WEBVTT
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You can have it all, but it's not going to come to you.
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Please don't believe that lie.
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It's not going to magically happen.
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Nobody's coming to make it happen.
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You're going to decide I want to have it all.
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And once you make that decision, you need to make the second decision.
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I am willing to find out and do whatever is required for me to have it all.
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Hi docs, welcome to the EntreMD podcast, where it's all about helping amazing physicians just like you embrace entrepreneurship so you can have the freedom to live life and practice medicine on your terms.
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I'm your host, dr Una.
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I have finally figured out what you need to do.
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If you don't feel like recording content, just record it.
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So this is going to be an absolutely amazing episode and I was like, oh my goodness, I, you know, I need to go record an episode.
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And what I did was I thought I said you know, for my people, the people in my world, the doctors that you know I'm called to serve, and all of that, what is challenging for them, what is a problem that facing right now I can make go away.
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And I thought about that.
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It was very easy.
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I was literally in a Facebook group yesterday and there were a number of posts where people were like they were so upset.
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And they were so upset because maybe they're in a specific specialty, especially primary care and stuff like that, and they read a post about an orthopedic surgeon making so much more than they are.
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Or they read about somebody like a different kind of clinician, like a CNA, something like that, and they're like, oh my, not CNA, please scratch that CRNA.
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And they're like, oh my goodness, I can't believe they're making this much.
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I'm so upset and things like that.
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And I get it right, I get it.
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We, you know, we really you know trained to become doctors and we had seen a model of what life was like for doctors.
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Unfortunately, by the time we were done with our training, that model had gone right, like you know, when the people ahead of us, you know, practiced, it was really the doctor-patient relationship.
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We didn't have multiple types of clinicians.
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We didn't have private equity in the healthcare space, at least, if there was not in any way like what we have now.
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It was not as economic of a space.
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We had monopoly, even though that was not the intent, but that's just the way it was.
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And so you could hang a shingle and they would come, you could do good medicine and the money will follow and all of those things.
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But truth of the matter is that things have changed.
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It's not like that anymore and it's not going back to the way that it used to be.
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And I felt that and I, you know, I remember, you know, coming in the comments and saying, guys, listen, like like, first of all, there's so many people who make a truckload more than doctors make.
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I mean, when I'm in a room with entrepreneurs, you know like seven figure entrepreneurs, multi, seven figure entrepreneurs, like a hundred thousand, 200,000, 500,000, that's not a whole lot of money, like that's not the way they think about that, Right, and so there's so many people with much less education that are making more and stuff like that.
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And I said, listen, guys, like we got a really great education, but our really great education put us in a position to take really great care of patients, which we do.
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But being paid better, being paid what you think you're worth, and things like that, it answers to different rules, it answers to a different skill set, it answers to a different type of education.
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It is not our medical education, because they're like oh, my goodness, I'm so mad, I went to school for a gazillion years, which is true, but it makes us excellent at what we do, though we do need to stack on a different skill set, guys.
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This is the sole reason why EntreeMD exists, because I want you to think about this.
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Your clinical education got you ready to take really great care of people.
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The end it did not put you in a position to make better pay, to have financial freedom, to have time freedom.
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We learned nothing about that and we need to tell ourselves the truth.
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We learn nothing about that.
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Okay, so it's a different skillset, like if you want to be paid better or you want to have a, you know, like for my entrepreneurs, you want to be paid better.
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We had a doctor who was an employed physician, who learned the principles that we teach in the entrepreneur business school and six-figure bonus.
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Right, it didn't answer to his medicals.
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It's not because he did better surgeries.
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It's a completely different skill set.
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If you're going to run a business and it's going to be very successful and you run it in such a way that it is profitable, it can pay you, it can pay your team, it can give you your time back, it can work without you.
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That is a completely different skill set.
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We have a doctor who came into the EntreMD business school and she was burnt out in her private practice, which she'd had for over a decade, I think at the time.
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And you know she hated the practice and she was like, my goodness, I wish I could just get someone from private equity firm to come by this so I can be done with it.
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But you see, she was running that on her clinical skills.
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She comes into the Entremdi Business School, she starts learning the business skills.
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She starts learning you know how to hire the right people, how to lead your team, how to give them revenue generating activities, how to manage them by KPIs and all of these things.
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And now she has a practice where she's working two and a half days a week and she had her first million dollar month.
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What was that?
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Was it more CME?
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No, first million dollar month.
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What was that?
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Was it more CME?
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No, and the CME is not bad.
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It would just make her a better clinician.
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But if she's going to have a successful business, that answers to a different skill set.
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Guys, the education we got was fantastic for taking care of patients, but if we are going to win, if we're going to have financial freedom, if we're going to live life on our terms, if we're going to do all that, different skills are required.
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They're required, and we may go around and we may say it's not fair, and all of these things.
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When has that changed anything?
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We have an opportunity to change everything.
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Okay, so I decided right, like.
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So.
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I was like you know what.
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Let me come and talk about seven must haves.
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If you're going to have it all Because you can have it all you can have the great clinical career, you can have the time freedom, you can have the financial freedom, you can have the family you can have all of those things, right.
