The Best Time to Specialize or to Generalize

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  • Опубліковано 22 вер 2024

КОМЕНТАРІ • 244

  • @rujotheone
    @rujotheone 4 роки тому +127

    "Wealth is created by specialization and preserved by diversification" .

    • @alexlee8639
      @alexlee8639 4 роки тому +4

      Rujo Onye wow good one

    • @gabrielonibudo5710
      @gabrielonibudo5710 4 роки тому +1

      a better way of phrasing it could be "wealth is started by specialisation but grows by diversification".

    • @alexlee8639
      @alexlee8639 4 роки тому

      gabriel onibudo disagree.

    • @naijawindandsolar
      @naijawindandsolar 4 роки тому

      Awesome quote

    • @peterlewis6832
      @peterlewis6832 4 роки тому +5

      @@gabrielonibudo5710 It grows much more quickly by specialization in my experience. I think he worded it right.

  • @VALUETAINMENT
    @VALUETAINMENT  4 роки тому +64

    Valuetainers,
    YOU are the reason why I wrote this book.
    “Your next five moves” is a book I wish I had in my hands when I was 25. It would’ve saved me millions and helped me do everything I’ve done in half the time.
    Can’t wait to get it in your hands.
    Click here to order a copy:
    www.amazon.com/Your-Next-Five-Moves-Business/dp/1982154802/ref=nodl_

    • @prolifeloudness9612
      @prolifeloudness9612 4 роки тому +6

      Thank you for providing so much quality content! Just preordered your Book and looking forward to it.

    • @bradhouston4734
      @bradhouston4734 4 роки тому +1

      Pay, this is tearing at me a bit. I’m about to launch a Crowdfunding campaign to enter a really competitive market and I have been thinking of leaning into the audacity of “just coming out of the blocks hard”, getting people psyched on being pat’s of the 1st percent of something huge.
      Maybe even highlighting the fact that 99% of people do it the sensible way, we want to be the radical 1%.
      Thoughts??
      😀🕺🏻🎥🏖🇦🇺

    • @alantinoalantonio
      @alantinoalantonio 4 роки тому +4

      *Five

    • @ahmedalthaf2028
      @ahmedalthaf2028 4 роки тому +2

      All the best on your next move Patrick 👍🏽👍🏽👍🏽

    • @deepaklaishramz
      @deepaklaishramz 4 роки тому

      I need it in ebook

  • @VALUETAINMENT
    @VALUETAINMENT  4 роки тому +12

    Are you currently specializing or generalizing?

    • @joeludemann
      @joeludemann 4 роки тому

      I'm specialised for the first time in my life. All in cash, keeping it simple and trying to be nimble while I'm waiting for a bit of clarity and value

    • @alexlee8639
      @alexlee8639 4 роки тому

      Specializing

    • @luistrejo7249
      @luistrejo7249 4 роки тому

      I am specializing like a consulting engineer, focus on adding value in 2-3 types of activities, with a great team of professionals in their fields. When we will grow and stabilize to a certain level, adding more value proposals to new clients and contracting more employees/partners I think is the rational path for prosperity.

    • @taqimckinzie
      @taqimckinzie 4 роки тому

      Specializing

  • @johnmoney7626
    @johnmoney7626 4 роки тому +18

    This guy makes me feel extremely at ease and comfortable.

  • @PassiveIncomeTom
    @PassiveIncomeTom 4 роки тому +31

    *It's key to niche down in the beginning. What are you know for? Then once you're established you can add other tools to your belt.* 😉

    • @epsilon3821
      @epsilon3821 4 роки тому

      Great takeaway, this principle applies to investing too
      Focus, then diversify after a certain point

  • @osse1n
    @osse1n 4 роки тому +19

    Specialise (necessary) early, so you become a generalist (enjoyable) later.

