WEBVTT

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All right. Let's see here. We are good to go.

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Now, we have an absolute rock star on the show

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today in Philip Shett. Philip Shett is the founder

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of Wave9. He specializes in a business term that

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I see so few SMBs and digital founders and agencies

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and legacy builders even know about. Yet it's

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one of the greatest secrets that unlocked massive

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success for Intuit and Google. One of the very

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first investors in Google is one of the original

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creators of OKRs is what we're talking about.

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Objectives, key results. We're going to be talking

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about goals. We're going to talk about unhealthy

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relationships with goals. We're going to talk

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about how to make sure that you ultimately have

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the best chance possible of succeeding as a visionary.

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I'll bring my perspective. He'll, of course,

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bring his. We might bring the gloves on at some

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point and duke it out over goals. But no, I really

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don't think so. Philip, you have absolutely impressed

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me with just your demeanor. the way you've set

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up your website, the way Wave9 is going about

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helping more than 300 brands ultimately set goals

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the right way and achieve success. So welcome

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to Vision Pros Live. Thanks for being here today.

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Thank you so much for the kind words and thank

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you so much for having me. Yeah, absolutely,

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Philip. So let's go to the beginning a little

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bit. How did you get into this whole OKR space

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and goal setting? What were things like before?

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the 300 companies that you've helped succeed

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yeah you know i so very quickly people will hear

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my my accent wonder where i'm from so i'm german

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and i moved to the states in 2014 moved to california

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moved to silicon valley and i was actually sent

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by a german company to silicon valley to explore

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what people are doing there and what great ideas

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they're working on i was called an innovation

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scout that was my role and so the idea was okay

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they sent me there it was 2014 and i figured

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out okay hey they have this great idea and then

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maybe we can implement it in germany or maybe

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we can buy it or maybe we can we can do something

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similar and so that was that was the whole idea

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of of my role and very quickly i realized that

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You know, Silicon Valley is awesome, but it's

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not that the ideas are that much different to

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the ideas in Berlin or the ideas in London or

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Paris or Barcelona. Like people have great ideas

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there too. But what is different is the ability

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to execute on those ideas. And then I got like,

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okay, maybe my whole like belief is wrong here.

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And it isn't about the ideas. It is about something

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else. and one little piece that was different

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is that people were setting very different goals

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on the one hand they were much more ambitious

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but they were also much more inclusive much much

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transparent much shorter term often not set for

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too long but rather for shorter time horizons

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much more agile much more with a high urgency

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for for action and so with a high bias towards

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that too and so that's That's at the end how

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I explored gold setting. And then I met, well,

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also very typical Silicon Valley story. I met

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Deidre Pagnon, the founder of Workboard. Workboard

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was a very small, but already very interesting

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gold setting platform, a SaaS company. They scaled.

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raised 150 million in venture capital and we

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became their implementation partner and so that's

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how we were able to scale alongside a venture

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capital start well backed company and so that's

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how i explored okrs and that's how i became very

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very proficient in them because we were just

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able to well make a lot of mistakes in the first

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few dozen and then iterate and learn every time

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I love that. And I'm going to be super selfish

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on this for all of us as vision pros. How do

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we become proficient at using OKRs? What are

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some of the big secrets, Philip? Yeah. Luckily,

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OKRs, and for everyone who hasn't really heard

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the term, sorry, I'm always forgetting to introduce

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it. It's objectives and key results. It's very

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simple. So that's the good news. It's very simple.

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all you need and you don't need to implement

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it at 300 companies to become proficient right

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so there's a lot you can learn and you can do

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better right away and you can implement in your

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in your organization no matter the size right

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even if you're just setting goals for yourself

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right some of this might already help but if

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you have a few employees and a few team members

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i'm sure this can help so Objectives and key

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results, very simple methodology. At the end,

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you have to have some objectives. That's a qualitative

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statement and some key results. That's how you

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measure you're actually making progress. And

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so how are you going to get good at it? Let's

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maybe start with a few things that are typical

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for goal setting but don't really help. So first

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of all, you... You just need to start setting

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goals. Okay, so that's very, very like super

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basic, but many of us don't even have goals or

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aren't really writing them down or just, oh,

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and today it's this and then tomorrow or next

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week it's something else, right? So first you

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want to have very simplistic, a structured process

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where once a year and then maybe every quarter

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you are going to set some OKRs. And so that's...

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that's very important because look before i discovered

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okay as i was also setting goals but then i was

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setting goals sometimes in february sometimes

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in april and then again in in may or june right

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and then and then i was forgetting about all

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of those very very quickly too so you wanna you

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wanna set goals and then if you have a team don't

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set goals for your team set it with them so i

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think that's something That's really close to

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my heart. I'm still old enough to have experienced

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workplaces where at the beginning of the year,

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the manager came in and said, hey, these are

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our goals for the year. And now let's go tackle

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them. And that was typically as energizing as,

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well, decaffeinated coffee. And really you want

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a goal setting process to be a double shot of

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espresso, a really good one. And you do that

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by involving your team. And so that's a slower

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process for sure. If I set goals for my organization,

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I'm done in an hour. That's super quick. If I

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involve everyone, then suddenly I have discussions.

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Suddenly I have some healthy conflict, maybe

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even some unhealthy conflict. I have all of those

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discussions. I have to explain things. sometimes

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i like that and sometimes i hate it right oh

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don't ask me why this is important it's just

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important that's that's sometimes they like it

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and sometimes they hate it exactly so you you

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but but you you gotta you gotta have you have

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to involve your team nothing creates like nothing

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you can't really you can't really create motivation

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you can just destroy motivation and kill motivation

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and people and so And the quickest way to do

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that is to give them goals that they had no say

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in, that they don't believe in, that they don't

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think are the right goals, that they don't think

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are valuable. And so, yes, at the end, once you've

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set goals, you need to disagree and commit, right?

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You need to have everyone in the organization

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commit to those goals. So that's where, even

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if you have conflict, that's where it needs to

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end. But you have to involve them. And then you

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want to also make those goals transparent. And

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so that's sometimes a bit of a culture shock

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for some organizations. But when we set goals,

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it's clear that they are visible for everyone

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and that the achievement of those goals is also

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visible. And so that's transparency that I think

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is beneficial for organizations. Because at the

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end, well, in good times as in bad times, you

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want to share how the organization is doing and

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that transparency is typically helpful. And so

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you want to involve people and you want to, yeah,

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you want to make those goals transparent and

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also the achievement. There are a few more things,

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but I want to make sure that, yeah, I give you

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room to talk too. Oh, I love it. Oh, no, I love

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it. I love it. Thank you for that too. One of

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the things that you said that struck me today

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in a way that's going to help the rest of my

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life. In addition to, of course, OKRs and frameworks,

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you said you can't really create motivation,

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but you can destroy motivation. And as somebody

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who has struggled with that process of, you know,

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as much as I think I have an impact on creating

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motivation sometimes, I'm so much better at destroying

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it. There's so much wisdom and maturity in what

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you said that I can apply right away and be like,

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dang, if I just get a little bit more out of

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the way as a leader, right, if I just allow my

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team to speak a little bit more, if I use a line,

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tell me more about that, right, and let them

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facilitate their thing, I'm more likely to create

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motivation just by ensuring I don't destroy it

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than if I try to become some type of jester or

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facilitator of it. thoughts on that 100 and so

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when we when we set goals in our organization

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i do it i i try and set very few goals like very

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few okay of course there's a revenue goal and

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a bit of a profitability goal and then there

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are a few more that are for me important and

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how we get there but then i let the team decide

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on a ton of almost all of the other goals and

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so and that was that was very difficult for me

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to learn too um in the beginning i was a very

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controlling ceo i was a very controlling founder

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i was basically in every project i was involved

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in every decision and i mean i couldn't do that

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for a very long time and i couldn't do that for

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yeah forever and it also led to the organization

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just being very slow and so a way better approach

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is to set fewer expectations and then let the

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team run a ton more and now i would say my a

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players have really stepped up and have really

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filled a lot of the vacuum that I left by not

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filling everything. And it also became clear

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who were my absolute C players, right? I definitely

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had some of those too, but I was very often creating

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an environment where that wasn't very obvious

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because I was there anyway, right? I was in every

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call, I was there anyway. And so you create a

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better organization by... empowering your people

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and goal setting is a great way to do that. I

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love that. It's so true. I see what you're saying.

