The ONLY Skill You Need to Build a $10M Business Empire
The Martell Method w/ Dan Martell
Dan Martell
4.9 • 628 Ratings
🗓️ 20 September 2024
⏱️ 39 minutes
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Summary
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How do you scale a business without burnout, overwhelm, or wanting to quit?
I’ve been there.
As entrepreneurs, we get caught in the grind, saying yes to everything, and suddenly we’re stuck doing the work we hate.
That’s where most entrepreneurs go wrong.
At John Maxwell’s recent IMC event, I shared my journey from rock bottom to building 8-figure companies I actually love running.
I break down the strategies nobody teaches you about scaling without the stress - so you can reclaim your time and your life.
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Transcript
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| 0:00.0 | I'm going to unpack how I built my businesses from zero revenue to over 10 million. |
| 0:04.6 | I'm going to give you a success ladder. |
| 0:05.8 | The buyback principle, this is the formula. |
| 0:07.9 | This will transform your life. |
| 0:10.3 | Welcome to the Martel method. |
| 0:11.9 | I went from rehab at 17 to building a $100 million empire and being a Wall Street Journal bestselling author. |
| 0:18.3 | In this podcast, I'll show you exactly how to build a life and |
| 0:21.5 | business you don't grow to hate. And make sure you don't miss anything by subscribing to my |
| 0:25.5 | newsletter at martel method.com. First thing I've learned a long time ago about building businesses, |
| 0:32.4 | when you start over time, if you're growing, you will experience a thing called the pain line. |
| 0:38.9 | Some of you guys have experienced that sometimes at 300,000 in revenue, sometimes at 600, |
| 0:43.7 | it's all different levels, sometimes at 80,000 in revenue. |
| 0:46.5 | And what most entrepreneurs do at this moment is they do one of three things. |
| 0:50.7 | I call them the three Ss. |
| 0:51.9 | The three what? |
| 0:53.5 | Three S is the first S |
| 0:54.9 | is stall. I have my buddy Matt come to me and he goes, hey Dan, I watch your stuff. I love your growth minded stuff, all that, but is it okay if I just don't want to grow? Can I just have a business and just be in business? I said Matt, you could, but let me tell you what's going to happen. First off, do you think your customers are going to want less from you or more from you? |
| 1:14.1 | More. What do they want? Everybody, what do they want? More? They want more from you. The world is growing. Yes or yes? Yes. The world is growing. GDP growth is going to happen whether you want it or not. And I said the third thing is your top people. You have a staff right now? He's like, yeah, I got about a dozen people. I said your top people have a vision for their life. And if you can't paint a future big enough for their dreams and goals to fit inside of, they're going to leave. I said, so whether you like it or not, you have to have a vision for your life. |
| 1:44.4 | So think about that. |
| 1:45.5 | If you got nothing for my presentation other than the idea that if you want to build a team, |
| 1:50.3 | you have to have a vision big enough for their dreams and goals to fit inside of. |
| 1:53.4 | If not, they will find somebody that will do that for them. |
... |
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