Valuetainment - 9 Obstacles Every Entrepreneur Will Face With Their Startup

00:00:00.120 So say you have two entrepreneurs that begin at the same exact time and the same exact

00:00:03.400 industry, two of them, right?

00:00:05.160 They start growing their businesses.

00:00:06.940 If you notice, they're growing at the same time, but then there comes the wall that they

00:00:10.640 hit, the obstacle that they hit.

00:00:12.360 Notice the first one has a massive drop off, the second one doesn't, and it goes bigger,

00:00:17.640 and the distance between them gets wider and wider and wider.

00:00:20.620 So why is that?

00:00:21.920 It's because one of them knew how to handle the obstacle they faced when they hit a wall,

00:00:25.920 the other one didn't.

00:00:26.920 Today we're going to talk about nine obstacles you will face as an entrepreneur.

00:00:35.060 So make sure to stick around until the very end because I'm going to give you a PDF on

00:00:37.520 today's message.

00:00:38.520 So let's get right into it.

00:00:39.520 Number one, creativity.

00:00:40.680 When your business starts growing and you get to a point where you become stale, everything's

00:00:45.800 the same, you're no longer growing, sometimes it's like, why are we not growing?

00:00:49.720 One of the factors could be there's no more creative, innovative campaigns, creative strategies,

00:00:55.100 mixed marketing campaign that comes out.

00:00:57.320 It's just business as usual, and when there's lack of creativity, there's boredom.

00:01:01.240 When there's boredom, people start looking all over the place.

00:01:03.660 You lose customers, you lose employees, you lose agents, you lose salespeople.

00:01:06.660 So you've got to get creative.

00:01:08.160 Second obstacle you're going to face is resources as far as money.

00:01:10.600 Now what do you mean by the obstacle I'm going to face is money?

00:01:14.340 Look at the two guys or the two gals that are going as entrepreneurs. 0.99

00:01:17.500 When you hit a wall, one has the money to invest back into the business in an area to help accelerate

00:01:24.260 or solve the problem, the other one's been spending all the money or taking too much income

00:01:28.420 out, they don't have it.

00:01:29.920 They lose momentum.

00:01:32.180 Resources is another obstacle you're going to face, and many different things.

00:01:35.060 You may have an opportunity to buy technology.

00:01:37.060 You may have an opportunity to expand and get a new C-suite executive that's going to bring

00:01:40.820 the set of talents and skills that's going to grow your company.

00:01:43.560 But if you've been spending too much money, you don't have that $200,000 to pay that C-suite

00:01:47.520 executive.

00:01:48.660 That is resources.

00:01:49.660 So, so far we've talked about creativity and resources.

00:01:51.560 Now let's talk about the other obstacle you're going to overcome, which is talent.

00:01:54.420 What is talent?

00:01:55.420 I was reading a book by Patty McCord called, I believe it's called Powerful, I think it's

00:01:58.940 called Powerful.

00:01:59.940 And I was reading this book, and one side, she worked for Netflix for 14 years, and she was

00:02:04.480 pretty much their chief HR.

00:02:05.900 And one day one of the departments comes up and says, hey, I want to recruit 50 employees at $50,000

00:02:12.560 because I need that support from my department.

00:02:14.720 She says, why 50 at $50,000?

00:02:16.520 He says, that's because that's what I need.

00:02:18.480 And Patty says, what makes you think it's 50 at $50,000?

00:02:21.960 Maybe it's 25 at $100,000.

00:02:25.060 Maybe it's 10 at $250,000.

00:02:27.000 Why 50 at $50,000?

00:02:28.560 And the guy started thinking about it, saying, huh, it's not like you're saying no to $2.5 million

00:02:32.760 budget.

00:02:33.760 You're just saying maybe it's not 50 at $50,000.

00:02:35.840 So you're thinking about it.

00:02:37.060 As the company grew, and I was building, first, let's just get anybody here to help us out,

00:02:41.440 maybe $15 an hour.

