WEBVTT
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00:00:13.016Steve Allred is our very special guest today for the Willpower Podcast.
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00:00:15.304Guys, thank you for tuning in Today's guest.
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00:00:28.361We had the funnest time talking about the mindset shift that occurs from being like a provider to being someone who's focused on profits and patient outcomes.
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00:00:33.362Steve Allred is a powerful physical therapist who went back to school and got his MBA.
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00:00:45.944You know how easy that is to go back to college and he's leveraged both of these incredible skill sets to grow large companies and now he's coaching smaller ones, and smaller meaning, you know, sub 50 million.
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00:00:51.884So, whether you have $500,000 a year or you're a practice that does one to 10 million, this is the guy for you.
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00:00:54.851He knows how to take a P&L and make it entertaining.
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00:00:58.109But today's topic is going to be a lot more deep than that.
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00:01:04.171We're going to be talking about how to think differently so that we can open up our future and get the future we deserve.
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00:01:05.212Enjoy the show.
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00:01:09.246So, steve, you are a master coach.
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00:01:10.810You have been working.
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00:01:11.832You're a physical therapist.
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00:01:15.409You've been working with businesses for a long time.
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00:01:21.483You have your MBA, so you were talking about thinking like a CEO.
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00:01:27.750So what's the problem, or the main problems, you see when you're coaching with clients in this particular capacity of thinking like a CEO.
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00:01:40.804We get stuck in being good at what we're at, staying where we're good and where we feel confident and validated, and we have to push into the areas where we're not.
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00:01:46.381And that's really hard because it's not about five steps where we're not.
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00:01:49.387And that's really hard because it's not about five steps, it's not about five tricks, it's about our mindset.
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00:01:58.793And it's about somebody that says here's a blind spot and somebody's you know, I was talking to two owners and they're and he said here's my blind spots.
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00:02:02.325And his partner says well then, how is it a blind spot If?
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00:02:03.087you can see it.
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00:02:03.549How is it?
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00:02:04.189A blind spot?
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00:02:11.191Exactly, and so they shared each other's blind spots and you could see, as one said, that hits hard, full stop.
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00:02:17.592Yes, because they're in that place of like, recognizing it's a weakness but choosing not to address it.
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00:02:30.296Yes, so you're saying the reason they don't choose to address we, as owners, don't choose to address our weaknesses is because we're getting validation in other ways where we are capable and we don't address it.
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00:02:31.318It's hard enough.
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00:02:36.710Yeah, business is hard enough, so why go into that area that just says you suck.
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00:02:39.445But here's the thing.
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00:02:40.149We flipped it around.
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00:02:44.230I said what if you became really, really good at sucking until you're not?
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00:02:54.927Yeah, and they said huh, and they started thinking about that and they realized my job is to go into the areas where I suck and get really good at that and then move on to the next area.
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00:02:56.610Interesting.
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00:03:03.282So there is probably an area of blind spots, I'm guessing, where people don't see that, they're not even aware of what they don't know.
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00:03:28.568But what you're talking about is more of a mindset for people who, like, are almost subconsciously stuck because they're doing the things that validate them but they're not doing the things that need to be addressed, like there's that constraint principle that all of our businesses have one area of constraint that's the most valuable to be addressed, because if we address just that constraint versus the 30 that we see, everything else becomes easier or obsolete.
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00:03:30.807Let's take delegation.
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00:03:36.165I've delegated a lot of different things, but the business is still stuck.
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00:03:37.370Why?
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00:03:42.563Because I feel so dang good when everybody comes to me and says hey, steve, how do you do this?
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00:03:43.288When do you do this?
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00:03:43.911Why do you do this?
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00:03:44.716Can do you do this?
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00:03:45.419Why do you do this?
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00:03:46.301Can I do this?
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00:03:48.007I'm at the center of attention.
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00:03:57.372I've delegated tasks, but I'm refusing to delegate responsibility and authority because I just don't know how or I'd like the validation.
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00:04:04.387Guys, I want you to hear that rock stars Steve just said I like to delegate tasks, but not authority.
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00:04:23.048What I mean that is such a profound statement because we've all been guilty of that as owners where we delegate things to people and we say out loud and we feel at times consciously frustrated that they can't ever get it done, but there's a validation of being the person who's able to sweep down there and be a hero and they're like, wow, you're so smart.
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00:04:24.343No, it's just whatever.
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00:04:27.249And you know we go back to being frustrated about why we're stuck.
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00:04:44.584Yeah, and one of the best examples they get, that I got from somebody, cause I learned more from who I'm coaching than anybody else and he said you know, I gotta be the executive chef and the sous chef brings me the plate, I approve it.
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00:04:45.872And I said, said go, send it out.
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00:04:58.281And that totally flipped their mind because they realized that they were the, the bottle washer, the line cook, the sous chef and the executive chef and trying to do it all and they were doing other people's jobs.
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00:05:05.637And so what they did is started to realize I've got to let go, I've got to give them the authority.
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00:05:26.266And we talked about there's three levels of delegation in terms of responsibility, and that's first one is what are the decisions somebody else can make and they don't have to tell me about it, I don't need to know about it, just make the decision go and if it goes wrong, debrief it, make it within the context of our values and goals and I got your back.
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00:05:29.894Second level is what are the decisions you can make?
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00:05:40.992And then tell me about it afterwards and we'll debrief it and if it's wrong or if it's not how I would really want it to be done, it's a learning opportunity and we're going to talk about it.
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00:05:42.201We're going to learn and keep on going.
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00:06:01.432And the third one is what are the things you need to discuss with me before you make a decision, so that we're on the same page and I can support you in that and then go make that decision, and the reality is you're going to have people that they all want to go in and consult with you first.
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00:06:05.728And the reason being is because they know what they consult with you and it's a mistake.
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00:06:08.052It's not on them and you've trained them that way.
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00:06:10.622You've trained them that way.
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00:06:11.805Yeah, okay.
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00:06:13.290And we're therapists.
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00:06:13.790What do we do?
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00:06:18.567We get A pluses, because heaven forbid we get an A minus or B plus.
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00:06:27.653So you teach them okay, you know what next time, why don't you make that decision and come talk to me afterwards and let's debrief it.
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00:06:35.052And then, when they get good at that and they trust themselves and you trust them then you say you know what?
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00:06:36.254Why don't you just make that decision?
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00:06:38.785You don't need to tell me anymore, just run with it.
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00:06:50.862And so you're bringing them through these layers of decision-making authority so that they get comfortable, and you're teaching them and you're pulling yourself out of it and the best.
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00:06:59.091This morning I was talking to one of your rock stars and she said you know, I had a therapist that flipped their schedule.
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00:07:05.031And I was like and she said, do we have front office coverage?
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00:07:09.406And her front office manager says, oh yeah, we took care of that like weeks ago.
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00:07:12.233And she was like, oh, this is the best.
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00:07:26.014Yeah, there's something that that feeling of relief, Steve over supersedes any sense of the hero mindset, because that hero mindset is like a validation of oh, thank you, You're enough.
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00:07:37.139But when we know we're enough and our job is helping other people be enough, we get something much better called time and and like freed attention spans to focus on what we really care about.
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00:07:57.226When I had a client that was going through this and oh my gosh, it was a knockdown, drag out, fat fight to shift the mindset and and at one point I asked his office person, his, his, basically director of operations I said how long would it take to get him out of the office?
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00:07:59.793She said two weeks.
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00:08:06.954It took us another six months working together because of mindset, because of mindset.
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00:08:08.283And he didn't want to let go.
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00:08:11.843No, didn't, didn't think he could, I got to grind away.
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00:08:13.408If I don't do this, it fails.
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00:08:14.129I'm not enough.
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00:08:14.591Exactly.
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00:08:20.444And then what happened is one morning he's getting up getting ready to go to the office.
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00:08:23.869She calls him and says hey, just want to let you know we office.
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00:08:27.819She calls him and says hey, just want to let you know we don't need you today.
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00:08:31.480Stay home, please.
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00:08:31.661No way.
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00:08:32.342That's amazing that they had.
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00:08:34.711He had such a great leader and he was just in his own way to where she had to like invite him to stay home.
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00:08:57.951In the next year he doubled his profits and one and a half times to his revenue because after he got out of it, he had the creativity to look at his business differently, lead his team, and here's the beauty of it it allowed him to promote people, and promotions bring raises, and raises bring quality life standards, changes for these people.
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00:09:01.666So it's like everybody wins and he's like I'm working less.
00:09:01.666 -->
00:09:02.448Is that okay?
00:09:02.448 -->
00:09:04.282I'm like I'm really happy.
00:09:04.282 -->
00:09:04.543Is that okay?
00:09:04.543 -->
00:09:05.163I'm like I'm really happy.
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00:09:05.924Yeah, is that allowed?
00:09:05.924 -->
00:09:09.691And so it's a change of mindset to where you're.
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00:09:10.152You're.
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00:09:11.695You're leading your people.
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00:09:21.211You have to win the hearts and minds of your people behind your cause, yes, and then they will build it faster than you ever could.
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00:09:21.974But they need a leader.
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00:09:24.649The point is like so I hear you said rock stars.
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00:09:28.327I need you to pay close attention because this is there's so many things Steve said right there.
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00:09:37.726That was so big for me in my journey when I was the PT with one location who was angry at my people because they were never doing the things the right way and I was the hero.
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00:09:45.455I was subconsciously it wasn't conscious for me, I was subconsciously sabotaging my own environment and it started with hiring.
