.
- 13:15SPEAKER_00: And that was his light bulb moment to actually buy in, actually start changing things.
- 13:20SPEAKER_01: So what's the kind of tiny decisions,
- 13:22SPEAKER_01: these micro decisions that a lot of business owners ignore
- 13:26SPEAKER_01: because they feel too small to matter, but they add up in a day?
- 13:32SPEAKER_00: Well, it could be everything and anything big and small.
- 13:34SPEAKER_00: Everything you have to make decisions.
- 13:35SPEAKER_00: So it's the email pops in.
- 13:36SPEAKER_00: Do I respond to it now?
- 13:37SPEAKER_00: Do I delegate it?
- 13:39SPEAKER_00: Will I just leave it and I'll come back to it later?
- 13:41SPEAKER_00: Or will I action it?
- 13:42SPEAKER_00: Or...
- 13:43SPEAKER_00: What will I do?
- 13:44SPEAKER_00: Okay, now there's a call coming in.
- 13:45SPEAKER_00: I'm in the middle of something.
- 13:47SPEAKER_00: Will I answer it now?
- 13:48SPEAKER_00: Will I come back to it?
- 13:49SPEAKER_00: What's the person looking for?
- 13:50SPEAKER_00: How long are we going to be on?
- 13:52SPEAKER_00: Every single small thing massively adds up.
- 13:56SPEAKER_00: It's not even all the small things.
- 13:57SPEAKER_00: It could be bigger decisions.
- 13:58SPEAKER_00: Your team needs answers for this, that, the other.
- 14:01SPEAKER_00: They're coming to you.
- 14:01SPEAKER_00: They're interrupting you during your day.
- 14:03SPEAKER_00: There's essentially too much routing back to you in one shape or form.
- 14:07SPEAKER_00: Even when it comes to your team, they don't have maybe decision-making frameworks.
- 14:11SPEAKER_00: Maybe they don't have systems themselves or playbooks that they can follow to create
- 14:15SPEAKER_00: the outcomes.
- 14:16SPEAKER_00: Or maybe they don't essentially trust themselves that they actually have the answers.
- 14:19SPEAKER_00: For example, one of the rules I use with a lot of clients is the 1-3-1 rule.
- 14:24SPEAKER_00: You have a team member coming to you.
- 14:27SPEAKER_00: They're not coming to you with problems anymore.
- 14:28SPEAKER_00: They're coming to you with solutions.
- 14:29SPEAKER_00: So what is the problem?
- 14:31SPEAKER_00: That's a dream.
- 14:31SPEAKER_00: There's three potential options here to solve this problem.
- 14:34SPEAKER_00: And there's that one problem.
- 14:35SPEAKER_00: Out of those three, what's the one thing you think actually we need to do here?
- 14:39SPEAKER_00: That's a tool in the toolbox that reduces micro decisions.
- 14:42SPEAKER_00: But guess what?
- 14:43SPEAKER_00: When people get used to actually doing,
- 14:45SPEAKER_00: let's say the likes of that,
- 14:46SPEAKER_00: people build a certain confidence in themselves
- 14:49SPEAKER_00: and actually they realize they actually have the answers.
- 14:51SPEAKER_00: So now what we have is a process where people come back to you just a bit less
- 14:56SPEAKER_00: and less and less because that muscle for them is growing and getting stronger.
- 14:59SPEAKER_00: Other example, I've learned a guy who's an engineering company.
- 15:02SPEAKER_00: And his team were just,
- 15:03SPEAKER_00: especially in morning time between 8 am and 11, 11.30,
- 15:08SPEAKER_00: huge amount of people flooding back to him,
- 15:09SPEAKER_00: questions, queries, how do you move this?
- 15:11SPEAKER_00: How do we solve this?
- 15:12SPEAKER_00: There's a problem over here.
- 15:13SPEAKER_00: So we went one simple change to his day.
- 15:16SPEAKER_00: We created two open door slots in his day.
- 15:20SPEAKER_00: Unless there was a fire, nobody could come to him outside of those open door slots.
- 15:23SPEAKER_00: And we framed it as a positive thing in that,
- 15:25SPEAKER_00: we're creating these open door slots for you and the team because I want you coming
- 15:29SPEAKER_00: to me with these issues and questions and queries.
- 15:32SPEAKER_00: But my open door time is between this time,
- 15:35SPEAKER_00: this time in the morning, this time, this time in the afternoon.
- 15:37SPEAKER_00: So what do we do?
- 15:38SPEAKER_00: We funneled all those micro decisions to windows in this day,
- 15:42SPEAKER_00: which actually it was more like instead of 10 queries and questions in the morning,
- 15:46SPEAKER_00: it was one planned interruption with those 10 questions.
- 15:50SPEAKER_00: So now we've reduced 10 micro decisions down to one.
- 15:53SPEAKER_00: We're not, we're taking away that task switch and cost.
- 15:56SPEAKER_00: That invisible tax that we're paying.
- 15:57SPEAKER_00: But actually, when this team comes to them, it's not 10 questions anymore.
- 16:01SPEAKER_00: It's like four, maybe five.
- 16:04SPEAKER_00: It's a fraction of what it is because guess what?
- 16:06SPEAKER_00: People start to solve their problems themselves.
- 16:08SPEAKER_00: So it's the right systems and it's the right tools for both the leaders and
- 16:11SPEAKER_00: the listeners and others.
- 16:13SPEAKER_00: Another massive one is the friction.
- 16:16SPEAKER_00: Tell me about that.
- 16:17SPEAKER_00: Tell me about how it stops you because I can kind of like see myself into it,
- 16:20SPEAKER_00: but I want to break down the mechanics of that.
- 16:32SPEAKER_00: So we have hundreds of options when it comes to, what are we going to do?
- 16:36SPEAKER_00: You know, we've all these big things, maybe the project we haven't quite got to yet.
- 16:40SPEAKER_00: We've got emails, we've got a call, we've got to get back to.
- 16:44SPEAKER_00: When we come in in the morning,
- 16:45SPEAKER_00: there's a huge amount of friction to get started because we have
- 16:48SPEAKER_00: to actually sit down and decide, actually, where do we...
- 16:50SPEAKER_00: So much to do, where do we even start?
- 16:53SPEAKER_00: So you should know what to do at any given day and time,
- 16:56SPEAKER_00: why it matters,
- 16:57SPEAKER_00: and how it connects you to the outcome you want at the end of the day.
- 17:00SPEAKER_00: So one of the things we build in to course create people's plans throughout
- 17:03SPEAKER_00: the week is something called the daily shutdown.
- 17:05SPEAKER_00: One of the key purposes of that is so they are so clear and specific
- 17:09SPEAKER_00: about exactly what that first thing is that they need to nail early in the day,
- 17:13SPEAKER_00: first thing when they sit down, so they can come in and slide into that first
- 17:19SPEAKER_00: What I do is in tandem with that,
- 17:20SPEAKER_00: I have a 90 minute focus block at the start of every day,
- 17:23SPEAKER_00: where they are to work on one or two on the business type tasks.
