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The majority of the world wants jobs with good companies.
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Don't match talent to titles, match talent to task.
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So our job isn't to do the work ultimately, it's to be the creator of jobs for people who are looking for good jobs.
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Potential talent is in the right scenario, how will this person perform?
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Of course, you want to know that.
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The question is, how do you get it?
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I'm a big fan of masterminding.
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I'm in a group with other entrepreneurs, and I love learning the stories of their challenges and struggles and their wins.
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Reciprocity is what brings that amazing progress for a business.
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What's up, everybody?
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I'm Chaz Wolf, Gathering the Kings podcast, coming back to you here today with what might be a household name in your guys' world.
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He may not think so, but I've got Mike McAllowitz here on the King stage.
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Mr.
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Prophet First, keynote speaker, author of all kinds of other books, which we're gonna get into in one of your books here today, All In that's recently released.
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Mike, thanks for being here on the stage.
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Chaz, thank you so much for having me.
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The uh the opportunity to have you here.
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We don't take it lightly, so thank you for that.
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But I'm gonna jump right in.
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You just uh well, actually, I don't know your exact release date.
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When did you release this new book, All In?
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It came out, so we're recording today.
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What is on the 8th?
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It came out on the 2nd of January, so six days ago.
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Six days ago.
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I have crammed as much of the book into my brain as I possibly could, and I've got some questions for you.
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So I'm gonna just get right rolling to it.
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Before I do the book piece, though, I want to give you the opportunity just to tell us about all in, about Prophet First, just who Mike, well, you don't even you don't even say your last name because you you had this funny thing on your website about how people can't pronounce it.
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It's pronounced Mike McAllowitz.
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Well, usually.
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Click again for some let's say alternative pronunciations.
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Beer lovers call him Mike Mikkeloben Schmitz.
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Farmers call him Mike.
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My cow has tits.
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River dancers call him Mike, Mike Clogging and Splits.
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Oh, yeah, you checked that out.
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Yeah, exactly.
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Who is Mike McAllowitz?
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Give us just 30 seconds so people know who they listen to, just in case they don't know you.
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Yeah.
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Nerd.
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That's who Mike McAllowitz is.
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Just a nerd.
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Um and yeah, my last name is so hard to pronounce.
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I uh we just make fun of it.
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I love it.
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Um so entrepreneur my whole life.
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Uh not ever intended to be, but couldn't get a job out of college, became an entrepreneur.
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Um, I built and sold some companies in the tech space.
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Uh one was actually sold, I sold to a Fortune 500.
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I think the interesting part of my story, though, is I thought then I'm I'm clearly a genius.
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I'm building and selling companies.
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I lost everything just out of arrogance and ignorance.
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What I started doing, Chaz, was writing why am I failing and what do I understand about entrepreneurship?
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I thought I knew everything.
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I realized I know very little, and I still know very little, but I am desperately seeking to learn as much as I can about all aspects of entrepreneurship just to improve my own game.
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And um, it started becoming books.
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I was like, wow, I'm writing stuff that I think maybe I could share with other people.
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So when I discover something that works in my own businesses and I test it with others and it works consistently, I'm like, this has to become a book.
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That's how Profit First came about.
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That's how all my books came about, and that's how all in came about.
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I I think it's a way to help other entrepreneurs make the journey a little easier.
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Because it ain't easy.
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It ain't freaking easy, but maybe a little bit easier.
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Would you say that the listener here today is maybe hasn't built and sold companies, but they still have experiences that they should be sharing, maybe locally or even with their team?
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Oh my God.
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Yeah.
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Like there's value in everyone's journey.
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Load full transcript
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I I believe um I see life as kind of an infinity symbol, you know, a figure eight on the side.
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And I think we're all somewhere on there, we're on the exact same path.
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Like it's literally the exact same path.
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We're just in different parts of our journey.
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And I think we all have significant value to add.
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I I'm a big fan of masterminding.
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I'm in a group with other entrepreneurs, and I love learning the stories of their challenges and struggles and their wins.
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Maybe it was on finding that perfect candidate that I couldn't find, or maybe it was going through a lawsuit or something.
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Um, those are just as valuable, if not more, than someone who's sold their business or something.
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So uh, whatever you've experienced, there's extraordinary value there.
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And it's not just for supporting others, it's your own journey.
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You're every challenge you have is a learned opportunity.
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Yeah.
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I agree with you.
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Um Gather in the King started off as a mastermind before the podcast even came about.
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And so that experience that you're talking about of just what we define just genuine owners who want to come to the table, kind of take off the crown, is what we say.
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And they're just sharing.
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I had I was doing events a couple years ago, and it's like they didn't really want necessarily.
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I mean, of course, speakers are great, you know, the names are great.
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They wanted just to be with each other and share.
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It's powerful.
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Yeah.
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Well, because we're kind of weird out, Jazz.
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Like, I I yeah, I I didn't think we were, but we are.
