EP 139: Getting The Best From The People Who Work For You With Eventual Millionaire Founder Jaime Masters

Published: June 26, 2018, 12:30 p.m.

b'The Nitty Gritty\\n\\n* Jaime\\u2019s lessons from hiring virtual assistants in the Philippines \\u2014 and why she eventually hired an employee local to her\\n* How Jaime and her team use Asana to manage projects and assign tasks\\n* What books and tools Jaime uses to track employee time \\u2014 and how she uses that as a tool to ensure employees are doing what they love with their time\\n* Hear more about Jaime\\u2019s approach to the not-so-fun aspect of running a business: firing employees\\n* The difference between an owner and an operator \\u2014 yet how crucial they are to each other\\u2019s success\\n\\nJaime Masters is a business coach and host of the Eventual Millionaire blog and the going-on-seven-years podcast series. In this episode of What Works, Jaime walks us through her process for hiring and keeping employees happy. She also shares her tactics for firing underperforming employees in a fair and diplomatic way.\\nCurious about the resources that Jaime mentions on this episode? You can find them all at this link!\\nWe release new episodes of What Works every week. Subscribe on iTunes so you never miss an episode.\\nWhen hiring an employee is good for business\\n\\u201cBefore I was trying to hide from the responsibility [of having employees] because I had a bad experience. But it made me understand how important it is to not do everything yourself. I thought I was good at everything but my executive assistant was good at so many other things than me. Letting go made a huge different in my sanity. I could double myself.\\u201d \\u2014 Jaime Masters\\nBefore Jaime hired her first employee, she tried working with virtual assistants from the Philippines. Jaime was afraid to hire an employee because of negative experiences in the past \\u2014 and she thought that a V.A. would meet her business needs.\\nBut a coach she worked with told her an employee is a good thing. \\u201cYou\\u2019ll be a better business owner because you have that responsibility,\\u201d they said. Jaime took that to heart and hired her first employee: an executive assistant. It turns out Jaime\\u2019s coach was right: not only did hiring an employee force Jaime to show up on time \\u2014 it also made her more dedicated to her work. \\u201cIt made me put roots down and say: okay, we\\u2019re doing this!\\u201d she says.\\nToday, Jaime employs four full-time employees: an operator, a full-time virtual assistant, a technician who specializes in Infusionsoft, and a personal assistant. She also works with many contractors, including ghost writers, copywriters, and podcast editors.\\nAn overlooked reason why tracking employee time is a good thing\\n\\u201cThe goal is to level up the things that they do best so that they can feel in flow and love their job.\\u201d \\u2014 Jaime Masters\\nIn most jobs, tracking time and tasks is a way to keep employees accountable. But in Jaime\\u2019s world, she uses time tracking not only to see what employees are spending their time on \\u2014 but also to ensure they\\u2019re spending time on the things that they love.\\nIf employees spend more time on things they\\u2019re naturally good at, they\\u2019re happier and more productive. That\\u2019s what Jaime\\u2019s seen with her team by putting this practice into place. And it\\u2019s super simple: they use the RescueTime time management software.\\nTaking the emotion out of firing underperforming employees\\n\\u201cI had to put something in place on the firing side so that I could separate it from my emotions because I want to help everybody and I hate firing people. Everybody\\u2019s probably heard that you want to be slow to hire and quick to fire.'