In this episode, we discuss how we need to have other people on our team to achieve great things.
Full Transcript
Hi Everyone, welcome to the You’re Daily Cup of Joe Podcast, with your host Joe Bautista. In this podcast, my goal is to give you quick lessons that you can reflect on in your journal so you can grow yourself physically, mentally, emotionally, and spiritually and have a better career, better relationships, and better personal finances while you enjoy your morning cup of coffee.
I’m also the author of the book “More You Know, More You Grow: How to Get Better Every Day”. In this book, I wrote down over 30 tips to help you grow in those four cornerstones. I’m also the founder of Grow With Joe, where I combine self-development coaching and financial planning for Latino Professionals.
In today’s episode, we are going to talk about how we need to have other people on our team if we want to achieve great things. I would like to say, if it wasn’t for other people, I wouldn’t be where I am today in life. I wouldn’t have started my own business, I would not be traveling the world, and I would have made a lot of bad decisions that would have set me back.
One reason why I like to read books is that I can use those authors as trusted advisors to help me make good decisions to help me go far, but I also can’t do everything and need a team to help me out. Without a team, you can definitely go fast because you don’t have to get people on board with your decision. You can just make a decision and see if things work or not.
Since I just starting this entrepreneurship journey, I definitely can’t afford to start delegating everything out. But there are a lot of tools now that allow me to do pretty good work by myself. Canva is my graphic designer, Camtasia is my video editor, calendly sets my appointments, and I use a bunch of other software solutions to help me run my business.
These tools allow me to move fast while I work on growing the business. But there is definitely going to come to a point where I need to add to my team. My goal is once I reach 50 clients, then I can hire a paraplanner to start doing the financial plans and sit in on meetings to eventually become a financial advisor.
In the United States, only two percent of financial advisors are Latino and the US population of Latinos is around nineteen percent. And as one financial advisor, I can really only handle 75 to 100 clients a year by myself. But my goal is to help out 10,000 families. so I need to have between 50 and 70 financial advisors underneath me to help me reach that goal.
I could create a nice life by only have 75 clients but the way I see it, I can do more and the world has a lot of problems in it. The world has given me a lot and I need to give back what I can. If I can help people with their finances and their personal development, then the world is going to be better off.
This goal of helping out 10,000 families is much farther than I would have guessed I could have gone in life if it wasn’t for learning from others through books, podcasts, YouTube videos, and conversations with others. Those experiences have raised my perception of what I can accomplish.
So it’s a multi-facet process, you need others to let you know how far you can go, and then you need a team to help you get there. If you watched the Pursuit of Happyness, with Will Smith, he needed to see a financial advisor drive a red sports car to see his potential and he needed the financial firm to take a bet on him to do well.
Chris Gardner, who is the guy Will Smith played in the movie, gave me a lot of motivation with my life and helped me see how far I could go in life. And with what I plan to build in the future, I know I’m definitely going to need a team. My MBA at Syracuse is already letting me know that I need a Chief Information Officer, a Chief Operation Officer, and a bunch of other roles.
With a lot of financial service companies, they are already established and how old systems that are slowing them down. So I can move fast now, which is what I need but down the road, I’m going to have to slow down but it will help me reach new heights.
And that’s it for today’s episode, to summarize it, if you go alone, you can go fast, but if you go as a team, you’ll go far, which is an African proverb. So depending on the size of your goals, will determine how big your team is going to be. But also, don’t try to do everything. Saving money on labor costs is not a great thing if it means you have to work 20 hour days. Time is something that we can never get back, so it’s wise to start delegating tasks to others when you can. For myself, I started delegating the editing of this podcast to someone else and this has freed up six hours a week for myself, which I can apply to other tasks that can generate more revenue for myself. In the beginning, we’re probably going to have to go alone, but don’t stay there. Do this and you can have a great life.
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