Categories
Business Growth Entrepreneurship Personal Development

124: From Burnout to Balance: My Lessons from Jordan De Jong

In this reflection episode, Carl debriefs from his recent conversation with Jordan de Jong, founder of Australia’s largest online property portfolio mapping software, Gameplans. He reflects on the impressive transformation Jordan has undergone in a relatively short period. 

Carl emphasises Jordan’s ability to shift his business and work-life balance drastically, moving from 12-hour workdays to dedicating only three hours a day to work. Jordan’s journey is a testament to the power of personal transformation, highlighting how one can make substantial changes in various aspects of life with the proper guidance and commitment.

Carl also delves into practical business insights, discussing the concept of 10x thinking, inspired by Dan Sullivan’s book. He touches on the idea that building a million-dollar business versus a billion-dollar business requires the same effort but different levels of thinking. 

The episode concludes with Jordan’s message to his younger self, encouraging listeners to embrace life fully. You will be challenged to consider your own goals, determine the level of effort required to achieve them, and commit to playing the best game you can possibly play. 

IN THIS EPISODE, YOU’LL DISCOVER…

  • The early days of Jordan de Jong’s business and how he was able to shift his mindset towards work life integration (00:22)
  • Biggest takeaways from Jordan’s episode: the power of personal transformation if you choose to work on it (02:35)
  • How to 10x rather than 2x (04:01)
  • How entrepreneurship often takes a toll on one’s personal life (05:15)
  • The biggest message from Jordan: Play the best game you can possibly play (07:21)
  • What Jordan’s property modelling software company, Gameplans, is all about (08:39)

QUOTES

  • “The level of thinking that gets you to a million dollar a year business or a $2 million a year business is very different to what’s going to be required to get you to a 10, 20, 100 million dollar, billion dollar business.” – Carl Taylor

RESOURCES

10x Is Easier Than 2x

Gameplans

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

When you’re feeling fearful, when you’re feeling scared, when you’re feeling stuck, to just go, hey, okay, if I was to play flat, if I was going to really go for something, what would this look like? And for some, that’s wealth, success, for others, that’s serving and giving back to community. There are so many different ways. And for others, if you understand things, you can make a lot of money and you can give back and you can do that all together in one.

Welcome to another episode of the show. In this episode, I am debriefing from our great conversation earlier the week with Jordan de Jong. I don’t know if I pronounced that right. I know I just was speaking to him, but I’ve already kind of forgotten. I know the J is silent. 

This is the guy that I’ve known for less than a year, probably six months, really. But in that time, he has really thoroughly impressed me on numerous fronts. On the way he’s been able to show up and shift his business, and how he shows up in business, like how easily he takes on feedback and changes things and implements them for him to have gone from when he started his business, we talked about how he was spending twelve hour days in the business. And then the fact that was then impacting, he realised, while he and his wife weren’t fighting, he realised that, oh, I don’t really have that connection with my wife in the way that I used to, and I don’t really know my daughter because I’ve just been so engrossed in work. And so how he was able, he’s been able to shift things now. 

And now he’s really crafted a life and business, what I call work life integration, 3 hours, really a day now is what he puts into his work. And he’s got plenty of time to spend with his wife, with kids, and to go and make sure he works out and does other things that bring him joy. It’s just a huge hats off to him. And then realising that he’d put on all this weight from sitting there working and he’s gone and lost weight. He’s just a real inspirational dude in terms of showing what’s possible for a man or a dad to go, hey, I can see that what I’m doing is no longer working and I’m going to change it and I’m going to listen to the people who can support me through that journey. 

And I’m very grateful and lucky that I get to be one of those people who has helped him a little bit in his journey. Do not take credit. He’s the one who’s done the work. He’s the one that asked questions, and I just got to be a very small part of that. But it’s so incredible. So if you haven’t listened to the episode, it’s really us unpacking his journey of what led him to start his business, which was actually the birth of his child, how he went through that and everything that’s unfolded, it’s just a really great, natural conversation. 

The other thing that I really respect about Jordan is his heart. He’s a real, genuine dude. He shows up wanting to serve, wanting to help, and genuinely wants to connect with people. And it’s funny. Like, he loves having a chitchat. And yet, by his own admission in the episode, he said that he is an introvert. And it’s just an interesting, fascinating dynamic that he is an amazing man. 

So what were some of my biggest takeaways from our conversation? Well, apart from the fact that it just being absolute proof of what a man can do in a short period of time, when he gets the right advice and has a willingness to execute and makes the commitment to himself to change what he’s been able to do in a short period of time, at least from changing his hours. I mean, he’s had an incredible growth journey from business as well in that time as well. But being able to shift the amount of hours he’s working, the weight he’s been able to lose, getting himself healthy, reconnecting with his wife, and, getting to know his daughter, I think that is just a testament of the power of personal transformation that is possible for you, listener, watcher, if you are a dad as well, maybe in a situation similar to how he started, if you’re there going like, I just don’t know if I can change. You can. He’s a poster boy of showing just how much of a short time things can change if you choose to put in the work to do it. And so for me, that’s very rewarding in terms of what we’re doing at Dadpreneur, where we’re helping men with those key areas, right? We’re helping them with their business and getting them to work less hours. We’re helping them in their relationships and rekindling the passion and bringing back that connection and also being there for their kids and actually being a role model for their kids and then their health and losing weight and getting fit and healthy and getting their energy back and then ultimately building wealth, a couple of things that really stood out, though. 

If we get in practical business mode for a second, the idea of going, how do I. Ten x rather than two x. We talked about a book, 10x is better than 2x, which is by Dan Sullivan. And the general principle here is like, for him, he’s like, well, instead of going, hey, I’m getting ten leads a week right now, how do I get them to 20? He’s going, all right, if I’m getting ten leads a week, what would really have to happen for me to like ten x? It’s to be getting hundreds of leads a week. What would make me completely transform this industry? And so he’s got him thinking on a bigger level. one of the quotes he said, he said, he didn’t remember who said it, but it’s like building a million dollar business, and building a billion dollar business requires the same amount of effort. It’s just a different level of thinking that gets you there. Now, I don’t have a billion dollar business, so I can’t speak to that and to how true that is. I have a million dollar business. And I do wonder if that’s entirely, if that statement is entirely true. But I like what it points to, whether it’s actually true or not. What it points to is that there is a different level of thinking, right. The level of thinking that gets you to a million dollar a year business or a $2 million a year business is very different to what’s going to be required to get you to attend 2100 million dollar, billion dollar business. 

Many years ago, I had a conversation with a friend. Many entrepreneurs, we idolise the idea of the Steve Jobs and, Richard Branton’s and the people of this world, the Elon Musk. I want to be like them. I want to change the world the way they have. And we talked about how often for those men, they sacrificed their life to make those changes for the world. They sacrificed their life for the world, right. Usually their relationships are terrible. They’re not what you want to model in terms of home life. They might be these amazing business people. I mean, even Warren Buffett. I remember watching a documentary on a plane once about Warren Buffett, and it was interviews with his kids and his wife, or ex wife, technically, and, you know, them talking about their experience of living with Warren Buffett. If you don’t know who Warren Buffett is, he’s probably well known as probably the smartest investor of all time. One of the wealthiest men in the world. Berkshire Hathaway is the company that he has that he invests and he manages a lot of money. He’s just idolised in his ability to make money. And yet these interviews with these kids were like, they don’t know their kids, they don’t know their dad. It was not a happy look at him as a man for his whole life. But what it’s pointing to here is what his quote of it, the same effort required to make a million dollar business or a billion dollar business. It’s about deciding what you want. I think better would be like the same effort to build $100,000 business, to build a million dollar business. I think there’s a lot of truth in that. I’m sure there could be truth to the billion dollar side of things, too. Although at the billion dollar side, you’re probably. My belief system is you would be sacrificing more of your life than I’m personally prepared to do. But time will tell. Maybe I’m wrong. So that was another really cool takeaway that was shared. I thought it was interesting, too. He touched on that. He does the carnival diet and he eats only once a day. We didn’t delve into it. I probably wish I had delved a little deeper into it to understand why he does that. But it just, again goes to show there’s so many different ways you can kind of skin a cat, if you like, to achieve your goals. 

Ultimately, the biggest message that he left, I asked him at the end, what would you whisper to that earlier version of Jordan, who had his daughter just there in his arms, and he’s thinking about, should he start a business? What should he do? He said he would whisper, just do it. And he talked about how Jordan Peterson has this thing of like, we’re all in, in this life, we’re here, we’re going to die. This life is going to kill us. We are going to die one day. So you may as well play full out play and know play the best game you can possibly play while you’re here, because you’re going to die anyway. It’s going to happen. And I think there’s a poetry in that concept, but it really is a great way when you’re feeling fearful, when you’re feeling scared, when you’re feeling stuck, to just go, hey, okay, if I was to play flat, if I was going to really go for something, what would this look like? And for some, that’s wealth, success, for others, that’s serving and giving back to community. There are so many different ways. And for others, if you understand things, you can make a lot of money and you can give back and you can do that all together in one. 

So that’s a bit of a rundown of my biggest takeaways from my conversation with Jordan. If you want to learn more about Jordan, you can find his socials in the show notes and you can also find his company that he runs. So while we had this great conversation about his entrepreneurial journey, he does run an amazing company called gameplans.com au. It is a property modelling software, if you like, for planning out your property portfolio. So if you own multiple investment properties and you want to build an investment portfolio, I do recommend taking a look at gameplans.com. Au because you can sign up, create an account and you can plan out and model different scenarios. I personally use his software. It’s allowed me to plan out and decide which property strategy I personally want to use to achieve my goals. At the time, I was in this conundrum of like, do I go negatively geared? Which for the Americans that basically means properties that lose money but have a tax benefit, which is the majority of the Australian property market in residential, just so you know, at the time of recording. Or do I go for the lower priced, higher yield cash flow properties? They don’t, generally get the same amount of capital growth, but they do have cash flow. Or do I go commercial only? Do I do a mix of it all? And so I was able to run all these different scenarios and I think I ended up modelling about six different scenarios over the next 30 years with the different strategies at play so I could make a decision as to which one was going to be easiest for me to execute, going to have the biggest impact to my net worth and my ongoing cash flow for passive income. Ongoing. And I wouldn’t have been able to achieve that in just a conversation. I wouldn’t have been able to achieve that just by myself. I was only able to achieve that by using jordansoftwaregameplans.com. So do recommend checking that out. All right, I’m going to wrap this episode here and I’ll see you on the next one. Bye. 

Hey fellow Dadpreneurs, thanks for tuning in to today’s episode. If you’ve missed something said on today’s episode, you can find transcripts, links and other notes from today’s episode, as well as all other episodes over at rising show. That’s show not so. Head over to rising show to get all the information that you need.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

123: The Mindset Needed for 10X Growth with Jordan de Jong

Do you feel that your business takes up too much of your time every day? Are you craving the freedom that lets you focus on self-care, mental health, and relationships? 

If so, stick around because this episode offers practical tips on how you can be the true King of your business — not just its operator. 

In this episode of Dadpreneurs Rising, Carl interviews Jordan de Jong, a property investment advisor and founder of Australia’s largest online property portfolio mapping software, Gameplans.

Jordan shares how becoming a new dad was the catalyst for him to leave his corporate job and start his own business despite not yet knowing what he wanted to do. He began by contracting for various emerging buyer’s agencies and using his tech and data analytics background to help solve their problems, specifically in mapping out and systematising investment property portfolios.

The rapid growth of his business was a pat on the back for Jordan, but it also meant working 12+ hour days in the early stages, which he admits negatively impacted his relationship at home. After being encouraged to delegate tasks, Jordan now follows the “automation rate” principle to run the numbers on hiring the support he needs.

Being an entrepreneur may be extremely rewarding, but it can take a toll on your personal life. This episode will expose you to the value of the mindset shift from grinding “in” your business to strategic plays that can help you 10X “on” your business. It will encourage you to boldly pursue your passions and purpose.

