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Wealthy Way

Business Owners Guide to Regaining Time and Focus

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 9 June 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

Spending time to make money vs spending money to buy your time back.---Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/If you want to level up, text me at 725-444-5244! ---About Ryan Pineda: Ryan Pineda has been in the real estate industry since 2010 and...

Transcript

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0:00.0

That's what I've learned over the years. I've coached thousands of entrepreneurs at this point, invested in hundreds, and I just see sometimes they build the business in a way that it's so complicated and the team part of it is just so frustrating that it's not the market it's not the

0:14.3

customers it's not like the economy it's not the interest rate dude it's

0:17.4

literally I don't want to do this anymore yeah so what I shared at that

0:21.3

event was kind of the philosophy of the replacement ladder,

0:25.6

which I talked about it, I think it's chapter five in my book, just like, but I really unpacked it.

0:29.8

Like I wanted to like simplify it, because his audience, you know know are people that are thinking about getting into business.

0:34.8

Yeah, they're just getting started. Yeah, and I was like here's you know here's the way we want to look at you know value and time because what I learned is

0:41.0

small business entrepreneurs or small businesses because they don't value their time.

0:45.0

And they usually try to spend time to save money.

0:50.0

Problem is you're supposed to spend money to save time.

0:52.5

Right.

0:53.0

So like even that frame is broken, so I just went really deep on that concept, the replacement ladder,

0:58.8

and who to hire and what sequence.

1:00.2

If you do it right, the cool part is in four hires, you actually have a business you can be free from.

1:04.0

Yeah, that people are like, no you can't, here I'll show it to you.

1:07.0

And then the other thing I shared that I know people really loved was the one-three rule,

1:12.0

which is how to push decisions down to people that

1:16.0

have the most information about the decision but do it in a way where you feel like

1:20.5

you're at least in the loop and that they evaluated or considered all the options.

1:25.7

Because you ever have somebody say, hey, man, I made this decision.

1:28.4

And it's not the decisions, like you're like, okay, I get that, but why?

1:32.4

See, as an entrepreneur, I get that, but why?

...

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