Dave Lukas from Misfit Entrepreneur Podcast

How can structure equal freedom?

Dave Lukas is our guest, and he dives into this and more.

You'll find with a lot of successful entrepreneurs and even those that you see and look up to as top entrepreneurs and visionaries and founders. Structure equals freedom. And a lot of people don't understand that. They hear that and like, what do you mean structure equals freedom? The more discipline and structure you have in your regiment, the more you can get done, and the more productive you can be. So I'm highly structured and how I do things.

But there is a second part to structure equalling freedom...

It's one thing to be structured, but it's another thing that you hit the ground running and know what you're going to do. So the other side of it is planning. So every Sunday I sit down and I actually am old school. So I actually sit down for half an hour and I write out by the day for the week coming what I'm going to do and what I need to do. So my top things that I need to get accomplished every day.

How does he put this in play when he coaches leaders?

I sat down with about a $100 Million business a couple of weeks ago with their leadership team. And we went through how they run their business and their day. And it was just all over the place. There's no plan. There wasn't any structure for how they even do their meetings or any of the type of stuff. And by the time we were done with a day session, you know, they had things dialed in and set.

When it comes to planning and structure, what can entrepreneurs do to help themselves?

One of the most important things that an entrepreneur can do for themselves is to learn to play the long game. And so you have to take the step back and you have to be able to sit there and say, okay, what do I actually need to do? Three months ahead? A year ahead, right? And how do I start putting things in place to get that in process today?

We all experience the "highs" and the "lows" of being an entrepreneur. But where is the sweet spot?

As entrepreneurs, we spend a lot more time in a series of peaks and valleys. But we spend a lot more time in the valleys than we do the peaks. But the valleys are where the gold is. The peaks are sweet, they're so nice. But that's where you really get better and you learn is in the valleys. And so, you know, advice to anybody out there, embrace those valleys that you go through and everything. Because that's where I learn these things. That's where I learn to be better discipline.

Dave dives into what he calls DCP

It stands for discipline, consistency and persistence. But what does it really mean, right? Discipline is doing the things that you know, you need to do even when you don't want to do them consistently. Consistency is doing that day in and day out without fail. And then persistence is no matter, no matter what, even if you're disciplined and consistent, you're going to hit these walls, you're going to hit these insurmountable things that don't seem like you'll ever be able to pass them. And if you're not willing to persist through that and persevere through it, that's we're going to stay, that's we're going to plateau.

Misfit Entrepreneur Podcast

Dave M. Lukas is a serial entrepreneur, best-selling author, investor, and Founder of the Misfit Entrepreneur Podcast. His companies have been ranked on the Entrepreneur 365 and INC 5000 List 7 times. He has been featured on radio, TV, and many top trade publications and web such as Forbes, INC, Yahoo! Finance, BTN, BTE, and others.

Dave is also the author of the amazon best-seller “The Ten Year Career, The Fast Track to Retiring Young, Wealthy and Fulfilled.” The book is a culmination of 5 years of dedicated research into the mindset and habits of high performers, and gives the reader the missing links and path to greater success and fulfillment.

He is also the founder and host of the Misfit Entrepreneur, a top-rated podcast devoted to giving the audience incredibly useful and unique insight from the world's top entrepreneurs and highest performers with a focus on their non-traditional methods for achieving success, their Misfit side. The show is listened to weekly in over 140 countries and reaches over 90,000 per month.

An accomplished investor in real estate and stock investing, through his 12 Minute Trading System, Dave has mentored, educated, and trained thousands of students worldwide on how to create income from the stock market. He has spoken extensively in front of a wide array of organizations from many of the Fortune 500 to top Universities and Trade Groups with an emphasis on teaching individuals the stra...