Daniel Bessmert began his career as an executive at Citibank, PayPal, and Visa before starting his own companies. He has built and sold three companies and is currently scaling Greatweek.com, which simplifies work for business owners by combining banking, payments, and accounting.

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Guest Resource

GreatWeek.com – Do more of what you love and less of the boring stuff. Visit and sign up for a FREE account.

3 Value Bombs

1) Success is independent of waking up at 4 am, taking ice-cold baths, having fancy diplomas, or chasing other people’s money. These factors are optional for achieving success.

2) The key is navigating the options and selecting the most modern and suitable apps.

3) Direct your focus toward what brings you joy and passion.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Less Admin. More Hustle. Making Work Super Simple for Business Owners with Daniel Bessmert

Daniel shares something he believes about becoming successful that most people disagree with

He believes success does not depend on waking up at 4 am, taking ice-cold baths, having fancy diplomas, or chasing other people’s money. These factors are not necessary for achieving success.

[2:56] – Daniel talks about a system that helps entrepreneurs reduce the time spent on administrative tasks from over 30% to just 1%.

Admin is necessary for organizational success, but is not directly tied to generating revenue.
Admin tasks include managing salaries, contracts, invoices, and bookkeeping.
However, imagine if you could spend less time on admin, and instead focus on what you excel at
The tool, GreatWeek.com, consolidates essential business functions like banking, payments, accounting, and CRM into a single interface, allowing you to minimize admin work and maximize productivity.

[4:50] – Will AI, such as ChatGPT, be capable of handling bookkeeping tasks, considering the current popularity and advancements in AI?

AI is not a passing trend like NFTs or the Metaverse; it is a rapidly growing force in our daily lives and business operations.
AI is already being used for tasks such as bookkeeping, where plugins like chat GPT for Google Sheets can automate financial management and categorize expenses.
AI can also generate tax reports and even assist in organizing large volumes of invoices and receipts, saving businesses significant time and costs that would otherwise be spent on manual accounting work.

[6:36] – What is the core software a thriving business needs?

To effectively run a business, there are three essential apps that you must have:

A bank account is crucial; having multiple accounts can help mitigate risk.
An invoicing and payments tool like PayPal, Stripe, or Invoice Ninja.
Accounting software. Integrating a CRM system such as HubSpot, Zoho, or Salesforce is also beneficial.

The key is navigating the options and selecting the most modern and suitable apps.

[9:03] – A timeout to thank our sponsors!

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[11:15] – How can you overcome entrepreneurial burnout, considering that small business owners are experiencing higher burnout rates compared to employed staff?

Daniel started his ventures about eight years ago, and unfortunately, five years ago, one of his businesses failed, leading him to experience burnout and financial struggles.
Entrepreneurs must juggle multiple responsibilities such as marketing, sales, strategy, accounting, product design, and fundraising. Unlike employees, you do not have the security of a regular paycheck, which makes you more vulnerable to external challenges like COVID or economic downturns.
Unsurprisingly, business failure rates are high, with 20% failing in the first year and 50% failing within the first five years. This is the challenge he aims to address.

[12:56] – Do people often overlook the potential for burnout until it’s too late?

Burnout, whether in business or personal life, can generate anxiety when things do not go as planned, and you feel like you are losing control.

[15:10] – What is a super app, and when will you see the first super app for business owners?

Super apps are already emerging in the consumer market, with social media platforms like Facebook incorporating payment features.
Financial tools are also integrating social networking into their services.
However, regarding businesses, very few banks offer seamless integration with accounting software.
Core business apps need to become super apps, and our company is heading in that direction. We provide banking, payments, accounting, and CRM functionalities, focusing on core business needs, all in one app.
Super apps are already a reality, and with the advancements in AI, their development will accelerate.

[17:11] – Daniel’s key takeaway.

Direct your focus toward what brings you joy and passion. Find a reliable partner, such as GreatWeek or AI, to handle mundane tasks like managing expense receipts and chasing invoices on your behalf.
You can achieve great success and fulfillment in your business endeavors by prioritizing your happiness and doing what you love.

[18:10] – Daniel’s call to action.

GreatWeek.com – Do more of what you love and less of the boring stuff. Visit and sign up for a FREE account!

[21:42] – Thank you to our Sponsors!

HubSpot: HubSpot’s AI- powered tools are changing the way you create content and communicate with your customers! Find out more about how to use AI to grow your business at HubSpot.com/artificial-intelligence!
Factor: America’s #1 Ready-To-Eat Meal Kit delivered straight to your door! Head to FactorMeals.com/eofire50 and use the code eofire50 to get 50% off!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

Less Admin. More Hustle. Making Work Super Simple for Business Owners with Daniel Bessmert

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3 Value Bombs

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Show Notes

Killer Resources!

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