Pat Keep Up the Phenomenal Work. I have wrote my first ebook and started my digital company . You videos are filled with so much valuable information. You know the quote "im not great because im so smart im great because i stand on the shoulders of giants". You are one of my giants. 1 million subs by the end of the year!
“Start locally.” Reminds me of Fiji water! They started off with making sure that every store on their block sold Fiji water. Then, they went to the next block and made sure of it. Then the next block and the next one, and pretty soon, they had their whole city.
The greatest competition is you allowing the opponent who is trying to get you into playing you as his competition within himself.. That is freaking Genius!!
Competition ■90%inside focusing on you■ 10%outside focusing on competition Your goal is to focus on ur game(boxing )instead of focusing on je jitsu Follow steps 1locally 2statewide 3regional 4national 5globally Dont expand too fast ■■Stay tight stay strong■■ How to difrentiates ■■■■■■ERRC■■■■■■■ And also Price,Service,Experience ,Quality,Speed,Marketing, Can make u different Note bigger companys want more regulations so they cant join Study what working and not working Project future problems in future Always beat ur prior best Never pivot based on competition
Harvard is way too bureaucratic for that. Teachers teach there based on tenure, not on intellect or added value to their customers (students). To admit that Patrick (1.8 high school GPA, no formal college degree) knows more than they do, would be admitting defeat.
Pat, I have been following you for a year now and I have to say none of your videos can beat this one. I had several ahah moments and I basically stopped the video a few times adjusting my business plan and I will be talking to my team about the ideas I gained inspired by this video which will be revolutionary in our industry! Thanks a lot for all you do! You Produce Gold brother!
Pat your content is amazing because of this i started loving entrepreneurship and the freedom that comes with it, you have changed my life, now i am starting my own business and because of your videos a 21 years old is now having the best time of his life! THANKS A LOT PAT!
Love Blue Ocean Strategy. We studied it at Uni (Wish I didn't go, save your 4 years) and its really how business should be done. It allows you to compete in a saturated market because you are making the competitors irrelevant.
Shweet. Let me know if you want my course notes, but really, its so straight forward. Pay attention to the 4-Square Model and the Graph, then replicate the models with your own product
I'm alllllll about quality. I think if your product is a benchmark then it will always work because people always want the best and some can pay for it. People talk about quality not cheap.
Josef #1 is get your URL. Get your LLC to protect yourself and simplify your taxes. Find out if you need a dba in your town. Get your insurance. Just call your auto insurance folks and ask for help. Figure out how to pay your taxes. What else?? Pat should offer entrepreneur insurance to us........
Oliver Le Lievre Pat can still answer. But, Oliver, since you are the police here, please explain to me -- What exactly is wrong with me sharing what I've learned, both in law school and as I start my own business?
Josef make your research as well. Look at why businesses in your market fail. Study the failures of others so you don't go through the same mistakes. Study your industry. Studying your industry and market is the BIGGEST thing you should do
Great video. So, totally agree that if you're focused y what your competition is doing, you be won't focus on how to improve your business, product, quality, your operative system, etc. I think is good take a look at your competition time and time, but like Pat said, 90% effort should put it on your own business and improve every day. Thanks
Thank you Pat for these priceless videos you post. I'm currently going through a startup and you have shined a light on areas that i may be overlooking. God bless you, and have a great day!
Thanks for all the business videos Pat. You are a real beast and inspiration. Starting from $0 is true entrepreneurship. I salute you and look forward to all your content going forward.
Patrick, just awesome content. I have experienced what it is like to be in a hyper competitive market. Its like a bloody knife fight wherr the winner gets some pocket change. Being in an under served market is the way to go.
To me i think like, if I'm competing against someone, i want that person to lose but i also wish that person well, i dislike people who mix competition with hate.
Hey Patrick, how to manage DEBT. The debt management is very crucial in business. CAN YOU DEFINE DEBT MANAGEMENT. Because it is also a burden for some but also blood of many businesses. Please explain DEBT Management in detail.
Siddharth Chavan EXCELLENT QUESTION!! I'm torn right now. I'm not in debt but I'm struggling to take the steps I need to take in order to launch. I'm dying over here. (But happy lol). Should I take a loan??
I think your content is remarkable and effective. Thank you sir for this space. USMC Semper Fi sir, even though you're Army, I respect your service. Oorah, keep them coming.
