The Biggest Reason Most Businesses Fail

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Valuetainment

Valuetainment

Күн бұрын

FaceTime or Ask Patrick any questions on minnect.com/.
Want to get clear on your next 5 business moves? valuetainment.com/academy/
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...
Download the free PDF from Valuetainment here: valuetainment.com/how-to-stop...
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Пікірлер: 545
@VALUETAINMENT
@VALUETAINMENT Жыл бұрын
Get the limited edition hats here: vtmerch.com/collections/future-looks-bright-signature-collection
@sandibenec
@sandibenec Жыл бұрын
This is great but the shipping to Slovenia costs 74 usd 😊
@rocobear5709
@rocobear5709 Жыл бұрын
Pat, interview RICK CARUSO and I will buy a hat and a book!
@idolatrystudios
@idolatrystudios Жыл бұрын
This was a fantastic video. Thank you very much for posting it
@yamafanboy
@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
@masternobody1896 Жыл бұрын
sometimes andrew tate is wrong. but warren buffet is better
@mendoza2489
@mendoza2489 Жыл бұрын
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
@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
@johngalt1967 Жыл бұрын
Drive it till the wheels fall off, that's my motto!
@kayots
@kayots Жыл бұрын
he probably doubted the validity of your statement since you rejected to give him pocket change.
@JJ38255
@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
@mendoza2489 Жыл бұрын
@@kayots lol
@frankhenry10x
@frankhenry10x Жыл бұрын
Avoid... 1. Office leases 2. Overhiring 3. Saviour consultants 4. Lavish employee perks 5. Expensive tools 6. Business Travel 7. Uncontrolled enthusiasm
@brad2943
@brad2943 Жыл бұрын
Thank you
@kloud1174
@kloud1174 Жыл бұрын
Thanks bro
@jmm1817
@jmm1817 Жыл бұрын
Thank you. Basically Common Sense. Been implementing for almost 30 years now
@frankhenry10x
@frankhenry10x Жыл бұрын
@@jmm1817 agreed
@shacabweynaha801
@shacabweynaha801 Жыл бұрын
@@jmm1817 sometime the basic common sense is always overlooked
@rodneymyers6728
@rodneymyers6728 Жыл бұрын
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
@tortureddummies1672 Жыл бұрын
What is your business?
@SOLO2X4790
@SOLO2X4790 Жыл бұрын
This guy is the biggest role model for young men💯
@KidCity1985
@KidCity1985 Жыл бұрын
And old woman, like me!
@ThuIaniNgobeni
@ThuIaniNgobeni Жыл бұрын
true story
@EnglishEvolution
@EnglishEvolution Жыл бұрын
@@KidCity1985 i love his content
@thejayperspective9781
@thejayperspective9781 Жыл бұрын
Agreed( from South Africa). Salute!
@samgarretson
@samgarretson Жыл бұрын
And hes a good one!
@baretteroyce5120
@baretteroyce5120 Жыл бұрын
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
@BlenderPhysics Жыл бұрын
I totally understand. But sometimes learning the hard way is the best way!
@online82witness
@online82witness Жыл бұрын
Thank you for having a second point of view of similar experiences.
@XPLAINMYNAME
@XPLAINMYNAME Жыл бұрын
What business you in ?
@Vex916T
@Vex916T Жыл бұрын
Best thing I learned from my business mistakes... just don't make the same mistake again.
@EliteAutomation
@EliteAutomation Жыл бұрын
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
@kingboye2752 Жыл бұрын
Impressive
@kingboye2752
@kingboye2752 Жыл бұрын
@@Th3odora even IF he did….. pbd still had positive influence in him making a million
@SteveMiguel
@SteveMiguel Жыл бұрын
Awesome case study/testimonial right here!
@Corrabeauty
@Corrabeauty Жыл бұрын
From my experience, all I can say is that nothing beats expertise when it comes to investing.
@edwarddick9673
@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
@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
@edwarddick9673 Жыл бұрын
Leviclemans(a)Gmai Lcom...even with the commissions i'm still raking earnings.
