Business
This episode is the last part of our five-part series on luck versus intention. To wrap up luck versus intention we will be presenting some material about entrepreneurial leadership with Martha Hanlon. This is great capstone content to our luck versus intention series and showcases the level of education and content available to big table members. In this episode, Martha shares all about entrepreneurial leadership. Martha shares a strategy for looking at the hours you work in your business and where you are spending your time. Then she shares three key questions for building the entrepreneurial leadership you need to move your business forward. Show Notes: [01:17] To wrap up luck versus intention we are going to be presenting about entrepreneurial leadership. [03:06] Loral and Martha share about past big tables and alumni meetings. [05:24] The piece that you must bring to your business is leadership. [07:12] We have a tendency to not spend very much time in our business leading. [08:32] How many hours on average, do you work in your business? Then divide those hours into each section of the pie. [09:27] Often we don’t have a lot of time in strategy and planning. If you don’t have time in strategy and planning you don’t know where you are going, the path to take you there, or how to lead your team. [10:43] If you don’t bring someone else to do some of the fulfillment your business is only going to grow so far. The only way to grow is to add more hours to your day or increase your prices. [11:22] When you lead people well they will be able to do the work, maybe even better than you. [12:14] In order to elevate your value to your business, you are going to have to drop some sandbags. You can not elevate if you are being weighed down. [13:09] You have one responsibility as a leader. You are responsible for those around you to rise up. [14:14] That rising up starts with yourself, and then moves to your team and then moves to your customers and then to your legacy. [15:06] If you are a creator your focus is the passion you have and your role is going to create it. [15:58] Technician’s value is the time and effort they put into the business. Their role is to control the business. [17:23] As a leader, your focus is thinking, vision, and building trust. You can not outsource things to anyone. Your number one responsibility is to inspire. [18:33] Leadership has stages. [20:20] Vision, building trust, and putting a plan together is your responsibility. [21:17] The stuff that is below your value needs to come off your plate. [22:38] First, trust in yourself and then work for your team to trust you and you to trust your team. [24:30] Whoever you bring into your wealth plan needs direction. [25:06] What if your only job is to be responsible for rising up for this year? What are the only things that would be on your plate? What is required for your team to rise up? [25:33] Your results will manifest when you lead yourself, your team, your clients, and your legacy. This is your role. [25:47] Make sure you are always measuring those results, so you know you are on your way to your goal. Then you know where to go to make improvements. [27:14] Action to take: Do you pie chart and answer the questions we discussed. [28:39] You can be working on your 2021 goals with intention. Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Affiliate Sign-Up Luck or Intention Contest Martha’s Website