The Biggest Reason Most Businesses Fail
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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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Пікірлер: 551
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@sandibenec
Жыл бұрын
This is great but the shipping to Slovenia costs 74 usd 😊
@rocobear5709
Жыл бұрын
Pat, interview RICK CARUSO and I will buy a hat and a book!
@idolatrystudios
Жыл бұрын
This was a fantastic video. Thank you very much for posting it
@yamafanboy
Жыл бұрын
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.
@masternobody1896
Жыл бұрын
sometimes andrew tate is wrong. but warren buffet is better
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.
@fishhuntadventure
Жыл бұрын
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
@johngalt1967
Жыл бұрын
Drive it till the wheels fall off, that's my motto!
@kayots
Жыл бұрын
he probably doubted the validity of your statement since you rejected to give him pocket change.
@JJ38255
Жыл бұрын
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
@mendoza2489
Жыл бұрын
@@kayots lol
Avoid... 1. Office leases 2. Overhiring 3. Saviour consultants 4. Lavish employee perks 5. Expensive tools 6. Business Travel 7. Uncontrolled enthusiasm
@brad2943
Жыл бұрын
Thank you
@kloud1174
Жыл бұрын
Thanks bro
@jmm1817
Жыл бұрын
Thank you. Basically Common Sense. Been implementing for almost 30 years now
@frankhenry10x
Жыл бұрын
@@jmm1817 agreed
@shacabweynaha801
Жыл бұрын
@@jmm1817 sometime the basic common sense is always overlooked
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!
@tortureddummies1672
Жыл бұрын
What is your business?
This guy is the biggest role model for young men💯
@KidCity1985
Жыл бұрын
And old woman, like me!
@ThuIaniNgobeni
Жыл бұрын
true story
@EnglishEvolution
Жыл бұрын
@@KidCity1985 i love his content
@thejayperspective9781
Жыл бұрын
Agreed( from South Africa). Salute!
@samgarretson
Жыл бұрын
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
@BlenderPhysics
Жыл бұрын
I totally understand. But sometimes learning the hard way is the best way!
@online82witness
Жыл бұрын
Thank you for having a second point of view of similar experiences.
@XPLAINMYNAME
Жыл бұрын
What business you in ?
@Vex916T
Жыл бұрын
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
@kingboye2752
Жыл бұрын
Impressive
@kingboye2752
Жыл бұрын
@@Th3odora even IF he did….. pbd still had positive influence in him making a million
@SteveMiguel
Жыл бұрын
Awesome case study/testimonial right here!
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
@stealingmark995
Жыл бұрын
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?
@christabelcooper9174
Жыл бұрын
@@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
Жыл бұрын
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.
@Smalzlanky
Жыл бұрын
@@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.
@christianawinston7545
Жыл бұрын
@@Smalzlanky I am hoping to earn passive income maybe weekly or monthly... Can you suggest a genuine broker?
Pat once again smashing it with some invaluable and sage advice!
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!!
From my experience, all I can say is that nothing beats expertise when it comes to investing.
@edwarddick9673
Жыл бұрын
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.
@edwarddick9673
Жыл бұрын
@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
@edwarddick9673
Жыл бұрын
Leviclemans(a)Gmai Lcom...even with the commissions i'm still raking earnings.
@Kantor895
Жыл бұрын
With Clemans’ help, I've understood the rudiments of trading and trust me, at this rate I’m breaking financial barriers.
@Ferocious923
Жыл бұрын
@@edwarddick9673I immensely thank you for the recommendation. It's of great help to me. Thank you.
Thank you Pat, for all your content! It’s educational, motivational and entertaining!
Hey Pad!!!! Love to see all but all your content. I follow you everywhere. Keep doing it because you are killing it.
Such invaluable advice for any new and inspiring entrepreneurs! Thank you Pat!
These are the type of videos I appreciate the most. Thank you
Great valuable information. Appreciate you dropping the gems!
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!
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.
Keep the content coming Pat!!!
thank you for the wisdom!!! much apreciated!
Thank you Patrick for your invaluable content and encouragement as always.
Pat.. thank you my friend. You are a Real inspiration for everyone brother. 👊🏼✊🏼😎
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
Good morning Patrick, hope all is well with you and your family. Stay well my friend. Keep on keepin on
Pat living up to his channels name! Thank you for the valuetainment sir!
