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The Martell Method w/ Dan Martell

4 CEO Skills to Get to $10 Million a Year

The Martell Method w/ Dan Martell

Dan Martell

Entrepreneurship, Business

4.9628 Ratings

🗓️ 21 December 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

▸▸ Get My New Book (Buy Back Your Time): https://bit.ly/3pCTG78

When it comes to scaling a business, most entrepreneurs are playing checkers, expecting to win at chess.

The strategy that propels you from zero to $300K?

Child's play for hitting $3M.

And if you're eyeing beyond that, it's a whole new game.

Here’s why:

Each stage of growth has its unique challenges and requires specific skills to conquer.

I've seen talented CEOs struggle to transition from hands-on problem solvers to strategic leaders…

And others get stuck in operational quicksand, unable to scale.

Myself included.

But after scaling and exiting 3 companies, investing in dozens of startups, and coaching over 2000+ founders to build multi-million dollar companies…

I figured out the right skills needed at each stage of business growth.

So in today’s episode, I’m going to break down the 4 key CEO skills you need to build a $10M a year business.

Instagram: @danmartell

Twitter: @danmartell

Transcript

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0:00.0

Welcome to the Growth Stacking Podcast. This is Dan Martell.

0:08.0

These are the four CEO skills that you need to get to 10 million a year. Number one is value. And this is how we grow. This is at the base of every great company. 0 to 300K is about finding a huge pain in the market and collecting resources to solve it.

0:25.6

I first learned this strategy reading the book The Four Steps to the Epiphany by an incredible entrepreneur named Steve Blank.

0:31.6

In that book, he goes over the four steps that you use to pre-sell your product before you even build it. And I know that sounds crazy. I actually used these four steps that you use to pre-sell your product

0:37.6

before you even build it.

0:39.0

And I know that sounds crazy.

0:40.2

I actually used these four steps recently

0:42.4

in launching my new AI product before we even went to market.

0:45.5

Whether it's a consulting company, a service company,

0:48.1

honestly a coaching company, whatever it is,

0:50.3

make an offer.

0:51.6

But see, most people mess it up because they're just

0:53.2

trying to do a sale.

0:54.2

What they don't get is how to validate their idea with the market. So here's how we do it right.

0:59.5

The first thing we have to get right is discovery. Okay. And discovery is all about talking to the market.

1:09.5

We want to talk to real people. We want to get outside of our

1:13.3

office, not hide behind our keyboard, and pick up the phone or go into the world and talk

1:19.4

to people that have the problem that we think we can solve. We want to ask them questions

1:24.6

about the challenges they face around the solution that we want to offer.

1:29.2

We want to figure out how they make decisions about solving these problems. We want to understand

1:32.4

do we have a painkiller or do we have a vitamin? Is this something that's meaningful for them to

1:38.8

want to solve? Because if not, you can spend all your time in your office behind your keyboard,

...

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