8 Simple Rules of Business I wish I knew in my 20s and 30s
The Martell Method w/ Dan Martell
Dan Martell
4.9 • 626 Ratings
🗓️ 8 February 2025
⏱️ 15 minutes
🧾️ Download transcript
Summary
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10 years ago I came across this one simple truth.
It revolutionized my entrepreneurial journey:
Your business can't outgrow you.
And in this episode, I break down the 4 crucial levels every business owner must master - from your first $100K to scaling to $100M.
It’s actually easier than you think. I share the 8 game-changing rules that will help you avoid 10 years of business makes.
Transcript
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| 0:00.0 | 15 years ago, I came across an idea, an idea that could have saved me 15 years of business |
| 0:05.4 | mistakes. And it's that a business will never grow past the growth of the CEO. And if you don't |
| 0:10.0 | evolve and grow past these four levels of business, you will be the one holding it back. Level one |
| 0:14.6 | is your first $100,000 is made from skills, getting crazy good at what you do. Level two, your first |
| 0:20.8 | million dollars is made from hiring, building an good at what you do. Level two, your first million dollars is made |
| 0:21.7 | from hiring, building an awesome team around you. Level three, your first 10 million is from systems, |
| 0:27.8 | refining your process and operations. Level four, your first hundred million is from building your |
| 0:32.5 | people and coaching your leaders. And I made mistakes at every one of these levels. But today, |
| 0:37.4 | I'm going to |
| 0:37.8 | share with you the eight simple business rules that got me to that $100 million level without |
| 0:42.2 | working 100 hour weeks and hating my life. Welcome to the Martel method. I went from rehab at 17 to |
| 0:48.3 | building a $100 million empire and being a Wall Street Journal bestselling author. In this podcast, |
| 0:53.6 | I'll show you exactly how to build a |
| 0:55.4 | life and business you don't grow to hate. My bestselling book, Buy Back Your Time, is out now. |
| 1:01.0 | Grab a copy at buybackyourtime.com or at any of your preferred online retailers. |
| 1:06.5 | Starting at the 100K level with rule number one, model, then modify. A lot of first time entrepreneurs make this huge mistake. They decide to get into business and create a product that's never existed before. And they try to make everything up as they go. They think, if I do it this way, it'll be innovative. The problem is, if you don't understand why certain things are done a certain way, then you're |
| 1:27.6 | going to fail. It's like learning to play a guitar. You don't start by writing songs. You start by playing |
| 1:32.2 | other people's music to understand how the notes work with each other. If you don't find a blueprint |
| 1:37.2 | that's worked before to give you that foundation, then adding innovation on a sloppy foundation |
| 1:42.3 | will only fail. So here's what you got to do. Find the people |
| 1:45.4 | who have what you want and do what they did. One of the biggest mistakes people make is thinking they |
| 1:50.7 | have to be unique to win. Even today, at 100 million in revenue per year, I still call people |
... |
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