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10 Dumbest Mistakes Entrepreneurs Make with Their Money 

Valuetainment
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19 авг 2024

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Комментарии : 492   
@VALUETAINMENT
@VALUETAINMENT 4 года назад
Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid
@ricardobrandon5550
@ricardobrandon5550 7 лет назад
The content in all these videos is insane!!! Can't believe people pay other people to teach them this. Thank you valuetainment for changing our lives for the better.
@Prim3Pursuits
@Prim3Pursuits 7 лет назад
Totally agree with you this guy give the real thing and skip the motivational bs :P
@DreamDimension
@DreamDimension 7 лет назад
Most underrated channel out there
@blondiepianist
@blondiepianist 7 лет назад
Pretty much. While other young people waste hours watching those "popular gaming channels", etc, I'm here to change my life.
@mind-blowing9301
@mind-blowing9301 5 лет назад
yes its true
@sebastiantelegin7299
@sebastiantelegin7299 4 года назад
@@blondiepianist did you change your life though?
@locke4049
@locke4049 7 лет назад
Veluetainment had just gotten me a raise at work! Just a small one. I went from managing one store to three! thank your Pat! To everyone else keep striving! If your here your aiming to be the best.
@NMEofdaST8
@NMEofdaST8 7 лет назад
richard bogner good stuff man congrats
@marketakralova6866
@marketakralova6866 4 года назад
"Every ten years there is major crisis" *Corona enters*
@Mister_Bimmer
@Mister_Bimmer 7 лет назад
Pat I'm 23 and I just started this company in Colombia, I work part time at a call center for AT&T. I'm tired everyday, but still thanks to your videos I want to keep going with this start-up even when my relatives think it's a crazy idea because I'm starting with no money. God bless you man, you're changing the world.
@mydzparlay5185
@mydzparlay5185 7 лет назад
Jeferson Valles that is one of the craziest decision you will ever made but trust me it is worth. Getting control of you money, being independent and managing your time will benefit you mentally and financially Keep up the good work!
@dimagass7801
@dimagass7801 6 лет назад
There is a quote that I found and I really like it because it's true and it goes "I'd rather be tired than broke" and it means a lot to me and I think you might like it
@trackunji
@trackunji 6 лет назад
Loved this one!
@benhartley1184
@benhartley1184 2 года назад
How did you do (5 years later)?
@mamachhangte8037
@mamachhangte8037 Год назад
😮😮😢😢😢😮😢😢😢😢😢😢😢😢🎉😢😢😮😢
@JorgeElimKreible
@JorgeElimKreible 7 лет назад
Another dumb mistake I recognize is that when the first profits come, it is better invested them in tools which can achive to multiply work, and not the opposite.
@JConeyTX
@JConeyTX 7 лет назад
Valuetainment is a morning ritual for me. Opens my mind before beginning the day.
@Prim3Pursuits
@Prim3Pursuits 7 лет назад
Hahah for me it's the last thing I listen before I go to sleep, and I never sleep because it pumps me up XD
@Raven-fl4eg
@Raven-fl4eg 5 лет назад
Same here
@TheNinnyfee
@TheNinnyfee 4 года назад
As a corporate legal assistant I have one advice for entrepreneurs that has to do with money indirectly: don't do business with people that have a bad payment mentality and do not pay their legal team. Get out once you get that information. All of these I have witnessed over years - literally 100% - were players that don't care, went cheap and eventually out of business. And they take you with them. Always pay your legal team well for the value they provide. And be nice to the assistants, they open more doors for you. :) Thank you for the video!
@notablemind
@notablemind 7 лет назад
one of my biggest mistakes was becoming equal business partners with someone who didn't have the same world views and values as me. because of this, we couldn't respect each other's decisions , and we kept arguing . the Company collapsed
@BaldytheBear
@BaldytheBear Год назад
I love how he mentions the 2009 crisis. And 10 years later, Covid happened… this has been a huge eye opener for me
@lucentics
@lucentics 7 лет назад
thank you. greetings from Vietnam 🇻🇳 I am an entrepreneur and you know what? you inspired a generation here! Thank you and we love you, like a REAL mentor!
@calypsodevelopment282
@calypsodevelopment282 4 года назад
Im six years into my business, slow growth is good growth. 2018 and 19 I hit my goal of 100k. Now Im shooting for 250k in 2020. I get literally the best advice at Valuetainment, thank you. BTW, Im an ex felon, but Ive chabged every single aspect of my life. Thank you for being a mentor. I listen!
@ismaeljaime9531
@ismaeljaime9531 7 лет назад
i feel like, regardless of private mentoring or not the value Pat brings should be enough for anyone seeking success. this is why, valuetainment is part of my morning routine.
