Show Notes
Dr Steve Day is a former GP who built a property investment portfolio and then decided to explore how he could extrapolate himself from the business and built a series of systems and processes whilst working from Sweden where he now lives. Steve bought his first investment property when he was in his early 20’s, and made some “bad” business decisions but managed to keep hold of his property portfolio and then decided to retrain as a doctor in his late 20’s, with 7 years training required to achieve this goal.
Steve ended up creating a series of sideline businesses whilst he was a GP, but realised that he felt “restricted” working as a GP, and so then decided to return to the business world full time where he continued to build his property portfolio and then ultimately then built his current business Systems and Outsourcing.
Steve is extremely passionate about optimising processes both for his own and other people’s businesses and has create a business around this which in his words: “We help micro-business owners and entrepreneurs free their time using systems and outsourcing. We will show you how to hire, train, manage and grow a reliable, dedicated team of remote workers. We will provide you with step by step guidance on systemising your business processes and creating your operations manual to remove yourself entirely from the day-to-day operations of your business, enabling you to focus on what's most important to you in life.”
Key Takeaways:
- The only way that businesses scale and don’t fail is by implementing systems and processes
- Steve has a logical approach to business and enjoys dissecting them
- What am I doing right now that I shouldn’t actually be doing?
- Record me doing that process, then get someone else to do it, explaining how you do the task as you are doing it
- Capture the “how” of that task
- Then a virtual assistant turns that task into a recorded process which is documented
- Every 10 minute task that you do daily, is costing you a week per year
- If you have a system for offloading your work, then you can start thinking about how to make improvements on the day-to-day activities that you work on
- If you can remove yourself from your “admin” tasks, then your earning capacity immediately increases.
- If you can pay someone less than doing your low value work then you can increase your high value work
- If you want to have more freedom in your life, you have to figure out how to free up some time from your business
- Learning to “trust the system” versus “trusting the person” is a key step in the evolution of making sure that your systems are working effectively
- Business gets harder as the business gets bigger
- The only way that a business can scale and not fail is by implementing robust systems and processes
Steve is extremely structured with his time and has freed up both a Monday and a Friday which means that he can go and do the things which he wants to.
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