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I um I ran um some stats and I found that only 17% of the population will ever operate or own a business.
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17%.
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But here's the crazy one.
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Only 20% will do it on a sustainable basis.
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So after five years in business, only about 20% of those 17% will be sustaining, making enough income to support employment of others.
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That's 3%.
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3%, 2517, of the population runs a healthy, sustainable business.
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That's the weirdos.
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The majority of the world wants jobs with good companies.
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So our job isn't to do the work ultimately, it's to be the creator of jobs for people who are looking for good jobs.
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Yeah.
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Yeah.
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I saw that.
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That was actually a line from your book is that our job is to create jobs.
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Create jobs.
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Yeah, love that.
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Uh multiple of my companies use profit first.
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So thank you for that.
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Just from over here to the side saying thanks.
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I appreciate you.
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But let's jump in here because you've already kind of introduced uh this idea of the mastermind.
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Um, but you talk about it in your book as the idea of building community first or building community over culture.
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So let's let's just present this.
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What is community to you versus culture as a buzzword, buzzword?
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Let's let's jump right in.
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Yeah, it's a big buzzword.
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And I I was a big buyer into it.
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So, what culture was typically defined is what are the set of established values you have, often called core values or immutable laws, these these percent, these ways you see the world.
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And when you hire people to bring in people that share common values.
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But what I realized is it causes the siloing effect.
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We start hearing the yes ands, we start getting clones of ourselves.
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The strongest communities, and I'm not just saying in business, but in the world, are ones that are diverse because it brings in different perspectives.
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The blinders are removed.
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In my own business, I remember uh I'll never forget this.
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This was about two years ago.
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We had a retreat, and there's about 20 of us together, and uh we were talking about the values I had.
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And I said, one of the big values, and it's kind of funny, is no dicks allowed.
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And uh what I mean by this is I don't think life uh there's enough time in life to deal with dicks, to deal with people who are rude, but also for me to be a dick, that's not permittable.
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And I shared this with my team, and I remember one of my colleagues, Kelsey, looks at me and says, gosh, that's so broy, Mike.
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Um, that's not who we are.
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Perhaps that's who you are.
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She goes, I understand what you're saying, but that's not the way I want to
phrase it.
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Um, we are going to be the Ted Lasso of companies.
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We want to be the eternal optimist and supporting people because we do believe in every individual and every team.
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And it became the be the Ted Lasso.
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It was this collective philosophy.
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So to bring about culture, we actually have to evaluate our existing community and encourage diversity and then understand what our collective essence is, and that becomes our values, not the leaders' values thrust upon others.
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Yeah, you you phrase it like this in the book.
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You said culture is I am, so we are, and community is we are, so we are.
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Exactly.
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That's the difference.
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Okay.
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And so as someone's listening here today and they're thinking about making their first couple of hires, or maybe they're 200th higher, how how are they thinking through the lens of community versus what they probably already have if they're a larger company, culture uh, you know, identified with core values and all the things that you just said were good, but like maybe not community.
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Or the other guy's like, I've never even thought about core values.
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I'm just making my first and second hire.
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How are they thinking community?
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Yeah.
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Well, values emanate from experience.
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So the challenge would be to say, I want someone with different perspectives from their values.
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Like, you know, we believe X, so we want someone else that believes Y, so we can find common ground.
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That'd be nice, but that's not really doable.
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But diverse background and experiences is what brings around different values.
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So instead of saying, I want someone with the exact same background as we have now filling this role, I want someone with a different background filling this role.
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And you actually strengthen the way that role served because now you have someone with a different perspective.
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So that's how I do it.
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Look for diverse background of experiences.
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And I'm not saying work experiences, I'm saying life experiences.
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Yeah, and I'm gonna get to that in the hiring process here in a second because you identify that as well earlier in the book.
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But we've done this with Gathering the Kings from a mastermind perspective.
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And it sounds like
maybe you're the group that you're part of as well.
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It's like where you can have an HVAC group or you can have an author group, I'm sure.
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But if you can get collectively around other entrepreneurs from other industries, different ages, different types of businesses, different parts of the country, you have perspective, which is really true agitation of thought.
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And it goes back to the actual definition of what a mastermind probably is from Napoleon Hill.
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Is that kind of how you're thinking this?
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Yeah, that's exactly what I'm thinking.
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Um, there's an echo chamber effect when I'm in an author.
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I do have an author group.
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And it's funny, it's there's only three ways to market your books when you're in this author group.
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The second I'm in a group with an HVAC guy, and ironically, I'm in a group with an HVAC, an electrician.
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He's does a suite of home services and others.
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The ways to market my book business now is a plethora of things.
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It's hundreds of ideas.
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So that and I know other people listening in have experienced this.
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When you when you find clones of yourself, you hear clones of what you're thinking, and that's that's the blinders on.
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Yeah.
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Okay.
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So going back to the hiring process, you kind of just described looking for different experiences.