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00:09:49.230It was like but when I started hiring better people, I think that's like the first step.
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00:09:53.229Yeah, absolutely, because you really are in that trap if you don't know how to hire.
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00:09:58.692But once you start, once I started hiring good people, I was still stuck and that was when it was 100% mindset.
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00:10:02.847And for me, what really became big was recognizing what my job was.
00:10:02.847 -->
00:10:10.255My job as an owner is to be in charge of the culture of the company and the vision culture and vision People go.
00:10:10.255 -->
00:10:11.019What do I even do?
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00:10:17.488I remember I've worked with lots of people in the recruiting space, steve, who get freed up and they're like what do I even do with my time now?
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00:10:21.003Which is laughable for most people who are listening because they're like I would kill for that.
00:10:21.003 -->
00:10:24.090But that's literally what every single person I know goes, they go.
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00:10:25.373What's my purpose?
00:10:25.373 -->
00:10:27.067What am I supposed to do with my time?
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00:10:28.907I'm like you create the vision.
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00:10:32.147You do the funnest part of a job it's not the easiest, by the way, oh no.
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00:10:51.359But creating a vision focusing on building your people by stepping out like you said, steve and Rockstar, I pay close attention by stepping in, not out of into the CEO thinking mindset and that hat we free up all this space for people to progress, which is how we retain them and why they're so passionate about the vision.
00:10:51.359 -->
00:10:54.626Because we always forget the concept of a leader.
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00:10:57.813A leader is in motion and people are following a leader.
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00:11:05.197So if we aren't in motion up the organization's org board, they are literally stuck the way we are.
00:11:05.197 -->
00:11:11.533So when we're progressing and we do our jobs right, they progress with us, and that's how we retain and build a dream team.
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00:11:13.383And then it's like what do I do?
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00:11:14.346Vision?
00:11:14.346 -->
00:11:15.889And then the other thing is guilt.
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00:11:17.581I don't know if you've ever seen clients with this.
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00:11:19.725They have guilt when they're not super busy.
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00:11:21.528Absolutely, tell me about that.
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00:11:22.750It's impact.
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00:11:25.634And see, here's the shift we're so focused on.
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00:11:31.701I got 10,000 things I got to get done.
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00:11:32.945Yeah, it's all about how much I get done.
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00:11:34.047I do more than anybody else.
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00:11:35.990I'm here first, I'm here, I stayed last.
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00:11:38.556And it's about impact.
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00:11:39.900You have to shift it.
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00:11:42.866You have to ask the question was I impactful today?
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00:11:43.589I was super busy.
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00:11:45.352I got a ton of stuff done.
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00:11:47.846Did I make a difference?
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00:11:48.870Was I impactful?
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00:11:52.990When you start doing that, it changes what you focus on.
00:11:54.643 -->
00:12:02.188I had a client that said you know, every morning I go in and you know they had a small hobby farm and animals and things like that.
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00:12:10.408And she said I go in and I brush my horses and it really grounds me for the rest of the day.
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00:12:26.429And I said that is some of the most important executive work you will do all day, because when you are emotionally grounded, you lead differently, your people see you differently and you have to understand about leadership.
00:12:26.429 -->
00:12:31.190And that is we think oh, I'm a leader, people are going to follow me, I'm the boss.
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00:12:34.844No, trust me, they don't have to.
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00:12:37.227They don't have to.
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00:12:43.804A phrase that I say is that leaders lead at the consent of those that are led.
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00:12:48.374People who follow you are consenting to follow you.
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00:13:03.989They're exercising a choice to follow you, and how you lead through the good times and the bad times is really critical, and this morning, as I was talking to somebody, they said you know, my team is shifting.
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00:13:13.783Where they're at is so much better than it was a year ago and it is 100% directly responsible or related to the fact I'm a better person.
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00:13:24.328Yeah, I lead better, I show up better, and so that executive work is some of the work that you have to do, and you can't do it on the floor, you can't do it in the office.
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00:13:27.754You've got to get out and away from it.
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00:13:35.080And so it's shifting your perspective and realizing I have a totally different role than I did before.
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00:13:47.985When I'm right there with my therapists or with my office, or my office is there and it's a revolving door of people in and out asking questions, you're holding your company back, and that's the shift.
00:13:47.985 -->
00:13:55.548I'm working with people so that they become 10 times more powerful and the business it unlocks their business.
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00:13:57.130It unlocks the freedom.
00:13:57.130 -->
00:13:59.485So, rockstars, I want to hit another point.
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00:14:01.177I don't usually talk to the audience this much, steve.
00:14:01.177 -->
00:14:06.192This is because you're laying down so many valuable concepts that were mentally massive for me.
00:14:07.575 -->
00:14:13.490One breakthrough I had in the current business structure that I have to parallel what you just said I was, you know, working these.
00:14:13.490 -->
00:14:23.870I've been working crazy hours starting my companies since I sold my PT practice and I had this revelation that speaks to what you just said, where I was starting to shift my calendar.
00:14:23.870 -->
00:14:34.533So, instead of going from, you know, six in the morning to about six at night, which is most days, I started opening up my calendar to where I would start a little before six and I was be done by three.
00:14:34.533 -->
00:14:35.576And I changed what I did.
00:14:35.576 -->
00:14:40.157You know I would wake up and, immediately after some prayer, go straight to work.
00:14:40.157 -->
00:14:41.480That's been big for me.
00:14:41.480 -->
00:14:42.722I don't have a routine.
00:14:42.722 -->
00:14:46.408I actually do most of my things just for me in the afternoon after three.
00:14:46.950 -->
00:14:49.615But what I did do is meditation is really big for me.
00:14:49.615 -->
00:14:54.370Meditation, you know, transcendental, where you're 20 minutes, no guided.
00:14:54.370 -->
00:14:58.706I'm just sitting there for 20 minutes and I'm counting my breaths and um I.
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00:15:05.086I let myself do this because I saw some executives I wanted to be like and that's the one thing they kept in their morning routine.
00:15:05.086 -->
00:15:10.902So I wake up, pray, hit my work, I work for an hour and a half and then I'll meditate.
00:15:11.903 -->
00:15:20.692This one day I was meditating about these huge problems that I knew were going to take me months to solve and in meditation it's like being in the ocean.
00:15:20.692 -->
00:15:31.684I was able to drop my consciousness now to the bottom part of the ocean, where the bigger, bigger fish slash ideas are, and literally in a flash, thought of a complete path on how to solve these two to three things.
00:15:31.684 -->
00:15:34.921And then, after the 20 minutes I woke, I kind of came back up.
00:15:34.921 -->
00:15:48.065I was very refreshed and I had I'm not kidding you weeks of work visualized and I wrote it all down and I remember thinking that was the best work I did all day brushing the horse and grounding.
00:15:48.065 -->
00:15:49.828It's different for everybody.
00:15:50.049 -->
00:15:51.500That was what it was for me.
00:15:51.682 -->
00:15:55.552How we get there and it's all about being present and like you know, but like we forget.
00:15:55.552 -->
00:15:59.928We think of work in healthcare as care, patient care.
00:15:59.928 -->
00:16:02.514We don't think of what real.
00:16:02.514 -->
00:16:10.346I want everyone listening to stop thinking about work and start thinking about what moves the needle Impact, production.
00:16:10.346 -->
00:16:12.607What's the most productive use of my time?
00:16:12.607 -->
00:16:17.389The most productive use of the leader is envisioning the future, is creating culture.
00:16:18.181 -->
00:16:30.485If I spend an entire week meditating and preparing getting input on a presentation, I'm going to do yeah, and I go into the office and it's an hour presentation.
00:16:30.485 -->
00:16:32.851That's the only hour I spend in the in the office.
00:16:32.851 -->
00:16:43.548The rest of it I'm just preparing myself, getting myself in that present mind, and that hour changes the entire direction of the organization, aligns people yes, gets them on board to what we're doing.
00:16:43.548 -->
00:16:56.767It will magnet we, the business, magnifies everything we do, yeah, and so you're wanting to magnify that lens in a way that moves it.
00:16:56.767 -->
00:17:08.046You're going to either move it forward or you're going to move it backwards, but you're going to move it, and so if you have to prepare yourself for that magnification, then it's the best way you can do now.
00:17:08.046 -->
00:17:16.792Obviously there's a lot more you have to do, but the point is stop trying to outwork everybody else as this badge of honor.
00:17:17.413 -->
00:17:18.355they want you.
00:17:18.355 -->
00:17:23.708A good team is going to say get out of here, let us do our.
00:17:23.708 -->
00:17:42.079You go do the work that only you can do, that only you as an entrepreneur, as an owner, and you know, you and I were talking that it's really about getting comfortable, of pushing into the areas where we're not validated, right.
00:17:42.119 -->
00:17:43.284We don't feel comfortable.
00:17:43.284 -->
00:17:45.451We don't feel safe because that's where we have to take the validated Right.
00:17:45.451 -->
00:17:46.034We don't feel comfortable.
00:17:46.034 -->
00:17:49.807We don't feel safe Because that's where we have to take the company Right and human nature is we want to treat.
00:17:49.807 -->
00:18:02.506I'm really good at insert whatever it is and when times get tough, that's where we go to, and so we have to just get comfortable and put in systems.
00:18:02.506 -->
00:18:05.182Get somebody, I don't care who it is.
00:18:05.182 -->
00:18:07.521If it's a coach, it's a coach.
00:18:07.521 -->
00:18:08.926If it's a friend, it's a friend.