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It exposes the C players because if you take

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a back seat and we keep our mouth shut as the

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founders and we allow our team members to go

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after the goals, you can see who steps up, you

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can see who shies away, you can see who doesn't

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engage in the conversation. Those are some of

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the things you're alluding to, right? 100%. you

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of course have to differentiate between someone

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who's just shy and an introvert and someone who

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is shying away from responsibility, right? So

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you have to work in different mechanisms, not

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only in an open group discussion where obviously

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some people will feel a bit less comfortable

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bringing up their ideas. But if you have a process

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that's... That's a workshop, but then it's also

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maybe some async collaboration and a Google Doc.

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And maybe you give different mechanisms to make

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your voice heard. If you do that, then it will

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become very clear who's actually interested in

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bringing the company forward and who is not.

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I'll stack two resources to help on this. One,

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Patrick Lencioni's book, The Five Dysfunctions

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of a Team. And if a leader does a great job of

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applying what's taught in that book. it's impossible

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not to unlock a sense of healthy conflict and

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discussion. Two, and even easier to apply methodology,

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Jeff Bezos of Amazon, in his company meetings,

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they have the person who is newest to the team

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speak first. And I thought that was just brilliant

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and awesome because if the person, if everybody

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else speaks first, that person feels so intimidated

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and out of place by the end of, they don't really

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feel like they can contribute anything of value.

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But if you start with the person who's newest

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and who's most shy, then it, and if that's the

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rule that's set, then nobody can step away from

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saying like, well, I, I, I have to at least say,

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I don't want to say anything. And so it does

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create some type of engagement. So those are

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two little secrets that. I'll put out there that

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I've heard along the way. We're going to come

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back. We're going to take a little break, but

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I'm also going to reveal one other thing that

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you said that really hit me. You talked about

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how as a founder, you still stay at the helm,

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perhaps sometimes or maybe always, of the goals

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related to revenue and profitability. And I think

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that's a very important reality because I think

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sometimes in my past as a leader, I was so eager

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to get the team involved. And so eager to do

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the right thing as a leader that I ended up shirking

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some of the responsibility that my team needed

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me to ultimately weigh in on. Because, you know,

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imagine if you've got somebody who's new or shy

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or hasn't had a lot of leadership opportunity

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and some, you know, overbearing founder comes

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like, okay, it's your turn to set the revenue

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goal. It's like, what? Like, I don't want to

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be responsible for that. I don't want to be the

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one accountable to make that happen. I love that

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you talked about how you still stay in charge

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of those two dynamics and probably others. So

00:15:18.840 --> 00:15:21.100
there's a lot of emotional intelligence baked

00:15:21.100 --> 00:15:23.019
into this as well. We're going to come back.

00:15:23.179 --> 00:15:26.179
We're going to reveal more about what it is that

00:15:26.179 --> 00:15:28.179
we're doing with OKRs, what types of results

00:15:28.179 --> 00:15:30.500
we've been able to drive with them, some of the

00:15:30.500 --> 00:15:34.000
ins and outs of things that you might warn companies

00:15:34.000 --> 00:15:37.580
to not overlook or to not. to not lose sight

00:15:37.580 --> 00:15:39.639
of in the process. And we'll just keep doubling

00:15:39.639 --> 00:15:42.120
down on this value, Philip. So thanks for everything

00:15:42.120 --> 00:15:43.740
you've shared so far. And we'll see you guys

00:15:43.740 --> 00:15:45.620
on the other side. We'll be right back. All right.

00:15:45.620 --> 00:15:49.460
Welcome in to Vision Pros Live with Jackson Callum.

00:15:49.460 --> 00:15:51.419
I'm your show host. We'll be doing interviews

00:15:51.419 --> 00:15:53.919
for visionary entrepreneurs and guest leaders

00:15:53.919 --> 00:15:56.480
who are building fantastic visions out there.

00:16:07.179 --> 00:16:08.779
Hey, what's up, everybody? Welcome into another

00:16:08.779 --> 00:16:11.059
show of Vision Pros Live. I'm your show host,

00:16:11.200 --> 00:16:13.100
Jackson Callum, founder and CEO of First Class

00:16:13.100 --> 00:16:15.639
Business, and I'm excited to have Philip Shett

00:16:15.639 --> 00:16:17.600
on board today. We're talking about goals that

00:16:17.600 --> 00:16:20.740
create energy, not burnout. We're going to be

00:16:20.740 --> 00:16:22.940
talking about, you know, we've got a subtitle

00:16:22.940 --> 00:16:24.840
on this, what 300 companies, 300 plus companies

00:16:24.840 --> 00:16:27.580
have taught Philip and I about setting the right

00:16:27.580 --> 00:16:29.240
goals, but that's just counting his companies.

00:16:29.929 --> 00:16:32.169
too. And on my side, it's, it's pretty close

00:16:32.169 --> 00:16:34.389
to the same, but we've had different levels of

00:16:34.389 --> 00:16:36.429
companies too. He's worked with companies that

00:16:36.429 --> 00:16:39.190
have done, that have raised 50 million in capital

00:16:39.190 --> 00:16:42.750
through VC backed. And the only VC backed company

00:16:42.750 --> 00:16:45.889
that I can recall that I worked with was own

00:16:45.889 --> 00:16:47.970
local back when it was seen interactive and we

00:16:47.970 --> 00:16:52.649
raised 10 million with with Y Combinator. And

00:16:52.649 --> 00:16:54.470
so we got to learn some really cool things, but

00:16:54.470 --> 00:16:56.789
I was either young, dumb and immature and didn't

00:16:56.789 --> 00:17:00.950
hear about the OKRs back then, or Well, we didn't

00:17:00.950 --> 00:17:03.629
actually measure based on OKRs and work with

00:17:03.629 --> 00:17:06.150
them. And while we were able to get lucky to

00:17:06.150 --> 00:17:08.170
raise that $10 million and move the brand forward,

00:17:08.450 --> 00:17:11.950
there was so much that we could have done better.

00:17:12.049 --> 00:17:14.089
And it would have been neat to know Philip back

00:17:14.089 --> 00:17:16.650
when we were starting that. It wasn't until years

00:17:16.650 --> 00:17:21.369
later. That was in 2009. And it wasn't until

00:17:21.369 --> 00:17:26.549
2017, I believe it was, eight years later, where

00:17:26.549 --> 00:17:29.759
somebody brought up OKRs. And I thought, no,

00:17:29.859 --> 00:17:33.140
I'm sorry. 2017, we touched on it at Irrational

00:17:33.140 --> 00:17:35.859
Marketing. Forgot about that. I need to fast

00:17:35.859 --> 00:17:39.740
forward further. It was 2021 before. So 11, 12

00:17:39.740 --> 00:17:42.480
years later before somebody meaningfully brought

00:17:42.480 --> 00:17:45.160
up OKRs that I respected and was like, hey, we

00:17:45.160 --> 00:17:46.759
should really be implementing these at the company.

00:17:46.920 --> 00:17:48.559
And I started to really pay attention to that.

00:17:48.619 --> 00:17:51.059
It's only five years ago or really probably four

00:17:51.059 --> 00:17:52.720
years ago where I started to say, you know what?