00:02:43.100 I can afford to pay somebody $50,000 a year, maybe $75,000 a year, maybe $100,000 a year.

00:02:48.540 But as you get bigger, the talent you need here is not going to be able to handle it here.

00:02:53.740 And the talent you have here may be good enough, but may not be good enough here.

00:02:57.440 You have to constantly be increasing your talent pool.

00:03:00.820 If you don't increase your talent pool, you don't know.

00:03:03.900 The talent here may want to stay at this level.

00:03:07.160 So you may want to have to get somebody else that wants to grow the company to this level.

00:03:11.320 But if you stick with that same exact talent, they were good for this company size at $1

00:03:15.680 million a year, $5 million a year, $10 million a year, but maybe you're not good at $50 million

00:03:18.860 a year, $100 million a year, a billion a year.

00:03:21.660 You have to assess that obstacle, you can say, how come this guy doesn't want it that bad?

00:03:26.020 How come you don't want to grow?

00:03:27.260 Maybe they just don't.

00:03:28.840 Maybe they're just happy where they are.

00:03:30.260 What are you going to do?

00:03:31.260 You've got to go and find better talent that wants to take you to the next level.

00:03:34.480 And maybe those folks will have a position in the company, just not at an executive level

00:03:38.620 or senior executive level with the company.

00:03:41.100 Next one is contacts.

00:03:42.100 And I want to make sure you look at contacts the same way as we did with talent.

00:03:44.800 Watch this.

00:03:45.800 The talent pool here may have been good for this size of a business, but not this size.

00:03:50.620 So you either have to challenge them to see if they want to upgrade, or you have to go

00:03:53.800 recruit somebody else to help you get here, right?

00:03:56.040 Same with contacts.

00:03:57.240 Your existing contacts that you have in your Rolodex may have been good for here, but maybe

00:04:02.620 to get to this level you need to kind of go and add some new people to your Rolodex.

00:04:06.020 Maybe to get to this level you've got to go and add some new people to that Rolodex.

00:04:09.120 So how do you do?

00:04:10.120 What do you do?

00:04:11.120 The other night I was sitting out with a group of guys and they were saying, Pat, what's

00:04:13.900 been your main focus lately?

00:04:15.460 All I'm doing, from morning till night, I am recruiting executives to two companies.

00:04:23.040 One is my insurance company, one is Valuetainment.

00:04:25.740 All I'm doing is on the phone with people recruiting.

00:04:28.580 It doesn't matter what I'm doing, it's all about recruiting.

00:04:31.760 So I'm using my data pool that I have of the contacts, and I'm reaching out to them.

00:04:35.860 Who do you know?

00:04:36.860 Who do you know?

00:04:37.860 Who do you know?

00:04:38.860 Who do you know?

00:04:39.860 Who do you know?

00:04:40.860 I'm recruiting.

00:04:41.860 Why?

00:04:42.860 Because there's no way in the world I can get to the next level with the existing talent

00:04:45.860 that I have.

00:04:46.860 Okay?

00:04:47.860 Very few of them will recreate themselves constantly.

00:04:50.420 Not everybody will.

00:04:51.420 So the next challenge was going to be contacts.

00:04:53.420 Now the fifth one is vision.

00:04:54.840 Vision is on you.

00:04:55.840 Sometimes you as the leader, you're going, I was on a board call the other day with a group

00:04:59.280 of insurance executives that were all doing 20 plus million per year.

00:05:03.280 20 to $100 million.

00:05:04.480 They're doing good for themselves.

00:05:05.480 They're doing very good for themselves.

00:05:07.220 And we were being challenged on a lofty goal on what to do with this lofty goal, right?

00:05:10.620 And everybody goes giving their ideas.

00:05:12.760 And I go at the end and I say, listen, one of the challenges we're all going to face is

00:05:15.540 the following.

00:05:16.540 Sometimes when you're making $5 million a year or $10 million a year, or you're netting

00:05:18.840 $2.5 million a year, you go to the right country clubs, you go to the right restaurants,

00:05:22.760 you have the caviar, you have the lobster, you have the sushi, you have the sea urchin,

00:05:25.820 you have the car, you have the clothes, you have the tailor, you have all that stuff

00:05:28.220 that you've got going on, right?

