Richard C. Wilson's Time Hacks for Investment Companies
Richard C. Wilson addresses a live audience about time management for investment companies and family offices.
Richard C. Wilson presents 20 time hacks for running an investment company or family office faster and getting more done each day. He draws on his own routines, business practices and examples from people whose advice or work he discusses. The talk addresses how an owner can direct attention, make room for higher value work and keep a business moving as responsibilities grow.
In this video: Richard C. Wilson (Speaker)
What they said
- Richard on his daily operating guide. Richard says his one-page guide holds his monthly, quarterly and annual goals plus 40 operating statements. He reads it each morning to recognize priorities and decline requests sooner. (at 0:33)
- Richard on buying back time through delegation. Richard recommends paying to save time when the time gained is worth more than the extra cost. He also says to delegate tasks to people who do them better, even if their first results fall short of his own standard. (at 1:58)
- Richard on executive support. Richard says his assistant helps him stay on top of his inbox. He recommends strong executive support for work such as bill follow-up, regulatory paperwork and investor administration. (at 4:14)
- Richard on moving from operator to owner. Richard says Tony Robbins told him he worked harder running a company with annual revenue of $10 million than he does now, with 110 companies doing $7 billion in revenue. Richard uses that account to describe the shift from operating a business to owning one. (at 6:33)
In their words
"You want to do stuff faster when you're working on something exciting."
"And some of the most valuable phone calls I have are 7 to 12 minutes long."
Why it matters if you are building or preserving great wealth
Richard says a pitch should arrive in writing, with a one pager and an agenda, before a call. That gives an investment company a way to reserve live time for the decision itself instead of spending it gathering basic information.
From Richard's exclusive Billionaires.com interviews
Lessons from Richard C. Wilson's one-on-one interviews, as published on each interview page.
- Anu Aga: Focus on one main cause. Her family found its giving more satisfying and impactful once it chose primary education for the underprivileged in India.
- Binod K. Chaudhary: Never chase a deal out of desperation. Stay cool and look at every part of the deal. Have your advisers and your finance team review it critically. Your counsel should review it too.
- Larry Connor: Learn from every mistake. Larry's team owns its failures and makes no excuses. They learn, change quickly, and keep getting better.
See the data
Frequently asked questions
What kinds of work does Richard say his team hires through Upwork?
He says the team has spent almost a million dollars on Upwork and hired over a hundred professionals, including programmers, virtual assistants and niche experts in financial modeling.
How does Richard check work from people hired through Upwork?
He says his team reviews the first couple hours or half day of work, then checks in every couple days. Someone also checks in with workers a couple days a week.
Sources
Quotes are copied from the video captions and checked against the transcript. Timestamps link to the moment in the video. General information only, not legal, tax or investment advice.