Valuetainment - September 05, 2020


Your Next 5 Moves As An Entrepreneur


Episode Stats


Length

6 minutes

Words per minute

189.18074

Word count

1,210

Sentence count

94

Harmful content

Misogyny

1

sentences flagged


Summary

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

LeBron James and Maverick Carter just raised $100 million to start a new black media company called Spring Kill. What are his next 5 moves as an entrepreneur? What are they? What could they be?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
00:00:00.000 I'm Patrick, we're going to be your host of Value Tim, and today we're going to talk about
00:00:24.860 your next five moves as an entrepreneur.
00:00:26.860 So LeBron James and his best friend Maverick Carter just raised $100 million to start
00:00:31.080 a new black media company, unapologetic black media company called Spring Kill.
00:00:36.380 By the way, brilliant move and brilliant timing on LeBron James and Maverick Carter to do
00:00:42.980 it now because they kind of looked at Robert Johnson, founder of BET, he's worth around
00:00:47.060 $600 million today, LeBron's worth about $480.
00:00:50.180 Starting a media company at a time like this, this could turn into something really, really
00:00:54.420 big because if we were to talk about a black media company today that reports on the news,
00:00:59.740 who are you going to think about?
00:01:00.640 There's nothing to be thinking about.
00:01:02.180 Genius right there.
00:01:03.060 So LeBron James, if we were to assess his next five moves, what's he thinking about?
00:01:08.720 Whose playbook did he take?
00:01:10.280 Well, I'm going to go be the greatest basketball player of all time.
00:01:13.360 Michael did this.
00:01:14.060 He went and owned the team.
00:01:14.860 Kobe's doing this.
00:01:15.480 Magic did this.
00:01:16.240 Maybe I'm going to take a little bit from this.
00:01:17.580 He took a little bit from Trump on how Trump becomes a president because media, a little
00:01:22.240 bit from Bloomberg because Bloomberg owned a media company to take his route.
00:01:25.800 So could there be that LeBron's next five moves may be at 18 years old, he's coming
00:01:30.720 out saying, I'm going to go out there and be one of the greatest basketball players of
00:01:34.360 all time, if not the greatest.
00:01:35.840 Okay.
00:01:36.420 He's going to score the most points.
00:01:38.020 He's going to be the first basketball player ever to play on the same team with his son.
00:01:41.500 What if that happens with him and Bronny?
00:01:43.300 History.
00:01:44.100 40,000 points.
00:01:45.000 Maybe you win a chip or two with the Lakers, maybe get your five.
00:01:47.940 So number one move that he had was be the greatest basketball player of all time, which
00:01:52.380 that gives you a bigger platform.
00:01:54.020 You can't become LeBron Jims if you're not the greatest at what you're doing.
00:01:58.080 He did that.
00:01:58.680 Number two, what's his next move?
00:02:00.200 After basketball.
00:02:01.240 Well, maybe we start a media company while I'm going about basketball.
00:02:04.660 Check.
00:02:04.940 He just did that.
00:02:06.020 Number three, after I leave the NBA, maybe I buy a basketball team similar to what Mike
00:02:11.040 did.
00:02:11.520 Check.
00:02:11.800 He's going to do that.
00:02:12.500 Then I'm going to be a billionaire, but not just to be a billionaire because I want to
00:02:16.400 go play sports, but because I'm going to be a billionaire to have that money and be
00:02:19.740 able to use it to do something bigger, which could lead to what?
00:02:23.340 Could LeBron James end up wanting to run for office one day?
00:02:26.340 I don't know.
00:02:27.100 I'm speculating.
00:02:28.240 But if LeBron James had his five moves in place, those may be some of the things that
00:02:32.440 he's doing.
00:02:32.820 So now your next five moves, that's LeBron James, right?
00:02:35.580 We can look at a lot of different people's five moves and kind of go through their career,
00:02:40.700 whether it's President Barack Obama or Trump or Musk or Bezos or Zuck or a lot of these
00:02:45.980 guys.
00:02:46.660 But what are your next five moves?
00:02:47.900 So for me, a lot of people ask me and say, Pat, I know you wrote this book called Your
00:02:52.100 Next Five Moves.
