Startups For the Rest of Us Episode 644 | Buying Back Your Time with Dan Martell
Jan 17, 2023
Dan Martell, an author focused on founder productivity, shares captivating insights from his new book, 'Buy Back Your Time.' He discusses the Buyback Principle, which emphasizes the importance of strategic hiring to reclaim personal time. Dan introduces the Buyback Loop for operational efficiency and critiques common limiting beliefs about hiring talent. He also reveals his innovative 1-3 rule, which empowers team members to enhance decision-making. Join this engaging conversation to discover how to balance effectiveness and efficiency in your entrepreneurial journey.
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Book's Origin
- Dan Martell's book, "Buy Back Your Time," was born from a conversation with Ron Friedman.
- Friedman, a bestselling author, saw the value in Martell's work and suggested the collaboration.
Buyback Principle
- Hire to buy back your time, not just to grow your business.
- This prevents CEOs from hitting the "pain line" where growth creates more pain than they can handle.
Early Assistant Hire
- Hire an executive assistant as early as possible, even before a COO.
- They provide high leverage, managing your inbox and calendar, freeing you for high-value tasks.