"I can't afford any help"


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1 year ago
My step by step hiring process 👇 1. “I can’t afford it” Entrepreneurs get confused about how much their time is worth. Here’s the formula to make it easy: Your time is worth how much your business pays you divided by 2000 hours. Then you need to calculate your buy back rate: No one should be doing work they can’t outsource for 1/4 of what they’re taking home. Let’s say your business pays you $100,000/year, that’s $50/hour (Assuming you work 40 hours per week). Your buy back rate in this case would be: $12.50. Everyone has a buy back rate, even if you make $50,000/year, that’s $6.25/hour. You could hire TWO full-time VAs overseas to support your business with that amount of money. Get creative. But what should you make them do? That’s where ATF comes in: 2. Audit, Transfer, Fill Audit: First your look at all the time you spend in a day (Look at every 15 minutes, I’m serious) And score those activities according to: 1. How much money they make you. ($ vs $$$) 2. How much it lights you up. (Green, Yellow, Red) For me: Financials and projections are boring - RED Creating content is exciting - GREEN Does this task make me money? How much would it cost to offload to someone else? Responding to emails - $ Sales calls - $$$ But how do you get the right person? Move to the last step: 3. The Test First Hiring Method Here’s my rule: I don’t work with you until I work with you. Let’s pretend you hire an EA (Executive Assistant) to manage your emails and calendar (my recommendation) Create a “test project”. Simulate the work they would do in your business. Pay them for their time (A bad hire is a lot more expensive) And see how they perform. 9/10 times you can filter the bad apples before they even get on your team. 💬 Message me the word “EA” on Instagram And I’ll send you my FULL Executive Assistant Playbook sanitized that includes my Test Project Template;) @danmartell

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