131: Embracing the 4-Day Work Week, Running 6 Businesses, and Managing 500 Properties with Navid Moosa

More Than Social Podcast

When it comes to entrepreneurship and managing multiple ventures, it's easy to get stuck and overwhelmed. With six businesses under his belt and over 500 properties in his portfolio, my guest, Navid Moosa, maintains an enviable work-life balance, working only four days a week. Together, we uncover the secrets behind his incredible success. Navid is a seasoned real estate agent turned investor with over 20 years of experience. With a keen eye for opportunity and a talent for identifying trends, Navid has successfully invested in various industries and built a diverse portfolio of businesses. Navid, a real estate titan and serial entrepreneur, credits much of his success to outsourcing and effective leadership. Leveraging other people's expertise to grow businesses and free up time might not be new, but Navid's approach is unique. His story emphasizes the importance of delegating tasks and empowering others, allowing them to shine while contributing to the business's growth. Navid introduced his MDTA strategy—mindset, Discipline, Time Management, and Action. This framework lays the foundation for his achievements and can serve as a blueprint for others looking to replicate his success. The journey of delegation and empowerment doesn't end with hiring the right people; it's also about training them effectively. Navid suggests a phased approach, from involvement and gradual withdrawal to independent operation by the new hire. This ensures the new team member is well-prepared and allows the entrepreneur to gradually detach, ensuring the business can run smoothly without constant oversight. Navid's story is a powerful reminder of what entrepreneurship can achieve with the right mindset, discipline, time management, and willingness to delegate and trust others. His MDTA strategy and his practical advice on outsourcing and team training provide a roadmap for others to follow. Whether you're managing one business or several, his journey underscores the importance of smart work over hard work, empowering you to achieve more while working less. We talk about:

• 0:00 Intro
• 4:51 How he's implemented the 4-Day Work Week
• 12:00 Tips for delegation and letting someone else take control
• 14:45 How to handle when your team makes mistakes and not take it as a reflection of your work
• 16:10 How to bring in a new person to act on your behalf with clients when they're used to coming to you directly
• 19:04 The sweet spot for how long it takes to train someone before handing something over
• 22:40 Addressing the feeling of "it takes forever"
• 25:54 Do you hire for work ethic or a specific skill?
• 27:45 If you could give one piece of advice to a fellow entrepreneur, what would that advice be?

Resources

• Spotlight Theory: https://spotlighttheory.lisaanne.ca/

Connect with Navid

• Instagram - https://www.instagram.com/thenavidmoosa
• YouTube - https://www.youtube.com/@thenavidmoosa
• Website - https://www.navidmoosa.com
• Learn - https://newtorealestateinvesting.com/

Connect with me

• Lisa's Website - https://www.lisaanne.ca
• Agency Website - https://www.stockmedia.ca
• Instagram - https://www.instagram.com/LisaAnneCoaching
• Facebook - https://www.facebook.com/LisaAnneCoaching
• YouTube - http://www.YouTube.com/LisaAnneCoaching
• LinkedIn - www.linkedin.com/LisaAnneCoaching