- 17:28SPEAKER_00: So it's like the eat the fraud concept.
- 17:30SPEAKER_00: They come in and they can slide straight into that task.
- 17:33SPEAKER_00: There's no friction to getting started.
- 17:35SPEAKER_00: So what we do is, like in finance circles, we talk about paying yourself first.
- 17:39SPEAKER_00: What we're doing is we're paying ourselves first with our time of that first 90 minutes.
- 17:42SPEAKER_00: So there isn't a meeting there somewhere.
- 17:44SPEAKER_00: You don't have to decide about whether it gets stuck into emails.
- 17:47SPEAKER_00: It's a 90 minute block in your calendar.
- 17:48SPEAKER_00: We treat it as importantly as if it's a client meeting.
- 17:52SPEAKER_00: They sit down and they just get stuck into it.
- 17:54SPEAKER_00: That takes a huge pile of friction out of the way.
- 17:56SPEAKER_00: Knowing what to do and when to do it,
- 17:58SPEAKER_00: it's a massive thing because there's always more to do than time,
- 18:02SPEAKER_00: no matter how well we're set up.
- 18:03SPEAKER_01: So what would be, say, one of the first practices?
- 18:06SPEAKER_01: The first place I'd always start is we just do an audit.
- 18:10SPEAKER_01: So I built a GPT that will actually track their time over a period of, say, two weeks.
- 18:13SPEAKER_01: Now, for anyone else, it can be as simple as a timer.
- 18:16SPEAKER_01: Every 30 minutes, your timer goes off.
- 18:35SPEAKER_00: You write down what you've done.
- 18:37SPEAKER_00: Time goes off, you write down what you've done.
- 18:39SPEAKER_00: And you stack that over a minimum of a week, but ideally two weeks.
- 18:43SPEAKER_00: Then what you can do is you can rate them all.
- 18:45SPEAKER_00: And a score of one to ten.
- 18:47SPEAKER_00: Ten on the business type task, revenue generator, one, the opposite.
- 18:50SPEAKER_00: And on an energy level.
- 18:52SPEAKER_00: Ten, high energy, really enjoy doing this.
- 18:55SPEAKER_00: One, it drains me.
- 18:56SPEAKER_00: I'd love if I could just give it to someone else.
- 18:58SPEAKER_00: And then what I want people to do is I want them to look back through those tasks.
- 19:02SPEAKER_00: And the first thing is, what are the repeatable type tasks?
- 19:04SPEAKER_00: Okay.
- 19:04SPEAKER_00: Emails is the classic one.
- 19:06SPEAKER_00: Communication type tasks, Whatsapps, getting back to people.
- 19:09SPEAKER_00: What are the other ones?
- 19:10SPEAKER_00: Admin type tasks.
- 19:11SPEAKER_00: Okay.
- 19:12SPEAKER_00: Quotes, invites, and maybe some of that other stuff.
- 19:15SPEAKER_00: But there's repeatable things we do.
- 19:18SPEAKER_00: What's one of the repeatable things I do?
- 19:20SPEAKER_00: Say it's marketing type stuff, social media type stuff.
- 19:23SPEAKER_00: So what we want to do is reduce the amount of steps and the amount
- 19:26SPEAKER_00: of marketing you have to make.
- 19:28SPEAKER_00: So say for me, I put out a new video every day, for example, on Instagram.
- 19:32SPEAKER_00: Okay.
- 19:33SPEAKER_00: I've come up with the idea,
- 19:34SPEAKER_00: build the script, set it up, record it, get it edited, all the rest.
- 19:37SPEAKER_00: There's six, seven different steps there.
- 19:39SPEAKER_00: Six, seven different steps by 30, 30 days in the month.
- 19:42SPEAKER_00: It's like over 200 different actions or micro decisions I have to get right to get the outcome.
- 19:48SPEAKER_00: But instead what I do is I have one block once a month where I batch a lot of that together.
- 19:54SPEAKER_00: So again, I've reduced 210 actions down to about seven actions or micro decisions.
- 19:59SPEAKER_00: So I've taken a whole pile of friction out of my way.
- 20:01SPEAKER_00: So what I do is I build what I call power blocks and that's what I recommend
- 20:04SPEAKER_00: in power blocks where you can batch similar type tasks together into windows
- 20:08SPEAKER_00: where you can reduce the frequency and you're taking out that invisible task
- 20:11SPEAKER_00: of setting up and starting something new every time.
- 20:14SPEAKER_00: One of the simplest,
- 20:15SPEAKER_00: most efficient ways you can do that is think about the communications type stuff
- 20:19SPEAKER_00: in your day.
- 20:20SPEAKER_00: Look at your time, like how much time do you spend on emails, communicate, get back to people.
- 20:24SPEAKER_00: Research shows that most people spend like 3.5 hours on average on emails.
- 20:30SPEAKER_00: I think take out lunch and break, that's like half a day.
- 20:32SPEAKER_00: It's a huge amount of time.
- 20:35SPEAKER_00: But what are we doing?
- 20:36SPEAKER_00: It's an email now,
- 20:37SPEAKER_00: which is another email has popped in and we're dipping in and out
- 20:40SPEAKER_00: of emails constantly throughout the day.
- 20:41SPEAKER_00: So what I'll be saying is batch those into power blocks maybe twice a day.
- 20:45SPEAKER_00: You hit and blast through all your emails,
- 20:47SPEAKER_00: getting back to people,
- 20:48SPEAKER_00: communication type stuff,
- 20:49SPEAKER_00: because you're creating a cleaner runway throughout the other periods of your day.
- 20:54SPEAKER_00: So it's a cleaner runway to get the more important stuff done,
- 20:56SPEAKER_00: but you're actually more efficient at doing the emails and that kind of stuff
- 20:58SPEAKER_00: as well.
- 20:59SPEAKER_00: I do the same for admin.
- 21:01SPEAKER_00: Admin or any of those other repeatable things.
- 21:03SPEAKER_00: And that will become really clear when you can look at that actual log that you've built.
- 21:07SPEAKER_00: So I'll be taking similar type tasks together, blocking them into your calendars, power blocks.
- 21:12SPEAKER_00: And I don't even think about that social media.
- 21:14SPEAKER_00: I don't think about the emails until it comes time for me to do that one thing.
- 21:18SPEAKER_00: It's amazing how much more efficient we can do.
- 21:21SPEAKER_00: What are we also doing?
- 21:22SPEAKER_00: We create more space and capacity in your day now as well because emails and admin
- 21:27SPEAKER_00: and all these other things aren't just a drip,
- 21:28SPEAKER_00: drip, drip, drip, drip through your day.
- 21:30SPEAKER_00: Now they're falling into windows in here, which gives you more capacity and more free space.
- 21:34SPEAKER_01: Because you're big on interruptions,
- 21:36SPEAKER_01: Barry, because you say that when you get interrupted, you lose your focus.
- 21:39SPEAKER_01: When you restart a task, you move in between.
- 21:42SPEAKER_01: And like you said yourself, a new email comes in.
- 21:44SPEAKER_01: Maybe you've done it in that power block hour.
