Latest / The Relentless Pursuit of Winning Podcast / Escaping the Business Prison: How to Move from Operator to Owner | Liz Landry
Transcript
- 0:00Most of them wake up one day feeling like a prisoner in their own business.
- 0:03Yeah.
- 0:03Instead
- 0:03of zoning in and focusing on what's most important for you to do
- 0:07in your highest dollar per hour activity,
- 0:09you essentially become the best paid help desk in the history of help desks.
- 0:13There's no magical moment that tells you it's time to go past that
- 0:17and start handing off the ownership of that thing to somebody.
- 0:21I'm telling you the result I want,
- 0:23I'm giving you the context of why it's important and why it ties
- 0:27to the overall strategy.
- 0:28I'm letting you go run.
- 0:30Our identity of who we are behind the scenes there is just as important
- 0:34as who the people on the other side of it are becoming in the way we hand it off.
- 0:52Hey folks, welcome to another episode of the Relentless Pursuit of Winning podcast.
- 0:56My name is Rick Meekins. I'm gonna be your host today,
- 0:58and in our studio we have Liz Landry.
- 1:00How are you today, ma'am?
- 1:01I'm doing fantastic. How are you?
- 1:03I feel like I am fantastic as well.
- 1:06It's almost the end of the week and we are ready for the weekend.
- 1:09Folks, if you haven't done it already,
- 1:11I would be grateful if you'd like,
- 1:12subscribe, and hit the bell so that you can get updates every time we drop
- 1:15a new episode. And without further ado,
- 1:16let's get to it. So Liz, tell our audience,
- 1:20give us give give us a little background on who you are,
- 1:22what you do, and why you do what you do.
- 1:24so the easy answer that nobody ever understands is I am
- 1:27an organizational leadership consultant.
- 1:29And people say like, what? What what's that?
- 1:32What's organizational leadership?
- 1:33Uh-huh.
- 1:34essentially that means that I work with folks who own businesses or work inside
- 1:38of large businesses on the back end stuff,
- 1:41right? The leadership, the way the organization is structured,
- 1:44the way that we put positions inside of our organizations,
- 1:47all the all the complicated things that are the behind the curtain
- 1:50of actually running a business.
- 1:52and primarily the focus on the leadership and the development of others inside
- 1:56of it. How did I end up in this wild,
- 1:59super sexy world of organizational leadership?
- 2:01kind of the way most people end up where they are,
- 2:04because I really was terrible at it for for quite some time.
- 2:08And I was so bad at it that it was either find a new career in somebody else's world
- 2:13or
- 2:14Get my get my stuff together and figure it out.
- 2:17And so in order to get my stuff together and figure it out,
- 2:20I went through a lot of learning lessons.
- 2:22I always say that some of us learn from other people's mistakes and some
- 2:26of us are the other people. I was definitely the other person,
- 2:29the one who made the mistakes that hopefully others can learn from for a long time.
- 2:33And eventually found myself going,
- 2:35Wait, I do have this. Like I got this.
- 2:37Mm-hmm.
- 2:37I can do this now. Like I know it now.
- 2:39Like and I I all of a sudden started seeing it in such a
- 2:42a clear and understandable way that I started helping others through that.
- 2:46About, gosh, seventeen years ago at this point,
- 2:49I started helping others on that after all my trials and tribulations
- 2:53of my first several years of owning my own business.
- 2:55And and that's kind of how we ended up here today.
- 2:58Yeah. Wow. Wow. Wow. Wonderful.
- 3:00I think back to I I used to do consulting and and people would say,
- 3:04I don't understand what Rick does,
- 3:06but you need to call him. Do you get that?
- 3:07Right? Yeah. Yeah. Exactly.
- 3:08~
- 3:10People are like, I don't understand.
- 3:11Like, really, what's consultant mean?
- 3:13Mm-hmm.
- 3:14I'm like, you can call it what you want.
- 3:15You want to call it a coach. You want to call it a leader.
- 3:18You want to call it a trainer.
- 3:19Right. Like some people kind of just call it anything they want.
- 3:21You know, if you were to ask my parents what I do today,
- 3:23I'm pretty sure they'd be like,
- 3:25I don't know, she's some kind of motivational speaker or something.
- 3:28Ha ha ha ha.
- 3:28Like I you know,
- 3:30they don't they don't really know.
- 3:31I get that. I was just like, yeah,
- 3:33Ricky's a podcaster. I don't know how he makes money,
- 3:35but you know, he talks to people all this time.
- 3:35Yeah, I don't know what that is,
- 3:36but it's it's there.
- 3:37Awesome,
- 3:40awesome, awesome. Well, I I love I love ops.
- 3:42So that's that's a that's a big deal for me.
- 3:44We talk about ops, we talk about leadership.
- 3:45I wanna know from you, what is what is the what is the big idea?
- 3:49What's the what's the big thing that you want people to walk away from either
- 3:53working with you or just from listening or watching to this show?
- 3:57You know, it's interesting. I work primarily with small business entrepreneurs,
- 4:02right? Small businesses are defined as anything under 500 employees.
- 4:05So, like when I say small businesses,
- 4:06some of these small businesses can be quite large as well.
- 4:09And some of them are literally one person with a a part-time support staff,
- 4:14right? And so we span the gauntlet there.
- 4:17And I've noticed one very, very,
- 4:19very, very common thread with all of those people.
- 4:22And it's that Most of them wake up one day feeling like a prisoner
- 4:25in their own business.
- 4:26In this thing
- 4:26Mm.
- 4:27that they built, they created,
- 4:28they wake up feeling like a prisoner.
- 4:30and I did too, right? Like when I say I some of us learn from other people's
- 4:34mistakes and some of us were the other people,
- 4:35like I made all the mistakes. I did all of them.
- 4:38And I woke up and I was like, I hate my own business.
- 4:40I hate this thing that I built,
- 4:42I hate this thing that fuels my life,
- 4:44right? And there were perks to it,
- 4:46but like I hated it. I was miserable,
- 4:48Mm-hmm.
- 4:49right? And I think so many small business owners and so many people that start
- 4:54a company.
- 4:54And they take the thing that they're really good at and they decide they're gonna
- 4:57build it into something bigger,
- 4:58wake up there, and then they just kind of accept it that this is just what it is.
- 5:04This is the price I pay to have this thing that I wanted at one time.
- 5:08And we kind of say, like, that's our penance,
- 5:10right? Like we wear it almost like a badge of honor that we suffered through that
- 5:13and and did it. And it doesn't have to be that way.
- 5:16And I think that We can have freedom not from our businesses or our jobs
- 5:21or our roles, but freedom within them.
- 5:23Mm-hmm.
- 5:23~ and it
- 5:24and it comes down to one very,
- 5:26very simple concept that is incredibly simple,
- 5:29but not quite as easy to execute because there's a difference between
- 5:33how simple is the concept and actually putting it into practice in the real world,
- 5:36right? A whole nother whole nother ballgame.
- 5:38but It's the idea that handing off execution of things in our world,
- 5:43right? The actual doing and the execution of things is one thing.
- 5:46And then
- 5:46Mm-hmm.
- 5:46handing off the ownership of the outcome to that is something entirely different
- 5:51with people.
- 5:52And the
- 5:52Mm.
- 5:52reason most small business owners feel so stuck in their world is because they
- 5:57are doing the first. They have learned
- 5:59Mm-hmm.
- 5:59and they understand how to hand off the execution of something.
- 6:02Mm-hmm.
