I’m Evan Carmichael welcome to another edition of ask Evan today maintain a
edition of ask Evan today maintain a
edition of ask Evan today maintain a question from one of our Facebook fans
question from one of our Facebook fans
question from one of our Facebook fans on the Telus talks business Facebook
on the Telus talks business Facebook
on the Telus talks business Facebook page John Carter who wrote insane I have
page John Carter who wrote insane I have
page John Carter who wrote insane I have a question for Evan comic com for the
a question for Evan comic com for the
a question for Evan comic com for the challenge series for growing real estate
challenge series for growing real estate
challenge series for growing real estate investment business what are the
investment business what are the
investment business what are the employee roles we should hire as we grow
employee roles we should hire as we grow
employee roles we should hire as we grow we currently have an outsourced model
we currently have an outsourced model
we currently have an outsourced model with marketing web design property
with marketing web design property
with marketing web design property management legal accounting and
management legal accounting and
management legal accounting and bookkeeping outsourced so thanks for the
bookkeeping outsourced so thanks for the
bookkeeping outsourced so thanks for the question John congrats and building the
question John congrats and building the
question John congrats and building the business up to that size so far I’m
business up to that size so far I’m
business up to that size so far I’m going to give you three pieces advice
going to give you three pieces advice
going to give you three pieces advice that I hope will help you take your
that I hope will help you take your
that I hope will help you take your business to the next step number one
business to the next step number one
business to the next step number one what score do your business before you
what score do your business before you
what score do your business before you outsource anything in your business you
outsource anything in your business you
outsource anything in your business you should ask yourself which functions are
should ask yourself which functions are
should ask yourself which functions are core to what you do and which are
core to what you do and which are
core to what you do and which are supportive for example bookkeeping and
supportive for example bookkeeping and
supportive for example bookkeeping and accounting makes sense to outsource your
accounting makes sense to outsource your
accounting makes sense to outsource your real estate company not an accounting
real estate company not an accounting
real estate company not an accounting firm let them do what they do best so
firm let them do what they do best so
firm let them do what they do best so you can do more of what you do best
you can do more of what you do best
you can do more of what you do best other areas like marketing can be
other areas like marketing can be
other areas like marketing can be trickier is your marketing methodology a
trickier is your marketing methodology a
trickier is your marketing methodology a key component to your company is that a
key component to your company is that a
key component to your company is that a differentiating factor compared your
differentiating factor compared your
differentiating factor compared your competition is it core to the way you do
competition is it core to the way you do
competition is it core to the way you do business vital to your success if no
business vital to your success if no
business vital to your success if no then outsource if yes then keep it
then outsource if yes then keep it
then outsource if yes then keep it in-house as you building your business
in-house as you building your business
in-house as you building your business think of it as an asset that you’re
think of it as an asset that you’re
think of it as an asset that you’re eventually going to sell and for a great
eventually going to sell and for a great
eventually going to sell and for a great price too if your marketing process is
price too if your marketing process is
price too if your marketing process is indeed core to your success then keeping
indeed core to your success then keeping
indeed core to your success then keeping it internally increases the value of
it internally increases the value of
it internally increases the value of your asset you can’t leverage outsourced
your asset you can’t leverage outsourced
your asset you can’t leverage outsourced bookkeeping for example to sell your
bookkeeping for example to sell your
bookkeeping for example to sell your business for a higher price outsourcing
business for a higher price outsourcing
business for a higher price outsourcing is a fantastic way to let other people
is a fantastic way to let other people
is a fantastic way to let other people do what score to them and let you do
do what score to them and let you do
do what score to them and let you do what score to you before you outsource
what score to you before you outsource
what score to you before you outsource your next function think about what
your next function think about what
your next function think about what really makes your company successful and
really makes your company successful and
really makes your company successful and what’s going to boost your growth over
what’s going to boost your growth over
what’s going to boost your growth over the next five years anything that is a
the next five years anything that is a
the next five years anything that is a key component to that success should be
key component to that success should be
key component to that success should be made core and kept in-house
made core and kept in-house
made core and kept in-house number two where do you add the most
number two where do you add the most
number two where do you add the most value just because a function is core to
value just because a function is core to
value just because a function is core to your company success it doesn’t mean
your company success it doesn’t mean
your company success it doesn’t mean that you have to do it next up is to
that you have to do it next up is to
that you have to do it next up is to think about what is core to you yes it’s
think about what is core to you yes it’s
think about what is core to you yes it’s time to give up control it’s easy to
time to give up control it’s easy to
time to give up control it’s easy to give away the tasks you’re not good at
give away the tasks you’re not good at
give away the tasks you’re not good at and don’t enjoy but you’ll often have to
and don’t enjoy but you’ll often have to
