The Biggest Reason Most Businesses Fail
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- Опубліковано 15 чер 2024
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In this video, Patrick Bet-David reveals the biggest reason why most businesses fail, and what you can do to prevent it. Get the limited edition hats here: vtmerch.com/collections/futur...
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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
OHHHHHHH YEAHHHH BABYYYY PBD IS BACK!!! Welcome to the REAL valutainment youtube channel ladies and gentlemen. This is the type of content that made me subscribe way back before the days of the red 1M Subscriber pillow.
sometimes andrew tate is wrong. but warren buffet is better
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
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!
What is your business?
This guy is the biggest role model for young men💯
And old woman, like me!
true story
@@KidCity1985 i love his content
Agreed( from South Africa). Salute!
And hes a good one!
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!
Pat once again smashing it with some invaluable and sage advice!
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.
@David Bucker 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.
With Clemans’ help, I've understood the rudiments of trading and trust me, at this rate I’m breaking financial barriers.
@@edwarddick9673I immensely thank you for the recommendation. It's of great help to me. Thank you.
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!!
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?
Thank you Pat, for all your content! It’s educational, motivational and entertaining!
Such invaluable advice for any new and inspiring entrepreneurs! Thank you Pat!
These are the type of videos I appreciate the most. Thank you
Thank you Patrick for your invaluable content and encouragement as always.
Great valuable information. Appreciate you dropping the gems!
Hey Pad!!!! Love to see all but all your content. I follow you everywhere. Keep doing it because you are killing it.
Love It Brother! This is so right on.
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.
Pat.. thank you my friend. You are a Real inspiration for everyone brother. 👊🏼✊🏼😎
Keep the content coming Pat!!!
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!
Good morning Patrick, hope all is well with you and your family. Stay well my friend. Keep on keepin on
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.
thank you for the wisdom!!! much apreciated!
EXCELLENT CONTENT PATRICK, THANK YOU SO MUCH FOR ALL THE GREAT ADVICE & TIPS. ALL THE BEST
This is the content that made me a big fan. True business talk. Love the other content too btw.
Thank you I needed it
this is amazing, how is Pat giving out this advice for free on the internet? wow
This advice is so valuable. Thank you for sharing this information!
Pat living up to his channels name! Thank you for the valuetainment sir!
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
PBD always bringing the heat! Thank you Sir! #PBD
Music to my ears! Th am you PBD! You are the best!
Great video, thank you.
More content like this Pat! This the type of stuff I became of fan of you. God bless
This is some of your best content Patrick!
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.
this man speaks what needs to be heard and done. I am definitely taking these ideas
The mentor I’ve never met. Thank you so much Pat!
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.
Hey Pat, you did a great favor by reducing my anxiety on this to almost 0. Thank You very Much. I watched the complete video
Thank you Pat for the advice!! Top P
Thank you Pat.
GOLD CONTENT
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.
Great content!
This is great, very savvy. That’s why America survives business ups and downs. There’s great hope for starting and maintaining any business.
Thank you Mr. PBD!
Just discovered this guy; don't even know how. Great interviews; he knows his listeners' questions and follow-ups..
Thank you.
Thanks Pat!
Precious Content and every businessman should watch this video. Loving it
Thank you Patrick
very good info. I've subscribed
This is the most raw and practical advice for an entrepreneur; spot on!
God Bless you !!! Prayers for more success for you! 🙏
Thank you
Been watching you since I was 16 years old, amazing how far you've com pat!
Praying you and your family are safe and well 🙏🏾❤️ what a storm
This is exactly what I was looking for, and never even thought of, Thanx
Great content Parto,it's relieving & eye opening insghts to all of us who aspire to be enterprenuers,👍👍.
Been following u for a while now. I can say your the only genuine mentor for business
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 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.
A lot of information for free.. Thanks pat ❤️💪🏿
Simply priceless. You sir are amazing.
Great points.
As always your are on point.
I just clicked on the video and I already know you’re spot on! Like your videos
on point !
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,👍👍❤❤.
Wow, incredible video. Thank you
Been with you since the first 1,000 subs. Still love these quality vids.
When will you scammers stop the cap
Annnnnnd we are back to the 1:1 videos where Pat talks business with us!
Let’s Friggin’ go!!!!!!!!! 🔥 🔥 🔥
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?
So good!
Pat your are legend as honest and helpful I find out you are different with others which from bottom my heart God bless you man.thank you
Powerful Pat, accurate, one more time.
These are great advice.
great message even in lifestyle not just business. teens and young men need to learn from early
Thank you for the incredible content Pat! Just bought my hat and a I'm an Entrepreneur ship. Excited to receive them soon.
Reach out for more updates and assistant on cryptography strategies ⬆️
Not only for startups
Good message from a good man
Thank you sir , watching from Africa
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
Pat you are the MAN!
One of your best video.
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
Patrick you are bang on.
awesome advice, I would love to join if I could afford it but I am a start-up, I watch everything from you, love from GERMANY!
Good advices
Amazing rules. I’ve seen all of this in a startup
Pat, thank you for such a great content as always. 😂😂👍👍
Wow!! Nice to meet people who also traded with her, she is indeed genuine and will gently guide you until you understand everything.
Great video
Ordered red can’t wait to get it
Thanks Mr. Pat we have different business but same mind set for a bright future God bless you and your family always 🙏
Love It. Thanks PBD Respect. Most people want to be flashy business people. Stretching the dollar helps keep capital for other things.
Mr. Pat, I’m in!!
I love you Patrik 🙌🙌
Very good video.
Best video on the channel. Reminds me of the path way that Microsoft kinda took at the beginning of business as well as how indie game companies work at their beginning stages.