My 33 Years of Business Mistakes in 11 minutes

Рет қаралды 153,763

Күн бұрын

Download the PDF "Know Your Personal Expenses" at this link: kenmcelroy.com/know-your-pers...
Ken McElroy talks about valuable lessons from over three decades of business experience, focusing on the importance of staying dedicated to one's niche and avoiding the common pitfalls of diversification and dilution of efforts. Ken touches on the importance of strategic focus, financial discipline, and the critical need for adaptability in business, offering concrete examples from his own journey.
Ken has a real estate strategies podcast! Follow your favorite platform each week.
Apple Podcasts: apple.co/3jDqftx
Spotify: spoti.fi/31GUDwW
Follow Ken on social media at: x.com/kenmcelroy
• • •
Be sure to click the bell to be notified as soon as the next informational video is posted!
Visit Ken's Bookstore: kenmcelroy.com/books/
•
ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
•
DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites.
All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
2024 KenMcElroy.com, LLC. All Rights Reserved.
#kenmcelroy #realestate #realestateinvesting #business #entrepreneurship #focus #niche #specialization #strategicplanning #financialdiscipline #adaptability #scalingabusiness #businessmistakes #keyperformanceindicators #margins #cashflow #marketingstrategies #customerretention #businessgrowth #personalfinances #businessplanning #leveraging #teambuilding #condoconversions #multifamilyinvesting #businessmanagement

Пікірлер: 132

@tahirisaid2693 24 күн бұрын

Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals. Nobody can become financially successful overnight. They put in background work but we tend to see the finished part.

@EmiliaGeelan 3 күн бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@StreetSmartMillionaire 16 күн бұрын

To you youngsters out there don't leave this channel without becoming a subscriber. Ken is the real deal.

@sandip1712 Күн бұрын

Ken, this are the best 11 minutes I have invested on KZfaq than all together in other channels.. You are really genuine and upto the point..

@josephbatta1730 Ай бұрын

Stay in your lane.. I had a customer wanting a detached garage built. He was a dentist. He told me im too high and he wanted to do the job himself. I said great.. he asked me who my dentist was. I said I don't have one. I do it myself.. This really happened..

@humblebee7979 Ай бұрын

🤣😂😅

@TheRealSaintNickNorthside Ай бұрын

Lmfao

@leonardojacks190 Ай бұрын

Great answer 😂

@PersonPersons-kh3bg Ай бұрын

I could build a garage off of KZfaq videos alone. You can’t drill your teeth off KZfaq videos alone… Stop over valuing yourself. That’s such a privileged pov…

@junbug2427 Ай бұрын

@@PersonPersons-kh3bgdo it

@timjrgebn 10 күн бұрын

Mistakes and learning what NOT to do is far more valuable information than what to do. Every decision has price once made, so it's best to avoid the fatal ones.

@carbonfibercreationswashin7213 Күн бұрын

What he said is 100% true. I owned a business 14 years.

@EcomCarl 13 күн бұрын

Great advice! Staying focused on your core business and building a team that complements your strengths and weaknesses are crucial for success. Remember to prioritize what matters most and always keep learning to stay ahead of the curve. 🚀

@TalesOfTrillions Ай бұрын

I couldn't agree more with the importance of knowing your numbers. Understanding your margins and budgeting can make or break a business. Thanks for the wake-up call!

@muhammadasiffarooqi7672 Ай бұрын

Thanks, you feel really natural as compared to fabricated business people on youtube

@rccpromotions Ай бұрын

Thank you for your humility and sharing the mistakes. I think that's the most valuable thing that a content creator can provide.

@tokenhaole 13 күн бұрын

Pure gold. Thank you for sharing all this great info. This video is a must watch if you’re serious about succeeding.

@comlaptopmuziek 11 күн бұрын

Ken is simply the best and honest businessman!!! Thank you and may The Almighty bless you my friend.

@Puravidaselect 17 күн бұрын

Thanks Ken. You are a great teacher and mentor!

@clintonmurakami3753 13 күн бұрын

Thank you so much for sharing your knowledge.

@investorgreats 16 күн бұрын

This was great stuff! It's uncommon that somebody is straight talking on KZfaq! 😀

@aaronjaggers3117 13 күн бұрын

Thanks Ken! Always great .

@alisonhoyte7608 Ай бұрын

Fabulous advice we have done this and it works , the personal assessments are excellent strenght and weaknesses really can be game changers for people

@leadgenjay Ай бұрын

Ken's emphasis on strategic focus is spot on, especially in real estate investing, where it's easy to get sidetracked. A key tactic is to leverage data-driven decision-making, using market analytics and forecasting to pinpoint emerging neighborhoods before they peak, maximizing ROI while mitigating risks.

