In episode #1567, Neil and Eric discuss the main ways they have been able to save money in their businesses over the years. You will hear about the importance of hiring experienced talent, payment structures that help shave off expenses, and tracking spending like a hawk. To learn more, be sure to tune in today!
TIME-STAMPED SHOW NOTES:
- [00:25] Today’s topic: Nifty Business Secrets That Can Help You Save Six to Seven Figures.
- [00:35] How paying for better talent–even though it is expensive–has saved Neil money.
- [02:15] Avoid micromanaging people and give them goals to achieve instead.
- [02:50] Use a performance-based payment structure to help you save costs.
- [03:35] Why hiring high potential talent rather than experienced people has been expensive for Eric.
- [04:46] The benefits of hiring people who have already executed the tasks you need them to do.
- [05:13] Tracking every single expense on an Excel spreadsheet – how this has helped Neil.
- [06:08] That’s it for today!
- [06:08] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or call us on 310-349-3785!
Links Mentioned in Today’s Episode:
Michael Gullaksen
Measure What Matters
Traction
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