5 • 853 Ratings
🗓️ 19 July 2024
⏱️ 6 minutes
🧾️ Download transcript
Do you know the difference between being a CEO and an entrepreneur? Everyone starts their business as an entrepreneur, hustling and DIYing to solve problems and make progress. But eventually, to grow, you need to become a CEO who values systems and processes and understands the relationship between time and money. Today, we’ll discuss how to leverage your time to increase your income and provide three key questions to help you evaluate where you are on this journey and where you might be headed next.
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0:00.0 | Business can be a lonely game, but it doesn't have to be. |
0:09.0 | Welcome to Boutique Chat, where we explore community over competition and how to scale your company with the balance and the happiness that we all seek. |
0:16.0 | We'll hear from product-based businesses of all types, retailers, e-commerce, and wholesale brands, |
0:21.7 | along with industry experts shaping the future of our industry. |
0:25.2 | I'm your host, Ashley Alderson from the boutique hub, and I can't wait to chat. |
0:33.8 | Okay, you've heard me talk about this idea that there is a difference between being a CEO and |
0:38.6 | being an entrepreneur. And essentially, it's like this. Everyone starts their business as an entrepreneur. |
0:44.1 | We're trying to figure it out. We're trying to solve the problem. We're hustling. We're doing all the |
0:47.6 | things. We're maybe DIYing a little bit just to get our way forward. But eventually we realize, |
0:53.5 | well, the only way to grow is to really be a CEO |
0:56.2 | who values systems and processes. And ultimately, he understands the relationship between time and money |
1:01.7 | because that is the ultimate definition in business. You see, time in this world is the only thing |
1:07.1 | that's limited. Truly, we cannot create any more of it. But money in this world is |
1:11.1 | infinite. And so a CEO does a really good job of understanding how to leverage if I invest |
1:17.0 | money to create more time than my business can grow. So if you want to get a quick pulse on where |
1:23.7 | you are, am I being the CEO? Am I being the entrepreneur? How am I showing up right now? |
1:27.9 | I want to give you three questions to help just judge where am I at on this journey and maybe |
1:33.5 | give you a little bit of insight about where you're going to go next. All right, the first question is |
1:37.5 | this. Are you actively saying no to busy work and asking for help so that you can focus on |
1:43.5 | income generating activity. |
1:46.1 | Ooh, are you actively saying no to busy work so that you can focus on income generating |
1:51.5 | activity? Boy, so clear. That's one of the first lessons I learned is where do I need to ask for |
... |
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