IN THIS EPISODE, YOU’LL DISCOVER…

  • Who is Jordan de Jong? (00:30)
  • Jordan’s backstory (02:57)
  • The origins story of Gameplan (05:52)
  • How Jordan’s business impacted his relationship (14:06)
  • How Jordan prioritises work life integration today (19:03)
  • What is an automation rate? (21:44)
  • What a typical day for Jordan looks like (23:13)
  • Important things that started to shift in Jordan’s perspective (26:16)
  • The four key areas of the Dadpreneur Program (30:45)
  • The advice “now” Jordan would give young Jordan (34:09)
  • How to get in touch with Jordan (36:18)

QUOTES

“The best thing I ever did was learn about sales and marketing.  Follow up emails and sequences and everything else like that.  Ultimately, that’s what has really generated and created my business over the years.” – Jordan de Jong

“You can create any sort of business that you want to create. But if you think about things the right way, and the strategic way and think much bigger than just like, how do I get the next sale or the next lead, you can generate a whole lot more income for the same amount of effort and get there over a little while.” – Jordan de Jong

“If you want to be the king of your business, you need to be the owner, not the operator.” – Carl Taylor

RESOURCES

The Lean Product Playbook

10x Is Easier Than 2x

Jordan Peterson

About Jordan de Jong

Jordan de Jong is a Qualified Property Investment Advisor, who continually works with some of the most renowned property experts in Australia to build out strategies and review existing property portfolios for their clients.

Jordan has seen over 3,000+ property portfolio’s, his passion is educating clients on the powers of residential property and has built Australia’s largest online property portfolio mapping software called Gameplans, which allows investors to build out their scaleable property portfolios.

Get In Touch With Jordan de Jong

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

Jordan de Jong: The cool thing about being with these guys that had been in business for maybe two to three years now is they were kind of that one next level ahead of me in business. And so I got to learn from them as they were going through their different stages. And that’s when I got to read some different books and got some recommendations about what I should be doing.

Carl Taylor: Hello and welcome, everyone, to another episode. I am your host, Carl Taylor, and today we have another great conversation episode. It’s not just me sharing some stuff, but we’ve got an amazing guest and I, actually should have asked him this before I hit record, but how do I pronounce your last name, Jordan?

Jordan de Jong: It’s de Jong. It’s a silent J Diong.

Carl Taylor: All right, so it’s Jordan de Jong. And, let me tell you a little bit about Jordan. Firstly, I first met Jordan last year at a snow retreat. Well, technically we weren’t in the snow yet, but it was the first night dinner of a snow retreat and we were just having a great chat on that first night walking from the hotel down to dinner. And Jordan was just kind of sharing his journey of what he’s done. And that’s what we’re going to unpack a little bit more on today’s show. Jordan is a qualified property investment advisor who continuously works with some of the most renowned property experts here in Australia to build out strategies and review existing property portfolios for their clients. So he’s all about property. What he doesn’t say here in his bio is he’s also all about software and tech. Jordan, on the property side of things, has seen over 3000 plus property portfolios and his passion is in educating clients on the power of residential property, in particular here in Australia. And he’s built Australia’s largest online property portfolio mapping software. I’ve actually used this software. It’s called game plans and it allows you to build out scenarios, model different scenarios. And I was able to use this software, game plans. Personally, I was sitting in this conundrum of which route did I want to go. Negatively geared, positive cash flow, commercial property mix of the above. And I was able to map all those different scenarios over the next 2030 years of different acquisitions I might make, following different strategies to see the end result in cash flow, in capital growth, in everything. And it’s just a really great tool. So kudos to you. So welcome, dude. Thanks for coming on the show.

Jordan de Jong: Thank you. What a wrap. And yes, I do reminisce about that, discussion we were having late one evening walking down the pathway. But it was really, really good. I got to learn a lot about you and what you’re up to and what you’re doing and love your journey as well, but, yeah. Keen to unpack it all today.

Carl Taylor: Thanks, man. Well, yeah, look, as you know, I’ve taken a keen interest since I became a dad, and I know you’re not that long into being a dad either. For me, there was a big aha of being an entrepreneur for 20 something years before becoming a dad and then becoming a dad. There was this big aha of what changes and what’s different once you become a dad. So that was my journey. I had been in business for most of my life, since I was 15 before becoming a dad, but I know for you it was different. So let’s maybe start there. Just start sharing that story.

Jordan de Jong: Yeah, 100%. So backstory. Went to school, finished year twelve, went to uni, studied a bachelor of construction management, and slotted into my first corporate job at 19, I think. And I think I was earning like 20 grand a year or something.

Carl Taylor: Crazy.

Jordan de Jong: I was only doing one or two days and just getting paid nothing. But, it was a typical growing up experience. And I suppose what equated from that was me spending ten years on the corporate ladder. And I loved it. I grew my way up the ladder. I ended up getting my income to above six figures and grew my way up through the hierarchy of the business. But I, ah, had the complete opposite story. So for me, we ended up having our daughter, summer. I think I was about 29, and I remember once we had her, I was holding her in my arms and I looked at her and I go, oh, my God, this was me 29 years ago. Like, how flipping short is life? And at the same time, I had my dad come to visit me not too before then. And I could start to see, hm, him getting a little bit older, like he was 60. Now he’s starting to deteriorate. He wasn’t as quick and snappy as he always had been. And I was like, man, another 30, years, I’m going to be there. Like, how flipping short is life? And so in the back of my head, I always knew I wanted to start a business and I knew that I would do it someday. I just had no freaking idea what I was going to do. But that was ultimately the moment for me to go, wow, life is way too short. And if I don’t pull the trigger and make a move now, I don’t think I’ll ever do it and I’ll get too comfortable, and I’ll have this really nice automatic income that comes through from a normal job, and I’ll never pull the trigger to actually step out and make a decision to start the business.

Carl Taylor: if not now, when kind of thought process and I couldn’t relate. I’m sure many others listening can of seeing your parents now, I’m in my late 30s, but, like, seeing your parents and you see them as older, you just see how old they’ve not old, but how much older they’ve gotten. And it is, you kind of go, oh, okay. My time with them is limited. And as you said, I’m not that far from becoming that. That’s only another 2030 years away. So, yeah, dude, it’s so crazy.

Jordan de Jong: And then you think about their parents and how they’re nearly getting to, some of them are passing away, they’re really getting old and injuring themselves. And it’s just like that. I just really had this moment of like. And it was almost like overnight. It was really weird. It’s kind of like I had matured and then kind of looked at everything and just went, wow, this is such a short life. So, yeah, 100%.

Carl Taylor: So when you chose to start a business, did you just throw in the towel corporate world and go, I’m in business. Or did you kind of stagger it? Or how did you actually go about the mechanics of. Because you said, what am I going to start? How did you land on what you’re doing?

Jordan de Jong: Yeah, well, I like to tell people that I just said that I quit and left, which I kind of really did. One day I was like, I’ve had enough. I’m out of here. Here’s my four weeks. And I really had no idea what I was going to do. That’s the honest truth. But there is a little bit of a backstory. So five years prior, I started a property podcast, and I would have been like 23, 24 at the time. It was all about younger people getting into the property market. And through that podcast over two or three years, I met heaps of really cool people. I met people that were my age who had property portfolios. And funnily enough, behind the scenes, there was this industry called the buyer’s agent, which is kind of a new industry in Australia, very big in UK and America, but that was really growing behind the scenes. And so all these guys that I was getting on the podcast actually ended up becoming buyer’s agents. And so when I stepped off the corporate ladder, I had no idea what I was going to do. But what I did have is a whole bunch of 25 to 35 year old young dudes who are all starting businesses and super, super hungry. And I know we’ll probably get into this a little bit later on, but I kind of saw that as a bit of an opportunity and I thought, this is a new industry with young people who are keen that understand technology. I studied construction management, but I ended up getting into data and databases and analytics, ended up becoming a data science at the company that I was at. So I had these tech skills behind the scenes that I had building, and so I was like, okay, well, there’s got to be some sort of tech that I can build for these young guys in a new industry that’s going to help them and solve their problem. So for me, what I did was I ended up just calling up five or six of them that I was really, really close with. And I said, look, I’m leaving my corporate job. I’m not sure what I’m going to do, but can I contract for you guys and do some things and sort of see how your business is going to roll? Now, I could have become a buyer’s agent, but I don’t really, like, I’m an introvert. Like a massive introvert. It’s funny, Carl talking about the story of our snow trip. Like, we went away for four or five days with 16 people, and by the end of the trip, I was like in the corner eating my lunch by myself because it was just too much long. so buyers agency wasn’t for me, but I was really good at the tech side of things. And so let me contract out to you guys. Let me kind of just see what I might like to do within your business. And so I was working for like four to six different companies at any one point in time. And I wanted to go through every different stage, like, see where their biggest problems were and where the commonalities between their problems were. And there’s a few. Like, there were some CRM issues, there was some report issues, there was some getting data and analytics on the property market around Australia, which was really, really cool. But the one thing that was such a big problem that came up for everyone is every client comes to us wanting to build out, an investment portfolio. But we were spending, or they were spending two to 4 hours per, lead. So they weren’t even a client yet, showing them how to build a portfolio just to give the client the confidence that they could go out and build them an investment portfolio that would ultimately get them to their goals of worth. Of passive income. And so this two to 4 hours per lead was actually really taking up a lot, a lot of time for them. And so this is what I focused on. I just doubled down. I said, everyone is having the same problem. Let me run the sessions, let me understand what actually is going in behind the scenes. I had built my property portfolios on the corporate ladder, and I had built like this massive spreadsheet that would tell me when I would be able to retire. So I’m very analytical, and this is something that was already kind of running in the background, but I was like, well, how do I take this spreadsheet and help other people do it? And I really fell in love because I have that analytical background with building out the whole strategy side of things. So I identified the problem. I just wanted to completely understand the problem. So I contracted out these guys for about six months, built this ginormous freaking Excel spreadsheet that would solve every single problem and deal with all the issues and really get them towards their goal. So I solved the problem for them. The secondary problem that would come up to that is if you send an Excel spreadsheet to someone, they’re going to tamper around with some calculations, they’re going to edit some things, they’re going to put some data in incorrectly, and generally you get this ensemble of things back that doesn’t make sense and add up. So given the tech background, I just said to everyone, look, give me six months, I’m going to go away, I’m going to go build this software in the background and then I’ll bring it to market once it’s ready. So I went away, did that, brought it to market, essentially turned the Excel spreadsheet that I had into this platform. And they loved it, everyone loved it. All six of those companies implemented it straight away. We got a really good market validation because clients now had the ability to have a portal that they could log in and it felt like it was the business’s portal. We were able to white label it. It felt like a more ingrained process altogether. I was then able to scale from giving my time to doing these sessions, to giving people the power to do it themselves, essentially, with also having someone to back and teach them and learn how to use it. I was able to take away from my time, which wasn’t scalable, teach other people how to do it so they can do it in their own time. But then we ended up going from six businesses. I think in the first three months we were at about 20 or so. First year we’re probably at about 50, which was crazy. And now we’re two and a half years in and have over 150 businesses that we work with across Australia.

Carl Taylor: Love it.

Jordan de Jong: Yeah. identifying that problem at the start.

Carl Taylor: And one of the things I’m curious about is all of those things you did, the kind of the data validation, digging in, finding your initial clients, was any of that strategically planned because you’d read books about the lean product playbook? Because that’s kind of effectively what you follow, the lean product playbook right there. But did you do that consciously or did it just seem to happen?

Jordan de Jong: The funny thing is I hadn’t read like a tech book beforehand or like any sort of business book. I didn’t even have any business experience. And I think the best thing that I did for, someone listening who hasn’t started a business yet or might be in the early stages of the business, two of those contracting jobs that I did actually included sales. And so I would do the sales for these businesses and then I would provide a strategy for their client as well. And that was honestly the best thing I ever did was learn about sales and marketing and follow up emails and sequences and everything else like that. Ultimately, that’s what has really generated and created my business over the years. So I, I hadn’t read anything. I hadn’t learned anything. And so I was just kind of learning as I was going. Not being on the corporate ladder, you don’t learn any of that stuff. So I was learning as I was going. And then the cool thing about being with these guys that had been in business for maybe two to three years now is they were kind of that one next level ahead of me in business. And so I got to learn from them as they were going through their different stages. And that’s when I got to read some different books and got some recommendations about what I should be doing, get to meet people like you. And actually, my favourite book ever is ten x is easier than two x. And you were the one who, told me to read that, good book. Yeah, it’s amazing. So, yeah, it wasn’t probably until I just went hard. I was spending 12 hours a day, minimum working. Whether I was on a call building the product, talking to people, talking to clients, I was literally learning as I was going. And it probably wasn’t until maybe twelve months in where I slowed down a bit and said, okay, the business has proven. How do I actually build a business now?

