SYS 004: How Not To Fail Like 90% Of Businesses Do
In this episode, Dr. Steve Day starts by briefly explaining why 90% of businesses fail. This despite their owners spending years working so hard that they do not have time for family. Steve explains why so many people do that and how you can avoid doing the same by using the power of outsourcing.
He shares his Four S´s Standard, which anyone can use to identify the tasks that can be outsourced and hire the right person to do them. This episode also helps you to understand why delegating does not come naturally to most people and how to overcome this negative behaviour pattern.
KEY TAKEAWAYS
- Most business owners work far too hard, and never get time to enjoy the fruits of their hard work.
- Trusting someone to do the work for you is the only way to free up your time.
- Don´t let fear stop you from trusting someone to do a task for you without your involvement.
- Fear of loss of status stops people from trusting others to do their work. Steve explains the connection in the podcast.
- Identify the things that only you can do and spend your time on that, delegate the other tasks.
- Start by outsourcing those simple tasks that take up the most of your time.
- Initially, don´t outsource mission-critical stuff.
- New recruits need support, but you get back that time once they start working autonomously.
BEST MOMENTS
‘The act of actually getting somebody else to do your work for you…That is the one challenge to overcome, then the rest falls into place. ´
‘The chance of failure is far, far higher if you are trying to do everything alone.’
‘I worked in the business far too much, I never put my head up to see where the opportunities were.’
‘To work out what to outsource start by jotting down everything you do every single day.’
EPISODE RESOURCES
VALUABLE RESOURCES
Facebook Group: Systems and Outsourcing
Systems and Outsourcing Website
ABOUT THE HOST
Steve used to be a slave to his business but when he moved to Sweden in 2015, he was forced to change the way he worked. He switched to running his businesses remotely and after totally nailing this concept he decided to spend his time helping other small business owners do the same. Steve’s been investing in property since 2002, has a degree in Computing, and worked as a doctor in the NHS before quitting to focus full-time on sharing his systems and outsourcing Methodology with the world. He now lives in Sweden and runs his UK-based businesses remotely with the help of his team of Filipino and UK-based Virtual Assistants.
Most business owners are overwhelmed because they don't know how to create systems or get the right help.
Our systems and outsourcing Courses and coaching programme will help you automate your business and work effectively with affordable virtual assistants. That way, you will stop feeling overwhelmed and start making more money.
PODCAST DESCRIPTION
Dr. Steve Day, from the systems and outsourcing University, reveals every app, hack, and trick he’s used to outsource the entire day-to-day running of his businesses. You’ll discover how to transform your work from a time-sapping, energy-draining grind into something you enjoy doing each day. You’ll learn about letting go, trusting other people to do your work, about virtual assistants, outsourcing, managing a remote team, using apps and technology, creating systems, and stopping your business from being reliant on superstar employees that are hard to find and even harder to keep hold of.
You shouldn’t have to do all the work yourself, even if you’re on a tight budget. The sooner you outsource your work, the sooner you can focus on leading your company and doing the stuff that only you can do to make your business a success. Steve openly shares his wins, losses, and lessons from creating affordable, practical systems that anyone can use. If you’re a business owner who wants to have more time to focus on doing the important stuff, then you’re gonna love this podcast. No nonsense practical advice, inspiring interviews, and unbiased reviews of all the things you need to create an awesome business that you can be proud of. Steve has deconstructed the dark art of creating sophisticated business systems into a simple step-by-step method that anyone can follow.
Hit subscribe and get ready to transform the way you work.