@Kantor895
@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
@Ferocious923 Жыл бұрын
@@edwarddick9673I immensely thank you for the recommendation. It's of great help to me. Thank you.
@firefightr_spike3846
@firefightr_spike3846 Жыл бұрын
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!!
@georgeanderson3980
@georgeanderson3980 Жыл бұрын
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
@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
@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
@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
@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
@christianawinston7545 Жыл бұрын
@@Smalzlanky I am hoping to earn passive income maybe weekly or monthly... Can you suggest a genuine broker?
@Charlie_Alpha_Lima
@Charlie_Alpha_Lima Жыл бұрын
Pat once again smashing it with some invaluable and sage advice!
@stephenfloyd3522
@stephenfloyd3522 Жыл бұрын
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.
@patrikk3271
@patrikk3271 Жыл бұрын
Thank you Pat, for all your content! It’s educational, motivational and entertaining!
@vedocapp
@vedocapp Жыл бұрын
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.
@illuminatu5176
@illuminatu5176 Жыл бұрын
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
@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
@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.
@JorgeMorales-xd2us
@JorgeMorales-xd2us Жыл бұрын
Hey Pad!!!! Love to see all but all your content. I follow you everywhere. Keep doing it because you are killing it.
@Scooby-Snacks
@Scooby-Snacks Жыл бұрын
These are the type of videos I appreciate the most. Thank you
@drich1s
@drich1s Жыл бұрын
Such invaluable advice for any new and inspiring entrepreneurs! Thank you Pat!
@philippeplouchart8156
@philippeplouchart8156 Жыл бұрын
This is great, very savvy. That’s why America survives business ups and downs. There’s great hope for starting and maintaining any business.
@williamkamara5034
@williamkamara5034 Жыл бұрын
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
@officialtobinshort
@officialtobinshort Жыл бұрын
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!
@timgribble2699
@timgribble2699 Жыл бұрын
Thank you Patrick for your invaluable content and encouragement as always.
@BrianClaypool
@BrianClaypool Жыл бұрын
Love It Brother! This is so right on.
@jahspazz6010
@jahspazz6010 Жыл бұрын
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.
@bandana4814
@bandana4814 Жыл бұрын
Keep the content coming Pat!!!
@Sajin688
@Sajin688 Жыл бұрын
Good morning Patrick, hope all is well with you and your family. Stay well my friend. Keep on keepin on
@ThuIaniNgobeni
@ThuIaniNgobeni Жыл бұрын
this is amazing, how is Pat giving out this advice for free on the internet? wow
@bryanderas351
@bryanderas351 Жыл бұрын
thank you for the wisdom!!! much apreciated!
@stone420
@stone420 Жыл бұрын
Pat.. thank you my friend. You are a Real inspiration for everyone brother. 👊🏼✊🏼😎
@justino.75
@justino.75 Жыл бұрын
Pat living up to his channels name! Thank you for the valuetainment sir!
@MoneyTalkwithMP
@MoneyTalkwithMP Жыл бұрын
Great valuable information. Appreciate you dropping the gems!
@sarafodaykonneh5311
@sarafodaykonneh5311 Жыл бұрын
I really wish I could have watched this video before I started my company
@so145
@so145 Жыл бұрын
Thank you I needed it
@TheSJVF
@TheSJVF Жыл бұрын
This is the content that made me a big fan. True business talk. Love the other content too btw.
@rohangt1
@rohangt1 Жыл бұрын
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
@docwill184
@docwill184 Жыл бұрын
Just discovered this guy; don't even know how. Great interviews; he knows his listeners' questions and follow-ups..
@agnsprinting
@agnsprinting Жыл бұрын
More content like this Pat! This the type of stuff I became of fan of you. God bless
@christopherresmini8254
@christopherresmini8254 Жыл бұрын
This advice is so valuable. Thank you for sharing this information!