- 6:02But unfortunately, There's no magical moment that tells you it's time
- 6:06to go past that and start handing off the ownership of that thing to somebody.
- 6:11And here's exactly how you do it,
- 6:12right? Like that path has never really existed.
- 6:15We have these two things, but most small business owners don't know the bridge.
- 6:21of actually how to cross that and get to that next part.
- 6:23So they live here and they scale from here.
- 6:25Give it give us an example
- 6:26of that. What give give us an example of,
- 6:29you know, going, I'll say going halfway in in that conversation.
- 6:32Yeah, so let's look at an example of handing off the execution of something,
- 6:36right? And and I'll use you as an example.
- 6:38Rick, I need you to run the pricing reports on product ABC for me.
- 6:43Great. Right? And everyone out there's like,
- 6:47okay, yeah, I asked my assistant to run the pricing reports.
- 6:49Got it. Or the sales reports or whatever it is.
- 6:51That's handing off the execution of something because I said,
- 6:54Rick, I need you to do this. And I told you exactly the report I wanted you to run.
- 7:00Go run it. Get it to me.
- 7:02Handing off the ownership of something,
- 7:04and this is in a very simple context,
- 7:06right? Like so just use this as the example is Rick,
- 7:09we need to be making better pricing decisions on product X,
- 7:13Y, and Z. I need you to pull all the relevant data and sales trends that
- 7:19we can use to make that decision.
- 7:21I'd like you to run the analysis on it and have your recommendation to me
- 7:26by the end of the week. I'm not telling
- 7:28Mm, mm.
- 7:29you the specific report to run.
- 7:31I'm telling you the result I want,
- 7:33which is I need to be able to make better pricing decisions,
- 7:36right? On our products. And
- 7:37Mm-hmm.
- 7:38then I'm giving you the context of why it's important and why it ties
- 7:42to the overall strategy. And
- 7:43Mm-hmm.
- 7:44then I'm letting you go run. Right.
- 7:46And those are two incredibly different things.
- 7:49Because after I have those conversations with you enough,
- 7:53eventually it's gonna be Rick.
- 7:55We need to be making better pricing decisions on these.
- 7:56Can you run the necessary information to make sure we're doing that?
- 8:00Right. And then it gets easier and easier and easier.
- 8:02But most of us were never taught how to actually convey the context that's
- 8:05in our brain, how to tie something to the ultimate vision and to hand somebody truly
- 8:10the outcome of what it looks like when we win with that task,
- 8:14as opposed to the specifics of the task we want done.
- 8:18Those are two wildly different things.
- 8:20And they develop people in two wildly different ways.
- 8:23You know what you know what I what what the the the gut comes,
- 8:27you know, the gut punch comes to me for me,
- 8:29comes to when I hear that. You know,
- 8:31it's like the first example, and I I know you're using a very simple example,
- 8:35but the first person sounds like an an executive assistant.
- 8:38You know, you can just go into the system,
- 8:40just run the report. The second one sounds like someone that's more knowledgeable.
- 8:43They understand more the big picture.
- 8:46You know, and so what it sounds like you're saying is just like,
- 8:49hey, we need just to move from A to B,
- 8:51but it sounds like there's a more
- 8:53complex process in that. Can you d dive into that a little bit?
- 8:56Yeah, it's right. So
- 8:56if we look at the first example,
- 8:58like you said, with an EA, right?
- 8:59This is the handing off of the execution of tasks.
- 9:02So if I hand
- 9:02Mm-hmm.
- 9:03off the execution of tasks, like let's imagine I am just I'm me,
- 9:06I'm a party of one. And this is,
- 9:08you know, my specialty as small business owners.
- 9:10But the reality is that in corporate infrastructures,
- 9:12it's the exact same thing because this is just it's just leadership at
- 9:15the end of the day, right? but when we look at it,
- 9:17I'm handing off the task to my executive assistant to run the report,
- 9:21right? These are where our great taskmasters come in.
- 9:24And it's like they're really good at doing the tasks,
- 9:26but if I don't tell them what to do,
- 9:28things don't necessarily get done,
- 9:30right? And this is where
- 9:30Mm-hmm.
- 9:30we get frustrated. It's like, well,
- 9:32why aren't they, why can't they do more?
- 9:34Why don't they see the the forest and make the decisions on their own?
- 9:38And it's it's because we haven't developed them there.
- 9:40But it
- 9:40Yeah.
- 9:41is, it's it's the handing off the execution of tasks.
- 9:43And so when we look at that, example A,
- 9:45the EA, everybody who you bring into your world or that works for you,
- 9:49right, the first day on the job starts there.
- 9:52Because they don't have any context.
- 9:53They don't understand the strategy of the business.
- 9:55They don't understand the vision,
- 9:56right? Like, Rick, I'm a very capable person.
- 9:58If you hired me into your world today,
- 9:59guess where I start? Right there.
- 10:01I'm gonna be like, well, what do you actually need me to do?
- 10:03Help me be productive today. But like,
- 10:05you gotta tell me what to do because I don't know anything about your world yet.
- 10:08I'm brand new.
- 10:09Right.
- 10:09I'm super capable, but I don't know anything.
- 10:12And so literally everybody starts right there,
- 10:15even the most talented people.
- 10:17The challenge is as we're as leaders,
- 10:19if we don't actually evolve them past that and build them into the next person.
- 10:23Because there's two sides to that coin.
- 10:25There's us building the person who can think,
- 10:28and there's us transitioning our behavior and our identity behind it.
- 10:32Because in that
- 10:33Mm-hmm.
- 10:33first example, I'm a manager. I'm managing a process and a system through
- 10:38Mm-hmm.
- 10:38the execution
- 10:39of somebody else, someone else's hands doing the task.
- 10:42Let's
- 10:42Right.
- 10:42say that's a 10-hour task. I'm gonna get
- 10:4560% of my time back on that task,
- 10:47right? 60, 70%. So if I hand off 10 hours a week worth of work,
- 10:51I'm gonna get six or seven hours back of time.
- 10:54I don't get the full 10 because I'm still
- 10:56Mm-hmm.
- 10:56spending about three hours telling them what to do,
- 10:59managing the outcomes, inspecting what I expect,
- 11:02making sure it's done right, correcting,
- 11:04nudging, course correcting, doing those things.
- 11:06And I'm still
- 11:07Mm-hmm.
- 11:07carrying the weight of the decisions on my shoulders.
- 11:09They're just the hands doing the tasks.
- 11:11And the second option.
- 11:14This is where we get incremental,
- 11:15or I'm sorry, we get exponential gains back.
- 11:18I hand
- 11:18Mm-hmm.
- 11:18off the outcome, I take about 30 seconds to say it,
- 11:21and I get 10 hours a week back.
- 11:24And that begins to compound. And the more that person has developed
- 11:28to think that way and to have ownership,
- 11:30that work compounds even more.
- 11:32And so instead of getting just 10 hours of productivity,
- 11:34I might be getting 12 to 15 hours of productivity out of that because the person
- 11:37Mm-hmm.
- 11:38has the context that's in my brain.
- 11:40And on that side,
- 11:40Mm.
- 11:42I'm a leader.
- 11:43Because I'm teaching other people how to think.
- 11:45Our identity of who we are behind the scenes there is just as important
- 11:49as who the people on the other side of it are becoming in the way we hand it off.
- 11:52and that's not a natural skill set that ninety nine point nine percent of us have.
- 11:58Like the day
- 11:58Yeah.
- 11:58we end up in power over something,
- 12:00whether it's our own business or somebody else's,
- 12:02that doesn't just magically come with a job title,
- 12:04right? Like that's built
- 12:05Yeah.
