5 • 1.2K Ratings
🗓️ 2 April 2025
⏱️ 7 minutes
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0:00.0 | Welcome to Let It Be Easy with Susie Moore. |
0:08.0 | I'd like to share with you today something that I learned a few years ago from a podcast that I used to listen to. |
0:17.0 | It's been revamped many times since. |
0:19.0 | It's Michael Hyatt's podcast. She now co-hosts a podcast with |
0:23.3 | his daughter, Megan. They're both incredible people. I recommend that podcast. Certainly, |
0:28.0 | it's so high value. But I learned this. I remember exactly where I was. I was going to my |
0:33.3 | consulting job on the subway in New York, listening to Michael Hyatt. The podcast back then was |
0:39.2 | called Lead to Win and I was newer in my coaching business. And he was breaking down essentially |
0:46.7 | in this podcast the best types of clients. Okay. And I was searching it because I wanted to find exactly how he described this. |
0:57.3 | Because I, you know, in my mind, I had the kind of graph, but I wanted to make sure it was correct |
1:01.7 | in order for me to share it with you and to be a value. So I did find this old piece. I think it's |
1:07.6 | pretty old on his site for Focus.com. And it's called How to Get More Cash |
1:12.4 | Cows. There's a picture of a cow and it's quite funny. But the graph is essentially sharing this, right? |
1:19.3 | And this blog post says, look, it's one of the toughest questions to ask in business. Who should |
1:24.9 | you be working with? Right? Who should you be working with? And he shares here, |
1:29.6 | the aha moment came when I was thinking about our professional relationships with authors and agents. |
1:35.4 | Some relationships were highly profitable and enjoyable. Others were also quite profitable, |
1:41.2 | but a constant drain on our staff and resources. Still, others were enjoyable, |
1:45.7 | but not rewarding financially. And of course, they were the worst kind of relationships, |
1:51.3 | unprofitable and annoying. So the Hyatt team created a, it's called a two-by-two matrix, |
1:59.5 | and there's a horizontal axis representing maintenance |
2:02.5 | and the vertical axis representing profit. And when you step back and look at it, it's easy to |
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