MILLIONAIRES EXPLAIN: How to start a business from scratch (with Patrick Bet-David)

MILLIONAIRES EXPLAIN: How to start a business from scratch (with Patrick Bet-David)

HomeMark TilburyMILLIONAIRES EXPLAIN: How to start a business from scratch (with Patrick Bet-David)
MILLIONAIRES EXPLAIN: How to start a business from scratch (with Patrick Bet-David)
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JOIN THE $2,000 CHALLENGE HERE (it’s free, but places are limited): https://2kchallenge.com

I sat down with Patrick Bet-David to discuss how to start a business with $0, hope you enjoy!

Patrick's channel: @VALUETAINMENT & @PBDPodcast

TIMESTAMP:
00:00 The $2,000 challenge
00:41 Shadow has been experimenting with industry leaders for insights, not just success, and learning from their wins and mistakes.
01:53 Trading equity after increasing value can lead to ownership or leverage elsewhere if declined.
03:30 Define your ambition within a role: leadership or support, and excel accordingly.
05:37 Leaving comfort to grow is often rewarded, even if initially uncomfortable.
05:51 Order is important: passion does not always correspond to financial success.
11:49 Soft skills, conflict resolution, and keeping promises are universal business assets.
14:54 Personal branding on social media today is crucial for credibility and connections.
17:18 Networking is about value exchange; even small gestures can lead to meaningful opportunities.
19:23 Faking it until you make it may work temporarily, but the market tends to expose inauthenticity, especially today.
8:05 p.m. /"Future Truth/": Declaring future successes is great, but constant progress is needed to confirm these claims in the future.
21:16 Making commitments you can't keep in business can seriously damage credibility and relationships in a brutal marketplace.
9:30 p.m. Having an exit plan isn't necessary at the start, but evolving goals and visions over time is crucial for lasting motivation.
22:12 Beyond money, a search for deeper purpose and mission often emerges during the business development journey.
23:34 Immediate financial success is not the initial goal; long-term visions can take decades to realize.
24:02 Establishing initial agreements and responsibilities in partnerships can prevent future conflicts or uncertainties.
25:10 Having a clear hierarchy or designated decision maker in partnerships can streamline operations and avoid deadlock situations.

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