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 .

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.