- 21:47SPEAKER_01: But say a client responds to you,
- 21:49SPEAKER_01: are you going to wait until like the next power block or the next morning to respond
- 21:53SPEAKER_01: to that email?
- 21:55SPEAKER_01: How do you tackle that interruption?
- 21:58SPEAKER_00: It's not an interruption to me because notifications are off.
- 22:01SPEAKER_00: Turn them off.
- 22:02SPEAKER_00: Golden rule is my emails are only during doors those times.
- 22:06SPEAKER_00: And if someone has to wait a couple hours or the next day, so be it.
- 22:11SPEAKER_00: If it really is that important, somebody will find a way of getting a hold of us.
- 22:14SPEAKER_00: For example,
- 22:15SPEAKER_00: a guy I was working with,
- 22:16SPEAKER_00: Going back a couple of years,
- 22:17SPEAKER_00: it was only into maybe a month or two of working together.
- 22:21SPEAKER_00: Eventually,
- 22:22SPEAKER_00: he said,
- 22:22SPEAKER_00: actually,
- 22:22SPEAKER_00: the real reason, Barry,
- 22:23SPEAKER_00: I came to you was I lost a contract,
- 22:26SPEAKER_00: worked a million and a half, would have kept my guys in work for over a year.
- 22:30SPEAKER_00: And he said, what was I doing?
- 22:32SPEAKER_00: Emails, I was calling back to everything.
- 22:35SPEAKER_00: And he said, I was doing all these little bitty things.
- 22:38SPEAKER_00: I didn't nail down the one big thing that would have helped us the most.
- 22:41SPEAKER_00: And that's what I see all the time.
- 22:44SPEAKER_00: Our client,
- 22:45SPEAKER_00: our team,
- 22:45SPEAKER_00: they don't thank us for getting all these little busy and always respond back to
- 22:49SPEAKER_00: an email if we don't get the product out the door or shipped or delivered on time.
- 22:54SPEAKER_00: Our team don't have a job in six months.
- 22:56SPEAKER_00: No one thanks us for all the other stuff.
- 22:58SPEAKER_00: So again, it's such a recalibration ourselves.
- 23:01SPEAKER_00: We can look at it as being more selfish for ourselves,
- 23:03SPEAKER_00: but I feel it's being selfless because that's how we can better serve our clients.
- 23:07SPEAKER_00: That's how we can better serve our team around us.
- 23:10SPEAKER_00: And again,
- 23:10SPEAKER_00: it's just sometimes it's calibrate the way we're thinking,
- 23:12SPEAKER_00: just a little shift in mindset because we don't have to be always reactive
- 23:16SPEAKER_00: and always on.
- 23:17SPEAKER_00: There is a better way and actually the benefits from a far away is any negatives
- 23:22SPEAKER_00: that we might have in our mind.
- 23:23SPEAKER_01: So you mentioned one of the things that a lot of people do is when tasks pile up is
- 23:29SPEAKER_01: that they hire more people.
- 23:31SPEAKER_01: But then you can easily end up in this situation.
- 23:35SPEAKER_01: Again, something I've written about and heard from lots of founders that
- 23:39SPEAKER_01: the team still needs you for everything.
- 23:41SPEAKER_01: All these micro decisions that you mentioned.
- 23:44SPEAKER_01: Yeah.
- 23:45SPEAKER_01: You can try and put processes in place or simply ask, come with solutions, not problems.
- 23:51SPEAKER_01: And even that landed me in a time trap.
- 23:55SPEAKER_00: Yeah, I see it a lot.
- 23:57SPEAKER_00: And there's people listening here that know that feeling.
- 24:00SPEAKER_00: We've hired extra people and actually we're still as busy as I was.
- 24:04SPEAKER_00: I'm still putting in the same hours.
- 24:06SPEAKER_00: What's actually going on here?
- 24:07SPEAKER_00: There's more micro decisions that has been stacked within the organization.
- 24:10SPEAKER_00: We haven't given people the processes they need.
- 24:13SPEAKER_00: So what I'd always say is, okay, we optimize, systemize how things are right now.
- 24:18SPEAKER_00: And then at that point,
- 24:19SPEAKER_00: you have a much clearer idea,
- 24:20SPEAKER_00: a much clearer vision on actually who do you need here?
- 24:24SPEAKER_00: But if you have hired,
- 24:26SPEAKER_00: or if you're about to hire,
- 24:27SPEAKER_00: or you have team,
- 24:29SPEAKER_00: what I'd always be saying is they need playbooks that they can run off.
- 24:32SPEAKER_00: Because without playbooks,
- 24:33SPEAKER_00: they're always making my decisions about how to do things,
- 24:35SPEAKER_00: when they're going to do things,
- 24:37SPEAKER_00: who owns it, why it matters, how does it tie us to the outcomes.
- 24:41SPEAKER_00: So what I'd always have, say,
- 24:43SPEAKER_00: my own team, clients, I'd always get them to have playbooks for all the repeatables.
- 24:48SPEAKER_00: And again, when you actually track your time, it becomes more clear what those are.
- 24:52SPEAKER_00: And I built A GPT will actually track how the task has been done.
- 24:57SPEAKER_00: It'll build out the playbook in real time with a screen record of how it's to be done.
- 25:01SPEAKER_00: But you can do that very quickly and simply use the likes of Loom.
- 25:05SPEAKER_00: Take a screen.
- 25:06SPEAKER_00: You're already doing the task.
- 25:07SPEAKER_00: Your team is already doing tasks.
- 25:08SPEAKER_00: Why not take a Loom video of it?
- 25:10SPEAKER_00: So, of course, your screen, all you're doing is you're talking through how you're doing it.
- 25:13SPEAKER_00: You can run that through the likes of Claude or Chattuck Tea,
- 25:16SPEAKER_00: and it will actually build you out a playbook, a step-by-step.
- 25:19SPEAKER_00: Then they can, it's almost like your Bible.
- 25:22SPEAKER_00: So if you think about the repeatables within your business,
- 25:25SPEAKER_00: quickly and easily, actually, you could build up a stack of these playbooks.
- 25:29SPEAKER_00: Now your team is operating off these checklists, these processes.
- 25:32SPEAKER_00: If you think about brain surge and think about airline pilots, They are so capable.
- 25:37SPEAKER_00: You really couldn't find better competent professionals.
- 25:41SPEAKER_00: But what do they do?
- 25:42SPEAKER_00: They all have checklists that they operate off to create a predictable outcome.
- 25:47SPEAKER_00: Why should we be any different?
- 25:49SPEAKER_00: If you've ever read the book,
- 25:50SPEAKER_00: The Checklist Manifesto,
- 25:52SPEAKER_00: It's so,
- 25:53SPEAKER_00: so powerful to have a processing checklist in place because that's
- 25:56SPEAKER_00: the only real way you can create predictable outcomes.
- 25:59SPEAKER_00: And then what happens?
- 26:00SPEAKER_00: Your team needs you less and less and less and less
- 26:03SPEAKER_00: because now they can run their own processes.
- 26:05SPEAKER_00: Now they can understand how to create the outcomes you're after.
