Valuetainment - August 02, 2021


What You Can Learn From Netflix


Episode Stats

Length

3 minutes

Words per Minute

210.8508

Word Count

684

Sentence Count

38


Summary


Transcript

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.