PAT- I’m 80 yrs old & owned my own company a couple of times. Sure enough, I did all the wrong things that you mention in your talk today! AND I WENT UNDER THE FIRST TIME THE ECONOMY TOOK A DOWN TURN! Second time I did everything you talk about ( failure is a wicked teacher) and I stayed afloat for 30 years. So glad you spelled it out - hope a lot of newbies were listening!
Met a 17yr old one time begging me for some money out in front of a grocery store. I politely said no thank you and proceeded to my car. As I was driving towards the front of the store to leave out the parking lot I saw him again. I rolled down my window and told him I can teach him how to make 6 figures. He laughed at me and said “bro, you make 6 figures and drive a Toyota Camry!?” And just proceeded to laugh at me. Year 2 running my own business and we’re set to do 200k by the end of this year and imma drive my Camry till the engine blows and by a used one all over again lol.
There’s some pleasure when you can afford the Bentley I suppose… but really- having some freedom to choose or a lot of freedom to choose is the greatest satisfaction of all
Most, not all , but most of those people driving the expensive luxury cars are just pretending to be rich or they financed the thing or they have a fairly high income but it's a big hat and no cattle situation. That kid watches too much social media and mtv. Needs to come back to reality
I’ve been in business for 5 years now and I can say wholeheartedly that I made a few of these mistakes when I first started and only wish someone would’ve given me this advice when I first started out
I miss this type of content. I've been watching you for 7+yrs now. Went to the first vault. bought the sales program. You definitely sharpened the business side of me. We are on track to do 1M this year and in yr 2 of business
8:40 same way we operate in the fire department. The bonds you make cooking for your crew, nothing else like it!! Love the value you're putting out there for us man, one hell of an inspiration!!
Totally agree. I run and own a 3rd generation family business. I'm in my mid twenties and I drive a Ford Focus. We're in the ad space. Constantly trying to optimise. It's very difficult to have a start up mentality when you've been in business for 25 years, in a small market. I would add another mistake one can make, over hiring salaried employees. Outsource trial areas and new areas of business before committing. Set the stage. Many people want comfort and they tend to be negative, even in smaller companies. Identifying the right talent and team is the best investment one can make.
@@hedonist7962 I specified salaried employees, there's a huge difference between outsource and the 9-5 worker. When you're starting out, avoid the 9-5 worker. That was clear in the video. I operate out of the EU, so employment laws are tricky.. you can't fire at will. You can't fire people for a bad attitude or negativity (a. However, you do need individuals to grow your business, so outsourcing when starting up is the way to go. Rope them full time in when you have better cashflow, and have judged their character and work. And yes, I do have a very successful business by all metrics.
Valuetainment/pat is my business coach..... I'm a fuel dealer running with gas ⛽ stations for 7 years now, your videos have helped me a lot. I am in Sierra Leone West Africa
Love the consulting advice. I’m a consultant/advertising service and I basically made my pricing on the month by month level instead of a big amount up front for that exact reason. It gives the client much more leg room to learn to trust me and trust what I’m doing. And if their product isn’t good and we can’t do much, then little harm is done and they have some new information to build from
Very true Ann. I virtually lost my capital when I started out investing and trying to build my portfolio but with Levi Clemans’ guidance it’s been a better experience.
@@Skypuffxl Sure! I'm not dishing out life nor financial advice but expert guidance is important and sometimes the deep end is where you discover where your true grit and it doesn't always have to get to that. Reach him to get acqauinted
Love it, Pat. Thank you for the tips. I also love the stories like when you were cooking for the guys in your apartment because we hear them all the time from those you started with. Shows how great you've been as a servant leader. Thank you!
amazing examples, thank sm pat. you've been so helpful as a start up company these past months. My business Artist Shoppers grew immensely when I focused less on comferting things such as a big office space etc.
I started a business eight years ago failed since Covid I’ve been watching Pat bet/ David And this guy is truly onto some thing I have made my first million dollars and I haven’t stopped going since a lot of with this guy says is the basics but people forget the basics
Your channel has really changed my life. I have been studying and researching about crypto for a while now and got stuck somewhere along the learning curve. I can now say that am really improving my understanding of this whole new world and making huge profits on a weekly basis, all thanks to you guys
It's weird how people talk about all the profits they've made through crypto trading, while I'm here with huge losses. Please can someone guide me to the right path or at least advise me on which strategy to follow?
@@stealingmark995 I have been earning monthly passive income with cryptocurrencies for more than a year, although I prefer to trade with the help of a professional broker because it saves my time and reduces the risk of losing funds in trading, since we all know how volatile the market is.