@TonyMoze
@TonyMoze Жыл бұрын
Annnnnnd we are back to the 1:1 videos where Pat talks business with us! Let’s Friggin’ go!!!!!!!!! 🔥 🔥 🔥
@phantomfpss
@phantomfpss Жыл бұрын
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
@v3256
@v3256 Жыл бұрын
I may be only 15 years old but all his videos feel like they will help me a lot in the near future
@matthewboys3165
@matthewboys3165 Жыл бұрын
This is some of your best content Patrick!
@NotAnnaJones
@NotAnnaJones Жыл бұрын
Great video, thank you.
@muyiwa508
@muyiwa508 Жыл бұрын
Great content!
@Make_Changes85
@Make_Changes85 Жыл бұрын
Thank you Pat for the advice!! Top P
@aaron80769
@aaron80769 Жыл бұрын
I just clicked on the video and I already know you’re spot on! Like your videos
@RayMrCustumerService
@RayMrCustumerService Жыл бұрын
Music to my ears! Th am you PBD! You are the best!
@gsingson3
@gsingson3 Ай бұрын
very good info. I've subscribed
@undwye
@undwye Жыл бұрын
Thank you for the incredible content Pat! Just bought my hat and a I'm an Entrepreneur ship. Excited to receive them soon.
@valuetainment3701
@valuetainment3701 Жыл бұрын
Reach out for more updates and assistant on cryptography strategies ⬆️
@FordTransitVan17
@FordTransitVan17 Жыл бұрын
PBD always bringing the heat! Thank you Sir! #PBD
@praise_asalikeze
@praise_asalikeze Жыл бұрын
this man speaks what needs to be heard and done. I am definitely taking these ideas
@billycasimir1469
@billycasimir1469 Жыл бұрын
The mentor I’ve never met. Thank you so much Pat!
@gobindakc5888
@gobindakc5888 Жыл бұрын
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.
@D_one
@D_one Жыл бұрын
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
@toxichammertoe8696
@toxichammertoe8696 Жыл бұрын
This is exactly what I was looking for, and never even thought of, Thanx
@youmayberight2434
@youmayberight2434 Жыл бұрын
Thank you.
@tjdavid12
@tjdavid12 Жыл бұрын
Thank you Pat. GOLD CONTENT
@skysevensstudio3332
@skysevensstudio3332 Жыл бұрын
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,👍👍❤❤.
@mutulicaaa
@mutulicaaa Жыл бұрын
Thank you Mr. PBD!
@benhardwick1601
@benhardwick1601 Жыл бұрын
Thanks Pat!
@g.k.s.8336
@g.k.s.8336 Жыл бұрын
Been following u for a while now. I can say your the only genuine mentor for business
@furqanshafiofficial
@furqanshafiofficial 5 ай бұрын
Precious Content and every businessman should watch this video. Loving it
@VivaLaHustle
@VivaLaHustle Жыл бұрын
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
@harichandlal7205
@harichandlal7205 Жыл бұрын
God Bless you !!! Prayers for more success for you! 🙏
@ElyWaves.
@ElyWaves. Жыл бұрын
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
@Bkkriversidelifestyle
@Bkkriversidelifestyle Жыл бұрын
EXCELLENT CONTENT PATRICK, THANK YOU SO MUCH FOR ALL THE GREAT ADVICE & TIPS. ALL THE BEST
@TSES89
@TSES89 Жыл бұрын
A lot of information for free.. Thanks pat ❤️💪🏿
@dirtonthetrack
@dirtonthetrack Жыл бұрын
on point !
@entre9199
@entre9199 Жыл бұрын
Been with you since the first 1,000 subs. Still love these quality vids.
@entre9199
@entre9199 Жыл бұрын
When will you scammers stop the cap
@skysevensstudio3332
@skysevensstudio3332 Жыл бұрын
Great content Parto,it's relieving & eye opening insghts to all of us who aspire to be enterprenuers,👍👍.
@raykleiner3151
@raykleiner3151 11 ай бұрын
As always your are on point.
