Slay One Dragon At A Time Ep 31

Summary Notes


In the discussion, the speaker emphasizes the importance of focusing on one business at a time, drawing from personal experience and advice from business mentor Russell Brunson. They highlight the common pitfall of entrepreneurs attempting to juggle multiple ventures simultaneously, which often leads to none succeeding. The speaker advises that by concentrating efforts on a single business, such as a struggling gym, and resolving its issues, other opportunities become less distracting and more manageable. The key takeaway is that simplifying to one primary focus can significantly ease business challenges and enhance success.

Summary Notes

Focus on One Task at a Time

  • Emphasizes the importance of concentrating on a single task to transform a business.
  • Managing schedule and responsibilities effectively by focusing on one thing at a time.
  • The downside of multitasking in business, especially when starting new ventures.
  • The inevitability of problems in every business and the need to address them individually.

Okay, so slay one dragon at a time. What do I mean by that? One of the things that dramatically transformed my business was being able to focus on one thing at a time.

This quote highlights the strategy of tackling one challenge or task at a time as a transformative approach for business.

And I do that in how I manage my schedule. I do that in how I manage my tax and my responsibilities as an owner.

The speaker applies the focus-on-one-task philosophy to various aspects of business management, including scheduling, taxation, and ownership responsibilities.

And, I mean, if you think about it, why go one on two?

The speaker questions the logic behind taking on multiple challenges simultaneously, suggesting it's an ineffective strategy.

So a lot of the times, the first thing that, like, when I'm getting on the phone with someone who's new and they have their own gym, they'll be like, hey, I'm starting an online business. I'm starting a food prep business, and my gym is struggling. I'm like, why are you trying to start three businesses when none of them is working?

This quote presents a common scenario where individuals attempt to juggle multiple businesses, leading to none performing well, and the speaker's advice against it.

Each business is going to have problems. Every single business has issues. If there weren't problems or difficulties or obstacles to overcome, then everyone would do it, right?

The inevitability of encountering problems in any business is acknowledged, emphasizing the need for dedicated focus to overcome them.

And so everyone would be killing it with food prep, or everyone will be killing it with supplements, or everyone will be killing with whatever,

The speaker implies that if running a business were easy, everyone would succeed in any venture, which is not the case, hence the need for focused effort.

Focus and Attention Management

  • Emphasizing the importance of concentrating on one task or project at a time.
  • The benefits of removing distractions to enhance problem-solving abilities in one's primary business.
  • The idea that distractions often seem important but may not yield productive results.
  • An anecdote about a gym owner who was advised to focus on improving their primary business before expanding into online personal training.

"And so you want to focus on one thing at a time. And I promise you that as soon as you take those other things off your plate, the problems that are presenting you in your normal business, your gym, are going to seem really easy, and it's because you have all your attention back and you can focus on it."

This quote highlights the advantage of single-tasking and how it can simplify challenges in one's main business by allowing full attention and focus.

"I had someone who called me the other day, and they were starting an online, they wanted to get into online personal training, and they had a gym, and they're like, I need help getting my gym going so that I can focus back on online personal training."

This quote introduces a real-life scenario of an individual trying to juggle multiple business ventures, indicating a common struggle with focus.

"And I was like, if your gym was doing 50,000 a month, I was like, would you care about online personal training? They were like, probably not. And I was like, well, then why don't we just get your gym to 50,000 a month, and then we'll go from there."

The quote suggests a practical solution to the individual's dilemma, emphasizing the need to prioritize and stabilize the main source of income before pursuing additional ventures.

The Illusion of Productive Distractions

  • Discussing the issue of engaging in side projects that seem important but are ultimately unproductive.
  • Advising individuals to evaluate the potential profitability and impact of their side projects.
  • Suggesting that side projects can be a diversion from addressing the main business's issues.

"And so when you've got all these other distractions that are coming up, and the thing is, they're not fruitful."

This quote points out that many distractions that consume our time and attention are not beneficial to our main goals or business.

Mastermind Groups and Peer Learning

  • Mentioning participation in various mastermind groups.
  • Implies the value of learning from peers in similar business situations.