and don’t enjoy but you’ll often have to give up some projects that you do enjoy
give up some projects that you do enjoy
give up some projects that you do enjoy and are the best at because your time
and are the best at because your time
and are the best at because your time can be put to better use somewhere else
can be put to better use somewhere else
can be put to better use somewhere else where do you add the most value to your
where do you add the most value to your
where do you add the most value to your business the more time you spend on
business the more time you spend on
business the more time you spend on those high-value activities the more
those high-value activities the more
those high-value activities the more your business is going to grow the other
your business is going to grow the other
your business is going to grow the other tasks still have to get done but they
tasks still have to get done but they
tasks still have to get done but they can be handled by someone on your team
can be handled by someone on your team
can be handled by someone on your team I’m constantly asking myself from the
I’m constantly asking myself from the
I’m constantly asking myself from the way to the office what can I do today
way to the office what can I do today
way to the office what can I do today that will add the most value to my
that will add the most value to my
that will add the most value to my business if you find yourself doing too
business if you find yourself doing too
business if you find yourself doing too many repetitive or low value tasks to
many repetitive or low value tasks to
many repetitive or low value tasks to think about elimination automation and
think about elimination automation and
think about elimination automation and delegation number three make room for
delegation number three make room for
delegation number three make room for CEO time my final piece of advice is to
CEO time my final piece of advice is to
CEO time my final piece of advice is to make sure you spend time on your
make sure you spend time on your
make sure you spend time on your business and not just in it this is what
business and not just in it this is what
business and not just in it this is what I call CEO time if you’re constantly
I call CEO time if you’re constantly
I call CEO time if you’re constantly being dragged back into the day-to-day
being dragged back into the day-to-day
being dragged back into the day-to-day operations of your business then you
operations of your business then you
operations of your business then you won’t be able to spend any time growing
won’t be able to spend any time growing
won’t be able to spend any time growing it when you’re first starting out you
it when you’re first starting out you
it when you’re first starting out you have to get past the survival stage
have to get past the survival stage
have to get past the survival stage where you have enough money to put food
where you have enough money to put food
where you have enough money to put food on the table and pay the bills after
on the table and pay the bills after
on the table and pay the bills after that it’s time to think about growth and
that it’s time to think about growth and
that it’s time to think about growth and it won’t come with you trying to do
it won’t come with you trying to do
it won’t come with you trying to do everything yourself make sure you’ve
everything yourself make sure you’ve
everything yourself make sure you’ve blocked out time every week ideally
blocked out time every week ideally
blocked out time every week ideally every day where people know not to
every day where people know not to
every day where people know not to distract you so you can have your CEO
distract you so you can have your CEO
distract you so you can have your CEO time to focus on growth projects for
time to focus on growth projects for
time to focus on growth projects for most entrepreneurs is easiest to have
most entrepreneurs is easiest to have
most entrepreneurs is easiest to have their CEO time in the morning before the
their CEO time in the morning before the
their CEO time in the morning before the craziness of the day hits as much as
craziness of the day hits as much as
craziness of the day hits as much as possible I try to build a no crisis
possible I try to build a no crisis
possible I try to build a no crisis business where we can focus on being
business where we can focus on being
business where we can focus on being proactive and chasing down new
proactive and chasing down new
proactive and chasing down new opportunities instead of constantly
opportunities instead of constantly
opportunities instead of constantly reacting to emergencies and putting out
reacting to emergencies and putting out
reacting to emergencies and putting out fires you get there by controlling your
fires you get there by controlling your
fires you get there by controlling your time and setting boundaries around what
time and setting boundaries around what
time and setting boundaries around what you will and will not accept you have to
you will and will not accept you have to
you will and will not accept you have to first appreciate and recognize that your
first appreciate and recognize that your
first appreciate and recognize that your time is extremely valuable before others
time is extremely valuable before others
time is extremely valuable before others will
will
will thank you for joining me for another
thank you for joining me for another
thank you for joining me for another edition of ask Evan if you like the
edition of ask Evan if you like the
edition of ask Evan if you like the video you wanted some more please give
video you wanted some more please give
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it a thumbs up below it makes you want to do more of these videos for you and
to do more of these videos for you and
to do more of these videos for you and if you have a question about this video
if you have a question about this video
if you have a question about this video or question about your own business I
or question about your own business I
or question about your own business I feel free to leave in the comments
feel free to leave in the comments
feel free to leave in the comments section below or join us in the facebook
section below or join us in the facebook
section below or join us in the facebook conversation and hopefully we can
conversation and hopefully we can
conversation and hopefully we can feature you in the next challenge series
feature you in the next challenge series
feature you in the next challenge series video that we do for Telus talks
video that we do for Telus talks
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