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But if you are going to, there is a price to pay.
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Guys, this is not going to fall in our lap.
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That's not the way this is going to work.
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We're going to do some stuff.
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If you have a business that you're running and it's not hitting certain revenue milestones, there's something needs to give.
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If you're running a business and the numbers look good, the profit and loss statement is good, but you're like I want to throw it all away because you're burnt out, your team is driving you nuts, you don't have time with your family, all of those stuff.
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Something needs to give, even if you don't get the seven things I'm going to show you, because I'm going to show you seven months have.
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Even if you don't get that, if you get this concept of if something is not going the way I want it to go in my life, I need to stop and I need to decide.
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I'm going to change it.
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I'm going to find out what is required for me to change it and I'm going to do it.
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If you can walk away with that attitude, you're not going to be a victim of the healthcare space we find ourselves in.
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But if you don't have that attitude, victim of the healthcare space we find ourselves in.
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But if you don't have that attitude, unfortunately you will be, because nobody's coming to save us, nobody's coming to help us, nobody's going to come in to make it stop.
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We're going to make that decision.
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I'm going to make that decision Like this is what I want to build, this is the way I want my life to be, and that's it.
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Okay, all right.
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So what is the first thing?
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The very first thing is this be clear on what you want.
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Be clear on what you want.
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Unfortunately, we're surrounded by so much noise that most people have lost touch with what they want.
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So people are like, oh, this person earns more than me, but is that what you want to earn?
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This person has 25 people on their team.
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Well, do you want a team of 25?
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Or do you want a small boutique business, right?
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Oh, this person went on X number of vacations.
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Do you even like traveling?
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The more you're in alignment with what it is you actually want, the happier you'll be.
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The more it is that you're like deriving what it is you want from what other people have, the more miserable you'll be, because it is a slippery slope that never ends.
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So you know.
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So for a doctor, they say, oh, you know, this doctor is making 500.
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I'm only making 200.
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Okay, but when you get to 500, let's say that's what you did there will be somebody earning 650.
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And when you get to 650, there's somebody else who's going to be making a million.
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And when you get to a million, there's somebody who's going to be making 5 million.
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This is a never ending story.
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You have to decide.
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What is it that I want?
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What do I want, right?
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What do I want?
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You know?
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For instance, you know when, with my private practice, we opened a second location, okay, and we're navigating the second location.
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We get a doctor for that location, whole team, all this stuff.
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You know, navigating the second one was closer to my home so I'm like, oh, that will even be easier.
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Blah, blah, blah.
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I didn't like it.
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This is not what I want.
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I don't want to have 10 locations.
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I don't want to have this big, ginormous private practice.
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I want to have a private practice that's a lab where I can come and experiment and I can come and help all these thousands of private practice owners and let them know hey, this works.
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This is what I did and it worked.
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So could I have?
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Yes, do I want it?
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No, so what did I do?
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I shut it down.
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No apologies, no remorse, no shame, no, nothing.
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I just shut it down.
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That's not what I want.
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So the question for you is what do you want?
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What do you want?
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Some people just build a big team, because they see people building a big team, but that's not what they want.
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That's not the kind of business that.
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What do you want?
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There's some people who don't want to, they don't want to work, they don't want to work clinically at all.
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Some people want to work clinically to the day they die.
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There's no right or wrong.
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What do you want?
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It's really important.
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So a lot of times, like in the Entrepreneur Business School, when I have live coaching sessions with them, you know, when we do our seven figure consults, I'm like, okay.
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They ask you know this, should I do this?
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I'm like, okay, let's stop.
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What is it that you want?
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Because the thing is this we can build a business system around it and you can get what you want, but when you want what you get, when you get what you want, I want you to want what you get.
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Right, like, what do you want?
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What somebody else is doing doesn't matter, it's immaterial.
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Okay.
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So get clear, because just saying, oh, I want to make this much money If that's not what you want, not going to make you happy.
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I want a job that pays.
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This may not make you happy.
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Maybe you'll be happier with a job that gives you more flexibility and a little less money, right, what do you want?
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You have to know what you want, okay.
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Number two you have to be clear on your values.
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Okay, you are always going to have more options than you can ever say yes to.
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You are always going to have that.
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In your business and in your life, you're always going to have more, and so the question is what are your values?
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What ranks above what?
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Because there are things that rank above other things.
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I'll give you an example.
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When it comes to me, when I think about my life and I start ranking things, number one, number one is my relationship with God.
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I am not willing to build a business that means I have to sacrifice that, because if I could only have one thing, that's what I want to have, and so saying no to certain things becomes very easy, saying yes to certain things becomes very easy.
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Why I'm clear on my values.
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Number two is my family.
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Okay, so right after that is my family, is my relationship with them and all of those things, which means what the business comes after my family, and so, when it comes to making decisions, if it is a decision that will favor my business, I hurt my family.
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I'm not going to do it, because my family ranks above my business.
