Inside Strategic Coach: An Interview With John Figworth
Introduction
- Host: Shannon Waller
- Guests: Dan Sullivan and John Figworth
- John has been with Strategic Coach for nearly 20 years
- Focus: Key transformations and breakthroughs John experienced in the program
Key Concepts Introduced by Strategic Coach
Entrepreneurial Time System
- Breaking time into different categories:
- Free Days: Personal time, no work
- Focus Days: High-priority, impactful work
- Buffer Days: Preparation and maintenance tasks
- Counterintuitive approach: More effective, less work, more profitability
- Importance of mastering delegation to grow
Delegation
- Challenge routine tasks:
- Why am I doing this?
- Can anyone else do this?
- Is it fun?
- Delegation shifts from doing everything yourself to having a team manage tasks
- Realization: Moral worth not tied to doing everything oneself
- Example: John delegated tasks to the point of eliminating need for an office
Impact of Strategic Coach on John's Mindset
Identity Shift
- Preparedness to change identity
- Evolved from working every weekend to prioritizing personal time
- Flexibility in identity connected to results, not processes
- Emphasis on hiring smarter people
Time Management and Hobbies
- Introduction to the concept of free, focus, and buffer days was revolutionary
- Resulted in more time for hobbies and personal interests
- Frame of mind change: Business does not detract from personal pleasures
Productivity and Business Growth
- Working smarter, not harder
- Experience of working less but achieving more
- Change in approach towards business: fun and rewarding
- Success is realized in the present, not just a future goal
Coach Concepts and Tools
The Impact Filter
- Pre-determining the impact of actions
- Understanding high and low impact outcomes
- Helps in realizing what should or shouldn't be done
Structural Changes in Business
- Outgrowing clients, employees, and processes
- Willingness to embrace fast change
- Transition to a point where delegating becomes second nature
The Philosophy of 10x Growth
Difference between 2x and 10x
- 2x: Doubling current efforts; working harder
- 10x: Transforming the business; requires delegation and efficiency
- 10x Company: Different people, clients, and systems
Master Delegator: Example of George C Marshall
- Efficient use of time; directed tasks clearly through delegation
- Key takeaway: Effective delegation results in massive growth
Personal Business Transformation
- Transition from a doubled business to a 10x mindset
- Quick adaptation and refinement of hiring people who fit the 10x vision
- Elimination of non-aligned clients or employees
Conclusion
- Overall impact: Working less, achieving more
- Emphasis on delegation, time management, and willingness to change identity
Main Takeaway: The Strategic Coach program defies conventional business wisdom by encouraging entrepreneurs to delegate extensively, work less, and achieve more. The 10x growth mentality requires a complete upheaval of traditional methods, leading to both personal and professional transformation.