00:17:52.759 --> 00:17:55.619
I need to look into this. And as I did. I uncovered

00:17:55.619 --> 00:17:58.099
some super powerful truths about how Google is

00:17:58.099 --> 00:18:00.160
building their brand, how Intel builds their

00:18:00.160 --> 00:18:02.460
brand. And then I discovered Philip along the

00:18:02.460 --> 00:18:04.779
way with the show as well. So I cannot say enough

00:18:04.779 --> 00:18:07.240
about the importance of this subject, but I really

00:18:07.240 --> 00:18:09.039
want to make sure that's teed up. So all of you

00:18:09.039 --> 00:18:11.059
pull your, pull your notebooks out, pull your

00:18:11.059 --> 00:18:13.380
paper out because this guy, Philip, he's not

00:18:13.380 --> 00:18:15.359
only been helping all these companies on it,

00:18:15.400 --> 00:18:17.839
but he's been writing a book. Forget this. More

00:18:17.839 --> 00:18:20.680
than 10 years, not 10 minutes with ChatGPT. More

00:18:20.680 --> 00:18:22.740
than 10 years, he's been putting time and effort

00:18:22.740 --> 00:18:24.900
into this book to help companies. And one of

00:18:24.900 --> 00:18:26.619
the other big things that Philip brought up while

00:18:26.619 --> 00:18:28.680
I was talking to him in our pre -show and our

00:18:28.680 --> 00:18:32.900
first session was that as he's come to as a consultant

00:18:32.900 --> 00:18:35.599
in the United States from Germany, imagine how

00:18:35.599 --> 00:18:38.700
hard it is to make a name for yourself and to

00:18:38.700 --> 00:18:40.740
help prove to the companies the importance of

00:18:40.740 --> 00:18:43.440
your value. When you are an immigrant in that,

00:18:43.440 --> 00:18:45.079
you got to prove your worth. You got to help

00:18:45.079 --> 00:18:47.539
people see the value. And so I really respect

00:18:47.539 --> 00:18:50.579
the amount of diligence, tenacity, and the amount

00:18:50.579 --> 00:18:52.279
of personality that he brings to the table as

00:18:52.279 --> 00:18:53.900
well with all of this. So I'm about to bring

00:18:53.900 --> 00:18:56.460
him back on before I do a couple of other very

00:18:56.460 --> 00:18:59.339
important resources for each of you. Journey

00:18:59.339 --> 00:19:02.400
to Wellness with Dr. Shannon and Dr. Justin Pierce.

00:19:02.539 --> 00:19:04.519
We're in the middle of rebranding to drshannon

00:19:04.519 --> 00:19:06.900
.com. She's got over a quarter million followers.

00:19:07.079 --> 00:19:09.500
And one of the most important ones in this regard

00:19:09.500 --> 00:19:12.539
would be. myself why because i've known them

00:19:12.539 --> 00:19:15.920
for eight years and i've sent uh i want to say

00:19:15.920 --> 00:19:17.880
four people i know three for sure that i can

00:19:17.880 --> 00:19:20.940
think of their name who had chronic or serious

00:19:20.940 --> 00:19:23.559
health issues they didn't have any answers for

00:19:23.559 --> 00:19:26.259
and after i asked them how to go with shannon

00:19:26.619 --> 00:19:28.960
They just raved. They were like, oh, my gosh,

00:19:29.059 --> 00:19:31.099
I've never had this clarity about my health before.

00:19:31.200 --> 00:19:33.220
I have a track. I have a path. And I got to see

00:19:33.220 --> 00:19:36.680
firsthand their experiences. Now, Shannon predominantly

00:19:36.680 --> 00:19:39.400
helps women with their health, things like brain

00:19:39.400 --> 00:19:42.220
fatigue and brain fog and anxiety and things

00:19:42.220 --> 00:19:44.579
of that nature. So if you know somebody that

00:19:44.579 --> 00:19:46.180
might need help from that, go ahead and check

00:19:46.180 --> 00:19:48.480
out what Dr. Shannon and Drainer Wellness are

00:19:48.480 --> 00:19:51.950
up to. Then we have Practice Makes Permanent

00:19:51.950 --> 00:19:54.369
with Jennifer Reed. And if you're like Philip

00:19:54.369 --> 00:19:57.349
Shett and you've got brands out there who are

00:19:57.349 --> 00:20:00.630
working towards. um improving your culture and

00:20:00.630 --> 00:20:03.250
creating transformation practice makes permanent

00:20:03.250 --> 00:20:05.769
jennifer helps with that she's a facilitator

00:20:05.769 --> 00:20:08.789
for making sure that cultures continue to improve

00:20:08.789 --> 00:20:11.390
in companies she's got an incredible amount of

00:20:11.390 --> 00:20:14.049
connection to emotional intelligence and spiritual

00:20:14.049 --> 00:20:17.710
intelligence as well she has a very strong personal

00:20:17.710 --> 00:20:20.730
mission behind this as well she she got into

00:20:20.730 --> 00:20:23.349
this because one she spent a few decades and

00:20:23.349 --> 00:20:26.559
she's still there working at the irs where you

00:20:26.559 --> 00:20:28.460
know company culture is not exactly the easiest

00:20:28.460 --> 00:20:31.380
thing to build out but she brings an incredible

00:20:31.380 --> 00:20:34.059
energy to what she what she's up to but jennifer

00:20:34.059 --> 00:20:37.640
lost her son to suicide um just over a year ago

00:20:37.640 --> 00:20:40.839
and that that realization of man there's more

00:20:40.839 --> 00:20:43.400
that she knows that she can do as an individual

00:20:43.400 --> 00:20:45.660
to help individuals not go through that type

00:20:45.660 --> 00:20:48.099
of loss and experience and she wants to help

00:20:48.099 --> 00:20:50.700
make sure that these cultural environments improve

00:20:50.700 --> 00:20:53.680
as well because all the people that exist in

00:20:53.680 --> 00:20:56.220
cultures they have families as well that she

00:20:56.220 --> 00:20:58.380
wants to be able to impact so i know of nobody

00:20:58.380 --> 00:21:01.500
better than her to help make sure that we're

00:21:01.500 --> 00:21:04.039
moving this world in the direction of uplifting

00:21:04.039 --> 00:21:06.119
souls creating better emotional intelligence

00:21:06.119 --> 00:21:07.759
creating better awareness too of spirituality

00:21:07.759 --> 00:21:09.799
and so if you're looking for somebody to help

00:21:09.799 --> 00:21:12.250
with that i do highly recommend jennifer then

00:21:12.250 --> 00:21:14.430
there's the water project up here the water project

00:21:14.430 --> 00:21:16.490
is something that is near and dear to my heart

00:21:16.490 --> 00:21:19.210
because i choose for it to be i've never personally

00:21:19.210 --> 00:21:21.369
been thirsty in my entire life no matter where

00:21:21.369 --> 00:21:23.109
i live down in ecuador right now i don't have

00:21:23.109 --> 00:21:26.190
any shortage of water these individuals in africa

00:21:26.190 --> 00:21:29.769
these are parents who have to leave their jobs

00:21:29.769 --> 00:21:31.789
in order to find water for their kids. Their

00:21:31.789 --> 00:21:33.910
kids have to leave school in order to go get

00:21:33.910 --> 00:21:36.390
water for the community. And you never know what

00:21:36.390 --> 00:21:38.789
type of water they're getting. We have a huge

00:21:38.789 --> 00:21:41.390
opportunity to actually pick which project we

00:21:41.390 --> 00:21:44.369
want to support through the water project. Once

00:21:44.369 --> 00:21:46.410
we contribute to it, we actually get to see the

00:21:46.410 --> 00:21:48.630
outcome of this as well. I love this nonprofit.

00:21:48.869 --> 00:21:50.170
I love what they're up to and how they do it.

00:21:50.349 --> 00:21:52.910
I look at the pictures of these kids and I see

00:21:52.910 --> 00:21:56.049
kids celebrating water the way my kids celebrate

00:21:56.049 --> 00:21:58.319
Christmas Day. And that was a very humbling experience.

00:21:58.579 --> 00:22:01.299
So if you're in a position to financially give

00:22:01.299 --> 00:22:03.740
back, you might join the monthly club that I'm

00:22:03.740 --> 00:22:05.440
in on there as well. Just giving a little bit

00:22:05.440 --> 00:22:07.240
every month to see what we can do to help the

00:22:07.240 --> 00:22:08.920
millions of people who need it most in this world.