More content like this Pat! This the type of stuff I became of fan of you. God bless
This is the content that made me a big fan. True business talk. Love the other content too btw.
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.
This advice is so valuable. Thank you for sharing this information!
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 video, thank you.
very good info. I've subscribed
Music to my ears! Th am you PBD! You are the best!
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 I needed it
EXCELLENT CONTENT PATRICK, THANK YOU SO MUCH FOR ALL THE GREAT ADVICE & TIPS. ALL THE BEST
Great content Parto,it's relieving & eye opening insghts to all of us who aspire to be enterprenuers,👍👍.
Great content!
This is some of your best content Patrick!
Just discovered this guy; don't even know how. Great interviews; he knows his listeners' questions and follow-ups..
Wow, incredible video. 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.
@hedonist7962
Жыл бұрын
You didn't watch the video did you? 6 minutes into a 17 minute video... And you have a business you say?
@illuminatu5176
Жыл бұрын
@@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.
Thank you Pat for the advice!! Top P
PBD always bringing the heat! Thank you Sir! #PBD
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
this is amazing, how is Pat giving out this advice for free on the internet? wow
Thank you for the incredible content Pat! Just bought my hat and a I'm an Entrepreneur ship. Excited to receive them soon.
@valuetainment3701
Жыл бұрын
Reach out for more updates and assistant on cryptography strategies ⬆️
Thank you Pat. GOLD CONTENT
Precious Content and every businessman should watch this video. Loving it
The mentor I’ve never met. Thank you so much Pat!
Thank you Mr. PBD!
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?
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,👍👍❤❤.
I just clicked on the video and I already know you’re spot on! Like your videos
on point !
Thank you.
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.
A lot of information for free.. Thanks pat ❤️💪🏿
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
Been following u for a while now. I can say your the only genuine mentor for business
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
This is exactly what I was looking for, and never even thought of, Thanx
Annnnnnd we are back to the 1:1 videos where Pat talks business with us! Let’s Friggin’ go!!!!!!!!! 🔥 🔥 🔥
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.
God Bless you !!! Prayers for more success for you! 🙏
This is great, very savvy. That’s why America survives business ups and downs. There’s great hope for starting and maintaining any business.
As always your are on point.
this man speaks what needs to be heard and done. I am definitely taking these ideas
Been watching you since I was 16 years old, amazing how far you've com pat!
Been with you since the first 1,000 subs. Still love these quality vids.
@entre9199
Жыл бұрын
When will you scammers stop the cap
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
Thanks Pat!
This is the most raw and practical advice for an entrepreneur; spot on!
Pat, thank you for such a great content as always. 😂😂👍👍
Thank you
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!
Thank you Patrick
Wow fantastic thank God for this❤😮
Great points.
Good advices
Not only for startups Good message from a good man Thank you sir , watching from Africa
I love your content like always! Right to the point. May I get a 15 min meeting with you?
Simply priceless. You sir are amazing.
great message even in lifestyle not just business. teens and young men need to learn from early
Great video
Powerful Pat, accurate, one more time.
Praying you and your family are safe and well 🙏🏾❤️ what a storm
This channel helped and motivated me to start and run a profitable plumbing business for 5 years. Thanks Pat. Love from London UK 🇬🇧 ❤
Great message. Love the new hats. Definitely ordering a set. Thanks for creating content that Teaches... Truly shows your passion for helping others, Achieve there own Success in there Business Ventures. PBD4LIFE
Thanks Mr. Pat we have different business but same mind set for a bright future God bless you and your family always 🙏
Mr. Pat, I’m in!!
These are great advice.
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
Very good video.
Love It. Thanks PBD Respect. Most people want to be flashy business people. Stretching the dollar helps keep capital for other things.
Another great insight into the startup sector. Pat's right, hustle and struggle and 24h in the starting years. Put aside, invest and don't yet act as if. It'll come the time. Started the business 10+ years ago and we're still kinda in the startup mindset regarding what Pat mentioned in the clip. Better to invest and leverage it than try to force yourself into the mindset of what's like. 💯
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!
Wow!! Nice to meet people who also traded with her, she is indeed genuine and will gently guide you until you understand everything.