Podcast
Questions and Answers
What are projections defined as in the training?
What are projections defined as in the training?
- Averages of past performance used to predict future outcomes.
- Your bare minimum standards; what you can achieve in your worst-case scenario. (correct)
- Targets that you aim to reach under ideal conditions.
- Numbers that excite and motivate you to achieve more.
According to the training, what is the primary benefit of setting projections in addition to goals?
According to the training, what is the primary benefit of setting projections in addition to goals?
- Projections ensure that you always achieve the highest possible outcome.
- Projections push you to exceed your perceived limits.
- Projections guarantee success by setting lower expectations.
- Projections allow you to reverse engineer the path to your targets and hedge against potential shortfalls. (correct)
What does 'hedging' refer to in the context of setting projections?
What does 'hedging' refer to in the context of setting projections?
- Diversifying your efforts across multiple targets to avoid focusing on one specific goal.
- Increasing your activity to ensure your projection is like your worst-case scenario. (correct)
- Balancing goals with realistic expectations.
- Minimizing risk by setting overly conservative targets.
According to the training, what is the primary benefit of accurately tracking inputs and outputs?
According to the training, what is the primary benefit of accurately tracking inputs and outputs?
What does the training suggest is the result of gaining accuracy in sales projections?
What does the training suggest is the result of gaining accuracy in sales projections?
What are the two main reasons for missing projections outlined in the training?
What are the two main reasons for missing projections outlined in the training?
What is the definition of a 'rut' according to the training?
What is the definition of a 'rut' according to the training?
What are the four areas the training mentions can be measured to identify a 'rut'?
What are the four areas the training mentions can be measured to identify a 'rut'?
According to the training, what is the significance of 'inspiration' in sustaining high performance?
According to the training, what is the significance of 'inspiration' in sustaining high performance?
What does the training recommend as a method for regulating the four key areas (physiology, clarity, necessity, and inspiration)?
What does the training recommend as a method for regulating the four key areas (physiology, clarity, necessity, and inspiration)?
Why is sleep so important, according to the training?
Why is sleep so important, according to the training?
According to the training, what is the first step in breaking out of a rut?
According to the training, what is the first step in breaking out of a rut?
In the context of breaking a rut, what does 'resetting the baseline' refer to?
In the context of breaking a rut, what does 'resetting the baseline' refer to?
What is the main point of having high performance rituals?
What is the main point of having high performance rituals?
What is 'planning tomorrow today'?
What is 'planning tomorrow today'?
Flashcards
Goals
Goals
Targets or aspirations; what we want to achieve.
Projections
Projections
Bare minimum standards; numbers you can hit even in worst-case scenarios.
Hedging
Hedging
Increasing activity to ensure projections are met, even under adverse conditions.
Inputs vs. Outputs
Inputs vs. Outputs
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Leading vs. Lagging Indicators
Leading vs. Lagging Indicators
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Reasons for Missing Projections
Reasons for Missing Projections
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What is a Rut?
What is a Rut?
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Qualitative Rut Measurement
Qualitative Rut Measurement
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Physiology
Physiology
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Clarity
Clarity
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Necessity
Necessity
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Inspiration
Inspiration
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Information Input Timing
Information Input Timing
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High Performance Rituals
High Performance Rituals
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Breaking Ruts
Breaking Ruts
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Study Notes
Keys to High Performance in Sales
- The training aims to provide actionable strategies for consistent high performance in sales, business, and life.
- Focuses on the 20% of actions that drive 80% of results.
- Implementation is crucial for significant improvement.
Training Overview
- Putting yourself in a position to win by setting projections and goals.
- Identifying and addressing the two primary reasons for missing targets.
- Avoiding ruts.
- Sustaining high performance.
- Maximizing upside and minimizing downside in sales.
- Energy management and regulation for consistent performance.
- Daily rituals for maintaining peak performance and avoiding slumps.
- Strategies for identifying and breaking out of ruts, returning to the baseline.
Projections vs. Goals
- Goals are desired targets, while projections are bare minimum standards.
- Projections normalize new levels of performance by minimizing downside.
- Projections should be achievable in worst-case scenarios.
- Goals inspire, but projections provide a baseline for diagnosis and improvement.
- Missing projections is acceptable if the reasons are understood and addressed.
- Projections facilitate reverse engineering the path to goals and hedging activities.
Hedging
- It involves increasing activity to ensure projections are met even in adverse conditions.
- Generating more calls than needed to fill program spots guarantees target achievement.
- A sense of confidence is gained, detaching from outcomes and focusing on the client's best interest.
