About 50 years ago, the microchip had people making predictions about how the technology would influence all areas of human life. Now, advancements in artificial intelligence are generating the same sorts of predictions. Dan and Jeffrey discuss the psychological effect of AI’s potential, the very different mindsets with which people are approaching it, and who is set to benefit the most.

Show Notes:

New technologies can force people to rethink their relationship to work and to everything else in their lives.

If you want to remain human, you have to adopt a theater-based attitude because the attitudes related to computers take the human out of the picture.

Every technological advancement has given a certain advantage to early adopters.

When it comes to technology, the playing field levels rapidly.

There are people whose mentality is that machines are good and humans are bad.

There's a certain Ponzi scheme quality to the way early investments are done.

In some industries, money isn’t made in coming up with new ideas, but in taking advantage of other people being enthralled by new ideas.

There are businesspeople who have been almost deified by a certain level of consumers.

The new luxury and desirability come from something that has the human touch.

You can get so far into the world of new that you've lost touch with everything that already exists.

Every time we lose the ability to connect and share an experience with others, we’re losing something fundamental to what we are as humans.

Theater is the ultimate in a shared emotional experience because it's live.

Creating a brand can be all about storytelling, theater, and connection.

Resources:

Casting Not Hiring by Dan Sullivan and Jeffrey Madoff

The Gap And The Gain by Dan Sullivan and Dr. Benjamin Hardy

Learn more about Jeffrey Madoff

Dan Sullivan and Strategic Coach®

Are you casting your team like a theatrical production or just going through the motions with your hiring? Jeffrey and Dan explore how theater principles can revolutionize entrepreneurship. Discover how casting roles can improve creativity, productivity, teamwork, and engagement. Learn about their new book, Casting Not Hiring, and gain insights into innovative tools for defining roles in your business.

Show Notes:

• The key to building a successful entrepreneurial team is to cast people for roles rather than just hire them for jobs.
• This leads to collaborative teamwork that builds on and amplifies individual strengths and talents.
• There is a significant overlap between entrepreneurship’s activities and theater as an expression of entrepreneurship, since both involve taking risks, engaging an audience, delivering compelling narratives, and bringing creative concepts into reality.
• Entrepreneurship is an inherently creative act that involves taking an idea and attempting to actualize it into products or services.
• Similarly, every interaction is a performance; treat pitches and meetings as auditions to captivate your audience.
• These traits contribute to the adaptability, innovation, and forward-thinking mindset essential for navigating the challenges and opportunities within entrepreneurship.
• The 4 x 4 Casting Tool™, available in Jeffrey and Dan’s upcoming book, Casting Not Hiring, is a fantastic resource for defining roles and expectations clearly within teams that facilitates success from day one.
• Past events, challenges, and opportunities have a significant impact on shaping present and future decisions within entrepreneurship.
• By acknowledging the importance of past experiences, entrepreneurs can draw upon lessons learned, insights gained, and skills developed, and leverage them to inform current strategies, problem-solving approaches, and decision-making processes.

Resources:

Book: Casting Not Hiring by Dan Sullivan and Jeffrey Madoff

Learn more about Jeffrey Madoff

Dan Sullivan and Strategic Coach®

Do you understand the true potential of AI for your business? Jeffrey and Dan explore the practical applications of AI for entrepreneurs and discuss how it can streamline operations, improve productivity, and solve complex problems across various industries. Learn to navigate the current AI hype and discover how to leverage this technology as a powerful tool for driving business growth and innovation.

Show Notes:

• AI is primarily a complexity solver, excelling in areas involving multiple interwoven systems.
• Effective AI applications include traffic systems, air traffic control, healthcare, military operations, and gaming.
• Entrepreneurs should evaluate AI based on whether it makes processes faster, easier, and cheaper and produces bigger results.
• Entrepreneurs should focus on backstage AI applications to improve human front stage performance.
• Creating newsletters with AI can significantly reduce team workload and achieve high engagement rates.
• AI search engines like Perplexity provide concise, relevant information quickly compared to traditional search engines.
• AI uses an enormous amount of electricity, potentially straining current power grids.
• Modular nuclear reactors may be a potential solution to AI's energy demands.
• Many AI start-ups may not survive long-term; successful companies will likely consolidate multiple AI applications.
• AI is an extension of human thinking, not a replacement.
• Avoid getting caught up in trying every new AI tool. Instead, focus on applications that provide tangible benefits to your business.
• AI can make productive people significantly more productive, but may make unproductive people more unproductive.
• It’s important to balance AI insights with human judgment and experience when making decisions about your business.

Resources:

Perplexity

Book: Cue the Sun!: The Invention of Reality TV by Emily Nussbaum

Book: Which Lie Did I Tell?: More Adventures in the Screen Trade by William Goldman

Learn more about Jeffrey Madoff

Dan Sullivan and Strategic Coach®