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You you kind of talk about in your book the difference between experience and intangibles as we're going through the hiring process and bringing on new new members.
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I'm gonna get to your A, B, and C format here in a second because that's just gold.
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But the the intangibles versus experience, most of the times you said we're looking for people with experience.
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We were using it just a second ago as a lens of getting other around other entrepreneurs.
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We're switching over now to the lens of hiring people, and you're disseminating experience versus intangibles.
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Give us a little bit more.
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Yeah.
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Yeah, yeah.
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So you were talking about the diversity of life experiences before, but there's also work experience.
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And the belief is that our work in the past is indicative of our work in the future.
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And there's some value to that, but you've probably experienced that where you hire someone in a resume, past work experience, and then they actually do their work and you're like not even close.
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So that is not a good hiring mechanism yet.
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That's what most businesses rely on.
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There's a second thing to look at, and it is the intangibles.
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I call them innate talent.
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And innate talent, there's tools like Myers Brig and Enneagram, there's there's talentless ones out there that are really good at showing the behavioral wiring.
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But what I explore in this book is a talent that's the most important and is the least looked at, and it's called potential talent.
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Potential talent is in the right scenario, how will this person perform?
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Of course, you want to know that.
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The question is, how do you get it?
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What you do is you run workshops.
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There is a half trillion, it's over$500 billion in revenue industry that does not do interviews.
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Uh, they don't focus too much on the Enneogram.
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What they focus in is on workshops.
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It's the sports industry.
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And uh I played sports in high school.
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I played lacrosse.
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I'll never forget, I went to a camp in Hobart.
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It's a New York lacrosse college, it's known for that, along with 300 other students.
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I was learning new skills there.
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And as I was playing, so were these other athletes, and some of them were taffed on the shoulder and said, Hey, you're demonstrating skills that would be really good and can be exploited.
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Why don't you go to this other field so we can elevate those and help you even more?
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I didn't realize not only were they helping them, they were also vetting out some athletes.
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They picked two or three kids to play at Hope Art and invited them in.
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I didn't, but I did play with collegiate lacrosse.
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And the reason I did, in part, is because the skills I learned.
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What's interesting in our business is we can run these workshops, these camps to train people, elevate their skills.
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They may even pay to come to these workshops and then cherry pick the best.
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I'll just give you one real practical example.
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Home Depot does this workshop where you build bird houses.
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I'm sure you've seen them, you know, come to Home Depot and build a birdhouse.
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What they're doing is they're using it as a recruiting ground.
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They're teaching parents, people to build bird houses, and hopefully you'll be in gradient at the store and you'll buy more from them.
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But they're also observing who participates the most, who is the uh the most eager to learn more.
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They tap them on the shoulder and say, If you ever consider working at Home Depot, we're looking for people like you.
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We need to do the same thing.
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Instead of just doing traditional interviews, what can you teach for what you're looking to hire for?
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Make that a workshop.
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And then the people who show the most desire and thirst are the ones you actually want to hire.
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You use the word thirst a couple different times in the book, which I absolutely love.
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But you say basically the maximized potential is thirst.
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And so describe thirst to us, and how does that equate to maximize potential?
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Potential reveals itself in the same three stages always: curiosity, then desire, then thirst.
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So, you know, there may be an opportunity.
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Someone's like, hey, Chaz, Mike, you guys want to go skydiving?
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We both may say, yeah, okay, curiosity.
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That's the first level of potential.
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We may be great skydivers.
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Then we show up and I'm like, I don't know if this is for me.
00:13:33.200 --> 00:13:33.759
I'm out.
00:13:33.919 --> 00:13:36.159
I'm indicating I don't have any further potential.
00:13:36.240 --> 00:13:37.840
But you may say, I want to do this again.
00:13:37.919 --> 00:13:40.480
That's an indicator of desire, desire to repeat.
00:13:40.639 --> 00:13:42.639
Thirst is where it becomes part of your identity.
00:13:42.799 --> 00:13:44.159
Like, I got to do that.
00:13:44.240 --> 00:13:45.279
This is who I am.
00:13:45.519 --> 00:13:55.600
What we're looking through for in these workshops, when we invite people to learn to experience something new, who are the people that elevate from curiosity to desire and ultimately thirst?
00:13:55.840 --> 00:13:57.679
It'll demonstrate itself pretty early.
00:13:57.840 --> 00:13:59.919
Those are the people you should consider as potential candidates.
00:14:00.080 --> 00:14:00.240
Yeah.
00:14:00.320 --> 00:14:02.080
What about the team who already exists, right?
00:14:02.159 --> 00:14:13.600
If I'm thinking through this lens of curiosity, desire, and thirst, if I'm looking at my current team, how do I kind of overlay this to determine whether maybe I don't have the right people or maybe pick out the ones that are really thirsty?
00:14:13.840 --> 00:14:14.159
Yeah, yeah.
00:14:14.240 --> 00:14:14.879
That's great.
