Valuetainment - Episode 317 - How To Predict The Future As An Entrepreneur

00:00:00.000 30 seconds. One time for the underdog. Ignition sequence start. Let me see you put them up. Reach the sky, turn the stars up above. Cause it's one time for the underdog. One time for the underdog.

00:00:17.280 I'm Patrick Bedeby, host of ITM, and today I'm going to share with you how to predict the future as an entrepreneur.

00:00:22.480 Okay, so let's get right into it. Point number one is studying each generation's level of frustration in any area of their lives.

00:00:29.880 Let me explain to you what I mean by this. So, for example, take what Chip Wilson did. Chip Wilson is the founder of Lululemon.

00:00:36.200 When I sat down with him, he was telling me how he came out with the idea of Lululemon.

00:00:40.040 He would go to yoga classes, and then afterwards, he would go sit outside at the nearest coffee shop next to the girls and women who were leaving the yoga classes and listen to their frustration.

00:00:50.960 And he realized everybody was frustrated with their yoga pants. So they would say, you know what, I'd love to go to the mall, but I don't feel comfortable going to the mall with these pants.

00:00:58.720 So he went and created pants that made women feel comfortable to wear it at a mall. He takes his business from $0 to $12 billion. He's worth $4 billion today.

00:01:07.640 Take, for example, boomers, okay? Boomers are born between 1946 to 1964. So the oldest boomer turns 50 years old in 1996.

00:01:17.500 What do you think is the level of frustration that a 50-year-old goes through? Think about it. What does a 50-year-old go through?

00:01:22.620 What do you start experiencing in your 40s, right? We hear about it all the time right now, but back then it's kind of private, right?

00:01:28.920 Erectile dysfunction, for example. Do you know when Viagra came out? 1996.

00:01:33.320 You know how old the oldest boomer was? 50 years old. You know the youngest boomer was only 32 years old.

00:01:38.240 How did that happen? What are they frustrated about?

00:01:41.600 You can predict the future if you simply take each generation and write down, what are they most frustrated about?

00:01:47.240 Go listen to them. Here's what they're most frustrated. Here's what they're most frustrated. Then find a solution for whatever their generation is.

00:01:53.620 You can predict what trend is going to take off next.

00:01:57.480 Point number two. I can walk into a company or an office or an organization and I can see based on the energy of how the team is together

00:02:05.660 and how they solve problems to get in a boardroom, you can pretty much say, these guys are going places.

00:02:11.240 They work good together. They flow good together. They're not afraid. There's not fear.

00:02:14.960 There's not like somebody that's pushing or bullying and all this other stuff.

00:02:17.920 These guys got a good energy. They've got a good team.

00:02:20.360 Something's going to happen. You can make a prediction.

00:02:22.400 But I can also walk into a room and see somebody that's iron fist.

00:02:26.460 No one's opinion matters. Only he speaks. No one can give advice.

00:02:30.200 No one can say anything. He never takes anyone's advice.

00:02:33.180 You can also figure out who is probably going to leave that environment in no time.

00:02:36.860 Because you can't lead like that for a long time.

00:02:39.200 Energy of the people can also predict the future of a company or an industry.

00:02:43.120 All right, point number three is being able to use data and study and trends to help you make a certain decision about whatever your prediction is.

00:02:49.560 I like to look at numbers both internally and externally.

00:02:52.740 What do I mean by internally?

00:02:54.060 I want to know what kind of customers like my products.

00:02:56.560 What kind of customers don't like my product.

00:02:58.600 You know, what kind of salespeople do well at selling my product.

00:03:01.420 What kind of salespeople don't do well at selling the product.

00:03:04.600 I want to know what kind of executives do well.

00:03:06.640 What kind of employees do well.

00:03:07.700 I want to know what kind of partners do well.

00:03:09.080 I want to study all the data that I can.

00:03:11.840 I want to know seasons, months, hours, seconds, days.

00:03:15.740 I want to know all of it, right?

00:03:18.180 So think about it as far as sports goes.

