How To Manage 17 Businesses At Once (20 Hr / Week & $200M / Year) w/ Ryan Deiss
Oct 22, 2024
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Ryan Deiss, a serial entrepreneur with a stunning $200M portfolio and 17 businesses, dives into the secrets of effective business management. He shares how crucial systems and processes drive success while allowing him to work just 20 hours a week. Ryan emphasizes rethinking success beyond just money, balancing family, and the value of strategic breaks. He also discusses the advantages of business acquisition over starting from scratch and offers insights into effective team-building and developing robust business metrics for growth.
Transitioning from a hustle mindset to prioritizing family and fulfillment can allow for similar productivity in fewer hours.
Mapping customer journeys and delegating high-impact tasks are essential for effective business management and scaling.
Strategic partnerships and understanding the acquisition model enhance growth while minimizing risks, enabling focus on core business interests.
Deep dives
The Shift from Hustle to Balance
The podcast emphasizes the importance of transitioning from an overwhelming hustle to a balanced approach in entrepreneurship. Ryan Dice reflects on a pivotal moment when he realized that his relentless work schedule was pulling him away from his family, even when career success was at its peak. This moment prompted a commitment to working fewer hours and prioritizing family time, demonstrating that one can achieve similar productivity in a 40-hour workweek. The critical insight is that redefining personal and professional priorities can lead to a more fulfilling and sustainable business life.
Building a Structured Approach
A structured approach to business management is crucial for scaling. After establishing a commitment to work fewer hours, Ryan Dice discusses the need to visualize business processes through mapping customer journeys. This process helps identify high-impact tasks that can be delegated, allowing entrepreneurs to hand off responsibilities without compromising quality. By breaking down operations into visual maps, business owners can create playbooks and checklists, ensuring consistency and efficiency while preventing founder dependency.
Leveraging Strategic Partnerships
The conversation highlights the significance of strategic partnerships in business growth. Ryan advocates for understanding the acquisition model, emphasizing collaboration with existing businesses rather than relying solely on starting new ones. By doing so, entrepreneurs can utilize their expertise to enhance other companies while minimizing risks and maximizing investments. This model allows individuals to become growth partners, reaping benefits without the need for operational control, thereby focusing on their core business interests.
The Role of Systems in Scaling
The podcast underscores the necessity of effective operating systems for company scalability. Ryan emphasizes that successful entrepreneurs must transition from being bogged down by daily operations to managing systems that drive growth. By focusing on creating functional leader structures and implementing scorecards, businesses benefit from a more organized strategy, leading to better performance tracking and accountability. Ultimately, enhancing systems lays the foundation for long-term success and the ability to handle increased business demands.
Finding Your Fun in Entrepreneurship
Ryan Dice shares insights about the importance of enjoying the entrepreneurial journey and finding what invigorates one's passion within the business realm. He cautions against becoming too detached from the joy of building and scaling businesses. Entrepreneurs are encouraged to ask themselves what excites them about their work, as pursuing fun leads to sustained motivation and innovation. By redefining one's goals and aligning them with personal values, individuals can maintain a sense of purpose while navigating the complexities of business.
Ryan Deiss shares the best advice on building, managing and scaling in business, that he's learned over 20+ years since launching his first business to growing into a $200M portfolio of 17 businesses.