4.8 • 6.9K Ratings
🗓️ 3 June 2020
⏱️ 17 minutes
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Lack of productivity KILLS your business. In this episode you will learn absolutely crucial tips to build a team around you that will maximize the efficiency of your business. If you aren't doing these things, you could be missing out on a lot of growth potential.
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0:00.0 | What Parkinson's law predicts, it's a business term, is that people will fill up their time. |
0:06.0 | If you give them one hour worth of work, but you pay them for eight hours, they will make it slower. |
0:21.0 | Has anybody here gone through school system ever heard this conversation about mental leaching, energy drains, glucose conservation of the brain zero? |
0:29.0 | Every fucking school system, the older I get, the more I learn, the more I rage against the system. |
0:35.0 | It's even worse than I thought. |
0:37.0 | For each person here who wants to become an entrepreneur, I'm going to teach you something that is a principle that is completely forgotten in the modern world. |
0:43.0 | And it's not Parkinson's disease, it's Parkinson's syndrome. |
0:47.0 | Parkinson's syndrome is a business term. |
0:50.0 | Parkinson's disease is a, you know, a neuromuscular degenerative disease. |
0:56.0 | But the one I'm talking about is the one that makes you broke. |
0:59.0 | So Parkinson's disease means this, you're an entrepreneur. |
1:02.0 | You have, you spend one hour a day on eight different things, marketing, you know, customer support, whatever it is. |
1:11.0 | So now you decide you're going to be smart. |
1:13.0 | You go, man, eight hours a day, I'm doing one hour on these eight things. |
1:17.0 | It's eating up my whole day, I have no time to plan and do new things. |
1:20.0 | So you go, let me hire eight people. |
1:23.0 | So you hire eight people, Bob, George, Susie, Billy, all the people, okay? |
1:29.0 | So now you go, let's say you hire seven people and you're the eighth. |
1:34.0 | So you would think today's going to be great. |
1:36.0 | You're going to wake up. |
1:38.0 | You're going to do your one hour worth of work. |
1:41.0 | And everyone else is going to do their one hour worth of work, right? |
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