Million-Dollar Secret: How to Scale Your Business Without Burning Out | Dan Martell EP 715

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 893 Ratings

🗓️ 23 August 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

"I resolve to be the talent, and by design, in my company where I am the talent, that is my role." -Dan Martell Dan Martell, the tech entrepreneur and business coach, reveals his game-changing approach to scaling businesses without sacrificing personal well-being. In this eye-opening episode, Martell shares his revolutionary "10-80-10 Rule," a strategy that has propelled him to success while maintaining work-life balance. He candidly discusses the pivotal moment when he realized the importance of focusing solely on his strengths as the "talent" in his company, delegating the rest to a capable team. Martell's journey from a struggling entrepreneur to a thriving business leader is filled with valuable lessons on time management, team building, and the art of strategic delegation. Diving deeper into his methodology, Martell unveils his "Test First Hiring Method," a three-step process that has transformed the way he builds high-performing teams. From innovative video applications to cognitive assessments and simulated test projects, he provides actionable advice for entrepreneurs looking to assemble dream teams. Martell's insights on leadership development, the power of documentation, and his "teach, not tell" philosophy offer a fresh perspective on nurturing talent and fostering a culture of growth within organizations. Listen to the full episode to discover how you can implement these transformative strategies in your own business and life, potentially unlocking your path to sustainable success and personal fulfillment.

Transcript

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0:00.0	My name is Louis House. Thanks so much for being here. I want to remind you about the
0:03.9	Summit of Greatness, our annual conference happening this September in Los Angeles.
0:08.8	With David Goggins, Dr. Jodispenza, and many more incredible speakers and performers.
0:14.0	There will be so many live attendees there that you can meet with, you can network with, and you can help transform your life.
0:21.0	I can't wait to see you at the Summit of Greatness here in Los Angeles.
0:27.0	Hi my name is Lewis House and welcome to the Daily Motivation Show.
0:38.7	So I have this framework I teach in the book
0:40.4	called the 1080-10 rule.
0:42.4	The 10-10 rule I saw Steve Jobs do this, Gary V do this, and honestly most
0:46.5	massive creators at scale, Jimmy Donaldson, Mr Beast talks about this, is they'll be
0:52.4	involved in the first 10%, the
0:54.2	ideation, the creative, and then they'll hand it off to a team to execute and
0:58.9	then at the very end they'll come back for the integration. So what I do and what a lot of people do
1:04.5	is I resolve to be the talent.
1:06.8	And by design, in my company where I am the talent,
1:10.6	that is my role.
1:11.8	I have a general manager that runs that company. So I don't do one-on-ones. I don't do strategic planning. I don't manage finance. I don't mean. You know what I mean? With the whole team. You're just talent. I am literally talent. When I wake up the team says I need this for me this for me this for you
1:26.5	I negotiate and and then I try to figure out like do you really need me to do that part?
1:31.3	Negotiate your time. A hundred percent and then also like hey we've got revenue can you spend some invest some to go get 80% of this project done that I'm not going to do. So for example a lot of the
1:44.9	creative projects we have like writers that help us with it that come with the
1:49.1	ideation that go research all the videos I might have done and they present the solutions.
1:53.7	So it's really about just looking at your calendar and saying, okay I want to be the
	...

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