- 12:06in people over time.
- 12:08Yeah, yeah. I mean that that that leadership transition.
- 12:10I mean, go you know, especially,
- 12:11you know, going from, you know,
- 12:13that one to five people to fifteen people to twenty it's it's it's different roles.
- 12:17You know, and I think it'd be really helpful to,
- 12:20if you can, to kind of outline what that,
- 12:23you know, what that mental shift looks like.
- 12:24You know, going from that individual contributor to running five people
- 12:28to run fifteen people, et cetera,
- 12:30et cetera.
- 12:31There's a lot of really smart people who aren't successful in the world.
- 12:34truly, a lot of really smart people who are not successful,
- 12:37who live small worlds and they've had failed start after failed start after failed
- 12:42start, right? And there's a lot of really successful people who
- 12:46are of completely normal mind,
- 12:48body, spirit, intelligence because they're hard workers,
- 12:51right?
- 12:52Mm-hmm.
- 12:52Hard work in the beginning.
- 12:55will always outpace intelligence,
- 12:57right? Like the ability to get it done,
- 12:58the ability to lift something off the ground to do it.
- 13:01Like hard work works when you're the only one or you have a very finite lane.
- 13:05And the challenge is that hard work stops working as soon as you bring other people
- 13:09into your world. You can't out muscle leading people.
- 13:13And so it's interesting that you know when we see successful people,
- 13:16the hard work gets something off the ground.
- 13:19It really does. No matter what your industry or what you do,
- 13:22hard work
- 13:23Is the thing that got you there.
- 13:24It wasn't intelligence. Because if you're not willing to put in the hard work
- 13:28to go along with that intelligence,
- 13:29it's a dog eat dog world, right?
- 13:32Like
- 13:32Yeah.
- 13:32you're not gonna win the game.
- 13:34So you gotta put it in the beginning.
- 13:35The challenge is those people are so used to that being a tool that works
- 13:39so well for them. They can outmuscle it,
- 13:42they can out hustle it, they can out-hour it,
- 13:43whatever it is, that they're willing to do the work.
- 13:46But that no longer is the only tool we need to do the job once we hire
- 13:50Mm-hmm.
- 13:50people. So let's imagine that.
- 13:52That we've got three people now,
- 13:54right? And we're still using the outdated operating system,
- 13:57as I would call it. It'd kind of be like today trying to use an iPhone from 2013
- 14:02and run today's apps. Like it's just gonna seize up.
- 14:05It's not going to work well, right?
- 14:07It's an outdated operating system.
- 14:09It can't keep up with the tools.
- 14:11It doesn't have the tools it needs to run today's programs.
- 14:13That's kind of what using hard work to lead people is.
- 14:17It's an outdated operating system.
- 14:20And we can muscle it for a little while,
- 14:22really up to about three people.
- 14:22Mm-hmm.
- 14:23And the reason
- 14:24why is three full-time people is roughly going to take you 30 to 40 hours
- 14:29to lead and manage those people in a week if you're using
- 14:32the outdated operating system,
- 14:33right? If they're
- 14:34Mm-hmm.
- 14:34only operating at what I call task leverage,
- 14:37which is that execution of tasks,
- 14:39we're
- 14:39Mm-hmm.
- 14:40still managing all the thought processes,
- 14:41all the ideas. We're pulling the strings and puppeteering everything they
- 14:45do on a weekly basis. That takes a mental load.
- 14:49That's time.
- 14:50Imagine if you scale that now to seven or eight people.
- 14:53You're gonna find yourself 60 hours a week down going,
- 14:56I don't even know what I did this week.
- 14:59All I did was answer questions and tell people what to do.
- 15:01I didn't actually
- 15:02Mm-hmm.
- 15:02get to do my job, right? And then imagine if you scale that to 15 people.
- 15:07Now you're just buried. Now you got the walls built around you.
- 15:11Your business might be productive,
- 15:13but you're just juggling a thousand things.
- 15:16Yeah.
- 15:16Instead
- 15:17of zoning in and focusing on what's most important for you to do
- 15:20in your highest dollar per hour activity,
- 15:22you essentially become the best paid help desk in the history of help desks.
- 15:27right? And and
- 15:27Mm-hmm.
- 15:28we see business owners do this all the time.
- 15:29The tools don't scale the same way.
- 15:32I I was speaking to somebody earlier about this and the concept,
- 15:36and and we used it, we related it to kind of to a video game.
- 15:40If you ever played video
- 15:40Mm-hmm.
- 15:40games when you were a kid, I'm a child of the 80s.
- 15:43I like Mario
- 15:43Mm-hmm.
- 15:44Brothers, right? Like the old 1D,
- 15:46like Mario just kind of goes in a line the whole time.
- 15:48Mm.
- 15:49When you get to the end of a level,
- 15:50you win something. You usually get a tool or a prize or coins for
- 15:55cle completing the level. And it's like great.
- 15:57Cause that tool, you're probably gonna need to beat the bad guy in one
- 16:01of the next couple of levels, right?
- 16:03And so you're collecting
- 16:03Right.
- 16:04these tools as you go for doing a good job.
- 16:07The problem is that in business.
- 16:09The better you get, those tools don't naturally show up.
- 16:12You have to be conscious enough to say,
- 16:14I need new tools in my toolbox to lead these people.
- 16:17Otherwise,
- 16:18Yeah.
- 16:18I'm just gonna have a really hard job with really good branding,
- 16:23right? And that's where they end up.
- 16:24Because if we stay the manager as we scale and we don't change the identity
- 16:29of who we are behind the scenes and what our job responsibilities actually
- 16:34are and the way that we lead instead of manage,
- 16:36it's just a
- 16:38foregone conclusion that forgot to s put itself on your calendar that you're gonna
- 16:41Mm-hmm.
- 16:42burn out.
- 16:43Mm-hmm. W what what do you say to the I don't know,
- 16:46the the electrician or the welder,
- 16:47you know, that starts the company and they're starting to expand.
- 16:50They love what they do. But suddenly,
- 16:53as you said, they're they're managing,
- 16:55they're leading, you know, and they're losing that love for what they did.
- 16:58I mean, what do what do you say to that person?
- 17:00You have two choices. And choice number one is that you hire somebody else
- 17:07and you spend a lot of money to hire in a leader who will then build while
- 17:10you go do the tactical thing that you love to do.
- 17:13Mm-hmm.
- 17:13Most people don't want to do that,
- 17:15right? They started their own business to be their own boss and they they want
- 17:18to have their own business. They just don't know how to do this and
- 17:22do the thing that they love inside of it,
- 17:23right? so that's option one. You can do that.
- 17:26Most people won't and most people don't like the idea of cutting that check,
- 17:29right? And and I get that. you have to have an extreme trust in whoever
- 17:32you hire to be able to do that.
- 17:34That's not the route most will go,
- 17:35but understand that's an option.
- 17:36Option two, the one that I specialize in helping people with and the one that
- 17:40I I recommend to most people is first of all,
- 17:43it's to understand the difference between your two jobs because you
- 17:47do actually have two jobs and you have since the day you decided to do this.
- 17:51You are the operator who is, like you said,
- 17:54the the welder, the technician.
- 17:56You know, the sales caller, you are the customer service rep,
- 17:58you're also the the manual labor for quite a while.
- 18:01And then you're also the owner.
