How One Business Owner Cut His Workload by 90% and Boosted Profits Through Smart Systems
Are SO ready to leave behind 60-80 workweeks in the name of ‘freedom’ in your business?
Get ready to be inspired by the story of a 2nd-time Eye Openers guest and business owner, Daniel Felt of Kura Home, who managed to turn things around in a big way.
By shifting his focus to systems and processes, he went from working 60-hour weeks to only dedicating 5-15 hours a week to his business, leaving time to devote to his young family (which includes, in addition to his wife and children, horses, cats, dogs, and 18 chickens!), all while being more profitable than ever.
In this episode of Eye Openers, we discuss:
The importance of having fun and finding joy in your work
Evaluating what is profitable and cutting out what’s not
Being more profitable than ever before while working less
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Eye Opening Insights:
[00:07:54] And when there's a repetitive task, and I, I think what it is, is you keep on handing off like little things and pretty soon they get bigger and bigger and you're building trust with your team members and, and getting to the point even where I don't even, I don't run payroll at my company anymore. You know, all these things that, Big, big things that at a certain point when you start your business, you're like, there's no way anyone else can do that. At one point I felt like I was the only one who could do an estimate at my company for a homeowner. I haven't done an estimate like four years. So it's just these little things of building trust and getting to the point where you let someone like do something cuz maybe you're out of town that week or whatever, and they did it way better.
[00:14:38] All that's great, but it's like, man, this is, you're not really having fun. And so we really looked, we had expanded to five owner owned locations across the country and it was becoming very difficult. We had 52 employees and I'm not the type of person to micromanage. And like, even when I on naturally like enforce to, I, I absolutely hate it. I don't do a good job. And, and so gotta the point where we just kind of started pulling back and just really evaluating like, if this isn't making money and it's not bringing, you know, joy or happiness into like the company and into my life, we just have to get rid of it. Like, it's not, it's not worth it.
[00:25:00] And then one thing I, I tell people to ask, if you're interviewing for a coach, ask them if they have their own coach, because as a coach, I ha I pay my own person to get me to do the exact same things you just spoke about. It's not about, You know, do I know that these are the things I should be doing? Yes, but there's, it's like going to the gym and doing your own thing, or having a trainer standing there. There's this level of performance and accountability, even as a driven person, that it changes the way that you show up. It changes the outcomes that you can achieve, right? It helps you see your blind spots.
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About Daniel
Daniel Felt is the Founder and CEO of Kura Home. Since starting in 2016, Kura Home has grown from Daniels garage to now servicing the greater Minneapolis area. Focusing on high quality work at a fair price, Kura Home services over 600 homes on a quarterly basis completing their routine maintenance needs. In his free time, Daniel enjoys being a husband, father, camping, hiking, marathons, ultra marathons, and Ironman triathlons. He is also a private pilot and certified home inspector.
Daniel's goals for 2023 include selling 10 licenses, reading (listening to) 52 books, and servicing a total of 1000 homes' routine maintenance needs.