The only 4 skills you need to build a $1B company…
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- Опубликовано: 5 июн 2024
- ▸▸ Watch these 25 minutes if you want to scale a business you don’t grow to hate: • Watch these 25 minutes...
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In 2008, I moved to San Francisco for one reason:
Learn how these 20-year-olds were building $1B companies
Little did I know, they looked at business in a completely different way.
I learned a TON.
Fast forward to today, and I'm 44 years old, living a life I could've only dreamed about.
I’ve invested in over 125 tech startups, bought 3 software companies, built and exited 3 companies, and I own one of the largest coaching organizations for software CEOs.
But this wouldn't have happened if I hadn't been exposed to how these CEOs operated.
I recently shared this journey at the 'All In Freedom Conference' in Dallas and would love to share it with you too.
0:00 How 20-Year-Olds Built $1B Companies
0:35 The Pain Line
3:25 The Buyback Principle
4:13 The Buyback Loop
6:03 Million Dollar Companies
7:30 Richard Branson's Secret
10:20 The Replacement Ladder
16:49 How 20-Year-Olds were Building $1B Companies
19:20 The 4 Master Skills
20:40 Transformational Leadership
30:44 The 1-3-1 Rule
36:15 Build the People
36:59 Why we're all here
Instagram: @danmartell
Twitter: @danmartell
Hope you enjoy the vid! Let me know your thoughts:)
Game changing insights! I was in our weekly meeting saying we'll need to hire soon to buy back time. Now--I know who to hire first. Thank you! #successinsobriety
You have inspired me. I am a start - up and you have just given me wings.
Dan, you are so handsome and manly sexy. mmm..
Many many EV's producers, both in China & also in USA, are struggling to survive. They cut-down the Price (even, maybe, their COST is higher than that.) I wonder if the same happened also in Silicon Valley.. many companies lessen their Employees. Unemployment rises slowly in California.. moved to Arizona & Texas perhaps.??
people no money
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.
That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.
Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with one?
Amber Dawn Brummit is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
1. capital 2. code 3. content 4. collaboration
1. Capital -> ok I'm out. Haha
@@phy6geniuxYTcreations🤣🤣🤣🤣
Thank You!
This person understood the assignment 😂
0:09 the best entrepreneurs have …
1:13 your dreams have to be …
3:05 complexity ceiling…
3:29 the buyback principle
5:20 an empire is …a life of unlimited creation you never have to retire from
6:10 million dollar companies are not built on $10 tasks
14:47 if you don’t have an assistant, you are one
30:07 transformational leadership
30:35 delegate the outcome not the task
30:56 the 1-3-1 rule
34:03 131 is …
34:50 the ultimate hack …
36:06 build the people and the people build the …
My favorite thing about this guy is that he actually likes people. I never want to absorb advice that disrespects the people that are trying to do a good job.
Always remember that,
Start by creating a budget to track your income and expenses.
I love the statement: "We build the people, the people build business."
Nice.
However as you're grinding his videos and learning, be sure to take massive action immediately and implement.
Don't just be a knowledgeable man with no results to show for it.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023
I don’t comfortably throw recommendations of her on the internet God she’s brilliant her skills are set exceptionally .Thank you Amelia Jason I’m sure there’re also good people who excel in their field ! .
Woah for real ? I'm so excited. Her strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
she's mostly on Telegrams, using the user name.
@AmeliaJason11..’
When sending her a message do ensure she’s VERIFIED” cause a lot of imposters out there., .
"Delegate the outcome, not the task"
My biggest take away from this lecture
Code - CTO
Capital - CFO
Content - CMO
Collaboration - COO
You got it👊
@@danmartellsaved me 40 minutes 😎
Value - CPO
@@danmartell Deleted my comment 🤣🤣🤣
Saved me 40 minutes 🤣🤣🏆
@@danmartell saved me 40 minutes 🤣🤣🤣
Great contents Dan... Here are my take aways.
👉 OUTPUT = Time X Leverage.
👉 Don't sell your business when you hit complexity ceiling.
👉 Anyone that you bring into your business is the CEO of the job they are handling
👉 Be a transformational leader not a transactional leader. And lastly...
👉 Deligate the outcome, not the task.
I will be implementing right away. Thank you.
Appreciate the comment🙏🙏
Agreed & thank! I particularly like the notion about being a transformational leader, not a transactional leader.
