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  • This is life AND enterprise management.

  • And so, as a result,

  • we want to make sure we work on both.

  • We want to create a system that allows you to succeed in both areas: life

  • and your enterprise.

  • By the way, which one would you say is more valuable? ("Life!") Which one? ("Life!")

  • That's not how most people live the game.

  • Most people make it the enterprise.

  • And as they make it the enterprise,

  • they wake up and they have a tremendous amount of

  • economic success-if they're successful

  • and what's ironic is what makes you successful may not make you fulfilled.

  • And so, there's a big pull in our culture to go for what's most successful,

  • what will reward you culturally

  • with respect or acknowledgement or stars on your chart or economic rewards

  • thinking that will give us freedom,

  • but how many of you have been very successful in business and not been free?

  • I.e.,

  • your business, as it got more successful, demanded even more from you?

  • How many of you have had this experience? Say "aye." ("Aye.")

  • So what I really want to make sure comes out of this

  • is an evaluation of what your real gifts are that are going to fulfill you,

  • because many of you are living a script around your life

  • that involves having an enterprise

  • when really that may not be your true nature.

  • That's not to say you can't do it.

  • It just means you can do it and you'll be stressed out of your life,

  • stressed out of your mind.

  • And so, one of the things we want to find out is how much of that is natural

  • as a problem.

  • How much of that is maybe unnatural?

  • Unnatural meaning

  • you're having problems right now that you shouldn't be having at this stage of development.

  • Think about it: if a child is brand new

  • and have a problem with controlling their bladder,

  • that's a natural problem, isn't it?

  • But, if you're fifty and you have this problem,

  • you've got a challenge! If a brand new business has a cashflow challenge,

  • it's a problem, but it's a natural problem.

  • If it's a business that's been around 5 or 10 years and it's got a cashflow problem,

  • you've got a real abnormal problem. Maybe you've got a problem that's even life-threatening

  • to the business.

  • How many follow what I'm talking about here?

  • Sometimes, those problems have to do with the fact that you don't understand

  • the stage of development you're in. The most important element is for you to be able to do this:

  • to be able to establish, most importantly,

  • where you really are in your life today.

  • Where are you

  • and where do you really want to go?

  • What's going to create this extraordinary life

  • and to look at it brand new,

  • because some of you right now, if you continue the direction you're going,

  • are going to be successful and unfulfilled, unhappy and stressed,

  • because once we get, you know, into a dream,

  • then that dream starts to take on a life of its own. It gives us juice,

  • it gives us energy, but

  • how many ever got the dream,

  • achieved your goal,

  • and then thought, "is this all there is?" How many have ever had this experience? Say "aye." ("Aye.")

  • That's more painful than not even achieving it!

  • 'Cause now you've done, you've worked it out, you're successful and you're not happy.

  • So, for some of you, you're gonna need to take a look at that.

  • Michael Gerber, the guy who wrote The E-Myth, talks about why so many

  • businesses, young businesses fail, and one of these things he says is most people

  • are not really entrepreneurs, but they think that's what they should be.

  • They think that's the sexy thing, that's the most attractive thing,

  • that's the best answer.

  • And when I say to you is you've got to separate the vehicle

  • from the outcome.

  • What is it that's going to truly fulfill you? What is it that's going to give you that

  • extraordinary life?

  • What's going to make things magnificent on your terms, not somebody else's terms,

  • not your father, your mother, your background.

  • What is that really?

  • Separate the vehicles, as there's many ways to get that vehicle.

  • I was here in town just the other day and I met a gentleman over here.

  • Steve Wynn's a good friend of mine who started

  • well, basically, built most of Las Vegas. And he built just recently, you know,

  • the Wynn Casino a few years back.

  • 2.7 billion dollar hotel.

  • The most expensive individual building ever personally financed. Individually financed.

  • To give you an idea, the first estimates on the rebuilding of the World Trade Center

  • were $1.7 billion. $2.6 billion for a hotel.

  • Right, this man has

  • the ability to take large risks

  • and he has the ability to really succeeded in a major way.

  • But I bring that up because I was in town and

  • for our new home we were getting some...

  • We have these hot springs, we were getting some really large crystals and

  • there's a guy in town that has this crystal shop, right?

  • But you've got to make an appointment to see the guy!

  • It's unbelievable, so I get to know him and talk to him and find out he's great friends with Steve.

  • He's been skiing with Steve for 20 years. This guy used to have this business.

  • He sold the business. Didn't actually make that much money, but he was tired of the stress of the business

  • And he said "I'm just going to do what I love." And what I love to do is ski. Everyday.

  • So, what he did was he started his little crystal business, made plenty of money, you know

  • this litte business, set aside some money from his previous business and he

  • gets up every day and skis, has a blast,

  • and he has this unbelievable lifestyle.

  • Because, you know he's Steve Wynn's guest everywhere. He flies on the Gulfstream,

  • doesn't have to pay for it.

  • Doesn't pay the insurance, doesn't have to pay for the fuel, doesn't worry about maintenance,

  • managing it, or anything.

  • And he's telling me about all these things he does in his life. He has a billion-dollar lifestyle.

  • Billionaire's lifestyle.

  • But he structured his life in a way that's fulfilling, where he as time for his grandkids

  • where he has time for his wife, where he has time for his passions,

  • but he just does it in a different way. He had this big dream, he said, of making this gigantic business

  • and all it did was stress him out.

  • Now, I'm not saying that's the answer for you,

  • but I'm saying sometimes you gotta reevaluate what's going to really make

  • you fulfilled.

  • What is your gift?

  • Are you an artist, are you the talent

  • that can produce something no one else produces—a skill or product or service

  • or some impact?

  • Are you incredibly good at management?

  • You really know how to manage or lead people.

  • Are you an extraordinary entrepeneur that can take that gigantic gut load of risk

  • and can create the vision and attract the talent that you need and the managers

  • and leaders.

  • You may have all three abilities,

  • but which one really fulfills you the most

  • is going to the critical question.

  • 'Cause we tend to want to do them all, especially with a room like this

  • because you're all overachievers, right? Me too.

  • And you say, "Well, I can do all these."

  • Yes, you can,

  • but what will it do to your quality of life?

  • See, again,

  • the secret's going to be this:

  • what is an extraordinary life on your terms today?

This is life AND enterprise management.

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