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Right After that is what I call legacy, my legacy play, and so in that, business could be in it, ministry could be in it, like all kinds of things, but it's like when I'm gone, this is what I'll be known for when I'm 90,.
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This is the difference I created in the world.
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I'll be celebrating.
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That comes third.
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That even comes before what is traditionally known as business.
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For me, the business and legacy is kind of mixed together, because my business is my legacy play, but my business is my legacy play because legacy comes above business.
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And so if there's something that I will do today that will put a million dollars in my bank account but will hurt my legacy, I'm not going to do it, because I'm very clear on what comes before what.
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Okay.
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In my business, people come before profits, and so if I need to acquire profit and in the process I have to hurt a person, I'm not going to do it.
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I'm not going to do it.
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This is why I won't teach things I don't do, because I'm wasting people's time.
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I know I cannot give what I don't have.
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I'm not going to do it.
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This is why I don't make decisions to get a quick buck.
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I make decisions to transform the lives of people and then I receive a thank you notes called money.
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This was very interesting.
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I just got back from a meeting with my team.
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We're working on trendy live.
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One of the things I do is I attend the events many times before I attend the events.
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One of the things I do is I attend the event many times before I attend the event, and what I mean by that is I go from the beginning.
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Okay, so they come into the building, they walk through the door, what do they see?
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How does this make them feel?
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That's like I go through that as session one and session two, then at lunchtime, and this I go through everything, because what I want is, when somebody comes in, one way they may come in feeling stuck, and they may come feeling maybe even a little hopeless, or they may just maybe they're cynical, right, and they come in, and they come in with these limiting beliefs and they come in with strategy that they don't know and all of those things.
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I'm fine with that.
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But when they leave, I need them to leave inspired.
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I need them to leave knowing what is possible for them.
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I need for them to know like this is how it can be possible.
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I need them to know this is the absolute best resource to go with to make these things possible.
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I need them to have created some networks and all of those things right.
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So we're having the meeting and we're working through all these things, and she says this is very fascinating.
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And she says most people don't do events this way.
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Most people the leader is the money Like how can we maximize how much revenue we're going to make?
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And don't get me wrong, we are going to make revenue at the events, right.
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But she's like but you're leading with.
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How can I help these people?
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How can I help them change?
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How can I help them overcome limiting beliefs?
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What will be confusing?
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How do we overcome that piece that is confusing and all of that stuff?
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And she's like this is amazing.
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I haven't, I've not seen it done like this.
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And that's because in my value system is people above profits.
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Now, you know I talk about this all the time, so profit is right under people, so I'm not saying people.
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Then if there's any profit, we'll take it.
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That business doesn't work that way.
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It's an economic sport.
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But in my value ladder I know what comes first, right, and so you have to know your values.
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And that way, when you see all the shiny objects and stuff like that, it's so easy to say no.
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And a lot of times, the things that will ruin us are not the bad things, they're the good things that we shouldn't be doing at all, right.
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And so what helps you see those things and say no to them is your value system.
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So you want to be clear on what that is?
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Okay, all right.
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Number three is be clear on your dominoes.
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Guys, everybody has a zone of genius.
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Okay, there are places where you thrive, and when I say zone of genius, there's an intersection, right?
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The intersection is this is the thing that creates the biggest shift in my business and I'm good at it and I enjoy doing it.
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So we want to have these three things.
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Okay, you don't want a zone of genius that doesn't make any money, right, doesn't have any value in your business and stuff like that.
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These are things that make you a lot of money, you're really good at them and you enjoy doing them, in no particular order, but these three things need to be there, okay, the clearer you are on what those are, the more you can live a life that leads to massive growth, massive change, massive transformation, making quantum leaps.
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You know you get the business not profitable.
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The team helps you be even more profitable and gives you your time back so you can focus on other things.
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And so, because, if you're going to build, if you're going to have it all, you need the bandwidth to have it all, you need the team to have it all, you need the money to have it all.
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Like, there are a number of things that need to be in place.
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So you want to be clear on what those are and it may take you a minute to find out what they are, and if you looking till you do so, for instance, for me, you know I've taken time to look at this and when it comes to my zone of genius, there are three things there, and one is content creation, and not just any content creation, but transformational content, like how do you create content that changes people's lives, that people are like?
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My life was like this I started listening to your podcast.
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My life was like this I joined the entrepreneur business school.
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My life so even with you know the curriculum, all those things like it's all content, but it's transformational content.
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That is a zone of genius for me.
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It's a zone of genius and it's a zone of genius I've really worked on, and so you know, when people listen to my content, watch my videos, are in my programs and stuff, they change, they change Okay.
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The second one is coaching, and again it's somewhat similar to content, but of course it's different, right, and that is being able to pull out the greatness on the inside of people, whether those are clients or those are team members or people in our audience, in our ecosystem.
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But that ability to pull it out Again zone of genius for me I can see it when I come in contact with someone.
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I can see it and that's why they ask me oh, should I join the Entrepreneur Business School?
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Will it work for me?
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Absolutely, because I can see it.
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I can see what they're doing, the idea they have how it can become this thing that's so much bigger than they can imagine.
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I can see it.