Accuracy Through Projections
- Understanding the correlation between inputs and outputs.
- Sending X amount of messages = Y amount of closes
- Tracking metrics enables easy diagnosis of inefficiencies.
- Accurate projections provide a sense of control, leading to conviction and the ability to instill certainty in prospects.
Setting Projections
- Multiply the projection by 30-50% to determine the goal.
- Hedge behavior to achieve the goal while maintaining the projection as the minimum target.
- Reverse engineer the necessary actions to reach the goal.
- If the goal is 13 then hedge for 13 while keeping the projection at 10
- Factor in offer-to-close percentages, live consult rates, and call booking rates.
- Hedge leading indicators to influence lagging indicators.
- Review and adjust projections weekly, monthly, quarterly, and yearly.
- Include lead generation activities, set attempts, follow-ups, calls booked, and offers made.
- Focus on controlling leading indicators (inputs) to achieve desired lagging indicators (outputs).
- Leading indicators are controllable inputs, lagging indicators are outputs.
Reasons for Missing Projections
- Lack of hedging, not increasing volume.
- Being in a rut, which indicates underperformance.
- Adjust behavior to align with targets.
Identifying and Addressing Ruts
- A rut is defined as performing below 80-90% of capacity.
- Short-term dips are natural, but macro performance (bi-weekly/monthly) reflects true performance.
- A quantitative drop of 10% in closing percentage over 30 calls indicates a rut.
- Qualitative measurement involves assessing energy across physiology, clarity, necessity, and inspiration.
Four Areas to Measure Energy
- Physiology: Exercise, diet, sleep, water, and meditation
- Clarity: Alignment with vision
- Necessity: Importance of goals
- Inspiration: Information intake
Physiology
- Focus on exercise, diet, sleep, water, and meditation.
- Prioritize these for optimal energy levels and performance.
- Meditation enhances focus and presence during calls.
Clarity
- It involves alignment with a vision that provides energy.
- Tony Robbins states life supports that which support life
- Risks include having an unrealistic/unattainable vision.
Necessity
- Reasons for pursuing goals provide energy.
- Cultivate both selfish and unselfish reasons.
- Reasons should give you energy when you think about them.
Inspiration
- Inspiration comes from the information taken in.
- Inputs influence outputs and the ability to influence others.
- Bad inputs include negative news, upsetting environments, or conflicting visions.
- Good inputs include listening to past wins (recordings, testimonials) and motivational content.
- Structure inputs to align with daily activities.
Regulating Energy
- Rate energy levels on a scale of 1-10 in the four areas each night.
- A score of 8 or above indicates being in pocket, while 7 or below indicates risk or being out of pocket.
- Be honest.
Determining Energy Levels
- Assess sleep quality, diet, water intake, and exercise habits.
- Review vision, goals, and inspiration alignment.
- Reflect on reasons for pursuing goals and the energy they provide.
- Evaluate daily gratitude, client testimonials, and morning routines.
- Identify negative influences in the environment.
Additional Rut Indicators
- Ask close contacts for feedback on their experience.
- Monitor weekly projection achievement.
- Assess aggression levels.
- Evaluate promises to yourself.
High-Performance Rituals for Sustained Success
- Establish morning and night routines to maintain peak performance.
Morning Rituals
- Reading: Inspiration
- Identity Document (Audio): Inspiration, clarity, necessity
- Exercise: Physiology
- Calls to Wins, sales training: Inspiration
- Breathwork & Meditation: Physiology
- Identity Document (written): inspiration, clarity, necessity
Night Rituals
- Plan tomorrow today
- Update projections
- End-of-day journaling
End-of-Day Journaling
- List consults, leading indicator activities, and free journal on feelings.
- Reflect on what was great, what could be improved, lessons learned, and triggers.
- Assess responsibility, seek advice, and reaffirm reasons for pursuing goals.
- Rate physiology, clarity, necessity, and inspiration levels.
- Evaluate service to others, honoring promises, and operating at potential.
- Express gratitude and set intentions for tomorrow.
Breaking Ruts
- Diagnose the source of the rut and reset the baseline.
- Overcoming ego to acknowledge being in a rut is crucial.
Steps to Break a Rut
- Step 1: Identify the Source of the Rut
- Run diagnostics across physiology, clarity, necessity, and inspiration.
- Step 2: Find the Baseline
- Review past end-of-day and end-of-week reviews.
- Identify discrepancies and changes needed to return to peak performance.
- Step 3: Regain Your Standard
- Forgive yourself, revert to your standard.
- Journal about the lessons learned to prevent future ruts.
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