00:18:08.926 -->
00:18:10.109If it's a mentor, it's a mentor.
00:18:10.109 -->
00:18:14.330Get somebody that is not emotionally involved in what you're doing.
00:18:14.640 -->
00:18:16.788Right, who keeps the eye on the prize with you?
00:18:16.788 -->
00:18:18.784Yes, you know um uh 2015,.
00:18:18.804 -->
00:18:20.185I had an opportunity to go climb Mount Rainier, oh nice.
00:18:20.185 -->
00:18:21.548About 2015,.
00:18:21.548 -->
00:18:36.035I had an opportunity to go climb Mount Rainier, oh nice, and through just some decisions we made, it was a group of friends that were going up and the lead person, who was going to be our guide, had to take somebody back to camp.
00:18:36.035 -->
00:18:48.906And the decision we made as a group and I have to own this because we said, okay, we're going to keep pushing forward, you go back, you catch up to us said okay, we're going to keep pushing forward, you go back, you catch up to us.
00:18:48.906 -->
00:18:49.409And um, and so I was lead.
00:18:49.409 -->
00:18:54.704I was lead on one of the ropes, had three other people on it, and we're going up there perfect conditions, beautiful weather.
00:18:54.704 -->
00:18:58.413We made it all the way to the top, wow and and.
00:18:58.413 -->
00:19:03.968But we had a guide behind us saying you guys have no business being up here and we're like what are you talking about?
00:19:04.930 -->
00:19:17.236So we're coming back down and I'm watching these guides and I'm realizing I made a thousand safety mistakes going up because I didn't understand everything.
00:19:17.236 -->
00:19:25.349I didn't see it Right and what I realized is that, having a guide, maybe you don't need a guide.
00:19:25.349 -->
00:19:31.930If weather conditions are perfect, the trail is perfect, right, the temperatures are perfect, everybody's great.
00:19:31.930 -->
00:19:33.164You get up, you get down.
00:19:33.164 -->
00:19:38.230Hey pat ourselves on the back, but when was the last time business was perfect Right?
00:19:38.299 -->
00:19:44.148The guides get you where you need to be, and in climbing it's back to the car.
00:19:44.148 -->
00:19:50.022You don't have to get to the top, you have to get back to the car, and they're watching you.
00:19:50.022 -->
00:20:00.343If you get altitude sickness, and it's little things, you're not putting on your puffy coat, you're not eating, you're not hydrating they know that.
00:20:00.343 -->
00:20:02.931Okay, you're not thinking straight, and so they intervene.
00:20:02.931 -->
00:20:12.563And so that's where you need a guide to help you through those times where you're not thinking clearly about what you're doing and so you start making mistakes.
00:20:13.625 -->
00:20:14.548Yeah, it's so great.
00:20:14.548 -->
00:20:20.569In my journey I've been very vocal about this and you've heard me talk about how I've never not had a coach in over 20 years.
00:20:20.569 -->
00:20:25.820Um, and listen, I have a brother-in-law who has a third largest pest control company in the country.
00:20:25.820 -->
00:20:36.601He got most of the way there without coaching, but what I found later was that he was really good at hiring again and he hired basically experts inside his company to help him run and grow it.
00:20:36.601 -->
00:20:40.682So there's really those are the two main paths that I see, but no one figures it out organically.
00:20:40.682 -->
00:20:42.288You hire people who are at.
00:20:42.288 -->
00:20:49.589You learn how to hire so well that you hire experts who are basically coaches in a sense of departments, and they grow you.
00:20:49.589 -->
00:21:01.231But even then, I mean, at some point he still had to hire a CFO and then he eventually got coaching and so, like the coaching, the reason I'm so addicted to coaching is because I'm lazy.
00:21:01.231 -->
00:21:03.162I want to work.
00:21:03.162 -->
00:21:05.630I want the maximum impact for the least amount of effort.
00:21:05.630 -->
00:21:07.405That's the world I live in.
00:21:08.039 -->
00:21:12.593So working with coaches, the right coaches in particular, makes a difference.
00:21:12.593 -->
00:21:15.040Now I will say, steve, I've never had a bad coach.
00:21:15.040 -->
00:21:17.395I've had over 30 coaches.
00:21:17.395 -->
00:21:22.433Some are way better than others, but just investing in that time with anyone made a difference.
00:21:22.433 -->
00:21:25.121But here's what I tell people to find the best coaches.
00:21:25.121 -->
00:21:32.493I was actually speaking at the university of Idaho yesterday for their PT program and a student asked me how do I find the right coach or mentor?
00:21:32.493 -->
00:21:40.894Again, and for clarification a mentor is a free coach, someone who's willing to work with you at no cost I've had a few mentors or it can be someone you work with who mentors you.
00:21:40.894 -->
00:21:45.491A coach is a paid relationship with someone who's guiding you up Mount Rainier of your business Right.
00:21:45.491 -->
00:21:51.574And so my two things come from the fact that either they've done the thing that I want to do or they've helped.
00:21:51.574 -->
00:21:55.500They've proven that they've helped others do the thing that I want to do.
00:21:56.864 -->
00:22:05.953Yeah, you know, and that's interesting because I think we often, like we go to in our industry and I've heard this a lot have you done this?
00:22:05.953 -->
00:22:07.137Okay, I'll listen to you.
00:22:07.137 -->
00:22:13.301There is a great wealth of knowledge outside of our industry.
00:22:13.663 -->
00:22:14.123Yes, there is.
00:22:14.509 -->
00:22:23.481People who understand business in a way that we don't, and we need to adopt that mentality in this profession.
00:22:23.481 -->
00:22:27.688We need to adopt good, solid business fundamentals.
00:22:27.688 -->
00:22:36.548Yeah, we need to be able to innovate and think as problem solvers and not necessarily always as clinicians.
00:22:36.548 -->
00:22:42.563Yeah, because you know there's been a lot of talk about Hinge Health and what they're doing.
00:22:43.151 -->
00:22:45.117The reality is Review for the audience.
00:22:45.117 -->
00:22:45.470Real quick so.
00:22:45.490 -->
00:22:56.195Hinge Health is a digital platform that's really about gosh, you know, just about engaging the patient in their care.
00:22:56.195 -->
00:23:02.361They use algorithms for exercises and that sort of thing, and I'm sure they're going to go off into other areas that are solvable.
00:23:02.361 -->
00:23:10.840But the reality is the fact that Hinge Health is where it is today means that we are being disrupted.
00:23:10.840 -->
00:23:13.384Yeah, not that it's coming, it's here.
00:23:13.384 -->
00:23:38.884It's here, it's here, and so we have to innovate and think differently than the way we've been doing in the past, and we can get those ideas from a lot of different places by looking them or by working with people who help us see the world differently, and I think that's the key with a coach is, they can help you see the world differently, yes, so you can make better decisions.
00:23:39.185 -->
00:23:42.656Right, and my my current coach right now was the biggest investment I've had.
00:23:42.656 -->
00:23:50.901I only had one PT coach in my journey, um, because mostly there weren't any PT coaches back then Right, and so since that timeframe, obviously.
00:23:51.241 -->
00:23:52.270I'm outside of the industry.
00:23:52.270 -->
00:23:54.615So, yeah, there's a lot more and there's a lot of really good options.
00:23:54.615 -->
00:24:09.771But what's interesting about you, steve, as a coach, is that we spent so much time at the beginning of this podcast talking about mindset and on paper, the people I think would want to work with you objectively or at least probably many of the people who start working with you is because you have this MBA background.
00:24:09.771 -->
00:24:14.678You have an actual, like you know, tactical approach to business through numbers.
00:24:14.917 -->
00:24:22.932I got to spend this weekend with Alex Ramosi if you know who that is, and he's an incredible leader who's just all about facts and figures.
00:24:22.932 -->
00:24:36.621He believes in mindset and all that, but his like the whole two days was like data doesn't lie, pull emotion out of it, focus on the decisions, look at the constraint that the numbers tell you, monitor your numbers to grow it, and that's how you scale.
00:24:36.621 -->
00:24:43.275And he's he's he's scaled multiple hundred million dollar companies, and so for me, when I look at you, it's such a cool combination.
00:24:43.275 -->
00:24:44.719But I want you to address the audience.
00:24:44.719 -->
00:24:54.432Like, how do you approach coaching when I know that for all your clients, you're really big on foundational, fundamental number training?
00:24:54.432 -->
00:24:56.997Like, what does that look like between that and like the mindset piece.
00:24:58.137 -->
00:25:08.421You need both, because you can have all the right strategies, you can have everything all in place and if you don't believe that you deserve it.
00:25:08.421 -->
00:25:24.358You know, when we were at your, your um, the, the summit, the rockstar summit, you know we, we had somebody, we had um an individual who was at olympic level competence but didn't believe that they.
00:25:24.358 -->
00:25:28.251You know that there was just the way they thought about it.
00:25:28.873 -->
00:25:30.036It impacted in their business.
00:25:30.056 -->
00:25:35.796Yes, yeah, and and it impacted how they showed up and what decisions they made and how they held back.
00:25:35.796 -->
00:25:38.603Okay, so mindset is critical.
00:25:39.332 -->
00:25:48.915But at the same time you've got to know the technical You've got to know if you don't understand your profitability and how you get there, mindset isn't going to change it.
00:25:48.915 -->
00:25:54.982If you don't understand how to look at your metrics.
00:25:54.982 -->
00:25:59.454You know people say, oh, I've got the metrics, I'm like, okay, so what?
