BiggerPockets Real Estate Podcast

510: Work Less and Make More by “Working the System” w/ Sam Carpenter & Josh Fonger

Sep 26, 2021

Sam Carpenter, author of "Work the System," and Josh Fonger, partner at Work the System Enterprises, discuss how systematization can transform business efficiency. They share personal stories of working long hours and how implementing systems enabled them to drastically reduce their work time. The duo explores practical solutions for real estate management, empowering employees, and leveraging effective systems to increase pricing power and attract high-paying clients. Their insights are invaluable for anyone feeling trapped in their entrepreneurial journey.

01:29:48

Episode guests

Josh Fonger

Sam Carpenter

AI Chapters

Episode notes

Intro

3min

Optimizing Real Estate Management through Systematic Approaches

2min

Transforming Business through Systemization

31min

Empowering Employees Through Effective Systems and Processes

2min

Pricing Power Through Efficiency

4min

Transforming Challenges into Sustainable Solutions

6min

Consulting for Business Systems

5min

Strategic Focus in Real Estate Investing

4min

Streamlining Real Estate Success

24min

10.

The Importance of Preparation and the Joys of Reading

3min

11.

Facing Reality: The Key to Success

4min

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.

Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.

If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!

In This Episode We Cover:

Why a system doesn’t need to (and shouldn’t) be complicated to design and implement

Reducing your time, effort, and energy spent on work

Understanding which systems need to be fixed or removed entirely front our life

How to stop playing “whack-a-mole” with your business processes

Why so many businesses fall behind after improving

Creating a sustainable solution that gives you (the entrepreneur) maximum freedom

And So Much More!

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