Carl Taylor: Well, let’s go there for a moment because that’s an interesting place for you to bring up because obviously you’re a new dad and here you are spending twelve hour plus days on your business. Firstly, how did that impact your relationship?

Jordan de Jong: Yeah, it’s a really good question. This was in the middle of COVID and so it’s a bit of a journey, so I’ll take you through it. This was kind of in the middle of COVID and my wife is italian and we often used to live in Melbourne. Now we live in Gold coast and we’d often go for dinner there maybe once or twice a week. We really got on with the family. We’d all have this really nice family get together and dinners and everything else like that. And so in the middle of COVID where we couldn’t catch up to each other, Melbourne was completely locked down and everything else like that. My wife and I decided that we would get, a really large house and we’d all move in together. Now, it wasn’t the whole family. It was just my wife’s parents and us. And we had summer at the time, which is our daughter. And so that’s what gave me the flexibility and a little bit of a mental cheque just to go. Okay, well, we’ve got four people in the house. The grandparents are around. My wife’s amazing. Like, she’s the best mum in the world. But she also had support from her parents and her mum whenever she needed it as well. Which was really great for summer because she got all of this support. But it wasn’t the best for mine and someone’s relationship because I’ll get there next.

Carl Taylor: Yeah.

Jordan de Jong: Because I was just super focused on the business and I wasn’t spending as much time as I should with her. And same for Renee as well. My wife, she was spending all the time with summer that she needed to. And then to get her steam off, she was kind of talking to her parents and I was just in the room coding something or on the phone or something. So I wasn’t spending a lot of time with her as well. And look, we have a really great relationship. It didn’t impact us in terms of we were fighting or she was upset that we weren’t getting time together. And you really couldn’t see it at a surface, level. But it wasn’t until we actually moved to the gold coast and it became just me, her and summer again, where I realised we’ve actually lost a fair bit of our relationship that we had when we were just together. And it was just us two. And I was spending the nights working like I’d still be working at six or 07:00 where renee had summer all day and she was exhausted and she just wanted to be relieved. And I was just kind of like, oh, no, I’ve always just worked and I didn’t really have that. It took me a little while to go back and, like, renee needs help after work. I need to stop working and spend time with my daughter and my wife and just get to know them. So I was blessed in the fact that renee had support around her, which was really handy to help me allow me to continue to build the business. But if I had my time again and we didn’t have that, like, it’s something that I would change completely. It’s time that I would never get. Look, you know, she was a baby and she’s not going to remember it as such, but for me, I felt like I’d lost a bit of time with her in her early days. It’s been great because we got a really good relationship now, but definitely did have an impact, for sure.

Carl Taylor: Yeah. It’s interesting because anyone who’s in business, you’re trying to balance this. It is like a baby, especially early days of the business. It’s very needy baby, just like a real baby. And then as they get older and you set things up, they don’t have to need you as much. Right? Like, my business needs me 4 hours a month. That’s very different to the early stages. So you had this new baby of, a business, and you had a new baby. And so you’ve done what frankly, many men do is all the energy and focus goes on the business baby, and the home life gets a little bit left. And as you said, what you’re saying of like, oh, it wasn’t like we had more fights and stuff. That’s quite normal, too, for many men, I find. But it’s that when you finally go, hey, actually, when you come up for air, you go, hold on, we don’t have the relationship, we don’t have the connection we used to have. I don’t know my kids, my kids don’t know me. And so, the fact that I know you’ve, in a very short period of time, what you have done is amazing, and in my experience, quite rare in the speed of which you’ve been able to have the success you’ve had, which is amazing. You had all this background that’s allowed you and paid off to allow to create what you’ve created. Not everyone listening to this had that for their own journey. I definitely didn’t have that for my journey. And if you’re listening to this going, oh, cool, I’ll be able to do it. Absolutely. The fact that Jordan’s done it shows it’s possible. I just want to set that context, though, that in my experience, it’s not the norm. That in a short period of time you were able to get to a point where now you can step back a little bit. I remember we had this conversation, I think it was late last year, and you were like, yeah, there’s not many people who can relate to it, but you were kind of like, well, I’ve kind of got a lot of money and I’ve got flexibility. What do I do with that? So let’s fast forward, I guess, to right now. What does your time look like? You were spending 12 hours then. What’s it like now in terms of business relationship, spending time with work life balance? I like to think work life integration, but what’s that look like now?

Jordan de Jong: Yeah. And honestly, if you’re listening to this, you’re at a good place because Carl’s had a massive impact on that whole philosophy for me. So I remember on the way up to Ozcon, I don’t know if it was you, but someone was grilling me on, like, why don’t you hire someone? Why don’t you get someone to do something else? Because I was just wearing all hats, right? That’s all. I’d never known I’d learnt sales, I learned marketing, I knew how to code, I, was understanding business and so I just felt like I could continue to do it all forever. And so, yeah, I just went through this season of, there was another guy on the trip called Jack who runs quite, a large software company over in America. And he said, go cheque out this website, you’ll be able to find some developers, they can help you out with some stuff. And I was like, I don’t know. And then I think you or will were talking about looking at getting a VA and having some VA do some help around that sort of stuff. And so I kind of tested the water a little bit and dabbled my feet. It was funny, I was saying like, oh, I’d love to get, a developer to help me do X, Y and Z with the platform, help with some authentication or stuff, stuff that I just don’t enjoy. Like I like working on the modelling, not like the login process. And I was like, oh, I’d love to just test the waters with that. And he goes, mate, you’ll test the waters and then you’ll think of something else that they can do, and then you’ll think of something else you do. And then you’ll realise that actually there’s a full time role here. And then you’ll realise that actually full.

Carl Taylor: Time roles, all three of them, actually.

Jordan de Jong: Doing things all the time. And so for me, it was such a valuable trip and just an understanding and just getting a different context on how it all works. And there’s this methodology in ten x is better than two x, which is essentially just writing down everything that you do and then highlighting the 80% of things that are taking up most of your time and highlighting the 20% of things that are progressing you or moving you forward or moving the needle for you. And so I just went through this really big process of saying, like, I love coding. There’s nothing more in the bottom of my heart. I love just switching off for the day, headphones on, and just coding for 12 hours. Like, that’s my dream day. But it also takes up all of my time. And so I had to plate that back down. Sales, I had to move on. Actually doing the strategies, like one on one with clients, I had to stop doing. And these are all things, these are all hats that I was wearing forever. But I really highlighted and I went, well, those 12 hours are actually consumed by all these things that I can actually just pay someone else to do. And I think you were actually talking about running the number on your automation number or whatever it might be.

Carl Taylor: Automation rate?

Jordan de Jong: Yeah. Do you want to give us just a gist of that so I don’t.

Carl Taylor: Yeah. In general, your automation rate is effectively what you can afford to pay someone to free up an hour of your time. Right. And I think there’s a previous episode where we’ve gone through this already, but in a nutshell, you’re looking at taking your owner’s hourly rate. So you figure out, what’s your salary, how much are you taking out of the business? Right. That’s everything. Profit, salary, business expenses. Dividing that by the number of hours you work per week and the weeks you work per year, that’ll give you your owner’s hourly rate. That’s how much you earn for your time. That’s what you’re putting in time for money. Then to get your automation rate, you divide that by a multiple of either two or four to figure out what’s the return, because you don’t want to just go, cool, I’ve paid someone the same amount as me. You haven’t made any return. You want to actually get a return on your investment as you would in any investment. So you’re looking for either a two to a four times return on your time. And so let’s say you got an hourly rate of $100, and you were, looking for a four times return. That means you can afford to pay $25 an hour to someone to free up that hour of your time. And when I say an hour, I’m not saying, like, you can pay that person $25 an hour and they take 3 hours to do something. You can do it in an hour. I’m saying you can pay $25 to get an hour of your time back. And so if they take 3 hours to do it, but it frees up your time, it would be that 25 divided by three is effectively the hourly rate they should be earning. So that’s in a nutshell. I think we’ve got some other episodes, but that’s the general journey of it.

Jordan de Jong: Yeah, 100%. So that was just a really big breakthrough for me because I ran the math and I was like, I’m so silly not to pay someone 25 hours, even if it does take them longer to take this off my hand. And so I slowly chunked off those things one at a time. And now my day generally looks like I get up at three or four in the morning just because I naturally get, up with the sun. That’s a thing that I enjoy to do. I’ll work between maybe like, three and six in the morning, and that’s like, my really good working time because everyone in the house is asleep, no one’s calling me, no one’s sending me email. I was like, it’s just really efficient working time. And then between 66 37, 38, I’ll spend with my daughter. So get her up, give her breakfast, take her to daycare, whatever we need to do. 830, I’ll go to gym. 930, I’ll go to the beach, get home at like 1010 30. Have I, eat once a day now? I’m still on the carnivore diet, but I’ll eat once a day. So generally after I eat, it’s like 1111 30, and I feel like the day is done pretty much. But after, say, 11, 11 30, between then and maybe four, that’s kind of when I do any of phone calls that I need to do or follow up with the team and make sure that they’re all running things efficiently, answer any questions that I need to do, have podcasts like this. Essentially any communication sort of thing will happen in the afternoon. And then after four, I’ll pick daughter up from daycare and spend the rest of the day with her. So, yeah, 12 hours is essentially condensed down to, like, three really solid working hours, and then the businessy, phone cally, podcasty stuff I’ll do in the afternoon, which I generally don’t. I mean, it is work, but I love having a bit of a yarn to people anyway.

Carl Taylor: And there’s a difference between working in a business and on the business, right? Like doing things like podcasts, strategic partnerships, those sorts of things can be a lot more on the business work as opposed to in the nuts and bolts of the delivery, the customer support, all of those kinds of things. So, yeah, it’s amazing what you’ve been able to do to go from that in such a short period of time and to have that balance now between spending time. You can see the distinction in what you’ve described there. I personally do not want to wake up the time you do, but the way you’ve crafted your day, it gives you a lot of flexibility to be there for family, to actually have some white space. And so it’s just huge. Hats off to you for what you’ve done there. What I’m most curious, I guess, is going, okay, now that you’re at this point where the business doesn’t need you as much, how are you finding the hunger, to move to the next level? And is your focus purely on business now, or have some things started to shift? Because I know with my own journey that when I finally kind of got a chance to step out of business, it’s almost like light bulbs turn on and you start to see there’s a lot more in the world than just business. Has that been your experience?