00:14:15.120 --> 00:14:28.080
What you do is instead of using titles to match people's talents too, like I need a receptionist, and a receptionist has to answer the phone, greet Walkins back in the day at least, uh, enter data, you know, whatever the list is.
00:14:28.240 --> 00:14:31.279
What we do is we match talent to tasks.
00:14:31.440 --> 00:14:38.879
So we break all these titles into tasks and say, oh, so-and-so is really good at the data management.
00:14:39.039 --> 00:14:48.799
Yeah, he's sitting at the front desk, but is not a sociable person, doesn't make a first grade impression, it's kind of meh, but my gosh, that number, they're they're a number cruncher.
00:14:48.879 --> 00:14:53.759
So when you break talent to tasks, you start realizing you have extraordinary people in your organization.
00:14:53.919 --> 00:14:55.679
They're just mashed up the wrong titles.
00:14:55.919 --> 00:15:03.279
What happens is that we break down that pyramid structure, CEO at the top, and then you know, this the leadership team and everything below.
00:15:03.440 --> 00:15:15.360
What happens is that pyramid becomes a web-like structure where former receptionist dude is now doing a little data entry, is also doing data analytics in a different department, maybe crunching numbers in the sales department.
00:15:15.519 --> 00:15:17.840
And this web-like structure ends up being much stronger.
00:15:18.000 --> 00:15:23.519
So the lesson is again, don't match talent to titles, match talent to tasks.
00:15:23.679 --> 00:15:24.399
Yeah, love that.
00:15:24.559 --> 00:15:41.200
And so in your task maybe identification, you kind of give this ability of like rather than, or maybe mindset is rather than looking for a top performer or a high performer, you have this almost deconstruction, you call it, of take this high performer and dec deconstruct it down into tasks.
00:15:41.360 --> 00:15:46.480
Does that help us do what you just said here as far as like taking talent and matching it to a to a task?
00:15:46.720 --> 00:15:47.200
Yeah, exactly.
00:15:47.279 --> 00:15:47.519
It does.
00:15:47.600 --> 00:15:54.399
And and I and I encourage anyone listening in, if you're a microenterprise, if it's just you and whatever, um, start off with yourself.
00:15:54.480 --> 00:15:59.759
And if you got a dozen people, still start off with yourself and write down all the things that you do.
00:15:59.840 --> 00:16:10.720
And what you'll find is you may not be falling within a silo as much as leaning toward things that you like to do where you can express better capability and so forth.
00:16:10.960 --> 00:16:18.799
Then, and here's the key once you write down all the tasks, go through that and ask yourself, can I find other individuals just to do one part of it?
00:16:18.960 --> 00:16:20.799
This is the fractionalization process.
00:16:20.960 --> 00:16:24.879
I think the mistake
many entrepreneurs make is you know, I gotta find a clone of me.
00:16:24.960 --> 00:16:28.240
If I can just find another me, but another you is doing what you do.
00:16:28.399 --> 00:16:31.120
They have their own company, you know, they're doing their own thing.
00:16:31.279 --> 00:16:32.399
You're a one of one.
00:16:32.480 --> 00:16:35.679
Like we're not gonna be able to clone you, but we can fractionalize you.
00:16:35.919 --> 00:16:38.960
The second thing is once you break yourself out, this is the biggest challenge.
00:16:39.120 --> 00:16:44.480
Ask yourself, of all these tasks, which one is the easiest for me to do and I enjoy doing the most?
00:16:44.720 --> 00:16:46.240
That will be your default task.
00:16:46.320 --> 00:16:47.600
I revert to it.
00:16:47.919 --> 00:16:50.559
That is actually the first task you want to delegate.
00:16:50.720 --> 00:16:54.240
And that sounds absurd because you're good at it and it's easy and you enjoy it.
00:16:54.399 --> 00:17:00.639
The reason is a business owner's job is not to do the job, it's to be a creator of jobs.
00:17:00.799 --> 00:17:03.440
So you have to learn the discipline of delegating.
00:17:03.519 --> 00:17:08.400
And if we give something away that we enjoy doing, it's gonna be easier to give away the rest.
00:17:08.559 --> 00:17:12.559
Also, because it's easier and good at it, it's gonna be the easiest to train someone else on.
00:17:12.880 --> 00:17:14.160
Let's see them excel.
00:17:14.400 --> 00:17:18.799
Most people say delegate the hard stuff, the stuff you hate to do, that's not the starting point.
00:17:18.880 --> 00:17:20.640
That's maybe the second or third thing to do.
00:17:20.799 --> 00:17:22.640
Hey, kings and queens, Jazz Wolf.
00:17:22.720 --> 00:17:25.039
I want to talk to you about something that's super important to me.
00:17:25.200 --> 00:17:33.039
We put a lot of time and effort, we meaning myself and my team, into this podcast, into the content that goes out every single day.