00:25:59.454 -->
00:26:00.156Tell me the story?
00:26:00.156 -->
00:26:01.842Well, they tell me the numbers.
00:26:01.842 -->
00:26:03.173I say, yeah, I know, I can read that.
00:26:03.173 -->
00:26:04.719Tell me what they mean.
00:26:04.880 -->
00:26:14.009Yeah, and you have to understand that behind every number you've got people, you've got process, you've got behaviors, attitudes and decisions.
00:26:14.009 -->
00:26:16.114Those are the five things that you can impact.
00:26:16.114 -->
00:26:16.654Go over them again.
00:26:16.654 -->
00:26:25.211So people, people, process, process, behaviors okay, attitudes and decisions interesting, you can't.
00:26:25.211 -->
00:26:28.318A metric is not there's, there's nothing tangible about it.
00:26:28.318 -->
00:26:32.439You can't go in there and like, shape it, twist it, do something with it.
00:26:32.439 -->
00:26:43.394But you, but you've got people who are running processes and and they're either exhibiting the right behaviors or they're not they got the right attitude which leads them to their behaviors or decisions you've made.
00:26:43.394 -->
00:26:50.253But it's the numbers that guide you of where you need to look and say what is the issue.
00:26:51.115 -->
00:26:54.303Yeah, it drives me crazy because I see this very clearly for me.
00:26:54.303 -->
00:26:55.875I think I'm an expert coachee.
00:26:55.875 -->
00:27:12.435I've been coached for so many decades and I've had so many tens of thousands of hours of coaching that I am actually really defensive when I hear any coach say, yeah, you've got it, it's all about learning the five most important steps, or it's all mindset.
00:27:12.435 -->
00:27:20.115What I think people need to understand about coaching is that it's an intertwined organism that is a lot of both.
00:27:20.115 -->
00:27:31.405I will agree and argue that mindset supersedes skill set 10 times out of 10, but you can't mindset your way into learning what a P&L is.
00:27:31.405 -->
00:27:41.512But on the opposite end of that, if I am only focused on learning what a P&L is and I have zero desire to believe that I'm a leader and that I can use this effectively, then what's the point?
00:27:41.512 -->
00:27:45.563Those two things have to come together, and so you're really big, I know.
00:27:45.563 -->
00:27:46.112Is that where you?
00:27:46.112 -->
00:27:47.336Where do you start with your clients Usually?
00:27:48.010 -->
00:27:50.799I start, I say give me your balance sheet and give me your P&L.
00:27:50.910 -->
00:27:52.436So you start foundational objective.
00:27:58.930 -->
00:27:59.813Foundational.
00:27:59.813 -->
00:28:00.895I need to know where are you?
00:28:00.895 -->
00:28:09.721Uh, because we can talk about growth, but if your owner's equity is in this negative six figures, that's going to constrain how you make decisions and what the priority is.
00:28:09.721 -->
00:28:15.689Yeah, because we got to get you out of that hole that you're in, right, if you know?
00:28:15.689 -->
00:28:17.436Do you have even good books?
00:28:17.436 -->
00:28:17.971Are your?
00:28:18.031 -->
00:28:18.674books clean?
00:28:18.674 -->
00:28:21.253How many of your clients have clean books?
00:28:21.253 -->
00:28:28.732But percentage wise, oh well, now um, I mean not, not after when I start with them uh, many of them.
00:28:28.913 -->
00:28:38.951I'm looking at it and saying, hey, let's think about so even your data that you're getting initially the majority of it's not even that clear.
00:28:38.971 -->
00:28:40.734Look, I've had some clients thinking that they're making 3%.
00:28:40.734 -->
00:28:45.625We get good, we clean up their books, get them organized the way that they should, and they're making 12% profit margin.
00:28:45.625 -->
00:28:49.942You make a different decision at 3% than you do at 12% Interesting.
00:28:49.942 -->
00:28:54.280And you know, somebody was like why were you so focused on this?
00:28:54.280 -->
00:28:56.653I said just work with me on this.
00:28:56.653 -->
00:29:00.920And we really focused on what are the areas, how do you improve that?
00:29:00.920 -->
00:29:05.615And then a big issue came up and I said how'd you handle it?
00:29:05.615 -->
00:29:19.619And I said this is the first time I wasn't stressed out and I said that is why we're focusing on that, because now you can make different decisions and you can pursue your goals differently and you understand what leverage you have to pull.
00:29:19.619 -->
00:29:22.751And it's not just I need more patients.
00:29:22.751 -->
00:29:26.398You know if you're, if you're, if you.
00:29:26.398 -->
00:29:30.460There's a formula to it, there's multiple ways you can increase it.
00:29:30.500 -->
00:29:32.911all boils down to increasing income and decreasing revenue.
00:29:32.951 -->
00:29:45.678is how you are decreasing expenses, is how you make more profit, like there's no other way, but there's multiple ways to influence those two variables and you have to understand which ones you're working on, because your first one is your gross margin, your revenue minus your therapy cost.
00:29:45.678 -->
00:29:57.517If that's not right and dialed in everything, else it doesn't yeah, it's too hard to make up, because your rent is your rent and you need certain amount of staff and your billing cost is your billing cost.
00:29:57.517 -->
00:29:58.380You're not going to change that.
00:29:58.580 -->
00:29:58.661No.
00:29:59.049 -->
00:30:11.343So it's understanding that and then being able to get down to it and be comfortable with numbers, so that you embrace them, and then you start making different decisions because you're more confident, you're more calm.
00:30:11.343 -->
00:30:21.738And then that's when mindset and that combination becomes a potent formula, and so I work on those foundational things.
00:30:21.738 -->
00:30:45.462So it's not just, hey, we're going to work on mindset, but at the same time I also recognize that if you have limiting beliefs I don't care how well you know your numbers You're not making the decisions that you need to make, you're not showing up the way you need to show up, and therefore we have to tackle that belief set to unlock what you can do.
00:30:45.849 -->
00:30:59.875It's nice that you start with numbers, steve, because it's like you're beginning in a very objective, non-emotional place, but it tells the story where the mindset is causing, at its foundation, the problems that are resulting in the numbers and the audience rock stars.
00:30:59.875 -->
00:31:12.778I want you to think about like this as you're progressing as a leader the way we can look at the balance between the mindset and the skill set is in this Information leads to inspiration.
00:31:12.778 -->
00:31:17.633So you start with information Like, hey, here's the data, here's the block.
00:31:17.633 -->
00:31:18.776So why is this like this?
00:31:18.776 -->
00:31:19.336Why is this?
00:31:19.336 -->
00:31:20.681And then you get to well, I'm doing this.
00:31:20.681 -->
00:31:23.623Then why are we, why are you making those, those actions?
00:31:24.064 -->
00:31:25.892We start understanding motivational behavior.
00:31:25.892 -->
00:31:37.563We start immediately tapping into mindset and then, from that place where people objectively see the reality, reality is who, what, when, where, why, what is real?
00:31:37.563 -->
00:31:57.800They, instead of just being in this ethereal space of like counseling from a coaching perspective, you're looking at objective data, understanding the decisions that were made and then, when we look at the why those decisions were made, now we're in this, the mindset speed space, but people, I'm guessing, are more primed to address their mindset because they're looking at objective data as the cause and effect.
00:31:57.800 -->
00:32:00.965Here's the effect of my mindset.
00:32:00.965 -->
00:32:04.835They're more open objectively, because it's no longer this judgment.
00:32:04.835 -->
00:32:06.381It's like, okay, I want a different outcome.
00:32:06.381 -->
00:32:07.070It's not personal.
00:32:07.070 -->
00:32:09.176It's like, yeah, I want more margins.
00:32:09.176 -->
00:32:11.082It's not about being burned out or being enough.
00:32:11.082 -->
00:32:13.031It's like okay, so why did I make that decision?
00:32:13.031 -->
00:32:14.673Oh, because I'm a hero.
00:32:14.673 -->
00:32:16.556That doesn't make sense logically.
00:32:16.556 -->
00:32:21.402Why would I want to solve other people's problems when I could have higher margins and work less?
00:32:21.402 -->
00:32:24.445Then we pull that emotion where it should be.
00:32:26.511 -->
00:32:27.795Here's a powerful thing You're talking about.
00:32:27.795 -->
00:32:28.758I need more patients.
00:32:28.758 -->
00:32:30.382Yeah, I need more patients.
00:32:30.382 -->
00:32:31.675I've got to hire more therapists.
00:32:31.675 -->
00:32:56.315If you're at, say, 5% margin, if you figure out and you said I want to make ten thousand dollars more a year, take that ten thousand dollars, divide it by 0.05, that's your, your, your profit margin and that is going to tell you how much money, how much revenue, you have to make to get that ten10,000.
00:32:56.315 -->
00:32:58.720Yeah, okay, make it easy math.
00:32:58.720 -->
00:33:04.079If it's 10% margin, you know I want to make $10,000.
00:33:04.079 -->
00:33:05.430I got to get $100,000 in revenue.
00:33:05.430 -->
00:33:13.082You work on and understand the numbers, so you understand your profitability and make the decisions that bring it up to 20%.
00:33:13.082 -->
00:33:17.869That just dropped down to 50, $50,000 in revenue.
00:33:17.869 -->
00:33:34.884Right, and in a time when it's hard to hire therapists, there is so much profit opportunity that we're not tapping into because we don't understand what leads to profitability right we're not digging into the number.
00:33:34.903 -->
00:33:37.194So there's just a lot of opportunity there.