  • @jaydhillon
    @jaydhillon 4 роки тому +27

    Great video Patrick - This is mistake that I’ve made many times. When I focused on one service we built our 500 staff agency from this... it is a trap to try and sell everything when starting in business. Jack of all trades master on none - comes to mind. PS let’s all support PAT and get the book - I have ordered mine 👌

  • @_.occult._
    @_.occult._ 4 роки тому +3

    First of all, you are a real teacher I been following you along with my university studies. Today I think you shared a very golden insight, I am pretty sure it's 'the secret' and all entrepreneurs must study this. 👏

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting 4 роки тому +17

    The original money in the economy was labor and value so either way, do something valuable and prosper.

  • @thetriumphanthustler7001
    @thetriumphanthustler7001 4 роки тому +6

    Start off by focusing win one thing and expand from there

  • @Je.rone_
    @Je.rone_ 4 роки тому +15

    *Specialization seems to have real big benefits, but if one goes that route i think its important to keep training the brain to learn new things perhaps completely unrelated, so the brain remembers how to learn new things faster,*

  • @TheRealGuywithoutaMustache
    @TheRealGuywithoutaMustache 4 роки тому +4

    I really appreciated this short and concise video, Patrick. I will apply what I learned from this.

    • @mrblexit7152
      @mrblexit7152 4 роки тому

      Even here bro. It's almost like your omnipresent

  • @fchd3746
    @fchd3746 4 роки тому +1

    Pat is a war time leader

  • @MikeBarron1
    @MikeBarron1 4 роки тому +1

    Focus is the key! 💪

  • @francelinopereira2468
    @francelinopereira2468 4 роки тому +1

    I Opened a one year ago my own Business DREAM SERVICES and needed that advice, 1st. Specialize and then Generalize...Thanks Patrick

  • @harshitbhalla1178
    @harshitbhalla1178 4 роки тому +5

    Found this at the right time.

  • @agapuzio3056
    @agapuzio3056 4 роки тому +5

    I have ordered your book, can't wait to read it. Meanwhile I am getting into business studies, the time is now!

  • @checkreactz
    @checkreactz 4 роки тому +8

    It’s pretty ironic how you can do much more by limiting yourself in the beginning....I had learn this the hard way 😂

  • @thaihealthylung
    @thaihealthylung 4 роки тому

    thankyou... as always ... you give me a good lesson in time of needs. May family be safe and protected . Respect always !!

  • @Pmlivelife2023
    @Pmlivelife2023 Рік тому +1

    This is excellent. I have always tried to generalize and do many things at once now I see the importance of specializing many aspects of my life and work

  • @rohitroll2119
    @rohitroll2119 4 роки тому +6

    In my field Specialisation is the only way forward.

  • @RevenueSharePartner
    @RevenueSharePartner 4 роки тому +7

    *Patrick is a beast, how do you get so much energy*

    • @ClarkCapitalMedia
      @ClarkCapitalMedia 4 роки тому

      He loves what he does! I hope I have his energy when I’m his age!

  • @IMANESAMMAN
    @IMANESAMMAN 4 роки тому +9

    Love your work ethic Patrick. You’re truly inspiring ✨

    • @jamesgallant28
      @jamesgallant28 4 роки тому +2

      I love you lol

    • @IMANESAMMAN
      @IMANESAMMAN 4 роки тому +1

      James Gallant haha love you too

    • @VALUETAINMENT
      @VALUETAINMENT  4 роки тому +3

      Thanks Iman.

    • @superduperjoi6800
      @superduperjoi6800 4 роки тому

      Ikr I used to hate becaude there were so many notifications, but now I appreciate it. You editing team is dynamic.

  • @ssdskully
    @ssdskully 4 роки тому +1

    I'ma buy your book just to support you Pat because I love your content man.

  • @harshvardhansharma7081
    @harshvardhansharma7081 4 роки тому

    I'm glad that i came accross pbd in 2016. If you're reading this comment then I want to thank to follow creating this UA-cam channel

  • @LeoandLongevity
    @LeoandLongevity 4 роки тому +4

    Do you think we live in a world of increasing specialization that inherently makes us more dependent on society?

    • @JewTube001
      @JewTube001 4 роки тому

      yeah but it seems to bring more good than harm for the most part.