00:17:33.200 --> 00:17:39.599
And if you have been getting any sort of value or insight from this, we want it to be able to reach other business owners too.
00:17:39.680 --> 00:17:53.440
So we would love if you would like, comment, share, leave a review, post, share again, all of the things on social media, on all the different platforms, or even on the podcast mediums of Apple and Spotify.
00:17:53.599 --> 00:17:59.119
We would love to be able to get our content into more hands, more entrepreneurs so they can grow their business as quick as possible.
00:17:59.279 --> 00:18:05.920
Together, we are building a community of like-minded entrepreneurs who are committed to growing their businesses to new heights.
00:18:06.079 --> 00:18:06.960
So let's do this.
00:18:07.039 --> 00:18:09.599
Let's help each other, let's help each other grow.
00:18:10.319 --> 00:18:17.440
I love the um agitation there because it you're right, it's the opposite of what many people say, and and uh probably because it's harder.
00:18:17.519 --> 00:18:23.119
Um I can only imagine, you know, having 20 years of sales experience and that being the first thing I handed off in my first business.
00:18:23.279 --> 00:18:25.119
It's like, oh yeah, I know.
00:18:25.279 --> 00:18:27.119
Now the key is there, it's also the easiest thing.
00:18:27.359 --> 00:18:28.319
So there's some complex things.
00:18:28.400 --> 00:18:33.440
Like I wouldn't say to like a heart surgeon, like, you love doing heart surgery, you're great at it, you'll do it all day long.
00:18:33.599 --> 00:18:34.880
Let's get rid of the heart surgery.
00:18:34.960 --> 00:18:35.119
Yeah.
00:18:35.279 --> 00:18:38.799
No, I I think that there's some things that are very technical and require a lot of skill.
00:18:38.960 --> 00:18:41.680
So the other question is has it has to be easy.
00:18:41.920 --> 00:18:47.119
Maybe it's the prep of the scalpel and cleaning the surgery tools.
00:18:47.279 --> 00:18:48.720
Maybe that doctor really enjoys that.
00:18:48.799 --> 00:18:52.400
Let's get that off the plate because it's easy, replicatable, but you enjoy it.
00:18:52.480 --> 00:18:57.920
We got to start breaking from doing what we naturally love to do because it's just fun and learning the power of delegation.
00:18:58.160 --> 00:19:03.839
Yeah, I think that your very simple process here of just writing it down is like, well, yeah, that's so so easy.
00:19:04.000 --> 00:19:06.880
It's just nobody has done it or or does it.
00:19:06.960 --> 00:19:08.880
And then more so you can do it for your team.
00:19:09.039 --> 00:19:11.440
Once you already have a team, you can break their stuff down.
00:19:11.759 --> 00:19:13.920
It gives you shockingly a lot of clarity.
00:19:14.079 --> 00:19:14.240
Yeah.
00:19:14.400 --> 00:19:16.319
Like I, you know, I think well, I'm an owner of a business.
00:19:16.559 --> 00:19:18.079
I just need another person that acts like an owner.
00:19:18.240 --> 00:19:21.039
No, no, that's horrible because it is so ambiguous.
00:19:21.200 --> 00:19:24.160
Once I started writing down all the things I did, oh, it was very clear.
00:19:24.640 --> 00:19:29.200
One of the things I did, which I enjoyed to do, and it's quote unquote easy, was my own scheduling.
00:19:29.359 --> 00:19:34.640
And I had a defense mechanism for saying why I need to always do my own scheduling because it's so dynamic.
00:19:34.720 --> 00:19:36.480
Like by any minute, things can change.
00:19:36.640 --> 00:19:37.279
Let me do it.
00:19:37.519 --> 00:19:38.960
But it also took up a lot of time.
00:19:39.119 --> 00:19:40.799
So that's one of the first things I delegated.
00:19:40.880 --> 00:19:41.680
And it was terrifying.
00:19:41.839 --> 00:19:43.359
I have no control over my own schedule.
00:19:43.440 --> 00:19:44.240
And it's weird.
00:19:44.400 --> 00:19:46.079
Like, literally, and it's bizarre.
00:19:46.160 --> 00:19:49.119
But my wife's like, hey, can we do date night next week on Thursday?
00:19:49.279 --> 00:19:51.519
And I'm like, we gotta ask Aaron.
00:19:51.680 --> 00:19:52.559
Uh, I don't know.
00:19:52.720 --> 00:20:02.960
And so you I sound a little bit like a heel, but I've learned that discipline of delegating that full responsibility and it's freed me up to do other things that impact my business in a positive way.
00:20:03.200 --> 00:20:04.400
Sounds like it goes both ways too.
00:20:04.559 --> 00:20:06.799
Aaron would need to communicate with your wife on the personal.
00:20:07.279 --> 00:20:07.839
And she does.
00:20:08.079 --> 00:20:08.880
Yeah, so it's funny.
00:20:08.960 --> 00:20:12.000
Like my wife and I were sitting on the couch watching Ted Lasso.