00:05:29.900 Part of the clubs, part of the sport teams, part of all that stuff, whose parties you go to.

00:05:35.180 Sometimes you lose the vision.

00:05:37.240 And you lose the motivation.

00:05:38.680 And sometimes you're not motivating anymore.

00:05:41.240 You sound like the same person 10 years ago.

00:05:44.200 And it's the same exact thing.

00:05:45.940 I as a person working for you, or I'm one of the people on your team, I'm like, where's

00:05:50.300 this guy's fire?

00:05:51.500 I bought into your fire 10 years ago.

00:05:53.720 I bought into your fire five years ago.

00:05:55.940 I bought into your fire a year ago.

00:05:58.140 Where is that fire?

00:05:59.140 Where is that person I chose to want to run with and work with?

00:06:02.100 What happened to that person's fire?

00:06:04.140 If you don't snap out of it and figure out a way to get your vision back on to the next

00:06:09.500 level, you're not going to stay at the same level you are.

00:06:12.400 There's always going to be a dip.

00:06:13.840 Because your talent pool that you have with your company is going to say, like, I want

00:06:17.420 to run with somebody that's got a big vision.

00:06:19.600 And you seem to be very content where you're at, and then I start looking elsewhere, right?

00:06:24.140 Sometimes a setback is because your vision has been already filled.

00:06:27.040 You've got a full stomach.

00:06:27.980 You're no longer thinking big enough, you start facing a big obstacle.

00:06:31.060 And this one, by the way, can be very annoying if you ever go through this.

00:06:33.740 Next.

00:06:34.740 Tech.

00:06:35.740 So what's tech?

00:06:36.740 Speed.

00:06:37.740 To me, when I see tech, I see speed.

00:06:38.740 I just see those two together.

00:06:39.740 I see tech as speed and efficiency together all the time, right?

00:06:43.160 So myself, four years ago, three years ago, I built my business on a software that when

00:06:49.420 I first started doing business with this gentleman 11, 12 years ago, he told me this software

00:06:54.220 is built for a business this size.

00:06:55.780 So one day, three years ago, him and I are talking, and he says to me, Pat, I got some

00:06:59.120 bad news for you.

00:07:00.120 He says, what's that?

00:07:01.120 I said, buddy, my software is not built for a big company the way you're going right now.

00:07:06.300 I can't sustain that.

00:07:07.920 I said, if you go with me for a while, I'm about to break.

00:07:11.000 I'm just telling you, I can't sustain you for too long.

00:07:13.900 Think about he is telling a customer, we're very good friends.

00:07:17.900 He's saying, you've outgrown me.

00:07:20.440 I can't even get my service.

00:07:21.860 I can't get nothing to support you.

00:07:23.780 I'm just telling you, you've got to do something about it.

00:07:25.700 So what do I do?

00:07:26.700 I look and I said, okay, my tech, I've got a big tech issue.

00:07:29.660 If that tech breaks apart, I've got a big setback, not a small one, a very big one.

00:07:35.320 What does that cost to me?

00:07:36.780 Is it a million dollar cost?

00:07:38.400 Is it a two million dollar cost?

00:07:39.940 Is it a three million dollar cost?

00:07:41.180 By the way, is it a ten million dollar setback?

00:07:43.520 Is it a hundred million dollar setback?

00:07:45.160 Is it a quarter billion dollar setback?

00:07:47.180 If that tech was to fall apart, to me, it's somewhere around a quarter of a billion to

00:07:51.740 a half a billion dollar mistake, if the software was to break apart.

00:07:55.860 So what do we do?

00:07:56.860 Immediately meeting, get everybody in, technology engineers start pitching their products who

00:08:01.220 can do it better.

00:08:02.300 We go through eight weeks of the whole findings and the sticky pads on the conference room.

00:08:08.880 Every week in our conference room we have two, three hundred new sticky pads.

