Dan Martell - May 06, 2023


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Episode Stats


Length

51 seconds

Words per minute

249.42264

Word count

216

Sentence count

16


Summary

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

In this episode, I talk about the value of being a bookkeeper and how it can be leveraged to become a CFO, CFO and CFO in general. If you're making $200,000 a year, you've created $2.5 million worth of value for the company. If you make $500,000, you have created $5 million in 12 months. I'll give you 10% of that all day long.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 If you're making $200,000 a year, you've created $2 million worth of value for the company.
00:00:05.060 I remember one time I had somebody in our finance team and I was doing this exercise and I asked them,
00:00:10.020 in five years, you're waking up. What's your personal and your professional life look like?
00:00:13.620 And they explained. I said, well, what do you want to be making? They were like $250,000 a year.
00:00:17.100 This was a bookkeeper. I was like, awesome. That's ambitious.
00:00:21.080 So here's the thing. If you're making $250,000, that means that you've created $2.5 million of value to the company.
00:00:27.480 Unfortunately, as you can probably see,
00:00:29.160 because you look at our books,
00:00:30.180 bookkeeping is not going to get you there.
00:00:32.380 So then what do you think the role is going to be
00:00:34.520 where you can create that kind of value for the company
00:00:36.680 so that you can be compensated?
00:00:37.860 You want to make a half million?
00:00:38.980 Cool.
00:00:39.400 How did you make five million?
00:00:40.640 Because if you made me five million in 12 months period,
00:00:42.480 I'll give you half a million, no problem.
00:00:43.760 I'll do that deal with anybody on the street.
00:00:45.360 It's like, go show me how you individually created
00:00:48.220 net new $5 million.
00:00:49.780 I will give you 10% of that all day long.