@adriennefoxtrot8819 5 күн бұрын

This is the best business guidance I have seen on KZfaq.

@HEOEvgeny Ай бұрын

Words of wisdom. Thanks

@steventaylor2561 Ай бұрын

Good stuff I like the words of wisdom Thanks for doing the videos

@Stewart5225 Күн бұрын

Thank you Ken! Outstanding Content

@leeroach3381 Ай бұрын

Very helpful Thank you for sharing

@fandangofandango2022 15 күн бұрын

Dear Sir, You have a Big Heart I am now a Fan, I thank You for Your Openness and Big Brain.

@AdrianMark 12 күн бұрын

This was really helpful, thank you.

@BlueWaterSTAX Ай бұрын

Thanks Ken

@Jack-uv6xx 8 күн бұрын

I appreciate these business lessons.

@leeaaron7856 Ай бұрын

Excellent video! Thanks.

@juniorcagatin111 17 күн бұрын

thank you for the simple but effective tips

@dr.mohd.shamimiqbal2555 11 күн бұрын

Great advice indeed!!! Many Thanks!

@Start_With_You 10 күн бұрын

I cannot believe this video only has 92k views! The information is priceless!!!!🎉

@advancetotabletop5328 7 күн бұрын

2:30 : Reminds me of micromanagement. Thanks for the video!

@nikolachuhlev8122 16 күн бұрын

Very valuable content. Thanks a lot :)

@PravitLochan Ай бұрын

Thanks Ken!

@antonionader4455 16 күн бұрын

Thanks for the wisdom

@lubosimaboshe Ай бұрын

Awesome vid thanx😊

@Sevkingblade 3 күн бұрын

Awesome. I've been looking for a mini tutorial on Lambda for a while.

@dhowto3005 Ай бұрын

Thanks!

@THELIFEOFPRICE 8 күн бұрын

valuable info!

@andreaslingue1918 Ай бұрын

Success is doing what you want to do, when you want, where you want, with whom you want, as much as you want. That takes time

@p0werl0ve 5 күн бұрын

great advice

@kellya8425 5 күн бұрын

4. Follow the Moola.... Wen bidding a job, make sure your Proposal has enough meat on the bone. Unless you wanna donate your time, money, energy... factor in your T&M including overhead.

@alexjames9349 18 күн бұрын

Thanks from 🇸🇱🇸🇱

@brightjimmy5501 20 күн бұрын

This is good stuff.

@bc2647 4 күн бұрын

This guy is a genius

@surendrakumar-hd2uo 16 күн бұрын

Sir , Good Knowledge, Sir, Please suggest my 20 Year Experience in maintenance and utility field , please suggest business., thanks

@waytogo11 12 күн бұрын

Good stuff

@Codigoinmobiliario 14 күн бұрын

Lucas y equipo... Restararon mi 600 quedo espectacular super recomendable

@eggxecution 9 күн бұрын

great

@adrianduncan3956 9 күн бұрын

wow you caught my attention in the first min. That's me being a serial entrepreneur

@user-hw8ns3oz4 9 күн бұрын

real golden Nuggets hey guys eat it all lol , Thank for that all lessons

@AntonStetner Ай бұрын

Stay in your lane. This is the best one that was said periods we all have made this mistake way too many times

@wb6csh 20 сағат бұрын

You need to correct the on screen spelling of "Colby" (Kolbe) Test. Otherwise, a good video!

@klumpur23 9 күн бұрын

I don't quite understand why mistake #2 is not solving your mistake #1. If you can leverage OPT, then you don't need to stay in your lane, right? Elon Musk get into spaceship business, EV, boring companies, etc. I'm not which one is his lane, but I'm sure he's good at leveraging OPT.

@monkmysterio Ай бұрын

I would love to see you in the next Undercover Billionaire episode, see if you have what it really takes

@greelsdisc 16 күн бұрын

I had this big thing I was going to write about going out of business blah blah, but no,I learned, and moving forward. I’m 40, going through some pretty big health issues lost all my money. I don’t have kids and I’m not married. I basically need to start something from home. I’m just sick of all the scammy gurus out there on KZfaq. Do you have any advice or who to watch that isn’t a scammer in that area? I’m not ready to get into real estate like I want someday, because I am pretty much home bound for now, hopefully that can change in a bit, Thanks.

@tobybrown1179 10 күн бұрын

All you can do is take a bit of advice from here and there etc and put it together and make it work. Like buy low and sell high, simple

@uniqyachtcharters 14 күн бұрын

💯👏🏼👏🏼👏🏼

@shasanthshanmadhuran5639 7 күн бұрын

it's not businesses that make you money but focus discipline and assets

@eduardc5397 14 күн бұрын

Is you friends with Man Dartell?

