Hi, John Peterson from Best Practice. I’d like to share a few insights with you on how to reduce stress as a business owner.
(How to Reduce Stress as a Business Owner)
One of the things we tend to do is we tend to put a lot of weight and responsibility on our own shoulders and we don’t necessarily follow the rules of scalability because we’re so worried about doing the right thing and relying on ourselves. It’s human nature to rely on yourself, isn’t it? If it is to be, it’s up to me. But at some point, you’ve got to really get wiser about how to use your team, your employees to help you get the work off your desk or off your shoulders and create more scalability for yourself to reduce your own stress and your own workload pressure. So think about this. In any business in any industry, you really need to have three levels in your business. You need to have a leadership level, a managerial level, and the employee level.
(Leader, Manager, Employee)
If you think more like I do, then it’s a finder, minder, and grinder level.
(Finder, Minder, Grinder)
That helps you to get your mindset right about what you really need in your business. You see, 4% of the things you do are really difficult to replicate. That’s the finder, innate, years of experience that you’ve developed. Talking to clients, having expertise that you’ve developed up, they can take a long time to transfer some of that high level expertise and capability that you have. But you’ve got to think about these three levels and look where the work should be done, finder, minder, and grinder.
The grinder level’s where all the work should be done, isn’t it? So start out with this new mantra. This mantra is that 80% of what you do can be done by somebody else 100% of the time. When you take that approach, you start to look at your employees much more favorably as assets instead of looking at them as people that don’t necessarily perform to an optimum level. You’ll be astonished how valuable your employees not only can be, but how interested they can become in the workplace and taking your business where you want it to go and helping you do that when you start taking their role more seriously.
So when you kept taking the work off their desk and solving the bigger problems yourself, you’re really disempowering your own journey to master your own business. Think again about that - a finder level, a minder level, and a grinder level, and think about those percentage ratios. 80% of what you do can be done by somebody else 100% of the time.
(Finder, Minder, Grinder)
So at the grinder level, 80% of your headcount should be at the grinder level, only 16% of your headcount should be at the minder level and only 4% of your staff or your headcount should be at the finder level.
(Finder 4%, Minder 16%, Grinder 80%)
We end up always too top heavy. We have too many people in the minder level, and not enough grinders actually getting the work done. I’m not intending to be derogatory. I want you just to use that mindset to appreciate the value of having a team getting the work done at the right level. Getting the right work done at the right level rather than you always picking it up. That’s all for now. I’ll talk to you again soon.