- 26:07SPEAKER_00: Even decision making frameworks.
- 26:09SPEAKER_00: Now the guy is working with his team kept routing decisions back to him
- 26:13SPEAKER_00: for like one guy came to him.
- 26:16SPEAKER_00: We have to go via Hoover.
- 26:18SPEAKER_00: All these little things.
- 26:19SPEAKER_00: So he just tracked actually what was happening.
- 26:21SPEAKER_00: We built decision making frameworks for his team
- 26:23SPEAKER_00: so they could actually make decisions up to a certain level in his absence.
- 26:27SPEAKER_00: That took about 80% of the queries and questions coming back to
- 26:31SPEAKER_00: that one decision-making framework.
- 26:33SPEAKER_00: So again, AI will be your buddy here.
- 26:36SPEAKER_00: One of the hacks I love with Cloud or ChatGPT is that just get to talk to it
- 26:41SPEAKER_00: and get it to act as a decision-making framework expert.
- 26:45SPEAKER_00: Interview me and ask me the questions that you need the information about
- 26:48SPEAKER_00: to help you build a decision-making framework for me and my business.
- 26:51SPEAKER_00: And it's amazing.
- 26:52SPEAKER_00: That's so, so powerful actually what it'll come up with.
- 26:56SPEAKER_00: You can actually handle a decision-making framework to your team,
- 26:58SPEAKER_00: train them on it,
- 26:59SPEAKER_00: and now there's a process that they can actually follow to prevent stuff right back
- 27:04SPEAKER_00: to you.
- 27:05SPEAKER_00: So systemization,
- 27:06SPEAKER_00: be it processes,
- 27:07SPEAKER_00: be it decision-making frameworks,
- 27:08SPEAKER_00: be it systems,
- 27:09SPEAKER_00: whatever it might be,
- 27:10SPEAKER_00: That's what keeps us out of the needness,
- 27:13SPEAKER_00: the questions, the queries, and so on and so forth.
- 27:16SPEAKER_00: But it's also what allows things to run far more smoothly,
- 27:18SPEAKER_00: far more smoothly within the
- 27:19SPEAKER_01: business as well.
- 27:20SPEAKER_01: So you create these processes or write down these processes.
- 27:23SPEAKER_01: You get AI to interview, I agree, and kind of like break them down.
- 27:27SPEAKER_01: It can be super practical.
- 27:29SPEAKER_01: And Nick,
- 27:30SPEAKER_01: another previous guest,
- 27:31SPEAKER_01: was explaining how He doesn't go on calls to respond to answers from his staff.
- 27:38SPEAKER_01: He documents it,
- 27:40SPEAKER_01: the question adds it to a wiki or an operating system brain,
- 27:44SPEAKER_01: whichever way you want to call it.
- 27:46SPEAKER_01: But at the same time,
- 27:48SPEAKER_01: when you hire new staff or when you start hiring your first staff,
- 27:51SPEAKER_01: I know from my experiences,
- 27:53SPEAKER_01: one of the first traps is that you think,
- 27:56SPEAKER_01: well, if a job's worth doing, worth doing it yourself.
- 27:59SPEAKER_01: And then you don't allow that space for the employee or the colleague
- 28:04SPEAKER_01: to take ownership of the task.
- 28:07SPEAKER_01: So what has to be true before you can actually trust the team to own more of the doing?
- 28:16SPEAKER_00: I get that a bit in terms of, look, it's quicker if I do it myself.
- 28:20SPEAKER_00: But again,
- 28:21SPEAKER_00: that's a repeat tax you pay over and over again because to hand over a process
- 28:25SPEAKER_00: to somebody and get it right,
- 28:26SPEAKER_00: it's a one-time thing,
- 28:27SPEAKER_00: whether you could be paying that tax every day if it's a daily task or every week
- 28:31SPEAKER_00: if it's a weekly task.
- 28:33SPEAKER_00: Mind shift maybe at a certain point.
- 28:35SPEAKER_00: We can look in the cold,
- 28:37SPEAKER_00: hard light of day of what those tasks are,
- 28:39SPEAKER_00: how valuable they really are to your business in terms of like,
- 28:43SPEAKER_00: say that guy, his time is worth two and a half thousand euro an hour.
- 28:46SPEAKER_00: This is something that somebody that would pay 20, 30 euro an hour could do.
- 28:51SPEAKER_00: That's a massive gap and that's all that he has to pay now.
- 28:55SPEAKER_00: They're all initial steps that doesn't get the person doing it right,
- 28:58SPEAKER_00: but just allows you to kind of shift your mindset to actually,
- 29:01SPEAKER_00: it's not, I have to do this.
- 29:03SPEAKER_00: Actually, I have to delegate this task.
- 29:05SPEAKER_00: This has to happen.
- 29:06SPEAKER_00: And it just allows you to free them to do it because Our business is our baby
- 29:11SPEAKER_00: and we want to hold on to it and we want to hold on to our baby tight,
- 29:14SPEAKER_00: but it just allows you to release the grip a little bit and hand it over and
- 29:18SPEAKER_00: to trust that that person will do it,
- 29:20SPEAKER_00: that the next level then is having the documented process first.
- 29:24SPEAKER_00: Because if you do,
- 29:26SPEAKER_00: you can step back out of it and all you're doing then is
- 29:28SPEAKER_00: a higher level is inspecting what you expect.
- 29:31SPEAKER_00: So you hire a person that you feel is right first.
- 29:33SPEAKER_00: You have to release them then.
- 29:35SPEAKER_00: Okay, this is the playbook, this is the process.
- 29:38SPEAKER_00: You give them that level of trust.
- 29:39SPEAKER_00: You start looking at them at the level you want them to be.
- 29:41SPEAKER_00: Maybe not the level you want them to be.
- 29:44SPEAKER_00: You have to release them to it.
- 29:45SPEAKER_00: But you still retain an oversight because you're inspecting what you expect.
- 29:50SPEAKER_00: So if you release them, you have the right person in place.
- 29:52SPEAKER_00: You have a process for them, a playbook for them.
- 29:55SPEAKER_00: Really, I see it all the time.
- 29:56SPEAKER_00: You cannot go too far wrong.
- 29:58SPEAKER_00: You really can't, especially when you're up here still inspecting what you expect.
- 30:03SPEAKER_00: So you're not in the weeds of it all the time,
- 30:05SPEAKER_00: but it could be specific KPIs that you're checking in.
- 30:08SPEAKER_00: It could be progress.
- 30:10SPEAKER_00: It could be one-to-ones.
- 30:11SPEAKER_00: But even at that, it allows you to step way back out of it.
- 30:14SPEAKER_00: And it's like a muscle to get stronger.
- 30:17SPEAKER_00: The more you do this, Daniel,
- 30:18SPEAKER_00: the more you see,
- 30:20SPEAKER_00: actually the world hasn't ended because I gave this one thing away.
- 30:23SPEAKER_00: And then you see progress and that builds the muscle and it gets a bit stronger.
- 30:25SPEAKER_00: And also you're now looking for the next thing that you could move off your plate,
- 30:29SPEAKER_00: you know, because you start to believe and trust in the people you have around you.
