Everyone tells you to work on the business, not in it. Nobody actually shows you how. In this episode I walk through the Leverage Audit, the exact first thing I do with every client who wants their time back, and the same process I used to pull myself out of my last two businesses.
Here's why most people get this wrong. They're reactive. They go "what could I automate?" before they've got any idea where their time is actually going. You can't make good decisions without the data. The audit gets everything out of your head and onto paper first, and then the answers are obvious.
Here's what I cover:
-What the Leverage Audit actually is. An honest inventory of what you do with every 15 minutes of your day. Not a productivity hack, the groundwork that shows you exactly where your hours are leaking before you automate or hire a single thing.
-Step one, log everything for one to two weeks. Set a recurring alarm every 15 minutes and write down what you're doing, personal or work, no matter how small. Tag each block with a category (sales, marketing, delivery, finance, ops, team) and an energy rating: energising, neutral, or draining.
-Work out your buyback rate. Take your annual income, salary plus profit, and divide by the hours you work a year (most people about 2,000). That's your effective hourly rate. If you can outsource a task for under 25% of that rate, you should, so you can spend more time on the $100+ an hour work like sales and marketing. Shout out to Dan Martell's Buy Back Your Time for the principle.
-Run every recurring task through four actions. Systemise it, keep it, hand it off, or stop doing it completely. Keep the stuff you love or that gives a great return, like sales calls. Hand off the draining low-value stuff. Systemise it first if there's no process, then hand it off.
-The payoff. The last tab tells you exactly how many hours a week you can get back, split into what to stop, hand off, systemise first, and keep. That's your roadmap. For most clients this is a 2 to 3 month process to get their time back, and then we move on to revenue and margins.
Timestamps:
00:00 Intro: what the Leverage Audit is
00:54 Quick life update (I bought a Tesla)
01:47 What the audit actually is
02:23 Step 1: log everything every 15 minutes
02:53 Step 2: the task analysis tab
03:01 How to work out your buyback rate
04:30 Reading your time log (category and energy)
05:03 Systemise, keep, hand off, or stop
06:51 The payoff: how many hours you get back
08:54 Why most people try to automate the wrong way
Want to run this on your own business? Send me the word "audit" on Instagram or Facebook and I'll send you the full training and the exact template I use with clients, so you can log your week, work out your buyback rate, and see how many hours you could get back. This is genuinely the first thing we'd do together if you worked with me.
Find out how to get 20 hours/week back -https://leveragedceo.com.au/getyourtimeback