To live a high-income, low-work lifestyle, your job is to remove yourself from the flow of work as much as humanly possible.
This is one of those “simple but not easy” things to do. The process is very simple. It’s not easy, because it’s emotionally difficult. As the big, badass business owner / entrepreneur, you believe you can do everything better in your business than anyone else. Of course this is untrue. My businesses require a lot of regular functions that other people can and do much better than I can.
Your business is also your baby, and removing yourself from the flow of work can be emotionally painful, and can take time to get accustomed to.
Doesn’t matter. If you want to make as much money on as few works hours per week as possible, you need to suck it up and do it. The process is very straightforward:
1. Do a time audit. You’ll need to do it for at least three business days. Five business days is even better.
2. When done, go back through your audit list and make a list of everything you can possibly outsource to someone else.
3. For every remaining item, ask yourself: “Does this really make me money? Or is this something that needs to be done but doesn’t actually make me money?” If it’s the latter, outsource it.
4. For the tasks that actually do make you money, ask yourself: “Could someone else do this better or faster than me?” If the answer is yes, outsource it.
After doing those four steps, you will find that the vast majority of your daily tasks can be outsourced. If you feel compelled to keep doing any tasks, make yourself justify, with real dollars, why you must do those things. Do you REALLY need to do those things?