The Million-Dollar Business Skill Nobody Likes to Talk About

Summary

What if the critical skill to building a successful million-dollar business was not a hard skill related to marketing or sales but a soft skill that nobody has ever taught you how to master? This video will discuss what it is and how to learn it FAST.

Transcript

What if the critical skill to building a successful million dollar business was not a hard skill related to marketing or sales, but a soft skill that nobody has ever taught you how to master? Let's get to it.

[INTRO] Hey, I'm Leon Castillo, founder of Selfmastered, a High-Performance training company that helps entrepreneurs scale their businesses by solving their solid bottlenecks, their own performance, will transform the unproductive, overwhelming and focus entrepreneurs into laser focused business athletes that can achieve in one day, what they previously achieved in one week.

So Charlie Munger, one of the smartest people in the 20th century in business said that there are terrible investors that happen to have very high accused but terrible temperaments, and he knows something that most businessmen don't, or when they learn it, it's usually very late in their careers. So if you learn this, today, you're gonna shave years of your learning curve, which is what this channel is essentially about.

And this skill is successful emotional management, which ends up being more important than IQ, that raw intelligence in the highest echelons of business, because mis management of your emotional potential leads to bad decision making and bad decision making lack of discernment, what can kill your business on a whim?

Now, I'm going to discuss a very simple framework that I built over the years to really give you a new understanding of how to deal with your emotions. Because if you think about it, emotions are artifacts that are hard to define, depending on who you ask a psychologist, philosopher and neuroscientists each person, we're going to give you a different answer. And we don't really care about what it is what we care is, what can we do with it? How can we minimize their negative and pernicious effects they may have on performance. Now, before we get into the framework, what is the goal? What are we trying to achieve with this framework? Well, it's complete control or no emotional variety.

That doesn't mean that you need to become a robot, it means that you need to remain in control irrespectively of what life throws at you the good. The bad, essentially, is about treating the two impostors just the same, as Roger Kipling wrote in his poem, titled, if you can meet with triumph and disaster, and treat those two impostors just the same, is about being tranquil and in control, and how do you achieve this.

So the first thing you need to do is to actually invert the traditional emotional management models, because think about it, people care about emotional management ones, they have some pain or hurt when they are suffering from a mismanagement of their emotions. So it's a post conflict emotional management strategy that doesn't protect you

. And the goal here is to high high leverage and the highest leverage is found in prevention, not in correction, as Benjamin Franklin said, it is better An ounce of prevention than a pound of cure. So the first thing we need to understand is that we need to architect our internal state in our external environment to Eve us the keys to successful emotional management, which leads me to the idea that we have been discussing this channel for quite some months at this point, that you are a complex system that you can tweak the systems of your life, both the external and the eternal, to give you the results you want. And this is essentially the same principle behind our emotional management framework.

Now before we dive deep into it, remember to like, subscribe, and hit the bell, because we're running promotions for subscribers that have the belt activated, and I don't want you to miss on essentially 1000s of dollars worth of courses on productivity and performance that can essentially make your life much easier. So don't miss out on that.

So what is this systematic framework? Well, essentially, is, as we discussed, you need to separate the external sources of conflict and the internal sources of conflict. And you need to deal with those things in a systematic way, removing the bottlenecks that are preventing you from being in control and tranquil.

Let's start with the internal as you know, all humans go through life accumulating experiences, to which we assign meaning and as the renaissance of stoicism and Jordan Peterson's teaching. Successful self management is predicated on your ability to detach yourself from those thoughts and emotions that may not be serving you well.

So the number one tip in order to control your internal environment is to detach yourself from the feelings and emotions and the thought that arises in your head. stoicism in essence is about cultivating an understanding of the distance that lies between action and reaction to what happens to you and what you do with that what happens to you this is also one of the basis of Buddhism. So you Your internal state is mastered by cultivating this detachment from the input and controlling the outputs. And you can do this through meditation.

There are several trainings on this. But the goal is to always stop emotional reactions that you do not control, because you are aware of how you react to this. Now, depending on on who you are, and the kind of experience that you've had in the past, maybe you have trauma, you may need some help in order to give yourself this room to choose your reaction, right.

So I'm not saying that is easy. I'm saying that is simple. But the procedure is always the same. Give yourself your ability to detach yourself and really think about the reaction that you want to give to each action. So that's how you master your internal state is about being mindful of everything that arises within you, and only choose the things that actually lead to having low emotional violence or remain in control.

And now how to architect the external, this is very important, see emotional follow mechanics. So just as you have your ability to choose your reaction, you can also choose what are the inputs that are leading to those internal reactions, if you happen to have a bad relationship that is driving you nuts, that is pushing your anxiety to the roof, then a sensible thing to do is to remove that negative stimulus from your life.

If you are constantly battling or juggling between 1000 different jobs, probably the best thing to do is to remove the lowest leverage the things are less important in your life and just keep the things that are value because that will give you room to remove part of the stress that may be affecting your emotional management, in essence, everything and anything that doesn't align with your goals that doesn't align with this idea of being in control at all times on all fronts has to go. And this is crucial. If you do not remove the things that don't help you get where you want to get you will never get.

Of course, there's things that you cannot control life sometimes happen to us. But if we have done the necessary work of architecting our environment to prevent surprises and then architecting our internal environment to prevent mismanage emotional handling, you will be much better equipped to deal with the entrepreneurial life because being an entrepreneur is super hard

. And if you do not have the emotional stamina, if you do not know how to remain in control, you're going to suffer unnecessarily. So as you know, building a million dollar business is about consistency on the right things and the number one source of mismanaged consistency is you guessed it, not being able to self regulate our emotions in a way that is productive.

I hope this was useful. Please let me know in the comments if you learned anything and if you want me to dig deeper into emotional management in subsequent videos.