Kris Ward is the leading authority in building your business by building your team. Kris is the founder of the Win The Hour, Win the Day philosophy. She helps entrepreneurs create their W.I.N Team (what is next) team using her signature Super Tool Kits so you can get your Idea to execution and make your ambitions come alive!!
After the loss of her husband, Kris returned full-time to her work as a marketing strategist. She was thankful to see that her business had not only survived her absence but was thriving.
Now, Kris has completely changed the landscape for entrepreneurs by sharing the successful practices that allowed her absence.
Kris has been interviewed by one of the original sharks from Shark Tank, Kevin Harrington, and ABC’s The Secret Millionaire - James Malinchak. She has been featured on award-winning podcasts, radio and TV shows.
You can hear Kris on her own podcast - Win The Hour Win The Day, where she has engaging conversations with dynamic guests covering a variety of business topics so you can get to your next win now!
As part of the 100th episode special, Robin Waite welcomes best-selling author, entrepreneur and podcast host Kris Ward. She joins Robin today to share her professional insight on teambuilding, marketing, time management and building a business.
Kris is a leading authority figure in successfully building your business and your team. According to Kris, the philosophy involved in her best-selling book Win The Hour Win The Day is centred around time management and learning to simplify things in your business. Too often, entrepreneurs tend to bite off more than they can chew, prioritise larger scale projects and overwhelm themselves with too many tasks. Throughout Win The Hour Win The Day, Kris emphasises that every entrepreneur must learn to simplify things to ensure business success. As Kris quotes, “If you can win the hour, you can win the day”, meaning if you allocate your time successfully within just an hour, you’ll produce more productive results that day.
When it comes to growing their business, Kris believes that most entrepreneurs fail when they overlook the amount of time they’ll need. Kris equates time with money, using the analogy of a “time bank”.
Kris reckons over 95% of entrepreneurs don’t understand their time bank account. When entrepreneurs schedule things in their work calendars they fail to consider their daily, fundamental tasks as it’s become more commonplace to them. Many tend to downplay them, claiming that they can easily put aside fifteen minutes to complete them or just finish them when they get some downtime. Unfortunately, this is the start of an unhealthy cycle; those emails that were once quick tasks soon tend to build up and become tasks that can take hours due to the sheer scale of the backlog.
To rectify this, Kris advises that entrepreneurs should even include the mundane tasks on their calendars. For example, you could be looking at your work calendar and believe you have eight hours free when in reality, once your daily tasks are complete, you may only have four. A huge red flag to look out for is when you find yourself saying, “once I catch up, I’ll be fine”, the process of running a business isn’t something that miraculously slows down. In fact, if you want to make any profit, you’ll be working increasingly harder to grow your business.
Once these tasks get too much for one person to manage, most entrepreneurs will be looking to grow their team. For this, Kris recommends being highly thorough with the recruiting process. Although this piece of advice may seem obvious, most entrepreneurs often overlook this when they are looking to hire someone simply because of their value for money.
Kris explains that if you recruit someone slightly more underqualified but cheaper than the more suitable candidate, you may find yourself making up those costs through the likes of onboarding, and courses which also costs you time. So instead, look for someone who not only brings something new to the table but also helps you to learn rather than sit and walk them through the whole process.
Kris swears by the 60 / 40 rule when managing her teams, which simultaneously boosts creativity and productivity in the workplace. For this to work, you ideally want your employees to be completing tasks that are 60% creative and 40% daily admin tasks. This not only makes sure that your daily tasks are done but allows your employees new opportunities for growth as they can research and put forward new ideas for your company.
As a business owner, when it comes to managing your team, you want to be the dumbest in the room, don’t be afraid to be led by your team; you are aiming for more automation, after all.
Most of Kris’ clients, when starting a business, come to her in the hopes that they can start one to free up personal time. Both Kris and Robin agree that you may want to reconsider your options if you go in with this intention. Building a business can take a lot of time and dedication, not only from yourself but from your family members and loved ones who support you. Furthermore, many go in purely intending to make money, which is understandable and fundamental to running every successful business; however, if you want to reap those results, you have to have another purpose.
A common myth within the business community is that you need to dedicate your life to the grind completely to be successful as an entrepreneur. This mindset is untrue, and its toxicity can lead to circumstances such as business burnout or breakdowns. Having experienced this herself, Kris believes that entrepreneurs find themselves being counterproductive as they can’t set boundaries within their business and are addicted to “responding to that one last email”. This means they miss out on things in their personal lives as their work-life tend to overlap.
Due to the nature of the grind ethic, Kris found herself comprising her sleep schedule to keep up with work-related tasks. As a result, she often worked tired, irritable, and exhausted, still believing she had to put in the work to succeed. After a heart to heart with her husband, Kris researched the amount of time successful CEOs dedicate to running their companies. She was shocked to find that most strive to keep their work life and personal life separate and worked half the amount of hours she did. Because of this, Kris went from working sixteen hours a day to six. Ultimately, she found that not only could she be more productive and healthier within her workplace, she could also allocate time in her personal life to the things that matter.
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