00:22:09.440 --> 00:22:11.440
As long as I rock this microphone, I'll be doing

00:22:11.440 --> 00:22:13.720
that. But I know that there's 8 billion people

00:22:13.720 --> 00:22:15.759
to help in this world. Those of you listening

00:22:15.759 --> 00:22:18.339
that don't have the financial means, my hope

00:22:18.339 --> 00:22:20.539
is that... You just drop a link for a cause that

00:22:20.539 --> 00:22:22.640
matters to you. I will personally take a look

00:22:22.640 --> 00:22:24.160
at that cause and see what it's about. I might

00:22:24.160 --> 00:22:25.660
talk about it on here and we'll see what we can

00:22:25.660 --> 00:22:27.779
do to help. But if all of us come together, you

00:22:27.779 --> 00:22:29.500
never know what type of impact we can have on

00:22:29.500 --> 00:22:31.839
the 8 billion people out there. So without further

00:22:31.839 --> 00:22:33.259
ado, we're going to get back to helping each

00:22:33.259 --> 00:22:35.019
one of you. And we're going to talk about these

00:22:35.019 --> 00:22:37.779
goals that create energy and not burn out and

00:22:37.779 --> 00:22:39.940
how to do that as a company. So without further

00:22:39.940 --> 00:22:42.440
ado, Philip, welcome back on the show. And thank

00:22:42.440 --> 00:22:45.640
you again for being here. Thank you so much for

00:22:45.640 --> 00:22:50.240
having me. Absolutely. The water project, I bet

00:22:50.240 --> 00:22:52.319
they know a few things about setting OKRs. They've

00:22:52.319 --> 00:22:54.359
done a pretty good job of setting up what they're

00:22:54.359 --> 00:22:57.759
up to. Those goals, they create energy for me.

00:22:58.079 --> 00:23:01.920
What do you do to help other entities create

00:23:01.920 --> 00:23:04.059
high energy goals? What are some things that

00:23:04.059 --> 00:23:09.299
can be done? Yeah. You know why I'm still involved

00:23:09.299 --> 00:23:11.400
in setting the revenue goal and the profitability

00:23:11.400 --> 00:23:14.700
goal is that they are super low energy goals.

00:23:15.160 --> 00:23:17.640
And I don't want a team. Yeah, no, absolutely.

00:23:17.859 --> 00:23:20.400
And they are absolutely dangerous goals. There's

00:23:20.400 --> 00:23:23.599
very little value in setting a revenue goal.

00:23:25.279 --> 00:23:28.920
It's something that every organization kind of

00:23:28.920 --> 00:23:32.740
needs and everyone does. But what's the difference

00:23:32.740 --> 00:23:37.960
if I set a goal of 50 million in revenue or 500?

00:23:38.480 --> 00:23:42.809
The difference is, I mean... My team would, in

00:23:42.809 --> 00:23:45.769
both cases, we're a bit smaller. So in both cases,

00:23:45.769 --> 00:23:48.869
my team would look at me and say like, you're

00:23:48.869 --> 00:23:54.029
hallucinating and you must be, yeah, you must

00:23:54.029 --> 00:23:56.970
be out of your mind. And so I would just demotivate

00:23:56.970 --> 00:24:00.190
the team. And then you're, and there are so many

00:24:00.190 --> 00:24:03.210
organizations that set this revenue goal. And

00:24:03.210 --> 00:24:06.359
then for a year. They are hunting it and they

00:24:06.359 --> 00:24:09.799
are trying to get to it and it's always too high

00:24:09.799 --> 00:24:12.720
and it's just always out there. And so that's

00:24:12.720 --> 00:24:16.559
so demotivating. And because I have some very

00:24:16.559 --> 00:24:18.839
ambitious, luckily I've got some very ambitious

00:24:18.839 --> 00:24:21.579
team members, they would always set the goal

00:24:21.579 --> 00:24:23.880
too high. And I always have that discussion.

00:24:24.079 --> 00:24:26.940
Oh, why is the revenue goal this low? Well, I

00:24:26.940 --> 00:24:29.359
want to hit it and I don't want it to demotivate

00:24:29.359 --> 00:24:31.700
anyone. And I want this at least to be a very

00:24:31.700 --> 00:24:36.480
realistic goal. revenue goals are pretty terrible

00:24:36.480 --> 00:24:39.380
goals because i love this conversation i have

00:24:39.380 --> 00:24:41.819
never expected this i've never heard this and

00:24:41.819 --> 00:24:44.559
it makes me want to ask so philip do you even

00:24:44.559 --> 00:24:46.819
share the goal with the team then or do you just

00:24:46.819 --> 00:24:49.019
keep it to yourself what what is the secret behind

00:24:49.019 --> 00:24:51.640
that because that's that's like crazy but i love

00:24:51.640 --> 00:24:56.880
it i i shared with the team but you know it's

00:24:56.880 --> 00:25:00.809
it's just it doesn't matter that much over the,

00:25:01.029 --> 00:25:04.369
like, of course, money is like fuel, right? Or

00:25:04.369 --> 00:25:08.309
like oxygen. And so an organization just needs

00:25:08.309 --> 00:25:14.349
it. But it's, if you're a runner, like setting

00:25:14.349 --> 00:25:16.569
a goal for more oxygen in your blood, it's just

00:25:16.569 --> 00:25:20.849
like, it's not valuable, right? It doesn't add

00:25:20.849 --> 00:25:25.049
much. And so, yeah, I share it, but I'm very

00:25:25.049 --> 00:25:29.569
careful about not setting it too high. And there

00:25:29.569 --> 00:25:33.509
are many more goals that are much more valuable,

00:25:33.670 --> 00:25:38.170
much more directional, much more energizing also

00:25:38.170 --> 00:25:43.430
in the short term, right? Because if you are

00:25:43.430 --> 00:25:46.589
a business like us and we sell to larger brands,

00:25:46.789 --> 00:25:48.930
it means our sales cycle is relatively long.

00:25:49.369 --> 00:25:52.970
And so until if we make a change in our marketing,

00:25:53.049 --> 00:25:54.930
if we make a change in our product, and we would

00:25:54.930 --> 00:25:57.710
only... And in our offering, if we would only

00:25:57.710 --> 00:26:01.809
measure it by revenue, the delay between, okay,

00:26:01.829 --> 00:26:04.230
we make a decision and we learn that the decision

00:26:04.230 --> 00:26:08.009
was right, would be way too long. And that's

00:26:08.009 --> 00:26:12.569
why if you only set a revenue goal and you only

00:26:12.569 --> 00:26:14.549
steer the organization with that revenue goal,

00:26:15.829 --> 00:26:18.930
it's, in my opinion, it's a very terrible way

00:26:18.930 --> 00:26:21.990
of motivating. It's very demotivating for you.

00:26:22.009 --> 00:26:27.700
It's very demotivating. I'm not a big fan. So

00:26:27.700 --> 00:26:31.460
yes, we still have one because it's easier to

00:26:31.460 --> 00:26:35.559
set one and then set it lower and have people

00:26:35.559 --> 00:26:39.599
achieve it and then have people have more flexibility

00:26:39.599 --> 00:26:43.940
and say in how we achieve it than to not set

00:26:43.940 --> 00:26:48.160
it at all. So where are those secret goals then,

00:26:48.220 --> 00:26:50.559
the energy ones, the ones that get people going?

00:26:50.680 --> 00:26:56.059
What do those look like? look one of my one of

00:26:56.059 --> 00:26:59.859
the the more energizing goals is that i want

00:26:59.859 --> 00:27:04.779
people to reach out to me after a podcast right

00:27:04.779 --> 00:27:08.160
so it's and that that's a goal that i have and

00:27:08.160 --> 00:27:13.640
so and luckily yesterday for example it was actually

00:27:13.640 --> 00:27:16.640
before this show someone was reaching out because

00:27:16.640 --> 00:27:18.660
they heard me on another podcast and was asking

00:27:18.660 --> 00:27:21.980
hey can you can you join us on this podcast and

00:27:21.980 --> 00:27:24.430
that's something that i that I love. And it only

00:27:24.430 --> 00:27:28.829
happens. It always only happens when we have

00:27:28.829 --> 00:27:33.029
a good energetic conversation and we don't always

00:27:33.029 --> 00:27:37.569
just agree on something, but maybe we, it's not

00:27:37.569 --> 00:27:39.769
about agreement or disagreement, but it is about

00:27:39.769 --> 00:27:43.910
having an actual honest exploration. Right. Exactly.

