Recapture and Reallocate - Advanced + Bonus HW
Level 6: Grand Master Player
Nic here. This post is coming at you prematurely because it’s three in the morning, it’s top of mind for me, and that’s when I tend to ready, fire, aim things. A few weeks ago, a student of ours told me about his new program. It occurred to me that a basic recapture exercise might be enormously beneficial to his clients, so I offered to do five sessions for free so he could watch and decide whether or not he wanted to add it to the program.
Average time it took then to complete: 40 minutes or less
Average recapture: $47,275
Average equivalent in sales: $123,449
Of course, we had to remind them:
“If you would pay $X or spend Y time for $123,344 in new new sales, you should be thrilled to pay X or spend Y time to get the equivalent profits without having to make extra sales or take on any extra work”
That part always takes a few minutes to sink in.
The basic recapture is all about the “easy money”. It’s “easy” because it’s not new, it just recaptured waste. The real magic is when you take the time to reallocate it strategically to achieve “certainty” and “collapse time”. First, a refresher and some “over-the-shoulder” case studies:
Read Basic Recapture Here: This is an overview of the recapture process, derived from Dan Nicholson’s “Two Oreo Principle”
Priceless, The Look On Her Face: I wrote this one shortly after getting off one of the recapture calls to archive the conversation and show how many people are closer than they think - and are actually getting further away by pushing for more.
Cash Flow Engineering and The Solvable Problem TM Calculator is a step by step process from Certainty Tools that will show you how to start thinking about effective reallocation of resources by tying them into your Solvable Problem2
Bookmark this page and review the above as often as necessary. Remember, it’s not a on time event, it’s a skill to develop.
You’ll notice that while the basic recapture is similar for everyone, the advanced recapture depends heavily on personal preferences, priorities and situation. A chiropractor with three kids in Montana will have different tax strategies available than a single consultant in Ontario.
More advanced does not mean more complicated, it means more personalized to the individual.
The Income Trap
Growing your revenue is not a bad thing.
The issue is that if you grow your revenue without recapturing and reallocating consistently, you risk will grow at a greater rate than your income. Since most people don’t know how to adjust for risk, what feels like “winning” is creating a bigger ticking time bomb.
The goal is to get you closer to the things that you want. The highest probability of getting there will be ensuring that your income is growing at a rate that is greater than risk you are taking on, over time.
Advanced recapture and reallocate often doubles the money found. More importantly, it drastically reduces risk, increasing the probability of compounding over a long period of time and locking in your priorities.
Advanced Recapture and Reallocate
The advanced recapture and reallocate process will change, over time. In the beginning, we are going to put in the extra work to provide you with extra, personalized support - but you have to do your part.
If you do the work, you will get:
A custom report sent to you
This custom report will include recommendations and introductions to the people we know and trust to help you implement advanced strategies. It’s up to you to vet them and decide if it’s a good fit, we are just making the introduction based on their track record.
Access to the growing list of crowdsourced recapture tools. If you want access to the list please contribute to it in the homework below.
For those that qualify, I will set aside time for a one-on-one reallocate call. Note: this is available to all Guardians in the Guardian Tier.
Here are the steps:
Watch the video below. It will give you the steps to do a basic recapture and to submit your homework/task.
Do the work and submit the form.
We will review and craft a custom report and invite you to the next steps.
Because our top priorities are you doing the work and then sharing with others, those who submit the homework will be sent few bonuses and added to the list of “proven implementers".
Here we go…