Jordan de Jong: Yeah, definitely. So apart from doing the 12 hours and then having that lesser of a relationship with my daughter and wife, when you sit down behind a computer for 12 hours a day, you start to put on a little bit of weight. And so I’ve always kind of been a bit of a gym guy. Like, I’ve always gone to the gym, but I was still going through the gym. I was kind of in and out. Like, I’d be going for half an hour or 45 minutes. It was just to get in and out of the gym, but also, well, two things, actually, which is pretty crazy. But I did end up putting on a bit of weight. So when we moved to the Gold Coast, I think I was about 108 kilos or something like that. Not huge, huge, but I started to really get there. And the second thing is, in the middle of COVID especially when I was on the phone for more than like 10 hours a day, I would get off the phone and I would just be so mentally exhausted. I’d feel like a drink to just help me decompress and get through the season. So during COVID I got to a point where I was drinking like, yeah, I mean, like two bottles of gin a week. It was crazy. I’m not much of a drinker. I don’t really drink. I don’t get drunk and I wasn’t really getting drunk of it, but I really was drinking a lot just because it was affecting my mental state and I recognised that I was doing it to get me through the rest of the day and to get me ready for the next day just so I could mentally completely zone out. And so there are two things that I really identified when I started to come out of it as like, this needs to change. I didn’t feel great about it. I felt sluggish and overweight and I didn’t feel great. And so, yeah, after I had a little bit more of my time back, I reflected back on where I was in the weight. I’ve completely stopped drinking now. I don’t drink alcohol. Maybe on occasion, on a special occasion or something like that, but I have no desire to drink. We don’t drink at home or anything, which has been awesome. But also really got back into the gym and as I mentioned, sort of on the carnivore diet and really been dieting. So now I’m back down to 94 kgs. So lost about 14 kilos or something like that. And that has predominantly become my main focus of a day. Yeah, work is important. If something stuffs up at work, I want to get on top of it. But that will never come in between getting to the gym or going for a walk or eating healthy. Just because I feel like regardless if you have wealth or success or friends or family come and go within your life, your body is what stays with you regardless. Right. And so that should become first because not only do I physically feel better, not only do I mentally feel better, but I just feel more prepared and more excited and more energised every single day to focus on what I need to focus. And so it’s helped me really think about not working in the business and working on the business. So, yeah, for me now it’s more less about the cogs of internal the business. It’s just making sure that I’m always in the best mental state and physical state that I can possibly be for every day. What I’m thinking about when I am working is just like, how do we ten x this? Instead of going, oh, we did ten leads this week, we need to do 20 leads a week on average next year. When you’re setting your goals, it’s like, actually, what are the things I can do in this marketplace that are just going to completely revolutionise the business? What are the big plays that I can make that, yeah, it might cost me some equity, yeah, it might cost me a significant amount of return, but it’s such a big play that it’s going to have a ten x return. So that someone said this, I can’t remember who it was, but essentially creating, a billion dollar business and creating a million dollar business is exactly the same effort. It’s just thinking about things differently and that’s really impacted me, where you can create any sort of business that you want to create, but if you think about things the right way and the strategic way and think much bigger than just like how do I get the next sale or the next lead, you can generate a whole lot more income for the same amount of effort and get there over a little while. So a big focus for me is family, health, and just thinking a little bit more outside the box with business rather than grinding in the business.

Carl Taylor: I love it, man. And what I love about it is I shared with you just before we hit recording that as part of our Dadpreneur programme, we focus on four key areas, right? You got business, and so how do you be the owner, not the operator, of your business, right? like, if you want to be the king of your business, you need to be the owner, not the operator. And I can see the mental shifts for you in such a short period of time have allowed you to start to see like that, act like that. And it’s showing up in the amount of time you now have available and how you think about business. And then in relationship, it’s about how do you lead, not follow? How do you actually step up as the man to lead the relationship? Relieve your family, lead your kids, to give them the promised land, to give them a better life that they deserve? And then in the health side of things, how do you command your mind, your body, your emotions, rather than yield to them? Like the fact that you were needing your vices of. And we’ve all got them, we’ve all got our vices, right? For some men, it’s pornography, for some men it’s gaming, for other men, it’s business itself, right? We’ve all got it, whether it’s alcohol, weed, whatever. And so you got to be able to overcome those and command it. And they can see that, that you got to the point where you’re like, no, this has got to change. I need to do this. And then finally, in wealth, which is the place that your business actually sits in, which for us, we talk about, you need to protect and not risk, because you’re already taking so much risk in business. Business is a highly strong, powerful return, and in some ways, the risk can be mitigated the smarter you get or the more educated you get and the people you have around you. But it’s still probably one of the highest risk assets you can own, but you have a lot more control over. So you want to make sure that outside of business, that you’re focusing on things that protect your family, protect you. And I know we didn’t touch on it, but you already have a, property portfolio as well. You’ve got all these pieces in place, and we haven’t personally known each other a long time, but knowing your journey and the conversations we’ve had, I really am, hats, off to you for what you’ve created. And I love where you’re at, and I love the problem that you’re solving. You found a true need that people have. And so while you’re solving it for the buyer’s agents, which are the people who value it, this is a need that anyone who’s trying to build a property portfolio truly is like, how do I plan this? Once you’ve bought your first, maybe your second. Once you get past two properties, you start to go, okay, well, as long as you got the cash flow to keep you going, what do I do with it? How do I actually continue this journey in a way that’s sustainable and that’s exactly what your software does, obviously, for people want to find that. Gameplans.com au is the website. Before we kind of wrap things up, though, I would love to go, I guess, a little bit on the practical. You’ve mentioned a lot about ten x is better than two x book. You’ve, mentioned about how you started hiring people. But if you were to go back and give advice to that Jordan, who was just, he’s just got his daughter in his arms, and he’s looking at her and going, wow, I was like this. And remembering that your dad’s looking a lot older, and you’re like, oh, I’m only 30 od years away from that. If you could go back to that moment and you could whisper something in Jordan’s ear. what would you tell him? What would that advice be that you would give to that version of Jordan?

Jordan de Jong: Yeah, I think if it was just one little whisper, it would, like, just go do it. As you said, it’s risky in business. You are taking steps out. You are getting, you know, jordan Peterson’s got this really good quote, and I can’t remember it off the top of my head, but it’s something about, like, the thing about life that’s so interesting is that you’re all in. No matter what you do, no matter where you’re at, you’re all in on this thing. This life is going to kill you one day. So why not just play the most magnificent game while you’re here? And I’m getting, like, I’m, choking up about this because it’s like, I get really emotional about it, and it’s such a strong statement. It’s like, we’re here. This life’s going to kill us. Why not, just do the best that we possibly can while we’re here? Because we’re just going to die one day anyway. I would much rather. I have been a gamer in the past. I’ve played of World of Warcraft for 18 hours a day. You think 12 hours a day is bad? Go back and watch me playing World of Warcraft. I’ve been there. I’ve done that journey. But if you can just turn that energy and turn that time and turn that concentration into building a business that you love and enjoy and you thrive in, it’s got such a better outcome than wasting time and playing video games and stuff like that. Don’t get me wrong. Occasionally I’ll play a video game on a weekend just to debrief. But, yeah, man, we’ve only got one life. It’s super short. It’s going to kill us. Why not just play the best game while we’re here?

Carl Taylor: That’s a really good piece of advice. And it’s true, right? We are in this one life you, mentioned before. We have this one body. Like, how we show up controls whether or not our relationships stay with us, but we can’t control whether they pass away and all those things. But you’re right. As long as we’re alive, that body’s there, and we’re in this moment, no matter what. I, like that. It’s a really cool way of putting it. So I think this is a good place to wrap, man. Like, I love your journey. If people want to connect with you, obviously we’ve mentioned gameplans.com au. Where else can they find you? Do you have know what’s the connection?

Jordan de Jong: Yeah, probably super active on LinkedIn and Facebook. So you’ll be able to find me there.

Carl Taylor: I’ll give you my show.

Jordan de Jong: Yeah, so just Jordan Diong. or you can shoot me an email if you want to. Just [email protected]. Au happy to, just mention the podcast and we have a bit of a chat and catch up. But yeah, all social media outlets, I love it.

Carl Taylor: All right, well, thank you for tuning in, listeners. I hope you’ve enjoyed this conversation as much as I have. Huge thank you to Jordan for his wisdom and sharing his journey. If you want to get the know, if we said something and you’re like, I can’t remember that. What were those different things that were mentioned? You can find a transcript, you can find links, you can find basically a whole summary of this episode over at the show. Notes which are at rising show. Rising show. And if you’ve been listening to this for a while and you haven’t left us a review yet on Spotify, just click us the star rating. I’d love it to be a five star, but if it’s not worth five stars, that’s okay. Just give us whatever you need. And if you’re on Apple, you can leave a little comment. That would be amazing. But most importantly, if there was someone who came to mind while you were listening to this or watching this on YouTube, and you’re like, my friend needs to hear this, or my brother or my dad or whoever, someone came to mind is like, they need to hear this. Grab the little link, shoot it to them. Because one of the best gifts you can give them is expanding their mind by exposing them to this stuff. It’s going to help them. It’s going to help me build the show. And ultimately, you’ll probably get some credit too, for helping expose them to their stuff. So if you haven’t already, think of that person and go and grab the link and send it to them now. All right, until next time, keep up the journey. Hey, fellow dadpreneurs, thanks for tuning in to today’s episode. If you’ve missed something said on today’s episode, you can find transcripts, links, and other notes from today’s episode, as well as to all other episodes over at rising show. That’s show not. So. Head over to rising show to get all the information that you need. Close.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

122: Investing for Your Kids

How soon should you start investing for your kids?  When should you start teaching your children the concept of investing? If you’ve been wondering if you should start now or wait a bit longer, stick around to gain some insights on this topic.

In this episode of Dadpreneurs Rising, Carl Taylor tackles the dilemma of whether or not parents should invest money for their children’s futures. He shares that he sets aside a monthly amount that gets invested into ETFs and shares for his daughter. Her portfolio is kept separate, so the funds are earmarked for her. 

Carl believes it’s important to give kids a financial foundation, even through small, regular contributions. There is danger in simply handing money over to your kids without inculcating a mindset on how they should handle their funds. So his plan is to start teaching his daughter to invest the money alongside him to help her develop financial skills and perspective before she’s allowed access to the capital as a young adult.

The key is to not simply build assets but impart money-related knowledge and provide your children with an investing portfolio to learn with. 

IN THIS EPISODE, YOU’LL DISCOVER…

  • Ideas on how to invest on behalf of your children via ETFs and shares (00:47)
  • When should you give your children control over their investments? (01:48)
  • The benefits of giving your children their own bucket of money (03:24)
  • The Jar System (04:00)

QUOTES

  • “If you just give your kids money, but you don’t teach them how to handle money, you don’t teach them how to look after money, you don’t teach them how to think about money, then you give them a pot of gold that they can go and just spend.” – Carl Taylor
  • “Give a mindset, a skill set, an understanding of where money fits in society.” – Carl Taylor

RESOURCES

Dadpreneur Program

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

Hey, and welcome to another episode of Dadpreneurs Rising. I’m your host, Carl Taylor.

This is the show for you if you are a dad, who runs your own business, and you’re looking to better balance business, home life, being a father, being a husband, all of the shebang that come with being a dadpreneur.

Now, in today’s episode, we’re going to talk about an interesting topic, which is, should I be investing for my kids? You know, it’s an interesting dilemma that many parents, but as dads who are, you know, success- oriented, usually, if we’re running our own business, we’re very goal-oriented, and we’re success oriented, and we like the idea of building investments for ourselves, should we be investing on behalf of our children too, as well? And I think this is a very personal decision, however, I will share some of my takes on what I do.

So I invest a amount every single month for my daughter, that amount gets dollar cost averaged into a bunch of ETFs and shares. And the way you structure that there are so many different ways to structure that. You can structure that where you put it in your child’s name, and there can be tax implications to that, you can put it within a structure.

For us, I have it inside of a company that also does other investments for the family, but it has its own separate portfolio. So it’s very clear that this is my daughter’s share portfolio, this is her investments, just happens to be owned within a company entity that we use for investing. So I believe it’s important to start them off if you can afford it, even if it’s small amounts to give them a foundation. But the interesting thing that always comes up is if you’ve been building wealth, at what point do you give them control? So while I’m not at that point, yet, I can share a little bit of what I’ve been thinking and the current plan.

So the current plan is that around 16 years old, if she’s showing interest, I will give her an opportunity to start investing the money alongside me. So she won’t be able to cash it out, she won’t be able to do anything with that money, except to use it to make more money. And this is really a key part of you know, if you just give your kids money, but you don’t teach them how to handle money, you don’t teach them how to look after money, you don’t teach them how to think about money, then you really, you give them a pot of gold that they can go and just spend. My hope is to give a mindset, a skill set, an understanding of where money fits in society, rather than just a bunch of money.

So around the 16 year old range, maybe early if she shows serious interest, but probably around that point, we’ll start to go, Hey, we’re going to invest this money together, we’re going to make some decisions, walk through it, and really help kind of guide her while also letting her make decisions and see what happens. Around the 18 year old mark is when I’ll probably start to go okay, well, now, you can get a small dividend or something, taking it, you can’t access the capital, but you can start to live off the eggs if you choose to, you can start to take them out rather than reinvest them.