00:03:20.200 Let's just say you and I want to buy a sports team together.

00:03:22.820 Me and you.

00:03:23.240 We don't know which sports team, but we want to buy a sports team together.

00:03:25.900 You ready?

00:03:26.720 So you got NFL.

00:03:28.160 You got MLB.

00:03:29.400 You got NBA.

00:03:30.360 You got NHL.

00:03:31.300 And you got soccer team in America.

00:03:33.200 MLS.

00:03:33.620 Now here's the key.

00:03:34.680 We're not buying a sports team for fun.

00:03:37.200 Like we're not buying it because we should go buy a basketball team because I love basketball.

00:03:41.060 We're buying it purely from an investment standpoint, right?

00:03:44.720 NBA, NHL, NFL, MLB, and soccer.

00:03:47.760 Now, if we were to say solve for X, X equals we want the biggest return on our money.

00:03:54.180 Which of those five things is going to give the biggest return on our money?

00:03:57.360 If we have a sports team, we buy, you know, Raiders.

00:04:00.180 I was about to be a minority owner of the Raiders.

00:04:02.140 I was buying a 1% of the Raiders and we were going back and forth.

00:04:05.720 This is right when they signed John Gruden.

00:04:07.720 The guy came up saying, I think it's worth 2.8 billion.

00:04:10.220 I give him an offer at 2.3 billion for the 1% of the 2.4 billion, 2.3 billion.

00:04:15.160 They said, no, I think it's 2.8 billion.

00:04:16.440 I said, I'm not interested.

00:04:17.640 They're going to go to Vegas.

00:04:18.520 They're getting Gruden 10 year contract, all this, that stuff.

00:04:20.320 I said, no.

00:04:21.020 Why?

00:04:21.300 I didn't see the trend for me to want to go in and give that kind of a check to them.

00:04:25.020 So I stepped out of it.

00:04:26.160 But if you look at the five, soccer may be the one that's going to give you the biggest X factor.

00:04:30.820 Why?

00:04:31.580 Here's why.

00:04:32.880 Soccer is the only sport in America that we are not very good at.

00:04:36.900 We're good at baseball.

00:04:37.700 We're good at hockey.

00:04:38.380 We're good at basketball.

00:04:39.560 We're good at football.

00:04:40.320 But we're not good at soccer.

00:04:41.340 However, what's the one country that attracts the most immigrants around the world?

00:04:45.680 America.

00:04:46.580 Huh.

00:04:47.220 And outside of America, what is the number one sport in the world?

00:04:51.280 It is soccer.

00:04:52.620 And immigrants are coming to America and sports is about selling people on that sport. 0.98

00:04:58.100 How many times were you not a fan of a sport?

00:04:59.960 Somebody sold you on it.

00:05:01.400 Babe, you got to watch this baseball game.

00:05:02.880 Let me tell you what's crazy about this baseball game.

00:05:04.840 So that's what you call a single.

00:05:06.100 That's a double play.

00:05:07.480 Look what you just saw.

00:05:08.380 That's a ball.

00:05:09.080 You'll never see a ball.

00:05:10.400 That's a strikeout.

00:05:11.420 There's three balls.

00:05:12.160 This, this.

00:05:12.820 Oh, I like baseball.

00:05:13.800 I like football.

00:05:14.340 That's a touchdown.

00:05:14.980 That's this.

00:05:15.300 So imagine all these immigrants are coming and they're selling people how amazing soccer 1.00

00:05:19.900 is.

00:05:20.580 How amazing soccer is.

00:05:21.520 And every four years, the World Cup.

00:05:22.900 Oh my gosh.

00:05:23.660 Amazing.

00:05:24.540 One of my investors bought a soccer team just a few years ago for 40 million bucks.

00:05:28.800 It's worth over $200 million.

00:05:31.020 5X.

00:05:31.640 Right?

00:05:32.440 But you have to study the data and the trends in every possible way to say, I think soccer

00:05:36.780 team may be the best investment we may make.

