The Mindset Necessary For Success | Gino Wickman EP 280

14 Jun 2023 · 9 min

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In short

The Daily Motivation - Episode 280 Summary

Episode Title

The Mindset Necessary For Success | Gino Wickman

Podcast Overview

  • Host: Lewis Howes
  • Guest: Gino Wickman
  • Main Theme: The importance of mindset in achieving success, particularly focusing on the growth mindset.
  • Episode Link: [Listen to the Full Episode](https://link.chtbl.com/1225-yt)

Key Concepts

  1. Growth Mindset
  2. Emphasizes embracing challenges.
  3. Persisting through setbacks.
  4. Viewing failures as opportunities for learning.
  1. Vulnerability in Leadership
  2. Historical context of Lewis Howes' experiences with teaching vulnerability in leadership.
  3. Importance of admitting weaknesses for team cohesion.
  4. Vulnerability leads to faster progress by eliminating emotional baggage.
  1. Visionary vs. Integrator
  2. Visionary:
  3. Typically the founder, has big ideas, and initiates projects.
  4. Needs to balance with an integrator to manage day-to-day operations.
  5. Integrator:
  6. Organizes, manages, and holds teams accountable.
  7. Essential for freeing visionaries to focus on growth and innovation.

The Six Key Components of Business

  1. Vision
  2. A strong, unified vision shared among the leadership team.
  1. People
  2. Having the right individuals in the right roles (“right people, right seat”).
  3. Utilizes a "people analyzer" tool to ensure alignment with core values.
  1. Data
  2. Reducing complex business aspects to key performance indicators (KPIs).
  3. Implementing scorecards for weekly assessments.
  1. Issues
  2. Establishing a culture of solving problems efficiently.
  3. Utilizes a three-step approach: Identify, Discuss, Solve.
  1. Process
  2. Recognizing and documenting core processes for consistency and scalability.
  3. Focus on fundamental business processes (marketing, sales, operations, etc.).
  1. Traction
  2. Bringing the vision to reality through execution and accountability.

Conclusion

  • The leadership team's effectiveness directly impacts the overall health of the organization.
  • Cohesion, accountability, and a shared vision are crucial for success.

Call to Action

  • Encourage listeners to subscribe to The Daily Motivation for more insights.
  • Sign up for the Greatness newsletter for exclusive content.

Additional Resources

  • Lewis Howes' New Book: *The Greatness Mindset* available at [lewishouse.com](https://lewishouse.com/2023mindset).
  • Greatness Newsletter: [Sign Up Here](http://www.greatness.com/newsletter).

Closing Remarks

  • Lewis Howes thanks listeners and invites them to tune in to future episodes for ongoing motivation and inspiration.

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Transcript

Automatic transcript. May contain errors.

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation show.

0:10I firmly believe that taking charge of your mindset allows you to be in the driver's seat of your life and unlock your potential. And that's why I'm thrilled to share that my new book is out right now. It's called The Greatness Mindset. In it, you'll learn how to build a plan for greatness through powerful exercises and toolkits designed to propel your life forward. This is the book that I wish I had 20 years ago. It's everything I've learned in the last decade with the research and the science to help you unlock your mind. Make sure to go to lewishouse.com slash 2023mindset to pick up your copy of my book, The Greatness Mindset, today.

0:5119 years ago, I was teaching vulnerability to leadership teams. We get these leadership teams to be vulnerable, lower their guards, and it's the same thing. you can watch that Teflon shell reducing and coming down. And as it does, there are tears in our session rooms. It is group therapy. Again, it's business focused. We're not sitting around crying all day in these sessions. These are hard charging leaders and entrepreneurs building great companies. But what we're doing is getting to realize you're all a little screwed up. None of us are perfect. Let's admit all of our strengths and weaknesses and let's go forward as a team and build something amazing here.

1:26And so we actually do this exercise every year with them in the annual where they give each other feedback. and what I need you to start or stop doing. And that's where they really kind of hit them in the soul, hit them in the heart with something they're doing that is doing more damage than good. And so that's just an example of vulnerability. But ultimately, we get to a point where that three to seven person leadership team, every week in a level 10 meeting for 90 minutes, they're solving issues. And it starts by them looking the other person in the eye and just saying the issue. That's scary at first, but we get to a point where they just let it fly.

1:56And it's just all just being real, open and honest, authentic, vulnerable. What's available on the other side with vulnerability? What happens if the team or the leaders of the organization isn't vulnerable? So the practical business guy on me can't help but say first and foremost, it's getting to where you want to go about 10 times faster. Being vulnerable is that. Exactly, because think about all this baggage everybody's holding and all of these resentments and whatever all of that is, you're trying to win a race dragging 10 anvils behind you. You cut those anvils loose and you're going to fly.