@@christianawinston7545 No need to panic if you plan on a long-term holding, but if you hope to earn passive income from the coins you have in your wallet, it is recommended that you have a genuine professional broker manage your account.
I built my own landscape company over the past 19 years, I can attest to the wisdom in this video from Pat. We grew on the current year revenue and stayed out of debt.
Pat 2 corrections, the 105 doesn’t cross Granada Hills. 405 and 5. And lastly I’m in branding which is a type of consulting/service, you know how many times people make this offer to me when I present a payment schedule. No offense against realtor, loan, insurance agents or adjacent field but these are the guys that try to pull this the most. They promise the world and promise you that once their colleagues see my work he’s going Im going to have some much work I won’t need to work any more. As a matter a fact I should pay them because they are doing me a favor by promoting my company. Never taken any counter offer but seen comp take them and get burned
This help me get back on track Thank you Patrick Bet-David! I bought the office and was going for nice equipment and had a nice location (with a "nice" high cost more than I should have stretched / difference between confidence and realistic) Town Center office and Hotel... terrible mistake. Had to walk after the new website got hacked from the laptop and got rear-ended in the field back to back and high expenses with over hiring was on the way ... paid $2,000 and walked before I was in debt to my eyeballs. Thanks for this, guys this is good advice whole video. Value! It's in the name!
Hi Patrick, I love this breakdown of what traps to avoid spending money on!! I learned a lot! As a start up business, I find myself always questioning what is most important to spend money on in the beginning to stretch the dollar as far as possible. Could you please give a list like this on the most important things to focus on & spend money on in the first couple years of business?
It's not all that Pat. I've been beat out of more money from more startups then I can even remember over the past 34 years. Now...If I talk to a small company for a "job" I'm interviewing them more than they are me. Advice for interviewees.. 1. Look in their parking lot when you pull in for the interview...fancy car by the front door? Startup? They may not always make payroll and may be making promises they can't keep. 2. All startups have big dreams, I can think of one still around. Do you want to make that investment in their company? 3. You may not move up even on the ground floor of a startup. The startup was created to make someone else money not you, don't forget that. My father who was a truck driver told me when I was young that if you drive a truck for a company for 40 years do you know what you'll be in the end? A worn out truck driver. If you don't have a college education or a big book of business then you may want to avoid startups. This is a 2 sided arrangement and if the consultant takes your low ball offer YOU still have to provide whatever it is your selling (my case logistics) and the consultant will end up holding the bag in the end if you can't put out what you say you can. Sorry to play devils advocate here but I had to say something.
Parto i've been following you for quite some time now & you have turned out to be the great business coach of all time,looking forward for your future linkage,👍👍❤❤.
14:00 I confess....I'm a magnet for these negative types. I take them in and deal with their shortcomings. Guess what....I have let them really impact the work I am trying to achieve. I need to learn my lesson. tHanks for the video!
5:52 That is exactly how I feel right now. 15 year commercial P&C vet, Account Executive. I specialize in Construction and Upstream Energy accounts. I've earned damn near every designation under the sun including CPCU. I did a year in Law School at 33, was in the top half of my class despite my responsibilities, but life caught up with me and I had to go back to focusing on work. I've worked for Gallagher and Alliant, but am increasingly getting bored with this. Unfortunately, at 41 with a Homemaker wife and 3 teenage kids, I'm stuck in a situation where I make enough for us to survive, but not enough to be truly happy and can't afford to start something new. You've been a huge inspiration for me though and I am quietly sneaking little bits of my paycheck into a stock investing account. I keep telling myself, push just a little further . . .
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Get the limited edition hats here: vtmerch.com/collections/future-looks-bright-signature-collection
This is great but the shipping to Slovenia costs 74 usd 😊
Pat, interview RICK CARUSO and I will buy a hat and a book!
This was a fantastic video. Thank you very much for posting it
sometimes andrew tate is wrong. but warren buffet is better
thanks for the advice valuetainment.
PAT- I’m 80 yrs old & owned my own company a couple of times. Sure enough, I did all the wrong things that you mention in your talk today! AND I WENT UNDER THE FIRST TIME THE ECONOMY TOOK A DOWN TURN!
Second time I did everything you talk about ( failure is a wicked teacher) and I stayed afloat for 30 years. So glad you spelled it out - hope a lot of newbies were listening!
Avoid...
