Matt Schneider is an Executive VP and Co-Owner of a global SaaS company with a projected valuation of $100M within the next 18 months. He also offers Executive Coaching on Decentralized Command.
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Guest Resource
Ignition Year Coaching – Launch your business into its best year yet. Sign up for Matt’s coaching program! (Sorry! This link was active when this episode was first published in 2023. This resource is no longer available.)
3 Value Bombs
1) Every entrepreneur should always have an end in mind. We should always be looking for opportunities to diversify and for freedom that allows us to spend the time that we want in the places we want, when we want, and with the people we want for as long as we want.
2) Leadership is always the problem and it’s always a solution.
3) Focus on leadership first. Recognize that leadership is not a title. It’s not a rank. It’s not a position. It is a living, breathing thing. If you’re going to get to a place to where you can build a big business and a profitable business that you can be un-handcuffed from, then it starts with you.
Sponsors
HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
ZipRecruiter: Get your job noticed by the best and brightest candidates – with ZipRecruiter! Go to this exclusive web address to try ZipRecruiter for free: ZipRecruiter.com/fire!
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: A Podcast Worth $100M
[1:16] – Matt shares something that he believes about becoming successful that most people disagree with.
- Hard work itself pays off, but that’s not the case.
[2:01] – The difference between the employee and the entrepreneur.
- Being an employee is somebody who really isn’t all that attached to the company’s vision and mission. They are there more or less there to collect a paycheck.
- An entrepreneur is somebody who knows that they don’t own the business. They know that when it comes to payday, they’re the ones that sign the back of the check – not the front of it. But they treat the business as if it is their own.
[4:04] – The reason why founders complain about the lack of commitment that employees have to a company and its goals.
- Leaders fail to really engage with each person on the team and be optimizing their time and talents to ensure that everything that they’re working on and everything that they’re doing is something that really speaks to them and gives them fulfillment.
- Every evening, when they’re sitting across the dinner table from a loved one and they’re having a conversation about the goals and aspirations that they have and the things that they can and can’t afford, they are relying on the company and on the leadership to take care of them.
[7:28] – A lot of entrepreneurs have this goal to make themselves obsolete from their business. Should this be a goal? And if yes, how does one do that?
- The reason why people go into entrepreneurship, taking all the risk and getting into that initial debt and putting in that time and effort, is really to achieve that time and money freedom that is supposed to be on the other side.
- Every entrepreneur should always have an end in mind.
[9:55] – A timeout to thank our sponsors!
- ZipRecruiter: Get your job noticed by the best and brightest candidates – with ZipRecruiter! Go to this exclusive web address to try ZipRecruiter for free: ZipRecruiter.com/fire!
- HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
[13:16] – How do we get our team fired up and focused on achieving big audacious goals?
- You need to create an environment where your team is seen in a way that their big audacious goals matter.
- Ask your team what is important to them, what do they want to achieve from both a personal and professional standpoint?
- From a leadership standpoint, you want people on the team who have big goals, and then you want to create a scenario where the company helps them achieve them.
[17:09] – Tell us about the leader being the lid.
- When the leader is the lid, that is when they’ve stopped growing in their personal and professional development.
[21:03] – The most common mistake leaders make.
- Leaders look at the growth and they’re determining what they want their next quarter or next year’s profits to be. They’re focused on the profits first, and profits are a lagging indicator of everybody within the organization.
- Leadership is always the problem and it’s always a solution.
[22:46] – Matt’s key takeaway and call to action.
- Focus on leadership first.
- Know that we never ever arrive. There is always progress to be made and we should never get to a point where we’ve stopped that investment.
- Ignition Year Coaching – Launch your business into its best year yet. Sign up for Matt’s coaching program! (Sorry! This link was active when this episode was first published in 2023. This resource is no longer available.)
[24:40] – Thank you to our Sponsor!
- HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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