Episode 3: How We Run Our Business: An Insiders, Behind the Scenes Tour
Sep 30, 2016
auto_awesome
Exploring how to work fewer hours while making more money and having a greater impact in business. Discussing the significance of early childhood bonding and achieving work-life balance. Tips on navigating business flexibility, delegation, and maximizing efficiency through strategic planning. Focus on maximizing joy through outsourcing and essentialism to avoid burnout.
Hiring freelancers over full-time employees streamlines operations in the business.
Balancing family time with work commitments is achievable by structuring schedules around priorities.
Embracing essentialism and delegation increases productivity and creates space for impactful work and personal time.
Deep dives
Organizational Structure of Freedom Family LLC
Kate and Mike run the Freedom Family LLC business with a team of freelancers. They have roles like CEO, CCO, project manager Bonnie, customer service specialist Donna, Tracy in Entraport, graphic designer Natasha Lachos, and developer Brandy. The team also includes Julia as an editor and Joey for various tasks. Their approach of hiring freelancers instead of full-time employees keeps operations streamlined.
Prioritizing Family Time and Business Success
Since the birth of their daughter Penelope, Kate and Mike have revised their work-life balance to prioritize family time. They structure their schedules to spend quality time with Penelope, aligning their work around her daycare hours. The couple's commitment to balancing family and business life has earned them admiration as examples of successful entrepreneurs who prioritize family unapologetically.
Strategic Project Planning and Task Management
Kate and Mike plan their projects by reverse engineering, starting with the end goal and breaking it down into tasks. They maintain a project list, prioritize tasks, and hold team meetings to ensure everyone is aligned on project goals and deadlines. By focusing on one project at a time, they have enhanced productivity and project completion rates.
Embracing Essentialism and Delegating Tasks
The couple embraces the concept of essentialism, focusing on what truly matters and eliminating non-essential tasks. They delegate tasks to optimize their time and energy, using tools like Basecamp for task management. By delegating tasks that don't align with their core strengths and joys, they create more space for impactful work and personal time.
Managing Time and Energy Efficiency
Kate and Mike emphasize managing their limited energy efficiently by simplifying tasks and cutting out unnecessary actions. They prioritize tasks based on impact and delegate responsibilities that drain their energy or detract from essential work. By maintaining focus on high-impact activities and using available tools and resources effectively, they optimize productivity and maintain work-life balance.
On today’s show, Kate Northrup (@katenorthrup) & Mike Watts (@mikejwatts) share a number of the tools and systems that we use on a daily basis in our business, and explore how it’s possible to actually work less hours, but make more money and have a greater impact.