00:08:12.140 This week, two, three hundred sticky pads, every single week for eight weeks, then we

00:08:15.720 come out with a work order like this big, and then we go around and see how much it's going

00:08:19.140 to cost.

00:08:20.140 The number came around three to five million dollars.

00:08:22.020 Our man hours, their man hours, engineers, everybody, we built the software.

00:08:25.040 Why?

00:08:26.040 I was about to face a massive obstacle if I wasn't going to get the tech.

00:08:31.020 Now watch this, I could have been stubborn and said, oh, it's going to be okay.

00:08:35.020 Nope.

00:08:36.020 It worked for this side, Mr. Ben David.

00:08:38.260 It may even work for this side, but it's going to break at this side.

00:08:41.320 So what do you want to do?

00:08:42.320 Do you have the resources?

00:08:43.560 We had the resources.

00:08:44.940 We had the right people.

00:08:45.980 We went and hired them.

00:08:47.340 Next thing you know, the software was launched five months ago.

00:08:50.420 Last month in the month of March, record breaking month.

00:08:52.980 Why?

00:08:53.980 Because the software now works so fast versus what we had in the past.

00:08:58.320 Next, enemy, political.

00:09:00.200 As you get bigger, you will have new enemies.

00:09:02.860 Every time you get bigger, it's new enemies.

00:09:04.780 If you think about it right now, I actually want you to go back and think about it.

00:09:08.480 Go back five years ago, who was your number one enemy in business?

00:09:11.880 Go back five years ago and think about your number one enemy.

00:09:13.720 As a matter of fact, go back three years ago, who was your number one enemy?

00:09:16.420 Who did you go to sleep in 2018 thinking about your enemy?

00:09:21.040 Go to 2017.

00:09:22.260 How about 2016?

00:09:23.400 How about 2015?

00:09:24.400 How about 2011?

00:09:25.400 Do you see how you go back?

00:09:27.400 Do you even think about that enemy today?

00:09:29.700 If you've been growing and you've been developing yourself, that person or business or individual

00:09:36.160 should not be your enemy today.

00:09:38.400 You must graduate enemies.

00:09:40.460 But as you graduate enemies, new enemies show up.

00:09:44.140 Some are political.

00:09:45.400 Some is government.

00:09:46.540 Some is attorneys.

00:09:47.760 Some is another person you're going up against.

00:09:49.900 Some is a market share.

00:09:51.040 Some is your business.

00:09:52.480 You're going to face that.

00:09:53.980 You cannot eliminate that.

00:09:55.580 That's just going to be happening.

00:09:56.580 The only way you eliminate an enemy that you're going up against is to stay small.

00:10:01.400 In a very small, in a community, the smaller you are, the fewer enemies you have, but you're

00:10:06.320 going to face that.

00:10:07.320 So how do you handle that?

00:10:08.320 Is it going head on?

00:10:09.320 Is it trying to collaborate?

00:10:10.940 Are they trying to bully you around?

00:10:12.360 You have to kind of stand up to yourself sometimes.

00:10:14.460 Do you start creating and poking?

00:10:16.500 If you poke too much, they may poke back.

00:10:18.620 So maybe you don't poke, you just kind of stay focused on your business, and you try to

00:10:21.900 get the right people to make these things work out.

00:10:24.560 This is all the different challenges you will face also with your enemies.

00:10:28.280 At every level I've grown, I've had enemies.

00:10:31.440 Every level I've grown, 90% of the time, I've befriended my enemies.

00:10:36.520 We have figured out a way to make it work, and those 10% that we didn't, we just couldn't

00:10:40.280 do it.

00:10:41.280 We have to go head on.

00:10:42.280 There's nothing we can do about it, until eventually you graduate.

00:10:43.880 And some of them will stick around for a very, very long time.

00:10:46.540 And some of them will pretty much go away and say, you know what, I don't want to compete

00:10:48.840 with you directly.

00:10:49.840 I'm going to go this way.

00:10:50.840 Or you say, I don't want to compete with you directly.