1. Office leases
2. Overhiring
3. Saviour consultants
4. Lavish employee perks
5. Expensive tools
6. Business Travel
7. Uncontrolled enthusiasm
Thank you
Thanks bro
Thank you. Basically Common Sense. Been implementing for almost 30 years now
@@jmm1817 agreed
@@jmm1817 sometime the basic common sense is always overlooked
Met a 17yr old one time begging me for some money out in front of a grocery store. I politely said no thank you and proceeded to my car. As I was driving towards the front of the store to leave out the parking lot I saw him again. I rolled down my window and told him I can teach him how to make 6 figures. He laughed at me and said “bro, you make 6 figures and drive a Toyota Camry!?” And just proceeded to laugh at me. Year 2 running my own business and we’re set to do 200k by the end of this year and imma drive my Camry till the engine blows and by a used one all over again lol.
There’s some pleasure when you can afford the Bentley I suppose… but really- having some freedom to choose or a lot of freedom to choose is the greatest satisfaction of all
Drive it till the wheels fall off, that's my motto!
he probably doubted the validity of your statement since you rejected to give him pocket change.
Most, not all , but most of those people driving the expensive luxury cars are just pretending to be rich or they financed the thing or they have a fairly high income but it's a big hat and no cattle situation. That kid watches too much social media and mtv. Needs to come back to reality
@@kayots lol
I’ve been in business for 5 years now and I can say wholeheartedly that I made a few of these mistakes when I first started and only wish someone would’ve given me this advice when I first started out
I totally understand. But sometimes learning the hard way is the best way!
Thank you for having a second point of view of similar experiences.
What business you in ?
Best thing I learned from my business mistakes... just don't make the same mistake again.
I miss this type of content. I've been watching you for 7+yrs now. Went to the first vault. bought the sales program. You definitely sharpened the business side of me. We are on track to do 1M this year and in yr 2 of business
Impressive
@@Th3odora even IF he did….. pbd still had positive influence in him making a million
Awesome case study/testimonial right here!
8:40 same way we operate in the fire department. The bonds you make cooking for your crew, nothing else like it!! Love the value you're putting out there for us man, one hell of an inspiration!!
Pat once again smashing it with some invaluable and sage advice!
Another GREAT resource on why businesses fail us a peace titled The Hatchet Man's Playbook 0 a LOT of eye-popping stuff!
These are the type of videos I appreciate the most. Thank you
Totally agree. I run and own a 3rd generation family business. I'm in my mid twenties and I drive a Ford Focus.
We're in the ad space. Constantly trying to optimise. It's very difficult to have a start up mentality when you've been in business for 25 years, in a small market.
I would add another mistake one can make, over hiring salaried employees. Outsource trial areas and new areas of business before committing. Set the stage. Many people want comfort and they tend to be negative, even in smaller companies. Identifying the right talent and team is the best investment one can make.
You didn't watch the video did you? 6 minutes into a 17 minute video... And you have a business you say?
@@hedonist7962 I specified salaried employees, there's a huge difference between outsource and the 9-5 worker. When you're starting out, avoid the 9-5 worker. That was clear in the video. I operate out of the EU, so employment laws are tricky.. you can't fire at will. You can't fire people for a bad attitude or negativity (a. However, you do need individuals to grow your business, so outsourcing when starting up is the way to go. Rope them full time in when you have better cashflow, and have judged their character and work.
And yes, I do have a very successful business by all metrics.
Valuetainment/pat is my business coach..... I'm a fuel dealer running with gas ⛽ stations for 7 years now, your videos have helped me a lot. I am in Sierra Leone West Africa
Love the consulting advice. I’m a consultant/advertising service and I basically made my pricing on the month by month level instead of a big amount up front for that exact reason. It gives the client much more leg room to learn to trust me and trust what I’m doing. And if their product isn’t good and we can’t do much, then little harm is done and they have some new information to build from
Thank you Pat, for all your content! It’s educational, motivational and entertaining!
Great content! It took us 2 years to build a team. Most people settle for a good paying job. The risk route is where its at.
Such invaluable advice for any new and inspiring entrepreneurs! Thank you Pat!
Great valuable information. Appreciate you dropping the gems!
This is great, very savvy. That’s why America survives business ups and downs. There’s great hope for starting and maintaining any business.
Pat.. thank you my friend. You are a Real inspiration for everyone brother. 👊🏼✊🏼😎
This is the content that made me a big fan. True business talk. Love the other content too btw.
From my experience, all I can say is that nothing beats expertise when it comes to investing.
Very true Ann. I virtually lost my capital when I started out investing and trying to build my portfolio but with Levi Clemans’ guidance it’s been a better experience.