00:33:37.194 -->
00:33:39.857And here's the other thing, and this is selfish.
00:33:39.857 -->
00:33:52.238I want to know because, look, if I'm coaching you, sure, and we don't objectively move the needle of your business, there will come a day when you say I'm not making any more money.
00:33:52.238 -->
00:33:55.578Yeah, why am I spending all this money in coaching?
00:33:59.410 -->
00:33:59.671Seriously.
00:33:59.691 -->
00:34:01.576Yeah, why am I spending all this money in coaching?
00:34:01.576 -->
00:34:02.980Seriously, at the end of the day in my mind, people want.
00:34:02.980 -->
00:34:05.006I want to make more money and have more time.
00:34:05.006 -->
00:34:11.239I want to sleep better at night, yeah, and I want to enjoy my business more, and that might mean.
00:34:11.519 -->
00:34:23.610Or at all, or not hate it Exactly you know it's like this albatross, and so we've got to objectively set what is the roy, what are we trying to get here, and are we moving the needle?
00:34:23.610 -->
00:34:24.753Is it making a difference?
00:34:24.753 -->
00:34:25.938And if not, why not?
00:34:25.938 -->
00:34:26.922What do we got to change?
00:34:26.922 -->
00:34:30.353So there's a lot of different reasons why the numbers are important.
00:34:30.572 -->
00:34:37.085Yes, um, and it is foundational it's amazing to think about how we go back.
00:34:37.085 -->
00:34:41.371It's this dance between information and inspiration and mindset Like for me.
00:34:41.371 -->
00:34:59.777One thing that you just hit upon, steve, and I hope the Rocksters are really dialing in on this point is that before we invest in coaching I mean most of the times when I used to coach more as my main source of income people just knew they needed a coach and they were basing like I need a coach and I don't really understand the concept of it and that's okay, that's most.
00:34:59.777 -->
00:35:01.161That's usually where we start.
00:35:01.161 -->
00:35:11.103But where I am now in my coaching, after all these decades of coaching and having built and sold multiple companies at this point, is that I now know how to maximize my ROI with coaching.
00:35:11.103 -->
00:35:14.637It begins, for me, with knowing my vision really clear.
00:35:14.637 -->
00:35:26.539So my current vision right now with virtual rockstar I have many companies, but the main one is virtual rockstar, with my virtual assistants I want 4,444 families out of poverty by the end of this decade.
00:35:26.539 -->
00:35:33.615That's 4,444 employees, families, families, and 95% of which are single mothers.
00:35:33.615 -->
00:35:39.585I am so driven by this metric because, yes, it equates to this large number.
00:35:39.585 -->
00:35:41.155The number means nothing to me.
00:35:41.155 -->
00:35:45.059It's that number means money that I get to build more families with.
00:35:45.059 -->
00:35:47.556That's what that means to me and having that balance keeps me clear.
00:35:47.690 -->
00:35:52.702So when I hired, I just actually engaged my coach on Monday for this next year.
00:35:52.702 -->
00:35:56.583We start in September and I won't tell you how much I paid, because it was you wouldn't believe.
00:35:56.583 -->
00:35:59.612I mean, you would believe me, but everyone in the audience wouldn't believe how much I paid in it.
00:35:59.612 -->
00:36:06.121Because for me to get a coach who's been able to grow a company to that size, I am talking about a very different level coach.
00:36:06.121 -->
00:36:07.083It's very.
00:36:07.083 -->
00:36:15.922But those coaches know that I'm focused on a specific outcome and that makes it easier to pick the right coach because I want to see people who can produce that vision.
00:36:15.922 -->
00:36:19.114But I've also spent a year researching these coaches.
00:36:19.675 -->
00:36:20.496I didn't just talk.
00:36:20.496 -->
00:36:24.376So when we're starting out I would say anyone's, anyone is useful.
00:36:24.376 -->
00:36:51.231But when we get to the point in a PT space, I mean that's very humbly because you're not, not just because you and I are friends, but you would be one of my top coaches If I was a physical therapist and I had one to five locations and I wanted to get out of hating my business, or if I wanted to scale it to 10, you would be my guy and really there's a few people at Practice Freedom who I really like, but you're one of my favorites because you have that objective mindset, information piece in a way that no one else has and honestly you're just really cool.
00:36:51.231 -->
00:36:53.815But the idea being that honestly cause you kind of like the purple.
00:36:53.815 -->
00:37:05.802I'm at a stage where if I don't want, we're both people who don't drink, but the phrase of getting a beer with somebody, if I don't want to hang out with that person, I don't want to work with them at all.
00:37:06.650 -->
00:37:15.594And a coach is a very cool experience, because the most meaningful work relationships I've ever built have been first, with the teams, the dream teams I've made.
00:37:15.594 -->
00:37:26.952Second, with my coaches Like those are the people that, like I'll be at their funerals and they'll be at mine, because we were in the trenches fighting the battle, winning the fights, putting that flag in the ground going.
00:37:26.952 -->
00:37:28.976How did we do it, holy crap?
00:37:28.976 -->
00:37:30.621We're crazy enough to do this again.
00:37:30.769 -->
00:37:38.864Yeah, well, and and you're going to hear as a coach, or I hear somebody say I've never shared that with anybody.
00:37:38.864 -->
00:37:51.545Yeah, this is the only place I can talk like this because, look, I can't go home and say, oh man, I had a crappy day, I think I'm going to lose this business.
00:37:51.545 -->
00:37:54.277Yeah, okay, my home doesn't want to hear that message.
00:37:54.277 -->
00:37:54.858No, they do not.
00:37:54.858 -->
00:37:55.960My employees don't want to hear that message.
00:37:55.960 -->
00:37:56.385No, they do not.
00:37:56.385 -->
00:37:57.775My employees don't want to hear that message.
00:37:57.896 -->
00:38:00.869If anything, it causes problems that you have to put time and attention on.
00:38:00.891 -->
00:38:05.320Yeah, exactly, and so it's a place where you can show up and just be.
00:38:05.320 -->
00:38:14.052Yeah, I don't care if it's a hot mess, I don't care if you're just celebrating whatever success it is, but it's a place where you can be.
00:38:14.052 -->
00:38:23.480You know, you said something interesting, will, is that you said I'm building a company, so I need a totally different coach.
00:38:23.480 -->
00:38:28.295Yeah, will, you need to be a totally different Will, exactly.
00:38:28.315 -->
00:38:36.947Will today cannot run a business that's doing 4,444 families out of poverty, exactly.
00:38:36.947 -->
00:38:46.690So you've got this journey where you have to step into things that you suck at until you're good at it or learn to delegate out for yeah.
00:38:46.992 -->
00:38:58.041Yeah, and, and you, you have to grow into the leader that can run that kind of a business and that kind of a team and that kind of inspiration.
00:38:58.041 -->
00:39:12.536And so somebody you're saying, instead of doing it yourself the long way, the hard way, you're saying I'm going to have somebody that's going to help me get there a guide yes, okay, to do it successfully.
00:39:12.536 -->
00:39:15.353And you know it's we think about.
00:39:15.353 -->
00:39:16.797Oh, I get a guide to get to the summit.
00:39:16.797 -->
00:39:17.438No, you don't.
00:39:17.438 -->
00:39:25.617You get it to, so you end up in your end goal and, as I said earlier, in climbing, your end goal is always back home.
00:39:25.617 -->
00:39:29.684Yeah, man, so it helps you because it's never perfect.
00:39:30.949 -->
00:39:43.606It's like what a beautiful analogy that you just painted there, because what I'm excited about when we get to that 4,444 families is who I'm going to become in addition to those families.
00:39:43.606 -->
00:39:52.523It's like what you said was so dead on, so much so that when I just engaged this coach on Monday, just before you and I met, you saw I was meeting with my leadership team.
00:39:52.744 -->
00:39:52.885Yep.
00:39:53.409 -->
00:39:55.213The conversation I was having with them, steve, was.
00:39:55.213 -->
00:40:08.960I said listen, we've got the path now because I don't have to have a coach to do there, but it would take me decades longer and those families need my help now and, frankly, my kids need the CEO of that company to be the leader who he's going to become for their benefit too.
00:40:08.960 -->
00:40:10.572Right, that's where balance comes in.
00:40:10.572 -->
00:40:20.565That's a different discussion, but it's one of those where I told my team I need to know that you guys are willing to change too, because what I said literally before we walked in I don't believe in coincidence.
00:40:20.565 -->
00:40:22.693I said to them I am not the leader.
00:40:22.693 -->
00:40:24.659I said I'm a leader to get us to 10 million.
00:40:24.659 -->
00:40:29.054I'm a leader to get us to roughly 400 people.
00:40:29.054 -->
00:40:30.355I can get us there now.
00:40:30.355 -->
00:40:34.581I put enough decades of coaching into it where I can get us to there and I've done that before.
00:40:34.581 -->
00:40:37.224What I'm not is the person to 10 X that.
00:40:37.224 -->
00:40:40.228And for me I said are you guys willing to join?
00:40:40.228 -->
00:40:42.576I said this are you willing to join me on this journey?
00:40:43.117 -->
00:40:47.318But, going back to our initial discussion, what that did for them is it creates two things.
00:40:47.318 -->
00:40:49.744Who doesn't want to go to the?
00:40:49.744 -->
00:40:55.634A players want a company like that, where they're going to be challenged but they're also gonna be compensated accordingly, sure.
00:40:55.634 -->
00:40:58.056My exact words were Steve, I'm like I'm going to achieve this summit.