00:27:43.990 --> 00:27:47.509
And not just that. And I can go absolutely an

00:27:47.509 --> 00:27:50.230
autopilot, right? I can go on autopilot and,

00:27:50.289 --> 00:27:54.019
and just. talk the same phrases that I always

00:27:54.019 --> 00:27:59.000
say and it will sound okay. And if the counterpart

00:27:59.000 --> 00:28:01.680
isn't actually listening, they will also say

00:28:01.680 --> 00:28:04.240
the phrases that I always say, the typical business

00:28:04.240 --> 00:28:07.440
phrases. And that's easy, right? And I can make

00:28:07.440 --> 00:28:11.400
a tick box for, I did 15 blogs, I did 15 podcasts,

00:28:11.680 --> 00:28:15.599
right? This year. And that's an easy, but it's

00:28:15.599 --> 00:28:18.400
way harder to do podcasts that actually make

00:28:18.400 --> 00:28:22.759
people say, oh, this is... This is actually something

00:28:22.759 --> 00:28:26.460
that I want to learn more about or that I want

00:28:26.460 --> 00:28:30.460
to also interact with. And so in energizing,

00:28:30.539 --> 00:28:33.380
a bad goal is just an activity goal. Oh, I'm

00:28:33.380 --> 00:28:37.059
on 15 podcasts or I write a book or I write a

00:28:37.059 --> 00:28:40.279
blog or I do this and this and this. And a way

00:28:40.279 --> 00:28:45.019
better goal is to say, what do I actually want

00:28:45.019 --> 00:28:49.059
to achieve with this activity? And then you set

00:28:49.059 --> 00:28:52.730
the goal there. that's way better because then

00:28:52.730 --> 00:28:56.289
you can you can you can choose the activities

00:28:56.289 --> 00:29:00.130
more smart but you can also yeah exactly and

00:29:00.130 --> 00:29:03.190
so that you can take specific actions so this

00:29:03.190 --> 00:29:04.849
is something that we ran into with a lot of our

00:29:04.849 --> 00:29:06.970
podcast guests where when we talk to them about

00:29:06.970 --> 00:29:09.289
their goals if their goal is like well i just

00:29:09.289 --> 00:29:11.509
want to reach more people um or i just want to

00:29:11.509 --> 00:29:13.950
teach somebody like i can't really do much more

00:29:14.329 --> 00:29:16.089
to help them and support them on that. But you

00:29:16.089 --> 00:29:18.470
just named something that calls me out in an

00:29:18.470 --> 00:29:20.769
important way. You said you want to reach more,

00:29:21.150 --> 00:29:23.069
more people. You want people to reach out to

00:29:23.069 --> 00:29:25.289
you after the podcast. So it's interesting because

00:29:25.289 --> 00:29:26.910
it's not something that you have direct control

00:29:26.910 --> 00:29:30.390
over, but you do have influence over and what

00:29:30.390 --> 00:29:33.490
are you doing to influence it? So you like, this

00:29:33.490 --> 00:29:36.410
is such a great example because I was sitting

00:29:36.410 --> 00:29:38.410
there, as you said, that was like, Oh crap. I

00:29:38.410 --> 00:29:41.769
was, I was regretting. We went live. And I've,

00:29:41.769 --> 00:29:44.269
I've limited us down to YouTube on purpose. Cause

00:29:44.269 --> 00:29:47.470
I don't want the, the episode hitting multiple

00:29:47.470 --> 00:29:49.609
places at the same time. I don't think that's

00:29:49.609 --> 00:29:50.990
necessarily in favor for the route algorithm,

00:29:51.089 --> 00:29:53.569
but I was like, man, I should have freaking done

00:29:53.569 --> 00:29:56.170
an announcement post. And I should have talked

00:29:56.170 --> 00:29:57.750
to the team about that. And we're getting all

00:29:57.750 --> 00:29:59.650
of our ducks in order for the year. And we're

00:29:59.650 --> 00:30:02.089
trying to get all things going smoothly, but

00:30:02.089 --> 00:30:05.930
I botched that. And you just, you, you just called

00:30:05.930 --> 00:30:07.950
me out in a good way on a healthy way. So now

00:30:07.950 --> 00:30:09.890
I'm thinking like, well, wait a second. I can

00:30:09.890 --> 00:30:12.789
get. I can get Philip introduced to Dr. Lance

00:30:12.789 --> 00:30:14.630
Knob. I'm definitely doing that. That way you

00:30:14.630 --> 00:30:16.650
can go on his hot seat experience. I can get

00:30:16.650 --> 00:30:20.470
you introduced to Dr. Shannon and Dr. Justin.

00:30:20.549 --> 00:30:22.569
They've got an upcoming event next to Richard

00:30:22.569 --> 00:30:24.109
Branson's Island. I don't know the name of the

00:30:24.109 --> 00:30:26.869
island, but the business owner who has it has

00:30:26.869 --> 00:30:29.569
invited them to speak at it. I bet that network's

00:30:29.569 --> 00:30:32.569
really great. Jennifer Reed. from uh practice

00:30:32.569 --> 00:30:35.049
makes permanent right but i it just put me into

00:30:35.049 --> 00:30:38.130
action it made me think nice how can i help philip

00:30:38.130 --> 00:30:40.150
on this because he deserves it and he's working

00:30:40.150 --> 00:30:43.569
towards it and and what else can i do to to make

00:30:43.569 --> 00:30:45.690
sure that i can do this for my other guests and

00:30:45.690 --> 00:30:49.750
for myself so it was a very energizing goal well

00:30:49.750 --> 00:30:54.230
done love it love it an energizing goal drives

00:30:54.230 --> 00:30:57.490
action right that's that's i think a good a good

00:30:57.490 --> 00:31:08.220
summary i want another Okay. So what other energizing

00:31:08.220 --> 00:31:17.720
goals do I set for this year? And so I'm publishing

00:31:17.720 --> 00:31:23.220
my book, right? Publishing the book is boring,

00:31:23.559 --> 00:31:27.460
right? It's an outcome. Yeah, it's really...

00:31:27.920 --> 00:31:30.440
Like everyone can publish a book nowadays, right?

00:31:30.500 --> 00:31:33.059
So it's actually relatively easily achieved.

00:31:33.079 --> 00:31:36.480
And if I write it with chat GPT, right, I'm done

00:31:36.480 --> 00:31:39.500
in a couple of days. So writing that book is

00:31:39.500 --> 00:31:43.039
relatively boring. But what would be energizing

00:31:43.039 --> 00:31:47.240
with the book? And so energizing with the book

00:31:47.240 --> 00:31:53.140
would be, well, that I have a few good reviews,

00:31:53.319 --> 00:31:57.980
but that also people hate it. I'm not going to

00:31:57.980 --> 00:32:00.779
set a goal for one -star reviews, okay? But,

00:32:00.779 --> 00:32:06.579
you know, if no one hates this book, then I know

00:32:06.579 --> 00:32:11.640
that I probably just have written the same stuff

00:32:11.640 --> 00:32:17.500
that everyone's writing and that's agreeable

00:32:17.500 --> 00:32:22.000
and that is just stuff that everyone... that

00:32:22.000 --> 00:32:24.519
it wouldn't be an opinion piece and it wouldn't

00:32:24.519 --> 00:32:28.039
be something that actually makes anyone think

00:32:28.039 --> 00:32:30.960
twice and so if i only have good reviews then

00:32:30.960 --> 00:32:35.359
it's probably only because well my well because

00:32:35.359 --> 00:32:38.079
only a few friends have read the book right but

00:32:38.079 --> 00:32:41.119
if i if i get some honest and actual reviews

00:32:41.119 --> 00:32:47.140
and and so I don't want only five -star reviews,

00:32:47.299 --> 00:32:49.660
but I want people to actually read the book.

00:32:49.759 --> 00:32:52.079
And yes, if I get a few five -star reviews, then

00:32:52.079 --> 00:32:55.279
great. But I also want a few actual people to

00:32:55.279 --> 00:33:01.660
disagree with me. And that's an energizing goal,

00:33:01.839 --> 00:33:04.559
even though, of course, I don't want... I'm not

00:33:04.559 --> 00:33:06.359
setting an actual goal for one -star reviews.

00:33:06.779 --> 00:33:09.619
Sure. I'll double down on that, though. I'll

00:33:09.619 --> 00:33:12.599
create some conflict on this one. Good. One,

00:33:13.180 --> 00:33:16.519
because I love what you're doing. I love the

00:33:16.519 --> 00:33:20.640
OKR reality. And I want your book to succeed.