00:20:12.400 --> 00:20:17.119
My wife uh texts Aaron and says, Hey, is Mike available to go for date night on Thursday?
00:20:17.200 --> 00:20:18.319
And Aaron's like, yeah, yeah, he can.
00:20:18.720 --> 00:20:20.640
That's I I love every part about that.
00:20:20.720 --> 00:20:24.960
And if the listener is confused by that, um it it changes the game.
00:20:25.119 --> 00:20:28.079
All right, we've got a few minutes left here, and I gotta jump into your ABC format.
00:20:28.240 --> 00:20:31.680
You learned this from a co-founder of the container store, it sounds like.
00:20:32.079 --> 00:20:36.720
A equals 3B, B equals 3C, which means A equals 9C.
00:20:36.880 --> 00:20:38.960
Give us give us some some download here.
00:20:39.279 --> 00:20:40.799
Yeah, it was something that's fascinating.
00:20:40.960 --> 00:20:48.240
Uh he was talking about the container store, and uh, we had lunch together, and he was explaining how uh talented they are.
00:20:48.319 --> 00:20:52.960
What's so interesting is if you ever have an opportunity to visit a container store, you should do it.
00:20:53.119 --> 00:20:57.200
They sell, obviously, containers, um, which is the most boring subject.
00:20:57.359 --> 00:21:00.640
And Walmart sells them too, and so do other big box stores.
00:21:00.799 --> 00:21:10.000
But the engagement of the employees is off the chart at a container store and in Walmart, good luck finding an employee who's engaged, my God, that's a double good luck.
00:21:10.319 --> 00:21:15.599
Well, how does the container store who's selling the exact same things find such qualified candidates?
00:21:15.759 --> 00:21:18.079
He says, Well, we hire a players.
00:21:18.400 --> 00:21:22.160
Well, and I want to give a little asterisk, everyone is an A player.
00:21:22.400 --> 00:21:27.039
What they did was they said, what is the talent that we're looking for?
00:21:27.200 --> 00:21:30.160
Well, we need someone that's exuberant, that engages with the audience.
00:21:30.319 --> 00:21:34.480
Who are the type of people that may be excited about engaging with an audience?
00:21:34.720 --> 00:21:35.839
Actors, he said.
00:21:36.000 --> 00:21:45.759
So what we do is we reach out to people that are working off Broadway or whatever aspiring to be actors and say, listen, you can demonstrate your skills and play different characters here that are engaging.
00:21:45.920 --> 00:21:47.440
Um, who wants to socialize?
00:21:47.519 --> 00:21:50.160
Because that's a big part of the container store, that social rapport.
00:21:50.400 --> 00:21:51.599
People who are retired.
00:21:51.680 --> 00:21:54.240
Um, you want to re enter the workforce and socialize.
00:21:54.400 --> 00:21:55.839
And I said, this is the opportunity.
00:21:56.079 --> 00:22:07.519
What they made clear was that the job was a Uh, source or a means to achieve an end, to be a great actor, to re-socialize with the community or whatever.
00:22:07.680 --> 00:22:12.000
And these people are a players as a result because they can see a clear ending.
00:22:12.160 --> 00:22:15.680
But what was also fascinating was Kipps shared the cost.
00:22:15.759 --> 00:22:21.279
He said, You know, I play my employees, this was back in the day,$15 an hour, where Walmart's maybe paying$10 an hour.
00:22:21.359 --> 00:22:23.680
So that's a substantial difference, 50% more.
00:22:23.920 --> 00:22:26.079
And I said, How how can you afford that?
00:22:26.160 --> 00:22:30.400
Because 15 versus 10, it's nearly half more of the cost.
00:22:30.640 --> 00:22:39.759
He says, Well, Walmart needs to hire three B players because people who are not engaged, who don't care, who see the job as just a source of income don't care so much.
00:22:39.920 --> 00:22:44.960
It takes three of them to perform one level where someone sees this as part of their identity.
00:22:45.200 --> 00:22:48.400
So three times 10 is 30, or he's paying 15 an hour.
00:22:48.559 --> 00:22:50.240
He's like, I'm winning financially.
00:22:50.400 --> 00:22:54.960
I do want to share, and this is a big asterisk and it's important, everyone is an A player.
00:22:55.039 --> 00:23:03.359
And that may sound bizarre, but everyone has a player potential in them if they're matched up with the right role and it speaks to their identity.
00:23:03.519 --> 00:23:07.279
I am not saying that our businesses have a role for everybody.
00:23:07.440 --> 00:23:08.400
That's not the case.
00:23:08.640 --> 00:23:10.720
I'm saying that everyone is an A player.
00:23:10.799 --> 00:23:22.160
And if we meet someone who's not a fit or we can't serve them to serve their identity through our organization, as a leader of our small company, we simply give them direction and say, hey, you need to head somewhere else so you can really express yourself fully.