- 30:33SPEAKER_00: They have the right tools to actually engage with us and create the outcomes that you want.
- 30:37SPEAKER_01: So there's a difference then between empowering people and just leaving them
- 30:42SPEAKER_01: to their own device.
- 30:44SPEAKER_01: In terms of making a decision,
- 30:45SPEAKER_01: you might have the SOP or the process for it and it might even include
- 30:50SPEAKER_01: a decision framework.
- 30:51SPEAKER_01: But sometimes you would find that even with all those things in place,
- 30:55SPEAKER_01: staff would still need reassurance that what they're doing is right
- 31:01SPEAKER_01: and they would still come back to you for that micro decision that you are trying
- 31:05SPEAKER_01: to get off your plate.
- 31:07SPEAKER_01: How do you tackle that when everything is in place and you still get the question?
- 31:12SPEAKER_00: I tackle it with silence.
- 31:14SPEAKER_00: Sometimes.
- 31:16SPEAKER_00: This used to happen quite a bit with him.
- 31:19SPEAKER_00: All I got to do was I just got him to sit silent.
- 31:23SPEAKER_00: And I'd get awkward.
- 31:24SPEAKER_00: He'd be stopped in the corridor, maybe something like that.
- 31:25SPEAKER_00: He'd be like, I'd get awkward.
- 31:27SPEAKER_00: And then he'd say nothing.
- 31:29SPEAKER_00: Eventually they're like, oh yeah, 1-3-1-Roo, 1-3-1, or maybe some of the other tools.
- 31:33SPEAKER_00: It's just the easy thing now is just to give the person the answer.
- 31:36SPEAKER_00: What you're doing is you're giving them the fish all the time,
- 31:38SPEAKER_00: and then they don't go fishing themselves then,
- 31:40SPEAKER_00: or they don't trust themselves with fish.
- 31:42SPEAKER_00: So again, you give them the tools, and then you have to give them a bit of space.
- 31:45SPEAKER_00: And that's why people talk about open door policies.
- 31:48SPEAKER_00: I'll be talking about closed door policies, and that might seem controversial.
- 31:53SPEAKER_00: But we create windows when our day where people can come to us.
- 31:56SPEAKER_00: When they come to us, they need to come with solutions rather than questions and queries.
- 32:00SPEAKER_00: And it's reinforcing to say, look, John, I can help you with this.
- 32:04SPEAKER_00: Absolutely.
- 32:05SPEAKER_00: If you need my help, you shout and I'll be there.
- 32:08SPEAKER_00: But at the end of the day, I believe in what you're doing.
- 32:11SPEAKER_00: You have the tools to do it.
- 32:12SPEAKER_00: I trust in you.
- 32:14SPEAKER_00: And this is what I'm paying you to do.
- 32:16SPEAKER_00: And let that sit with them.
- 32:18SPEAKER_00: I guarantee you when you just reinforce that just a little bit at the start,
- 32:22SPEAKER_00: people will get it.
- 32:24SPEAKER_00: But the other thing they'll do is start building their trust in themselves.
- 32:27SPEAKER_00: It's not people are bad or people, you know, just want to put the monkey on your back.
- 32:32SPEAKER_00: Actually,
- 32:32SPEAKER_00: people don't have the confidence and trust in themselves that they're going
- 32:35SPEAKER_00: to do it right.
- 32:36SPEAKER_00: That's the part that I was referring to, yes.
- 32:38SPEAKER_00: Yeah, it just allows them.
- 32:40SPEAKER_00: Look at them and talk to them at the level that you want to see them at.
- 32:43SPEAKER_00: And then give them the space to actually grow up into that.
- 32:46SPEAKER_00: Okay, grow up into the space that you're creating for them and reinforce them in the right way.
- 32:50SPEAKER_00: And don't take the easy option to give them the fish.
- 32:53SPEAKER_00: Always get them fishing, get them fishing.
- 32:55SPEAKER_00: Because that ultimately is what you're paying them for.
- 32:58SPEAKER_00: And you know, as I said, The vast majority of people are well capable and really competent.
- 33:03SPEAKER_00: And most of that group will do a really good job for you if you just empower them
- 33:09SPEAKER_00: and show them that trust.
- 33:11SPEAKER_00: And that will come back to your tenfold if you do.
- 33:13SPEAKER_01: So, say you've put everything in place.
- 33:16SPEAKER_01: You have the assistants in place.
- 33:17SPEAKER_01: You have a couple of staff, maybe two, three, four, whichever level your business is at.
- 33:22SPEAKER_01: But if you start...
- 33:25SPEAKER_01: Yeah, yeah.
- 33:51SPEAKER_00: When I say replace it, I don't mean that you're not needed.
- 33:55SPEAKER_00: I don't mean that AI is going to do your job for you,
- 33:58SPEAKER_00: but it's just getting you into that zone of genius.
- 34:01SPEAKER_00: We all have a zone of genius.
- 34:03SPEAKER_00: That's where we need to be spending the most time.
- 34:04SPEAKER_00: AI for me is just a tool that enables us to spend as much time in that zone
- 34:09SPEAKER_00: of genius as possible.
- 34:10SPEAKER_00: So one of the questions we often get a bit like that, Daniel,
- 34:14SPEAKER_00: is when we start our business,
- 34:16SPEAKER_00: We can't really hire a lot of people or do what a more established business can do.
- 34:20SPEAKER_00: So where do we start?
- 34:21SPEAKER_00: Well, again, it comes coming back to what you've tracked.
- 34:24SPEAKER_00: What are the low value, kind of low energy type tasks right now?
- 34:27SPEAKER_00: Okay.
- 34:28SPEAKER_00: How could we maybe use the power of AI to eliminate them,
- 34:31SPEAKER_00: to automate them, or to even just reduce the time we spend on it?
- 34:36SPEAKER_00: But the other side of it is, We can't use AI for everything either.
- 34:39SPEAKER_00: There's still stuff that people have to do, for example.
- 34:41SPEAKER_00: And you still have to check it.
- 34:43SPEAKER_00: Do you use anything, any AI output without checking it?
- 34:47SPEAKER_00: Well, you have to, yeah.
- 34:48SPEAKER_00: It's certain things.
- 34:50SPEAKER_00: Absolutely.
- 34:50SPEAKER_00: It's still human involvement.
- 34:53SPEAKER_00: It may get to a point in the future where you don't have to check save and accounts
- 34:56SPEAKER_00: and stuff like that.
- 34:57SPEAKER_00: But right now, absolutely, you need to check that work right now.
- 35:00SPEAKER_00: For example, I was working with him.
- 35:02SPEAKER_00: His invoice was a really convoluted process.
- 35:04SPEAKER_00: It was taking him four hours every week because it was so convoluted.
- 35:08SPEAKER_00: And he said, like, there's no way I can do this.
- 35:10SPEAKER_00: No way another person could even do this.
- 35:12SPEAKER_00: I have to do it.
- 35:13SPEAKER_00: Guess what?
