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The Martell Method w/ Dan Martell

How CEOs run their families (better than 99% of people)

The Martell Method w/ Dan Martell

Dan Martell

Entrepreneurship, Business

4.9628 Ratings

🗓️ 21 November 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

When my wife and I decided to start our family,

our lives went from being carefree cuddle bugs…

To starting two new companies…

Moving house twice in a two-year period…

And getting pregnant with our first child…

Only to find three months after giving birth, we were pregnant with the second one.

So to say that our life was hectic, would be an understatement.

It was a whirlwind.

But here’s the one thing we realized during this chaotic time:

The need for synchronization and communication within our family.

Without it, we found ourselves feeling disconnected and overwhelmed.

So we came together and decided to run our family how like a business.

Here’s how it worked out for us.

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

Transcript

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0:00.0

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

0:07.9

As a CEO and business owner, you should be running your family better than 99% of normal people out there.

0:14.3

There's three things you're doing in your business that if you applied it to your family,

0:17.5

would turn it from frustration and disappointment to one of motivation and truly

0:21.4

feeling supported and in the end would help you in your business even more. When my wife and I

0:25.9

decided to have kids, we essentially went from just being two in love cuddlebugs to getting

0:32.1

pregnant with our first child, starting two new companies. Three months after giving birth,

0:36.6

we found out we were pregnant on the second one.

0:38.3

We decided to move twice in a two-year period. To say that our life was hectic would be an

0:44.4

understatement. One of the big things that we had to come to a realization around is that we needed to

0:49.0

synchronize. We needed to talk. So now every week we get together. We have a very structured

0:53.4

meeting that I want to share with you that allows us to feel in sync. Here's how it works. So I'm going to break this

0:58.7

into two parts. The first part is who you should be meeting with every week. And the second part

1:03.9

is what's the agenda, the five core areas that I use in my mind when I'm talking to make sure I

1:09.9

cover all points. So the who is, first off, your partner in life. Second, if you have kids, you should probably meet with your kids. My other favorite area is brothers or sisters. And then also your family members and your parents and your friends. Think about the folks that matter a lot to you and make sure that you have a minimum of 15 minute conversation or even better, maybe an hour

1:27.9

meeting like I do with my wife. Now, here are the five agenda items we go over every time we meet.

1:32.7

Number one is we talk about our wins. I want to know where she's winning at. I want to share my

1:37.9

wins. I want to set the tone of this meeting. So three wins is the first place we start. The second is

1:42.3

we rate our role. See, I think most relationships end up not working out because at some point there is a fracture. Over time, that fracture gets bigger and bigger and bigger and by the time they realize there is wide as the Grand Canyon standing on the edges of the cliff, wondering what the other person is thinking and doing. So if every week I ask my wife,

2:01.0

how am I doing for you as a husband? Rate me as a husband. It's out of 10, maybe I'll get a four or five. Maybe I just did something that really upset her. I've gotta be on the receiving end of that feedback. I listen, I hear, I ask, could you provide any more information? Could you explain that? But the cool part is the only response that's appropriate is thank you. That's it. And then she asked me that same question. It's something we look forward to because we have an opportunity to express ourselves in a way that doesn't feel like we're attacking each other and we're genuinely curious on how we can become better for the other person. Number three is calendar review. We'll always review the next six weeks of our lives. What's going on for my wife? What's going on for me? Trips, travel, workshops, events, client meetings, people flying in to meet with us, just as an opportunity for us to review and see if there's things we can do to make that experience better. The most important thing to figure out in that part of our meeting is what's going on on the weekend. If we're in a rush, we always do at least the weekend, then at least two weeks, but preferably six weeks out. So we're never feeling like we're responding to information that we weren't aware of. Too busy people. Things can get a little crazy. We need to synchronize and make that happen. Number four is our scorecard. First off, we measure our financials. I'm a big fan of teaching my wife how I manage all the investments. I want to make sure that she's always in the loop with what we're doing and she never feels like she doesn't know where anything's going on. The other area is our core values. So as a family, we have core values and we use those to guide us. So we always measure ourselves on a weekly basis,

3:24.5

how we showing up in society, how are we communicating that with our kids? We score ourselves.

3:28.3

And then finally, we look at the core goals that we've set for ourselves each quarter. So

...

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