"I've been in so many different masterminds where som"

Although the quote is incomplete, it suggests the speaker's experience with mastermind groups, which are often used for sharing knowledge and strategies among business owners.

(Note: The transcript provided is incomplete, and the notes reflect the information available up to the cut-off point.)

Identifying the Core Issue

  • Individuals often know the solution to their problems but struggle to focus on it.
  • The key is to concentrate on the primary issue, which is often clear to outsiders.
  • Distractions and "side quests" should be avoided when the main venture needs attention.

"It's really obvious to everyone else who's not there that what you need to do is stop doing all this other bullshit and just focus on the one thing that matters right now, which is your gym."

This quote emphasizes the importance of focusing on the most crucial aspect of a problem, which is often evident to others but overlooked by the individual involved due to distractions or secondary activities.

The Role of Ego in Decision-Making

  • Ego can prevent individuals from fully committing to a single task or business.
  • There's a fear of failure if one commits completely and doesn't succeed.
  • Rationalizing lack of success by blaming external factors is a common defense mechanism.

"But at the end of the day, if you can't make it work, then it is on you."

The speaker acknowledges personal responsibility for their success or failure, indicating that ultimately, the outcome is a result of one's own actions and decisions.

Simplifying Work and Business

  • Making sales is easier with good offers.
  • Business becomes more manageable when focusing on one thing at a time.
  • Recognizing the importance of simplification can be difficult, but it is crucial for success.

"I like making sales easier by making good offers. I like making business easier by only focusing on one at a time."

This quote suggests strategies for simplifying tasks to achieve better results, such as creating compelling offers and avoiding the division of attention between multiple ventures.

Personal Admission of Fault

  • The speaker admits to having previously struggled with the same issues they are advising against.
  • Acknowledging past mistakes is part of the learning process and can lead to improvement.

"I'm guilty of this. I'm saying this because I did it."

By admitting their own past mistakes, the speaker adds credibility to their advice, showing that they speak from personal experience, not just theoretical understanding.

Importance of Focus in Business

  • Attempting to manage multiple businesses simultaneously often results in no profit.
  • Focusing on a single business can significantly increase income and lead to a productive outcome.
  • Russell Brunson, a successful business mentor, emphasized the importance of focus to achieve exponential growth in business revenue.
  • The speaker encourages the audience to heed this advice, regardless of the source, to improve their business and simplify their life.

on five businesses at once, and I made no money. It was only when I was able to focus on one thing that my income increased and I was able to actually make something that was productive.

This quote describes the speaker's personal experience with trying to run multiple businesses at once and failing to make a profit. It highlights the positive shift in income and productivity when the speaker chose to focus on just one business.

Russell Brunson, who's. He's my business mentor. He talked to a group of us, and he was like, do you know how I got from 3 million to 30 million a year? And he's like, by just focusing on one business?

This quote introduces Russell Brunson as the speaker's business mentor and shares Brunson's advice on how focusing on a single business was key to increasing his revenue from 3 million to 30 million dollars a year.

And so I'm just relaying the same information that was told to me. And you can either pretend it was heard from Russell, you can pretend it was heard from me, pretend your mom told you whatever it is, whoever you need to listen to in order for that to actually resonate with you and stop being busy all the time, and stop spreading yourself crazy thin trying to do nine different things and just focus on one business.

The speaker stresses the importance of the message about focusing on one business, suggesting that it does not matter who delivers the advice as long as the listener takes it seriously. The speaker is conveying that reducing busyness and not dividing attention among too many projects is crucial for success.

I guarantee you it will make your life a lot easier, and business will be a lot better. Promise. All right, execute.

This quote is the speaker's assurance that focusing on one business will simplify the listener's life and improve their business. The speaker ends with a call to action, encouraging the listener to put this advice into practice.

What others are sharing

Go To Library

Want to Deciphr in private?
- It's completely free

Deciphr Now
Footer background
Crossed lines icon
Crossed lines icon
Crossed lines icon
Crossed lines icon
Crossed lines icon
Crossed lines icon
Crossed lines icon

© 2024 Deciphr

Terms and ConditionsPrivacy Policy