[Freddie Mercury]: Let’s go and punch a hole in the roof of Wembley Stadium.
[Brian May]: Actually, Wembley Stadium doesn’t have a roof.
[Freddie Mercury]: Then we’ll punch a hole in the sky.
-Bohemian Rhapsody (2018)
Crafting a compelling vision for your future is a cornerstone for success. One powerful tool in this endeavor is the 10x Vision Map, a strategic framework that enables individuals to dream big, set ambitious goals, and map out a path to extraordinary achievement.
In this article, I delve into the steps to create your 10x Vision Map and unlock your full potential.
Buy Back Your Time
“If you have to tell somebody how to grow that area of the business, then you made the wrong hire.“
- Figure out your buyback rate:
- Calculate how much you generate per hour by dividing your annual income by 2000 (average work hours).
- Divide that number by four to determine your buyback rate.
- Avoid tasks that can be done for less than your buyback rate; delegate those tasks to others.
- Execute a buyback loop when needed:
- Conduct a time and energy audit to identify tasks suitable for delegation.
- Transfer low-cost tasks to others, whether by hiring, renegotiating with team members, or utilizing interns.
- Use the freed-up time to focus on high-value activities or personal development.
- Climb the replacement ladder:
- Hire in a specific sequence: executive assistant, delivery, marketing, sales, and executive leadership team.
- Ensure each level is filled before moving on to the next for efficient business growth.
- Follow the 10/80/10 rule:
- Creatives can delegate 80% of the work to others, while retaining the crucial 10% for their input.
- Example: Steve Jobs and Jony Ive followed this rule in the design process at Apple.
- Create your 10x vision map:
- Identify and dream in four key areas: team, primary business, empire (10x scale of the current business), and lifestyle.
- Understand the potential future of your business at a 10x scale.
- Apply the buyback principle not only in work but also in personal life for clarity and direction.
A Guide to Creating Your 10x Vision Map
1. Define the Four Key Areas
Start by identifying the four crucial areas of your life that the 10x Vision Map focuses on:
- Team: Consider the people you work with closely. To scale your dreams, you need a supportive and skilled team. Identify key individuals who can contribute to your success.
- Primary Business: Reflect on your current business focus and envision it at a 10x scale. Be specific about team size, profit, revenue, and sales. This clarity will serve as a roadmap for your future business endeavors.
- Empire: Explore the possibility of creating an empire—a larger, more leveraged business with increased resources. Think about how your current business could evolve or how you might reinvest resources after an exit.
- Lifestyle: Apply the buyback principle not only at work but also in your personal life. Clarify your personal goals, aspirations, and the lifestyle you desire. Ensure that your personal and professional pursuits align for holistic fulfillment.
2. Visualize the Future
With the key areas in mind, visualize what success looks like in each category at a 10x scale. Envision the impact of a highly successful team, a thriving business, a formidable empire, and a fulfilling lifestyle. Allow yourself to dream without limitations.
3. Quantify Your Goals
Break down your vision into tangible, quantifiable goals. Set specific targets for team expansion, revenue growth, business milestones, and personal achievements. Having measurable objectives makes it easier to track your progress.
4. Eliminate How and Focus on What
The essence of the 10x Vision Map is to focus on the “what” without getting bogged down by the “how.” Avoid getting entangled in the details of how you’ll achieve your goals initially. Instead, concentrate on defining what success means to you in each area.
5. Regularly Revisit and Revise
A 10x Vision Map is not static; it evolves as you grow and as circumstances change. Regularly revisit and revise your goals based on your experiences, achievements, and shifting priorities. Flexibility is key to adapting to new opportunities and challenges.
6. Align Daily Actions with Vision
Ensure that your daily actions align with your 10x Vision Map. Evaluate your tasks, decisions, and activities against your overarching goals. This alignment will guide you in making choices that contribute to the realization of your vision.
7. Seek Feedback and Support
Share your 10x Vision Map with trusted mentors, colleagues, or friends. Seeking feedback and support can provide valuable insights, uncover blind spots, and foster a sense of accountability.
Related content: Essential Tools and Techniques To Improve Your Productivity
Creating your 10x Vision Map is a transformative exercise that empowers you to dream beyond conventional limits.
Remember: the 10x Vision Map is not just a tool; it’s a mindset shift that propels you toward a future that exceeds your wildest expectations.