Hopefully between 16 and 18, I’ve taught her the value of reinvesting those dividends, so she won’t want to but I’ll give that to her as a choice. And then probably, a lot, a bit later in life around the 25 year old, maybe even 30 year old mark, depends on whether I’m still here, is when I would actually go okay, now you can do whatever you want with that capital. So that’s currently my plan. So in terms of should you invest for your kids, I think you should.

Obviously, the more kids you have, the more challenging it becomes. I think it is worth giving them their own bucket of money, it doesn’t have to be huge amounts, but just small little investments that you can make on a regular basis. That gives them a portfolio, it gives them a place to get started. Because then you can have that conversation of like, look what I’ve created for you. Let’s keep the ball rolling before I actually give it to you. But as I said, this is a personal decision for you to make. And, but if you can afford it, even just small amounts, $5 a month, it can be all you need to get started.

Obviously, if you can put more then go for it. But if you’ve got a bunch of kids, you put $5 a month, I think that’s a really good thing to start with. Another area you can start with too is, you know, teaching them, we’ve talked about in previous episodes on the podcast, the Jar System, teaching them how to take the money that they do receive either from a job or if you pay them an allowance, and how to make that, you had a budget that money into different jars and allocate it for different purposes, that will also have a really powerful impact over and above just giving them a bunch of money that you’ve invested over the years.

So that’s where I’m at. I’m focusing on shares at some point, we might invest in a property for her as well. But that, you know, we’ll leave that down the sides for the future to see what happens. But right now we’re just keeping a pool of money in shares for her.

So I hope you found that interesting. I’d love to hear from you. If you’ve done something differently, shoot us an email. We’d love to hear from you. You can find us at rising dot show, you can make contact, and it would be great to hear your approach to this. Until next time, keep up the journey.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

121: Is Work Your Mission or Your Escape?

Some entrepreneurs see work as a means through which they can enjoy life more with their families, while others see it as an excuse to escape the chaos at home. Which one are you? 

In this episode of Dadpreneurs Rising, Carl poses an important question — Do you see your work as a meaningful mission or an escape from reality? For dadpreneurs, it’s critical to assess this honestly.

Many business owners immerse themselves and seek refuge in work to avoid facing difficult situations at home. While providing a temporary distraction, this neglect will not resolve underlying relationship or family dynamic issues.

Carl reminds us that the first step is acknowledging when you are escaping into work to numb challenges on the home front. Next, you must summon the courage to explore what specifically needs attention there, and how to address it. 

On the other hand, if you have a healthy home life and wholeheartedly view your business as fulfilling your true life purpose — that is tremendous news. Still, be mindful that your family helps sustain this success, so be sure to value and connect with them as you fulfil your mission.

Support is available if you need help navigating this critical phase in your entrepreneurial journey, and Dadpreneurs Rising could very well be the ally you’ve been searching for.

IN THIS EPISODE, YOU’LL DISCOVER…

  • Do you see work as a mission, a deep soul calling or an escape from reality? (00:22)
  • What you can do once you become aware that you’re using work as an escape (01:48)
  • Who you should never forget if you’re at the stage where you see work as a mission (02:26)

QUOTES

  • “The good news is, awareness is the first step. As soon as you have that awareness to thinking I’m escaping, you can start to change it.” – Carl Taylor
  • “Don’t forget about the people who are supporting you at home. Don’t forget about your kids, don’t forget about your wife … it’s easy to get so consumed in your mission that they feel neglected.” – Carl Taylor

RESOURCES

Dadpreneur Program

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

Carl Taylor: Are you someone who sees your work as a mission? What you do in your business? Is this a mission, a deep soul calling? Or is it actually your escape? 

Hey, everyone, this is Carl Taylor. I’m, your host here at Dadpreneurs Rising. Welcome. This is the show for you. If you’re a dad in business and you’re struggling to balance being a dad, an entrepreneur, a husband and a man in general. Now, I want to talk about a really interesting question. Are you someone who sees your work as a mission? Like what you do in your business? Is this a mission, a deep soul calling? Or is it actually your escape? Are you escaping from reality? 

See, a lot of people, they know that people watch tv or scroll social media, or drink alcohol or do drugs as a form of escaping from their reality. Not enough people are aware that you can do the same thing in work, in business. And so if you are an entrepreneur and many dadpreneurs suffer from this, where home life maybe not quite the way you want it to be, whether it’s you don’t feel appreciated enough, or whether it’s you actually just get irritated all the time, or you feel like you’re being nagged or whatever’s going on in home life, that it’s easier to go to work and to try and get more sales or to put out the fire and deal with the stress and the drama in work life, because that’s something you know and you have full control over, rather than facing the mess that’s waiting for you back home. so if you are a man who’s going, you know what, yeah, I am escaping into work. 

The good news is awareness is the first step. As soon as you have that awareness to go, ah, I’m escaping, you can start to change it, because all you need to do if you’re realising you’re escaping is shift your attention now back to home. What’s going on at home that has you wanting to escape? Putting your head in the sand and forgetting about and ignoring it will not make that problem go away. Be a man, step up and look at it head on. What is going on? What needs addressing? Then if you need support and you need help on how to address those things, well, you can reach out to us at dadpreneur.com and see whether or not we’re the right fit to help you navigate those challenges. 

But the first thing is you might need to identify what’s going on for you at home that’s making you want to avoid home and go and spend more time working now on the other side, if you’re going, no, you know what? Home life is amazing. I’ve got this great balance, and business is really the thing that fuels my soul. It’s my core mission, my purpose on this planet. Then that is amazing. But even still, ask yourself, is that deeply true? Are you convincing yourself that’s true, or is it really true? And if it is amazing, I applaud you. Keep doing what you’re doing. But don’t forget about the people who are supporting you at home. Don’t forget about your kids. Don’t forget about your wife. They’re there supporting you. And it’s easy to get so consumed in your mission that they feel neglected. And if they feel neglected, sometimes they do things that aren’t the best for keeping your family together. I’m going to leave it there. Until next time, keep up the journey. 

Hey, fellow dadpreneurs.  Thanks for tuning in to today’s episode. If you’ve missed something said on today’s episode, you can find transcripts, links, and other notes from today’s episode, as well as all other episodes us over at rising show that’s show not so. Head over to rising show to get all the information that you need.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

120: The Only People Who Will Remember You Worked Late

If you’ve been stuck in hustle mode for years, yet stagnated personally and professionally, maybe it’s time to shake things up. Doing the same things will net the same results. It’s time to evaluate if your business fuels or drains your life!

In this episode of Dadpreneurs Rising, Carl Taylor reveals a blunt truth — the only people who will remember you worked late nights and weekends are your wife and kids. 

This wake-up call urges business dads to rethink their priorities and make some drastic changes, if necessary, in how they manage their time.

While demanding clients and critical projects may feel pressing at the moment, your family bears the real impact of absent presence in the long run. Prioritising work over nourishing connections inflicts a quiet and lasting pain.

With care and some boundaries, Carl reminds us that we can have a flourishing professional life alongside a thriving home life. It starts with taking responsibility for the environment you’re creating and taking courageous steps towards change.

Remember, what truly matters most in life are people and experiences, not accomplishments and assets. If business eclipses these priorities, it’s time to face this tough reality head-on and correct mistakes before regret sets in. Bear in mind — your wife and kids are the only people who will remember.

IN THIS EPISODE, YOU’LL DISCOVER…

  • What dads in business really need to hear (00:38)
  • Why you should start thinking about your work-life balance (02:46)

QUOTES

  • “The only people who will remember that you worked late are your wife and your kids.” – Carl Taylor
  • “If you set things up correctly, and you have the right approach to how you think about where business fits in your overall kingdom, your overall life, then business can be a thing that fuels your life rather than takes you away from the things that are really going to matter most.” – Carl Taylor
  • “Ultimately, it comes down to the decision of am I going to let this business run my life or am I going to let business be a component that fuels my life? The difference between living to work versus working to live.” – Carl Taylor

RESOURCES

Dadpreneur Program

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

Hey, welcome to Dadpreneurs Rising. This is our very first episode under the new branding. So, welcome. So great to have you here. I’m your host, Carl Taylor. If you’ve not listened to previous episodes when we had a different name, then I’m a business owner, I’m a dad, and I also happen to be financially free. And I run a coaching program called dadpreneur.com, where I help other dads who are in this business journey to balance business and home life to ultimately step into being the king of the four key arenas of their kingdom, which are business, health, wealth, relationships.

So today’s episode, I want to talk about something that when I first heard this, really smacked me in the face, and when I’ve shared this same comment to many other dads in business, it’s a bit of a gut punch, but it’s something you need to hear and hear.

Here it is. The only people who will remember that you worked late are your wife and your kids. Just let that sink in. I’ll say it again, the only people who will remember 20 years from now, 10 years from now that you worked late, your wife and your kids. The important client, those team members that you know, whatever the key project, and the reason you tell yourself that you got to work, you got to work, you got to work, you got to work, you got to hustle, the only people that are going to remember that you weren’t home for dinner, the only people going to remember that you weren’t available to play, that you weren’t available to connect, that you felt distant, are your wife and your kids.

Now it doesn’t have to be this way. Yes, business is like another baby, it takes a lot of attention. However, if you set things up rightly, and you have the right approach in how you think about where business fits in your overall kingdom, your overall life, then business can be a thing that fuels your life rather than takes you away from the things that are really going to matter most. I mean, there have been so many studies and discussions with people on their deathbed, that usually they’re not saying, hey, I really wish I made more money, hey, I really wish I started that business. Well, that might be true. Some people might say, I wish I’d started that business because they stayed safe. But that’s not you, you’re already in business. Usually they’re saying I wish I’d taken that chance with, you know, that love or I wish I’d spent more time when my kids or it’s usually about relationships and experiences that they truly care about on their deathbed, not that, you know, I wish I’d spent another five hours working so I could try to win that client.

Now I’m not taking away from the hustle required in business. I’ve had my share of that in my 20 odd years in business. But there is a different way that you can go about it. And so I encourage you to really think about it right now. If you’re spending hours working, if you’re telling yourself, I got to keep working, I got to keep working. And you know that things are suffering at home, that your relationship with the kids, not where you want it to be. You’re not spending the time with them that you’d like to, you haven’t been able to be there, you haven’t been able to be the person they can lean on because you’ve been so busy at work, or things are really strained between your wife, maybe they’re not terrible, right? Maybe your relationships, okay. And you’re happy, you’re happy. But you know that she’s happy? If she’s sitting there, you know, grinning but inside feeling neglected. I don’t know, I don’t know your personal situation, but many women, that’s their situation. Many women who are in relationship with entrepreneurs. So, really ask yourself, is it worth it? The answer might be yes, in this phase. But if you’ve been doing that, for a sustained period of time, if you’ve just been only in this hustle mode for about a month, that’s probably fine. But if you’ve been in this hustle and grind mode for a few years, and you feel like you’re just kind of moving in quicksand, you’re not actually going anywhere, you’re just spinning wheels in sand. And then it’s probably time for a whole different approach.

Don’t keep doing the same thing because you’re gonna keep getting the same results. Change things up. If you want some help, you can find us over at dadpreneur.com Reach out, love to see if we can help you. But ultimately, it comes down to the decision of am I going to let this business run my life or am I going to let business be a component that fuels my life? The difference between living to work versus working to live. I’ll leave you with that. Till next time. Keep up the journey.

Hey, fellow dadpreneurs.  Thanks for tuning in to today’s episode. If you’ve missed something said on today’s episode, you can find transcripts, links, and other notes from today’s episode, as well as all other episodes us over at rising show that’s show not so. Head over to rising show to get all the information that you need.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

119: Introducing Dadpreneurs Rising

Carl Taylor marks this episode with an exciting announcement — rebranding this podcast from Entrepreneurs Rising to Dadpreneurs Rising. While subtle, this shift signifies a new focus on serving entrepreneurial dads specifically.

Originally launched to chronicle entrepreneurs rising the tide together, over time, Carl pivoted to support men navigating business ownership alongside being a dad and a loving partner. His community revealed how fellow dads hungered for content tackling this precarious balance.

