Creative Capital Podcast 32: The Art Of Outsourcing With Dan Handford

Creative Capital

Josh Ferrari

Business, Investing

4.9 • 62 Ratings

🗓️ 1 January 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have you ever experienced doing almost anything and everything by yourself, and felt overloaded that you just want to pass on the workload to others? If so, then you are not alone! Others feel that way too! Whatever job that you are consistently procrastinating, is no longer good for you, for the business, and won't help anyone in the long run.

Thus, if you are looking at scaling and growing your business to the optimum level, outsourcing certain tasks to others who are best at it is one of the utmost human resource strategies you want to consider.

Our guest for today, Dan Handford, is the Managing Partner of PassiveInvesting.com and the co-host of Tough Decisions for Entrepreneurs Podcast. He has an extensive successful background in starting multiple seven-figure businesses from scratch including a large group of non-surgical orthopedic and sports medicine clinics located in South Carolina with a team of 50 employees running for him. Prior to real estate, he owns an online company that sells educational plastic models as well.

Tune in to this episode as Dan brings us his golden wisdom on how outsourcing and delegation can save you time, energy, and money and how it can make your business life, and personal life, easier.

We discuss topics like:

What got you interested in investing in real estate?
What is "Outsourcing"?
How do you know when you need to outsource something?
What does it take to outsource tasks/hire people the right way?
What did you find as a common thread for that infamous glass ceiling when it came to scalability in your companies?
How do you go about hiring?
Once you properly outsourced those tasks, what happened?
How do you know who to outsource the task to?
When it comes to finding the right person to do the task, how do you rate culture fit, skillset, & experience?
What are some key factors to look for in a potential partner/new hire when attempting to outsource something?

Pod Decks Segment.

"Core Four" Segment.

Favorite Real Estate Related Book.
Unique skill that helped you become successful.
Tell me something that's true about real estate that almost nobody agrees with you on.
One piece of advice you would give to our listeners wanting to succeed in real estate investing

Resources:

For more information about Ferrari Capital, visit us on our website @ https://www.ferraricapital.com

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to the Creative Capital Podcast. You're dying to learn about how you can
0:09.3	create wealth through real estate investing then you come to the right place. Join in every week as we go
0:15.3	over the ends and outs of real estate investing and learn how you two can become
0:19.9	financially free. That's how a lot of these companies scale and grow is they find people that already know how to do it and
0:28.0	then they just hire them to do it and it allows them to grow and allows them to scale.
0:32.4	What's going on everybody? This is Josh Ferrari, host of the Creative Capital Podcast.
0:38.0	On today's episode, we really dive in to delegation, outsourcing, and finding out how to hire the right person.
0:48.6	Now I know for me personally and Ferrari Capital here, we are 1,000% headed directly into 2021 with the mindset of outsourcing,
1:00.8	automation, delegation, and just making, I guess, business easy, making a life easy.
1:08.0	Because you know when you first start up a company, you really have to do everything yourself,
1:11.6	one, you don't have any money.
1:12.8	Two, you're just really figuring everything out.
1:14.8	And you're trying to make it work. You're trying to put the pieces together.
1:17.6	You're trying to build your brand and build that success.
1:21.5	And so there's a certain level and a certain point that you'll reach in your business
1:26.1	when you decide that you're kind of that glass ceiling for your business.
1:30.5	You can't get any higher, any quicker, or any faster. You can't scale until you kind of move out of your own way.
1:37.5	And you bring someone else on that will probably do that job better than you because I know that every job that has to be done in order
1:45.7	to be successful in a business, you're not gonna like. There's gonna be certain things that
1:51.4	you're always gonna procrastinate on and those are the things that you really
1:55.3	need to hone in on and realize that's not what you need to be doing with your time.
2:00.0	If you enjoy analyzing deals in real estate, that's what you need to be spending your time on.
	...

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