@aemericenglish2417
@aemericenglish2417 5 лет назад
1. wasted service - hire service mahal yg x perlu 2. Legal - ignore tax etc 3. hire not believer - either hire / investor 4. 5. liquid 6. not adding value- spend profit berjoli 7. too cheap - not hire good people in serious case 8. unrelated business 9. passive investor 10. diversify - too many advice followed
@devanshrana4564
@devanshrana4564 4 года назад
8:08 or a global pandemic....
@danielkrajnik3817
@danielkrajnik3817 3 года назад
I knew that someone will bring it up
@providingempowerment1684
@providingempowerment1684 7 лет назад
VALUETAINMENT is my favorite RU-vid channel because the VALUE it provides is off the charts and the amount of my time it takes out of the day is minimal and well worth it! I just save the 25 minute + long videos for the weekend. Keep it up guys, I am forever grateful!
@Ezekielion
@Ezekielion 7 лет назад
I watch your videos religiously. anywhere any day I'll watch a valuetainment video if it's pat talking , makes my day a whole lot better. very well spoken. so much knowledge
@punitvakil3496
@punitvakil3496 7 лет назад
the best thing about the VALUETAINMENT is its simple , straight forward & direct way of giving knowledge....
@jerimodel
@jerimodel 4 года назад
Man I learn more in 10 minutes on your videos than 20 years in traditional schools
@alextrejos2625
@alextrejos2625 5 лет назад
Pat I am eighteen from Guatemala , currently homeless , motivated each time I watch new content! God bless you !
@THELIFEOFPRICE
@THELIFEOFPRICE 6 лет назад
Amazing video man
@CanisoGaming
@CanisoGaming 5 лет назад
I'm starting my entrepreneurial adventure this week ! Wish me luck haha
@timothyofor8165
@timothyofor8165 4 года назад
I wish you luck happiness and success
@jalilmosleh3322
@jalilmosleh3322 4 года назад
Good luck brother. If you're here, you're on the right path for sure.
@moses_chandramouli
@moses_chandramouli 7 лет назад
Pat and his team are not content creators.... they are the creators of future billionaires... one day the effect of this channel will be all over the world... and i will surely meet you at least one time in my life to say thank you... love you pat & tom
@AlfoncinaMatilda
@AlfoncinaMatilda 7 лет назад
I read "Made in America" by Sam Walton per Patrick's recommendation and applied some of the strategies to one of our stores. There clients stopping in the street, pointing, asking, gushing. We had a great sales day. I couldn't believe it! Great advice!
@VALUETAINMENT
@VALUETAINMENT 5 лет назад
For detailed notes and links to resources mentioned in this video, visit: www.patrickbetdavid.com/mistakes-entrepreneurs-make-with-their-money/
@teeneditor3743
@teeneditor3743 7 лет назад
Patrick you have the BEST youtube community i have EVER seen on youtube i have never in all the video´s that i watched seen a negative comment you are a TRUE GENIUS.
@artyom9149
@artyom9149 7 лет назад
I have no word to compliment this channel . You have given so much value, and I try as much as I can to persuade my friends to subscribe to this amazing channel.
@pocketman5510
@pocketman5510 7 лет назад
NOTIFICATION SQUAD. I officially gave birth to a meme. More power to you Pat, thanks to all the consistent hard work you and the guys at Valuetainment put in. Cheers!
@Prim3Pursuits
@Prim3Pursuits 7 лет назад
Hahah I saw the notification, but I am late!!! :P
@edwardsmith1916
@edwardsmith1916 7 лет назад
Need a video on how to decide what business to start. Do I choose an industry based on an idea that I have that will disrupt the market or something that I'm passionate about?
@joelow63
@joelow63 7 лет назад
Eddy Smith try to include both of them
@joelow63
@joelow63 7 лет назад
Eddy Smith try to include both of them
@WorkingCapitalVlog
@WorkingCapitalVlog 7 лет назад
Check out our channel, we talk a lot of passion. Often the best businesses are built off of passion, disrupt the market aswell as love what you do.
@OFfic3R1K
@OFfic3R1K 7 лет назад
Passion, knowledge, opportunity. Mix and match however you want, but loving your work is a big factor in success because as you grow older and gain more responsibilities, passion will be the counterweight to those responsibilities. You won't take certain risks that you _have to take_ unless you love and believe in what you do.
@nobertstanel9428
@nobertstanel9428 7 лет назад
Watching these with loots of attention, then listening as mp3 file while exercising and before sleeping, and what i like most, when reading a book after few months,suddenly it all comes back like ,, ..hey, Valuatainment was talking about it !". Thanks guys.
