How to run 50 companies at once

Ever wonder how some business owners can run all of these companies while you only have one and are still short on time?

There actually is a pretty simple answer to this.

See, businesses can be broken down into three stages:

1) In the first stage, it’s pretty much just yourself. You are still figuring things out, how do we acquire customers for this, what needs to be done on the day-to-day… In the best case, you’re also documenting everything you do in the form of SOPs.

2) Because in the second stage, that will become really useful. This is when you start hiring: you look at all your SOPs and everything that needs to be done and divide these tasks into different positions that you can then hire. You stay in this stage until there is someone for nearly every task and your job dials down to mostly people managing and hiring.

3) In the third stage, you will hire someone to take on that exact job, management and hiring. You will hire a good CEO to run the business; while the guy will need some extra guides for the first couple of weeks or months, the end goal here is for him to be able to mostly run the business by himself with only a monthly or quarterly update call with you.

The biggest challenges you will encounter along this way: Hiring and leading people.

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