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Do You Have What It Takes To Be A 10x Entrepreneur?

There are major differences between regular entrepreneurs and 10x entrepreneurs. Do you know which type you are? In this episode, business coaches Dan Sullivan and Shannon Waller explain what makes someone a 10x entrepreneur and reveal the best things you can do if you are one.

Here’s some of what you’ll learn in this episode:

  • What you can tell about an entrepreneur by how they talk about their goals.
  • The best types of goals for entrepreneurs to have.
  • What makes an entrepreneur a good fit for The Strategic Coach® Program.
  • The entrepreneur motivation and growth mindset that mean you’ll never stop growing.
  • The question that gives an entrepreneur a bigger future.
  • How to surround yourself with other constantly growing people.

Show Notes:

Dreams and wishes aren’t measurable, but goals are.

10x entrepreneurs constantly think, “What we have now is great, but what does it look like when it’s 10x?”

The reward for going 10x is that you get to do it again.

10x entrepreneurs aren’t looking for quick fixes; they’re looking to put in the work and time to get to a higher level.

Over time, you get better at recognizing what’s worth your time and what isn’t.

Only one out of every 400 entrepreneurs would be a good fit for The Strategic Coach Program.

Status is a byproduct of capability.

You only know you have greater capability if you’re getting greater results.

People who are always striving for greater capability never stop growing.

A person who is growth-minded might worry about outgrowing someone who isn’t growing.

What makes a business complicated is the social pressure from outside of you.


The 4 C’s Formula by Dan Sullivan

The Entrepreneur’s Guide To 10x Growth

The Multiplier Mindset® Podcast

Episode Transcript:
Shannon Waller: Hi, Shannon Waller here and welcome to Inside Strategic Coach with Dan Sullivan. Dan, a question came out of a workshop the other day, not one of your workshops, a different workshop, that I wanted to ask you and see what your answer is because I'm kind of curious. What is the difference between an entrepreneur, a regular entrepreneur, if there is such a creature, and a 10x entrepreneur? Can you look at them? Can you suss them out at the beginning? Is it factory installed or is it something you can grow? I'm just really curious, what's the difference between an entrepreneur and a 10x entrepreneur?
Dan Sullivan: I think there's a lot of differentiators here, but the first one I go with is what is their future commitment? I mean, usually I don't meet any entrepreneurs unless they want to do better in the future. The language they use to describe their future, is it actually a goal or is it sort of a bumper sticker? What I mean by that, is it a goal or is it a wish, a dream? Is it a dream? And I said, "Dreams aren't measurable. Wishes are not measurable. Goals are measurable. Goals have numbers attached to them. They have time frames attached to them, and they have a context to them." And what I mean by that, if I accomplish this goal, then I can do this.
The other thing is that their goals generally take the form not of a particular event, but a future capability that's greater than the capability that they have right now. Their goals are capability goals, and what I mean by that, they have a picture of themselves operating in a much more successful and a much more rewarding way in the future, and they're very, very clear of that performance, this kind of picture of themselves in the future operating at a higher level.