Fck End of the Week Ep 542

In this episode, the host and guests discuss the critical role of execution speed in entrepreneurial success, emphasizing the concept of the OODA loop—observe, orient, decide, act—as a framework for rapid iteration and improvement. They argue that the ability to quickly turn thoughts into reality defines power and separates top performers from the rest. The host, a proponent of the "fuck end of week" mentality, encourages immediate action over procrastination, asserting that setting a faster pace for decision-making and task completion can exponentially accelerate business growth. By applying pressure to prioritize effectively and challenge delays, entrepreneurs can enhance their efficacy, outpace competitors, and drive their businesses toward their goals with greater potency.

• Leadership sets the pace for organizational progress and the transformation of ideas into reality.
• The effectiveness of an organization is often linked to its speed of execution and decision-making.
• Leaders influence how quickly an organization can grow and how powerful it becomes.

"You set the tone for how the organization's going to move, right? How quickly thoughts become reality, and ultimately, how powerful the organization will become because of the speed."

This quote emphasizes the role of leadership in determining the speed at which an organization operates and the significance of swift action in realizing ideas, which in turn affects the organization's power and success.

• Business is viewed as a strategic game by the most successful and wealthy individuals.
• The podcast aims to share lessons learned from building a successful business portfolio.
• The goal is to help listeners grow their businesses and potentially collaborate to reach significant financial milestones.

"The wealthiest people in the world see business as a game. This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio."

This quote conveys the perspective of business as a competitive and strategic endeavor, likening it to a game, and introduces the podcast as a resource for sharing valuable business insights.

• Top-performing entrepreneurs are distinguished by their rapid execution following decision-making.
• The concept of power in business is defined by the narrowness of the gap between idea and implementation.
• The ability to quickly turn thoughts into reality is equated with entrepreneurial strength and potency.

"And so one of the definitions that we talk about in the community is that definition of power, as I understand it, is the gap between thoughts becoming reality."

This quote defines power within the entrepreneurial context as the ability to swiftly convert ideas into tangible outcomes, suggesting that minimizing the time between conception and execution is crucial for success.

• The OODA loop, a military strategy concept, is applicable to entrepreneurship.
• It stands for Observe, Orient, Decide, Act, and represents a cycle of situational awareness and responsive action.
• Accelerating the OODA loop allows entrepreneurs to quickly adapt, seize opportunities, and learn from failures.

"And I think the key to that is the speed of the Ooda loop. And that's just like a military term, like observe, orient, decide, act. And it's just the loop with which that you can basically see what's going on, make a decision, act on it, and then do that whole loop again."

The quote introduces the OODA loop as a critical process for entrepreneurs to enhance their responsiveness and adaptability in business operations, emphasizing the importance of speed in this continuous cycle of action and reflection.

• The principles of swift execution and the OODA loop are not only applicable to individual entrepreneurs but also to team management.
• Running a team effectively involves applying these concepts to improve collective responsiveness and performance.
• Personal development as an entrepreneur also relies on the ability to rapidly iterate and adapt.

"And so I want to talk about this within the context of running a team and employees, and then also within yourself."

This quote suggests that the upcoming discussion will explore how the concepts of rapid execution and the OODA loop pertain to managing a team and to the entrepreneur's personal growth, indicating a holistic approach to applying these principles in various aspects of business leadership.

• Discusses the importance of delegating tasks effectively to speed up organizational processes.
• Emphasizes setting deadlines that reflect the actual time needed to complete tasks.
• Highlights the role of the leader in setting the pace and tone for how quickly the organization operates.
• Suggests that speed in an organization is about prioritization and avoiding distractions, not necessarily about rushing.

One of the things that once you're moving out of you doing things all the time there is, how do I get other people to do things?

This quote introduces the theme of delegation as a key managerial responsibility, emphasizing the transition from doing tasks oneself to getting others to do them.

If you can get things done end of day rather than end of week, you are literally speeding up the organization. Seven X.

The speaker suggests that by setting more immediate deadlines (end of day rather than end of week), an organization can operate up to seven times faster, indicating the potential impact of efficient time management on productivity.

Speed isn't doing things fast. It's basically just not being distracted by other shit that doesn't matter. It's being able to prioritize.

This quote defines speed in the context of organizational management as the ability to prioritize effectively and avoid distractions, rather than simply completing tasks quickly.

• Discusses how leaders can influence organizational speed by setting immediate expectations.
• Suggests that by applying pressure, leaders can minimize procrastination and non-essential activities among team members.
• Proposes that a proactive approach to task management can significantly reduce the completion time of projects.

You as the owner could set the cadence. If people say, hey, can we do this? And then you're like, cool, let's start right now.

This quote highlights the leader's role in setting the pace of work within an organization, encouraging immediate action on tasks.

And so if you can speed up that loop and force and apply pressure to your team to not do things by end of week or even end of day, it's like, it's 10:00 a.m. Can you get this done by noon?

By suggesting tighter deadlines, the speaker illustrates how leaders can create a sense of urgency that can lead to more efficient task completion.

• Describes how successful entrepreneurs actively engage with new knowledge and immediately apply it to their businesses.
• Differentiates between entrepreneurs of varying success levels based on their responsiveness to new information and their revenue achievements.
• Suggests that a proactive and responsive approach to learning is a characteristic of higher-level entrepreneurs.

I referred them out to a handful of entrepreneur friends that I have that are all doing five to 15 million kind of in that range. And what was amazing to me is that every single one of them read the book, immediately sent me back their notes and what they were going to do with it.

