Dan Martell - May 06, 2023


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Hosted by
Dan Martell
You Don’t Have a Choice, You’ll Have To Do This. When Times Get Hard, You Need to Do This

Episode Stats


Length

51 seconds

Words per minute

249.42

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).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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.