I love that some of Dan's videos finally get sooo many views - this channel is honestly my favorite entrepreneurial channel on RUclips (for the last 5 years or so) - so happy it gets so many more views now. Congrats Dan!!! :)
This is one of the BEST videos I have seen in a long time. All the pieces fit just like a well-designed puzzle. Thank you Dan.
Thanks! Appreciate the kind words
For me this is BEST vid in all my life.??
You got a new subscriber and am glad i joined. I believe I'll learn so much a business man.
Dan, this is definitely one of the most underrated sessions/videos! Thank you for sharing it with us.
Appreciate you🙏
Phenomenal talk. Love the simplicity and focus on building from ground up.
My first thought when I saw the thumbnail and the title of the video was "one more coach selling lies... but let me check it out". Ok... It took me two days to watch this video because I wanted to devote my full atention into watching it because right at the begenning of the lecture I was amazed! Dan, thank you very much!
Glad you got value:)
Same happened with the title. Because he’s not a billionaire yet. But!!! .. I’m working on my skepticism, and he’s doing better than me so I can always learn from others who have more than me of what I want. And I’m glad I did click.
best YT video I watched in months. Thanks Dan for the great content.
I ordered your book because of the video. It's one of the best videos I have seen in a while. Thanks! Would love the SOP for your assiant
Thank you so much! Message me “EA Freedom” on instagram
Powerful! The culture of 1-3-1 should be a serious focus for companies to empower their people verses being a dictator of tasks.
Astonishing content Dan! 💯💯... as always 🔥
its a good one Dan!! people always want the end result without the sacrifices!! myself included, sabotage or short cuts whatever just to screw myself out my goals
You got a new subscriber, love your viewpoints!
Dan thank you so very much for posting this! Your videos help me greatly to understand and demystify the world I'm entering. 50 to fix it was a gift indeed and I will remember to pay it forward when I have an insight worth sharing.
Your slides and the way you organize info into Key terms and catch phrases works very well throughout your videos, and it's consistent. All the best!! Cheers!
My pleasure!
Tapping, laughing, chatting - so disrespectful
Based on the video, here are four skills or qualities that the entrepreneurs Rafael and John exhibit, which could contribute to building a $1B company:
Problem-solving: They're like superheroes who can figure out problems. They saw a problem in taking care of buildings and made a smart solution to make it easier to find the right people to fix things.
Innovation: They're like inventors! Their thing called Brixton Agent is a super cool and new way to do things with technology. It's like they found a secret way to help a group of people that wasn't getting much attention.
Communication: They're great at talking about their business. When they talked to people who could help them, they explained everything really really well, so everyone understood how awesome their idea is.
Confidence and Persuasiveness: They're like really good at being sure about their business and convincing others to believe in it too. It's like they're super confident and can make others see how great their company is.
Remember, there's a lot more to making a company successful, but being good at these things is like having a strong base. It helps them face problems and have a better chance of doing really well. Cool, right?
This is exactly what I needed thank you so much Dan🤲🙏
1:3:1 is absolutely GENIUS!! Can be applied professionally as well as personally!! I can use this myself to solve my big issues as well as my adult children. Absolutely love this. One my fave tips from you so far!!
Going just half way, I've learnt a lot, but
2 things I take from here gonna be:
Time x Leverage = Output
&
SYSTEM = Save Your Self, Time, Energy and Money!
❤️💯
This is a really powerful video. As a video editor I've been thinking of ways to find assistance and leverage so I can in more clients and essentially grow the business. I guess this was a workbook on why and how to do that
Love it , iv stuff i need to do. This is the clarity ticket !
Great presentation Dan.
Keep them coming!
Loved every second of my watch to the very end. I could really use your help Dan, I’m 42 and disabled since 2007, still own a small business with $480K in savings. Already have a share in a rental property. But I'd still love to grow my investments ahead of my retirement. Can you help me or mentor me?
Just buy BITCOIN and hold. Or find quality stocks that have long term potential, and ride with those stocks. But advisably, just seek counsel from a market strategist.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $880k. My personal best so far
Agreed, I’ve been investing in the markets for 11 years now, last 6 years with the help of a financial planner apparently due to the covid-19 pandemic crash. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today.
@josephbush Mind leaving info of your advisor here please?
She's known as a 'Heather Lee Larioni'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Brilliant. Super relevant and educational video. Thanks Dan for hitting us with the reality.