  • @pauld9933
    @pauld9933 4 роки тому +14

    Pat: generalist to specialized
    Every other example: specialized to generalist

    • @alantinoalantonio
      @alantinoalantonio 4 роки тому +3

      There's always exceptions I suppose. Either way, analysis is always needed.

    • @christianocrew
      @christianocrew 4 роки тому +2

      When he was employed he was a generalist. When he started PHP he went specialist into life insurance. Do you think thats all he'll do with a company called People Helping People? He'll branch out into other areas when the time is right.

  • @JerryCrow
    @JerryCrow 3 роки тому

    UA-cam algo diverted me here after the latest, and i see your point why you would generalize your youtube channel and i'm all for it!

  • @joshuagilliam4557
    @joshuagilliam4557 4 роки тому +2

    Good stuff Pat 💪🏽

  • @wandilewawazile8722
    @wandilewawazile8722 4 роки тому

    This is a very important that is pointed out here in order to build a solid foundation!

  • @mohamedhadagha5713
    @mohamedhadagha5713 4 роки тому

    Can you please provide a special episode to teach children how to earn money?

  • @leomartinezjr8795
    @leomartinezjr8795 4 роки тому

    I agree, specialize. More is not always better

  • @pedalman4595
    @pedalman4595 4 роки тому

    Dammit Patrick this is EXACTLY what I'm doing right now!!!!!!!!!! Man I needed this. To me this was just my own common sense. Now I know I'm on the right path, simply because I heard it from the master. Thank You!!!!!!! UPWARD AND ONWARD!!!!!!!!!

  • @dawiddowbusz
    @dawiddowbusz 4 роки тому +1

    Great content!!! Thank You for that.

  • @Santos.Falcon
    @Santos.Falcon 4 роки тому

    This Chanel with Patrick is a godsend💯

  • @ifeelfantastic8956
    @ifeelfantastic8956 4 роки тому +1

    Patrick looks like a smart sophisticated mob guy.

  • @fredricklee
    @fredricklee 4 роки тому

    Great post for people to listen and follow in growing their business. Especially in these times, the name of the game is focus.

  • @santiagotoro3388
    @santiagotoro3388 4 роки тому

    Wow, this is an awesome video! I was struggling with my photography business and now I Know I need to specialize first and be great at something and later generalize little by little; thank you!

  • @jameconradi8269
    @jameconradi8269 4 роки тому

    Selling insurance is like selling beans but hey that's why you do valuetainment + $

  • @pashakhosravani231
    @pashakhosravani231 4 роки тому +1

    The book comes out on my son's birthday...looks like I'm buying it!

  • @felixsmokes420daily8
    @felixsmokes420daily8 4 роки тому

    He's so brilliant I'm watching this. For the third time. Once before I go to bed. To make it sink in, me what he saying, matters to me. Just listen to what he saying here.

  • @ahmad-surchi
    @ahmad-surchi 4 роки тому

    Thank you for another amazing video! I think this video is your best so far. Perfect choice of examples and you talked about all the methods in a short span amount of time.

  • @KettlebellCarlos
    @KettlebellCarlos 4 роки тому +1

    Keep the videos coming, I started my digital marketing business about 19 months ago and I am def still in phase 1! Thank you for the tips! 👍

  • @AskMeStartUp
    @AskMeStartUp 4 роки тому +1

    Great content👍🏻. Keep pushing peoples envelope and enable them to think for themselves. Sometimes you also have to reverse specialisation because the road has come to an end.

  • @maxriderzx107
    @maxriderzx107 4 роки тому

    This guy is amazing big up from Portugal

  • @NimaKhosravy
    @NimaKhosravy 4 роки тому

    Two books on this topic: Blue Ocean Strategy and Small Giants. Thanks Pat for the video

  • @Dim4ik2012
    @Dim4ik2012 4 роки тому

    there are only two channels on UA-cam I have notifications turned on. One of them is yours

  • @waterheaterservices
    @waterheaterservices 4 роки тому

    This guy is great teacher

  • @petersrule
    @petersrule 4 роки тому

    Facebook started with university students at just a few universities then expanded to more universities eventually expanding to people in the US and then people everywhere.