00:40:58.056 -->
00:41:00.097I want you guys to come with me.
00:41:00.097 -->
00:41:12.248It's going to be harder than anything else we've ever done and I want to make sure that when we're on that summit, that you are there with me, both in terms of who we've become, and are compensated accordingly.
00:41:13.389 -->
00:41:15.333I said it just like that and immediately their eyes lit up.
00:41:15.333 -->
00:41:18.541Not because of the money, but it's two sides of the same coin.
00:41:18.541 -->
00:41:23.860It's the vision, and now I'm running their way that way and I hope they'll stay with me.
00:41:23.860 -->
00:41:42.818I'm sure these people will, but it's one of those where it's like I don't get to choose if they do that or not, but I minimize my risk by doing this than staying the same and fixing their problems Like it's just not even in the same realm of possibility Not everybody who joins you will finish with you.
00:41:43.077 -->
00:41:44.259And that's just a reality.
00:41:44.259 -->
00:41:45.920There are some people.
00:41:45.920 -->
00:41:47.239They have their bandwidth.
00:41:47.239 -->
00:41:51.943You know they have tolerance, I'm really good at working in small companies.
00:41:52.463 -->
00:42:01.407I'm really good at working at large companies, or I'm really willing to go from being good at working in a small company to working in a big company.
00:42:01.407 -->
00:42:08.811Yeah, because it's going to change.
00:42:08.811 -->
00:42:12.014It's going to require everybody to change as you grow, or you're going to have to find new people, right, and so it's.
00:42:12.014 -->
00:42:18.260You've invited and opened the door for people to choose to go with you.
00:42:18.260 -->
00:42:21.161Yes, and you're going to choose those who do.
00:42:21.161 -->
00:42:25.947You've chosen your team and says I'm inviting you to go with me and that's a key thing.
00:42:25.947 -->
00:42:27.813Yeah, owners need to understand.
00:42:27.813 -->
00:42:33.304You're on a journey and you and you alone get to choose who goes with you.
00:42:33.304 -->
00:42:40.132And if you don't like the people who are on your bus, make a decision and change it.
00:42:40.132 -->
00:42:46.094It's hard, it's scary, especially when you like them, especially when you don't think you can hire anybody else.
00:42:47.438 -->
00:42:47.960Even bigger.
00:42:47.960 -->
00:42:54.521Because we stick with people that we tolerate or like, who are just able to do a baseline thing, that we don't know how to replace.
00:42:54.521 -->
00:42:57.057But when you get people who are on board with you.
00:42:58.092 -->
00:42:59.478It changes everything.
00:42:59.478 -->
00:43:05.996It changes your operations, it'll change your peace of mind, it'll change how you lead, it'll change how you enjoy your business.
00:43:05.996 -->
00:43:08.378It changes everything.
00:43:08.378 -->
00:43:21.141So I think right now, one of the biggest constraints and the biggest assets is can you hire the people you need and want to build whatever it is you're building?
00:43:21.141 -->
00:43:24.717Yes, there's enough patience out there, there's enough business opportunity out there.
00:43:24.717 -->
00:43:26.456There's enough of everything.
00:43:26.456 -->
00:43:32.297Can you find the right people and bring them on board and can you present that vision?
00:43:32.297 -->
00:43:32.980And that's what you did.
00:43:32.980 -->
00:43:38.157You won over the hearts and minds of your people in just that meeting.
00:43:38.157 -->
00:43:41.003Say this is where I'm going, do you want to go with me?
00:43:41.003 -->
00:43:45.139And when they're saying, yes, that's powerful.
00:43:45.420 -->
00:43:46.666Yeah, and it's you know, guess when.
00:43:46.666 -->
00:43:47.208That guess where?
00:43:47.208 -->
00:43:50.641That vision occurred in a 20 minute meditation about a year ago.
00:43:50.641 -->
00:43:56.400So, like the main thing that has probably dialed in my best people, and there's all those things we talked about.
00:43:56.400 -->
00:44:06.563Maybe the people who get us here aren't the people who get us there, but when people in my company, from my experience, are so committed to the vision and what's best for all, there will always be a home for them.
00:44:06.563 -->
00:44:21.869It may not be the home that they initially wanted or dreamed they could be, because if they're not capable, that's a hard discussion but there's always going to be somewhere in our company for people who are committed and doing the best that they can, absolutely.
00:44:21.869 -->
00:44:26.840But that big work, the work that is going to produce 10x the outcome, came from changing how I perceived about work.
00:44:26.840 -->
00:44:32.260It was like, no, it's not about work, it's about what's productive and what's the impact, like you say.
00:44:32.260 -->
00:44:36.376Well, meditation created impact and it's like when we feed ourselves.
00:44:36.791 -->
00:44:41.563So the one thing I do want to hit really quick I've been learning about this thing called a um.
00:44:41.563 -->
00:44:43.789It's called a healer mindset.
00:44:43.789 -->
00:44:47.449It's an actual psychological term that I've seen psychologists discuss online.
00:44:47.449 -->
00:44:50.599So this is an actual mindset you can test for.
00:44:50.599 -->
00:44:54.418So psychologists will test people to see if they have a healer mindset.
00:44:54.418 -->
00:45:04.668It is not for healthcare providers alone but, as the name implies, the vast majority of healthcare providers are in it, and I want you to look into this, steve, because maybe we'll do another podcast on it.
00:45:04.668 -->
00:45:12.842Oh, that'd be great, because the healer mindset it would be so, by the way, that would be so in tandem with what we're talking about, because we're talking about mindset and the thinking like a CEO.
00:45:16.949 -->
00:45:19.869Well, the mindset that's getting in our way is the healer mindset, because it's it's paralleled with people who don't number one set boundaries.
00:45:19.869 -->
00:45:21.838That's like the number one defining week.
00:45:21.838 -->
00:45:43.318It's a very positive thing, by the way, wanting to heal others, but the thing they struggle with, by definition, is setting boundaries for themselves, being and it's very prone to a victimization mindset of people who are like, oh man, no one's working as hard as me and no one can help me and I don't even know how to help myself and I'm so tired and I don't even have time to work out and I, you know all these things that I've I've been through and I've coached through.
00:45:43.318 -->
00:46:00.599Yeah, yes, so that healer mindset is such a big thing, because when we put boundaries on it and we change how we think and I realized that I'm healing 4,444 families and if I don't have the right team on the bus, I'm not healing, I'm hurting and I'm going to hear.
00:46:00.759 -->
00:46:09.753By the way, I'm going to heal my, I'm going to help my team become their own healers and that's my job not to heal them, but to help them heal themselves, like that I mean.
00:46:09.753 -->
00:46:11.916So I'm actually living within that I am.
00:46:11.916 -->
00:46:13.518By the way, in case you haven't caught, I took the test.
00:46:13.518 -->
00:46:18.903I'm a strong healer mindset, so for me, it's like I can actually thrive in that as a CEO.
00:46:18.903 -->
00:46:27.670But I think in our industry Steve, I thought about this with PTs it is the cancer.
00:46:31.329 -->
00:46:34.001Unboundaried healer mindset is the cancer to our healthcare provider business owners.
00:46:34.001 -->
00:46:48.615When you combine the arrogance and this is mine, I did this the arrogance of I can help that person, yes, I can heal that person to use your language, yeah, and they don't want it, they have to want it Then we can do something with it.
00:46:48.615 -->
00:46:54.583But if it's unbounded, we tolerate so much garbage.
00:46:55.431 -->
00:46:56.952So much garbage as an industry.
00:46:56.952 -->
00:46:58.498It's showing up in our reimbursement.
00:46:58.778 -->
00:46:59.320Absolutely.
00:46:59.320 -->
00:47:02.809Oh, don't even get me started there, that's a whole nother conversation.
00:47:02.951 -->
00:47:10.757But it begins with that mindset Going back to this conversation, that healer mindset no boundaries, Okay Medicare, you want to drop the okay, Like we're just, we're victims.
00:47:10.757 -->
00:47:12.231We're also like these pleasers, but yeah, yeah.
00:47:12.231 -->
00:47:12.893And these pleasers, but yeah.
00:47:12.913 -->
00:47:18.943Yeah, and and it wasn't until I finally said I can't tolerate this money.
00:47:18.943 -->
00:47:31.070And it was more of my, the embarrassment I had with my team because they're looking at me like Steve, do something, anything, I don't care what, do something.
00:47:31.070 -->
00:47:52.121And I'm like, okay, I finally have to do this because I didn't want to deal with the difficulty, uncomfortableness of important conversations that may be hard, right, and then when that person finally left, it changed the team, it changed the dynamic and to 100% of this Will.
00:47:52.121 -->
00:48:07.077Every time and everyone has to go through this it's just a lesson you have to learn in this industry I guess, yeah, but every owner that has gone through this it's like the knee replacement and somebody says, says, why didn't I do that sooner?
00:48:08.061 -->
00:48:09.164yeah.
00:48:09.585 -->
00:48:10.829I'm so much happier.
00:48:10.829 -->
00:48:12.135My stress levels have gone down.
00:48:12.135 -->
00:48:21.695My team I have team members that have come up to me said thank you, or others said I've been waiting to see how long it would take you to make this decision.
00:48:21.695 -->
00:48:25.246They're watching, they know it, you know it, but we're not willing to make this decision.
00:48:25.246 -->
00:48:29.217They're watching, they know it, you know it, but we're not willing to make those decisions.