00:23:22.480 --> 00:23:26.079
You also said that A players are made by A leaders.
00:23:26.400 --> 00:23:26.880
Yes.
00:23:27.119 --> 00:23:32.559
So there's a great book on this called Turn the Ship Around by Captain David Marquette.
00:23:32.880 --> 00:23:41.759
And um, what's fascinating is here's the lowest performing ship was a submarine in the Navy, the lowest of hundreds and hundreds of ships.
00:23:42.000 --> 00:23:49.599
And all they did was change one person, the leader, and within a year became the number one performing ship in the entire
Navy.
00:23:49.839 --> 00:23:55.519
Now, everyone else was considered C players and B players on the ship, and all of a sudden they became A players.
00:23:55.839 --> 00:23:58.720
Well, what happened was the leader simply started to embrace them.
00:23:58.880 --> 00:24:01.039
They took on what's called psychological ownership.
00:24:01.200 --> 00:24:02.640
They started to express themselves.
00:24:02.799 --> 00:24:07.279
They saw that this was a pathway to achieve their greater accomplishments they want to achieve in their life.
00:24:07.359 --> 00:24:11.279
They saw the job as part of their identity, not as a job that they must do.
00:24:11.440 --> 00:24:13.200
And uh, well, it speaks for itself.
00:24:13.599 --> 00:24:19.039
You're spot on because there's lots of examples there of how someone can be switched out, a team.
00:24:19.119 --> 00:24:22.880
And in fact, you I could go into more detail in the book as far as just two teams.
00:24:23.039 --> 00:24:27.279
One was winning, one was the absolute bottom, and then literally just switches the leadership.
00:24:27.519 --> 00:24:29.359
Oh, yeah, that was in extreme ownership.
00:24:29.440 --> 00:24:29.599
Yep.
00:24:29.759 --> 00:24:30.240
I love that book.
00:24:30.400 --> 00:24:31.359
It's a must read.
00:24:31.519 --> 00:24:33.440
And what was interesting, that was the Navy SEALs.
00:24:33.599 --> 00:24:37.680
Um, it just happens these both are in the military, but I've seen it in all different forms of business.
00:24:37.839 --> 00:24:39.839
And it was literally, they were they were taking boats.
00:24:39.920 --> 00:24:45.279
They raced down to the on the beat, across the beach, to the ocean front, they go around a buoy and back.
00:24:45.359 --> 00:24:47.200
And this one team was dominating.
00:24:47.279 --> 00:24:57.200
They sweet and there was one team that's consistently losing, and they switched the leaders and the teams, not right away, but within two or three cycles, the team that was the worst team became the best team.
00:24:57.440 --> 00:25:01.200
What they found is that when there's a leader, they bring about a swing state.
00:25:01.279 --> 00:25:04.319
Uh, there's a brand new movie out there called The Boys in the Boat.
00:25:04.480 --> 00:25:05.680
It's about the swing state.
00:25:05.839 --> 00:25:10.000
How do you get the collective psychology where there's collective ownership over an outcome?
00:25:10.160 --> 00:25:12.079
They call it collective psychological ownership.
00:25:12.160 --> 00:25:17.680
And where you would, when a leader achieves that, the team as a whole is more than the sum of its parts.
00:25:17.920 --> 00:25:18.720
Yeah, love that.
00:25:18.880 --> 00:25:26.640
Uh, as some parting thoughts here, you describe a joy formula or a success uh kind of formula that's attached to joy.
00:25:26.799 --> 00:25:35.119
Um, give us give us what the formula is, and how did how can we, because joy sounds uh flowery or like maybe something I can do.
00:25:35.279 --> 00:25:36.480
It does, it does, you know.
00:25:36.559 --> 00:25:37.200
But we all talk about it.
00:25:37.279 --> 00:25:38.480
We talk about joy and fulfillment.
00:25:38.640 --> 00:25:41.279
The story came from the most like non-flowery dude I know.
00:25:41.359 --> 00:25:44.559
His name is Patty Cohen, and I was talking with Patty.
00:25:44.720 --> 00:25:47.039
Um, it was bad circumstances.
00:25:47.119 --> 00:25:52.559
Uh, a mutual friend of ours uh spouse passed away, and Patty gave me a ride back to the airport.
00:25:52.720 --> 00:26:01.759
He runs a$50 million company, you know, wildly successful, uh restoring basements and making them into fam caves and man caves and so forth.
00:26:02.000 --> 00:26:08.400
And uh what he said was one day he went to his team and said, we want to achieve$55 million in revenue.
00:26:08.559 --> 00:26:09.519
Good job last year.
00:26:09.680 --> 00:26:11.119
I want to achieve$55 million.
00:26:11.279 --> 00:26:15.680
His sales manager, the person responsible for sales, came up and said, Patty, it's always good.
00:26:15.839 --> 00:26:17.920
We did a good job, and now we have to do better.
00:26:18.079 --> 00:26:20.960
What if we just cared about how happy people are?
