The number 1 thing I have learned from the billionaire I work for

Summary

The speaker emphasizes the importance of hiring top-tier talent to manage a business owner's time effectively, as exemplified by billionaire Ken, who delegates tasks to his competent staff, allowing him to oversee multiple businesses with minimal time investment. The speaker also discusses the value of understanding and managing the goals of high-earning clients, leveraging social media to attract investors, and the strategy of either training or hiring exceptional employees to build a self-managing team. The ultimate goal is to create a business that operates efficiently even in the owner's absence, leading to sustainable growth.

Takeaways

• 😀 Hiring great employees can significantly reduce the time a business owner spends on managing tasks, as these employees are proactive and manage the business owner's time effectively.
• 🏢 The speaker emphasizes the importance of having a team that can manage the business owner, rather than the other way around, which is common in most businesses.
• 🤔 Ken, a billionaire the speaker works with, exemplifies the principle of having employees who tell the CEO what to do, rather than the CEO telling employees what to do.
• 🕒 Ken manages a large real estate empire with minimal time investment, demonstrating the effectiveness of having a team that can self-manage and operate efficiently.
• 💡 The speaker highlights the value of understanding and managing the goals of high-performing employees, as they are focused on delivering the best results with minimal time investment.
• 📈 The speaker's role is to help Ken grow his social media presence and attract more credit investors, which has led to a significant increase in views and engagement.
• 🚀 The speaker has reduced the time Ken spends on social media by over 60% while increasing the results, showing the power of effective time management and delegation.
• 💰 The speaker notes that solving problems for wealthy individuals can be more lucrative because saving them time is more valuable relative to their income.
• 🛠️ There are two approaches to building a high-performing team: training talent from scratch or hiring individuals who are already experts in their field.
• 💼 The speaker is striving to be an A+ leader and business owner to attract and retain top talent, which is crucial for business growth and success.
• 🔗 Networking and building relationships with successful people is key to gaining opportunities and advancing in business, as the speaker has experienced.

Q & A

What is the key lesson the speaker learned from Ken, the billionaire he works with?

The key lesson is the importance of hiring great employees who can manage the business owner's time, as opposed to the business owner having to manage their employees.

How does Ken's assistant differ from the assistants of other business owners mentioned in the script?

Ken's assistant, along with other employees, tells Ken what he needs to do, managing his time and responsibilities, rather than Ken having to tell them what to do.

What is the speaker's goal in building a team for his business?

The speaker aims to build a team that can manage him and his time effectively, allowing him to focus on high-level tasks and strategic decisions.

How does Ken manage to run his entire company with multiple subsidiaries in just 90 minutes per week?

Ken delegates tasks to his highly competent employees, who manage his time and responsibilities, allowing him to oversee the company with minimal direct involvement.

What role does the speaker play in Ken's business?

The speaker helps Ken grow his social media presence, with the goal of attracting more credit investors, and manages Ken's social media content creation.

How has the speaker's involvement impacted Ken's social media results?

The speaker has increased the views and engagement on Ken's social media by over 20 times while also reducing the time Ken spends on it by over 60%.

What is the speaker's strategy for solving problems for wealthy clients?

The speaker focuses on saving wealthy clients time, as their time is more valuable due to their higher income, thus providing a greater return on investment for his services.

What are the two approaches the speaker mentions for building a high-performing team?

The two approaches are training talented individuals from scratch or hiring individuals who are already highly skilled in the required areas.

Why is being an A+ leader important for the speaker's business model?

Being an A+ leader attracts high-caliber employees who are willing to work with the speaker, contributing to the success and growth of the business.

How does the speaker describe the ideal business model he is striving to create?

The ideal business model is one that grows on its own, with minimal direct involvement from the owner, allowing for scalability and sustainability.

What personal sacrifices is the speaker willing to make to achieve his business goals?

The speaker is willing to work long hours for an extended period to set up a business that can grow independently, even if it means working 15 hours a day for 10 years.