00:05:39.040 You may not buy it because you like the sport.

00:05:40.700 You're buying it because it's the best investment.

00:05:41.820 You got to study all the data of all the trends in every possible way for you to say, this

00:05:46.380 is my prediction of what's going to happen with this industry.

00:05:49.020 Okay.

00:05:49.240 So point number four is a little bit different.

00:05:50.660 Let me explain to you what I mean by this.

00:05:52.120 I can look at a company, go to a company and find a product and say, what a boring idea.

00:05:57.360 Oh my gosh, that's a boring product.

00:05:59.020 Are you kidding me?

00:06:00.020 This has been done before.

00:06:01.380 That's all you're doing?

00:06:02.480 Yes.

00:06:03.560 But you can predict an organization's going places because they have an incredible leader

00:06:07.940 who is serious, believes in the product, believes in the cause, believes in the mission statement.

00:06:13.840 It's not just saying it because it's what you're supposed to write.

00:06:16.920 It's 100% convinced that what they're doing is going to make an impact in people's lives

00:06:22.240 and they know how to develop leaders.

00:06:24.260 This company is going places.

00:06:25.620 You can predict that.

00:06:26.560 Why?

00:06:27.940 Doesn't mean all the time.

00:06:29.040 But the risk is lower if you have an incredible leader that knows how to develop leaders.

00:06:34.880 Why?

00:06:35.700 Because it's so hard to find great leaders nowadays.

00:06:38.760 It is so hard to find great leaders nowadays.

00:06:41.180 There are many investors in the marketplace, VCs, private equity firms, that don't invest

00:06:45.960 into ideas.

00:06:47.120 They invest into a founder.

00:06:48.720 They invest into a CEO.

00:06:50.320 They invest into an entrepreneur because that person believes in leadership development.

00:06:54.440 That person believes in personal growth.

00:06:56.660 That person believes in education and that mindset bleeds into other people.

00:07:02.080 This is why people banked on Jack Welch.

00:07:04.780 This is why people banked on the way Andy Grove built leaders.

00:07:07.880 This is why people banked on a certain group of leaders that knew how to develop leaders

00:07:12.260 around them.

00:07:13.820 That's leadership.

00:07:15.120 So sometimes you can simply predict where an organization is going based on one great leader.

00:07:20.960 Okay, point number five is something you're hearing a lot of people talk about with AIs 0.79

00:07:23.820 and robots and all this other stuff.

00:07:25.080 I'm going to simplify it for you.

00:07:26.660 You can predict based on where an industry or somebody is going to take a big hit.

00:07:31.880 If any skill sets start becoming automated, you can make a prediction on what's going to

00:07:36.240 happen there.

00:07:37.100 Skill sets become automated.

00:07:39.480 So if you and I used to go to the airport and we would check in and we would get our ticket

00:07:43.220 and now it's not, you can kind of make a prediction what's going to be happening within

00:07:46.460 that field.

00:07:46.980 If you used to go to a bank and you would talk to a teller you no longer do because everything's

00:07:51.580 on your phone, you can kind of predict what's going to be happening with, you know, brick

00:07:55.600 and mortar type of, you know, structures that we would go to.

00:07:58.580 It's going to be a different story.

00:07:59.940 If you and I used to go to Barnes and Noble and Borders to buy a book and all of a sudden

00:08:06.120 we're buying e-books and it's 24% of readers now reading e-books.

00:08:09.680 This was like 10 years ago, the data.

00:08:11.720 You can kind of predict the future of what's going to happen with Borders and Barnes and

00:08:14.820 Noble.

00:08:15.260 Every time I go to the Barnes and Noble and Frisco, I ask the guys, I say, listen, how

00:08:18.720 are you guys doing financially?

00:08:20.140 And the answer is always the same.

00:08:21.440 I think we're doing okay.

00:08:22.740 I think we're doing okay.

00:08:24.040 The other day, the lady's like, would you like to buy the membership of $25?

00:08:27.520 And you're really not going to get a savings on this magazine you buy because it's only

00:08:30.180 $4.99.

