Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters

When asked if they think they’re able to 10x their current income, most entrepreneurs aren’t confident that they can. But when presented with a different way to think about it, it becomes clear that it’s actually easier to go 10x than it is to go 2x. In this episode, business coaches Dan Sullivan and Shannon Waller explain how to change your thinking so you’re ready to 10x your company’s income.Here's some of what you'll learn in this episode:The mindset shift that happens when you realize you’ve gone 10x before.Insights you can gain from your previous jumps in income.Why your team members might try to prevent change at the company.How Strategic Coach® has gone 10x more than once.Why people have to make things up to scare themselves nowadays.The difference between “status entrepreneurs” and “growth entrepreneurs.”Show Notes:Whenever someone goes 10x, they’ve gotten rid of a lot of activities they’d been doing.Going 10x means hiring people to do activities they’re great at.Growing your income means going after bigger and bigger check writers.Entrepreneurs should be using technology to expand the power of their teamwork.Growing your income might involve new collaborations with individuals outside of your company.You make up the future, but you don’t make up your past.The first time you go 10x, what you did couldn’t be predicted. The second time, you have a pattern to follow.Most people want a bigger result without having to change themselves or what they’re doing.10x is multidimensional thinking, while 2x is linear thinking.How other people went 10x is meaningless information because it’s not the way you did it.You won’t go 10x unless doing so will result in greater freedom.A 10x quantitative jump is meaningless unless it’s also a 10x qualitative jump.Entrepreneurial growth calls for constant transformation and change.Resources:The 10x Mind Expander by Dan SullivanThe Gap And The Gain by Dan Sullivan and Ben HardyArticle: “The 4 Freedoms That Motivate Successful Entrepreneurs”The Strategic Coach® Program

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.What are your time and skill worth to somebody else? The issue of pricing is the biggest hurdle to people thinking about becoming entrepreneurs because most people live their lives with someone else doing their pricing for them. In this episode, business coaches Dan Sullivan and Shannon Waller explain the best way for entrepreneurs to determine what to charge. Here's some of what you'll learn in this episode:How an entrepreneur can switch mindsets from being the seller to being the buyer.Why entrepreneurs should actually stay away from competitive pricing.Why the fastest way to your biggest future is The Strategic Coach® Program.The question that will take your clients into the future, and you with them.Why you shouldn’t negotiate unless what you’re offering is unique.The importance of being attuned to your clients’ futures. Show Notes:Most people don’t like negotiating what their value is with someone else.If you’re applying for a job, it’s generally predetermined what the value is of doing that job.For entrepreneurs, the combination of time and talent determines the price that needs to be negotiated.There’s no right price for anything because all pricing is psychological.If your client doesn’t have a big future, your price is a cost. If they have a big future, your price is an investment.If you focus on your uniqueness, you aren’t in competition with anyone.The toughest obstacle to being a successful entrepreneur is getting to where you feel proud and confident about the ways you've priced your value in the marketplace.Many people don’t have a proper appreciation of their own value, and so they don’t like negotiating.Some entrepreneurs spend too much time worrying about people who aren’t check writers.Pricing is a lot easier if you have no competitors. Resources:Capitalism—And Everything Else by Dan SullivanThe 4 C’s Formula by Dan SullivanUnique Ability®Deep D.O.S. Innovation by Dan SullivanEnterprise Value: How the Best Owner-Managers Build Their Fortune, Capture Their Company's Gains, and Create Their Legacy by Peter R. Worrell

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.Every entrepreneur engages with their past, but if they don’t know the right way to do it, it can be painful and get in the way of business growth. In this episode, business coaches Dan Sullivan and Shannon Waller explain how to engage your past with a growth mindset and gain business lessons from all of your experiences.

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.While the typical entrepreneur might be focused on the future, you simply can’t underestimate the importance of your past. In this episode, business coaches Dan Sullivan and Shannon Waller discuss the best way for entrepreneurs to engage with, and utilize, their past experiences.

Business coach Dan Sullivan and team strategist Shannon Waller discuss the potential of ChatGPT for entrepreneurs seeking business growth. They explore the impact of technology on collaboration, the potential leverage point of ChatGPT, the importance of delegating tasks and utilizing the skills of others, and the use of AI technology to enhance business capabilities.

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.Do you take your failures personally? In this episode, Shannon Waller and Dan Sullivan discuss the ultimate entrepreneurial challenge—turning setbacks into stepping stones. Learn how to embrace failure and acknowledge the valuable lessons it teaches for maximum business growth.

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.How do you know when it’s time to move on and leave behind something you’ve been doing? Business coach Dan Sullivan is ready to give up coaching one level of The Strategic Coach® Program so that he can focus on a higher level. In this episode, Shannon Waller and Dan discuss what led to this decision.

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.Did you have a business relationship that you established early on in your career, and you’re still pumping money into it? It’s worth re-examining your arrangements because they might not still be serving your business growth. In this episode, business coach Dan Sullivan and Shannon Waller talk all about eliminating what Dan calls “sunk costs.”

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.A focus of The Strategic Coach® Program over the past ten years has been a particular type of collaboration, one between entrepreneurs who share a common goal. In this episode, Dan Sullivan and Shannon Waller explain how such collaborations immensely benefit everyone involved, not just the clients.

Get the latest book by Dan Sullivan and Ben Hardy, 10x Is Easier Than 2x.Some people say we’re heading toward a recession—and they’re right. In this episode, Dan Sullivan and Shannon Waller talk about what entrepreneurs can do so that they not only won’t suffer when the recession hits but will actually make even greater progress than before.