00:33:20.960 --> 00:33:23.779
And so I appreciate your humility on the few

00:33:23.779 --> 00:33:25.980
reviews. But I'm looking at that and I'm like,

00:33:26.000 --> 00:33:29.039
well, wait a second. This is a 10 -year legacy

00:33:29.039 --> 00:33:34.660
book. I have a hard time with my guests who only

00:33:34.660 --> 00:33:37.900
have a few reviews on their book because most

00:33:37.900 --> 00:33:40.480
of them meant to publish with far more dynamic

00:33:40.480 --> 00:33:43.700
results than that. And so, especially when they

00:33:43.700 --> 00:33:45.359
come on, they're like, I'm an international bestseller

00:33:45.359 --> 00:33:47.579
selling author. I'm like, your book is free.

00:33:48.160 --> 00:33:50.400
I'm very sorry to call you out on it, but like,

00:33:50.420 --> 00:33:53.480
like that's not okay. And, or they're like, Oh,

00:33:53.539 --> 00:33:55.859
I have 300 clients in that they end up with,

00:33:55.859 --> 00:33:57.519
you know, the books published for a year and

00:33:57.519 --> 00:33:59.140
a half and they've only got three reviews on

00:33:59.140 --> 00:34:02.180
it. And I'm like, where did the 300 clients go?

00:34:02.200 --> 00:34:04.900
Where's your mother? Can't you leave a review?

00:34:05.160 --> 00:34:07.539
I mean, I don't, I don't mean fake it, of course,

00:34:07.539 --> 00:34:09.539
but you know, if you wrote a book about life,

00:34:09.539 --> 00:34:11.539
then it's okay that your mom did write a review

00:34:11.539 --> 00:34:14.539
on it. And, and so it's, it's one of those things

00:34:14.539 --> 00:34:17.539
where I'm like, okay, I can understand steering

00:34:17.539 --> 00:34:20.519
away from the metric aspect of it. And I love

00:34:20.519 --> 00:34:23.719
that you talk about getting that conflict. sense

00:34:23.719 --> 00:34:25.780
in there too of like well i want people to really

00:34:25.780 --> 00:34:28.199
appreciate this or really not appreciate it because

00:34:28.199 --> 00:34:30.239
it tells me they at least took interest into

00:34:30.239 --> 00:34:32.860
hearing me out yeah right even if they disagree

00:34:32.860 --> 00:34:35.340
that means they had to have taken interest in

00:34:35.340 --> 00:34:37.860
it um so that's it i don't think i like that

00:34:37.860 --> 00:34:41.159
engagement and so if i would give it a metric

00:34:41.159 --> 00:34:44.070
i would probably say I would probably stay away

00:34:44.070 --> 00:34:47.070
from I want 100 five -star reviews, right? But

00:34:47.070 --> 00:34:50.429
I would say I want 100 reviews. I want 100 actual

00:34:50.429 --> 00:34:53.510
reviews of the book, of people that actually

00:34:53.510 --> 00:34:57.469
read it. Because honestly, that would be a success

00:34:57.469 --> 00:35:01.210
for me. It's hard to do. Yeah, exactly. It's

00:35:01.210 --> 00:35:05.869
a niche topic, right? It's not going to be a

00:35:05.869 --> 00:35:08.389
bestseller because it's such a niche topic. But

00:35:08.389 --> 00:35:14.039
that's okay. If people in my niche and that are

00:35:14.039 --> 00:35:17.239
interested in this are reading it and reviewing

00:35:17.239 --> 00:35:21.539
it, then I would be excited. Absolutely. And

00:35:21.539 --> 00:35:25.260
energized. That's great. All right. So I'll also

00:35:25.260 --> 00:35:27.260
bring up an opportunity for you to engage in

00:35:27.260 --> 00:35:30.809
conflict with me on this. So we've more studied

00:35:30.809 --> 00:35:33.070
the OKRs from the outside perspective and we've

00:35:33.070 --> 00:35:35.110
had some great results with companies. Don't

00:35:35.110 --> 00:35:37.190
get me wrong. I mean, helping Dr. Eckberg go

00:35:37.190 --> 00:35:40.329
from 160 ,000 subscribers to 14 million plus,

00:35:40.469 --> 00:35:43.369
you know, and helping Laserway expand from eight

00:35:43.369 --> 00:35:46.989
locations to 40 plus locations. All these results

00:35:46.989 --> 00:35:50.610
we did, I don't want to say without OKRs. I think

00:35:50.610 --> 00:35:53.360
individually, most of us had. an idea of the

00:35:53.360 --> 00:35:56.139
concepts or we're building goals or goal oriented

00:35:56.139 --> 00:35:58.920
in some way or fashion. So those of you who are

00:35:58.920 --> 00:36:01.340
brand new to OKRs, I guess my invitation is to

00:36:01.340 --> 00:36:04.619
you like it's OK to be brand new and to be pioneering

00:36:04.619 --> 00:36:07.840
the process. And thanks to things like ChatGPT,

00:36:07.980 --> 00:36:10.920
we can put together even better plans to build

00:36:10.920 --> 00:36:13.099
upon it. I'm going to give one more shout out

00:36:13.099 --> 00:36:14.840
real quick before I show the resource we built

00:36:14.840 --> 00:36:17.360
to Ramit Sethi, who I've never met. He's friends

00:36:17.360 --> 00:36:20.059
with Jake Larson at Video Power. And Jake said,

00:36:20.159 --> 00:36:21.880
he's one of the best copywriters that you can

00:36:21.880 --> 00:36:24.539
study. So I went and studied his website. I will

00:36:24.539 --> 00:36:27.019
teach you to be rich .com. Probably the most

00:36:27.019 --> 00:36:29.320
spammiest sounding website I've ever heard of.

00:36:29.739 --> 00:36:32.360
And so I'm studying Ramit and what he's up to

00:36:32.360 --> 00:36:35.719
years ago. And I came across his guide, the ultimate

00:36:35.719 --> 00:36:38.659
guide to habits. And in the ultimate guide to

00:36:38.659 --> 00:36:41.500
habits, he talked about the big problems that

00:36:41.500 --> 00:36:44.300
we face with goals. And he, you know, he went

00:36:44.300 --> 00:36:46.099
to Stanford and one of these interviews, he was

00:36:46.099 --> 00:36:48.579
interviewing a Stanford professor and. And he

00:36:48.579 --> 00:36:50.480
said something that resonated so well to me.

00:36:50.539 --> 00:36:53.699
He said, most people give up on their goals and

00:36:53.699 --> 00:36:55.619
they set these resolutions and things because

00:36:55.619 --> 00:36:59.860
they have an unhealthy relationship with goals

00:36:59.860 --> 00:37:03.400
and goal setting. And he correlated that to the

00:37:03.400 --> 00:37:06.239
people who set these workout goals to lose weight.

00:37:06.559 --> 00:37:09.199
And after the month or two that they kind of

00:37:09.199 --> 00:37:10.980
given up or didn't start and do their thing,

00:37:11.099 --> 00:37:14.480
they beat themselves up and they feel bad that

00:37:14.480 --> 00:37:16.699
they didn't hit their goal. And I love how much

00:37:16.699 --> 00:37:19.840
energy he put into it and how much energy I'm

00:37:19.840 --> 00:37:21.400
putting into it, how much energy you put into

00:37:21.400 --> 00:37:24.599
these, again, these high energy goal aspects.

00:37:25.079 --> 00:37:27.460
Guys, you're setting something that you have

00:37:27.460 --> 00:37:30.500
never done before in most cases. Obviously, you're

00:37:30.500 --> 00:37:33.900
not meant to hit it, but you can measure what

00:37:33.900 --> 00:37:36.199
did you do to get there? And you can enjoy the

00:37:36.199 --> 00:37:38.480
journey and realize like, okay, well, if I didn't

00:37:38.480 --> 00:37:41.800
know how to fly a plane or how to build a plane.

00:37:42.190 --> 00:37:45.670
ever before. And I actually succeed at it, even

00:37:45.670 --> 00:37:48.829
if it's kind of like a floppy flight. Like you

00:37:48.829 --> 00:37:50.429
did something you've never done before. That's

00:37:50.429 --> 00:37:52.489
freaking cool. Or you at least tried to do it.