This quote demonstrates how successful entrepreneurs in the speaker's network actively engage with new information, take notes, and plan to implement learned strategies, suggesting a correlation between responsiveness to knowledge and business success.

• Briefly advertises the speaker's book available on Amazon.
• Mentions the book's positive reviews and availability in Kindle format.

Hey guys, real quick, if you're new to the podcast, I have a book on Amazon, it's called 100 million dollar offers that over 8005 star reviews.

This quote serves as a promotional interjection, highlighting the speaker's book and its success as indicated by a large number of positive reviews on Amazon.

• The speaker has dedicated over 1000 hours to writing a book intended as a significant contribution to the community.
• The underlying motivation for sharing the book is to increase likability and potentially foster future business partnerships.

"I put over 1000 hours into writing that book and it's my biggest gift to our community."

The quote emphasizes the effort and intention behind the book, highlighting it as a labor of love and a strategic move for future collaborations.

• Speaker A discusses the critical nature of acting swiftly on available information in business.
• There is a critique of those who delay action, such as program subscribers who do not utilize provided resources promptly.

"The delay between being able to gain information and act is so much longer and that's why where they want to be, right?"

This quote points out the problem of a lag between acquiring knowledge and putting it into action, suggesting it is a common obstacle in achieving business goals.

• Speaker A emphasizes the importance of focus and execution over getting sidetracked by less relevant tasks.
• The example of "Joey" is used to illustrate the benefits of rapid implementation and avoiding distractions.

"His level of efficacy in execution was so high because he didn't allow himself to get distracted by things."

The quote highlights Joey's success as a result of his focused execution and his ability to avoid distractions, setting him apart in his industry.

• Speaker A suggests that entrepreneurs should develop a sense of urgency and an itch for execution to achieve growth and power.
• The relief that comes from executing tasks is presented as a motivator for action.

"The moment he has something he needs to execute, it creates this itch inside of him that he can't move forward without executing this so that the relief comes."

The quote describes the psychological mechanism that drives Joey to act immediately on tasks, which is posited as a behavior to emulate for success.

• Speaker A asks listeners to consider the type of competitor they would fear most.
• The most formidable competitor is one who can quickly understand, execute, and improve upon others' strategies.

"The competitor who sees what you're doing can immediately execute, implement and improve on it at a faster loop than you can even understand what's going on, right?"

This quote underscores the threat posed by competitors who can rapidly iterate and outperform others, making the case for the importance of execution speed.

• Speaker A advises businesses to measure their speed of improvement as a critical metric.
• The concept of the "five horsemen" is introduced as a specific example of a business strategy that requires swift execution.

"And so if you're looking at your business, look at it from a context of speed, of how long does it take us to improve things, right?"

The quote encourages businesses to critically evaluate their efficiency in implementing improvements, with speed being a key factor in staying competitive.

• Being honest with oneself about the time required for tasks is crucial.
• Assessing daily activities to prioritize tasks that are more important.
• Initiating tasks at the moment of decision-making leads to immediate action rather than postponement.

"What am I doing today that is more important than this? And where can I put these 2 hours? And start with the moment that you make the decision."

This quote emphasizes the importance of evaluating current activities to prioritize and allocate time for tasks that are deemed more important, advocating for immediate action upon decision-making.

• Procrastination is identified as a common issue that delays tasks unnecessarily.
• The speaker highlights that procrastination does not make problems disappear.
• Speed is considered a core principle in their business, emphasizing rapid action and decision-making.

"We purposely delay these things because we just procrastinate for no reason when the problem will not go away, right?"

The relevance of this quote is to point out the habit of delaying tasks without valid reasons, underlining that procrastination does not resolve issues.

• Entrepreneurs must apply pressure to themselves to prioritize tasks effectively.
• Immediate action is encouraged over deferring tasks to a later date.
• Challenging excuses and prioritizing effectively can significantly enhance business growth.

"You have to apply that pressure. You have to say, fuck, end of week, what are you doing today? That's more important than this?"

This quote speaks to the need for entrepreneurs to be assertive and challenge themselves and their teams to prioritize tasks that are critical for the day, rather than putting them off.

• Implementing solutions to problems promptly can accelerate business growth.
• Reacting quickly to business bottlenecks allows for faster pivoting and progress.
• Business growth is seen as the result of many small adjustments rather than one large change.

"And that small change can seven x, right? If you even going from end of week to end of day, can seven x, how quickly your business grows."

The speaker claims that by shifting the timeline for task completion from the end of the week to the end of the day, the rate of business growth can increase sevenfold, emphasizing the power of rapid implementation.

• Leaders should encourage their teams to start with immediate goals.
• Pushing back on excuses and helping team members prioritize can drive key business metrics.
• Prioritizing tasks that impact revenue and retention is essential for business success.

"If you have an employee or you're managing your team and you want to implement new things, start with today, right? Start with end of day, not end of week."

This quote advises leaders to set immediate targets for their teams to foster a culture of prompt action and accountability, which in turn can positively impact the business.

• The speed at which one can turn thoughts into actions is a measure of entrepreneurial strength.
• Closing this gap quickly reflects one's ability to create their desired reality.
• The speaker encourages taking action on identified bottlenecks without delay.

"It's just the speed with which you can close the gap between your thoughts and your decisions. And the reality that you create in front of you will dictate how powerful you are as an entrepreneur and even as a human being."

The quote underlines the concept that the rapid execution of decisions is a critical factor in determining an entrepreneur's effectiveness and their capacity to shape reality.