@mrjohncharlesbrown 8 күн бұрын

Be careful what you own, it may wind up owning you.

@riyadhrahman4747 11 күн бұрын

Reliance never stood in lane.

@anigrapixravi 14 күн бұрын

Impotence people blame anything… (like fake gurus) my logic keep our self our own guru by our own experience.

@marcin3136 17 күн бұрын

You are omitting the so-called in Philosophy: "All-Encompassing Individuals" (popularly known as "Renaissance People"). What's advice for them? Follow the "broad line" (yours), but it's better not to go into own business, because there you need to focus and work on one thing. And of course, find a wise and honest company (with a wise/honest president-owner) where you will be paid adequately. It's not that easy at all (there are a lot of cheaters and populists- of course it depends on the country; scientific research shows the truth ;). But of course you said: "My 33 Years of Business Mistakes". I just added from my experience/ knowledge ;)

@AlexanderHernandezhj Ай бұрын

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

@PaulaAdrian721 Ай бұрын

People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

@MarieRandy438 Ай бұрын

You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.

@KaylaRussell77 Ай бұрын

Making a living is becoming more challenging, and it's difficult for me to save enough to enjoy quality time with my loved ones.

@pedroAgondel 12 күн бұрын

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

@AaronHansen-iu1df 12 күн бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@fameswap-dq5eo 12 күн бұрын

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

@UsamaG-mq1jy 12 күн бұрын

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@mikesnoek 12 күн бұрын

I'm new at this, please how can I reach her?

@carlosinform 12 күн бұрын

Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family

@Michael-qy1jz Ай бұрын

33 years has all been in a downward cycle in interest rates for the last 40 years, this next 30 years will be upward rates..

@jasonzhao8504 Ай бұрын

Then he will pivot. All successful business constantly changes.

@valboolin3538 14 күн бұрын

Ботан - money

@joeshmoe7899 Ай бұрын

-smoking asbestos- carpet is still encouraged?

@shasanthshanmadhuran5639 7 күн бұрын

kolby test

@victorvt5646 9 күн бұрын

👃💟💙💛💚❤💜👃

@Bible-Christian 9 күн бұрын

What a lucky dude with his three billion.

@user-sh8fo2ed5f 12 күн бұрын

Well, I got somebody watching have sex and then tell the hole town and telling me to stay in my lane lol . Life just crazy sometimes . Had me believe i was gone to be kill all kinds of harassment and all Ive ever done is stay in my lane . Just untell I fine thim

@gavnonadoroge3092 16 күн бұрын

kolbe test

@vvalasek Күн бұрын

Shouldn’t we strive to be more independent

@VennuTv 8 күн бұрын

becareful what u own, it may wind up owning you

@projectsspecial9224 3 күн бұрын

Agree. Before you own it, think how you would get rid of it .. exit strategy.. also because 90%+ of your headaches are caused by people you deal with

@littlellama8405 9 күн бұрын

Ken Rex McElroy (June 1, 1934 - July 10, 1981) was an American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States.

@littlellama8405 9 күн бұрын

WTF google!

@VicDamoneJr82 Ай бұрын

But what about having a side hustle like all these fake gurus preach

@dartguy36069 Ай бұрын

(Unique marginal difference)

@MrGoofwad Ай бұрын

Does anyone realize that God truly exists? I was a washout then gave my life to God now ALK is GOOD

@AdrianMark 12 күн бұрын

Except your spelling 😂😂 time to go back to skool buddy

@ermant1311 11 күн бұрын

this says he owns a jet and business for million dollars and he still wants to sell somethings here in youtube ) come on man )) first decide who you are !

@ainanirina758 9 күн бұрын

Search for his net worth, he is a forbes registered billionaire

@ermant1311 9 күн бұрын

@@ainanirina758 when u google first name comes "American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States" yes I can see he is a real billionaire :)) not even google can find his name. dont be that stupid to believe everything anyone tell u

@Feargamelioncheetahs 7 күн бұрын

Ur good at fraud and lying u r a professional

@Vev79 12 күн бұрын

Why are you smiling while talking abt mistakes? What to smile about?

@davekush3171 11 күн бұрын

He's still rich

@davehasenford3985 5 күн бұрын

#1 Trump steaks

@ipponbasic1084 7 күн бұрын

Bull

@dogfacedponysoldier87 6 күн бұрын

Don’t go to school. It’s trash. From age 11, start working and learn skills and how to serve other people . Anticipate the future. School will kill you. But working with skills doing somthing society needs at a good price , with margins and enough $ to keep you happy for a lifetime, is key.