Hey Pat I love your videos, you are a real inspiration for me. I've got one question, how long do you take to prepare for your videos? Much love for you and your team... you guys rock. 😀
Great lecture, as always Pat! This basically synthesizes all of the best points of Zero to One and Conscious Capitalism, two of the best business books out there. A third book could be written, based on this talk alone!
Patrick, my name is Matthew. I subscribed to your channel 2 months ago and I find your videos very educational. I watched the video you made of 14 ways young entrepreneurs can make money. I took your advice and have been doing Code Academy for the past two months, can you do a video of more suggestions for young entrepreneurs. Thank you, look forward to hearing back.
Okay I own a computer repair company called theitdr and the biggest problem with me is getting new customers I have just started putting out ads on Google and I'm about to on Binge but another problem for me is in my area I have about 3 other computer repair shops, one almost went out of business, the other is going strong because it is well known and won the best repair shop in my city and than the other one I don't hear about them but the thing is I'm not making any money and I'm not willing to give up on it but it is getting hard what should I do? And sometimes I get a few customers that come from them and they tell me that they have been ripped off by them or weren't treated right
1_advertising is good..I also advise you to use facebook advertising, works wonders for me..2_the old fashioned way: hire sone teens to distribute flyers of your shop( preferably near the competition's shop, to attract their customers) 3_ do sthg unique that others are not doing, I don't know about your field but here are few suggestions( offer customers free internal cleaning of their pc and remove the stuck dust...give sthg for free for every repair they make, for my business I give them free bracelets...on every official occasion, send then gift cards just offering value, and you'll build a connection with them, and guess who they'll be referring their relative who's looking to repair sthg to.)... there are lots of other tips and techniques I can't really remember right now
Great video. Could you at some point make a video on how to get clients in foreign markets? I am talking for people who have tangible products. In my case it's wine.
I'm happy to announce my Twitter account has cracked Canada's Top 100 Twitter accounts by followers. This means I'm already competing nationally. This means I need to 100X it to compete global.
PAT one more request can you share any real life story for and enterprenuer or what should be POA in his middlife crisies in 10years of business and 40years of life
Ode Air Blended Learning works and is an authentic way to help solve language problems for managers, executives, and technicians that what to continously improve their learning on business and social concepts. Would love to pitch my business to PBD and hope you'd invest on my vision. I can tell you one thing, if you were to consider my proposal you'd help me build an empire that will change how languages are taught and interlink it with PBD and change the world my friends.
Also, for kids and teenagers but one step at a time just need the right people to find, which is the weak part and hope you'll see where the States can help out.
Hey VT Team, Thank you for episode, yet, i wanted to write this earlier, but i wasn't sure.I noticed it first at bis studies with Tom, now im sure : sta.sh/0194bcr670yp The new episodes looks not as ,, sharp " as older ones from office (with daylight), that could be fixed / adjusted during rendering process. Also something different with audio quality , im not sure if, for the good, neither i am good at audio editing. Just trying to help with overall quality.
this is great video, i a currently running an online business that no one knows, i am making lots OF CASH, AND SOME times i ask myself if i am dreaming or living a dream.!!..and every fool is doing the same thing while i am doing my things and are always confused abt my weird lifestyle. i just prefer to be a underdog and put my head down always, and one day i will erupt like a volcano and i will be owning all their asses before they even realize it...
Regulation of business is not a bad thing. We the People regulate businesses to protect We the People from being screwed over by big businesses that only care about money and don't care who they hurt. Think about where we would be without the laws against monopolies. Imagine how much we'd be paying for things!! However - entrepreneurs need to be protected by special provisions in regulations. Because (1) We the People don't want to (as Pat said) bar the little guy's entrance into business. And, (2), of course entrepreneurs are not the ones who would be screwing over We the People. In fact having lots of entrepreneurs protects us all from that. Entrepreneurs need a lobbyist organization that goes to Washington to fight for our rights. I don't know if we have one. But I don't see Congress fixing the problems in Obamacare that hurt small business. Instead they're cleaving to "all or nothing" - kill it completely or take my ball and go home pissed. So my guess is that they're not feeling much pressure from small business.
Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid
Pat Keep Up the Phenomenal Work. I have wrote my first ebook and started my digital company . You videos are filled with so much valuable information. You know the quote "im not great because im so smart im great because i stand on the shoulders of giants". You are one of my giants. 1 million subs by the end of the year!
