Der Millionen Dollar Vertrag

0:00Three, most people overestimate what they can accomplish in a year and they underestimate what they can accomplish in a decade. And every new employee that I have that walks into acquisition.com, the number one thing that they say they want is growth. And I have this talk with them, which is the 10-year million-dollar contract. But it's less about the million dollars and more about take whatever your net worth is now and add a zero to it or add two zeros to it. You can accomplish that in a decade. If you look at the biggest companies in the entire world who were worth multiple billions from their inception until the time they were worth multiple billions, many times it's under 10 years, but it's still more than five, more than seven.

0:38And so you can accomplish life-changing crazy amounts of wealth in a decade. And so if you could write a contract to yourself and say, "I will make no money for 10 years, but on the 10th year, I will add a zero or two zeros or three zeros to my net worth, would you do it?" And if the answer is yes, which it almost invariably is with every person who comes into my business, then I say, "Great. Now act like it." And so if you knew that you would make this amount of money over that period of time, you would stop this obsession, myself included, this is me giving my advice to my self who lost it twice. When I was able to shift to okay, "What would I have to do that would make it unreasonable that I don't 10x in 10 years?" Then all of a sudden I started making very reasonable bets that I knew would compound unto itself over that period of time. And then winning became inevitable rather than a game of chance.

1:33And so often times you have potential earning and then actualized earning. And usually as you're realizing the potential earning you have, you're usually losing out on your investing into that potential, right? You're realizing the potential. And that's kind of like the kid that learns one skill and then immediately says, "I'm going to start a business opportunity around this one skill that makes me $5,000 a month." Or they have this one skill and say, "Hey, this this company is willing to pay me $100,000 a year to go do this skill, where I have this other company that will give me a free internship where I could 10x my potential earning in 3 years, but I'm going to make $35,000 a year for the 3 years. Which one would you take?" The problem is most people will take the $100,000 now and forego the investment in self. And that's the thing is we are the asset that we invest in and the currency we invest into ourselves in is time, experience, and skills. Right? Skill is the outcome. The time and the effort is what we put into it to gain the experiences, which ultimately give us the skills. But if you're in an environment where you're not compounding your potential earning, then you're actually losing out long-term. You're ripping up your million-dollar or your 10x or 100x contract for a decade from now, so you can get the short, fast money today. And that's why in the early days when you have limited amounts of money, but lots of time and energy, instead of putting your money in the S&P 500, I like to say put it in the SME 500. Because the asset that is you will always beat the stock market. Real quick, if you are a business owner and you are not growing as fast as you'd like, I'd like to give you a free gift.

3:09So, my team and I put together the $100 million scaling road map, which is basically 200 hours of us looking over all the portfolio companies we've had and what stages of growth they went through and more importantly, where they got stuck and how they got past it. And so we broke it in these 10 stages and we made this little kind of quiz thing where if you put in your business information, it'll tell you where you're at and the most important part for you, what to do for each of functions of the business across product, marketing, sales, customer success, recruiting, IT, human resources, and finance. And so, no matter what you're struggling with, someone else has already struggled with it and solved it. And so I'd like to give you this thing absolutely free. You can go to acquisition.com/roadmap, plug in your business information, and if you want us to actually help you deconstruct the business and you're trying to scale, we'd love to help you out. On the thank you page and book a call with my team and we will look at your business, see if we can help and if we can, we'll invite you out to Vegas and we'll do this in person live.