If you think by doing everything in your business yourself makes financial sense, then this episode was made just for you! Listen in and discover how you can step back from your business, buy back your time, and start enjoying the lifestyle you’ve always wanted, all while ensuring your business thrives and grows. 

In this episode of Dadpreneurs Rising, Carl Taylor discusses the importance of your automation rate, how it’s calculated and the potential it could be having on your business. Carl also breaks down the formula to establish just how much you can afford to pay to buy back an hour of your time. 

Carl emphasises that the mentality of "It's too expensive to hire someone" is flawed and that being willing to invest in a team or technology at your calculated automation rate to free up your time. The key is determining what you can realistically afford to pay someone else to handle parts of your business operations.

Remember, if your automation rate is too low, it signals that you need to first increase your business revenues before hiring support makes financial sense. However, once you can afford to buy back your time at a viable rate, Carl stresses not to keep doing lower-level tasks yourself. Doing so prevents you from working on higher-value activities to grow your business and spending time on other important priorities, such as enjoying life with your family and pursuing personal growth.