00:37:52.570 --> 00:37:55.349
So that's one of my biggest secrets about goals

00:37:55.349 --> 00:37:59.929
for myself is I never get mad at myself for learning

00:37:59.929 --> 00:38:02.530
in the process. I'm always looking at what did

00:38:02.530 --> 00:38:04.550
I learn? How am I going on this? So I'm going

00:38:04.550 --> 00:38:06.309
to share a document real quick. I'm gonna do

00:38:06.309 --> 00:38:08.809
this as fast as I can too. You guys can pause

00:38:08.809 --> 00:38:10.949
this. I'm gonna go back and look at it too, but

00:38:10.949 --> 00:38:13.750
I'm gonna see if this is in somewhat alignment

00:38:13.750 --> 00:38:15.309
with what Phillip's up to or Phillip's gonna

00:38:15.309 --> 00:38:16.969
be like, dude, that's freaking crazy. What are

00:38:16.969 --> 00:38:19.210
you thinking? And Phillip, feel free to hit hard

00:38:19.210 --> 00:38:21.869
on this. So at First Class Business, for all

00:38:21.869 --> 00:38:25.630
of our clients, we need to be doing this. Now

00:38:25.630 --> 00:38:28.130
in that next admission, we have stopped for a

00:38:28.130 --> 00:38:29.949
while. So it's time to get back on the horse.

00:38:30.050 --> 00:38:31.769
Today's the day. We're getting back on the horse

00:38:31.769 --> 00:38:34.599
for this. And this is. Primary objectives, we

00:38:34.599 --> 00:38:37.840
call these OCROs. Primary objectives. Key results

00:38:37.840 --> 00:38:40.800
and outcomes. And there is a big difference for

00:38:40.800 --> 00:38:42.440
us between the key results and the outcomes.

00:38:42.579 --> 00:38:44.980
And so following this document is designed to

00:38:44.980 --> 00:38:47.039
help us define our combined primary objective

00:38:47.039 --> 00:38:49.219
key results so we can ensure that all of our

00:38:49.219 --> 00:38:51.340
efforts to advance our projects are in alignment

00:38:51.340 --> 00:38:54.179
with the desired outcomes. And so there's a previous

00:38:54.179 --> 00:38:55.739
step here that we need the preliminary business

00:38:55.739 --> 00:38:58.579
evaluation. And there's a training video associated

00:38:58.579 --> 00:39:00.860
with how this works. And so I'll try to drop

00:39:00.860 --> 00:39:03.320
these resources into the comments so you guys

00:39:03.320 --> 00:39:06.349
can play with this if you see fit. And it talks

00:39:06.349 --> 00:39:07.889
about following the instructions for setting

00:39:07.889 --> 00:39:10.110
it up. And it talks about the what. What is a

00:39:10.110 --> 00:39:12.849
primary objective? And it is ultimately that

00:39:12.849 --> 00:39:14.409
what are you doing? And then there's these key

00:39:14.409 --> 00:39:17.389
results. The how do you do it? And it tells you,

00:39:17.429 --> 00:39:20.010
you know, don't set more than two to five. A

00:39:20.010 --> 00:39:23.050
key result must be measurable as they are not

00:39:23.050 --> 00:39:25.289
or they're not a key result. That comes from

00:39:25.289 --> 00:39:29.329
Google's investor that created the process. All

00:39:29.329 --> 00:39:30.670
right. So we're going to go past some of this

00:39:30.670 --> 00:39:32.449
down to the outcomes. What is the outcomes to

00:39:32.449 --> 00:39:36.110
me? The outcomes are the why. You know, why did

00:39:36.110 --> 00:39:38.150
we set these primary objectives to secure results?

00:39:38.269 --> 00:39:40.130
That may seem easy to determine and define for

00:39:40.130 --> 00:39:42.309
yourself, but even then, studies show that we

00:39:42.309 --> 00:39:45.349
are less likely to resolve and to complete our

00:39:45.349 --> 00:39:47.510
objectives when we're not consciously aware of

00:39:47.510 --> 00:39:50.289
the benefits of putting in the work. So the challenge

00:39:50.289 --> 00:39:52.989
with that magnifies when we have a team. The

00:39:52.989 --> 00:39:55.230
stronger and more defined your outcomes, the

00:39:55.230 --> 00:39:56.769
more committed you and your team end up becoming

00:39:56.769 --> 00:39:59.730
to ensure that the hard work gets done. So when

00:39:59.730 --> 00:40:01.469
we're talking about outcomes, what I'm referring

00:40:01.469 --> 00:40:05.030
to is adding a layer of gratitude. Basically

00:40:05.030 --> 00:40:08.429
a gratitude journal. Oh, we set this goal to

00:40:08.429 --> 00:40:10.469
make 20 ,000. You know, that's the boring one

00:40:10.469 --> 00:40:13.150
that Philip was talking about. Then we got the

00:40:13.150 --> 00:40:15.409
key results of what's going to determine that.

00:40:15.449 --> 00:40:18.730
We got five new clients at $5 ,000 each. But

00:40:18.730 --> 00:40:22.610
the gratitude log is like, and now I was able

00:40:22.610 --> 00:40:25.230
to take an extra day's vacation. You know, and

00:40:25.230 --> 00:40:27.670
oh, I was able, you know, our team came together

00:40:27.670 --> 00:40:31.510
and we worked on this and we got not just a testimonial,

00:40:31.510 --> 00:40:35.250
but this client is so grateful that. their family's

00:40:35.250 --> 00:40:37.550
life has improved because they're now working

00:40:37.550 --> 00:40:39.929
with us. I'm obviously inventing some things

00:40:39.929 --> 00:40:43.250
here, but as you go through this of, I will measure,

00:40:43.289 --> 00:40:46.110
I will do this as measured by we're adding on

00:40:46.110 --> 00:40:49.309
this will unlock. And these are those outcomes

00:40:49.309 --> 00:40:51.150
I'm talking about. What is it that we're achieving?

00:40:51.630 --> 00:40:54.730
Thanks to this process personally and in business.

00:40:54.789 --> 00:40:57.030
So that's our, that's our breakdown of how we

00:40:57.030 --> 00:40:59.869
measure our OCROS and how we go about this process.

00:41:00.130 --> 00:41:02.630
It may provide some value to you guys. Phillip,

00:41:02.690 --> 00:41:06.570
what are your thoughts on that? Yeah. We use

00:41:06.570 --> 00:41:09.389
a tiny bit different definitions, but something

00:41:09.389 --> 00:41:13.929
very similar. So in our language, the OKRs, the

00:41:13.929 --> 00:41:17.230
key results are the outcomes, but we have a layer

00:41:17.230 --> 00:41:22.349
above them, and that's our impact. And the impact

00:41:22.349 --> 00:41:24.389
is exactly what you're describing here as the

00:41:24.389 --> 00:41:29.050
outcome. So that's really just a matter of definition,

00:41:29.230 --> 00:41:33.659
right? Sure. it's very very similar at the end

00:41:33.659 --> 00:41:38.280
we are we're trying to hit this hit this goal

00:41:38.280 --> 00:41:43.159
measured by and that will achieve that will change

00:41:43.159 --> 00:41:47.139
something in the world and so that's yeah that's

00:41:47.139 --> 00:41:50.719
the impact and so if you yeah if you take the

00:41:50.719 --> 00:41:54.440
the water project for example right then maybe

00:41:54.440 --> 00:42:00.170
maybe the goal is to increase fundraising from

00:42:00.170 --> 00:42:05.030
international sources. And their key result might

00:42:05.030 --> 00:42:09.710
be, well, a million dollars from Germany, hopefully.

00:42:09.909 --> 00:42:15.010
And then the impact would be, well, that would

00:42:15.010 --> 00:42:21.090
provide drinkable water for 10 million people

00:42:21.090 --> 00:42:23.690
or however many people, right? But that would

00:42:23.690 --> 00:42:26.690
be a bit of how we would define this impact.

00:42:27.500 --> 00:42:32.679
I would love that. One, you were so diplomatic.