- 18:03You're the person who has to focus on the overall strategy of the business,
- 18:07the vision of where we're going,
- 18:08understanding who our client is and how to run pricing strategies to appeal
- 18:13to them and the marketer, right?
- 18:15Like all those things. But you have two of those jobs and understanding
- 18:20the job description of the second one,
- 18:21the actual owner.
- 18:23And what it
- 18:23Mm-hmm.
- 18:23does, it's not just balancing the books.
- 18:25There's an actual difference on the activities that you do,
- 18:29and they're quieter activities.
- 18:31So they don't push on you as urgent,
- 18:33right? And so they tend to get pushed to the evenings and the weekends,
- 18:37and then they get pushed aside.
- 18:39And so what happens when we do that,
- 18:41we keep using the same outdated tools because we're still working
- 18:44off the same outdated job description.
- 18:45And that's when those walls start to form.
- 18:47The reality is that the the larger your business revenue starts to get.
- 18:52And you bring people in, the more it goes like this.
- 18:55Imagine it's it's like this, right?
- 18:57In the beginning, you're all operator,
- 18:58you're a little bit of owner. And then it starts going like this,
- 19:02right? Now, here's the beauty of it.
- 19:06Generally, once it actually passes this way and it's working well
- 19:11and you're doing it correctly,
- 19:12you're not finding freedom from the work.
- 19:15You're actually finding freedom within the work.
- 19:19Because that's the point where you've now got capable people who can
- 19:22do and handle these things. And you get to choose to spend the time where
- 19:26you love in your business and you get to hand off the things you don't love.
- 19:31You don't love bookkeeping? Great.
- 19:33You've probably earned the right at that point to hire out your bookkeeping,
- 19:36right? Like that's not something you manually have to keep,
- 19:39right? You don't love the marketing.
- 19:41Great. You've probably earned the right to do it.
- 19:43You love doing the the welding because it's an art to you.
- 19:47Great. How much time do you want to spend doing the welding?
- 19:50And what are all the other parts aside it that you don't want to do anymore?
- 19:54Right. But you've got a team
- 19:54Mm-hmm.
- 19:55that can handle it. So you can focus on the work that you love.
- 19:59You know, the idea is not to escape the work.
- 20:01It's to do the work we love. And most small
- 20:03Mm.
- 20:04business owners aren't actually looking to escape the work.
- 20:06They just want to do the thing they love to do in their business.
- 20:09The challenge is is they've still got to do this until they get to
- 20:13the point where they can do only that.
- 20:16Yeah, yeah. I was talking to a guy,
- 20:18it was a couple of weeks ago. He has a it's an auto auto detailing business.
- 20:22He's got I think it's like him and like his two sons or something like that.
- 20:25And I was talking to him, I was like,
- 20:27you know, what's what's your exit plan?
- 20:28It was just a just a general question.
- 20:29he's like, Man, you know what?
- 20:30I'm not gonna hire anybody because no one can do the work the way that
- 20:34I want it done. What do you say to that person?
- 20:37He's I think he's about 40 years old,
- 20:39you know, so he's maybe has like ten or fifteen years left left to w left to work.
- 20:43I mean, what what do you say to him?
- 20:44That is like the entrepreneur mantra,
- 20:46right? Like we all say that no one will do it as good as me.
- 20:49Nobody will do it like me. And it's like,
- 20:51yeah, they'll actually probably do it better than you on some stuff,
- 20:55right? there are some things that people won't do as good as us,
- 20:59right? Like there's some things that you you can't outsource early
- 21:02and that you shouldn't outsource early,
- 21:04or that, right? Like the idea of,
- 21:06I'm it has to be me. But here's the thing if we look at an auto detailing business,
- 21:11that's a great example.
- 21:12What are all the things that are associated with it?
- 21:15Right. There's lead generating to actually find clients.
- 21:18There's marketing that goes into that.
- 21:20There's run in the books. There's the supply orders,
- 21:23right? Like there's the customer service.
- 21:25There's the follow-up, right? Like all of those things back end,
- 21:28like detailing the car is a very small portion of it.
- 21:33And if he loves detailing the car and he's like,
- 21:36no, I really like that's the part I want to hold on to.
- 21:38And I am actually concerned nobody can do it to me like me yet.
- 21:41Great. You hold on to that. Start getting hire the people to do the other things,
- 21:45right? start offloading those things.
- 21:48I think the second thing to look at there is nobody will do anything exactly
- 21:53the way that you do. But the reality is,
- 21:55is if we convey the context that's in our brain on why we do things,
- 21:59right? And how it attaches to the overall vision and
- 22:03what we want the desired outcome to look like and what the experience
- 22:06we are doing for the client is,
- 22:08then people get developed to not only do what we do at the level that
- 22:14we do it, they frequently can augment it and do it better if you made
- 22:18the right hire. Right.
- 22:19Yeah.
- 22:20And I think we take that for granted.
- 22:22And the reason why is it's hard for us to slow down and to convey all that context.
- 22:27Look at the the two examples I gave you.
- 22:30Rick, I need you to run the report on pricing for me,
- 22:31pull this specific report. Boom,
- 22:34done. I'm on to the next thing.
- 22:35Versus the other one where I need to slow down and convey the context
- 22:40and explain to you how it attaches to the overall vision and why it's important
- 22:43and what I'm looking to accomplish with it.
- 22:46Right. I've got to convey that out of my brain.
- 22:49And what's going to usually
- 22:49Mm-hmm.
- 22:50happen is, okay, well, what about this?
- 22:53Are is this important to you? Right.
- 22:55They're going to ask questions.
- 22:56And as
- 22:56Mm-hmm.
- 22:57a driver and an entrepreneur.
- 22:59Like you're used to moving fast.
- 23:00And this requires you to slow,
- 23:00Mm-hmm.
- 23:02right? It requires you to slow down and
- 23:04convey that. And it will take more energy on the front end.
- 23:07But before long, it won't take any energy because you don't actually need
- 23:11to convey all that because now they've got ownership of it.
- 23:13Right. And a car detailer, it's the same thing.
- 23:16We'll convey and train to that point where one day we truly can just let go.
- 23:22We stay close enough to watch the work,
- 23:24but far enough away that they can learn and we can.
- 23:28Correct and coach on the back end.
- 23:30Mm-hmm. You know, the the the hard thing,
- 23:32I think, you know, as entrepreneurs,
- 23:34you know, we we come in, we're very disciplined,
- 23:36we're, you know, about customer service,
- 23:38we're about, you know, getting our product out,
- 23:40et cetera, et cetera. And there's not really it's it's hard
- 23:44to have the conversation, you know,
- 23:46where it's just like, hey, you know what,
- 23:48I'm really tired. Da-da-da-da-da-da.
- 23:50I need a solution. I need to, I mean,
- 23:52had it's it's like there's there's a level of of
- 23:55Accountability that's missing.
- 23:57There's a level of direction that's missing.
- 23:59There's a l there's there's a level of loneliness.
- 24:01Like even a spouse, you know, that might be on the journey with
- 24:04us doesn't necessarily get, you know,
- 24:06what we're experiencing. How do you advise?
- 24:08How do you work with folks? I mean,
- 24:09it's like you almost want to quit it.
- 24:11So well, I think all of us have wanted to quit it.
- 24:11Yeah. Well all of us have wanted to quit at some point.
- 24:15Yeah, all of us have wanted to quit at some point.
- 24:17We're like,
- 24:17This just isn't worth it.
- 24:19Right, right, right. So w how do you advise people?
