Dan Martell - April 17, 2017


How To Juggle Shifting Priorities Between Business & Family


Episode Stats


Length

7 minutes

Words per minute

206.9518

Word count

1,550

Sentence count

81


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

How do you juggle shifting priorities in your business and in your family? How do you manage to stay on top of the things you need to do in order to keep up with your family and business goals? In this episode, I share with you a framework to help you stay on track.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 The craziest thing I've ever backflipped off of
00:00:02.100 was probably this old ship on its side in Australia.
00:00:13.840 How do you juggle shifting priorities
00:00:16.880 in your business and in your family?
00:00:18.780 You know, to me, I see entrepreneurs all the time
00:00:21.660 struggling with things coming up at work,
00:00:24.400 major initiatives or, you know,
00:00:26.320 realizing that they weren't where they wanna be
00:00:29.060 and then try to come up with this new strategic initiative
00:00:32.820 and it just starts adding a lot of friction
00:00:35.140 in their business.
00:00:36.060 They've got their partner that starts to get resentful
00:00:38.700 or they feel like guilty for not being able
00:00:41.080 to make certain events and I really think
00:00:43.360 that these things can be avoided.
00:00:44.780 That's what I wanna share in this video
00:00:46.020 because if you do it right, you can actually not feel guilty
00:00:49.580 for wanting to grow your business.
00:00:51.500 You can make sure that you get the support
00:00:53.980 to not feel like you're letting people down
00:00:57.000 and you can make it a win-win
00:00:58.500 and that's what I want to share in this framework,
00:01:00.040 especially at the end.
00:01:00.880 I'm gonna share with you guys a tip you do not want to miss.
00:01:04.200 You know, it really, for me,
00:01:05.340 came from building my company sphere.
00:01:07.140 You know, I talk about balance and structure and family
00:01:09.880 and all this stuff today,
00:01:11.780 but that was not the way that I actually operated
00:01:14.800 when I was 24 to 28.
00:01:16.800 I built the company, it scaled 154% year over year.
00:01:21.060 We did millions in revenue and eventually got acquired
00:01:24.740 and it was, you know, obviously from a business point of view
00:01:27.720 was a huge success but personally it took a crazy toll
00:01:30.560 on my health, my relationships and I made a commitment
00:01:35.560 after that experience to just go on a journey
00:01:38.960 to discover a different way to build companies
00:01:41.200 because I didn't want to associate pain and disappointment
00:01:46.000 in building my companies.
00:01:47.000 I wanted to find a strategy that could make it
00:01:49.940 so that the process made it win-win.
00:01:52.780 So that's what I want to share with you.
00:01:54.420 You know, I get the call from the entrepreneur
00:01:56.520 that's struggling where their business is challenged
00:01:58.920 and then they try to make the right moves
00:02:00.620 and then it affects their personal life.
00:02:02.720 And what I wanna walk you guys through
00:02:03.960 is a framework to think about.
00:02:05.200 Number one is you gotta negotiate and collaborate.
00:02:08.100 Do you know how many times, you know,
00:02:09.640 I'm talking to an entrepreneur and they're like,
00:02:11.540 you know, my partner's pissed off at me.
00:02:13.440 And I'm like, well, okay, I understand
00:02:15.880 that you're working a lot, but before you made that decision,
00:02:18.680 did you ever sit down with, you know, the love of your life
00:02:23.020 and say, you know what, here's where I'm at,
00:02:25.480 here's what I think I'm gonna need to do
00:02:27.520 over the next three, four months
00:02:29.420 to get out of this position,
00:02:31.820 and it's gonna need X, Y, and Z.
00:02:34.280 I'd love for you to give me some feedback.
00:02:36.120 I'd love for us to discuss and have,
00:02:39.560 negotiate or collaborate around how that could work out.
00:02:42.360 Have you ever done that?
00:02:43.540 And they're like, no.
00:02:44.560 I was like, so what you do is this.
00:02:46.100 You essentially say, I need to go do this.
00:02:48.300 You don't ask for if it's cool.
00:02:50.480 You're gonna impact their life,
00:02:52.240 and then you go off and you do it.
00:02:53.540 And then you get frustrated or pissed off
00:02:55.220 that they're upset with you for not checking with them.
00:02:59.200 Do you see how crazy that is?
00:03:00.960 So number one, I wanna encourage you
00:03:02.920 that no matter what you got going on in your life,
00:03:04.660 it's just outside of the norm
00:03:06.800 that you sit down, negotiate,
00:03:08.660 and collaborate with the people in your lives, right?
00:03:11.360 It's just so much easier to say,
00:03:13.540 this is what's going on, it's really challenging for me,
00:03:15.600 here's what I think I'm gonna do, let's talk.
00:03:17.900 So that's number one.
00:03:18.940 Number two is don't sacrifice the foundation.
00:03:22.340 Here's what I mean by the foundation.
00:03:23.740 In life, I believe, okay, that there are three critical areas
00:03:28.380 that you need to understand, right?
00:03:30.280 One is business fundamentals.
00:03:31.720 What are the things you do in your business
00:03:33.880 that you know if you continue to do on a daily, weekly,
00:03:36.420 monthly, quarterly basis that will support the growth,
00:03:39.760 will support the sanity?
00:03:41.620 That's the business fundamentals.
00:03:42.760 Number two is success habits.
