Impact Filter is the primary focus (mentioned three times as the most critical tool).
Comparable to the importance of location in real estate.
Itβs a communication tool for new projects.
Helps entrepreneurs clearly communicate project value, importance, and completion criteria to their team members.
Role of the Entrepreneur
Entrepreneurs should create breakthrough projects but not manage the task execution.
Entrepreneurs visualize great initiatives and let team members use their skills for implementation.
Example: The speaker oversees projects for the Strategic Coach program, while their partner manages the organization.
Project-Based Approach
Everything moving forward is treated as a project (e.g., exercises, workshops, events, podcasts, interviews, books).
Elements of the Impact Filter
Project Definition: Clearly define what the project is.
Importance: Explain why the project is important and the difference it will make.
Ideal Outcome: Describe what the ideal completed project looks like.
This step is essential to convince oneself and others of the project's value.
Includes the best result and worst result sections.
Best result: The project is successfully achieved, avoiding feeling of defeat.
Worst result: Ensuring successful completion to avoid loss.
Communication Protocols
Verbal ideas can be disregarded unless formalized into an Impact Filter.
Involves the team leader strategizing and distributing tasks among team members.
Often includes a follow-up Impact Filter from the project leader outlining the execution plan.
Benefits of Using the Impact Filter
Context over Content: Prioritizes explaining the 'why' behind the project, allowing teams to understand its importance and prioritize effectively.
Execution: Encourages utilizing team members' best capabilities and knowledge without micromanaging how results are achieved.
Clarity: Minimizes the need for ongoing clarification meetings once initial communications are established.
Commitment and Celebration: Ensures commitment to the project and celebrates successful completion.
Summary
The Impact Filter has been used for 15-20 years with significant positive effects, ensuring clear communication and effective project completion with minimal confusion.
Three Major Results: Context, Empowerment, Clarity.
High volume of Impact Filters indicates its central role (around 150 instances per year).