- 35:13SPEAKER_00: He didn't do it because he just didn't have enough time for it.
- 35:15SPEAKER_00: And cash flow issues weren't just coming behind him.
- 35:19SPEAKER_00: Yeah.
- 35:20SPEAKER_00: When we mapped it out, again, we just tracked how it's currently being done.
- 35:24SPEAKER_00: We're able to run it through AI to create a process that automated about 90% of us.
- 35:29SPEAKER_00: We reduced that four hours down to about 20 minutes.
- 35:33SPEAKER_00: But the other step was, okay, he still needs to do that 20 minutes.
- 35:37SPEAKER_00: So this is where we didn't want to just hire somebody for like, okay, 20 minutes work.
- 35:41SPEAKER_00: He had someone on his team that could actually do this.
- 35:44SPEAKER_00: Virtual assistants.
- 35:46SPEAKER_01: It's virtual assistants
- 35:48SPEAKER_00: that will do this for a fraction of your hourly rate
- 35:51SPEAKER_00: and do it really well.
- 35:53SPEAKER_00: That's what I'll be saying to people that may be starting off in business.
- 35:55SPEAKER_00: Okay, yes, we can automate, but you can use it.
- 35:57SPEAKER_00: Where do we need active people?
- 35:59SPEAKER_00: Well, I'd always be using it as virtual assistants for the likes of that type of stuff.
- 36:03SPEAKER_00: You can hire someone for 10 hours a day,
- 36:05SPEAKER_00: for an hour a day, Five hours a month, doesn't matter what it is.
- 36:09SPEAKER_00: So what we've done is, again,
- 36:10SPEAKER_00: we tracked how the task has been done,
- 36:11SPEAKER_00: we built out an AI-powered playbook,
- 36:13SPEAKER_00: and then we handed that over to a virtual assistant that could do the thing
- 36:17SPEAKER_00: that he wanted done, how he wanted it done for a small fraction of his hourly rate.
- 36:22SPEAKER_00: Depending on the country, depending on what you want them to do.
- 36:25SPEAKER_00: But you could divert a virtual assistant for nearly anything from bookkeeping
- 36:28SPEAKER_00: to accounts to social media to marketing.
- 36:30SPEAKER_00: Again, it's how do you get more time than that's only a genius?
- 36:33SPEAKER_00: And how do we really keep the barrier of entry low?
- 36:35SPEAKER_00: That's one of the most powerful things we can do, actually.
- 36:38SPEAKER_01: Because now you have so many... That's the step-by-step breakdown that you were talking about.
- 36:42SPEAKER_01: That's the low barrier of entry, right?
- 36:45SPEAKER_01: Low barrier of entry.
- 36:46SPEAKER_00: We have a playbook that allows them to do it the way you want them to do it.
- 36:49SPEAKER_00: But it's low cost.
- 36:51SPEAKER_00: It's low risk as well because you can literally hire them for two hours and see how it goes.
- 36:55SPEAKER_00: You can hire them for a month until you build a relationship and get to know them,
- 36:58SPEAKER_00: make sure that they're doing it at the correct standard,
- 37:01SPEAKER_00: they're the right person, all the rest.
- 37:03SPEAKER_00: So there's such a low barrier to entry now to move that stuff off your plate.
- 37:07SPEAKER_00: We're going to be sitting around on a beach with the feet up.
- 37:09SPEAKER_00: That's the dream.
- 37:11SPEAKER_00: Yeah.
- 37:12SPEAKER_00: The business owners actually come to me, they all say, actually, I want to work.
- 37:15SPEAKER_00: I really enjoy it, you know.
- 37:18SPEAKER_00: It is the dream for some as well, of course.
- 37:21SPEAKER_00: It's How can we take that reclaimed capacity now and actually do something really good with it?
- 37:26SPEAKER_00: It could be a new business idea.
- 37:28SPEAKER_00: It could be charity work.
- 37:29SPEAKER_00: It could be redirecting that capacity into working on the business.
- 37:32SPEAKER_00: It could be spending time with the kids, the family, taking extra holidays.
- 37:35SPEAKER_00: It's taking that reclaimed capacity now and doing something really tangible with it.
- 37:39SPEAKER_00: It's not just, because again, work expands to fill a dime.
- 37:41SPEAKER_00: We free up an hour.
- 37:42SPEAKER_00: We could fill it up fairly, fairly quickly with something trivial.
- 37:46SPEAKER_00: So it's getting that reclaimed capacity back.
- 37:48SPEAKER_00: It's redirecting into the areas.
- 37:50SPEAKER_00: And again,
- 37:50SPEAKER_00: that time lag that we talked about earlier,
- 37:52SPEAKER_00: That's a massive step because it allows you just to see what those things are
- 37:56SPEAKER_00: for you.
- 37:56SPEAKER_00: Because even an hour extra back for you,
- 37:59SPEAKER_00: again, a week, it's one working week at a time a year, all massively adds up.
- 38:03SPEAKER_00: And also the other thing is it's one less hat you need to wear.
- 38:05SPEAKER_00: It's like you can just close down that extra tab on the browser of your mind and it's one less.
- 38:10SPEAKER_01: There's a whole window with like 70 tabs as it is for most of us.
- 38:17SPEAKER_01: So you basically want to be productive for the rest of the stuff
- 38:21SPEAKER_01: that you don't fully enjoy, but take your time with the bits that you do enjoy.
- 38:27SPEAKER_01: What do you see founders still getting wrong about productivity then?
- 38:34SPEAKER_00: The biggest thing for me is they try to manage their time better.
- 38:39SPEAKER_00: That makes things seem bad.
- 38:40SPEAKER_00: But people are using the same tools we're using 20 years ago, 50 years or 100 years ago.
- 38:44SPEAKER_00: When you try to manage your time better and get more productive,
- 38:48SPEAKER_00: what happens is you can get more efficient, okay, and you make safe some time.
- 38:52SPEAKER_00: But when you apply the power of systems,
- 38:55SPEAKER_00: what you're doing is you're applying leverage to what you do.
- 38:57SPEAKER_00: I don't have to spend an hour of working harder and maybe longer to create the same outcome.
- 39:03SPEAKER_00: I could use a system.
- 39:04SPEAKER_00: I could use a process.
- 39:06SPEAKER_00: I could use AI.
- 39:07SPEAKER_00: I could delegate the task and not do it at all.
- 39:11SPEAKER_00: That's how we get into those next levels within our business.
- 39:14SPEAKER_00: It's not by working harder or longer or being more efficient,
- 39:17SPEAKER_00: but the 12 hours we're already working.
- 39:19SPEAKER_00: So...
- 39:20SPEAKER_01: What would be an actual good sign that AI is changing the way your business runs?
- 39:28SPEAKER_01: Maybe you have the example from your business where you created custom GPTs
- 39:35SPEAKER_01: to help you create processes or get back to clients.
- 39:40SPEAKER_01: What's the sign that you track?
- 39:42SPEAKER_01: Besides getting an hour back,
- 39:45SPEAKER_01: a day, or is it like a minimum amount of time you want to get back?
