The ONE Thing 164. Growing Your Business by Focusing on Your 20% | Chris Suarez
At the end of the day, do you feel fulfilled and content?
Imagine working hard to scale your business and having the first year where you net a million dollars. The year after, again, you net a million dollars. And then you realize something's wrong.
The person you're going to meet today is a perfect example of this. He worked so hard to build a business that could scale, that could create abundance for his people and for himself personally. He did, in fact, net a million dollars two years in a row – then he realized that he was cheating himself out of what it actually means to live a life. We're going to go on a journey to see how he began to apply the 80/20 principle, focusing on his 20% for a maximum of just two hours a day, and then brought people into his world to take his 80% so they could all live a bigger, more fulfilled life.
If you are someone who has the capacity to bring leverage into your world, then you will want to pay close attention to what Chris Suarez has to say in this episode.
In this episode, you will learn...
- [22:17] What it means to live experientially
- [24:33] What you can do if it feels like you're cheating yourself out of what it means to actually live a life
- [36:45] The habits you can acquire that will make being a great coach, being a great leader, and being a talent magnet easier or unnecessary
- [48:50] The ingredients of contentment & an exercise you can do to find your opportunity
The ONE Thing to Implement From This Episode:
Are you spending your time or are you investing your time?
So many of us go through our day unconsciously just spending our time and there is no return on the investment. We work hard, we're busy, and we wonder if we are even getting anything done. As a result, many of us are lacking fulfillment and, certainly, many of us are lacking contentment.
If you want to chance this cycle, whip out a sheet of paper and start by writing down everything you do in the day, from the moment you wake up to when you go to sleep, to get an honest snapshot of where your time is going.
Then, you can use the equations Chris shared to determine whether you are investing your time or passively spending it:
- (Activity x Time) / Choice = Money
- (Money + People) / Opportunity = Time
- Time + Money = Experience
- (Time x Money) / Experience = Contentment
You take activity times your time, or time on task over time, divided by choice, meaning you're being strategic about where that activity and time is being invested. That equals the money. And you take money plus people, leveraged over opportunity, meaning focusing on the right opportunity. That gives you time. Then you take time plus money and that gives you experiences. Then time times money over experience is what gives you the contentment.
Finally, ask yourself these questions:
Are you investing your time on the right activities? Could you be doing better? Where could you be doing a better job of investing in people? And where could you be having the people that are already in your world focusing on even better opportunities? Where could you be investing your time and money in experiences that matter? And how can you design your time and money around experiences rather than hoping the experiences just show up?
Links & Tools From This Episode
- Connect with Chris: pdxpropertygroup.com/team/chris-suarez/
- Learn more about The ONE Thing Couples Goal-Setting Retreat: www.the1thing.com/event
- Interested in getting a coach who is certified in the principles of The One Thing? Go to The1Thing.com/coaching
AWESOME FREE RESOURCES FOR YOU!
- Get more support & accountability: Join the Living Your ONE Thing Community
- The Kick Ass Guide To Accountability
- Form your first power habit with your 66 Day Challenge Calendar
Mentioned in this episode:
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