Show Summary

Bestselling Author and Entrepreneur Chris Ducker joins Mike Michalowicz, Chris Curran and Kristina Bolduc for Episode 56 of the Profit First Podcast! Chris talks about the benefits of bringing your business virtual.

Our Guest 

Chris Ducker is a serial entrepreneur, keynote speaker and author of the bestseller, “Virtual Freedom”. Originally from the UK, Chris has lived in the Philippines for 15-years, where he hosts the annual Tropical Think Tank mastermind event and has founded several businesses, which combined house over 300 full-time employees. He is also a popular business blogger and podcaster at ChrisDucker.com and founder of Youpreneur.com, an exclusive entrepreneurial mastermind community. Follow Chris on Twitter @chrisducker.

Show Quotes 

A good goal for business owners is to try to become as removed from your business as possible. Hire people to run the show and stick to the tasks that you do best rather than having to do everything. This will lighten up your schedule and let you enjoy your business. Delegation is important, but you have to make the transition slowly… this is not a quick fix.

Write up your “Three List to Freedom”

1. Create 3 columns on a piece of paper. List the daily/weekly tasks that you hate doing.

2. List the things you are struggling to do or cannot do. We believe we are our own superhero and can do everything… but we need to take a step back and break it down.

3. This is the GAME CHANGER step: List the things you (as the business owner) feel you should not be doing – keep in mind you may love doing them, bust ask yourself “can my time be more useful elsewhere in higher level activities?”

Training is a broad term when you’re talking about staff. On boarding people properly is more important – because if you don’t do it properly they will never know what you like and how you expect things to be done. Hire for the role and not for the task. Don’t hire 1 person and expect them to do 5 different jobs.

You can’t start working more virtually until you determine what tasks you can outsource (by using the three list to freedom method above). Working with someone virtually is not much different from working in the office other than the potential time-zone adjustments and not being there physically.

To dip your toe in the virtual water, consider using a virtual accountant or bookkeeper! Perhaps at www.profitfirstprofessionals.com 😉

Corporate Partners

Nextiva – VOIP phone providers for small businesses.

Fundera – Single source online funding for entrepreneurs. Also offers an adviser program for CPAs, bookkeepers and business coaches.

TSheets – The #1 customer rated time tracking solution!

Fundbox –  the simplest and fastest way to fix your cash flow by advancing payments for your outstanding invoices.

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