Profit by Design 127: How to Make Your Time Worth $10,000 an Hour (Part 2)
Welcome to the second episode of a special 3-part series on “how to make your time worth $10,000 an hour”, a wildly popular topic among Tap the Potential’s family of business owners!
Today, we’ll get into ways of utilizing the 80/20 principle more effectively in your business, and how to combine that with the Profit First system. You’ll be hearing the secret to multiplying your profit by 100-900% in the next twelve months (or less!), plus this will free up your time in your business AND you’re likely to have a much better attitude toward your business by the time you implement these principles.
In order to support you in working through this special series, you’ll want to download our workbook and “Chart of $10,000 an Hour Activities”, at www.tapthepotential.com/10k.
Let’s dive in!
Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group.
Show Highlights:
- If you missed downloading the workbook (which includes the “Chart of $10,000 an Hour Activities”) last week, please visit www.tapthepotential.com/10k.
- It’s important to understand that 20% of our efforts are responsible for 80% of the results that we get.
- 20% of the clients and customers in our businesses are responsible for 80% of our revenue.
- Setting a modest goal to increase revenue by 25% from the top 20% of your clients by delivering additional value generates an additional $200,000 per year based on one million dollars yearly revenue.
- This frees up considerable time and allows you the choice to drop 80% of your (PITA) clients and customers.
- There is a huge impact of being “at choice”!
- A tremendously powerful, brain-storming exercise to take your team through. (Hint: This meeting is a $10,000 an hour activity!)
- Comparing $10 an hour activities with $10,000 an hour activities in your business.
- Why you must have the Profit First system in place at your business. (Tip: We’re Profit First professionals here at Tap the Potential and can support you in getting your system in place!)
- Take our assessment to identify key systems to put in place in your business that will allow you to free up more of your time and have a better quality of life.
- NEXT WEEK: The importance of aligning your team members and getting them working from their strengths.
Links and Resources:
Get access to the $10,000 an Hour Workbook, including our Chart of $10,000 an Hour Activities, at www.tapthepotential.com/10k
Part 1 of the Series: 126: How to Make Your Time Worth $10,000 an Hour
Taking care of yourself is important now more than ever. Are you ready to take your life back from your business?
The FIRST STEP is taking our Assessment at:
https://www.tapthepotential.com/assessment
NEXT, meet with our Success Team Lead to debrief your results.
THEN, join our Better Business, Better Life™ program.
BUY THE BOOK ON AMAZON: How to Hire the Best: The Entrepreneur's Ultimate Guide to Attracting Top-Performing Team Members by Dr. Sabrina Starling PhD
How to Hire the Best Toolkit
QUIZ: How to Hire the Best
COURSE: How to Hire the Best
Dr. Sabrina’s WEBSITE
Dr. Sabrina’s PODCAST - PLEASE RATE & REVIEW!
Profit by Design, a Tap the Potential production in collaboration with Small Business Consulting Group
For Resources & Tools from Sponsors - https://www.profitbydesignpodcast.com
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Are You Leading with Love or Know Another Entrepreneur Who Is Being a Gift from Their Gifts During This Time?
Please use hashtags #leadwithlove #beagift and we will be re-posting these social media posts!
Books Frequently Mentioned:
How to Hire the Best: The Entrepreneur's Ultimate Guide to Attracting Top-Performing Team Members by Dr. Sabrina Starling PhD
How to Hire the Best: The Rural Business Owner's Ultimate Guide to Attracting Top Performing Employees by Dr. Sabrina Starling PhD
How To Hire The Best: The Contractor’s Ultimate Guide to Attracting Top Performing Employees by Dr. Sabrina Starling PhD
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field by Mike Michalowicz
The 4 Week Vacation by Dr. Sabrina Starling PhD - To Be Released!
Mentioned in this episode:
Jumpstart Your Business!
Spending too much time working and not paying yourself enough? In 30 days, you could reclaim 10 hours a week and finally enjoy weekends — while your business runs well without you. Click here to join us for the final Better Business Better Life Jumpstart of the year happening Dec. 3 and 4th. https://www.tapthepotential.com/jumpstart