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EP30 The three hats you wear as a founder
How To Be Moderately Successful.
English - July 16, 2024 05:30 - 29 minutes - 20 MB - ★★★★★ - 1 ratingEntrepreneurship Business Technology leadership entrepreneurship founders business startup habits scaling crypto investing personal finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this conversation, Mike discusses the three different roles that entrepreneurs play in a small and mid-sized business: shareholder/investor, director, and employee. He emphasizes the importance of understanding and separating these roles to avoid overwhelm and maximize productivity. Scott provides a delegation framework, the 70% rule, and introduces the Eisenhower matrix as tools to prioritize tasks and focus on high-value activities. He also encourages entrepreneurs to determine the value of their time and delegate tasks that can be done at least 70% as well by someone else.
Takeaways
Entrepreneurs in small and mid-sized businesses play three different roles: shareholder/investor, director, and employee.
Understanding and separating these roles is crucial to avoid overwhelm and maximize productivity.
The 70% rule can help entrepreneurs determine which tasks to delegate by asking if someone else can do it at least 70% as well.
The Eisenhower matrix is a useful tool for prioritizing tasks based on urgency and importance.
Entrepreneurs should determine the value of their time and focus on high-value activities.
Chapters
00:00 Introduction
08:08 Shareholder/Investor Role
14:15 Director Role
19:23 Determining the Value of Your Time
25:32 Delegating and Prioritizing Tasks
28:07 Conclusion
Find out more about working with me. [email protected] or https://www.linkedin.com/in/mikeadamscott/