00:42:32.880 --> 00:42:36.199
None of that came across as conflict. And so

00:42:36.199 --> 00:42:41.059
I call you out for being a nice guy and respecting

00:42:41.059 --> 00:42:43.280
the process we have. But I did catch you say

00:42:43.280 --> 00:42:46.760
that you have different definitions for objectives

00:42:46.760 --> 00:42:49.840
and key results. I'd love to hear what those

00:42:49.840 --> 00:42:54.500
definitions are. So we define the key result

00:42:54.500 --> 00:42:57.480
really as the outcome. the outcome that you're

00:42:57.480 --> 00:43:02.159
trying to drive. And so, yeah, the objective

00:43:02.159 --> 00:43:08.340
is the description of our goal and the qualitative

00:43:08.340 --> 00:43:12.739
statement. And so we are trying to bring water

00:43:12.739 --> 00:43:16.980
to more, yeah, we are bringing drinkable water

00:43:16.980 --> 00:43:21.219
to more people through fundraising in Germany.

00:43:21.719 --> 00:43:23.699
I think that would be our objective. And then

00:43:23.699 --> 00:43:31.920
the key result is 10 million euros raised in

00:43:31.920 --> 00:43:35.760
Germany. And then the impact would be, okay,

00:43:35.780 --> 00:43:39.900
that's creating drinkable water for a million

00:43:39.900 --> 00:43:43.579
people. That would be how we would define our

00:43:43.579 --> 00:43:49.539
terms. That's so interesting because it can be

00:43:49.539 --> 00:43:52.880
broken down multiple ways. And does that ever

00:43:52.880 --> 00:43:57.039
create like confusion amongst the team? Like,

00:43:57.079 --> 00:43:59.500
well, wait, is this a what or is this a how?

00:44:00.159 --> 00:44:02.619
Do you guys ever go through that? Because I find

00:44:02.619 --> 00:44:05.619
myself going through that way too often. Yeah,

00:44:05.619 --> 00:44:11.800
sure. Sure. It does happen. Like, yes. And so

00:44:11.800 --> 00:44:16.199
that's also where I'm not dogmatic and more pragmatic.

00:44:16.380 --> 00:44:19.599
And it's not, oh, you know, you're not filling

00:44:19.599 --> 00:44:23.670
out. this form for Philip and you need to hit

00:44:23.670 --> 00:44:26.789
it. You know, the exercise isn't to make the

00:44:26.789 --> 00:44:33.070
goal setting guru happy, right? The goal of all

00:44:33.070 --> 00:44:36.610
of this is that you and your team feel energized

00:44:36.610 --> 00:44:40.389
and that you, your, your team have clarity on

00:44:40.389 --> 00:44:43.690
what you need to do today and why you're doing

00:44:43.690 --> 00:44:46.969
it and that you can prioritize the right actions.

00:44:47.130 --> 00:44:51.010
And so, and then feel motivated to, to go towards

00:44:51.010 --> 00:44:55.190
them. And so I'm, yeah, that's why I'm never

00:44:55.190 --> 00:44:57.889
like, Oh, this isn't a great key result, right?

00:44:57.949 --> 00:45:00.230
That's, that's not really, that's not really

00:45:00.230 --> 00:45:03.269
a helpful feedback. That's not the point. I freaking

00:45:03.269 --> 00:45:05.949
love that. You just unlocked something in me

00:45:05.949 --> 00:45:11.550
because I think subconsciously my, my, my ego

00:45:11.550 --> 00:45:14.889
does associate with this. So as soon as you said,

00:45:15.010 --> 00:45:17.349
this is not about making the goal setting guru

00:45:17.349 --> 00:45:22.250
happy. I was like, Oh shoot. I'm probably so

00:45:22.250 --> 00:45:26.429
guilty of that. It happens so often, right? Then

00:45:26.429 --> 00:45:28.349
you go into a room and then everyone wants to

00:45:28.349 --> 00:45:32.170
get the OKRs beautiful. But hey, not the point.

00:45:32.590 --> 00:45:35.690
Dang, man. I love that. That's going to have

00:45:35.690 --> 00:45:38.590
a very big impact on my year. Thank you. This

00:45:38.590 --> 00:45:42.610
has been awesome. This has been so good. And

00:45:42.610 --> 00:45:46.690
it is fairly easy for me to get energized about

00:45:46.690 --> 00:45:51.429
the goal process. that energy can be used in

00:45:51.429 --> 00:45:53.909
a way that that ego ends up demotivating others

00:45:53.909 --> 00:45:57.070
um and so we've got to be careful as people who

00:45:57.070 --> 00:46:00.349
are goal -oriented of being more inviting and

00:46:00.349 --> 00:46:03.349
more inspiring to those who may not be as brought

00:46:03.349 --> 00:46:07.369
into that process and the demeanor the approach

00:46:08.000 --> 00:46:10.320
The leadership that you've just graced me with

00:46:10.320 --> 00:46:12.980
today is going to help me shift a lot in relation

00:46:12.980 --> 00:46:15.420
to that. And I hope other vision pros out there,

00:46:15.460 --> 00:46:17.820
you guys learn to pick up some of these things

00:46:17.820 --> 00:46:22.179
as well. The takeaway for myself on this is that

00:46:22.179 --> 00:46:25.760
there's no wrong way to eat a Reese's, right?

00:46:25.800 --> 00:46:28.699
There's no wrong way to really set a goal unless

00:46:28.699 --> 00:46:32.380
that goal is demotivating, unless it's pulling

00:46:32.380 --> 00:46:37.199
the energy away and ultimately disrupting the

00:46:37.199 --> 00:46:40.739
journey. And so that's my final takeaway on this,

00:46:40.780 --> 00:46:42.920
my fortune cookie to the world. If you had a

00:46:42.920 --> 00:46:44.820
fortune cookie of the world, Philip, or you had

00:46:44.820 --> 00:46:47.920
one final thought that this was the last time

00:46:47.920 --> 00:46:52.139
you got to speak and share something about goals

00:46:52.139 --> 00:46:54.940
and creation and helping visionaries, what would

00:46:54.940 --> 00:47:01.300
it be? Yeah. Set goals not as contracts, but

00:47:01.300 --> 00:47:06.099
as opportunities for learning. And then go and

00:47:06.099 --> 00:47:10.380
learn. and improve and get better and then the

00:47:10.380 --> 00:47:12.639
world will be yours it's good it's gonna be good

00:47:12.639 --> 00:47:15.679
i love that and visionaries as you do that as

00:47:15.679 --> 00:47:17.059
you write that down and get ready to do that

00:47:17.760 --> 00:47:20.380
Click on the button on visionproslive .com that

00:47:20.380 --> 00:47:22.739
says be our guest and come and share those goals

00:47:22.739 --> 00:47:24.460
with us. Come and share the vision of what you're

00:47:24.460 --> 00:47:26.000
up to and what you're creating, because that's

00:47:26.000 --> 00:47:28.000
really what this is all about. It's empowering

00:47:28.000 --> 00:47:30.199
you to get out there and do it and find yourself

00:47:30.199 --> 00:47:32.599
in a circle of mentors and friends and leaders

00:47:32.599 --> 00:47:34.760
and people who want to help bring that together.

00:47:34.960 --> 00:47:36.599
And we look forward to seeing you guys all in

00:47:36.599 --> 00:47:38.260
the next episode. Philip, again, thanks for all

00:47:38.260 --> 00:47:41.300
of the wisdom that you shared with us and best

00:47:41.300 --> 00:47:43.340
wishes with Wave9 and with your family and with

00:47:43.340 --> 00:47:44.719
your book publishing and everything else you're

00:47:44.719 --> 00:47:47.929
up to. Thank you so much. Absolutely. We'll see

00:47:47.929 --> 00:47:49.510
you guys. We'll see you guys on the next episode.

00:47:49.650 --> 00:47:51.630
Thank you for being here today. I'm really happy

00:47:51.630 --> 00:47:53.869
that you tuned in to Vision Pros Live. I'm looking

00:47:53.869 --> 00:47:57.110
forward to seeing your reactions as these episodes

00:47:57.110 --> 00:47:58.909
continue to move forward. This is going to get

00:47:58.909 --> 00:48:01.550
more and more fun. We'll have more and more engagement

00:48:01.550 --> 00:48:03.630
as well. We'll invite people to participate in

00:48:03.630 --> 00:48:05.789
the show. And thank you for giving us your time

00:48:05.789 --> 00:48:08.090
and attention. Have an excellent time building

00:48:08.090 --> 00:48:10.429
out your vision and becoming a vision pro yourself.