- 24:21What do you how do you how do you guide people from,
- 24:24you know, that state where they're stuck to,
- 24:26hey, I've got a thriving business to even,
- 24:29you know, you've helped people,
- 24:30you know, get to the point of exit.
- 24:32I mean, how do you how do you talk talk to us about that?
- 24:34You know, it's interesting when you look at that of the loneliness factor.
- 24:38And I think a lot of it actually stems from two primary points.
- 24:41Point number one is we don't actually define what freedom looks like to us.
- 24:46So we don't actually know what we're working towards.
- 24:48Right. our culture generally in the United States is geared towards retirement
- 24:53is the ultimate goal, right? Like that's the golden ticket.
- 24:55That's the thing we all kind of like since we're little,
- 24:58it's retirement, retirement, retirement,
- 25:00retirement. And that's what I'm saying.
- 25:02Like when I talk about that, it's not freedom from the world.
- 25:04It's freedom in the work. We
- 25:06Mm-hmm.
- 25:06we kind of just have this big idea of it's well when I retire.
- 25:09Well, when I retire, this is the end game.
- 25:11This is when the fun shows up.
- 25:13This is when the joy shows up.
- 25:14This is when the purpose shows up.
- 25:15And it's like, no, you've got to
- 25:17Mm.
- 25:17define what the freedom within the work looks like for us,
- 25:21first of all. Otherwise, you're just gonna grind yourself down to nothing
- 25:26on in the sake and in the name of this thing that may never happen,
- 25:29right? Like we're not guaranteed
- 25:29Yeah.
- 25:30we're gonna make it to that age.
- 25:31Like we don't know.
- 25:32Right. And so if we just say, well,
- 25:33I'm paying the tax today to get the reward then instead of getting some reward
- 25:37now and some fulfillment and freedom now,
- 25:39like that's a problem. And I think that's one of the things that that stems from.
- 25:43I think the second part of that is because we're willing to pay the
- 25:47tax forever on it, right? Like we're just because that's our belief is we'll
- 25:50pay the tax now and the freedom will come.
- 25:52We got to stop be willing to pay that tax twenty-four seven.
- 25:54It's not gonna be that way. I think the second part of that is is kind
- 25:58of that video game example.
- 25:59Because we are the owners, we kind of are just,
- 26:02we have this idea that we should know.
- 26:04Like it's my business. Of course,
- 26:05Mm-hmm.
- 26:06I should know how to do this. It's my business.
- 26:09I I
- 26:10built it. Well, I have to handle it.
- 26:12And we almost look at seeking that camaraderie or talking about our faults
- 26:17or the places we're struggling as a weakness or shame that we don't know how.
- 26:21Like, how could you start
- 26:22Mm-hmm.
- 26:22a business and have 10 employees?
- 26:24And what do you mean you don't know how to do it?
- 26:25Keep a profit and loss statement.
- 26:27And what do you mean
- 26:27Mm-hmm.
- 26:28you don't actually have a thorough interview process,
- 26:30right? Like, because what we see is the outside of other people's worlds.
- 26:34We don't see behind the curtains.
- 26:35I see behind the curtains of a lot of businesses.
- 26:38And let me tell you
- 26:39Mm-hmm.
- 26:40everybody goes through this. This is normal.
- 26:42But nobody's really wants to admit or talk about it.
- 26:46And because revenue's building and success is happening from the outside,
- 26:51right? The business is growing.
- 26:53We can't actually really even name what's off.
- 26:55And because we can't actually name it and put our finger on it,
- 26:59we hesitate to say it. And we
- 27:00Yeah.
- 27:01build ourselves into that world of loneliness.
- 27:03you know, if I could give any any advice to anybody out there and
- 27:08and this happens with all the entrepreneurs I talk to,
- 27:10they're like, How do you know?
- 27:11How did you know that's what I'm struggling with?
- 27:12I'm like, well, because that's literally what everyone goes through.
- 27:14We are not unique in that.
- 27:16Mm-hmm.
- 27:17Everybody that starts a business kind of goes through this on the back end.
- 27:21And it's that learning curve out there.
- 27:23So I think the first thing is if if you're feeling that isolation
- 27:26is understand that you're actually not alone.
- 27:28a peer group of small business owners,
- 27:30they do understand, right? Like
- 27:32Mm-hmm.
- 27:33that's the thing. Two, there are resources out there now to get the education,
- 27:37get the training, get coaching,
- 27:39get guidance, you know, hire consultants and things like that to help
- 27:42us in our small businesses. And that doesn't mean you have to go out
- 27:45and hire a $75,000 a year consultant.
- 27:47You might read a
- 27:49$25 book or listen to a free podcast or,
- 27:52you know, get a training program that's $100 a month for six months,
- 27:56right? Like it doesn't have to be this big thing like what we see on TV.
- 28:00There, there's resources out there.
- 28:02but the loneliness is challenging.
- 28:03And if you don't seek out those resources and the community of the other
- 28:07Mm-hmm.
- 28:07people who are like you, you'll keep building your walls higher because
- 28:11you feel like I should just know because it's mine.
- 28:14Right. But that's not the reality of it.
- 28:16You're not born with this kind of skill set.
- 28:18You're born with hard
- 28:19Yeah.
- 28:19work, sure, but you're not born with this kind of skill set.
- 28:22Absolutely. Absolutely. So so we're we're out,
- 28:26we're able to go out, we're able to get resources,
- 28:28we're able to get people around us,
- 28:30you know, kind of guide us through.
- 28:32I think one of the other challenges that we face as entrepreneurs,
- 28:35again, you know, we're go time,
- 28:37you it's it's the the actual implementation,
- 28:39the integration of what we're learning.
- 28:40It's like, you know, we do, you know,
- 28:42kind of that spaghetti test. All right,
- 28:44let's try this, let's try that,
- 28:45let's try this. And it's just our nature because we're driven.
- 28:47How how do we really make this work?
- 28:51Because you it's almost like you're asking for a different personality.
- 28:54You're asking for, you know, me,
- 28:56the entrepreneur, to suddenly become the project manager,
- 28:59you know, and the leader and the owner and,
- 29:01you know, all all these other hats.
- 29:03You know, it's a different set of hats than we had when we first started
- 29:06and we were just grinding it out.
- 29:07So how how do we do that?
- 29:09one is awareness, right? So once you have awareness on these situations
- 29:13and that what like the role of an owner really looks like,
- 29:15right? The leader, the visionary,
- 29:17like those kinds of things, the strategy.
- 29:19once you have awareness on it,
- 29:20it becomes a conscious choice to not change and to not take action on that.
- 29:25And I say that like it's that so easy to do,
- 29:28right? Like, just do it. I understand it's not that easy.
- 29:31but what I have learned a long time ago is if it's not in your calendar,
- 29:34it doesn't exist. And
- 29:36I don't care if you use a paper calendar.
- 29:37I don't care if you use a post-it as a calendar.
- 29:40I don't care if you use Google,
- 29:41your phone, Chat GPT, whatever.
- 29:43But if there's not something telling you the things that you need to be doing
- 29:47on a weekly basis to move your business forward,
- 29:49not just keep it afloat, right?
- 29:51Like not just
- 29:51Mm-hmm.
- 29:51bring in the revenue, but to actually move it forward and to
- 29:55Mm-hmm.
- 29:55do the things to grow it and to lead it and to hire and to understand
- 29:59the overall strategy and the vision,
- 30:01then you'll constantly be on that hamster wheel.