  • @mrswealth2883
    @mrswealth2883 4 роки тому +3

    Mrs Wealth a young lady who started her channel cause she believes everyone is entitled to wealth was here 👍
    Thanks for sharing this with us Pat have personally learnt a lot from this video👍

    • @superduperjoi6800
      @superduperjoi6800 4 роки тому

      Awesome check out Lavidh Ruby she makes 100k a year just from one business. She has a bunch of other businesses and does forex! Btw she is only 22 Black girl Biomed major from NY

    • @TasX
      @TasX 4 роки тому

      Lol

  • @aleafox1675
    @aleafox1675 4 роки тому

    I love your channel. I'm not sure why I'm so interested in business. You have given me some priceless advice. Thank you. I need to order your book!

  • @teddylur4551
    @teddylur4551 4 роки тому +2

    Love your video but I also think this is the best time to invest in bitcoin

  • @wolfpackfootball3379
    @wolfpackfootball3379 4 роки тому

    Love it!!🙌 You bring so much clarity Patrick Thank you sir

  • @AmitMishraEnglish
    @AmitMishraEnglish 4 роки тому +1

    Learned alot from this video.

  • @davidshamiri1448
    @davidshamiri1448 4 роки тому

    Pat I love Hugo Boss jogger suits .. I had the black one with white pipes along the side. Very comfortable and doesnt look too casual

  • @LoRdDyY45
    @LoRdDyY45 4 роки тому

    The way i look at it is, it never hurts to learn something new.

  • @Worlds_to_Explore
    @Worlds_to_Explore 4 роки тому

    You are a busy guy, working smart!

  • @sohaibahmed226
    @sohaibahmed226 4 роки тому

    Good example you gave about amazon. Very helpful though try one thing master than slowly gradually try another and another.

  • @sethwallacephd3418
    @sethwallacephd3418 4 роки тому

    Very helpful regardless of my specialized profession. There's so much more to monetize than I ever initially conceptualized.

  • @francescotesser43
    @francescotesser43 4 роки тому

    The example of Spotify is great now!

  • @danielhyeonlee218
    @danielhyeonlee218 4 роки тому

    Book comes out on my birthday! That’s a sign! 🙏🏻 can’t wait to be an author one day too

  • @christianpalmer8444
    @christianpalmer8444 4 роки тому

    Great Video! This reassured me that I am doing the right things at this phase of my business growth.

  • @deepaklaishramz
    @deepaklaishramz 3 роки тому

    Thank you Patrick bet david ❤️

  • @Atem_S.
    @Atem_S. 4 роки тому

    Both are important!!

  • @christosorphanides
    @christosorphanides 4 роки тому

    This couldn't come at a better time

  • @edwinreynolds6940
    @edwinreynolds6940 4 роки тому

    My Business mentor said the same thing to me 2 days ago. He introduced me to "The Beach Head Strategy". I'd advise all small businesses to look it up.

  • @kurts3779
    @kurts3779 4 роки тому

    This video is geared for businesses. For most employees it may make more sense to specialize. Most entrepreneurs usually have to wear many hats. I've been both but I remember when I was an employee I was never one to say that it's not my department. My mentor and former boss, a very wealthy man, allowed me to work in all departments and that was set me off to starting my own business. Too many employees, especially Engineers, are notorious for saying things such as "that's not my department". Perhaps Pat can make a video from moving from a specialized employee to entrepreneur.

  • @adrianbanda4614
    @adrianbanda4614 4 роки тому

    Happy to see some content that will keep the nutters away. Thanks!

  • @ivanmartinez5230
    @ivanmartinez5230 2 роки тому

    Thank you man... this has been very helpful!

  • @deepaklaishramz
    @deepaklaishramz 4 роки тому +1

    Good topic PBD 👊

  • @liveforthelordbeforeitisto5141
    @liveforthelordbeforeitisto5141 4 роки тому

    Thanks man! This applies to other areas of building a life as well!