00:48:29.217 -->
00:48:42.958And sometimes it just takes somebody that holds a mirror up, a coach, a coach and says, okay, I want an email by Friday Tell me that you made that decision, and you're like but they do it.
00:48:42.958 -->
00:48:47.425And then it's like, yeah, it's hard, it's uncomfortable, but they get back and say everything's so much better.
00:48:47.987 -->
00:48:48.146It's.
00:48:48.146 -->
00:48:49.489You know what it is, it's all hard.
00:48:49.489 -->
00:48:53.643I think rock stars I want you to hear this it's all hard, it's okay, it should be hard.
00:48:53.643 -->
00:48:58.126Like even the good things are especially hard, but the hardness is no matter what we choose.
00:48:58.126 -->
00:49:04.648Like like eating, workout and I'm putting myself in shape and I'm controlling my diet and I'm really religious about it.
00:49:04.648 -->
00:49:06.250That's really hard.
00:49:06.250 -->
00:49:08.951Not doing that is hard.
00:49:08.951 -->
00:49:15.052In the exact opposite way being stuck with my weight, not playing with my kids, going to the doctor, taking medication.
00:49:15.052 -->
00:49:17.054So we pick our hard.
00:49:17.556 -->
00:49:23.597And a coach just like using this analogy of of being beginning into shape, that's what we do with coaches in business.
00:49:23.597 -->
00:49:30.476They train us mentally and so like it's it's.
00:49:30.476 -->
00:49:33.449It's a great analogy because people who get into great shape they've done studies, they show they think of themselves differently.
00:49:33.449 -->
00:49:39.704So if my goal is to lose 10 pounds, I don't have a high probability of of executing on it.
00:49:39.704 -->
00:49:50.543When my goal is to become a runner, a swimmer, a triathlete, when I embody a transformation mentally, then I still need someone to say here's the running program.
00:49:50.543 -->
00:49:52.168You have it's both those things.
00:49:52.168 -->
00:49:56.545Then I become successful exponentially according to different research.
00:49:56.545 -->
00:49:57.588And that's in the book.
00:49:57.588 -->
00:49:59.376What's it called?
00:49:59.376 -->
00:50:02.023Not micro habits, atomic habits.
00:50:02.043 -->
00:50:02.583Atomic habits.
00:50:02.583 -->
00:50:05.077Thank you, that's what's in the book Atomic Habits.
00:50:04.998 -->
00:50:05.461So same with coaching.
00:50:05.461 -->
00:50:06.516If that's that's, that's what's in the book atomic habits, so same with coaching.
00:50:06.516 -->
00:50:11.199If we can get into a coaches, get with a coach, that help us, we're exponentially more because we have accountability.
00:50:11.199 -->
00:50:16.942So it's hard to have a coach pull out those things and show you that you you're failing at and you're not choosing to address it.
00:50:16.942 -->
00:50:19.286But my gosh, is it so in my mind?
00:50:19.286 -->
00:50:23.880So much harder to not have to to go through those crucial conversations and face a mirror.
00:50:24.202 -->
00:50:35.251So transitioning from I'm a PT who owns a clinic to I'm a business person who happens to be a PT, or I'm an owner-operator to, I'm a CEO, ceo.
00:50:35.251 -->
00:50:54.300These are all changes and, okay, here's where mindset is really important is because when I finally adopt that mindset that I'm a CEO, when I finally adopt that mindset that I'm a CEO, it changes everything I do and how I see the world and how I see my team and what I'm focused on.
00:50:54.300 -->
00:51:08.038And we could hammer all the right strategies and until you make that shift, it's going to be resistance, yes, but once you make that change, all those other things the numbers, the strategies, everything like that just become that much more powerful.
00:51:08.038 -->
00:51:13.235So you have to have both to really accomplish what that dream is.
00:51:13.235 -->
00:51:18.527And and it's possible, I'm seeing it today People say, oh, you know, I can't do it.
00:51:18.527 -->
00:51:21.360This PT's, you know, whatever.
00:51:21.420 -->
00:51:23.023Yeah, they've tried everything they think they do.
00:51:23.322 -->
00:51:26.108Yeah, and the reality is people are doing it.
00:51:26.108 -->
00:51:31.585A practice owner is getting paid 70 bucks a visit.
00:51:31.585 -->
00:51:39.47430, 40% of his business was an HMO and it's like, oh, I can't drop this, what am I going to do?
00:51:39.474 -->
00:51:40.577It's so hard.
00:51:40.577 -->
00:51:44.903And on and on and on and finally we just said just drop it.
00:51:44.903 -->
00:51:46.900Drop the HMO.
00:51:46.900 -->
00:51:48.699Yes, will they do it?
00:51:48.699 -->
00:51:51.581I don't know why don't you just do it and find out?
00:51:52.615 -->
00:51:53.639And so and I.
00:51:53.639 -->
00:51:55.465There was more behind it.
00:51:55.465 -->
00:51:58.202But yeah, there's more behind it, but it came down to that simple of decision.
00:51:58.635 -->
00:51:59.641Yes, take action.
00:51:59.641 -->
00:52:08.900And when that contract termination went into effect, I get an email next week that says my schedule is still full.
00:52:08.900 -->
00:52:12.083Yeah, next week I'm still here.
00:52:12.083 -->
00:52:17.275It hasn't blown up, and so they're making a change.
00:52:17.275 -->
00:52:41.326They took control back and said we're not going to accept this kind of payment anymore because we value who we are and what we do, and I think that's something that we need to do more of in our industry is to value what we do, and if it means that we go out of network, go out of network, totally Be bold, but again having a coach on the sidelines of the football team helping us guide us.
00:52:41.385 -->
00:52:43.835There is so much better than being alone.
00:52:43.835 -->
00:52:47.822And what's crazy is we need support entrepreneurs on two levels.
00:52:47.822 -->
00:52:51.028We need, I believe, a mentor coach at all times.
00:52:51.028 -->
00:52:59.927The best leaders in the world all have that, except for the ones at the very top of the chain, but even then, people like Steve Jobs, Jeff Bezos they've all had coaches intermittently.
00:52:59.927 -->
00:53:02.259But you also need that leadership team.
00:53:02.259 -->
00:53:04.704You need that people underneath you who are strong and powerful.
00:53:04.704 -->
00:53:07.630So when you get both of those things, you are unstoppable.
00:53:07.630 -->
00:53:12.606Your only limitation is your capability of envisioning the future you want.
00:53:12.606 -->
00:53:17.983If you have a strong leader, a mentor, a coach, you have a great leadership team underneath you.
00:53:17.983 -->
00:53:20.403You're only limited by your vision.
00:53:21.456 -->
00:53:26.266That's an interesting thought, because we build businesses nine times out of 10.
00:53:26.266 -->
00:53:31.851If you were to go look at any of the practice owners, most of them are just building from where they are.
00:53:32.735 -->
00:53:35.813Yeah, and just trying to survive spinning plates, it gets bigger.
00:53:35.813 -->
00:53:39.684Okay, I got to add a new therapy Pain avoidance versus proactive, yeah.
00:53:40.094 -->
00:53:47.277So, approach from the standpoint, can I envision what it is that I want to create and create from that space?
00:53:47.277 -->
00:54:09.364Yes, create towards your vision, you know, create it mentally, create spiritually, and then work towards that creation, because you've already figured it out in your head, right, and the more you work on that, the more clear it gets, the easier the actual building becomes, because you've already done the hard work.
00:54:09.364 -->
00:54:10.815You're just bringing it to life.
00:54:10.815 -->
00:54:15.784So I love that you have a vision of 4,444.
00:54:15.784 -->
00:54:22.804You have a vision of what that's going to look like, and so now it's just a matter of going and creating it with your team.
00:54:23.885 -->
00:54:37.661And that's why I was willing to flip the bill for this massive coach and dip into my savings and all the things, because I know from my micro growth up to that five to 10 million mark of what it's like to do.
00:54:37.661 -->
00:54:40.541All things are patterns, it's pattern recognition.
00:54:40.541 -->
00:54:46.338So it's not that I know what it takes to get to 100 million, but I know the pattern of growth and the pattern for me.
00:54:46.338 -->
00:54:48.244Strong leadership team check.
00:54:48.244 -->
00:54:50.197Now I've got the strong coach check.
00:54:50.197 -->
00:54:51.621Let's rock and roll.
00:54:51.621 -->
00:54:52.641Is it going to be hard?
00:54:52.641 -->
00:54:54.365Absolutely Everything's hard.
00:54:54.365 -->
00:54:55.608Anyway, suck it up.
00:54:55.608 -->
00:55:00.099Go back to work, like when I have the purpose and the vision clearly defined for myself.
00:55:00.099 -->
00:55:04.206Steve and I have the right support with like a Steve Allred and a leadership team like I do.
00:55:05.228 -->
00:55:12.282I sleep at night every night, because at a certain point you do get to a point of financial wealth and accumulation to where you just no longer feel in scarcity.
00:55:12.282 -->
00:55:18.717It would take a lot for me at this point because I've built up layers of investments, but for me it's like I don't even I'm so focused.
00:55:18.717 -->
00:55:27.360I'm able to focus now on the future to where it's like okay, let's go and it's going to suck, but it'll be worth it.
00:55:27.360 -->
00:55:27.521Versus.
00:55:27.521 -->
00:55:27.740This sucks.
00:55:27.740 -->
00:55:28.764I don't know if it's ever going to change.
00:55:28.764 -->
00:55:30.509I never want to be in that place again.