- 30:03In your early days,
- 30:04That's a smaller amount of time,
- 30:06right? It's the, it's the this again,
- 30:07right? We're going like this. In your early days,
- 30:10that's maybe 10 to 15% of your time when you're a true solopreneur
- 30:13to start getting the education,
- 30:15to start looking at things from a,
- 30:18I'm gonna step back from the doing and I'm gonna look at it from a 30,000 foot view
- 30:22to understand what's happening in my business more,
- 30:25right?
- 30:25Yeah.
- 30:25As your business grows, you bring on employees,
- 30:27revenue increases, you've got to be spending more time in it.
- 30:31some quick numbers.
- 30:33That can tend to, you know, give some benchmarks here.
- 30:36and this is different for different different industries,
- 30:37but I find these to be general benchmarks for small businesses.
- 30:41At about a half a million dollars in revenue,
- 30:44you should probably be spending about 20% of your week as the owner of the business,
- 30:49possibly 25%, right? And so if you look at that on a 40-hour work week,
- 30:54that's one full day,
- 30:55Mm-hmm.
- 30:56give or take, right? As the owner.
- 30:58Focusing on your personal development,
- 31:00focusing on the long term vision,
- 31:01the strategy, the clarity of what's to come in the next 12 to 18 months,
- 31:06developing
- 31:06Mm-hmm.
- 31:06your people, right? Like that's one full day.
- 31:09And I know that's hard to do, but I also know that if it's not in your calendar
- 31:13and you don't budget for it, it will never happen.
- 31:16You get to choose
- 31:16Yeah.
- 31:17how that one full day looks like.
- 31:18Maybe it's Thursday and Friday afternoons after lunch,
- 31:21right? Like maybe you take Saturday and it's your dedicated day.
- 31:23Maybe you're like, hey,
- 31:25Wednesday, we don't want to take any sales calls.
- 31:27This happens every Wednesday. Doesn't matter as long as it's in there
- 31:30and it's it's a big chunk
- 31:30Mm.
- 31:31so that you can really sink into that activity.
- 31:33Once you reach about a million dollars in revenue,
- 31:35you're really going to be inching towards that 40,
- 31:3950% mark, which is when people start to really find it challenging,
- 31:43right? Because now you're dedicating half of your week because
- 31:46it feels almost unproductive because it's the behind the scenes quieter work.
- 31:51Once you reach about 2 million in revenue,
- 31:54it's about 75% of your week should be spent on those owner activities.
- 31:59Now, the beauty of that is if you've reached $2 million in revenue,
- 32:02and again, this is varies a little bit by industry,
- 32:05but these are just kind of guidelines.
- 32:06If you've reached $2 million in revenue,
- 32:08you've got a good support team behind you.
- 32:10You've got a sales department,
- 32:11likely, you've got a full operational team,
- 32:13right? Like things are moving correctly in the right direction.
- 32:19And so
- 32:19Mm-hmm.
- 32:19that 25% that you have remaining is not being the help desk to anything.
- 32:24It's not doing the things you hate.
- 32:25At this point, you're spending 25% of your week doing the thing that you love to do,
- 32:30whatever that is for you, right?
- 32:32And then you've got your owner activities.
- 32:34And then as the business grows again,
- 32:36revenue surpasses by that, you might even start outsourcing some of that owner.
- 32:40You always hold the strategy, but you might start outsourcing some
- 32:43of that other leadership positions.
- 32:45So that comes off of your plate.
- 32:46Right. And so you start honing in more.
- 32:48it it's a transition. And we have to respect the fact that the day
- 32:53we start a business, we we have two roles.
- 32:55We are the operator and we are the owner.
- 32:57And if we don't respect the fact that we are the owner from the very beginning
- 33:00and give it the space it it deserves,
- 33:02we'll constantly just be on the hamster wheel,
- 33:05no matter how much revenue you make.
- 33:07Mm-mm. Mm. That does make sense.
- 33:08That does make sense. That that hamster wheel is is is killer.
- 33:11give give us an example.
- 33:12It's easy to get stuck there 'cause it 'cause right,
- 33:14like hard work's always worked.
- 33:16Yeah, yeah, exactly. Exactly, exactly.
- 33:18And it's like the the mindset shift sometimes,
- 33:20the letting go, you know, is is sometimes difficult,
- 33:23you know, because you know, it's it's like we're never in a situation,
- 33:26I shouldn't say never, but a lot of times we're in situations where
- 33:29we bring somebody in to do a particular job.
- 33:32And we're expecting them to do that job and they're not necessarily capable,
- 33:35even though they look like it on paper.
- 33:36And it's just like, you know, and you gotta pull it back and then like
- 33:39you get like this kind of you know,
- 33:41this this memory, you know, each person you bring in is like,
- 33:44Are they gonna be able to do it?
- 33:45So you have like the hesitation and it's like again,
- 33:47The candle burn. I call I call it the
- 33:47and it's exactly.
- 33:49kid that touches the candle. One one once bitten,
- 33:52right?
- 33:53Exactly. And again, you you're lonely in this.
- 33:55You know, you're the only person doing this.
- 33:56So it was just like, but yeah,
- 33:58totally. What what what was the great what was a great project you worked
- 34:02on where you brought someone from that,
- 34:04you know, that that hamster wheel,
- 34:05let's say, you know, into a place where they were you know,
- 34:08point you know, they're they're they're kinda thriving.
- 34:10They're they're freedom. They have that freedom you were talking about.
- 34:14Yeah. I I'll give you a great example.
- 34:16This is somebody that's been a longtime client of mine for about eight years
- 34:19and is also a close friend at this point.
- 34:21We've worked together for so long.
- 34:23And, you know, when we started working together,
- 34:25which was the late 2018s, so like 2018,
- 34:282019, I think,
- 34:29Mm-hmm.
- 34:30we started working together. she was making good money.
- 34:32she had a good job, right? She had a little bit of support and in her business,
- 34:36right,
- 34:36Mm-hmm.
- 34:36administrative support that was kind of there,
- 34:38just taking care of some of the
- 34:40the bulk of the heavy tasks like paperwork,
- 34:42right? Like the cumbersome stuff that's that none of us as entrepreneurs like to do,
- 34:46right? ~
- 34:47Yeah.
- 34:47and and she was she was in sales.
- 34:48And so she was out selling, she was making decent money and she was doing that.
- 34:52And the reality came down to well,
- 34:55you've got a good job and you're making money.
- 34:57Is this actually what you want long term?
- 35:00And she looked at her timeline and she's like,
- 35:02well, both of my kids are gonna be graduated and out of the house in
- 35:05You know, her her actual youngest son just graduated high school
- 35:08and he's moving into his dorm next week,
- 35:10right? And she looked at it and she's like,
- 35:11No, like I wanna I don't want to be bound to this location when that happens.
- 35:16And, you know, I don't want to be stuck here.
- 35:18Like I wanna travel and I wanna do these things,
- 35:20but I can't do that if the if I'm the only one bringing revenue into the team,
- 35:24right? Like if I'm the only
- 35:24Yeah, yeah.
- 35:25one building revenue in my business.
- 35:26And so we started reshaping her business.
- 35:28and it it took about 18 to two years to eighteen months to two years.
- 35:32For her to really formulate and settle into,
- 35:35I'm ready to do it. Right. Like,
- 35:36Mm-hmm, mm-hmm.
- 35:37I'm ready
- 35:37to do it. Right. And and so at that point,
- 35:40she she started making different decisions and she started looking at,
- 35:43well, what's the infrastructure I need?
- 35:45How do I lead? How does this happen?