00:08:31.040 I said, honestly, I'll buy it.

00:08:32.060 I just want to make sure you guys stay in business because I want to keep these bookstores

00:08:34.720 in business because I like bookstores.

00:08:36.820 But the reality is, how much longer do you think Barnes and Noble is going to stay in

00:08:40.020 business?

00:08:40.760 Maybe three years, maybe five years, maybe 10 years.

00:08:43.940 Would you really put a million dollars of your investment into Barnes and Noble today?

00:08:47.420 Why not?

00:08:48.020 Because you can predict the future on what direction that industry is going to simply because things

00:08:54.020 are being automated and it's being replaced by a robot.

00:08:57.420 Point number six is kind of like point number four, but a complete opposite.

00:09:00.120 So let me explain to you what I mean by this.

00:09:01.900 You know, sometimes you look at a company, you look at an organization, you look at a

00:09:05.060 team and say, you know what?

00:09:06.940 I think they're headed in a bad place.

00:09:08.880 Why?

00:09:09.940 Because they just brought in a team member or they just brought in a CEO or somebody at

00:09:14.260 the top that only solves every problem or solution to give themselves the credit and

00:09:21.080 it's about them.

00:09:21.880 And you say, they're about to lose their best talented people.

00:09:25.380 And if they're about to lose their best talented people, that company may be going in a

00:09:29.160 direction that is not going to be favorable to the investors and the people involved in

00:09:33.180 that company.

00:09:34.080 So sometimes you can make a prediction for a company that's going in a bad direction simply

00:09:38.900 by recruiting the wrong leader to that company in an executive position.

00:09:43.580 So point number seven is really directed to the entrepreneur, to the CEO, the executive.

00:09:46.860 Sometimes you've got to leave your corner office and you've got to kind of go and hear what

00:09:52.660 people are saying.

00:09:53.400 Let me explain what I mean by what people are saying.

00:09:55.380 One is going on forums, online forums.

00:09:58.100 What are people really saying about this?

00:09:59.760 Going on Twitter and really hearing conversation and studying one keyword and just going and

00:10:03.340 say, wow, a lot of people are talking about this.

00:10:05.400 Going and seeing which companies are pivoting.

00:10:06.920 Why are they pivoting?

00:10:07.540 Why did these three companies pivot as big as they did?

00:10:11.260 What's the reason for them?

00:10:12.640 Okay, like I remember in the insurance industry, this was two weeks before the election was

00:10:18.380 coming up.

00:10:19.180 The insurance industry, everybody thought Hillary Clinton was going to be the president 0.98

00:10:25.380 and everybody made their commissions tighter.

00:10:28.500 Like, oh, wow, everybody got looser.

00:10:30.100 What happened all of a sudden here?

00:10:31.700 But they had banked on one thing.

00:10:33.340 And I went and looked at these industry articles that they had on these couple different websites.

00:10:37.900 And these guys said internally, such and such person from this company, from Prudential,

00:10:41.900 from Trans, from this company, they believe Hillary's going to be president.

00:10:45.420 And because of that, they're doing this, they're doing that, they're doing this.

00:10:47.800 If I didn't go on those forums, I wouldn't know why the industry is getting tighter.

00:10:50.500 Then I kind of got a little bit of a clue of what's taking place.

00:10:53.420 Sometimes you got to leave your executive office, your corner office, and just kind of

00:10:57.240 go listen and see what's going on really in the real world.

00:11:00.040 What are the consumers, what are the industries pivoting about?

00:11:03.200 And are they right?

00:11:04.120 Are they wrong?

00:11:04.660 And why are they really doing this?

00:11:05.620 Getting the motivation behind it, and then that'll help you have a little bit more ammunition

00:11:09.040 and info about the next prediction you can make.

00:11:12.140 Point number eight is political.

00:11:13.240 I know most people don't like to touch politics, but here's the reality of it.

