287. Dan Martell — Buy Back Your Time: Mastering the Art of Delegation [Encore Edition]

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Marketing, Entrepreneurship, Management, Business

5.0 • 538 Ratings

🗓️ 6 August 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Growing a law firm generates new challenges, bigger problems, and more pressure for the owner. But it doesn’t have to be painful, and it doesn’t have to become a business you hate. Best-selling author of Buy Back Your Time Dan Martell has made it his mission to help entrepreneurs free themselves up to increase their impact, spend their time effectively, and design a life they truly love. In this episode of The Game Changing Attorney Podcast, Dan and Crisp Founder & CEO Michael Mogill discuss: How to grow a business you don’t hate The right hiring order for your growing business The biggest mistakes most entrepreneurs make (and how to avoid them) ---- Show Notes: 00:00 – Introduction 02:54 – Dan Martell's Journey and Motivation Behind the Book 05:41 – The Buyback Principle and Overcoming Entrepreneurial Challenges 07:13 – Understanding Leverage and the Four C's 08:55 – The Buyback Loop and Avoiding the Pain Line 10:05 – The Three S's: Stall, Sell, Sabotage 13:16 – Delegation and the Buyback Rate Calculation 23:14 – The Cost of Hiring: COO vs. Assistant 23:27 – The Buyback Rate Explained 24:18 – The Five Time Assassins 29:21 – The Replacement Ladder 36:28 – The Buyback Life: Aligning Tasks with Purpose 40:05 – Prioritizing Health as an Entrepreneur 42:54 – Closing Thoughts: Becoming a Game Changer ---- Links & Resources Buy Back Your Time by Dan Martell Naval Ravikant Ironman Customer relationship management (CRM) SaaS Academy Alex Hormozi CrossFit Jim Rohn ---- Listening to this episode but want to watch it? Check it out on Spotify. Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: #158 Alex Hormozi – The Power of Humility in Achieving Entrepreneurial Success #243 AMMA — Success Without Safety Nets: The Entrepreneurial Journey #264 Bill Perkins – Die with Zero: Getting All You Can From Your Money and Your Life

Transcript

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0:00.0	I've seen people, they're like, I need to hire a C-O. I read a book, got to hire a C-O. And I'm like, you don't even have an assistant. That's Dan Martel, award-winning entrepreneur and the best-selling author of Buy Back Your Time. Get unstuck, reclaim your freedom, and build your empire. You don't need a C-O. You need to learn how to work with an assistant, let alone a C-O. COO, who costs you
0:25.0	Thank you. Get unstuck, reclaim your freedom, and build your empire. You don't need a COO.
0:21.0	You need to learn how to work with an assistant, let alone a CEO.
0:24.0	CIO could cost you 300 grand.
0:25.6	An assistant could cost you as little as 10,000 a year full-time if you want to go international.
0:35.3	I'm Michael Moldwell, founder and CEO of Crisp, the nation's number one law from growth company.
0:40.0	I've built my business through practice, not theory.
0:42.8	Crisp started with just $500 to my name and has grown to over eight figures in revenue
0:46.8	over the last few years, earning a spot on the Inc 500 list of the fastest growing private
0:51.3	companies in America.
0:52.6	Our approach has been to take everything we've learned about generating massive growth within our own organization and help the
0:58.0	country's most ambitious and committed law firm owners do the same for theirs. In each episode of this
1:02.4	podcast, I sit down with innovative market leaders from the legal industry and beyond to learn from
1:07.3	those who thrive in the face of adversity, challenge the status quo, and define what it means to be a true game changer.
1:13.9	Today, we're revisiting one of our most popular episodes from the podcast where I sat down
1:18.0	with Dan Martell to discuss how to calculate your buyback rate and delegate confidently,
1:22.7	the five-time assassins and how to avoid falling victim to them,
1:25.8	and how to build a business that you don't grow to hate.
1:28.9	Four people hired in the right sequence now gets you generating money while you're sleeping, which is the ultimate dream of every entrepreneur.
1:36.7	Sequencing equals success.
1:38.5	And if we follow that, it's really impossible for you to build a business that you grow to hate.
1:43.5	That's coming up on the Game Changing Attorney Podcasts.
	...

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