00:10:51.900 This is my market.

00:10:53.140 This is your market.

00:10:54.140 We don't even have to compete against each other.

00:10:55.880 We go two separate ways.

00:10:57.080 But you're going to be facing this, unfortunately.

00:11:00.180 Most entrepreneurs and business owners do not know how to handle this.

00:11:03.400 And this gets a lot of people to go out of business.

00:11:05.840 Eight, culture.

00:11:07.540 You're growing your business.

00:11:08.760 Things are going good.

00:11:10.200 All of a sudden you're like, man, how come we are flattened out?

00:11:13.920 What's going on here?

00:11:15.240 What is it?

00:11:16.240 You can't figure it out.

00:11:17.240 I can't even feel it anymore.

00:11:19.040 What's going on?

00:11:20.040 People are not excited anymore.

00:11:21.160 What happened to this company?

00:11:22.480 Well, your culture, either there is no culture, either the culture used to be a nice culture 0.99

00:11:28.340 to be around, but the culture's gotten boring.

00:11:31.240 Maybe you're not around anymore.

00:11:32.360 You've given up the culture to somebody else.

00:11:34.480 And they don't know how to continue the culture that you created at the beginning of the company.

00:11:38.640 So this culture is not helping you attract the right talent.

00:11:43.200 This culture is not getting the right people that want to come work with you.

00:11:46.060 This culture is not allowing you to raise more money.

00:11:48.220 This culture is not creating the place where it's very creative.

00:11:50.820 Why?

00:11:51.820 You've got to go back and ask the culture.

00:11:53.440 You're responsible for it if you're the entrepreneur.

00:11:56.140 And last but not least is reputation.

00:11:57.700 I had issues when I was small.

00:11:59.500 As I got bigger, I still had issues.

00:12:01.560 And I got bigger, I still had issues.

00:12:03.420 This is never going away.

00:12:05.140 Today especially, anybody and everybody can say anything they want about you.

00:12:09.360 How do you handle that?

00:12:11.020 Years ago when I started creating content, eight years ago, the number one reason why

00:12:15.220 I created content, the number one reason why I created content wasn't because I wanted

00:12:19.980 to be a YouTuber.

00:12:20.980 It wasn't because I wanted to make money off of you.

00:12:24.320 It was simply because if you and I were going to do business together, I wanted you to say,

00:12:30.060 huh, let me see this guy here.

00:12:31.920 What is this guy?

00:12:32.920 I go on YouTube.

00:12:33.920 Patrick B. David.

00:12:34.920 Let me look.

00:12:35.920 Wow, I like what he says.

00:12:36.920 How interesting.

00:12:37.920 I actually like what he stands for.

00:12:38.920 I like the way he does interviews.

00:12:40.800 I like the way he talks about business.

00:12:42.520 I like his values and principles.

00:12:44.140 We match together.

00:12:45.140 You know what?

00:12:46.140 I want to do business with him.

00:12:47.140 Or you'd go look at him and say, I just don't like this guy.

00:12:50.640 He's too much about capitalism.

00:12:52.680 He's all about entrepreneurship.

00:12:54.400 I don't like him.

00:12:55.400 I don't want to ever do business with this guy.

00:12:57.360 No problem.

00:12:58.360 But it became a filtering process.

00:12:59.640 You know what's the one rule about this?

00:13:02.700 I'll give you a few challenges.

00:13:04.800 One time we had a customer.

00:13:06.260 Very interesting story.

00:13:07.260 We're a year-round in the business.

00:13:09.640 I start doing what I'm doing.

00:13:10.720 This one guy, all of a sudden, I notice everywhere he's commenting.

00:13:13.600 He's commenting this.

00:13:14.600 He's commenting this.

00:13:15.600 He's commenting this.

00:13:16.600 Okay?

00:13:17.600 And then one day, I'm like, I'm just going to call this guy.

00:13:19.100 So I'm like, hey, give me his number, Tikran.

00:13:20.600 Tikran gets his number.

00:13:21.600 I call him up.