@CrashLarue
@CrashLarue Жыл бұрын
Thank you Patrick
@Loudandproudcast881
@Loudandproudcast881 Жыл бұрын
Been watching you since I was 16 years old, amazing how far you've com pat!
@thomaslindsey7685
@thomaslindsey7685 Жыл бұрын
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.
@creatingdigitalassets
@creatingdigitalassets Жыл бұрын
So good!
@Pokevolver
@Pokevolver Жыл бұрын
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?
@mikemcgeehan4321
@mikemcgeehan4321 Жыл бұрын
Great points.
@AR7_Crypto
@AR7_Crypto Жыл бұрын
Wow, incredible video. Thank you
@CesarGalanYT
@CesarGalanYT Жыл бұрын
Simply priceless. You sir are amazing.
@therealrumblefish
@therealrumblefish Жыл бұрын
Thank you
@cnaccio
@cnaccio Жыл бұрын
This is the most raw and practical advice for an entrepreneur; spot on!
@nafeesahnaf2387
@nafeesahnaf2387 Жыл бұрын
One of your best video.
@XEvolutionXXX
@XEvolutionXXX Жыл бұрын
Pat, thank you for such a great content as always. 😂😂👍👍
@silvesteinrmartin
@silvesteinrmartin Жыл бұрын
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!
@debangsubanerjee2155
@debangsubanerjee2155 Жыл бұрын
Powerful Pat, accurate, one more time.
@MyApadana
@MyApadana Жыл бұрын
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
@eezaka2791
@eezaka2791 Жыл бұрын
great message even in lifestyle not just business. teens and young men need to learn from early
@armelromelus8529
@armelromelus8529 Жыл бұрын
These are great advice.
@georgeanderson3980
@georgeanderson3980 Жыл бұрын
Wow!! Nice to meet people who also traded with her, she is indeed genuine and will gently guide you until you understand everything.
@anthonyvillalpando365
@anthonyvillalpando365 Жыл бұрын
Thanks Mr. Pat we have different business but same mind set for a bright future God bless you and your family always 🙏
@timothymchugh6232
@timothymchugh6232 Жыл бұрын
I’ve got a good focus at 54, thanks for the inspiration
@brianedghill2027
@brianedghill2027 Жыл бұрын
Praying you and your family are safe and well 🙏🏾❤️ what a storm
@WhiteTrailerTrash01
@WhiteTrailerTrash01 Жыл бұрын
It's not all that Pat. I've been beat out of more money from more startups then I can even remember over the past 34 years. Now...If I talk to a small company for a "job" I'm interviewing them more than they are me. Advice for interviewees.. 1. Look in their parking lot when you pull in for the interview...fancy car by the front door? Startup? They may not always make payroll and may be making promises they can't keep. 2. All startups have big dreams, I can think of one still around. Do you want to make that investment in their company? 3. You may not move up even on the ground floor of a startup. The startup was created to make someone else money not you, don't forget that. My father who was a truck driver told me when I was young that if you drive a truck for a company for 40 years do you know what you'll be in the end? A worn out truck driver. If you don't have a college education or a big book of business then you may want to avoid startups. This is a 2 sided arrangement and if the consultant takes your low ball offer YOU still have to provide whatever it is your selling (my case logistics) and the consultant will end up holding the bag in the end if you can't put out what you say you can. Sorry to play devils advocate here but I had to say something.
@claudiamiranda8447
@claudiamiranda8447 Жыл бұрын
Mr. Pat, I’m in!!
@fulfanueltubuah9596
@fulfanueltubuah9596 Жыл бұрын
Not only for startups Good message from a good man Thank you sir , watching from Africa
@joig7242
@joig7242 Жыл бұрын
Good advices
@OvRmind
@OvRmind 9 ай бұрын
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!
@evangelistopoku6544
@evangelistopoku6544 Жыл бұрын
Great video
@brandon7527
@brandon7527 Жыл бұрын
Patrick you are bang on.
@miranaradivojevic469
@miranaradivojevic469 Жыл бұрын
Amazing rules. I’ve seen all of this in a startup
Businesses fail because...
15:36
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