00:11:16.420 You have to know which president, which congressman, which senator is supporting which bill, what

00:11:23.540 do they promise they're going to regulate or deregulate if they get elected, and how does

00:11:28.200 that impact you?

00:11:28.900 For instance, you know when certain candidates get up and they say, if I become president, we're

00:11:35.260 going to regulate this industry, and we're going to regulate that industry, and we're

00:11:38.680 going to regulate this industry.

00:11:40.680 The consumer says, wow, I love that.

00:11:43.540 They're going to overregulate everybody.

00:11:46.080 What that really means is, they're going to help the bigger companies out.

00:11:49.640 Because overregulation helps the bigger companies.

00:11:53.100 You may say, why Pat?

00:11:54.420 Doesn't overregulation hurt the bigger companies?

00:11:56.780 No, no.

00:11:57.940 Overregulation helps the bigger companies.

00:12:00.500 It's the smaller company that can't afford it to survive.

00:12:03.560 So overregulation actually puts out the smaller companies out of business.

00:12:07.740 The bigger companies weather the storm because they got a lot of cash, they end up winning.

00:12:11.680 Versus deregulation, when you hear a president say, I'm going to deregulate this.

00:12:16.800 Every day I'm going to change a regulation, two regulations, five regulations, I'm going to

00:12:20.840 deregulate.

00:12:21.660 They're helping the small business owner out to be able to compete with the bigger guys.

00:12:25.280 So you have to pay attention to politics and regulation, because regulation can tell you

00:12:30.420 which big company is going to win, which smaller company is going to win, based on

00:12:34.660 whatever regulations your politicians will be making. 0.50

00:12:38.160 You know, point number nine is kind of tough to explain, but I'm going to do my best to

00:12:40.960 see if this makes sense to you.

00:12:42.680 Sometimes there are companies that are so good, or individuals or leaders are so good

00:12:48.940 at serving people and their customers, where the customer experience is so incredible,

00:12:55.280 that the customer wants to make sure that company stays in business.

00:12:59.120 I don't know if this makes sense.

00:13:00.740 Sometimes you can look at a company and say, these guys are going to be around for a while.

00:13:05.280 As long as they keep offering customer service and experience like that, people are not going

00:13:10.140 to let them go out of business.

00:13:11.000 I go to a restaurant twice a week.

00:13:12.720 When I'm in Dallas, I go to this restaurant twice a week.

00:13:15.180 It's called Neighborhood Services.

00:13:16.200 You know why I go there twice a week?

00:13:18.220 Because they are so good at the way they treat me.

00:13:21.980 They are so incredible.

00:13:24.120 I want to make sure they stay in business.

00:13:26.480 And every time I'm there, this place is packed.

00:13:29.040 It doesn't matter what time you go there.

00:13:30.380 They're always packed.

00:13:31.820 They have a system that works so well.

00:13:33.980 You can predict that with small companies.

00:13:35.800 You can predict that with big companies.

00:13:37.480 You can predict that with individuals.

00:13:39.200 You can predict that with great salespeople.

00:13:40.800 You can predict that with great executives, with their people, CEOs, entrepreneurs, CFOs.

00:13:45.860 If somebody treats their group of people well, they're typically going to be winning long-term.

00:13:50.220 You can bank on them winning long-term.

00:13:53.200 Okay, so the best way to explain point number 10 is this way.

00:13:55.400 I want you to think about your biggest insecurity.

00:13:57.580 You.

00:13:58.300 What is your biggest insecurity?

00:14:00.280 This is the one that your mom doesn't know about, your dad doesn't know about, your husband,

00:14:03.540 wife, girlfriend, boyfriend, best friend.

00:14:04.880 No one in the world knows about this insecurity.

00:14:07.180 Only you know about this insecurity.

00:14:08.420 Now, imagine this.

00:14:09.120 Imagine if right now, in the next five minutes, thousands of people on Twitter are going to

00:14:15.480 expose your insecurity.

00:14:16.680 What would happen all of a sudden?

00:14:18.280 It'd be very different, wouldn't it?