@@edwarddick9673Is he accepting new investors? I need help
@@Skypuffxl Sure! I'm not dishing out life nor financial advice but expert guidance is important and sometimes the deep end is where you discover where your true grit and it doesn't always have to get to that. Reach him to get acqauinted
Leviclemans(a)Gmai
Lcom...even with the commissions i'm still raking earnings.
@@edwarddick9673It wasn't difficult to find him. Quite an impressive bio. I'm already in the process of starting. You're kind Edward.
Love It Brother! This is so right on.
Love it, Pat. Thank you for the tips. I also love the stories like when you were cooking for the guys in your apartment because we hear them all the time from those you started with. Shows how great you've been as a servant leader. Thank you!
Been following u for a while now. I can say your the only genuine mentor for business
Just discovered this guy; don't even know how. Great interviews; he knows his listeners' questions and follow-ups..
amazing examples, thank sm pat. you've been so helpful as a start up company these past months. My business Artist Shoppers grew immensely when I focused less on comferting things such as a big office space etc.
I started a business eight years ago failed since Covid I’ve been watching Pat bet/ David And this guy is truly onto some thing I have made my first million dollars and I haven’t stopped going since a lot of with this guy says is the basics but people forget the basics
Your channel has really changed my life. I have been studying and researching about crypto for a while now and got stuck somewhere along the learning curve. I can now say that am really improving my understanding of this whole new world and making huge profits on a weekly basis, all thanks to you guys
It's weird how people talk about all the profits they've made through crypto trading, while I'm here with huge losses. Please can someone guide me to the right path or at least advise me on which strategy to follow?
@@stealingmark995 I have been earning monthly passive income with cryptocurrencies for more than a year, although I prefer to trade with the help of a professional broker because it saves my time and reduces the risk of losing funds in trading, since we all know how volatile the market is.
I am a crypto newbie and have some crypto in my wallet but I am afraid of losing my funds due to the recent crash.
@@christianawinston7545 No need to panic if you plan on a long-term holding, but if you hope to earn passive income from the coins you have in your wallet, it is recommended that you have a genuine professional broker manage your account.
@@Smalzlanky I am hoping to earn passive income maybe weekly or monthly... Can you suggest a genuine broker?
this is amazing, how is Pat giving out this advice for free on the internet? wow
EXCELLENT CONTENT PATRICK, THANK YOU SO MUCH FOR ALL THE GREAT ADVICE & TIPS. ALL THE BEST
Great video, thank you.
This is Gold and so true!. My business has 6 years but I recognize I'm still having trouble to deal with issue number 7
I built my own landscape company over the past 19 years, I can attest to the wisdom in this video from Pat. We grew on the current year revenue and stayed out of debt.
Been with you since the first 1,000 subs. Still love these quality vids.
When will you scammers stop the cap
Thank you
Good morning Patrick, hope all is well with you and your family. Stay well my friend. Keep on keepin on
Pat you are the MAN!
This is the most raw and practical advice for an entrepreneur; spot on!
Precious Content and every businessman should watch this video. Loving it
Pat 2 corrections, the 105 doesn’t cross Granada Hills. 405 and 5. And lastly I’m in branding which is a type of consulting/service, you know how many times people make this offer to me when I present a payment schedule. No offense against realtor, loan, insurance agents or adjacent field but these are the guys that try to pull this the most. They promise the world and promise you that once their colleagues see my work he’s going Im going to have some much work I won’t need to work any more. As a matter a fact I should pay them because they are doing me a favor by promoting my company. Never taken any counter offer but seen comp take them and get burned
Pat living up to his channels name! Thank you for the valuetainment sir!
this man speaks what needs to be heard and done. I am definitely taking these ideas
Wow!! Nice to meet people who also traded with her, she is indeed genuine and will gently guide you until you understand everything.
on point !
Thank you Patrick for your invaluable content and encouragement as always.
Thank you.
The mentor I’ve never met. Thank you so much Pat!
Music to my ears! Th am you PBD! You are the best!
Annnnnnd we are back to the 1:1 videos where Pat talks business with us!
Let’s Friggin’ go!!!!!!!!! 🔥 🔥 🔥
Thank you Mr. PBD!
Not only for startups
Good message from a good man
Thank you sir , watching from Africa
This help me get back on track Thank you Patrick Bet-David! I bought the office and was going for nice equipment and had a nice location (with a "nice" high cost more than I should have stretched / difference between confidence and realistic) Town Center office and Hotel... terrible mistake. Had to walk after the new website got hacked from the laptop and got rear-ended in the field back to back and high expenses with over hiring was on the way ... paid $2,000 and walked before I was in debt to my eyeballs. Thanks for this, guys this is good advice whole video. Value! It's in the name!