+MUNASHE 💪🏽
“Start locally.” Reminds me of Fiji water! They started off with making sure that every store on their block sold Fiji water. Then, they went to the next block and made sure of it. Then the next block and the next one, and pretty soon, they had their whole city.
The greatest competition is you allowing the opponent who is trying to get you into playing you as his competition within himself..
That is freaking Genius!!
Competition
■90%inside focusing on you■
10%outside focusing on competition
Your goal is to focus on ur game(boxing )instead of focusing on je jitsu
Follow steps
1locally
2statewide
3regional
4national
5globally
Dont expand too fast
■■Stay tight stay strong■■
How to difrentiates
■■■■■■ERRC■■■■■■■
And also
Price,Service,Experience ,Quality,Speed,Marketing,
Can make u different
Note bigger companys want more regulations so they cant join
Study what working and not working
Project future problems in future
Always beat ur prior best
Never pivot based on competition
This speach should be listed in Harvard business school's lectures
Abdulsalam Aswad I wonder if Harvard would bring Pat on to teach an entrepreneurship course.
SHE3e23
It will be an added value, but actually they will not do.
The world needs practical minds but not more economical theories.
Harry Clinton Only if the government lets me mooch a MINIMUM of $5M. Otherwise, this capital-L Liberal ain't gonna be happy.
Harry Clinton Obama's education system? So much credit given to Obama.
Harvard is way too bureaucratic for that. Teachers teach there based on tenure, not on intellect or added value to their customers (students). To admit that Patrick (1.8 high school GPA, no formal college degree) knows more than they do, would be admitting defeat.
Pat, I have been following you for a year now and I have to say none of your videos can beat this one. I had several ahah moments and I basically stopped the video a few times adjusting my business plan and I will be talking to my team about the ideas I gained inspired by this video which will be revolutionary in our industry! Thanks a lot for all you do! You Produce Gold brother!
Pat your content is amazing because of this i started loving entrepreneurship and the freedom that comes with it, you have changed my life, now i am starting my own business and because of your videos a 21 years old is now having the best time of his life! THANKS A LOT PAT!
Love Blue Ocean Strategy. We studied it at Uni (Wish I didn't go, save your 4 years) and its really how business should be done. It allows you to compete in a saturated market because you are making the competitors irrelevant.
Don't get it twisted though, I love to compete. Offering what your competitors can't is still competing
BRANDOUT ! I just downloaded the book. Great to hear your review.
Shweet. Let me know if you want my course notes, but really, its so straight forward. Pay attention to the 4-Square Model and the Graph, then replicate the models with your own product
BRANDOUT ! Thank you!
BTW - what are you doing in business?
I'm alllllll about quality. I think if your product is a benchmark then it will always work because people always want the best and some can pay for it. People talk about quality not cheap.
7:10 to 7:50 That's a piece of gold right there
Pat, could you make a video on legal things you have to look out for when starting a business .
Exactly
Josef #1 is get your URL. Get your LLC to protect yourself and simplify your taxes. Find out if you need a dba in your town. Get your insurance. Just call your auto insurance folks and ask for help. Figure out how to pay your taxes.
What else??
Pat should offer entrepreneur insurance to us........
he asked for pat, not SHE3e23
Oliver Le Lievre Pat can still answer. But, Oliver, since you are the police here, please explain to me -- What exactly is wrong with me sharing what I've learned, both in law school and as I start my own business?
Josef make your research as well. Look at why businesses in your market fail. Study the failures of others so you don't go through the same mistakes. Study your industry. Studying your industry and market is the BIGGEST thing you should do
How to handle DEBT effectively and use it as our advantage????
Sounds like robert kiyosaki is who you should be listening to
Love it, this certainly answered my question in the previous video. Will certainly re watching this over and over again.
Spend 90% on the inside ( developing your company) and 10% on the outside (studying the competitions).
Pat has taught me more about business then I've learnt in the last 3 years.
Great video. So, totally agree that if you're focused y what your competition is doing, you be won't focus on how to improve your business, product, quality, your operative system, etc. I think is good take a look at your competition time and time, but like Pat said, 90% effort should put it on your own business and improve every day. Thanks
Thank you Pat for these priceless videos you post. I'm currently going through a startup and you have shined a light on areas that i may be overlooking. God bless you, and have a great day!
Refreshing to watch this. I've gone towards certain niches and stuck local. Gives me more time focusing on growth in new markets
Thanks for all the business videos Pat. You are a real beast and inspiration. Starting from $0 is true entrepreneurship. I salute you and look forward to all your content going forward.
