#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

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Creating Confidence with Heather Monahan 42 min 9 speakers 8 chapters transcribed
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How can you transform your mindset for success?

Colin O’Brady 0:00
We can be and become anything that we set our minds to through diligence and hard work of saying, I might not be this right now, but a fixed mindset says, I might not be this right now and I will never be this ever. But being able to claim that identity, I am this, a possible mindset says the possibilities are limitless.
Heather Monahan 0:18
Come on this journey with me. Each week when you join me, I'm ready for my closeup. Happy New Year. Have you created your resolutions yet? If you need a little help in getting you into a mindset that will challenge you to dream bigger than ever before, then this is what I have for you. Today's episode features some of my most successful guests in business who weren't afraid to dream big. and then take the necessary bold action. Remember, they took the messy action. It's your turn now, my friend. If you can dream it, you can create it. I truly believe that. Don't forget, if you need a hand, you need some accountability, and you wanna be a part of a team that's running with you, so you don't need to go it alone, click the link in the show notes below. You're gonna find...
Heather Monahan 1:09
the opportunity to sign up for my group coaching. Jump in now before it's too late. All right, this episode is going to walk you through how you can just go bigger. 2025, it's your year. How do other entrepreneurs know when is it right to just focus on one thing versus diversify?
Steven Bartlett 1:33
Yes. So in our portfolio, so Flight Group is our holding company. We have 41 different companies. And I'd say we have significant operational involvement in about five of them. But there's 41 in total. Some of them are more passive investments. Some of them we might have a 20 or 30 percent stake in. And then some of them we have a majority position in. The key thing to answer your question is a company by definition of the word is group of people. So for me, when I got to the point in my life where I had the leverage, the resources to hire exceptional people and delegate, that's when I knew I could do more than one thing. And Richard Branson, who I met in New York and I went to an event with him and then I interviewed him for a couple of hours, is the absolute master of this. He said to me, because he's dyslexic, so he struggles with reading and he's not particularly good at maths in his own words. He said to me, I've always had to ask who, not how. And this is like, my girlfriend started a business.
Steven Bartlett 2:32
It does like breath work and meditation. And I remember walking in the front room and watching her for seven hours try and figure out how to build a website. And that for me is almost a metaphor from what I see from entrepreneurs. They spend so much time, they waste so much time doing things that they are not good at. What Richard Branson taught me is business is about effective delegation. Richard Branson, in his 50s, ran one of the biggest groups in Europe, right? And he told me about a meeting he had, at 50 years old, runs one of the biggest groups in Europe, where he sat in the meeting and his CFO says, Richard, do you know what's going on? He goes, he's like, no. His CFO takes him out of the room, draws a picture of an ocean,
Steven Bartlett 3:20
and then draws a picture of a net in the ocean and then puts some fishies in the net and goes, Richard, this is what net profit is. Net profit is the fishies here in the net. At this point, Richard is running one of the biggest groups in Europe and he doesn't know what net profit is. Because he's been such a good delegator for his entire career that he doesn't really need to know a bunch of stuff. He's so good at finding people and giving them responsibility. In this season of my life, that is what I'm doing. I'm finding exceptional individuals. I'm spending about 20 hours a week of my time on recruitment and I'm empowering them to start companies. Again, I've researched this really, really deeply. I've interviewed Walter Isaacson, who followed Elon Musk for two years, and he followed Steve Jobs pretty much until the day he died. And I asked him, I said, what's their secret? He said, specifically in the case of Steve Jobs, he said, you know, Steve, I was in the backyard with Steve Jobs before he died. And I asked him a question.

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