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Buy Back Your Time
Learn how to work less, free up time, and still grow your business.
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The Buyback Principle
Free Up Your Time
Don't hire to grow the business, hire to buy back your time.
Focus on High Value Tasks
Identify the tasks you excel at, enjoy, and bring the highest revenue.
The 95/5 Rule
Only 5% of what you do really counts, delegate the rest.
Hitting the Pain Line
1
Sell
Entrepreneurs experiencing pain may want to sell their business.
2
Sabotage
They may make bad decisions that harm the company's growth.
3
Stall
Not growing is equal to a decision to slowly die.
The Buyback Loop
1
Audit
Identify low value tasks that drain your energy.
2
Transfer
Delegate those tasks to someone who enjoys them.
3
Fill
Focus on high value tasks that light you up and make money.
The Drip Matrix
Buyback Rate Calculation
Calculate Your Buyback Rate
Divide your annual income by 2,000 hours to find your hourly rate. Then, divide that number by 4 to determine your buyback rate.
The Only 3 Trades That Matter
Employee
Trades time for money.
Entrepreneur
Trades time for more time.
Empire Builder
Trades money for more money.
Time and Energy Audit
1
Track Your Time
Record your tasks every 15 minutes for a few days.
2
Assign Dollar Values
Rate each task from 1 to 4 dollar signs based on value.
3
Highlight Energy Levels
Mark tasks in red for energy drain and green for energy boost.
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