Thank you so much Pat. Lots of love from Cambodia.
Hey Valuetainment, can you do a video on how to choose an industry and how Pat specifically got into the life insurance industry?
Patrick, just awesome content. I have experienced what it is like to be in a hyper competitive market. Its like a bloody knife fight wherr the winner gets some pocket change.
Being in an under served market is the way to go.
Pat, needed this one today my man. Thank you sir
Nice video Patrick. Valuetainment has become a game changer in online contents. Your videos encourage and simplify entrepreneurship. Keep it up guys!
Awesome chuckboard! Love the passion you put into every word. 👌🏼👌🏼
To me i think like, if I'm competing against someone, i want that person to lose but i also wish that person well, i dislike people who mix competition with hate.
Thanks so much Pat for another AWESOME & VERY IMFORMATIVE video 👍👍👍
Pat, do you have any videos talking about the pros and cons of non profits vs for profits?
Just bought Blue Ocean Strategy on Audible!
Pat, make a video on Risk management!
Hey Patrick, how to manage DEBT. The debt management is very crucial in business. CAN YOU DEFINE DEBT MANAGEMENT. Because it is also a burden for some but also blood of many businesses. Please explain DEBT Management in detail.
Siddharth Chavan debt is a financial drug.
Siddharth Chavan EXCELLENT QUESTION!!
I'm torn right now. I'm not in debt but I'm struggling to take the steps I need to take in order to launch. I'm dying over here. (But happy lol). Should I take a loan??
SHE3e23 find rather a investor. Take a debt when you are damn sure about your product.
I'm in hugee debt, still working hard , would really appreciate video on this topic
I think your content is remarkable and effective. Thank you sir for this space. USMC Semper Fi sir, even though you're Army, I respect your service. Oorah, keep them coming.
Biggest FEAR of an entrepreneur in term of finance. Some have gone totally BANKRUPT. Please tell us about debt management.
I just luvvvvvv the knowledge you share....
thank you for giving so very much for free :)
Hey Pat I love your videos, you are a real inspiration for me. I've got one question, how long do you take to prepare for your videos? Much love for you and your team... you guys rock. 😀
Awesome video as always Pat!
Thank-you!
Great lecture, as always Pat! This basically synthesizes all of the best points of Zero to One and Conscious Capitalism, two of the best business books out there. A third book could be written, based on this talk alone!
Any detailed info about E commerce business ? How to choose a niche market how to increase my customers
Could you do a video on what to do if your business gets sued or if you have to sue another business?
Thanks so much for the knowledge Pat
AMAZING VIDEO! Keep up the great work and dominate content!
Patrick, my name is Matthew. I subscribed to your channel 2 months ago and I find your videos very educational. I watched the video you made of 14 ways young entrepreneurs can make money. I took your advice and have been doing Code Academy for the past two months, can you do a video of more suggestions for young entrepreneurs. Thank you, look forward to hearing back.
Nice!!! Very helpful.. got few new ideas, strategies!!!!
Just in general Patrick, how do you deal with the risk of becoming an entrepreneur?
+munsangwa matibini you outrun the the speed of running out of money.
This video is a perfect.
For each effect.. absolutely the real genius mindset. A PERFECT
Thumbs up Patrick....
That's a good way to explain SWOT analysis :)
Okay I own a computer repair company called theitdr and the biggest problem with me is getting new customers I have just started putting out ads on Google and I'm about to on Binge but another problem for me is in my area I have about 3 other computer repair shops, one almost went out of business, the other is going strong because it is well known and won the best repair shop in my city and than the other one I don't hear about them but the thing is I'm not making any money and I'm not willing to give up on it but it is getting hard what should I do? And sometimes I get a few customers that come from them and they tell me that they have been ripped off by them or weren't treated right
1_advertising is good..I also advise you to use facebook advertising, works wonders for me..2_the old fashioned way: hire sone teens to distribute flyers of your shop( preferably near the competition's shop, to attract their customers) 3_ do sthg unique that others are not doing, I don't know about your field but here are few suggestions( offer customers free internal cleaning of their pc and remove the stuck dust...give sthg for free for every repair they make, for my business I give them free bracelets...on every official occasion, send then gift cards just offering value, and you'll build a connection with them, and guess who they'll be referring their relative who's looking to repair sthg to.)... there are lots of other tips and techniques I can't really remember right now
Great video. Could you at some point make a video on how to get clients in foreign markets? I am talking for people who have tangible products. In my case it's wine.