00:13:22.600 Say, hey, John, how you doing?

00:13:23.600 Good.

00:13:24.600 Who's this?

00:13:25.600 Patrick B. David.

00:13:26.600 Patrick B. David?

00:13:27.600 Yeah, Patrick B. David.

00:13:28.600 I said, look, did we do something?

00:13:29.600 Sounds like you're upset with me or somebody.

00:13:31.220 Tell me what I did to upset you, because I'm curious.

00:13:33.980 And he says, well, let me tell you something, all you think about is capitalism.

00:13:38.800 Money doesn't rule the world.

00:13:40.200 It's not all about money.

00:13:41.580 It's about this.

00:13:42.580 I said, okay, so tell me what you believe in.

00:13:44.580 He says, I believe in communism.

00:13:45.580 I said, you believe in communism?

00:13:46.580 Yeah.

00:13:47.580 I said, great.

00:13:48.580 I was raised by a communist.

00:13:49.580 What do you like about communism?

00:13:50.580 We had a 45-minute conversation together.

00:13:52.740 You know what happened after the 45 minutes?

00:13:54.840 He said, you know what, Pat?

00:13:55.840 I said, what's that?

00:13:56.840 He says, I had a different idea of who you were.

00:13:59.360 I appreciate you calling me, just the fact that you heard me out.

00:14:02.380 I appreciate that.

00:14:04.380 We had a good banter together.

00:14:05.380 I said, yeah, no problem.

00:14:06.380 Cool.

00:14:07.380 Here's my number.

00:14:08.380 If you want to keep in contact with me.

00:14:09.380 I'm just glad I had a conversation with you.

00:14:10.380 I thought something really happened where you were upset.

00:14:12.100 Where apparently what upset you is the fact that I believe in capitalism.

00:14:14.760 Yeah.

00:14:15.760 Look, I got my philosophies.

00:14:17.400 You got yours.

00:14:18.400 I think what a good thing that came out of this is we had a good banter.

00:14:21.060 Yeah, absolutely.

00:14:22.060 Ha, ha, ha.

00:14:23.060 We got off the phone.

00:14:24.060 Seven years later, you got calls me.

00:14:25.060 We had a good conversation.

00:14:26.060 Remember seven years ago when I called you?

00:14:27.060 Yeah.

00:14:28.060 I'm an entrepreneur now, right?

00:14:29.060 I mean, the whole story with life changes.

00:14:30.060 What's the point?

00:14:31.060 One phone call.

00:14:32.460 One phone call.

00:14:33.460 We had an issue where the phone call wasn't made.

00:14:34.960 It dragged out for 12 months just because of one simple phone call.

00:14:38.180 I had a call yesterday with one of my guys.

00:14:40.400 We're having a conflict with this person here, with this customer here.

00:14:44.060 I said, when did the conflict start?

00:14:45.960 Two weeks ago.

00:14:46.960 I said, when did you reach out to the customer?

00:14:49.020 We haven't yet.

00:14:50.020 I said, you've had a conflict with a customer you haven't reached out?

00:14:52.020 No, we're thinking about reaching out on Monday.

00:14:53.400 I said, what are you talking about on Monday?

00:14:55.600 Call the customer today, right now.

00:14:57.740 When the conflict happens, call the customer.

00:15:00.980 Ask them.

00:15:01.980 Hey, Mary, John, sounds like I did something that upsets you.

00:15:04.680 Can you please help me know what it is because I don't know.

00:15:07.540 You know what upset me?

00:15:08.840 What upset me is the fact that, perfect.

00:15:10.740 You know what?

00:15:11.740 I am so sorry.

00:15:12.740 I wish I knew this.

00:15:13.740 It's totally my fault.

00:15:14.740 I apologize.

00:15:15.740 I'm going to work on this area.

00:15:17.520 Aside from this, did I do anything else that upsets you?

00:15:21.140 No nothing.

00:15:22.140 Well, I'm glad to know.

00:15:23.140 How about this, John and Mary, what?

