How To Scale A Business Using The 80/20 Percent Rule with Robert Mallon | Ep. 90

Summary

In this episode of the Abundant Journey Podcast, host Nick James interviews Robert Mallon, an experienced entrepreneur and executive coach. Robert shares his journey from the restaurant industry to becoming a successful coach, emphasizing the importance of personal growth, leadership development, and a holistic approach to coaching. He discusses the significance of identifying one's purpose, the value of transformation over mere information, and the necessity of balancing various life aspects to achieve success. Robert also provides insights into the coaching process, including how to identify the most impactful areas of focus in one's life and business. In this conversation, Robert Mallon shares insights on entrepreneurship, emphasizing the importance of investing in support, delegation, and understanding one's strengths. He discusses the challenges of imposter syndrome and the necessity of facing fears in business. Mallon highlights the significance of having a clear mission statement and the role of accountability partners in achieving success. He encourages entrepreneurs to step outside their comfort zones and to recognize when to say no to opportunities that do not align with their goals.

Takeaways

• Robert Mallon transitioned from the restaurant industry to executive coaching after realizing his passion for growing leaders.
• He emphasizes that business principles apply across industries, making it possible to switch fields successfully.
• Robert's mission is to inspire and encourage individuals to reach their full potential.
• He believes in a holistic approach to coaching, addressing both personal and professional aspects of life.
• The concept of 'information without transformation' highlights the need for actionable change in coaching.
• Robert uses a life category sheet to help clients assess their overall well-being and set specific goals.
• He encourages clients to identify the 20% of their efforts that yield 80% of their results.
• Eliminating, automating, or delegating tasks can help individuals focus on their strengths.
• Robert stresses the importance of having a supportive network to process challenges and growth.
• Finding one's zone of genius is crucial for maximizing effectiveness and satisfaction in work. Investing in support can yield significant returns.
• Delegation is essential for scaling a business.
• Identify tasks you are not good at to delegate effectively.
• Imposter syndrome is common; face it head-on.
• Fear can be a motivator in entrepreneurship.
• Having a clear mission helps in decision-making.
• Stepping outside your comfort zone expands your capabilities.
• Accountability partners provide necessary support and guidance.
• Look for integrity and experience in a coach.
• Understanding your strengths can guide your career path.

Chapters

00:00 - Introduction to Robert Mallon 01:00 - Robert's Journey into Entrepreneurship 05:55 - The Transition from Restaurant Industry to Coaching 10:05 - Establishing an Executive Coaching Business 15:46 - Defining Executive Coaching 21:55 - The Holistic Approach to Coaching 24:58 - Identifying the 20% that Drives Success 29:30 - Investing in Support for Business Growth 30:37 - Delegation: The Key to Scaling Your Business 31:19 - Identifying Strengths and Weaknesses 33:47 - Facing Imposter Syndrome as an Entrepreneur 34:16 - Embracing Fear in Entrepreneurship 36:27 - The Importance of Purpose in Life and Work 37:28 - Mitigating Risk in Entrepreneurial Transitions 38:34 - Stepping Outside Your Comfort Zone 42:57 - Finding the Right Accountability Partner 44:30 - Qualities of a Good Coach or Accountability Partner 49:22 - Crafting Your Mission Statement 51:26 - Using Strengths to Guide Your Path 54:43 - Knowing When to Say No

Connect with Robert Mallon: Web