10x MULTIPLIERS TO GROW YOUR BUSINESS

A provocative and persuasive series of interviews and discussions on the topic
of developing and expanding “Abundance Multipliers” in the 21st century global economy.

10x MULTIPLIERS TO GROW YOUR BUSINESS

A provocative and persuasive series of interviews and discussions on the topic
of developing and expanding “Abundance Multipliers” in the 21st century global economy.

DISCOVER HOW YOU CAN GROW YOUR BUSINESS 10 TIMES

Discover the untapped potential of your business, and multiply your opportunities.

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EPISODE 222

Stones In Soup: Innovating the Entrepreneurial Journey with Dan Sullivan and Joe Polish

October 5, 2023

EPISODE 222

Stones In Soup: Innovating the Entrepreneurial Journey with Dan Sullivan and Joe Polish

Episode Summary

Dan Sullivan and Joe Polish share their insights on continuous learning and personal development. Learn how to invent not only your future but also your past, using the ‘stones in soup’ analogy to create a more fulfilling life journey.

Here’s a glance at what you’ll discover from Dan and Joe in this episode:

  • The Magical Tale of ‘Stone Soup’ and its surprising link to entrepreneurial innovation
  • Investing in People, Not Just Ideas: Uncover Dan Sullivan’s secret to success—why investing in people can outshine any business idea.
  • Everything is a Blank Canvas: Explore the mind-bending concept that everything in life, from the past to the future, is a creation of your imagination.
  • Unlock the Power of Collaboration: Journey into the world of collaboration and find out how partnerships can supercharge your journey.
  • Your Past: A Treasure Trove: Why running from your past is a mistake, and embracing it can lead to profound growth.
  • Entrepreneurial Evolution: Discover how rising costs are creating new avenues for entrepreneurial innovation.
  • Never Stop Learning: Why continuous learning is the secret to sustained success, no matter where you are in your journey.
  • The Power of Networking: Discover the value of collaborations and networks in your personal and professional life.
  • Integrity is Key: Join mastermind groups with integrity, and learn from true collaborators who give as much as they take.
  • Thinking Long-Term: Success isn’t a sprint; it’s a marathon. Focus on long-term goals and strategies for lasting impact.

If you’d like to join world-renowned Entrepreneurs at the next Genius Network Event or want to learn more about Genius Network, go to www.GeniusNetwork.com.

Show Notes

The Story of Stone Soup

  • Joe shares the story of Stone Soup, where villagers create a delicious soup by adding ingredients, demonstrating the power of collaboration.
  • The parallel between this story and Entrepreneurs making things up in the startup world.

Making It Up and Making It Real

  • Entrepreneurs often make things up and turn their ideas into reality.
  • The concept that everything is made up and how this relates to the entrepreneurial mindset.

Ethics and Integrity in Entrepreneurship

  • Discussion on the ethics and integrity of painting a picture of success and future achievements.
  • The importance of delivering on promises and creating a track record of success.

Shortening Futures and Betting on the Future

  • How the future is uncertain and filled with guesswork.
  • The shift in business models towards short-term thinking and betting on bets rather than long-term vision.

Investing in People

  • Dan’s perspective on investing in people rather than just ideas.
  • The importance of discernment in choosing where to invest time and resources.

The Power of Collaboration

  • Joe discusses the value of collaboration and joint ventures.
  • Dan’s approach to investing in people and evaluating the potential of partnerships.

Everything is Made Up

  • The overarching theme that everything in life, including the past, present, and future, is made up by someone, somewhere.
  • The role of imagination and creativity in shaping the world around us.

The Cultural Wars and Presentism

  • The cultural wars are tearing down statues and obliterating the past due to differences in present ways of thinking.
  • Presentism is the belief that we can judge historical events based on our current value system, which may not accurately reflect the conditions of the past.
  •  It’s essential to acknowledge that we often lack a complete understanding of historical contexts and conditions.

