EP30 The three hats you wear as a founder

16/07/2024 29 min
EP30 The three hats you wear as a founder

Listen "EP30 The three hats you wear as a founder"

Episode Synopsis

Send us a textIn this conversation, Mike  discusses the three different roles that entrepreneurs play in a small and mid-sized business: shareholder/investor, director, and employee. He emphasizes the importance of understanding and separating these roles to avoid overwhelm and maximize productivity. Scott provides a delegation framework, the 70% rule, and introduces the Eisenhower matrix as tools to prioritize tasks and focus on high-value activities. He also encourages entrepreneurs to determine the value of their time and delegate tasks that can be done at least 70% as well by someone else.TakeawaysEntrepreneurs in small and mid-sized businesses play three different roles: shareholder/investor, director, and employee.Understanding and separating these roles is crucial to avoid overwhelm and maximize productivity.The 70% rule can help entrepreneurs determine which tasks to delegate by asking if someone else can do it at least 70% as well.The Eisenhower matrix is a useful tool for prioritizing tasks based on urgency and importance.Entrepreneurs should determine the value of their time and focus on high-value activities.Chapters00:00 Introduction08:08 Shareholder/Investor Role14:15 Director Role19:23 Determining the Value of Your Time25:32 Delegating and Prioritizing Tasks28:07 ConclusionFind out more about working with me or about applying to join the ILN. [email protected] https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/