Dan Martell - December 20, 2023


The $50 to fix it rule


Episode Stats

Length

35 seconds

Words per Minute

203.04568

Word Count

120

Sentence Count

10


Summary

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

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 It's called 50 to fix it.
00:00:01.380 Frontline workers, I give them a $50 budget to fix any problem they see.
00:00:05.200 And all they have to do is tell me about it after.
00:00:07.200 Managers, it's $500.
00:00:08.960 Directors, it's $5,000.
00:00:11.180 And for my executive leadership team, my CEOs, my CRO, my CEOs, it's $50,000.
00:00:15.580 What did I just do?
00:00:16.380 I just created a framework to push decisions and issue problem solving down to the front line so we can move faster.
00:00:22.620 Let your people solve the problem and then coach them up.
00:00:26.080 When you shift your lens on your role in the company as a people builder, it will unlock massive growth.
00:00:32.740 We build the people, the people build the business.