With an insider understanding of the unique challenges dads face, Carl enthusiastically leans into targeted topics to equip his niche audience. Dadpreneurs Rising aligns the podcast to directly help entrepreneurial fathers better juggle priorities, grow wealth, overcome addictions, optimise fitness, strengthen relationships, and many more.

However, the podcast remains open and valuable for all entrepreneurs seeking business insights and personal development. While repositioning to serve dadpreneurs explicitly, the show’s wealth-building business wisdom and relevant, enlightening guests carries on as the cornerstones for this podcast.

IN THIS EPISODE, YOU’LL DISCOVER…

  • Rebranding announcement (00:11)
  • A look behind the podcast’s new name: Dadpreneurs Rising (01:00)

QUOTES

  • “We want to work with you, dads, because I see you.  If you’re a dad listening to this, and you run your own business, I know what you’re going through. I am a dad too. “ – Carl Taylor 
  • “It’s a community for fellow dads who run their own business, who want to better balance those roles of being the entrepreneur, the father, the husband, and the man.” – Carl Taylor

RESOURCES

Dadpreneur Program

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

We’ve got exciting news here on the podcast.

Hey, Carl Taylor here. I’m your host. And I’m excited to announce that we are officially rebranding this podcast. It is a very subtle shift in name, but it’s a major shift in context around how we’ll be proceeding with the podcast moving forward. So what is the new name?

Well, currently, or the previous name was Entrepreneurs Rising. And we always loved that name, because it was about, as entrepreneurs, we want to rise the tide, to lift all boats so that we can all succeed. And we started as sharing our journeys, myself and my original co host, Peter, sharing our journeys of entrepreneurship over the 20 odd years that we’ve been in business.

When the show went solo, I continued with the name Entrepreneurs Rising. But over the last six to 12 months, I have been making a shift towards working specifically with men who are dads running their own business. And so the shift in name, the new name is called … (drum roll) … Dadpreneurs Rising. We’re keeping the name pretty simple to make the rebrand simple, but also it still fits. Because all we’re doing is saying, we still want to rise the tide. But we’re specifically saying, hey, we want to work with you, dads, because I see you, if you’re a dad listening to this, and you run your own business, I know what you’re going through. I am a dad too. And not every entrepreneur knows the challenges, that is to be a man who is in business, a man who needs to lead his family, a man who needs to show up for his wife, or long-term lover depending on your situation.

And so as you may or may not know, if you’ve been listening for a while, is I founded dadpreneur.com specifically to work with men like this. And it’s a community for fellow dads who run their own business who want to better balance those roles of being the entrepreneur, the father, the husband, and the man. And so this new name and new brand of Dadpreneurs Rising allows us to take the content into some very specific arenas for men, around business, around addictions, around fitness, around mindset, and of course, around relationships with the kids and relationships with your wife and spouse. And, as always, the content will not change. I’m a big, passionate believer of building wealth outside of your business as well as inside your business. And so we’ll continue to delve deep down that path of how you build wealth outside your business too.

So while it’s not a major shift in name, we’ve gone from entrepreneurs to dadpreneurs. And it’s not even a major shift in content, some of this content I’ve already been starting to bring to the podcast, it will dramatically shift our context for all future episodes.

So if you’re listening to this, and you’re not a man, or you’re not a dad, but you are an entrepreneur, you are still welcome to keep listening. I’m not saying stop listening. If you’re getting value from this podcast and you continue to get value, then please show up, listen to my episodes and the guests that we bring on to the show. Just know that moving forward, we’re going to be targeting the content far more to the challenges and lifestyle of entrepreneurial dads. So, strap in. I’m excited for this new shift of the podcast and the topics that we’re going to be able to delve into. So I look forward to seeing you on the next episode.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

118: Give Your Curiosity Some Oxygen

In this episode, Carl Taylor poses an intriguing question which he saw posted by Paul Graham…  If you took a break from your regular work to pursue something just because it deeply interests you, what would that be?

Carl challenges us to ponder what topics we would passionately pursue if we could step away from day-to-day work.

Getting clear on these innate interests can be a revelation. Furthermore, acting on them can be extremely rewarding, sparking breakthroughs that may translate to business success.

What latent curiosity, if unpacked through focused exploration, could potentially unveil creative ways for you to serve people at the next level? Join us in this episode to learn more!

IN THIS EPISODE, YOU’LL DISCOVER…

  • Paul Graham’s article and the question he poses (01:01)
  • One thing Carl Taylor would do if he could take a break and focus on something else (01:51)
  • Carl’s fascination with human psychology (02:49)
  • How the Dadpreneur Program can help you bring the attraction back in your romantic relationship (04:33)

QUOTES

  • “So much of wealth creation is a mindset —  the stories we tell ourselves and getting over the stuff, the instinctual fears and things we have, as well as the relationship component.” – Carl Taylor

RESOURCES

How To Do Great Work by Paul Graham 

Red Means Go by Carl Taylor

Dadpreneur Program

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

If you had to take a break and focus on something else, what would you do?

Hey everyone, Carl Taylor here. I am the host of this podcast, Entrepreneurs Rising. Thanks for joining us. If you are a longtime listener, welcome back. If this is your first time tuning in, welcome, great to have you here. We are a mix of short little snippet episodes. And we have guests as well. So if you haven’t gone back to the back catalogue, there are over 100 amazing episodes with great guests and solo episodes from me talking about various things from building teams to systemising to creating wealth outside your business and inside your business. So go through the catalogues, you definitely want to do that.

But today, I want to talk about something that just popped up actually on my screen and made me pause, and I thought I should share this with you here on Entrepreneurs Rising.

So this is a question by Paul Graham, he has released an article talking about this question. It is called Great Work. Okay, so we’ll make sure the link to it is in the show notes. But you can find it paulgraham.com/greatwork.html.

Anyways, the question that he poses is this — If you are going to take a break from serious work, to work on something just because it was highly interesting, what would you do? Let me say that, again. If you’re going to take a break from serious work, so let’s think about that, as you know, if you’re going to take a break from what you’re currently doing, so that you could work on something just because it’s highly interesting to you, what would you do?

Well, I can share from my own life, there are a couple of things that pop up. One is I have always, for a long time been absolutely fascinated by history of religions, Christianity in particular, but not just Christianity. I find the various histories of customs and why we do things and the stories that have been told and how they’ve shifted and changed over the years. And I just find that absolutely fascinating. The life of these people that we believe to have lived, or we’ve and what evidence do we actually have that they lived. I find that absolutely fascinating and highly interesting. So I would happily spend time exploring that. And I actually just recently had a conversation with Liz, my partner about that. I was like, you know, I can imagine maybe down the line, you know, I just decided to go and do some studies and become, get a PhD or something just focused on the history of religions. And so that could be really interesting. And that’s a path. I will ponder from this question a bit further.

The other side is something that I’ve more recently started doing, like, I find and have found for me is the idea of why do we as people do what we do. Human psychology, and how does that work in terms of the now, but also one of the patterns because we are made up of stories and the way our brain works is linking of all these stories together. But we also have an innate part of us, that is instinct if you like. And I, in more recent years, if you’ve listened to some of the previous episodes, and know I’ve learned some of these concepts, like the concept of polarity, which is a more instinctual response between man and a woman or masculine feminine energies, in terms of what creates that attraction, that polarity. And this, you know, is a standard that kind of seems to, at least from my research so far and my awareness, and my own personal experience, seems to match across the broad spectrum of people and cultures. There’s still this element of polarity, gets created in the same ways. And so I see that as an instinctual level versus intellectual level pattern. So we’ve got these intellectual patterns, and then we’ve got these instinctual patterns. And I find it absolutely fascinating.

And so, in my youth, I was always looking at trying to understand how I tick so I could get better. And my first book Red Means Go was about that, like one of the patterns of highly successful people, here’s what you can do to just continue to achieve success. And then later in life, I was useless with women. So I went down the pickup path and I started to learn, you know, there was a lot of stuff like do this do that, which I don’t necessarily agree with. But there was a lot around the human psychology of understanding what creates attraction, what creates both men and women.

And that absolutely fascinated me back when I was a single man, and then in relationship, I now coach and work with many dads and I’ve found, for many dadpreneurs, but men in general, not just dads. Dads, it’s probably more pronounced because when kids come along, there’s a shift in the roles that the couples start to play, which can shift attraction dramatically. But the, if you’re a man and you’ve been in a relationship for a long period of time, these still, these shifts can sometimes still occur without kids. And what happens is how do you bring that attraction back, right? Like the same thing you had back in dating, how do you bring that back into your day to day relationship with your wife, your partner? So I find that absolutely fascinating.

And it’s all mixed together. So whether it’s business success, wealth creation success, you know, so much of wealth creation is a mindset and the stories we tell ourselves and getting over the stuff, the instinctual fears and things we have, as well as the relationship component. And this is what I’m exploring in the Dadpreneur Program. I’m getting to scratch that personal curiosity itch, and then sharing that with other people, my own experiences, my own resources and journey to help others just as I’ve been able to help myself, so that’s what I do.

Hope you found that interesting. I’m just sharing what I would do, my response to that question. But I asked you that question again. If you were going to take a break from serious work, to work on something that just because it was highly interesting, what would you do? What would you do? Ponder on that. Think on that. Even better, action that and if you want to, share it with me. Hit me up over on Facebook or reach out over at rising dot show. That’s where you can make contact with me and the team who run the podcast. Alright, until next time, keep up the journey.

Outro:

You’ve been listening to Entrepreneurs Rising. Thank you, dear listener for tuning in. I appreciate your time and look forward to connecting in future episodes if you would like show notes or any resources from today’s episode, you can find them at rising.show rising.show you can find the show notes for this episode and all other episodes as well as links to socials and or the ability to reach out and connect with me make your suggestions for future episodes. Until next time, keep up the journey.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

117: Onboarding is Everything: Craft Your New Hires’ First 90 Days

Have you ever thought about the value of having an onboarding sequence for your new hires? In service-based businesses, entrepreneurs often carefully craft the experience for their new clients so they know precisely what they got themselves into and what to expect. Why then do we neglect to do the same for our new team members?

In this episode of Entrepreneurs Rising, Carl Taylor stresses the importance of having a structured onboarding process for new hires. This will significantly aid in providing clarity around what new team members are expected to achieve in their first weeks and months in the company. This prevents simply throwing them in without proper guidance and hoping for the best.

Join us to learn how building a team can change the game for you. When you systemize the early experience for your new hires, just like you do for your customers, you set your team up for consistency and quality that facilitate business growth. 

IN THIS EPISODE, YOU’LL DISCOVER…

  • Why building a team can get you the freedom your want (00:38)
  • Why you need to craft a new-hire onboarding sequence (01:26)
  • How to bring your new hires up to speed with the company (02:31)
  • Introducing them to the tools they need to get their job done (03:17)

QUOTES

  • “If you want to get any form of freedom in your business, you need to build a team.” – Carl Taylor

RESOURCES

Dadpreneur Program

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

Have you designed a new hire’s first 90 days experience?

Hey, I’m Carl Taylor, I’m your host here at Entrepreneurs Rising. And this is the show for you if you’ve been in business for a little while now, and you’re looking to get more freedom, more money, more wealth outside of the business. So you’re building a business that provides for you today, but also is building the wealth that will provide for you no matter what happens in business. And you want a rocking life with great relationships, and good just self awareness and health. That’s what this show is about.

And today, I want to talk about new highs. Because if you want to get any form of freedom in your business, you need to build a team. Now there are very many people out there like you don’t need a team, you can do it all with you and AI and maybe one VA, and that is true. There are various business models you can make that work. The type of businesses I’m talking about though, you will need to build a team if you want any form of freedom.

I have a team, around 60. I’m not saying you need that size of a team. But you will need a team around you if you want some freedom. And if you’re hiring people to do a done-for-you service, if you’re one of the trades business and agency, IT consulting, something like that, where people show up and do the work. It’s not just machinery and selling a digital product.