It's easy to stop teaching and do more when your team is not fulfilling their roles.
It's even easier to let them go after a while.
Taking the time to shift your focus toward culture and systems within an organization will solve most of those frustrations.
Phenomenal talk, thanks Dan
Appreciate the kind words🙏
Build the people and the people build the business
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
*@sloanmarriott5* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Gertrude Margaret Quinto is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
These points are also valuable for family life and raising kids!❤ especially teens!love it! And thank you!
The concept of 'buying back' time and energy is mind-blowing.
What the heck, Bro i searched everywhere on internet but couldn't find your billion dollars company...💀
He can't really teach it before he reached it
are you a millionaire?
you need a cancer to know how to cure one? @@tabbypappy
Great talk. I’m glad to see my management style is in alignment 😊
Love it!
Probably the greatest video ever
Intriguing premise! Can't wait to discover the essential skills required to build a billion-dollar company. Ready to unlock the secrets to entrepreneurial success.
I hit my 12 month goal in 6 months by working my butt of and then took a " Tracey" and that 4 weeks turned into 3 months of slow down. Now i need to double down and get back to the grind.
Let's gooo!!!
Thanks for sharing!
A company is going through challenging times and the boss takes a sabbatical - this does not mean that the person is not thinking about the business or strategizing or giving themselves space to make a vision for the future. What about mental health concerns? My mind might be fucked up and I can keep pretending to work - am I doing damage or favor to the business?
Mental health is merely the result of your thinking. Thoughts leads to emotions, emotions leads to actions. If you experience the wrong actions, it’s because you are thinking the wrong thoughts. Start by getting clarity of who you are and what you want in life. Vision, mission, values, in all aspects of your life. With this you can run any business and do most tasks.
i watched this video 50% and then due to some urgent work i stoped it and then the next day when i tried too find out my YT histroy was paused and the video was also not in my liked section. but after a month really i found it and literally i searched so much to find it. ❤
Thanks for these powerful lessons shared for free
Thank You!
Brilliant! Thank you!
Appreciate you!
As a full time creator who (accidentally) became an entrepreneur now needing to hire a team & delegate so that I can buy back my own time and continue to do the things that create the most value, this is SO incredibly helpful.
If I may offer a small suggestion to your content ppl to get cleaner audio - From what I can see, it sounds like the main audio source is coming direct from the room audio, which is great for catching ambient applause and laughter but not the best for getting “clean audio” of the speaker-
If whoever is capturing your content has an additional external audio source capturing only your voice (ie- a lavalier you’d wear on your person or a direct audio feed from the mic you’re speaking into) they’ll have a much cleaner audio capture! Best of luck & thanks for the great content!
Ok
This was gold! Thank you
Great video very useful as a small business owner. I like the day to day tactical detail thank you!
Pumped you got some value!
This is gold!!!
Appreciate it!
A billion dollars is a lot of money, you need more than 4 skills 😂
I am a simple man, I see a Dan video - I watch and like.
Appreciate you:)
Awesome, worked as a VA for many clients for many years, now I understand why they were continuously training me for new tasks every week.. hahaha
If you don’t mind me asking, were you a freelance VA or where you hired by an agency? I am in the very initial stages of exploring the possibility of starting a VA agency. Trying to ascertain whether people who need VAs would prefer a middle man to find the right person for them… many thanks!
@@SarahHannah91 Sorry, I just saw this message. I am currently working as a freelance VA. In addition to providing direct assistance to my clients, I also manage a team of individuals for certain tasks. My clients are aware and comfortable with me acting as an intermediary and receiving a portion of the payment for these services
Amazing! Thanks Dan
The background noise is ruining this precious event.
No more than a detail. It could never ruin this presentation
Really annoyed with the people sitting at the back with the rude conversation and tapping while you’re speaking. Other than that… amazing
Appreciate you:)
thought i was going crazy
I agree! Amazing tips! Great video minus the annoying laughing people!
I thought I was hearing demons
I agree,I got halfway through and couldn't watch it anymore. Sorry Dan...
That was great, thank you for helping me solve my leadership problems.
Glad you got value!
Thankyou dan ,,, really helpful
Pumped you got vlaue
This are principles that will help my business to transform, thank you Dan you nailed it!
Just discovered this channel and this brilliant man !!! Top Notch Content ❤.
P.S : It might sound shallow but I always give credit to entrepreneurs who look physically fit more than others. You can see that they apply what they actually preach.