2:30That's the practical side. The emotional side is that team is walking around 10 ,000 pounds lighter. The Teflon, the concrete wall, I mean, you're walking around. You're carrying this thing with you everywhere you go. It's heavy, man. It's heavy. No matter where you are, because EOS is for a 10 to 250 person company. If you're a visionary with two people, Rocket Fuel is where you need to start because you need to understand this incredible being that you are, This genetic makeup that you have, this energy ball that you are. And when you can learn how to manage and harness that and go find your perfect integrator match.

3:07So a visionary is that wild and crazy entrepreneur that typically founds the company. He's got an idea. I've got this vision. I think there's a problem in the world. I want to go solve this problem. And goes out and starts to sell that thing, create that thing, generate some revenue and build a company with people. There comes a point when that visionary needs to find their integrator match and counterbalance themselves. So the visionary can free themselves up to another level and that integrator can run the day to day. And what happens, most visionaries never do that. And they find themselves managing all these people, which a visionary is terrible at.

3:38And so you just get stuck. And so Rocket Fuel helps you break through as a visionary to grow to the next level. So they just know how to run stuff. They're gifted at just running businesses, managing people, orchestrating all that human energy so that you're freed up to just go do your magic and grow the business. So what's a perfect integrator then? What do they have? So they are great at organizing. Yes. They're very organized. They're great at managing people, meaning holding them accountable. They're great kind of taskmasters, if you will, in terms of holding people accountable to get the job done.

4:11They're great at managing the P &L to make sure that there is a profit at the end of the day. And then I always call it orchestrating or harmoniously integrating the major functions of the business. And so in a business, you typically have marketing, sales, operations, finance. They have this wonderful way of orchestrating those functions and get everybody rowing in the same direction. So bottom line is they're great at running the day-to-day of a business and freeing you up as the visionary. Every business has six key components. And to the degree those six key components are strong, everything falls into place.

4:46And that business is going to be great. But the other point that's really important is it's about taking a holistic approach to making a company healthy. And so what we're doing at the end of the day is we're helping that leadership team of that 10 to 250 person company do three things. Vision, traction, healthy. Vision from a standpoint of helping that leadership team get 100 % on the same page with their vision and their plan where they're going, how they're going to get there. 100 % on the same page. Traction from a standpoint of helping them then execute, bring discipline, accountability and make the vision a reality.

5:17and then healthy. This is that vulnerability piece, helping them become a healthy, functional, cohesive leadership team because most of them are dysfunctional. And then from there, as goes that leadership team, so goes the rest of the company. We get to a point where then everyone in the organization is crystal clear on the vision, gaining much better traction and much more healthy, functional, cohesive. So here are the six key components. In the form of a model, it's circular. Each one kind of looks like a pie, if you will. But component number one is vision. And so that just means we got to have a vision.

5:46It's got to be strong. and everybody's got to share it. The next component is people, which means we've got to have all the right people. Our people need to be great top to bottom. We call it right people, right seat. But the tool that we use is called the people analyzer. Very, very powerful. It shows you the most simple, powerful way to make sure all of your people have the core values and get at one and have the capacity to do the job. The third key component is the data component. And that is boiling all the moving parts of the business down to data, KPIs, metrics. We call it a scorecard in the EOS process.

6:15You call it dashboard, million terms for it. But nonetheless, it's boiling it down to data where that leadership team is running the business from five to 15 numbers every single week. Fourth key component is the issues component. And that is about building a muscle top to bottom in the organization where that company solves their issues quickly. And so we show them an amazing issue solving track that I created three steps, identify, discuss, solve. And that's where that vulnerability is built and created. And so you should see it takes about a year to really master it. But man, once they do, they have their issues list of 15 things.

6:47They rip through that issues list because it's just free flowing, open and honest. Nobody's got guards up and you're just solving stuff. And then the fifth key component is the process component. And that is understanding that your business is comprised of a handful of core processes. You're looking at your business through a whole different lens now, realizing they're just a handful of core processes that make this business go around. our marketing process, our sales process, our people process, our ops process, our customer service process, our finance process, only a handful. And when you see that, then you look at it, you say, how strong are each one?

7:19Do we have them documented? So everybody's doing it the same way. That's how you create consistency, scalability for the organization. And then the fifth and final key component is the traction component. And that's where you bring it all down to the ground and execute and make that vision a reality.

7:44Thank you so much for listening to today's episode of The Daily Motivation, and I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on The School of Greatness. And if you are loving The Daily Motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple podcast right now. And if you want more exclusive content and ad free listening experience, make sure to subscribe to our greatness plus channel on Apple podcast right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

8:34Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.

From the publisher

The Summit of Greatness is back! Buy your tickets today – summitofgreatness.com

Wickman emphasizes the importance of having a growth mindset, which involves embracing challenges, persisting in the face of setbacks, and seeing failures as opportunities for learning and improvement.

Check out the full episode

Sign up for the Greatness newsletter: http://www.greatness.com/newsletter


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