1099: Buy Back Your Time and Achieve Scalability by Learning to Work ON Instead of IN Your Business with Strategist and Co-Founder of Better Than Rich Mike Abramowitz

Saturday, May 4, 2024

Ever wanted to reclaim your time and achieve greater freedom in your schedule? Some strategies such as discovering what drains your energy and setting certain boundaries can give you back control of your time. As you implement these, you'll not only become more efficient and less stressed but also find yourself with more freedom to pursue your passions and nurture meaningful connections. 

Mike Abramowitz is a business strategist and the co-founder of Better Than Rich, a business training and coaching program. He helps others achieve time freedom by identifying energy-draining tasks, setting clear boundaries, and leveraging AI assistants to automate workflows. After spending 8.5 months in the hospital with his newborn son, Mike learned how to systematize his own business to run without him, allowing him to focus on his family. Today, Mike shares his expertise on delegating tasks, creating systems and processes, and leveraging technology and virtual assistants to free up time for entrepreneurs.

Quotes

“My focus is helping entrepreneurs who have a business and a family and are high earners. It's to help them buy back their time so they can reinvest it into what matters most to them.” – Mike Abramowitz

"Know what season you're in and make sure you're navigating with the appropriate strategy depending on the season." – Mike Abramowitz

“If you want an apple tree in the fall, make sure you're planting apple seeds for the type of business you want. If you're in a summer season, grinding and working, keep your head down and don't try to tackle multiple things at once.” – Mike Abramowitz

Takeaways

03:25 Entrepreneurs should define the purpose of their business and prioritize their time and energy accordingly to achieve time freedom.

08:48 Implementing systems, processes, and documentation (playbooks) can create predictability and efficiency in a business, allowing the owner to step away.

16:49 Systematizing a business requires ongoing maintenance and improvement to ensure it remains efficient and effective over time.

21:08 Delegating and offloading administrative tasks to virtual assistants and a dedicated team can free up an entrepreneur's time to focus on high-value activities.

24:54 Knowing the current "season" of one's business and adjusting strategies accordingly is crucial for navigating challenges and opportunities.

Resources

Podcast: Play in new window | Download (Duration: 26:41 — 36.8MB) | Embed

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