- 35:47Who do I need to show up as? How how do I stretch my own bandwidth as
- 35:52a leader to get the right people in place and to start handing off some
- 35:56of those tasks? And when's the next right time to do some of these things?
- 35:59you know, and and today.
- 36:00She's probably making, I don't know,
- 36:02six times what she was making then,
- 36:04when when she started in her own pocket.
- 36:06Yeah.
- 36:07Her net worth has grown exponentially since then.
- 36:09Yeah.
- 36:10and I actually at the beginning of this year had her director of operations send
- 36:14me the numbers and I was like,
- 36:15How much time has she taken off?
- 36:16Not days off on weekends, like scheduled time away from the business,
- 36:21like vacations, right? Like that kind of thing.
- 36:22Yeah.
- 36:23And I think it was 112
- 36:24days last year she took off. and she's taking the entire
- 36:28Entire month of September off.
- 36:30from September 1st to September,
- 36:32I think 28th. she is
- 36:34Wow.
- 36:34take taking off from her business.
- 36:36and it will run and it will thrive,
- 36:38and it will still bring in probably six figures of profit,
- 36:41right? which is about their par for a month,
- 36:43and and it'll be great. And that's where they will run for September.
- 36:47it doesn't happen overnight, is the thing.
- 36:48It happened slowly and then suddenly,
- 36:51because all of a sudden you look around and you're like,
- 36:53my gosh, it's working, right? But it's just
- 36:561%, 2% tweaks in the way that we behave.
- 36:58But it
- 36:59Yeah.
- 36:59started with awareness. It started with,
- 37:01is this the way that you want to continue to operate?
- 37:04And what do you actually want out of your life in the next 10 years?
- 37:07What is freedom to you? And that was
- 37:09Yeah.
- 37:09it. For her, the kids graduating high school was the catalyst.
- 37:12And she's like, I want to be able to take at least a month off when
- 37:15my youngest son graduates college.
- 37:16I said, Well, great, you can't do that with this is your business then.
- 37:20So what does it need to look like in order for you to do that?
- 37:23Still make the money you want.
- 37:24And for the business to still thrive and and crafting that vision.
- 37:27And and here she is.
- 37:29Yeah, for her. That's awesome.
- 37:31That's awesome.
- 37:31Right.
- 37:31You know, I've I've s I've spoken to a lot of business owners who have been very,
- 37:35very successful and they always say,
- 37:38My coach this, my coach that. What's your opinion on on bringing in a coach?
- 37:43Bringing in someone like yourself?
- 37:45well, obviously I might be a little I might be a little biased.
- 37:50I think is actually imperative for anybody that wants to be really successful.
- 37:54I have multiple coaches, but I will also add the asterisk,
- 37:57right? It starts in different levels.
- 38:00If you are completely by yourself and you're walking into this brand new,
- 38:05a coach will be helpful, but what will be more helpful for you is training first,
- 38:10right?
- 38:11And and I there's two there's a distinct difference between training,
- 38:15I don't know what I don't know,
- 38:17and
- 38:17Mm-hmm.
- 38:18I know what I know, but I need to elevate it,
- 38:22right? Like I need help
- 38:22Yeah.
- 38:23with the execution and the specifics to make it work on my business in
- 38:28my world for my goals, right?
- 38:31Yeah.
- 38:32I don't teach people how to sell the thing that they sell.
- 38:35Like that, that's that's not it,
- 38:37right?
- 38:38If they need to know how to sell the thing that they need to sell better,
- 38:41I'm gonna send them to a training program about sales,
- 38:45right? Like and marketing strategy.
- 38:47But if they need to know how to run their business better and they need to know,
- 38:50hey, I'm got this, but this is where I'm struggling over here,
- 38:53right? Like that's where a coach takes it to another level.
- 38:56I think in the very early days,
- 38:58seek training first, right? And then once you have a grasp and
- 39:02a foundation and you're like, okay,
- 39:03I know the things.
- 39:05But I'm not sure how this applies to my business and how I execute
- 39:09it in my business. That's where a coach steps in.
- 39:11Right. Like there's a there's a difference between those two things.
- 39:14And I think I see a lot of people that from day one go out and they hire a coach.
- 39:19And I'm like, well, that's great.
- 39:20What's the training you're augmenting with that coaching to make
- 39:23Mm.
- 39:23that coaching more valuable? Because if you take a coach,
- 39:26coaches are very expensive for those of you listening that don't know.
- 39:29You take an expert in something,
- 39:31a coach, somebody who's going to become basically a partner in your business with
- 39:34you, right? And
- 39:34Mm-hmm.
- 39:35you don't have the training, you're dragging that very high dollar
- 39:39per hour person down to something that you could get for a much more nominal
- 39:42fee elsewhere. Make your dollars
- 39:44No.
- 39:44work for you. Get the training first or get the training in conjunction with it,
- 39:48because they're two very different things.
- 39:51wow, that's very wise. That's very wise.
- 39:53you one one of the other things that we experience as entrepreneurs is is burnout.
- 39:59You know, we're we're we're not keen to taking the rest.
- 40:02There's always one more thing,
- 40:04you know, that that we feel like we need to get done.
- 40:06Wha what do you advise to entrepreneurs?
- 40:08How how do we how do we need to figure out how to get that done so that
- 40:13we can always operate at our highest and best level?
- 40:17With entrepreneurs in particular,
- 40:18it's not so much that there's just one more thing that needs to get done because
- 40:22and I have this conversation with my team all the time.
- 40:24They're like, Well, well, you know,
- 40:25when we don't have anything on the to-do list,
- 40:26I'm like, Do you actually think that's ever gonna happen?
- 40:28Let me tell me more about that.
- 40:29Like, do you just say
- 40:31that for fun or do you believe that,
- 40:34Ha ha ha.
- 40:34right?
- 40:35There's never gonna be a day where there's nothing that needs to be done
- 40:39in the business where we're all just gonna put our feet up and be like,
- 40:41there's absolutely nothing that needs to be done today.
- 40:44Sure, there might
- 40:44Right.
- 40:45be things we can push off to next week and take a day off,
- 40:47but like I I don't know any business where there's a day that nothing needs
- 40:51to be done, right? And that's just the nature of it.
- 40:54Like one, we have to understand that there is always things to do.
- 40:58And
- 40:59Mm-hmm.
- 40:59but they're not all important.
- 41:01That's the challenge is when everything's in what when everything's urgent,
- 41:05nothing's important, right? All things are
- 41:06Mm-hmm.
- 41:07not equal. We have to be able to clearly define what is actually important
- 41:11and what just needs to be done.
- 41:13Right. Like those are two different things.
- 41:14I think the second thing there we have to look at is the burnout doesn't necessarily
- 41:19come from working too hard. It comes from carrying too much.
- 41:23When you're the only one who owns the outcomes and the results
- 41:26and the responsibility
- 41:27Mm.
- 41:28and the context and all of those things,
- 41:30that's actually where the burnout comes from.
- 41:32We can look at people like Gary V.
- 41:35He's a great example. If you ask Gary V,
- 41:37he works 16 to 18 hours a day in the
- 41:40Dude is just endless energy. He nothing burns him out.
- 41:43And the reason Gary V does that is because he's found freedom in the work,
- 41:48right? He's not mentally carrying all the responsibility.
- 41:53He's found the thing that gives him the energy to do what he does.
- 41:57And so
- 41:58Mm-hmm.
- 41:58he can work at that level without burning out.
- 42:00And everybody's got that part of their business.
- 42:03You want to talk about business strategy with me?
- 42:05Like I can.
- 42:07I can go on for hours. I'll be happy.
