510: Work Less and Make More by “Working the System” w/ Sam Carpenter & Josh Fonger
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 26 September 2021
⏱️ 87 minutes
🧾️ Download transcript
Summary
As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.
Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.
If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!
In This Episode We Cover:
Why a system doesn’t need to (and shouldn’t) be complicated to design and implement
Reducing your time, effort, and energy spent on work
Understanding which systems need to be fixed or removed entirely front our life
How to stop playing “whack-a-mole” with your business processes
Why so many businesses fall behind after improving
Creating a sustainable solution that gives you (the entrepreneur) maximum freedom
And So Much More!
Links from the Show
BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven
Click here to check the full show notes: https://www.biggerpockets.com/show510
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Transcript
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| 0:00.0 | This is the bigger pockets podcast show 510. |
| 0:03.6 | Our life is a collection of systems and processes. |
| 0:06.8 | Everything is a system or a process, even the towel hanging. |
| 0:10.1 | After you take a shower, the towel hanging on a towel rack in the bathroom is the system. |
| 0:14.8 | Because of osmosis and over time, the towel dries. |
| 0:18.3 | You're listening to bigger pockets radio. |
| 0:21.3 | Simplifying real estate for investors large and small. |
| 0:24.9 | If you're here looking to learn about real estate investing, without all the hype, |
| 0:29.0 | you're in the right place. |
| 0:31.0 | Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com. |
| 0:37.0 | Your home for real estate investing online. |
| 0:40.3 | What's going on everyone? It's Brandon Turner, host of the bigger pockets podcast here with my co-host. |
| 0:45.5 | Mr. David Green. I got no good nickname for today. |
| 0:48.6 | That's okay. We're going to call you Brandon throwing Bose Turner because you just |
| 0:52.4 | smashed your microphone with your elbow. |
| 0:54.9 | I did. Oh, that hurts. They're like at the funny bone right there. |
| 0:57.7 | Anyway, speaking of funny bone, let's get to today's quick tip. |
| 1:03.6 | I have no way to pull in funny bone into this quick tip, but I'm going to give the quick tip anyway. |
| 1:08.6 | So today's quick tip is related to what we're talking about today. |
| 1:12.1 | So today we're interviewing an author of a great book called Work the System, |
| 1:15.3 | his name is Sam Carpenter. It's kind of a different show. |
| 1:17.9 | We're the first half we interview Sam. |
... |
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