00:14:19.940 See, that same insecurity for us as individuals, everybody has, is the same as in a business.

00:14:26.620 Sometimes, we keep talking about how to predict the future, about, oh, make the best investment

00:14:30.620 here, go out there, win over here. 1.00

00:14:32.260 Sometimes, some decisions are not about what gives you the biggest return.

00:14:35.340 It's about what is a good decision to make so you stay in business.

00:14:39.120 Right?

00:14:39.800 So, if you don't ever ask questions about your biggest insecurity as a company.

00:14:43.680 For example, there's one thing that was happening with our company back in 2011, 2012.

00:14:49.660 If anybody ever figured this out, this one move in 2011, 2012, we're shutting down.

00:14:54.820 And it almost happened.

00:14:55.960 I'll never forget that meeting.

00:14:57.200 It almost happened.

00:14:58.500 So many businesses don't think about their insecurities, their weaknesses, and all of

00:15:02.480 a sudden, somebody figures it out, and next thing you know, they're shut down.

00:15:05.340 You've got to ask the question, what is the one thing that can put your business, put your

00:15:09.320 company out of business, and keep figuring out ways to protect that and eliminate that

00:15:14.340 so it doesn't eventually happen?

00:15:16.160 You know, point number 11 is something you know about, but I'm going to explain it maybe

00:15:20.380 in a way that'll get a little bit more clear.

00:15:21.880 You can call it traditional way of thinking, you can call it stubborn way of thinking, or

00:15:26.680 you can call it a fixed mindset.

00:15:27.860 Let me explain what I mean by this.

00:15:29.320 So, a company creates a vision, and they say, this is where we're going, and this is what

00:15:32.580 we're doing.

00:15:33.560 Sometimes, executives confuse a very crystal clear vision to the point where, you know,

00:15:40.960 here's the only way to get there.

00:15:42.580 Not necessarily.

00:15:43.980 Sometimes on a way to a dream, you get lost and find a bigger, faster way to get there.

00:15:48.800 Right?

00:15:49.380 So, you can't necessarily say, here's the only way to get there.

00:15:51.900 You've got to be willing to innovate and adapt and be open to certain ideas.

00:15:55.660 When companies, organizations don't get open to it anymore, and they're not willing to be

00:16:00.140 receptive to it, you already know where that's going.

00:16:03.300 Flatline with one of those leaders that's the most creative in that organization to go

00:16:07.560 leave and do it better, become a competitor, and take a part of their, you know, market away,

00:16:12.200 and all of a sudden, this one goes on, somebody else comes up.

00:16:14.280 It just happened so many years, and you can always predict this with major, major companies.

00:16:19.880 Point number 12 is by far the toughest one to do because it has the highest upside and

00:16:25.220 by far the biggest downside when I explain this to you.

00:16:28.460 Here's what I mean by it.

00:16:29.820 Point number 12 is not about predicting the future.

00:16:31.940 It's not about this data, this trend, this, this makes me predict that I believe this is

00:16:36.100 what's going to be taking place.

00:16:37.060 No, no.

00:16:37.280 Point number 12 is about creating the future.

00:16:39.740 Very big difference.

00:16:40.960 Here's what I mean by it.

00:16:41.820 And here's why very few people do it, because you're either a hero or an absolute, full,

00:16:47.320 crazy human being for thinking this was even possible.

00:16:51.060 Watch.

00:16:51.900 Phil Knight is the founder of Nike.

00:16:54.520 Do you want to know why Phil Knight all of a sudden built an empire of Nike being what

00:16:58.980 it is today?

00:16:59.740 Here's why.

00:17:00.740 Back in the days, Phil Knight, every year when the NBA had a draft, they would put $25,000

00:17:07.200 endorsement into 20 different players.

00:17:10.160 So here's $25,000, here's $25,000, here's $25,000, here's $25,000, here's $25,000.

00:17:16.380 In 1984, one of his advisors said, don't put $25,000 into 20 players.

00:17:23.100 Put $500,000 into one player.

00:17:26.000 And that one player's name was Michael Jordan.

