Simply Smarter Numbers

Jen Waterson Business Profit Coach

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Ditch the Time For Money Exchange I 3 Steps to Leveraging Your Time

8/31/2020 • 21 min

This week I’m talking about how to reduce your reliance on time for money by building some leverage into your business. Time for money is commonplace among service businesses. The problem with selling time for money is of course that the heavy reliance on the business owner to make money creates unnecessary stress and pressure. Time for money also puts a cap on our growth, whether we like it or not. I’m talking about introducing leverage into your business and the part that it plays in building the most elegant version of your business. An ‘elegant version’ as opposed to a ‘busy version’. In particular, I’m talking you through my SOS Leverage Ladder. This 3 step process will to get you set to ditch the time for money business model. We talk through 1 - Streamlining your systems and why this is the absolute first and only place to start. 2 - Outsourcing and looking at whether outsourcing will help or hinder your leveraged growth and 3 - Structures. How you can best structure your services to create leverage in your business. I then take a deep dive into my personal favourite way to structure services to build leverage - the Hybrid 1 to many program.

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