In this insightful episode of "The Premium Mindset" Podcast, Cameron Bawden and Evan Ritchey dive deep into the concept of *buying back your time*—a powerful strategy for business owners seeking to break free from the cycle of constant hustle. They share practical examples, like what work you should hire out and for how much, and how creating efficient processes can give you the freedom to focus on your strengths. Discover the secrets to delegating effectively, overcoming the addiction to constant work, and mastering the art of systematizing your business. Learn how making small but strategic changes in your routine can lead to massive shifts in your personal and professional life. Whether you’re a seasoned entrepreneur or just starting out, this episode will leave you with actionable insights that can help you reclaim your time and achieve a healthier work-life balance. Tune in for an eye-opening conversation that can change the way you run your business and live your life. Don’t miss out! TIMESTAMPS
0:00-0:20 – Introduction to the concept of systemizing your business
0:21-1:08 – The constant need to be working as an entrepreneur
1:40-2:28 – The real reason entrepreneurs start a business: Family vs. Work
2:29-3:06 – Do you need the business, or does the business need you?
3:07-3:54 – The fear of delegation and the struggle to hire correctly
4:43-5:28 – Learning to build a "dummy-proof" system for scalability
6:04-6:49 – Training your team to handle tasks independently
7:25-8:11 – The power of documentation: Loom videos and manuals
8:50-9:26 – Creating clear operational standards for employees
10:03-10:40 – The "zero inbox" policy: Setting clear expectations
11:29-11:56 – Honoring company standards and maintaining accountability
12:12-12:33 – Marcy's achievement of collecting 99% of the billings and passing the torch
12:55-13:17 – Trusting someone to take over tasks to buy back your time
13:43-14:07 – Acknowledging the business addiction and efforts to reduce it
14:34-14:58 – How to start delegating tasks to create more time for yourself
15:24-15:51 – The principle behind buying back your time: paying someone a quarter of your hourly wage
16:17-16:49 – How business owners can avoid being consumed by work and focus on what they do best
18:12-18:36 – Balancing delegation with quality control for higher productivity and freedom
19:04-19:27 – Emphasizing the importance of hiring and focusing on sales to grow your business
20:33-20:59 – The impact of systematizing tasks and freeing up personal time for family and life outside work