Tiago Soares hey Thiago, are you from Portugal too?
Maybe we can help you: check it out www.businesspt.pt
Sounds like Blue Ocean Strategy Pat 👍🏽😁
Great video.thanks alot Pat
Awesome channel
what is to monopolies pat?
Always great content.
Awesome as always
CAN YOU DEFINE DEBT MANAGEMENT. woo please make a video
Why people disliked? This frustrates me....
Love the videos Pat
upset that i didn't see the pillow at the end... Great video nonetheless!
I see Floyd must paid for this promotion 👍🏾💯
Being proactive versus being reactive.
Pat I have not understood over regulation
I'm happy to announce my Twitter account has cracked Canada's Top 100 Twitter accounts by followers. This means I'm already competing nationally. This means I need to 100X it to compete global.
Sharif Sourour, I really hope you can give me your account name to me so that I can also follow you 🙂
@HonourableHappy
Good info Pat.
Local first.
PAT one more request can you share any real life story for and enterprenuer or what should be POA in his middlife crisies in 10years of business and 40years of life
+Vikram Ghanghar I'll keep that in mind.
The ideal way when it comes to competition: Figure out a way to go into a market where you are not competing with anyone else.
Patrick!!!! help me!! i Keep not getting at it, i lack discipline how can i grow it??
henk pauper he has a video on work ethic
henk pauper Schedule every day. Include lots of free time at first, and focus primarily at keeping the schedule perfectly since that's the hard part.
Great video
DO A VIDEO ABOUT AI !!!!!!!!!
Nice content
Any young entrepreneur here wants to network ?
Squad
Ode Air Blended Learning works and is an authentic way to help solve language problems for managers, executives, and technicians that what to continously improve their learning on business and social concepts. Would love to pitch my business to PBD and hope you'd invest on my vision. I can tell you one thing, if you were to consider my proposal you'd help me build an empire that will change how languages are taught and interlink it with PBD and change the world my friends.
Also, for kids and teenagers but one step at a time just need the right people to find, which is the weak part and hope you'll see where the States can help out.
Hey VT Team, Thank you for episode, yet, i wanted to write this earlier, but i wasn't sure.I noticed it first at bis studies with Tom, now im sure :
sta.sh/0194bcr670yp
The new episodes looks not as ,, sharp " as older ones from office (with daylight), that could be fixed / adjusted during rendering process.
Also something different with audio quality , im not sure if, for the good, neither i am good at audio editing.
Just trying to help with overall quality.
can we call you an Social Entrepreneur
Cocky fighter? Like Cocky Balboa?
Love you pat , first to like
+AYG POP Lyrics much ❤️
this is great video, i a currently running an online business that no one knows, i am making lots OF CASH, AND SOME times i ask myself if i am dreaming or living a dream.!!..and every fool is doing the same thing while i am doing my things and are always confused abt my weird lifestyle. i just prefer to be a underdog and put my head down always, and one day i will erupt like a volcano and i will be owning all their asses before they even realize it...
Steve Mugisha create more entrepreneurs
💪❤
Hey bro #valuebombs
Regulation of business is not a bad thing. We the People regulate businesses to protect We the People from being screwed over by big businesses that only care about money and don't care who they hurt.
Think about where we would be without the laws against monopolies. Imagine how much we'd be paying for things!!
However - entrepreneurs need to be protected by special provisions in regulations. Because (1) We the People don't want to (as Pat said) bar the little guy's entrance into business. And, (2), of course entrepreneurs are not the ones who would be screwing over We the People. In fact having lots of entrepreneurs protects us all from that.
Entrepreneurs need a lobbyist organization that goes to Washington to fight for our rights. I don't know if we have one. But I don't see Congress fixing the problems in Obamacare that hurt small business. Instead they're cleaving to "all or nothing" - kill it completely or take my ball and go home pissed. So my guess is that they're not feeling much pressure from small business.
what means tansible?
Hawawa Büschbüsch its 'G' and not 'S' mate
ok tangible but what doesnit mean?
Find new problems that isn't being solve and solve it!!!! We need more scientists not business man.
Does this guy know weebs are a thing?
Any detailed info about E commerce business ? How to choose a niche market how to increase my customers