- 42:09I'll be energized at the end of the day.
- 42:10But if you want to talk sales tactics with me,
- 42:13I'm gonna be like, gosh, the end of the day,
- 42:14Yeah.
- 42:15like
- 42:15this was this was the hardest day ever,
- 42:18right? like it's just it's it wears in a different way because it's
- 42:21not the thing that I enjoy doing.
- 42:22What's it?
- 42:23And so when we start looking at that,
- 42:25it's not the weight of work that actually gets us.
- 42:30It's the weight of the responsibility for things that we shouldn't be doing,
- 42:33that we're still carrying.
- 42:35Mm.
- 42:35That actually ends up
- 42:36burning us out because those are the heavy mental things.
- 42:39It's all the context, the decisions,
- 42:41and everything that goes along with it.
- 42:42When you begin to transition those out of your world,
- 42:45right? The burnout stops. ~
- 42:48Mm-hmm.
- 42:48and for anyone that's a solopreneur listening on this,
- 42:50because I know we've got, you solopreneurs are a very real,
- 42:52you know, thing. ~
- 42:53Mm-hmm.
- 42:54the reality is I think we have a lot of people that stay solopreneurs longer than
- 42:57they need to when they could hire that first executive assistant or they could hire
- 43:02some contracted support to handle the.
- 43:04The bulky stuff like the emails and the invoices and all of that.
- 43:08I think we tend to hang on to that too long because we're scared to
- 43:12get burned by the candle and we don't
- 43:14Mm.
- 43:15know necessarily like what that next thing looks like.
- 43:18So we hold it, right? And burnout will come from that.
- 43:21Like that, that will burn you out,
- 43:23right? Because you're still holding all those other things and the mental decisions,
- 43:27not just the workload. It's not the workload that burns us,
- 43:30it's the weight of the mental carry on.
- 43:32Wow, wow, wow. That is that is great.
- 43:34I've never I've never had that conversation.
- 43:36I appreciate that. let's talk about your book a little bit.
- 43:38you you want to tell our audience about it?
- 43:38Yeah.
- 43:40yeah. So all these things that that we've kind of talked about today,
- 43:43that transition of starting from solopreneur to truly building a business,
- 43:47right? None of it happens without the people.
- 43:49Now, Chan, the problem is that people are always the problem,
- 43:52but they are also always the solution.
- 43:54So to move past just doing everything literally ourselves,
- 43:58it involves other people. And what I've done is craft the very practical because
- 44:03I don't like theoretical leadership books.
- 44:06Like
- 44:07Be a better leader, go inspire your people,
- 44:09motivate more. And I'm like, well,
- 44:11what does that mean? How do I do that?
- 44:12Have better communication. Like,
- 44:13I don't understand. What is that?
- 44:15Right. I feel really good when I leave those seminars and I read those books,
- 44:18but I don't actually know what to do.
- 44:19And so I wrote a very practical leadership book that breaks down
- 44:23the transition of moving from the execution of tasks to handing off
- 44:27the outcomes to then truly having leaders that carry your vision
- 44:31and your strategy through your business.
- 44:33the very practical stuff, right?
- 44:34Like the how-tos. What does this actually look like in the real world while
- 44:38I'm holding my business up and building it at the same time?
- 44:41Kind of stuff. it's called From Operator to Owner.
- 44:43It actually starts shipping October 20th.
- 44:46hardcover copies come out. You can find it Amazon,
- 44:50anywhere, whatnot. but when you buy a copy pre-sale,
- 44:53we're actually giving the audio book out for free with the pre-sales.
- 44:57And the reason why is is because we know small business owners need this help now.
- 45:01And I don't know if anyone's ever written a book or had a friend that's written
- 45:05a book behind the scenes, but like the book has been done since January,
- 45:08but it won't come to print until the end of October,
- 45:11right? And so that's 11 months that could put a small business out of business.
- 45:15And when I looked
- 45:15Mm-hmm.
- 45:16at it, I was like, I gotta get this in people's hands sooner.
- 45:18How do I do it? And that's why we decided to give out the early edition audio with
- 45:22any of the pre-sales. And so if anyone does buy a pre-sale copy,
- 45:25you can go from for up fromoperatortoownerbook.com.
- 45:29Put in your info for the pre-sale information,
- 45:31your order number, it'll instruct you,
- 45:32and you'll get the audiobook in your inbox in about an hour.
- 45:35But I'm super excited. Super
- 45:35Fantastic.
- 45:36excited.
- 45:37Fantastic. And we'll make sure we have the link on your on your show notes page.
- 45:41So anybody that goes there will be able to get access to that.
- 45:44Cool. one last question for you.
- 45:45so the name of the show is called The Relentless Pursuit of Winning podcast,
- 45:48obviously. winning is something that most people can define pretty straightforward,
- 45:52but the hard part is maintaining that relentless pursuit.
- 45:55So what would you recommend to our audience to help them maintain that relentless
- 46:00pursuit?
- 46:01You know, people ask me though,
- 46:02like, how do you give a hundred percent every day,
- 46:04right? Like if it's that's kind of what you're looking at is what's
- 46:06the res relentless pursuit of going after what you have on days where you're just
- 46:10like, I don't have any more to give.
- 46:13Now, we all live in the real world,
- 46:15right? We have families, we have problems,
- 46:17we get hurt, we get sick. The business knocks you on your butt some days,
- 46:22right? Like there will be hits.
- 46:24Like, make no mistake. This world will
- 46:26Mm-hmm.
- 46:26knock you down one way or another.
- 46:29But if you only have 40% to give one day,
- 46:31as long as you give 40%, you're relentlessly giving it at 100%,
- 46:35right? It a hundred percent is whatever you have to give that day.
- 46:38And so as long as you give it what you've got to give it that day,
- 46:42that's a hundred percent, right?
- 46:43You are still in the pursuit. It's when you have 40% to give and you say,
- 46:47I'm just not gonna give it anything because it's not a hundred percent.
- 46:50That's what's gonna that's what's gonna hold you back.
- 46:52That's what's gonna kill you. You got 40%,
- 46:54give it 40% and that counts as a hundred that day.
- 46:58You know, that's that's that's definitely what happens at the gym.
- 47:00You know, it's like
- 47:01Yeah. Yeah, right. Like some
- 47:04days you don't have your normal hundred.
- 47:06You know, you didn't sleep well,
- 47:07you didn't eat well, you decided to have too many cocktails the night before with
- 47:10your friend that's in town. And it's like,
- 47:12if you just say, I'm tired, I'm not gonna be able to lift at my PR today,
- 47:17like, and you just don't go, you're doing yourself more damage.
- 47:20Just go and put into it what you can put into it.
- 47:23Exactly. Exactly. Excellent. Excellent.
- 47:25if anyone who wants to get in touch with you,
- 47:26what's what's the best way to do that?
- 47:28easiest way is actually my website.
- 47:30It is the fromoperatortoownerbook.com.
- 47:32You can also find me on all the socials,
- 47:34like any good entrepreneur, the Liz Landry,
- 47:37Instagram, TikTok, Facebook. I'm pretty easy to find.
- 47:41so you can find me at any of those.
- 47:43Awesome, awesome. Liz, this has been a great conversation.
- 47:45Thank you so much for being on the show.
- 47:47Thank you for having me.
- 47:49Absolutely, absolutely. And
- 47:50folks, thank you so much for watching or listening to another episode
- 47:53of the Relentless Pursuit of Winning Podcast.
- 47:55We'll catch you next time.