Appreciate the comment! I also think success is more than money (health/wealth/relationships)
Absolutely loved this omg
Great very informative video. Basically we are looking for people who have the ability to transform the vision in to reaallity.
Loved the video, startups really need this :)
This is AMAZING
Let me dig into this!
Well done, great style, great advice. Got a new subscriber.
Appreciate you!
Excellent 😊
This vid: is actually awesome
Love that, "complexity ceiling" what a great constraint!
Everyone hits it. At different levels
@danmartell have you read Brad Jacobs' new book "How to Make a Few Billion Dollars"? (now on audible, yay) One of the great philosophies he has is that he LOVES problems, where most people are pained by problems, he gets happy, and he looks for huge bottlenecks everywhere he goes. It's such a great paradigm!
I feel this session will be your great practice session for yourself. Good luck. Underline some that people doesn’t have much time and patience to listen your values and value creation methods. Make it sharp and shorter, thanks
Good feedback🙏 i’ll share with the team
Hey DAN great video, wanted to know if you needed a video editor/thumbnail designer for the channel?
Thank you! Sam@danmartell.com manages the team
Understand you/your team doesn’t have the time to answer every post. So cool responded to this comment and the WAY you did. True class!
Gratitude ❤
amazing !
You got that right!
Great video, thanks
@danmartell, regarding setting up the outcomes for the leadership team, would you create the outcome for them, or would you ask them to create the outcome and then validate with them?
The second. Ask them and validate
All my major takeaways are
Have admin to manage my energy and time i.e. my inbox and calender
Output depends on time and leverage
Leverage depends on 4C,s code content capital and collaboration
Leadership dont tell them what to do, don't check their doing,dont tell them to do next
But do
Describe the outcome to them and their job to figure out ways to reach that
Measure them by a number both me and my employee agress on to
Coach them
Basic principle
Through story
Ask their takeaway
Make them commit to it❤❤❤❤❤❤
And teach them problem solving through 131 rule
I.e
1 challenge
3 possible options
1 recommendation
Pure gold, Dan! Thank you.
Glad you got some value!
Packaging customisation, factory direct sales, welcome to enquire.
I enjoyed listening to this. Well done Dan.
Interesting narratives
Just magical
Which of these 4 lever of leverage the business modal like “airbnb” or any middleman modal falls into
(WAITING FOR REPLY)
“If you want to be rich, be lazy; if you want to be wealthy, be incompetent.” The most profound and counterintuitive statement I have ever heard about entrepreneurship. Love it!
What a nice video
Amazing video production and timeless advice. Good job Dan.
Thanks appreciate you🙏
I’m a lean guy and I learned so much from this video. Thanks Dan!
Enjoyed this, man.
Wateched it from Mayotte island ! amazing skills ! thank you
How do you increase your maximum knowledge through speaking with people , book reading, thing your self or problem solving (arrange most prioritize to less)
Very rarely do I mark a vid to watch again 👍
Pumped you got value:)
Binging this now
Hope you get value!👊
It is pretty extremely simple formula to be billionaire. Everyone can do it! All you need is rich parents, have a up to 1 million dollar loan preferably from your parents, connections provided by your parents, rich friends and lots of bullshitting you made it yourself!
Nice one 1️⃣
Amazing ❤❤❤
Appreciate u!
I have a quick question for you:
I'm trying to get into email copywriting for Successful creatorpreneurs like yourself, what problems do you usually face with your emails when it comes to getting product sales?
Have you watched any of Dan’s other videos or read his book?
If so, you would know a better way to get his attention is to “give” him some ideas on how he could improve his company’s sales emails. (Make sure it’s a new twist that they haven’t already tried or thought about.)
He doesn’t even tell his employees how to do something- that’s why he hires them- he just wants a successful outcome.
He’s busy. Give him a reason to want to talk to you…
Fantastic Content!
Any book/ressources you'd recommend (or anyone reading this) to overcome the fear of starting up? The go from day 0 to day 1!
$100M MBA is a really good first read
I love your content., can you do a video about kpi and secondary kpi for each role in the waterfall? That would be absolutely incredible
I’ll try to sneak some in.
I talk about this in my elite group.
Msg me on instagram if you’re interested
@@danmartell whats this about an elite group?
AWEB KING REMEMBER ALL THE TIME UNIVERSAL WEB OKAY DETERMINED