  • @haroldmichael7294
    @haroldmichael7294 4 роки тому +29

    Why is nobody talking about Bitcoin

    • @KennyGee369
      @KennyGee369 4 роки тому

      Harold Michael Many argue that it is extremely volatile and not worth investing into. That doesn’t mean you shouldn’t invest some eggs into the nest though.

  • @nobodypak9882
    @nobodypak9882 4 роки тому

    What an easy explanation!

  • @divyamurugesan5557
    @divyamurugesan5557 4 роки тому

    Good video Mr. Pat. 👌👌 First do what you are good at. Then expand. 😄😄

  • @jejewa2763
    @jejewa2763 4 роки тому

    What we need now is a conduct to bring together business and aspiring entrepeneurs. More practical steps!

  • @julianbdeveloper
    @julianbdeveloper 4 роки тому

    Great video. Peter Thiel talked about this in his great book "Zero to One".

  • @kibromamaniel4662
    @kibromamaniel4662 4 роки тому

    Thank you Patrick your videos are really helpful. I am in my journal to build a business.

  • @Sims8705
    @Sims8705 4 роки тому

    🔥. Great message Pat. Another great Valuetainment production

  • @superjuddy
    @superjuddy 4 роки тому

    very needed video thank you so much Mr Bet-David.

  • @bb-jv5mj
    @bb-jv5mj 4 роки тому

    Missed these kinda videos.

  • @Deepak.Bharadia
    @Deepak.Bharadia 4 роки тому

    Perfect 👍🏻
    Thanks for the excellent insights Patrick 🙏🏻

  • @andreastevens3146
    @andreastevens3146 2 роки тому

    Great content. Your book is brilliant.

  • @amirMahmed
    @amirMahmed 3 роки тому

    pat you are hero

  • @demeke773
    @demeke773 4 роки тому

    can't wait to get that book

  • @LightningStrikes66
    @LightningStrikes66 4 роки тому

    Thank You for this very valuable

  • @dicksonmasatu4928
    @dicksonmasatu4928 4 роки тому

    You forgot tesla,space x a real live examples of what your talking about, watch Munroe live on Tesla Y, game changer

  • @sibendramallick
    @sibendramallick 4 роки тому

    Please please please make these kind of videos more.

  • @stanislavognyanov4660
    @stanislavognyanov4660 4 роки тому

    Needed this, thanks Pat !

  • @whitecannon2185
    @whitecannon2185 4 роки тому

    Thank you for this. This was something i needed to hear.

  • @Talkinglife
    @Talkinglife 4 роки тому +4

    Persona takeaway.
    *It's better to specialize than to be generalized and be all over the place.

  • @mikepict9011
    @mikepict9011 4 роки тому

    Society rewards specialists
    Nature rewards generalists

  • @thisisnotme123abc
    @thisisnotme123abc 4 роки тому

    This is very helpful! Thanks for breaking it down. 💪👊✊☝️🙏 #sequencing

  • @WoodsDog
    @WoodsDog 4 роки тому

    Thanks Patrick! Just purchased the book!

  • @kernryan
    @kernryan 4 роки тому

    So basically, if you provide a service, generalize then specialize, and if you sell a physical product, specialize then generalize, I go you!

  • @maxwellswanson9657
    @maxwellswanson9657 4 роки тому

    This is REALLY helpful. Thank You!

  • @niranmojo
    @niranmojo 4 роки тому

    Brilliant video

  • @omi_mindset
    @omi_mindset 4 роки тому

    Great video , never thought about it

  • @markeleven6226
    @markeleven6226 4 роки тому

    Always on Point Pat, It's a good reminder to remind us that Amazon started small..I have forgotten 🤣

  • @dougwilliamsIII
    @dougwilliamsIII 4 роки тому

    Well needed

  • @blakealtonen9858
    @blakealtonen9858 4 роки тому

    Focus on the few not the many.