Outsourcing and Hiring with Guest Bonnie Fahy: MakingBank S1E48

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=== SUMMARY ===

Entrepreneurs fight a number of battles.

But the one opponent we fight more than any other is time.

Whether arrived or aspiring, all entrepreneurs struggle against time.

The all-encompassing hustle and grind of starting and scaling a business cannibalizes free-time at a furious pace—a pace that is both unsustainable and unhealthy.

To reclaim time from the jaws of business—to get it back so it can be spent with friends and family as opposed to work—requires something hustle and determination can’t provide:

Help.

The key to schedule expansion is the strategic enlistment of help.

Unfortunately, help isn’t always an easy thing to come by. Employees are expensive and, for most entrepreneurs just getting started, out of the question.

And that’s where outsourcing comes into the picture.

Almost anything can be outsourced, from individual tasks to BIG complicated projects.

Data entry, email management, blog writing, website construction—it can all be passed on to someone else.

As entrepreneurs, taking advantage of outsourcing is essential. It is the key to creating additional bandwidth where none could otherwise exist.

Determining what to outsource is easy—hire-out everything that is beyond your area of expertise, so you can devote your entire focus to that expertise and the revenue it generates.

But who to outsource to, and how to hire them, isn’t as cut and dry.

How do you find the right person, pay them fairly, and ensure they’re getting the work done all at the same time?

To help us answer that question (and countless others), please welcome Bonnie Fahy onto this episode of Making Bank.

Bonnie is a former balloon artists (seriously!) turned uber-successful entrepreneur who used trial and error, coupled with a fortuitous experience in Las Vegas, to discover the secret to wealth isn’t rooted in what you can do, it’s rooted in what you can get other people to do for you.

Today, Bonnie’s company Source It, helps businesses pioneer more effective processes and generate better returns using both domestic and overseas outsourcing.

Listen as Bonnie as she shares dynamite insights, including: 

• Why owning a clear inventory of your time is essential to determining what you can outsource
• How “hybridsoucring” works
• Why stubbornness can pay
• How to determine what needs to be outsourced versus what needs to be kept internal

#MakingBank #JoshFelber #BonnieFahy

 

=== ABOUT Josh Felber ===

As a High Performance Coach and Start-Up Advisor, I help business owners, entrepreneurs, & millennials understand where you can grow your business with fast proven results to obtain wealth and find freedom. 

A serial entrepreneur with 28+ years of starting and growing multiple multi-million dollar companies (including one with $5 Billion annual revenues), I’ve been:

• 2x Best-Selling Author as a co-author with Steve Forbes & Brian Tracy
• Voted the Best Personal Finance Expert in 2014 (National GOBankingRates competition)
• A contributor to articles on Entrepreneur.com, Inc.com, & Forbes.com
• Recognized multiple times in the National Who’s Who of Entrepreneurs
• Expert guest on NBC, CBS, ABC, and FOX
• Keynote Speaker
• Host of Making Bank TV Show

I’ve helped my clients achieve:

• Business growth from 6 to 7 figures & doubled revenues in as short as 6 months
• Sales growth in 25% within 3 months using online and digital marketing
• Go from 0 to $30 Million company valuation in 9 years

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