Inside Strategic Coach Podcast: Heroism in Entrepreneurship

Jul 4, 2024

Inside Strategic Coach Podcast with Dan Sullivan

Topic: Heroism and Scaling in Entrepreneurship

Key Points

  • Reactionary vs. Creative Heroism

    • Reactionary heroism: Involves responding to crises; often depicted in media (e.g., Jack Reacher novels).
    • Creative heroism: Proactively making a difference especially in predictable, safe environments.
  • Society's Shift

    • Modern world is more predictable, safe, and comfortable (e.g., bureaucracy, city safety).
    • Bureaucracies are designed to remove the need for heroism by ensuring predictability and safety.
    • In entrepreneurial settings, heroism can still thrive.
  • Bureaucracy vs. Entrepreneurship

    • Bureaucracies aim to eliminate unpredictability—heroic actions can disrupt the system.
    • Entrepreneurs thrive on unpredictability and innovation, making heroism more relevant.

The Doss Question: Framework for Creative Heroism

  • Primary Question

    • “If we were having a discussion three years from today, what has to happen in that period for you to feel very happy with your progress?”
    • Helps identify the client's vision for the future.
  • Three Follow-Up Questions

    • Dangers: What are the biggest risks you face now that need to be eliminated?
    • Opportunities: What new gains do you aspire to achieve?
    • Strengths: What are the existing capabilities you want to maximize?

Applying the Doss Method

  • Encourage clients to focus on their own future, not the entrepreneur's future.
  • Distill the conversation into actionable insights and offer specific help or connections.
  • Create value by providing full attention to the client's needs and goals.

Benefits of Creative Heroism

  • Enhanced client relationships: Clients feel understood and valued.
  • Personal and business growth: Entrepreneurs develop meaningful connections and new opportunities for service.
  • Differentiation: Stand out in the market as the entrepreneur who genuinely listens and cares.

Real-World Scenarios

  • Examples
    • Asking top clients about their future during economic downturns can lead to valuable insights and strengthen relationships.
    • Approach client meetings as opportunities to understand and support their future goals rather than sell a product or service.

Conclusion

  • Heroism in the 21st Century
    • An act of creative heroism is giving others your full attention and helping them with their vision for the future.
    • Effective in all economic conditions and builds long-lasting, meaningful client relationships.