00:02:52.700 I can't wait to get a copy of it.
00:02:54.400 But what should my next five moves be?
00:02:56.560 What should I be doing?
00:02:58.000 You may be somebody that's not fully clear on what you want to be doing.
00:03:00.940 What should your next five moves be right off the bat?
00:03:03.920 I can give you a simple playbook right off the bat.
00:03:06.620 Move number one, study industries and choose one.
00:03:10.520 Listen, LeBron chose one industry, which is what?
00:03:14.860 Basketball.
00:03:15.900 Trump chose one industry, which is what?
00:03:18.680 Real estate, okay?
00:03:20.600 Zuck chose one industry.
00:03:22.380 All of these, Rock chose one industry is going in.
00:03:25.860 And then from that industry in wrestling, he expanded into movies.
00:03:29.220 Then movies is expanding.
00:03:30.780 So he started off football, Miami Hurricanes, then wrestling, boom, wider.
00:03:34.400 Then boom, movies, wider.
00:03:35.840 But you choose one industry at first to become the best at, then you have a lot of opportunities.
00:03:40.500 LeBron's basketball, Trump's real estate, what's yours?
00:03:43.040 Choose one industry.
00:03:44.520 Second thing you do once you choose the industry is who is the best person in that industry
00:03:49.760 for you to go work with closely so you can learn every single thing this person is doing
00:03:56.680 in that industry.
00:03:57.820 So you go work for them if you can, or you go study the best ones if you can.
00:04:02.680 So those are the second move that you have.
00:04:04.040 What's your third one?
00:04:05.040 When you work with this person that's the best in the industry, guess what you do?
00:04:10.160 Become so valuable for them.
00:04:12.800 Become so valuable to them.
00:04:14.600 Do whatever you can to help them out.
00:04:16.740 Whatever you can.
00:04:18.020 Bring so many different opportunities for this person and help them advance.
00:04:22.000 Because what's your move number four?
00:04:24.520 Move number four is, one of two things are going to happen with you.
00:04:27.680 When that person leaves, you can replace them.
00:04:30.460 Or when you're moving up, you can ask that person and say, listen, I know you've got a
00:04:33.160 lot of things going on right now.
00:04:34.100 Help me.
00:04:34.440 Let me run this company for you.
00:04:35.960 Let me run this business for you.
00:04:37.080 You're running five companies.
00:04:38.000 Let me run one of them. 0.80
00:04:39.140 Let me get equity here.
00:04:40.500 But that person's going to look at, and you're going to be the most trusted advisor and an insider,
00:04:44.340 royal person like you.
00:04:45.840 A lot of opportunities are going to come your way.
00:04:48.300 And if it doesn't come your way, guess what you do at that time?
00:04:51.020 Go start your own deal.
00:04:52.240 That's the simple playbook of five next moves.
00:04:54.500 Choose an industry.
00:04:55.820 Go partner with the best person in the marketplace.
00:04:58.260 Become so valuable to them.
00:05:00.200 Ask to run one of their companies or own equity.
00:05:02.420 And if they say no, you go start your own company.
00:05:05.320 That's a simple next five moves.
00:05:07.620 By the way, there's five moves for college graduates.
00:05:10.280 There's five moves before you get married.
00:05:11.660 There's five moves for parenting.
00:05:12.900 There's five moves for developing leaders.
00:05:14.580 Everything is about your next five moves.
00:05:16.620 So today, I shared with you potentially LeBron's next five moves.
00:05:20.980 Again, I'm speculating.
00:05:22.380 Then I shared with you what I would be doing if I'm you at some point saying,
00:05:26.420 I want to go do something big with my life.
00:05:28.200 That's your next five moves.
00:05:29.120 Thanks, everybody, for listening.
00:05:30.760 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
00:05:35.360 Give us a five-star.
00:05:36.800 Write a review if you haven't already.
00:05:38.260 And if you have any questions for me that you may have, you can always find me on Snapchat,
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00:05:44.220 Just search my name, PatrickBitDavid.
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00:05:50.960 With that being said, have a great day today.
00:05:52.760 Take care, everybody.
00:05:53.480 Bye-bye.
00:05:53.780 Bye-bye.