In this episode of The Hyperfast Agent Podcast, host Dan Lesniak speaks with software guru and entrepreneur, Geordie Wardman. Geordie has started 5 companies that build software to help entrepreneurs save time, and shares tips on how to utilize automation and delegation to minimize repetitive tasks.
Episode Highlights:
- Geordie’s companies develop software to help entrepreneurs track their time.
- Passive income has inspired Geordie in creating his companies and picking his investments.
- The time-tracking program that Geordie is working on allows entrepreneurs to delegate tasks that they don’t need to be doing.
- Tracking time in a spreadsheet can make your time usage so much more efficient.
- There are a lot of real estate agents that struggle with efficiently using their time.
- Real estate agents can use Geordie’s method without taking any time out of their day by recording on Loom.
- Anyone that wants to build software around this principle can reach out to Geordie for a quote.
- Software As A Service (SAAS) companies have given Geordie multiple revenue streams and diversified his portfolio.
- Time efficiency allows entrepreneurs to grow their businesses faster through automation and delegation.
- You need to know what tasks you do not need to be doing in order to increase productivity.
- Take your annual income and break it down into monthly and hourly so you know what your time is worth.
- Anything outside of your most important tasks should be delegated so you can focus on growing.
- Training others to do the important tasks will fuel growth and reduce stress.
- Lead gen, sales, collection, and fulfillment are the elements that make up all businesses.
- Utilize Google Docs to separate your business into finance, operations, sales, and marketing.
- There are a plethora of software that you can use to organize and manage your teams.
- Using solely email makes it difficult to organize and can make things very messy.
- KPIs can be used to track the progress of the business and each individual department.
- Most real estate agents are focusing on the lagging indicators instead of the leading indicators.
- Keeping a finger on the pulse of the company will ensure that nothing is broken and holding the company back from growing.
- Geordie is working on a new project that is going to bring in more leads through social media.
- Twitter and Facebook provide a massive number of free leads if you know how to look.
- Focus on finishing one task until it is done before you move onto the next one.
- Diversifying your portfolio will allow your business to break through the challenge of a global pandemic.
3 Key Points:
- When you are able to track your time, you can find out how much time you are spending on tasks that should be delegated.
- Writing out the key elements of the business, and then training other people to do those, is how all companies grow. Your business is not going to be different.
- Using Key Performance Indicators (KPIs) allows entrepreneurs to track their most important numbers and keep a finger on the pulse of the business.
Tweetable Quotes:
- “No CEO should be doing anything twice.” - Geordie Wardman
- “This is clearly not something that I should be working on...I should be building the team...I should be speaking with clients...These are the activities that I should really be focusing on.” - Geordie Wardman
- “It doesn’t stop if you’re the one-man show or the billion-dollar portfolio with four thousand employees.” - Geordie Wardman
- “It’s probably one of the biggest data sources in the world right now...and it’s all open...Twitter is a huge source for leads.” - Geordie Wardman
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