How to Run a $10M+ Business in 45 mins per Week
The Martell Method w/ Dan Martell
Dan Martell
4.9 • 626 Ratings
🗓️ 8 October 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
>> Message me "SCORECARD" on Instagram to get access to the CEO Scorecard: https://www.instagram.com/danmartell/
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Are you stuck putting out fires, juggling all the responsibilities, and still feeling like your business isn’t moving forward?
That used to be me - working 60+ hours a week, doing all the things… yet getting nowhere.
I was burned out and overwhelmed until I cracked the code on how to scale without getting stuck in the grind.
In this video, I’ll show you how I went from running on empty to running a $10M business in just 45 minutes a week.
What you’ll learn:
- The ‘CEO Scorecard’ that gets instant clarity on your team’s performance
- The #1 meeting structure that ensures your team aligns every week
- Why you’re probably wasting time in your meetings (and how to fix it)
- The secret to creating metrics that make your team want to self-correct
- A 4-part leadership framework that builds leaders without micromanaging
- The most important lesson I learned from Reed Hastings, CEO of Netflix about managing teams
IG: @danmartell
X: @danmartell
Transcript
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| 0:00.0 | You're spending over 60 hours a week juggling all the responsibilities in your business and you still feel like nothing's getting done. |
| 0:06.2 | I know how you feel because I used to be there too. I went from being overwhelmed, distracted, burnt out to running a 10 million a year business in just 45 minutes per week using a single scorecard. |
| 0:16.7 | And I'm going to share with you the easy step by step process I took to remove myself from the day-day of the business and how you can do it too. So whether you're just starting your business or already making millions, this scorecard is going to show you how to run your business on autopilot. If you want to copy yourself, just follow me on Instagram and send me a message scorecard and I'll send you the direct link. I'm Dan Martel, Twelz and Martel on Instagram. |
| 0:38.2 | Welcome to the Martel method. I went from rehab at 17 to building a hundred million dollar |
| 0:42.8 | empire and being a Wall Street Journal bestselling author. In this podcast, I'll show you exactly |
| 0:48.1 | how to build a life and business you don't grow to hate. My bestselling book, Buy Back Your |
| 0:52.7 | Time is out now. Grab a copy at buybackyourtime.com or at any of your preferred online retailers. |
| 1:01.0 | Before you freak out and get overwhelmed, here are some simple rules you need to follow. |
| 1:05.0 | Number one, every number in the scorecard has a name or a DRI, direct responsible individual. I got this from Steve Jobs at Apple. Many other companies do this. If you have a number, somebody needs to own it because I believe sunlight sanitizes all. If you have an issue in your business, it's probably because nobody owns the number. And every goal has a color. Is it red? Not on track? Is it yellow? Kind of off track. Is it green? |
| 1:28.9 | Everything's good to go. See, what I've learned is something as simple as a traffic light system |
| 1:33.0 | keeps people focused on the right things. People literally self-adjust if you just put a box red |
| 1:38.0 | that their names associated to. Number three, every row has a trend line. What does this look like? |
| 1:42.6 | Think about left to right. What's a positive |
| 1:44.8 | trend line? The graph goes from little bit to a lot. So everything can actually be measured on a weekly |
| 1:50.4 | basis, some kind of net new count that somebody's responsible for. Here's the way to think about it. |
| 1:55.9 | spreadsheet whispers graphs shout. If you want somebody to self-correct and have everybody on the team know how well they're doing, design a graph that goes down if they're not doing good and everybody's going to ask them why. I remember one time I was working with my media team and they were telling me about all their great projects they were working on and yet the revenue team is waking up every day and absolutely crush it and hustling and they have this graph that everybody looks at in the office that goes up |
| 2:17.6 | into the right and I just asked the team from a media point of view what's your graph what's your |
| 2:22.0 | up into the right what are you measuring to tell you that on a daily basis you're making progress |
| 2:27.3 | because they didn't have one it was hard to figure out what was important once we designed it |
| 2:31.4 | then they self-corrected then Then they prioritized the projects based on what |
| 2:35.2 | was going to make that graph go up and to the right. Easy peasy, but needed somebody to do it. Number four, every week has a reporting meeting, meaning that when you sit down, everybody has to self-report. I'll get into this in a second. So think about it this way. When a plane leaves New York City, it's heading to LA. Did you know the whole time the pilots flying, they're off track, they're off course? |
| 2:54.0 | What happens is they've got the dashboard in front of them that's telling them how to respond and readjust. See, most businesses are off target on a daily basis, but if they know they're off target, they can make an adjustment. And that's why it's important to measure on a weekly cadence. And if not daily, right? The more frequently you measure, the less likely you'll get off track. All of these ideas can be summarized into one simple message. We manage what we measure, so you have to make sure that you measure what matters. You probably don't want to know how bad it is. That's why people don't measure. They don't want to know that their bank account is overdraft. They don't want to know that their lead generation isn't working, that they haven't made enough sales to make their bills because then it gets them down. It's kind of crazy because like the feeling associated to knowing is the reason why they don't know, which causes them to fail even harder. If you want to absolutely win in business, |
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