00:26:21.119 --> 00:26:23.839
And it hit Patty like a time of tongue of bricks.
00:26:24.079 --> 00:26:31.519
Every one of us has an individual version of ourselves or vision, I should say, for ourselves that we want to achieve that gives us joy.
00:26:31.759 --> 00:26:41.599
The goal of the leader, Patty explained, is to find what people want to achieve individually and make sure that their work is an expression and opportunity to achieve that individual goal.
00:26:41.759 --> 00:26:51.279
I mean, someone wants to buy a house or someone wants to learn and play guitar or learn a new language, whatever it may be, we sort of we get joy out of moving toward goals we want to accomplish.
00:26:51.359 --> 00:26:57.680
And when that happens, reciprocity kicks in and we want to be of greater service to the company because the company's helping us see achieve our own joy.
00:26:57.920 --> 00:26:58.000
Yeah.
00:26:58.160 --> 00:27:02.960
Yeah, you have you say that uh basically it's an experience of success and well-being together.
00:27:03.200 --> 00:27:06.720
You also throw in there a little caveat of uh like a multiplication times purpose.
00:27:06.799 --> 00:27:12.319
So you kind of wrap that all up in your answer there of like purpose, well-being basically is what they want, and we're helping them go after it.
00:27:12.400 --> 00:27:13.920
Do you want to add anything on the purpose side?
00:27:14.160 --> 00:27:15.680
Yeah, yeah, that's the real formula.
00:27:15.839 --> 00:27:20.000
But with the one part I want to add is reciprocity, kind of the equal sign.
00:27:20.240 --> 00:27:27.759
The more we contribute to the happiness and joy of our colleagues, the more we want to give joy and happiness to our leader.
00:27:27.920 --> 00:27:45.920
Um, I
remember my own business setting a goal for our company, but when I set the understanding I had, when I focused on the individual accomplishments of my team, and not in their job, but in their job serving their lives, like what they want to achieve in their lives, they started to focus more on the goal that I'd set as a leader for the organization.
00:27:46.079 --> 00:27:50.640
So reciprocity is what brings that amazing progress for a business when you care for your colleagues.
00:27:50.880 --> 00:27:51.759
You're an incredible mind.
00:27:52.000 --> 00:27:54.000
Book is, I mean, I just downloading.
00:27:54.079 --> 00:27:55.680
I'm gonna have to probably read it two or three times.
00:27:55.759 --> 00:27:57.279
But tell us, where can we find the book?
00:27:58.079 --> 00:27:58.880
Where can we find you?
00:27:59.039 --> 00:28:04.400
Because you offer all kinds of services and coaching and all uh opportunities for entrepreneurs to be able to connect with you.
00:28:04.480 --> 00:28:05.200
What's that look like?
00:28:05.440 --> 00:28:07.759
Yeah, wherever you buy books, if you like Amazon, great.
00:28:07.839 --> 00:28:08.799
I'd love for you to get it there.
00:28:08.880 --> 00:28:12.240
But if it where your local bookstore has it too, support them if that's what you feel called to do.
00:28:12.319 --> 00:28:13.039
I'd love that.
00:28:13.200 --> 00:28:17.920
Um, if you want to learn more about me, you can go to micemotorbike.com.
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The reason I use that nickname, no one can pronounce Mikalow, it's it's a doozy.
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But at mikemotorbike.com, you'll get all in, is there.
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You can get free chapter downloads.
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All my other books are there.
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I just write for the Wall Street Journal.
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Uh, you can get all that, those articles I wrote from them for free, um, all at MikeMotorbike.com.
00:28:35.200 --> 00:28:36.960
It's been an incredible time here with you today.
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Uh, you have been nothing but a blessing.
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So, Mike, thank you for being here uh on the Kings stage, and we will be talking to you soon.
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Chaz, thank you so much.
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Thank you for listening to Gathering the Kings today.
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I hope that you were able to pull out a few nuggets to go apply into your business right away.
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More importantly, though, I hope that you're realizing that it takes more to be successful than just being by yourself, doing it all on your own, carrying the weight all by yourself.
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What I have realized, not only in my own journey from multiple businesses and multiple different industries, and now interviewing over two or three hundred other very successful seven, eight, and nine-figure business owners, is that it's tough to do it alone.
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And so gathering the kings exists to bring together successful entrepreneurs.
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In fact, we are putting together 1,000 kings, specifically who are grateful but not done.
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We're intentionally assembling kings who fight tooth and nail for their business, family, and communities.
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And here's what we believe that in the pursuit of excellence in those areas, that it ignites within us the responsibility to govern power and forge a lasting legacy.
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So if that relates and resonates with you, and you know that you need people around you, sharp, qualified, other, very successful business owners, I want you to go to gatheringtheKings.com.
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I want you to take a look at what we're doing and see if it makes sense for you to be part of our pursuit to 1,000 kings.
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Talk soon.