I Spent 10 Years Building Businesses (THIS is what really matters)

Summary

This video script offers a decade of business wisdom from a successful entrepreneur. Key takeaways include the importance of planning, effective time management, and the significance of preparation over expectations. The speaker emphasizes the need for leaders to exhibit certainty and clarity in their vision to build trust and commitment among their teams. Additionally, they discuss the impact of decision-making on business growth, advocating for decisiveness over indecision. The script also touches on the necessity of addressing small issues before they escalate and the value of becoming a better leader by becoming a great teacher.

Takeaways

• 📅 Prioritize planning: Top CEOs prepare before the week to avoid falling behind.
• ⏱️ Time management is crucial: Use a calendar to manage time effectively for business growth.
• 🚀 Proactive, not reactive: Successful people plan their days to ensure they make the most out of their time.
• 📈 Value your time: Understand the worth of your time and how it directly correlates with your business success.
• 🔥 Consistent execution: Monday is for execution, not planning. Plan ahead to avoid being reactive.
• 📈 Preparation over expectation: You rise to the level of your preparation, not just your expectations.
• 💡 Show certainty: Leaders who lack certainty can cause a lack of commitment among followers.
• 🔭 Clear vision: Leaders need to show up with a clear vision to instill certainty and clarity in their teams.
• 🛠️ Make decisions: Avoid analysis paralysis. Making decisions, even hard ones, is crucial for business growth.
• 🔄 Adaptability: Show up with certainty without having to control everything; adapt to what the world presents.

Q & A

What is the key takeaway from the video about achieving success in business?

The key takeaway is that successful business leaders prioritize planning, manage their time effectively, and prepare in advance to stay ahead. They also understand the importance of certainty in their vision and the value of being a great teacher to their team.

How does the speaker suggest one should prepare for the workweek?

The speaker suggests preparing before the week starts, as top CEOs do, to avoid falling behind. Planning how every moment of every day will be spent is crucial to making the most out of one's time.

What does the speaker mean by 'if you haven't mastered using a calendar'?

The speaker implies that successful individuals have excellent time management skills, which often involve using a calendar to organize and plan their activities. Mastering the use of a calendar is a metaphor for mastering one's schedule and time.

Can you explain the concept of a 'Time study' as mentioned in the script?

A 'Time study' is a method of documenting how an individual spends every hour of their day to analyze and optimize their time management. It helps identify areas of inefficiency and ensures that time is allocated to planning and strategic activities.

Why is it important to plan the week on a Sunday according to the speaker?

Planning the week on a Sunday is important because it creates a buffer time that allows for pulling future tasks into the present, which helps to get ahead and stay out of reactive mode. It also ensures that Monday, which is a day for execution, is not wasted on planning.

What is the significance of preparation in achieving success according to the video?

Preparation is significant because it sets the stage for success. The speaker emphasizes that people rise to the level of their preparation, not just their expectations, indicating that thorough preparation is essential for achieving goals.

How does the speaker define a good leader?

A good leader, according to the speaker, is someone who shows up with certainty about their vision, creates clarity, and instills confidence in their team. They also avoid being overly stubborn or insecure in their decision-making.

What is the consequence of a leader lacking certainty, as discussed in the script?

When a leader lacks certainty, it results in followers who lack commitment. This can create a ripple effect of uncertainty within the team and other teams, leading to a lack of reliability and progress.

Why is making decisions critical to business growth, as per the video?

Making decisions is critical to business growth because it creates clarity and direction. The speaker points out that businesses don't grow by accident but by intentionally seeking out and tackling hard decisions.

What does the speaker mean by 'every unmade decision is an attention suck'?

The speaker means that unresolved decisions consume mental energy and attention, which could be better used elsewhere. Addressing decisions promptly frees up cognitive resources for more productive tasks.

How does the speaker suggest handling the fear of making the wrong decision?

The speaker suggests focusing on how to handle mistakes rather than trying to avoid them. Successful people respond differently to wrong decisions, using them as learning opportunities rather than sources of fear.