00:17:28.280 Do you know when the dumb happened with Nike?

00:17:30.060 Michael Jordan built Nike.

00:17:32.540 If Michael Jordan was a flop, there is no Nike.

00:17:35.860 So watch this.

00:17:36.800 You got Phil Knight on this side.

00:17:38.260 Let me give you another example here.

00:17:39.520 LeVar Ball came out and said, our son is not signing a contract with Nike or Adidas.

00:17:42.920 He's not.

00:17:43.740 He's just not going to be doing it because we're going to come out with our brand called

00:17:46.620 Big Baller Brand.

00:17:47.900 And everybody said, he's out of his mind.

00:17:49.540 He's crazy.

00:17:50.600 How much is a shoe going to be worth?

00:17:52.280 This much.

00:17:53.120 What?

00:17:53.920 Yes, that's expensive.

00:17:55.480 Hey, you don't have to go buy the Louis Vuitton purse if you don't want to.

00:17:59.120 But this is what Big Baller Brand is.

00:18:00.780 We dictate our price.

00:18:02.300 Everybody called him crazy.

00:18:04.240 Now today, everyone's saying, look, you know, what a crazy guy.

00:18:07.220 What is it?

00:18:07.580 It wasn't a great idea.

00:18:09.060 Really?

00:18:09.880 How come it didn't work out for him?

00:18:11.380 Because LeVar Ball wasn't necessarily wrong.

00:18:14.620 Lonzo Ball didn't really end up becoming a player that everybody thought he was going

00:18:19.220 to be.

00:18:19.680 He was drafted second.

00:18:20.720 He should have probably been drafted number seven or eight.

00:18:22.900 But he was second.

00:18:24.080 What if Lonzo Ball replaced him with LeBron James?

00:18:29.100 What if LeBron James was LeVar Ball's son?

00:18:32.300 And LeBron came up and became this big of a hit.

00:18:34.420 Big Baller Brand, maybe today, a $5 billion company.

00:18:38.840 And all these other players are chasing the $20, $30, $40 million contract.

00:18:42.480 LeVar Ball just got his son, a $5 billion company.

00:18:46.220 And now people say, what a brilliant, genius LeVar Ball is.

00:18:50.480 That is how close you are to being a founder of Nike versus being a founder of Big Baller

00:18:54.920 Brand.

00:18:55.520 That's what happens when you predict the future.

00:18:57.720 You're about to create a new trend and people push back and you try to push.

00:19:02.440 But if you make it through, you're a rock star.

00:19:04.900 If you don't make it through, you're an absolute crazy human being.

00:19:07.660 Oh my gosh, this LeVar Ball guy is out of his mind.

00:19:10.020 He's crazy.

00:19:11.300 No, it just didn't work out his way.

00:19:13.580 So last one is not you predicting the future.

00:19:16.080 It's you creating the future.

00:19:17.680 Thanks everybody for listening.

00:19:18.920 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.

00:19:23.660 Give us a five star.

00:19:25.060 Write a review if you haven't already.

00:19:26.560 And if you have any questions for me that you may have, you can always find me on Snapchat,

00:19:30.620 Instagram, Facebook, or YouTube.

00:19:32.600 Just search my name, Patrick MidDavid.

00:19:34.500 And I actually do respond back when you snap me or send me a message on Instagram.

00:19:39.480 With that being said, have a great day today.

00:19:41.220 Take care everybody.

00:19:41.940 Bye-bye.

00:19:42.180 Bye.

00:19:43.520 Bye-bye.

00:19:48.020 Bye.

00:19:48.140 Bye.

00:19:48.720 Bye.

00:19:48.760 Bye.

00:19:49.000 Bye.

00:19:49.080 Bye.

00:19:49.800 Bye.

00:19:49.840 Bye.

00:19:49.980 Bye.

00:19:50.400 Bye.

00:19:50.600 Bye.

Valuetainment - June 11, 2019

Episode 317 - How To Predict The Future As An Entrepreneur

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