- 39:49SPEAKER_01: Because sometimes you can spend a week building this automation for a task
- 39:54SPEAKER_01: that takes 15 minutes a week, and you could just do it the way you did it before.
- 40:01SPEAKER_00: What I typically do is measure baseline.
- 40:03SPEAKER_00: We see what's happening right now.
- 40:05SPEAKER_00: We see 40 people's time and energy is spent, but we also
- 40:08SPEAKER_01: do it again.
- 40:09SPEAKER_00: At milestone points down the road because we want to make sure that we're doing
- 40:14SPEAKER_00: the right thing, but we also want to make sure of progress.
- 40:17SPEAKER_00: And again, progress is addictive.
- 40:18SPEAKER_00: When we see that progress,
- 40:19SPEAKER_00: when we're seeing that difference in how we're doing things,
- 40:21SPEAKER_00: it allows us to manage better because we're measuring better.
- 40:25SPEAKER_00: But the other thing it allows us to do is it gives us that 10,000 foot view
- 40:29SPEAKER_00: that actually we are heading in the right direction here.
- 40:32SPEAKER_00: So it's really difficult sometimes when we're still busy to see actually have
- 40:36SPEAKER_00: the changes we made made any difference or not.
- 40:39SPEAKER_00: So it's measurement.
- 40:39SPEAKER_00: Measurement is such an important thing, a key milestones.
- 40:42SPEAKER_00: And there's no one-size-fits-fits-all.
- 40:44SPEAKER_00: It could be for someone,
- 40:44SPEAKER_00: it could be an hour a day,
- 40:46SPEAKER_00: it could be an hour a week, it could be, you know, 20 hours a month.
- 40:48SPEAKER_01: So if somebody tuning in realises they are still the operating system or
- 40:54SPEAKER_01: the business is too dependent on them, what would you tell them to fix first?
- 40:59SPEAKER_00: Well, my capacity engineering framework, the first part of it is the S. It's a filter.
- 41:05SPEAKER_00: The first thing I always look to do is put a big filtering system in place.
- 41:10SPEAKER_00: Because the filters was going to filter out that wall of noise.
- 41:12SPEAKER_00: People, texts,
- 41:14SPEAKER_00: you know, emails,
- 41:15SPEAKER_00: calls, all that noise that we talked about earlier, that cost us that invisible tax.
- 41:22SPEAKER_00: 11 to 24 minutes every time.
- 41:24SPEAKER_00: What I want to do is get rid of that invisible tax straight away.
- 41:27SPEAKER_00: Because that does a couple of things.
- 41:28SPEAKER_00: Number one,
- 41:29SPEAKER_00: there's a very kind of hidden benefit of doing it,
- 41:32SPEAKER_00: is we start to calm our nervous system.
- 41:35SPEAKER_00: A lot of people right now these days are at flight or flight response
- 41:39SPEAKER_00: because it's all reactive.
- 41:40SPEAKER_00: This thing, that thing popped up, something's over here.
- 41:42SPEAKER_00: Even if we don't have something to react to, we're almost looking first.
- 41:44SPEAKER_00: That's why we check our phones so much.
- 41:46SPEAKER_01: Yeah, you can check your inbox,
- 41:48SPEAKER_01: which has zero emails,
- 41:49SPEAKER_01: and you'll sit there and just like refresh,
- 41:52SPEAKER_01: pull to refresh, just waiting for something to happen then so you can react
- 41:55SPEAKER_00: to it.
- 41:56SPEAKER_00: Absolutely.
- 41:58SPEAKER_00: So by filtering that noise,
- 41:59SPEAKER_00: first of all,
- 41:59SPEAKER_00: doing some of the things like we talked about, for me, it's notifications off.
- 42:04SPEAKER_00: It's funneling.
- 42:05SPEAKER_00: Power blocks into your calendar for emails, calls.
- 42:08SPEAKER_00: It could be routing calls in a certain direction if too many
- 42:11SPEAKER_00: of those calls are still coming to you.
- 42:12SPEAKER_00: It could be a member of your team, it could be a virtual assistant, an AI assistant.
- 42:17SPEAKER_00: It's filtering that noise down as a start point.
- 42:20SPEAKER_00: It's those open door time slots we have so people are coming to you drip,
- 42:23SPEAKER_00: drip, drip through the day.
- 42:25SPEAKER_00: Because what happens when you do that,
- 42:26SPEAKER_00: it's almost like you just feel straight away like you have more time.
- 42:29SPEAKER_00: Guess what?
- 42:30SPEAKER_00: You do have more time.
- 42:31SPEAKER_00: You feel calmer.
- 42:33SPEAKER_00: You feel more in control.
- 42:34SPEAKER_00: Your nervous system starts to calm and get out of that flight or flight response
- 42:40SPEAKER_00: that it's most likely in right now.
- 42:42SPEAKER_00: Your head is clearer.
- 42:43SPEAKER_00: You have more energy.
- 42:44SPEAKER_00: But the other thing it does is it allows you to relax.
- 42:48SPEAKER_00: Start getting back to yourself again.
- 42:50SPEAKER_00: Start getting back to the person that you were in terms of energy,
- 42:53SPEAKER_00: in terms of the ability to focus,
- 42:55SPEAKER_00: in terms of getting your joy back for the business.
- 42:57SPEAKER_00: It starts actually to bring all those sort of things back into your life.
- 43:02SPEAKER_00: When you combine that with the actual invisible tax that we take out there,
- 43:06SPEAKER_00: People make huge savings just by doing those things alone,
- 43:11SPEAKER_00: just by actually filtering that noise right down.
- 43:13SPEAKER_00: That's where it always does.
- 43:14SPEAKER_00: Because think about it.
- 43:16SPEAKER_00: You can have the best systems in the world,
- 43:19SPEAKER_00: but where are you going to get the time to work on the business?
- 43:21SPEAKER_00: You can still get interrupted, distracted, emails, calls.
- 43:24SPEAKER_00: There's all this sort of noise in your life.
- 43:26SPEAKER_00: It's not really going to happen.
- 43:27SPEAKER_00: It's not going to happen.
- 43:29SPEAKER_00: So it's filtering that noise down as a starting point.
- 43:33SPEAKER_01: Barry.
- 43:34SPEAKER_01: I want to leave everybody with some practical tips.
- 43:39SPEAKER_01: And what you said was that you have your notifications silenced most of the time.
- 43:47SPEAKER_01: So that's on your computer as well as your phone.
- 43:50SPEAKER_01: No distractions.
- 43:51SPEAKER_01: For example, LinkedIn can send you a notification every time somebody is breathing on there.
- 43:57SPEAKER_01: Some of these apps and platforms are designed just to distract you
- 44:01SPEAKER_01: from everything else you're doing.
- 44:03SPEAKER_01: So are there any notifications you keep on?
- 44:06SPEAKER_01: What's your practical system that I can do?
- 44:09SPEAKER_01: So, for example,
- 44:11SPEAKER_01: I don't keep refreshing my Substack notifications every single hour
- 44:15SPEAKER_01: because I get easily distracted.
- 44:20SPEAKER_00: Yeah, like I have called our bubble method.