You’re going to need people and you’re probably hiring people on a regular basis, people leave and you need to replace them. And one of the key secrets to making that work is having a new hire onboarding process. Often in a service based business, we craft out what the experience will be for our clients when they first sign up.

What will that first 90 day experience for a client look like? What emails do they get? What do they need to do? What do we need to do? What do we first ask them for? What are the meetings, rhythms, all of that is crafted for the clients. But too many entrepreneurs don’t do that for their team. And so that’s what we’re talking about, you need to craft a new hire onboarding sequence for a specific role. So you might have a generic one that might be the first two weeks that every person who ever gets hired no matter what position goes through, and then you might have them branch off into specific curriculums and specific processes, depending on the role.

You know, for us, if you’re a graphic designer, you get a very different training experience to if you’re a WordPress developer, like they’re very different journeys, but the beginnings are the same. And then they kind of fork off into different parts. So you need to craft that. So what do you think about what goes into this? Well, firstly, getting them up to speed with the company. You know, what was, what is the vision and mission in this company? What does it stand for? What are the values? What are the core values of this company stands by. What will they be held? To? You know, just so they know what they’re a part of? Who do they need to know in the company? Who were the important people, the various people that maybe they’ve never met? Maybe they won’t interact with, but they need to be aware of them. Like this is the name of our CEO, and this is, you know, this is the HR. And then standard, important policies, like how do they put in leave requests? How much leave are they entitled to? You know, what are the standard practices around the holidays and closures? What are the kinds of things they’re going to need to know about the company?

Then you might start to bring them into what are some of the key tools. Helping them get set up on tools like Slack. Or if they’ve never used it before, Zoom. All these kinds of different tools, what do they need to become aware of if you’ve got a specific point of sale system that maybe they need a training on, and everyone needs to be aware of this. And then you got the more specialized training that might go down, maybe someone who’s a manager versus a retail rep will have different training that they go through about how to use that same software, but they all need to know how to set it up or what it is. So this is what you’re going to kind of create is the general gist of what do they need to know about the company? What do they need to know about the, you know, what you stand for? What do they need to know in terms of tools? What are the policies and standard things, then you want to get into more specific training. How to do something. Here are the SOPs you’ll need, here’s what to do. Maybe you’ll start to have a rhythm of them meeting with other team members and having reviews and, you know, when will their initial review be up? And what are the milestones that they’re going to be measured by because if you’re a new person who started in the company, you want to kind of get an idea of what am I expected to do?

If right now your training experience is like hey, welcome, this is so and so, they’re going to be your buddy, they’re going to show you the ropes, that’s not very formalized. And it’s going to result in you as the owner not getting the quality of staff you want because they won’t be trained to the level that will truly give you the consistency you need to really grow a business.

So I’m gonna leave it there really just talking about the mechanics of how to do that. I’ve got a whole in depth training that I have available in my Dadpreneur program. So if you’re a dad in business and you’d like access to that training, reach out to me, happy to chat about how the dadpreneur program works.

If you’re not a dad, and you’re like, I want that anyway. Well, it’s only available in the Dadpreneur program, but you can still reach out anyway. And maybe we can arrange a purchase. Outside of the dadpreneur program we can have that conversation. But really I just want to get you thinking about what that is. And there’s enough here, information I’ve just shared with you in the last five minutes that will help you get started in building something and you can really make a big difference to your business.

So go and build a new-hire onboarding sequence. It’ll really change the game when it comes to building out your team.

Outro:

You’ve been listening to Entrepreneurs Rising. Thank you, dear listener for tuning in. I appreciate your time and look forward to connecting in future episodes if you would like show notes or any resources from today’s episode, you can find them at rising.show rising.show you can find the show notes for this episode and all other episodes as well as links to socials and or the ability to reach out and connect with me make your suggestions for future episodes. Until next time, keep up the journey.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

116: Stepping Back to Move from Manager to Leader

In this episode of Entrepreneurs Rising, host Carl Taylor discusses the key roles you must begin considering to fill in your business as it grows. He talks about the progression of key hires — bookkeepers, assistants, a marketing head, an operations head, a sales team, and ultimately, a CEO so you can fully extract yourself from company oversight. 

Building a synergistic team will allow you, as the business owner, to transition from merely managing day-to-day tasks to embracing your peak role as a top-tier leader. Hiring people will free up your time and allow you to focus on other equally important business and personal matters. 

So, what roles do you need to fill next to create more time and financial freedom? Join us in this episode to get valuable insights and tips!

IN THIS EPISODE, YOU’LL DISCOVER…

  • Why some people don’t want to build business teams (00:32)
  • The first step in shifting toward business leadership (01:26)
  • Who should your second hire be? (02:16)
  • How to move out of client delivery (03:26)
  • Hiring a head of marketing (04:19)
  • Hiring a head of operations and a sales team (04:51)
  • The final step: Hiring a CEO (05:47)

QUOTES

  • “Your role as best as possible, as quickly as possible, is to get to the point where you’re the leader, rather than the manager.” – Carl Taylor

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

There’s a lot of people out there who, don’t want to build their teams because they’re equate managing staff with pain.

Hello, and welcome to another episode of Entrepreneurs Rising. I am your host, Carl Taylor, and this is the show for you. If you’ve been an entrepreneur for a little while now, you’re not necessarily just starting up and you’re looking to get more freedom of time, create more financial freedom of wealth and money, and ultimately live a better life with rocking relationships and just rise the tide for you and for those around you through your entrepreneurial journey. 

Now, today’s episode, I want to talk about hiring of roles. Well, there’s a couple of schools of thought. There’s a lot of people out there who don’t, want to build their teams because they equate managing staff with pain. And I’ve done previous episodes talking about that, but I’ll just quickly touch on it. If you’ve not listened to that episode before, at the end of the day, pain comes from managing staff. When you are the one stuck managing them and you’re not aligned to be a good manager, you should be in the leadership phase. So your role as best as possible, as quickly as possible, I should say, is to get to the point where you’re the leader rather than the manager. And if you’re stuck right now in that managerial phase, this is some of the key roles that I’m going to be talking about in today’s episode that you probably need to put in place to make that shift out of there. 

So let’s start with the basics. If you’re self employed right now, maybe you’ve got zero team or a bit of a lean team. I want to make sure that you are hiring a bookkeeper. That is a role that you definitely want to fill. Even if you are great with numbers, I really recommend getting you off the tools of doing your own invoicing, reconciling your accounts. You need to get that to someone else. To fill the role of the bookkeeper, you can fill that with an agency. You can fill that with overseas team members. You can fill that with, local team members. But you definitely want to get rid of the bookkeeping role from your responsibilities as the entrepreneur as quickly as possible, as either one of your first hires. Or if you’ve already got a team but you’re still doing that, it should be the next thing you let go of immediately. So they’re kind of the basic essentials. 

The next one for you as a business owner is to bring on maybe some sort of a virtual assistant. Executive assistant. If you’re doing under $200,000 a year in revenue, probably not right for you to get an executive assistant. That’s just my personal opinion. I don’t have a specific rule about it. I just think that if you’re under $200,000 a year, you really need to just be focused on bringing in more income and not spending money on things that might make you feel good, feel important. Unless you are finding so much of your time is being sucked away in answering emails, managing your calendar and appointments, then that would probably be a good investment of time. But my experience is I didn’t need an executive assistant and truly get benefit from that until a lot later into my business career. So an, executive assistant or virtual assistant who can start doing some of the grunt work, research, those kinds of things is also a great early hire as long as you’ve got the revenue coming in. If you’re needing cash, then don’t waste your time trying to hire and train up a va. Just focus on cash building activities. All right. So they’re kind of the bare essentials that I think you really need to get. 

As if you’ve been listing for a long time, as you’d know. I then believe that one of the next things you need to be focused on is how do you get out of the delivery of what you do. Unless you are a high price consultant yourself, where you earn big bucks for you personally showing up, there’s a whole different model. We would look around, extracting you out of the business and leveraging your time better. But if you are, doing things like manual labour, if you’re a trade or an agency of some kind, then what you want to be looking at doing is how do you get other people to do the delivery component of what you do. Sometimes that requires a model shift. Oftentimes, though, it’s just a matter of letting go and start bringing in juniors who can start doing the junior work while you oversee the more senior work. And then eventually you train up those juniors into seniors so you can step away from the delivery completely. And that’s where you want to get to. But once you’ve got yourself out of delivery, that’s not where it ends. 

This is where the next part of the role you’re going to need to start thinking about is you’re going to need a head of marketing, someone whose role and responsibility is to be the head of marketing. They may not be the strategist, they may not be the ideas person you may need an outside consultant, or maybe you are the person who’s providing that direction, but you need someone who’s responsible for marketing. They’re looking at the analytics, they’re responsible for navigating and working with all the different team members, whether they’re outsourced or internal, to pull together graphic designs, emails, campaigns, all the different things you might be doing as part of marketing. 

One of the other roles you’re going to need is a head of operations. If you’ve got someone else or a team of people doing delivery, you’re going to need someone who’s in charge of general operations of day to day business. And you might find that your head of marketing actually reports to your head of operations at some point, or you might leave them on a tier that’s similar and then they ultimately report to the CEO. So you want the head of operations you’re going to need ahead of marketing. Depending on your business model with sales, you’re going to want inbound salespeople, these people who are doing inbound phone and email and maybe sell by chat. Again, it’s going to depend on your business model whether you need large sales teams or whether you’re keeping sales quite customer servicey and keeping it small and tight. Whether you’re going to really need ahead of sales. You might be able to get that to be under the head of marketing role potentially. There are pros and cons to that. I’m not advocating for that, I’m just talking out loud. Ultimately, the final stage if you really want to get out of the business completely is you’re going to need to hire a CEO. if you are currently the CEO, you’re going to need to put someone else in the role of CEO. And that’s not an easy decision. It’s not an easy step to make, it’s not a step that I personally have made. 

So I’m not going to pretend to say here’s how you do it. I know a number of people who have done it and most of them have then had to step back into the role within twelve month period. So it’s not an easy thing to do, but it is that final step. Now one way you can do that is you could sell the business and you install the new CEO by giving a new owner, that role. But if you’re wanting to hold onto the business, you’re going to go through the process of trying to either take someone internal and step them up. More likely going to be someone who is head of operations. You’re giving them the strategic level of CEO, or you’re going to bring someone external in to be the CEO so you can step out. 

So I just wanted to highlight some of those key roles that if you haven’t thought about filling, they’re the roles that I would be looking at. So no matter where you are in business, you definitely need to have a bookkeeper, you want to be looking at bringing in an executive or virtual assistant to take some of that admin, load off you. But only do that when you’ve got the cash flow to support it because it is not a cash flow producing role. They’re not going to put more money in your pocket, but they will free up your time as long as you use that time wisely to bring in more cash later in business, it doesn’t have to bring in more cash, it can just free up time. It can be an investment in giving you more time as you grow and we’ve got you out of delivery, we want to look at how do we get someone else to be responsible to marketing? You should already have various people doing things, but how do you get someone to sit over that and be the head of marketing? You’re going to need someone who’s going to become head of operations. Their job is to really run the company, the day to day operations of the company, so that you can report to that person and cheque in and they report back to you. So for me, my head of operations runs the whole show at automation NC and all I need to do is cheque in with her every two weeks, sometimes longer. But we just cheque in and see how things are going and she’s taking care of everything day to day from the delivery side, from the marketing side, all of those parts of it. So I’m going to leave it there in today’s episodes again, a short one, and get you thinking about the different roles that you need in your business moving forward.

Outro:

You’ve been listening to Entrepreneurs Rising. Thank you, dear listener for tuning in. I appreciate your time and look forward to connecting in future episodes if you would like show notes or any resources from today’s episode, you can find them at rising.show rising.show you can find the show notes for this episode and all other episodes as well as links to socials and or the ability to reach out and connect with me make your suggestions for future episodes. Until next time, keep up the journey.

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

115: Forging Resilience: My Lessons From James Kemp

In this week’s solo debrief episode of Entrepreneurs Rising, Carl Taylor shares his biggest takeaways from his conversation with James Kemp, a fierce proponent of the “sovereign consultant” business model and known for his skills in crafting compelling offers.