This is some of your best content Patrick!
Great video
Thank you Patrick
Great content!
Thank you Pat.
GOLD CONTENT
These are great advice.
Wow fantastic thank God for this❤😮
God Bless you !!! Prayers for more success for you! 🙏
Thank you I needed it
This advice is so valuable. Thank you for sharing this information!
very good info. I've subscribed
Hi Patrick, I love this breakdown of what traps to avoid spending money on!! I learned a lot! As a start up business, I find myself always questioning what is most important to spend money on in the beginning to stretch the dollar as far as possible. Could you please give a list like this on the most important things to focus on & spend money on in the first couple years of business?
Thanks Pat!
Powerful Pat, accurate, one more time.
great message even in lifestyle not just business. teens and young men need to learn from early
thank you for the wisdom!!! much apreciated!
As always your are on point.
Great points.
It's not all that Pat.
I've been beat out of more money from more startups then I can even remember over the past 34 years.
Now...If I talk to a small company for a "job" I'm interviewing them more than they are me.
Advice for interviewees..
1. Look in their parking lot when you pull in for the interview...fancy car by the front door? Startup? They may not always make payroll and may be making promises they can't keep.
2. All startups have big dreams, I can think of one still around. Do you want to make that investment in their company?
3. You may not move up even on the ground floor of a startup. The startup was created to make someone else money not you, don't forget that. My father who was a truck driver told me when I was young that if you drive a truck for a company for 40 years do you know what you'll be in the end? A worn out truck driver.
If you don't have a college education or a big book of business then you may want to avoid startups.
This is a 2 sided arrangement and if the consultant takes your low ball offer YOU still have to provide whatever it is your selling (my case logistics) and the consultant will end up holding the bag in the end if you can't put out what you say you can.
Sorry to play devils advocate here but I had to say something.
This is exactly what I was looking for, and never even thought of, Thanx
I love you Patrik 🙌🙌
Keep the content coming Pat!!!
Good advices
Praying you and your family are safe and well 🙏🏾❤️ what a storm
you have a huge positive impact on the world may your God bless you
This channel helped and motivated me to start and run a profitable plumbing business for 5 years. Thanks Pat. Love from London UK 🇬🇧 ❤
More content like this Pat! This the type of stuff I became of fan of you. God bless
Love It. Thanks PBD Respect. Most people want to be flashy business people. Stretching the dollar helps keep capital for other things.
Thank you Pat for the advice!! Top P
As a CEO of a startup I can agree 100% with every single point in this video!
Patrick you are bang on.
Been watching you since I was 16 years old, amazing how far you've com pat!
Parto i've been following you for quite some time now & you have turned out to be the great business coach of all time,looking forward for your future linkage,👍👍❤❤.
AMAZING VIDEO🔥🔥🔥🔥🔥🔥🔥
14:00 I confess....I'm a magnet for these negative types. I take them in and deal with their shortcomings.
Guess what....I have let them really impact the work I am trying to achieve. I need to learn my lesson.
tHanks for the video!
I just clicked on the video and I already know you’re spot on! Like your videos
Hey Pad!!!! Love to see all but all your content. I follow you everywhere. Keep doing it because you are killing it.
Thank you Patrick you inspired me and change my life you're a life saver. The value you provide I can't explain in text.
I very much like your energy, stories and assertiveness. . Wish I was your friend when I was a young man. Please keep up these great videos.
Very good video.
I’ve got a good focus at 54, thanks for the inspiration
PITCH GONE CRAAZZZYYY!!!!!! Wonder what that retention rate look like tho 👀
the old pat is still alive do a few sniffs for us for old time sakes I love you thank you
Ordered red can’t wait to get it
Mr. Pat, I’m in!!
So good!
5:52 That is exactly how I feel right now. 15 year commercial P&C vet, Account Executive. I specialize in Construction and Upstream Energy accounts. I've earned damn near every designation under the sun including CPCU. I did a year in Law School at 33, was in the top half of my class despite my responsibilities, but life caught up with me and I had to go back to focusing on work. I've worked for Gallagher and Alliant, but am increasingly getting bored with this. Unfortunately, at 41 with a Homemaker wife and 3 teenage kids, I'm stuck in a situation where I make enough for us to survive, but not enough to be truly happy and can't afford to start something new. You've been a huge inspiration for me though and I am quietly sneaking little bits of my paycheck into a stock investing account. I keep telling myself, push just a little further . . .
Wow thanks you kind of me 😮❤