- 44:23SPEAKER_00: It's where we want to eliminate possibility for it.
- 44:28SPEAKER_00: Because with the best willpower in the world,
- 44:31SPEAKER_00: like sometimes people tell me,
- 44:32SPEAKER_00: but Barry, look, the notification comes in and I don't look at it.
- 44:35SPEAKER_00: No, I just keep working.
- 44:36SPEAKER_00: I'm very good like that.
- 44:37SPEAKER_00: But even just hearing that notification, it's fractured.
- 44:40SPEAKER_00: You're making like a decision.
- 44:41SPEAKER_00: Will I get it now?
- 44:42SPEAKER_00: Will I not?
- 44:42SPEAKER_00: Will I keep it till late?
- 44:44SPEAKER_00: Yeah, whether you even think about it or not.
- 44:47SPEAKER_00: The first thing is I'd be blocking like digital distractions.
- 44:51SPEAKER_00: That's the B.
- 44:51SPEAKER_00: And it's all notifications off, all of them off.
- 44:55SPEAKER_00: All of them off.
- 44:56SPEAKER_00: If it's important enough, somebody will get you.
- 44:57SPEAKER_00: Somebody will phone you.
- 44:59SPEAKER_00: Get away.
- 44:59SPEAKER_00: All notifications go off.
- 45:01SPEAKER_00: I'd always rearrange my phone as well so that when I open up the phone,
- 45:05SPEAKER_00: the first screen on my phone actually is like the four
- 45:08SPEAKER_00: or five key apps I probably use every day.
- 45:12SPEAKER_00: I delete all social media off my phone.
- 45:14SPEAKER_00: I use social media.
- 45:15SPEAKER_00: I'm not harming or disciplined enough to say, oh, I'm so good at social media.
- 45:21SPEAKER_00: I don't go down that rabbit hole.
- 45:23SPEAKER_00: I can use it.
- 45:24SPEAKER_00: But like, again, we talk about reducing steps.
- 45:27SPEAKER_00: I add friction to things like that, where now I deleted Instagram, Facebook.
- 45:32SPEAKER_00: I need to use it for work on different stuff,
- 45:34SPEAKER_00: but I have to log into the browser on my phone or desktop to get in,
- 45:36SPEAKER_00: which means that extra step means I don't normally do it.
- 45:39SPEAKER_00: I don't do it unconsciously.
- 45:41SPEAKER_00: Anything like that is a really conscious decision, which means I rarely do it.
- 45:44SPEAKER_00: So again,
- 45:44SPEAKER_00: when I open my phone,
- 45:45SPEAKER_00: it's not cluttered with notifications, apps, all that other stuff.
- 45:48SPEAKER_00: One of the key stuff I might need.
- 45:50SPEAKER_00: Notifications are all off.
- 45:52SPEAKER_00: The other things is like things we talked about, where there are sorts of noise coming from.
- 45:58SPEAKER_00: I always say it's not that you don't do it, it's when you do it.
- 46:01SPEAKER_00: It's having those windows in your day when you can.
- 46:04SPEAKER_00: What I do is say whatever time every day,
- 46:07SPEAKER_00: I go into my emails,
- 46:09SPEAKER_00: I check my phone,
- 46:10SPEAKER_00: WhatsApps, Slack messages, LinkedIn messages, all those other things.
- 46:14SPEAKER_00: Instagram.
- 46:14SPEAKER_00: I go through them all.
- 46:15SPEAKER_00: I blast them all.
- 46:16SPEAKER_00: I have a playbook there.
- 46:17SPEAKER_00: They go through one at a time.
- 46:19SPEAKER_00: I hit them all in that window and then I get back out.
- 46:22SPEAKER_00: Let's say for people is don't start what you think you need.
- 46:24SPEAKER_00: Start with a little bit time that's a little bit shorter than that.
- 46:28SPEAKER_00: So if you think, geez, I probably need maybe an hour for all this stuff.
- 46:31SPEAKER_00: Send for maybe 45 minutes.
- 46:33SPEAKER_00: I always said, don't run into the perfect.
- 46:35SPEAKER_00: Start with that and then you can tweak it based on how it runs for you.
- 46:40SPEAKER_00: Always start with something though.
- 46:41SPEAKER_00: Start with say a block in your can,
- 46:43SPEAKER_00: it could be half an hour, it could be 45 minutes, morning and afternoon.
- 46:46SPEAKER_00: Or you funnel all those communication type stuff into that window.
- 46:49SPEAKER_00: And then I go through my process, depends on how many emails I have.
- 46:52SPEAKER_00: I start there, then I move on to the Instagram and LinkedIn and all those other messages.
- 46:56SPEAKER_00: And I almost gamify it as my little timer going off there, it's 45 minutes.
- 47:00SPEAKER_00: And I gamify it, how many of these can actually blast through in 45 minutes?
- 47:04SPEAKER_00: So it's like I've set a little mini deadline on myself as well on it.
- 47:07SPEAKER_00: And often through, I get it through way quicker, you know.
- 47:10SPEAKER_00: It's a massive focus.
- 47:11SPEAKER_00: It's like a challenge.
- 47:13SPEAKER_00: Park it again.
- 47:13SPEAKER_01: It's a challenge.
- 47:14SPEAKER_01: You get the dopamine rush from doing that challenge rather than checking
- 47:20SPEAKER_01: the notifications themselves.
- 47:21SPEAKER_01: Correct.
- 47:21SPEAKER_01: Absolutely.
- 47:22SPEAKER_01: Absolutely I do.
- 47:22SPEAKER_00: Yeah.
- 47:23SPEAKER_00: There's my little timer there in the background.
- 47:25SPEAKER_00: It goes off.
- 47:26SPEAKER_00: I have a little timer there I set for different time periods.
- 47:29SPEAKER_00: And that is my challenge, yeah.
- 47:31SPEAKER_00: And it does actually help with those little mini dopamine hits.
- 47:33SPEAKER_00: My day is not a constant dopamine hit of everything, but that, yeah, it does.
- 47:37SPEAKER_00: Yeah, it does.
- 47:38SPEAKER_00: It's a nice little reward.
- 47:40SPEAKER_01: I like this idea Barry and I think you convinced me to try
- 47:46SPEAKER_01: So what I will also do is make sure that I silence all my notifications around
- 47:50SPEAKER_00: that block.
- 47:50SPEAKER_01: So if anything is going to take anything away from this episode, it will be this.
- 48:12SPEAKER_00: Filter the noise.
- 48:13SPEAKER_01: Filter the noise.
- 48:14SPEAKER_01: Thank you so much for some of your tips and tricks and advice, Barry.
- 48:18SPEAKER_01: And I'm looking forward to report back to anybody listening how this went out for me.
- 48:25SPEAKER_01: Daniel, it was a pleasure.
- 48:27SPEAKER_01: Thanks for tuning in all the way to the end of this episode.
- 48:32SPEAKER_01: That's where you'll get all the latest features and new episodes straight
- 48:35SPEAKER_01: to your inbox every week.
- 48:36SPEAKER_01: Catch you next week!