Valuetainment - August 02, 2021


What You Can Learn From Netflix

Hosted by
Patrick Bet-David
Mentioned
Blockbuster Johnny
Former Iranian Refugee Turned Comedian Opens Up How Young Men Can Beat Today’s Struggles

Episode Stats


Length

3 minutes

Words per minute

210.85

Word count

684

Sentence count

54


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode I talk about how to create yourself in a way that no one else recognizes you anymore. If you don't change, you will end up in the same exact place as Blockbuster, Apple, or Amazon.

Transcript

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 You know, when we think about innovation, all we think about is companies innovating.
00:00:03.040 We don't think about us innovating, not as in us being innovative, but us innovating as individuals.
00:00:09.120 This is a Netflix DVD, right? This is their old business model that they had.
00:00:13.820 You would rent a DVD from them. They would ship it to you.
00:00:16.660 You're done watching it, take a week, two weeks, three weeks.
00:00:18.740 They were going up against Blockbuster. They didn't have the late fees.
00:00:21.360 Send them back. They'll send you the next movie, and it was a basic model they had, right?
00:00:24.200 I found this out this last week.
00:00:26.260 I was unboxing because I moved into a new house, and I'm going through all my stuff.
00:00:29.440 I found this.
00:00:30.460 So here's what's crazy about this when I look at it, right?
00:00:33.380 This business model, if they would have stayed like this, they would have been out of business.
00:00:37.780 They would have been in the same exact cemetery as another company called Blockbuster.
00:00:42.820 Blockbuster didn't want to do their late fees, all this stuff.
00:00:45.380 They changed up, and then boom, $8 billion company goes out of business.
00:00:49.480 But these guys who thought this model was going to work for them realized if they don't change
00:00:54.860 and they don't innovate, they're going to get destroyed, and they'll be in the same exact
00:00:59.080 cemetery as Blockbuster.
00:01:01.080 So what does this have to do with you?
00:01:02.780 You know, we read books, and books talk about how innovative Apple was and how innovative Amazon
00:01:08.680 is or how innovative all these companies are.
00:01:11.080 But let's come to you.
00:01:12.180 How innovative are you with you?
00:01:16.340 Meaning, how often do you change?
00:01:19.420 How often do you improve yourself?
00:01:21.460 If the cemetery of companies that stopped changing is filled with tens of thousands of businesses
00:01:30.640 that at one point were winning, what about people who stopped changing?
00:01:36.200 What does that cemetery look like?
00:01:38.320 Is it a cemetery of people that got demoted, that got fired, that couldn't stay at a company,
00:01:43.880 that lost clients, that lost businesses, that were let go and they blamed the company?
00:01:49.000 There are so many people like that, so this message comes to you.
00:01:53.200 When's the last time you recreated yourself in a way that nobody recognizes you?
00:01:58.040 When's the last time you did that to yourself?
00:01:59.360 When's the last time you met your family, friends, you're sitting down with them, and they simply
00:02:05.080 tell you, I don't recognize you anymore.
00:02:08.000 You've changed.
00:02:08.720 Your language has changed.
00:02:10.180 I'll give you an example.
00:02:11.860 Imagine if you are always a certain reputation with your friends, and every time you meet with
00:02:16.520 them, they give you certain words that you tell them, right?
00:02:18.280 Whatever the words may be, and they don't see you for six months, and they see you again,
00:02:21.880 and they keep talking to you the same exact way as you were six months ago, and you laugh
00:02:25.740 and you're like, ha, ha, ha, ha.
00:02:26.940 What you're saying is you're still that person versus all of a sudden you say, hey, Johnny,
00:02:31.660 man, that was like me two years ago.
00:02:33.500 If you think I'm still that guy two years ago, you completely have confused who I really
00:02:38.740 am and what I'm trying to do in my life.
00:02:40.220 The two-year-go pat?
00:02:41.120 Yeah, he would have stood for that.
00:02:42.720 Today's pat?
00:02:43.340 No, it's a whole different story.
00:02:44.340 So you may want to think of that for yourself, but not me.
00:02:47.440 Moving forward, I've changed.
00:02:48.340 I want to do something bigger for myself.
00:02:49.920 Anyways, whatever that means to you is, if these guys changed and they became the monstrosity
00:02:55.920 that they are today, what could happen to you if you change and you recreate yourself?
00:03:01.140 By the way, this is a message that is a timeless message.
00:03:03.380 I did a video five, six years ago where I talk about 10 laws on how to recreate yourself.
00:03:08.520 If you've never seen this video before, click over here to watch that video.
00:03:11.840 And with that being said, have a great week, everybody.
00:03:13.960 Take care.
00:03:14.420 Bye-bye.