00:03:44.460 What do you do in your life from the routines,
00:03:46.460 the rituals that you've implemented on a daily,
00:03:49.060 weekly, monthly basis that you know that if you do,
00:03:51.800 from working out, to eating healthy, to reading,
00:03:54.040 to going to events, to spending time with your friends,
00:03:56.100 whatever those things are,
00:03:57.780 put those in the success habits category,
00:04:00.940 that you don't want to stop doing, okay?
00:04:03.880 And then the third is responsibility to others.
00:04:06.420 Back to point one, it's what are the responsibilities
00:04:09.520 and commitments I've made to other people?
00:04:11.220 Because here's the way I look at it,
00:04:13.060 is those are three things that are part of my foundation,
00:04:16.520 and now when new opportunities come into my life,
00:04:18.820 or there's challenges that come up,
00:04:20.600 I gotta assess those and say, okay,
00:04:23.180 what am I willing to give up?
00:04:24.260 I'm not saying you don't sacrifice.
00:04:27.900 I'm just saying, within limits, strategically think about it
00:04:31.380 and say, okay, maybe instead of going to the gym
00:04:33.220 four times a week, I'm going two.
00:04:34.480 I'm going Tuesdays and Thursdays.
00:04:36.040 Maybe instead of missing all of these
00:04:38.080 and just clearing my schedule and say, you know what?
00:04:39.980 Honey, I'm sorry, but I gotta be at the office at 6 a.m.
00:04:42.200 and I'm gonna work till 10 p.m. every night
00:04:44.040 so you no longer see your kids grow up.
00:04:46.140 And I'm gonna do that Saturday and Sunday.
00:04:47.600 I've had entrepreneurs share that with me.
00:04:49.560 That's their strategy.
00:04:51.020 That's crazy, right?
00:04:53.380 And I'm gonna share with you why at the end,
00:04:54.880 so you don't wanna miss that.
00:04:56.260 But not sacrificing your foundation is key.
00:04:59.540 Number three is really making sure that they,
00:05:02.500 that you understand that they don't want this,
00:05:05.600 and they being your family.
00:05:07.300 You know, I find it so funny that entrepreneurs,
00:05:11.320 you know, when I ask them, why are you doing this?
00:05:13.140 They say, well, I'm doing it for my kids.
00:05:14.720 I'm doing it for my wife or my husband.
00:05:17.800 I'm doing this for my community.
00:05:19.180 I'm doing this for all these things.
00:05:20.420 And the crazy part is those people
00:05:23.420 don't want to see you suffer.
00:05:25.280 They don't want to see you go through the pain,
00:05:28.500 through the ups and the downs.
00:05:30.120 They don't want this.
00:05:31.560 You think they want to live a certain lifestyle
00:05:33.920 that they were really cool not having.
00:05:35.960 Most kids want your time.
00:05:38.700 They want your affection.
00:05:39.960 They want to spend time doing things, not getting things.
00:05:45.040 And I think that's what you need to put in perspective
00:05:47.740 is they don't want this, whatever this is,
00:05:50.500 and they being your family or your loved ones.
00:05:52.680 So understanding that when you're trying to juggle
00:05:55.480 and shifting priorities between business and family
00:05:58.780 is at the end of the day, they didn't ask you
00:06:00.560 to double your business this year.
00:06:01.960 They didn't ask you to take on that new initiative.
00:06:03.920 They didn't ask you to go buy that company.
00:06:06.420 You brought that on yourself,
00:06:07.520 and you need to put that in perspective
00:06:09.360 because I think that if you step back and you say,
00:06:11.460 what kind of life do I wanna live,
00:06:12.760 going back to point two, which is the foundation,
00:06:16.260 I think you would come up with a different answer.
00:06:18.500 Now, all this is great, but the number one challenge
00:06:21.200 that I get that I wanna help solve for you guys
00:06:23.800 is how do I make all this happen?
00:06:25.500 It's easy, you pull out a calendar.
00:06:27.780 I call it the perfect day and the perfect week.
00:06:29.840 You take the things that you need to do
00:06:31.940 and you put it in your calendar.
00:06:33.340 And you don't just clearly dismiss
00:06:35.320 as everything that you've already made.
00:06:36.980 You know, the success habits, the business fundamentals,
00:06:39.660 the responsibility to others.
00:06:41.680 And you look at your calendar and you sit down
00:06:43.380 with the people in your life and you negotiate with that.
00:06:45.860 That's what I want to see great entrepreneurs do.
00:06:48.500 So I'm gonna ask you to leave a comment below.
00:06:50.760 What have you been guilty of?
00:06:52.660 Or better yet, maybe you don't wanna share the guilty part.
00:06:55.100 Maybe, what are you gonna do better going into the future?
00:06:57.480 Maybe it's gonna be negotiate or ask or collaborate
00:07:00.100 or invite the conversation that happened with your partner,
00:07:03.620 right, when you're taking on big things.
00:07:05.120 Maybe it's scheduling things in your calendar.
00:07:07.840 Whatever it is, I wanna hear from you below in the comments.
00:07:10.080 Let me know that.
00:07:11.060 As per usual, I wanna invite you to live a bigger life
00:07:13.760 and a bigger business, and I'll see you next week.
00:07:15.860 If you like this video, be sure to subscribe to my channel.
00:07:18.300 I'd also invite you to join my newsletter
00:07:20.600 where I share exclusive invites to events
00:07:22.600 and other free training videos.
00:07:24.040 And if you're ready to get going,
00:07:25.040 I got two playlists queued up with more content.
00:07:28.000 I'll see you next Monday.