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“There is a ceiling to what you can make on your own” – Monty Hooke
Monty Hooke is the founder of EZYVA, theBali Entrepreneurs Resort, and the author of Business Hacker.
After observing the likes of Richard Branson and marveling at how one man could run 300 companies, he embarked on a quest to find his line of leverage. In this episode you will hear the story of how Monty went from solopreneur to 300 employees and from zero to 7 figure business in a year and a half.
The key as Monty sees it is understanding which stage (out of six) you are in as a entrepreneur, and what it looks like to go to the next stage and ultimately increase your leverage to the point where you are workin on the business rather than in your business.
He teaches us how to find and hire the right Virtual Assistants (VA’s), how to communicate clearly, manage expectations, delegate tasks, unpack the activities of your business, and start spending more time on your high value activities.
If you are a busy entrepreneur with lots of things you don’t want or don’t have time to do and you think your time is more valuable elsewhere, hiring an assistant is one of the most important things you can go for your business, and this episode will tell you what you need to know!
Quotes:
“There is a ceiling to what you can make on your own” – Monty Hooke
“The biggest thing about scaling is unlearning”- Monty Hooke
“What are your highest value activities?”- Monty Hooke
“I needed access to a team”- Monty Hooke
“Trust the process that when you clear you time, you will do more high value activities”- Monty Hooke
“You get what you pay for – don’t hire on price”- Monty Hooke
“Don’t take someone on unless you think that they will be with you forever”- Monty Hooke
“Adventure is living a life I get to choose and having the resources to do it”- Monty Hooke
What you will learn:
-How to hire and use a VA
-How to unpack all the processes of your business
-The 90% rule for letting your VA take over tasks
-How to find out how much you time is worth
-How to communicate clearly
-How to make the work you delegate task driven instead of conceptual
-Managing your own expectations about what can be done
-Why you should never use email to work with your virtual team
Continue the Adventure (Resources from this episode):
Thanks Monty Hooke!
If you enjoyed this session of The Art of Adventure Podcast, let Monty know by clicking on the link below and sending him a quick shout out on Twitter:
Click here to give Monty a shout out on Twitter!
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This episode is brought to you by the Travel Wisdom Podcast!
Ladan talks to all sorts of people (check out my episode here) and asks how travel has improved their lives. He’s and interesting dude who has spent about $30k to travel to 80 countries because he believes like I do that travel is an investment into your future.
Go to Travel Wisdom Podcast or find Travel Wisdom in iTunes or Stitcher or your favorite podcasting app. I love listening to the show and you should give it a try – I think you will as well.
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