00:15:25.100 If I work on this area and I'm able to follow up with you to provide you with ABC, are you

00:15:29.460 good with moving forward doing business together?

00:15:31.140 Yes, sure.

00:15:32.140 I just want to let you know, everybody I've ever done business with, we've always had

00:15:34.960 some kind of differences at one point.

00:15:36.460 There's always been a conflict with my marriage, with my best friends, with my business partners.

00:15:40.380 But once we're able to overcome that and move forward, that ends up becoming one of

00:15:44.760 the best relationships I have.

00:15:46.520 I'm open to it if you are.

00:15:48.060 You know what, Patrick?

00:15:49.200 We like your approach.

00:15:50.200 I'm open to it.

00:15:51.200 Wonderful.

00:15:52.200 If you need to get a hold of me, John and Mary, this is my phone number.

00:15:55.040 Is it okay for me to call Bobby for them to continue the process?

00:16:00.200 Absolutely.

00:16:01.200 Thank you.

00:16:02.200 Again, if you need anything, call me.

00:16:03.200 I'm going to call Bobby.

00:16:04.200 Bobby should call you in the next 30 minutes.

00:16:05.200 Excellent.

00:16:06.200 Great.

00:16:07.200 I call Bobby.

00:16:08.200 Bobby, I just spoke to them for 45 minutes.

00:16:09.200 Call John and Mary.

00:16:10.200 Half the battle with reputation and credibility is instant follow-up to address the issue.

00:16:15.420 You have to know that you can't please everybody.

00:16:18.040 You cannot please everybody.

00:16:19.660 I'm in the insurance industry.

00:16:21.400 I can't please the fact that only 10% of people pass their license.

00:16:24.940 I can't please everybody that this is not an easy industry to be a part of.

00:16:28.800 But I can do enough for the market to say, I actually like doing business with this person.

00:16:33.780 Again, the bigger you get, the more this is going to be.

00:16:37.720 The smaller you are, the smaller this is.

00:16:39.940 The bigger you get, the more resources you need.

00:16:42.220 The bigger you get, the more creative you need to get on the inside.

00:16:45.220 The bigger you get, the better talent you need.

00:16:46.840 The bigger you get, the stronger contacts you need.

00:16:48.600 The bigger you get, the bigger the vision needs to be.

00:16:50.500 The clearer it needs to be.

00:16:52.500 The bigger you get, the better tech you're going to need.

00:16:54.780 The bigger you get, the better you'll need to be with enemies.

00:16:58.300 The bigger you get, the more your culture is going to matter to have a high retention.

00:17:01.340 The bigger you get, the better you need to get at dealing with people who don't like

00:17:05.140 the way you do business.

00:17:06.540 Because your credibility is on the line, and your reputation is on the line.

00:17:09.020 So having said that, these were the nine obstacles you're going to overcome as an entrepreneur.

00:17:12.960 If you want today's message in PDF, text, huh, let's say reputation, it's a tough word,

00:17:20.640 text reputation to 310-340-1132.

00:17:24.220 Once again, text the word reputation, you see it on the screen, to 310-340-1132.

00:17:31.180 And if you're not in the U.S., you can go in the description below, subscribe to our

00:17:34.220 newsletter.

00:17:35.220 We'll send you today's PDF.

00:17:36.220 And if you enjoyed today's video that I talked about, nine obstacles to overcome as an entrepreneur.

00:17:40.580 I did a video a few years ago titled, How to Improve Your Work Ethic.

00:17:44.220 If you've never seen the video, How to Improve Your Work Ethic, this was probably four or five

00:17:48.840 years ago.

00:17:49.960 It's one of my favorite videos I've ever put up.

00:17:51.620 It's a very important topic.

00:17:53.000 Click over to go watch that video, and if you've not subscribed to the channel, please

00:17:56.800 do so.

00:17:57.800 Thanks for watching everybody.

00:17:58.800 Take care, bye bye.

Valuetainment - April 06, 2021

9 Obstacles Every Entrepreneur Will Face With Their Startup

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