00:55:30.509 -->
00:55:31.900Right, this sucks.
00:55:31.900 -->
00:55:33.429I don't know if it's ever going to change.
00:55:33.429 -->
00:55:35.356It's been years, decades and I'm still.
00:55:35.356 -->
00:55:38.000Maybe I'm marginally better, but never.
00:55:38.000 -->
00:55:50.166The biggest thing I've learned in that process is to not invalidate myself and that it's okay that we all feel that way at times, or a lot of times, but if we can see the path and get the right support, nothing is impossible.
00:55:50.675 -->
00:55:58.481You know, one of the approaches I take is that business they have to create a operational integrity and financial clarity.
00:55:58.481 -->
00:55:59.382That's the foundation.
00:55:59.382 -->
00:56:01.916If you don't have those two things, start there.
00:56:01.916 -->
00:56:04.288Start building your management systems.
00:56:04.288 -->
00:56:08.246Meaning, how do I oversee billing and making sure that it gets done right properly?
00:56:08.246 -->
00:56:15.344Sure, and then you have your leadership that oversees that, which allows you to step into that space of more time freedom.
00:56:15.344 -->
00:56:20.744But then you, from there, you get into that investor role and say where do I want to invest?
00:56:20.744 -->
00:56:21.666Investor role.
00:56:21.755 -->
00:56:22.639I'm an investor.
00:56:23.061 -->
00:56:31.164I invest my time, my talents, my resources, my passions into things that are meaningful to me for the remainder of my life.
00:56:31.164 -->
00:56:33.628To me that's the pinnacle.
00:56:33.628 -->
00:56:35.518I want to become that investor.
00:56:35.518 -->
00:56:39.797I want to help people become that investor so that they can say what is meaningful to me.
00:56:39.797 -->
00:56:53.190Sometimes it's going to be going on vacations, sometimes it's going to be flying to first class to Europe, or it's going to be going to be creating opportunities that liberate 4,444 families from poverty.
00:56:53.190 -->
00:57:07.789Because you can do that the rest of your life, because you're now in a position where you have built this machine behind you where you can invest in something that's meaningful, and I'll tell you, for me, that whole idea.
00:57:07.789 -->
00:57:12.166I can do that until I'm 90 or I'm no longer competent to do anything.
00:57:12.474 -->
00:57:12.835Totally.
00:57:12.835 -->
00:57:16.023I don't want to retire Exactly.
00:57:16.023 -->
00:57:20.181I want to be so passionate and engaged in things because I've seen the heart of being stagnant.
00:57:20.181 -->
00:57:21.465I don't want to be that hard.
00:57:22.135 -->
00:57:25.239And it gives you a reason to get up, it gives you a reason to live.
00:57:25.239 -->
00:57:32.148And if we just keep going, you know, out here in Arizona there's there's this height called flat iron.
00:57:32.409 -->
00:57:34.291Yeah, oh yeah, familiar with it, I've done it.
00:57:34.635 -->
00:57:38.487So I did that the first time when I moved here 12 years ago.
00:57:38.487 -->
00:57:43.400I finished it and went back to bed for four hours because I was exhausted.
00:57:43.400 -->
00:57:46.697It's 3,000 feet elevation gain and three and a half miles.
00:57:46.697 -->
00:57:50.224Yeah, if you think, oh, that's too hard, things are too hard.
00:57:50.224 -->
00:58:01.137I'm hiking down Flatiron and it's I mean you're, it's almost like bouldering just about you know you're climbing, okay, um, one of the most exhausting things I've done.
00:58:02.177 -->
00:58:06.920Up comes this gentleman and he has this t-shirt that says flat iron gym on it.
00:58:06.920 -->
00:58:10.842I don't know if you know who flat iron gym is If you don't go look him up.
00:58:10.842 -->
00:58:12.583Okay, he's 91.
00:58:12.583 -->
00:58:24.009He's 91 hiking up a trail that most people do it once is considered a bucket list and he's doing it all the time.
00:58:24.009 -->
00:58:24.949And he's doing it all the time.
00:58:24.949 -->
00:58:31.311And literally the last bit, as you know, is about a 15, 20-foot climb straight up.
00:58:31.311 -->
00:58:32.793You have to boulder up to get it.
00:58:32.793 -->
00:58:33.532And he does that.
00:58:33.532 -->
00:58:35.740And I said, jim, how do you do this?
00:58:35.740 -->
00:58:44.119And he says you know what, when I was in my 20s, I was a paratrooper and I've never stopped Interesting, I've never stopped.
00:58:44.119 -->
00:58:52.248And so in his attitude, when I first met him, he had a T-shirt that says 58, or on the front and on the back it says 85.
00:58:52.248 -->
00:58:52.829You choose.
00:58:53.670 -->
00:58:55.052In his mindset he's 58.
00:58:57.954 -->
00:59:01.726And so we keep pursuing those things, we keep investing in that life and getting into that spot.
00:59:01.726 -->
00:59:07.987It gives us a runway of meaningfulness that we can do that for as long as we want.
00:59:07.987 -->
00:59:16.623We don't have to do it, you know, 40, 60 hours a week, but we have something of meaning and that's to me that's a pinnacle.
00:59:16.623 -->
00:59:18.501That's where I want to see owners get to.
00:59:18.561 -->
00:59:21.884Yes, that investor level to where they can say, okay, now what?
00:59:21.884 -->
00:59:22.565What do I want?
00:59:22.565 -->
00:59:27.820What's meaningful to me, what impact do I want to have on the world and the people around me?
00:59:27.820 -->
00:59:30.226And to me, that's, that's just, that's the best.
00:59:31.376 -->
00:59:32.980Steve, this has been such a great conversation.
00:59:32.980 -->
00:59:34.523Um, the mindset piece.
00:59:34.523 -->
00:59:41.838I want to leave the rock stars with this idea of getting in the mirror, looking in themselves in the eye and saying I'm a leader investor first.
00:59:41.838 -->
00:59:44.985Yes, I am a physical therapist or whatever.
00:59:44.985 -->
00:59:46.748Every title goes beyond that.
00:59:46.748 -->
00:59:57.320On the business side, I mean honestly, the first thought for me is son of God, husband, father, then investor leader.
00:59:57.681 -->
01:00:10.068Because the investor leader part they did studies to show that the best CEOs, the most successful CEOs in the country I was actually at this event that really revealed this research the mindset is that they see themselves as investors first.
01:00:10.809 -->
01:00:14.786They invest their resources into solving constraints to accelerate growth.
01:00:14.786 -->
01:00:42.981And so if we can look ourselves in the mirror, say that out loud, even, and then say I'm a PT second and just realize that every time we sign our name we put a PT, it's like, eh, that's not the main thing I am Then I think we can open up the possibility of what's out there, because, as we've laid this out, I mean I would want I hope my kids will see this episode, because this episode is all about mindset and understanding the balance between mindset and tactical approaches support the main pieces for growth and success.
01:00:42.981 -->
01:00:47.009But at the end of the day, it's about understanding that we're only as limited by our vision.
01:00:47.009 -->
01:00:49.965When we hear that at the front end of this podcast, it would feel very foo-foo-y.
01:00:49.965 -->
01:00:56.829But now when we say that, it feels very objective and tactical that we're literally only as limited by our vision.
01:00:56.829 -->
01:00:59.356So thank you so much, steve, for being on the show.
01:00:59.356 -->
01:01:00.239It's been so great.
01:01:00.239 -->
01:01:02.862If people want to get a hold of you afterwards, what did they do?
01:01:03.663 -->
01:01:04.704Um, I'll give you a link.
01:01:04.704 -->
01:01:05.764They can you know.
01:01:05.764 -->
01:01:09.349If anybody just wants to talk to me, I'll give you a link.
01:01:09.349 -->
01:01:10.311They can schedule a time.
01:01:10.311 -->
01:01:15.335We'll just talk.
01:01:15.335 -->
01:01:24.880Whether you're interested in coaching or not, let's just talk, um, because there's things that we can look at that'll help you and your business, and if in a half hour, an hour conversation, I can help somebody move the needle, then it's worth it.
01:01:24.880 -->
01:01:26.523So I'll give you that link that they can schedule.
01:01:26.684 -->
01:01:31.619Perfect, um, and uh, yeah, yeah, I love that and just want to throw my two cents out there.
01:01:31.619 -->
01:01:41.400If you're feeling even a little bit stuck out there, if you're not even sure, he's not going to hard sell you into anything, he will serve you and that's why he's been so successful is because he can help everybody.
01:01:41.400 -->
01:01:47.208But he can only serve so many people and those are your paid clients, right, and so as you're out there, that's how you vet people too.
01:01:47.208 -->
01:01:55.666As you're helping everyone, you're like I don't know if that's a good alignment for me here and there, but at the end of the day, if you're not sure what to do, validate through me, go to Steve.
01:01:55.666 -->
01:01:57.338Steve, thank you for being on the show.
01:01:57.460 -->
01:01:58.684Well, thanks, it was a great pleasure.
01:02:06.295 -->
01:02:08.382Thank you so much for taking the time to listen to today's episode.
01:02:08.382 -->
01:02:09.224As a thank you, I have a gift.
01:02:09.224 -->
01:02:11.914In today's show notes there's a link for you to join the Stress-Free PT newsletter.
01:02:11.914 -->
01:02:15.985This is a comedy newsletter for anyone who works in healthcare and of course we're going to have comedy bits.
01:02:15.985 -->
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01:02:19.050 -->
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01:02:24.001 -->
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