Meine größte anhaltende Herausforderung

0:00I wonder if there's anything you still suck at, no matter how much time or money you throw at it? >> I think focus is still the thing that I have to beat every day. It's very hard. It's extremely hard. >> Yeah. >> Um because also to the same degree, like when we have more resources, I have a ton of very smart people who work at acquisition.com. We have good amounts of capital that we can put to work uh to pursue any opportunity. And so, um I just have to be even more selective about the things that are worth doing. And so, if something has a hundred million dollar cap, I'm just not interested. Right? It's like even a even a billion dollar idea, that's like I want I want something that has a deca billion dollar, you know, potential minimum in order for me to be like, all right, let's let's literally say no to everything else besides this one thing. And so, and then once you say yes to it, it's it's it's it's committing. It means eliminating the alternatives. Like you get married to the idea. And I and I use that term because when you get married, you eliminate all the alternatives.

0:48There's no other person you're going to be with, that's the point. Um and that also means that if someone would appears to be better comes along, it means you stick with your original commitment. And typically, though, I'll say this is, you know, my my my two cents on that, is that when that better person comes along, it's it's very rare that they're actually better. It's just that you don't know all the bad stuff yet because >> Yeah, well, of course. >> because it's early and it's new, right? And so, >> Applies to business, applies to dating. >> Yeah. >> Yeah, like the grass is always greener on the other side, but it's also because it's uh fertilized with [ __ ] And so, it's just remembering that. And so, I would say that the this last year was the first year in my career that I realized that I didn't feel FOMO.

1:23And so, that was like a very huge accomplishment for me. Um because I would say for the first more than decade of my career, if someone was making, you know, someone came to me and said, "Hey, man, I did this thing and it made a bunch of money." I immediately was like, I need to stop doing this, I start doing that. Um or I was like, man, uh you know, his thing's easier, mine's not, you know, mine's mine's harder. This is so dumb of me. >> relate, yeah. >> And I would say that at this point, um you know, if someone comes to me and they just they did a monster deal or something, my immediate thought, and this is what has changed, is I'm like, that's amazing and I know nothing about that and I've spent this much time learning about this thing and you spent this much time learning about that thing. And for me to catch up to where you're at, I'd have to spend the same, you know, 13, 14 years you did learning this one thing. But here's the part we have to compare it against. Let's say you're 13 years into one career path. Well, if if you're younger, say you're 2 years into a career path.

2:10You have to start at 2 years behind on this other thing. Because you have to compare year four of your current thing to year two of the other thing. >> Yeah, interesting. >> Not year two of the other thing to where you're currently at now. Cuz we have to take into account like we're also going to get better. And the longer you do something, the better you get, and the more that the incremental benefit accrues to an outsize return. So, I'll give you an example. So, let's say let's say you're you're a runner, just for simplicity's sake. The difference between first place and second place is almost nothing. It's a tenth of a second, right? But the difference between first place and second place in terms of real world is everything. And so, the same thing happens when it comes to skills. If you're the absolute best marketer in the marketplace, you will the the vast majority of the lion's share of the returns will go to number one. And so, if you're on this path and you're like, "Okay, well, now I'm top 10%." It's like, "That's great. Do you want to start at zero again?" Because the thing is this going from 10% to 5% might only be a 5% absolute uh difference, but might be a triple in your income. And so, that's the piece that like they're they're like, "Man, I've made all this progress to get to here, and I'm not making as much as I want." It's like, "Yeah, but all the fruit is at the end."

3:10>> Yeah. >> And that's why that's why sticking with the pick is so important. >> 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. So, my team and I put together the 100 million-dollar 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 into 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, you can just book a call with my team and we will look at the 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.