Appreciating the Past and Human Progress

  •  Humans have existed as a distinct species for at least a hundred thousand years, showing remarkable progress from primitive beginnings.
  •  Past innovators and creators, like Euclid and his contributions to geometry, have shaped our world and deserve appreciation.
  •  It’s vital to recognize the value of past achievements and innovations while working towards the future.

The Great Meltdown and the M.E.L.T. Acronym

  •  Peter Zeihan’s insight suggests that we’re entering an era where things are becoming more expensive, marking the end of a historically cheap period.
  • Dan speaks on the M.E.L.T. acronym, representing Money, Energy, Labor, and Transportation as historically cheap factors contributing to progress.
  • The cost of transportation, especially water-based transport, plays a crucial role in determining the cost of goods globally.

Entrepreneurial Opportunities in a Changing World

  •  Entrepreneurs have thrived in an era of cheap resources, but as costs rise, new opportunities emerge to bypass expensive elements.
  • The key to success lies in finding ways to navigate rising costs and create value for others.
  • Every challenge, even when things get more expensive, presents an opportunity for those who can adapt and innovate.

The Role of Rules and the Constitution

  • Rules and the Constitution are fundamental to governing societies and ensuring individual rights and freedoms.
  •  The U.S. Constitution has provided a stable foundation for the country’s governance and protection of individual freedoms.
  • The checks and balances within the system help maintain a fair and functioning society.

Generational Differences and the Future

  • Every generation tends to be critical of the succeeding one, but this is a natural part of generational changes.
  • The current generation, the baby boomers, is fading, and younger generations will shape the future.
  • Technological advancements have allowed us to remember and document history more extensively than ever before.

Addressing Addiction and Technology

  •  The addiction crisis, including process addictions related to technology, poses challenges for society.
  • Many people struggle to cope with negative experiences because they lack effective coping strategies.
  • Recognizing and addressing addiction and technology dependence is essential for personal growth and well-being.

Embrace Your Past

  • Entrepreneurs often try to run away from their past, but true growth comes from facing it.
  • Acknowledge and appreciate who you were at an earlier age, recognizing both your ups and downs.

Self-Reflection

  • Understand that everyone has experienced setbacks and failures, and it’s a part of life.
  • Assess your past actions based on the knowledge and skills you had at the time.

Invent Your Past

  • The past isn’t just the events that happened; it’s your interpretation of those events that matters.
  • Use your past experiences to plan your future effectively.

Overcoming Addiction

  • Dan Sullivan shares his journey of phasing out some prescription medications with the help of experts like Dr. Michael Breus.
  • Recognize that sometimes, drugs can be addicted to you, and quitting them can lead to better long-term outcomes.

Collaborations and Networks

  • Joe and Dan highlight the importance of collaboration with smart Entrepreneurs.
  • Genius Network and Strategic Coach are recommended networks for personal and professional growth.

Continuous Learning

  • Stress the importance of being a lifelong learner, regardless of your achievements.
  • Avoid becoming complacent and always seek opportunities for personal development.

Integrity in Mastermind Groups

  • When participating in mastermind groups or coaching programs, maintain integrity and a genuine desire to learn and grow.
  • Avoid individuals who only take without giving back to the group.

Long-Term Perspective

  • Success is a long game; focus on long-term goals and strategies.
  • Regularly audit your business practices and associations to ensure they align with your vision.

Resources

 

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To go deeper with 10XTalk, access your FREE COPY of the “8 Transformations of a 10X Entrepreneur”, go here: http://tenxtalk.wpengine.com/8-transformations-of-a-10x-entrepreneur/.

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10xTalk delivers 10x Multipliers To Grow Your Business hosted by Joe Polish, founder of GeniusNetwork.com and Dan Sullivan, founder of StrategicCoach.com. 10x Multipliers To Grow Your Business. Insights For An Ever Expanding System Of Increasing Cooperation & Creativity Among Unique Ability Achievers.

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