This podcast discusses the vital steps for implementing models and the best practices for maintaining them. They emphasize the importance of being discerning when adopting models for success and choosing the right model for achieving desired outcomes. They also explore time blocking, tracking results, and the factors that impact model success. Lastly, they discuss the significance of implementing and maintaining models in achieving best outcomes.
Choose models based on desired outcomes and their predictability, not blindly copying others.
Implementing a model involves clarifying goals, allocating resources, scheduling dedicated work time, and measuring results.
Deep dives
Choosing the Right Model
When choosing a model, it is important to focus on predictable outcomes and not blindly follow someone else's success. Just because a company is doing well in one area does not mean all their models are effective. It is crucial to be discerning and not copy all of their models. Instead, choose a model based on the desired outcome and its predictability.
Implementing the Model
Implementing a model involves several steps. First, clarify why you have chosen the model and the specific outcomes you expect. Next, determine the minimum level of success you will accept to evaluate the effectiveness of the model. Identify the resources, time, and people required to implement the model properly. Then, schedule dedicated work time in your calendar to ensure the model is given the attention it needs. Lastly, track and measure the results to determine if the model is delivering the desired outcomes.
Challenges and Commitment
The challenges of going vertical through models include finding the right expert and being able to separate genuine experts from those offering silver bullet solutions. Committing to a model involves overcoming three failures: not sticking with it long enough to build a habit, modifying the model without a clear understanding of why it works, and modifying the model for the wrong reasons. To succeed, you must commit to the model, understand its key elements, and resist the temptation to make changes based on personal preferences or lack of immediate success.
Season 3 summits with six vital steps for implementing your models, along with some best practices for keeping them relevant. To summarize the episode (and the season) in Gary’s words, “If you want to literally lead a vertical life, a vertical business life at the highest level where you're constantly breaking through ceilings, you're going to lead a models-based business.”
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