Carl reflects on James’ view on leveraging the three modalities — consulting, mentoring, and coaching — and why it’s a great idea to flexibly utilize these as skills, not just identities. 

He also goes back to their discussion about painful past relationship experiences, the value of clear and truthful communication, and the different paths they took that allowed them to become the astute, more resilient men they are today.

If you’re keen on living the life you’ve always wanted, this episode will help you get clear on the right direction to achieving your goals. 

IN THIS EPISODE, YOU’LL DISCOVER…

  • How Carl Taylor and James Kemp met (00:58)
  • James’ free template resource (01:34)
  • The three modalities: consulting, mentoring, and coaching (02:18)
  • Sovereign consultancy (05:42)
  • Relationship journeys and how these painful experiences forged Carl and James into the men they are today (06:35)
  • James’ three biggest pieces of advice (07:51)
  • How James shows up in his current rebuilding journey (10:30)

QUOTES

  • “You need to be building a business that serves your life. And to do that, you need to design your life first.” – Carl Taylor

RESOURCES

Entrepreneurs Rising Podcast Episode 114: The Path to Entrepreneurial Freedom with James Kemp

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

TRANSCRIPTION

Hello, and welcome to Entrepreneurs Rising. I’m your host, Carl Taylor. And this is a solo episode. This is an episode of just me and you together on YouTube or podcasts and audio wherever you may be. And this is where I debrief, my biggest takeaways, my house highlights out of the conversation I had earlier this week with James Kemp. Now, I say this all the time. But I do encourage you to if you haven’t already to go and listen to that full interview, it’s going to take about an hour of your time. These are long, deep conversations. If you don’t have that time, or you’d rather just get the highlights, then this is the episode for you. And if you already did listen to it, and you just want a good summary and reminder of some of the bits that maybe you were like, Oh, that’s great. And then you’ve forgotten about. That’s what this episode is for. It’s to really just show you the things that stood out to me.

Now James is someone I’ve known for many years, we couldn’t put an exact figure on it. But it’s definitely in the high single figures, not quite the decade. And James is someone that I have a lot of respect for. He’s an intelligent man, he’s gone through a journey that is quite challenging for men, we have some similarities in our journey, we have many differences in our journey, too. But he’s a very smart man. He’s a very genuine man. And he knows what he’s talking about, especially when it comes to offers, and I’ve consulted with him to help me on my office. So I think it’s a real privilege to have the opportunity to chat with him.

Now, he has a great resource that you can find out the offer code.co, the offer code.co. It’s a free template of how he sells millions of dollars worth of consulting services to using just a Google Doc. So highly recommend it, it’s free. He mentioned on the podcast, he had a guy recently download it for free and make over $100,000. And so when he made that much money from just the free thing, he then obviously then signed up to work more closely with James. So whether you’re a consultant or coach, or an IT provider, and agency, if you’re wanting to understand how you could sell more position your offer? Well, I do recommend checking that out.

Now, some of my biggest ahas was when chatting with James was he had this great distinction around these three modalities. And even the fact that he talked about them as modalities rather than identity. So what do I mean? Well, typically, and this may be you, typically you’ll meet someone that we are, I’m a business coach, or I’m a mentor, or I’m a consultant, and they take that as an as an identity, my identity is I’m a consultant, my identity is I’m a mentor, my identity is I’m a coach. And what he was saying is that that kind of puts people, sticks people in a bucket that keeps them trapped. Because really, if you’re going to be a leader, and we talked a lot about leadership in both business and in life in the episode, if you’re going to be a leader, and especially think about if you’re a parent, and he reflected this back to parenting, that you actually you need to use all those skills. And you so you’re not, the identity is maybe you’re a leader or you know, in my dad program, we talked about being a king, right, and the king is the leader of the family, the king is the owner of the business, the king is the protector of the family and the kingdom rather than the risk taker.

And so this mentorship is a tool that you use. And so he broke it down like this, that mentoring is I’ll tell you how I would do it. And that’s how I genuinely genuinely show up most of the time for my dad program clients is I’ll tell you how I would handle this like, Okay, this is the problem, here’s how I’d approach that. Consulting is going well, I’ll tell you how I, you know how to solve it, like just go and do this thing. And so if someone comes to me, and I’ve got a product called Deep Dive where I come and spend two days in their business, often in the deep dive, I’m getting more into the consulting, but there it’s gonna just do this, do this, do this. This is how we fix it. It’s a bit consultative where I engage with them. But at the end of the day, they leave with a here’s what you need to now go away and do if we haven’t done it on those two days. And the coach is a true coach, not someone who just calls himself a true coach and coaching as a skill or modality is I’ll show you that you already know. So true coaches are about kind of helping you find the innate wisdom that you have inside and helping you uncover that asking you lots of questions to get you to your truth. Mentors, here’s how I would handle it. And a consultant is just go out and do this. And most people will put themselves in a bucket but he talked about them as their different skills or modalities that you need to just pull on it the right lever and so if you think of yourself as a leader, or a parent, there are times when you’re going to mentor your child or your your team.

There are times you’re going to consult I reflected it back when I’m working with a operations manager there are times when I’m just going to come in and say, here’s what I need you to do. Go away and do this. And there are other times Where the mentor is about removing roadblocks. So it’s like, oh, this is the challenge you’ve got right now. Well, let me tell you how I would, how I think about this or how I would probably tackle this problem. I’m not telling them what to do. I’m just telling them how I would tackle the problem. And then the coaching is going like, Okay, well, let me what have you thought about? What are your options? What, what do you think’s the best action here and coaching them into their own place? And so if you have a team and you’re leading a team, you’re going to do this just like you would with a child, when you’re parenting them at times, you’re going to be telling them here’s what to do,  times you’re going to be telling them, here’s what I’ve done. And other times, you’re just going to be asking them questions to coach them through the process. That was probably one of the most profound things that came out of his mouth.

Yes, we talked about offers and building. James’s secret is he helps people become sovereign consultants, how do you build a million dollar profitable business with a team that you are plus a team member? Like? How do you go super small, very different to my approach of like, you need to build a business that works without you, it’s going to you’re going to need a team, you’re gonna need tech. And generally, the team is going to be more than one, it’s doable, but you’re probably going to need more than one, if you’re truly going to step out of your business. He’s trying to take leverage and approach of productizing your business similar to what I would get you to do. But he’s productizing the business down to still being the deliverer, because you’re choosing to be that consultant, who then pulls on those modalities of mentorship, consulting and coaching. So I thought that was really powerful of if you’re stuck in an identity right now, you need to shift that identity out of I am a coach, I’m a consultant, I’m a mentor to I use these as skills to address the type of client I work with, with the problems that I help solve.

Another thing that we touched on, which is a little bit outside of business, but we started to talk about some of our relationship journeys, we had similar relationship journeys, where the women in our lives kind of just up and left. And yeah, it was painful journeys for us. And we had, again, we had different approaches to how we did that I stepped out of all my business stuff, and just focused on me and healing me. And he had kids at the time, I didn’t have kids. And so he lent into the fire and the challenge, and that’s forged him into the man that he’s become just like my stepping into myself, forged me into the man I became. But one of the things that came came out of that that I liked, was the idea of clear is kind of sometimes, especially if you’re a nice guy, like I’m a recovering nice guy, it can be easy to be a bit murky, because you’re actually a little afraid maybe to ask for what you actually want or what you need, and your work or to tell them someone that you know, you’re not happy. And so clear is kind doesn’t necessarily mean clear is when you tell someone with clarity, where you’re at or what you need, or what’s going on, doesn’t necessarily mean that’s going to be met with happiness, but it is kind it’s kind of yourself, it’s kind to them because you’re speaking your truth.

And at the end of the episode, I asked him, What are the three biggest things he wants people to hear and he had first, like, put your mask on first, we’ve all heard that analogy of when in a plane, you put your own mask on before you put on your child or someone next to you. Plus, like you’ve got to, you’ve got to look after your own needs. First, if you’re not putting your mask on, if you’re not looking after your needs that you you’re just kind of escaping in in life, and eventually it’s all going to come to a head and that was my experience, that was James’s experience with the relationship side of things. The second thing he said is that you are the product of the five people, you hang around, which is a overused or well used saying, but what I liked about his distinction there is if you’re surrounded by people who are creating a business and a life that you don’t want. That’s what to think about. So it’s not just like, oh, I need a product of the five people around me, it’s like you are the product of the five people around you. And is that meaning that it’s kind of forcing you or leading you into a business model or into a life model that you actually don’t want.

And you really need to think about it is that putting you around people that are making you go I should do these things that isn’t the life you want, turning you into something you don’t want to be to really take a review take stock of those five people you spend the most time with. Is it turning you into someone you don’t want to be?  And then the last thing he said was we are all sovereign, you can buy sovereignty you talked about you can choose your life, you can take control of your life. And the idea and I fully agree with this is the first thing you need to do is you need to be building a business that serves your life. And to do that you need to design your life first, get crystal clear clarity on what life you want to have. And then how do you build the business to deliver on that life for you.

For me, I want the freedom to be able to travel and to spend time with my family to focus on passion projects and things that interest me that may not necessarily be super profitable. And I do that by having the businesses and the investments provide the cash flow and in a way that don’t require high amounts of my time so that I can show up and live the life that I want to have. I can spend the money on the travel I can have the nice Toys and the fancy things and lives in the nice houses, but also have the time freedom to choose how I use my time, pretty well every day, wake up and go and what I want to do today. So that’s kind of how I think about designing a life, and then building a business that serves it. Couple of other things that I think are really useful, useful things to to know is it was a little Perla towards the end of the episode, we talked about how he shows up.

So James right now is on a journey of rebuilding. And his goal is to get to a $5 million consultancy business of just him in a VA, him and another team member who’s in the Philippines. $5 million, that’s gonna have a lot of profit margin in that one. It’s just him and a VA, right. And he’s been there before he had a business of that level and even higher. But the way he does that is he acts today, like he’s already achieved that goal, the decisions he makes, the way he shows up in the business is based on it already being a $5 million business. But he gave the distinction, it doesn’t necessarily mean that he isn’t going and taking first class flights or spending crazy amounts of money that he doesn’t actually have because he’s trying to act like he’s a $5 million business. No, it’s about more the standards of how he shows up the standards of what the business needs to be the standards he expects of his team member. Those are the things that he thinks about. And I think that’s a valuable lesson to any of us where you know, whatever stage you’re in, in business, is it comes down to whatever your goal of where you’re trying to get to, you know, for me, it’s it’s a big part of why the identity shift for a dad, if you want to move more into what I call the king energy in your business, where you go from being the operator of the business to be an owner, that identity shift alone changes the way you show up in the business, you make different decisions in the business you make. You think about the roles and the tasks every day, when you’re when you get sucked in to do something. Your mindset is like, Okay, this is me getting stuck in the day to day I’m not being the owner of the business. How do I make sure this never happens again, like all of those things start to shift. When you act like, no, I’m supposed to be the owner of the business, not the operator. I shouldn’t be doing this. So that’s some of the biggest takeaways from the episode.

I do encourage you to go and listen to that episode. But it was a great one. James is a really good dude. Again, I recommend the offer code.co Go and check that out. Until next time, keep up the journey. If you’re liking the show, and you’ve been listening for a while, be sure to subscribe, leave a review, share it with friends, let other people know, and I would love to hear from you. If you’ve been listening for a while, silently maybe you haven’t left a review. But you’ve got some good value and it’s had an impact in your business, reach out rising dot show is where you can do that. Or you can also find me personally at Carl taylor.com call with a C. So if you if you’ve got a story to share, I would love to hear from you because it helps me know that this content is helping other people. So rising tide show all the show notes everything you need. Keep up the journey. Keep listening to this podcast and always open to feedback and to hear from you. Till next time. See ya

Outro:

You’ve been listening to Entrepreneurs Rising. Thank you, dear listener for tuning in. I appreciate your time and look forward to connecting in future episodes if you would like show notes or any resources from today’s episode, you can find them at rising.show rising.show you can find the show notes for this episode and all other episodes as well as links to socials and or the ability to reach out and connect with me make your suggestions for future episodes. Until next time, keep up the journey.

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