Stephen Bartlett
π€ SpeakerAppearances Over Time
Podcast Appearances
Kind of the premise of the whole talk here is that we trade our time for dollars. And so we always... The whole process of entrepreneurship is continuing to trade up what you're trading your time for. And that's like at the most foundational level, that is all we're doing. And so to take this as a hypothetical, your business doesn't need you.
Kind of the premise of the whole talk here is that we trade our time for dollars. And so we always... The whole process of entrepreneurship is continuing to trade up what you're trading your time for. And that's like at the most foundational level, that is all we're doing. And so to take this as a hypothetical, your business doesn't need you.
Right now, you spend whatever hours you do working and you do these things. Imagine a world where you could hire somebody who could spend the same amount of time doing all of that stuff. Now you own the business. And whatever you have to pay them, you take out of the profit and everything else is now distributions that you own as an owner. That's it.
Right now, you spend whatever hours you do working and you do these things. Imagine a world where you could hire somebody who could spend the same amount of time doing all of that stuff. Now you own the business. And whatever you have to pay them, you take out of the profit and everything else is now distributions that you own as an owner. That's it.
Right now, you spend whatever hours you do working and you do these things. Imagine a world where you could hire somebody who could spend the same amount of time doing all of that stuff. Now you own the business. And whatever you have to pay them, you take out of the profit and everything else is now distributions that you own as an owner. That's it.
Now, the entrepreneur who's mission-driven then stacks their plate with even more things that they need to do and then just continues that process over and over again. Now, this is the part where the pushback comes, which is no one can do what I can do. And I want to say, you're right, and. If I wanted to, let's say you're a unicorn. So we can imagine this mythical unicorn.
Now, the entrepreneur who's mission-driven then stacks their plate with even more things that they need to do and then just continues that process over and over again. Now, this is the part where the pushback comes, which is no one can do what I can do. And I want to say, you're right, and. If I wanted to, let's say you're a unicorn. So we can imagine this mythical unicorn.
Now, the entrepreneur who's mission-driven then stacks their plate with even more things that they need to do and then just continues that process over and over again. Now, this is the part where the pushback comes, which is no one can do what I can do. And I want to say, you're right, and. If I wanted to, let's say you're a unicorn. So we can imagine this mythical unicorn.
We've got this white horse, got the horn, tail, everything. And the little pixie flies for the magic that's around it. Okay. You probably won't find a unicorn, but you can find a white horse. And you can find a rhinoceros to get the horn. And you can find some fireflies to give you the twinkles. And so you may not hire one person who has all of these things, but you can hire three.
We've got this white horse, got the horn, tail, everything. And the little pixie flies for the magic that's around it. Okay. You probably won't find a unicorn, but you can find a white horse. And you can find a rhinoceros to get the horn. And you can find some fireflies to give you the twinkles. And so you may not hire one person who has all of these things, but you can hire three.
We've got this white horse, got the horn, tail, everything. And the little pixie flies for the magic that's around it. Okay. You probably won't find a unicorn, but you can find a white horse. And you can find a rhinoceros to get the horn. And you can find some fireflies to give you the twinkles. And so you may not hire one person who has all of these things, but you can hire three.
And then those three together can potentially do everything that you're doing better because it's all they're doing with all of their time. And breaking it up into basically understanding that you're not going to find that unicorn, but you just break it into pieces and then you can partition it out to people who can just do those parts makes it a lot easier
And then those three together can potentially do everything that you're doing better because it's all they're doing with all of their time. And breaking it up into basically understanding that you're not going to find that unicorn, but you just break it into pieces and then you can partition it out to people who can just do those parts makes it a lot easier
And then those three together can potentially do everything that you're doing better because it's all they're doing with all of their time. And breaking it up into basically understanding that you're not going to find that unicorn, but you just break it into pieces and then you can partition it out to people who can just do those parts makes it a lot easier
more manageable from an emotional level to think like, I'm never going to find this. Of course you're not. And that's okay because we can find, we can solve for parts of our calendar. And fundamentally, when you buy back the time, you can then do what you're like, basically take the next step in the business.
more manageable from an emotional level to think like, I'm never going to find this. Of course you're not. And that's okay because we can find, we can solve for parts of our calendar. And fundamentally, when you buy back the time, you can then do what you're like, basically take the next step in the business.
more manageable from an emotional level to think like, I'm never going to find this. Of course you're not. And that's okay because we can find, we can solve for parts of our calendar. And fundamentally, when you buy back the time, you can then do what you're like, basically take the next step in the business.
Adapte. And I think that it's important. So, you know, Google has their, you know, I think Sergey like solved this mathematically, but I think they called it 70-20-10. So 70% of resources get allocated to the core business, do more of what we're currently doing. 20% goes to adjacent businesses.
Adapte. And I think that it's important. So, you know, Google has their, you know, I think Sergey like solved this mathematically, but I think they called it 70-20-10. So 70% of resources get allocated to the core business, do more of what we're currently doing. 20% goes to adjacent businesses.
Adapte. And I think that it's important. So, you know, Google has their, you know, I think Sergey like solved this mathematically, but I think they called it 70-20-10. So 70% of resources get allocated to the core business, do more of what we're currently doing. 20% goes to adjacent businesses.