@juslostone
@juslostone 7 лет назад
I usually have to search all through RU-vid looking for great tutorial or motivational substance to get my mind in the game daily. subscribing to this channel I got everything I need. this is the best channel for entrepreneurs hands down
@owel92
@owel92 4 года назад
I opened your page yesterday and the whole day today, I am listening to you. I am learning from your talk. Thanks, Pat.
@jamesgoddard7568
@jamesgoddard7568 7 лет назад
Wow... that was a real eye opener. Damn I got to brush up on a lot of knowledge to even consider getting to that level.
@pheonix4252
@pheonix4252 3 года назад
I like the way u talk n the way u do your bussiness. Thanx man. Honest n straight to the point.
@wisedigitaldesigns1534
@wisedigitaldesigns1534 7 лет назад
I like the thins you pointed out in this video, especially focusing on the value rather than just a profit. It serves you better in the long run.
@LuisMolinaX
@LuisMolinaX 7 лет назад
This content is out of this world. It is great to be able to learn from someone so experienced like Patrick and also be able to learn what they won't teach you in any University!
@dwightnkomo5900
@dwightnkomo5900 Год назад
What I like most about Valuetainment is they give me a strategy that I can use immediately. Thank you. God bless you.
@lilupamunindradasa7112
@lilupamunindradasa7112 7 лет назад
Great value! Keep doing what you are doing! People like you change the world!
@TheModernInvestor
@TheModernInvestor 7 лет назад
The worst are people who listen to OTHER people who have no idea how money works and secondly is when they have no idea how to invest their money properly. It's one thing to be able to make money non stop, but growth isn't eternal, you have to know where and how to park your money for the best results for the future.
@liliannyaranga9235
@liliannyaranga9235 7 лет назад
As a startup this video has come at an opportune moment, I was in the process of making some of the mistakes mentioned. Thanks Patrick, for the wonderful video.
@joelow63
@joelow63 7 лет назад
■■■hire believers over resume■■■ pay taxes early focus over value over profits sometimes its better to get the deal with less money but better people have active investors instead of passive(active has values) focus on 1 industry
@Iloveyou-lz7rr
@Iloveyou-lz7rr 2 года назад
That' first one!!! I've been through this July to December last year. And yes I've lost thousands...I thought I was alone. Thank you for this 🙌🏾🙌🏾
@benoitpetry7864
@benoitpetry7864 5 лет назад
You really produce some good content. I have been following you for a while and I have to say , there is no BS in your videos. Please keep it up. You're helping so many people, I guess you have no idea of the great value your bring to others. Thank you Patrick.
@ryanrivas9838
@ryanrivas9838 Год назад
Lending money or products to others is also one of the downfall of businessess and they don't pay. a lot of stress and legal battles
@nolanfisk9802
@nolanfisk9802 7 лет назад
Hello Valuetainment, could you please do a video on affirmations. Just finished watch all of you videos, minus the case studies i'm saving those for last, and taking notes. I don't recall running into a single video on affirmations but do remember some mention of them throughout your videos. Also I just have to say, holy shit. The content on this channel is so so so good. For all who are new to Valuetainment I highly recommend going from start to finish and taking notes. The value currently on this channel cannot be overstated. A big thanks to the whole Valutainment team for your time and effort. You're doing a great thing.
@myvideopaws
@myvideopaws 4 года назад
the true value of a start up is the opportunity for growth and success.
@jasontudor6729
@jasontudor6729 7 лет назад
I can think of many traps I have fallen into during my past 7 1/2 years as a residential service business owner but I think most of them came from being overly confident. Confidence does not equal competence. Don't get me wrong, I'm not gun shy when it comes to making big decisions, but I do my due diligence now. Call those references, background check EVERY potential hire, ESPECIALLY the ones with the charming personalities. Don't sign marketing/advertising contracts that you can't afford to accept zero ROI on... That's what I would say. Love your videos Patrick!
@ronitbose8462
@ronitbose8462 7 лет назад
This is the reason I keep waiting for your videos. They're the best thing on the internet right now. Thank you so much, Sir!
@aprilherrera497
@aprilherrera497 7 лет назад
I love, love your videos. I am a cash believer, big reason is I paid off my college tuition with Bartending and it was all cash now I am graduated and I have a business and your videos just sound like gold to me. Because everything you say I have done it before or I it makes sense to me. Keep making videos please. April H.
@samialjadir1438
@samialjadir1438 6 лет назад
Wow Pat. I'm a 19 year old student in engineering with a goal of getting into engineering management and hopefully starting my own business. Thank you for inspiring me...
@ajiredale789
@ajiredale789 7 лет назад
Sharing this content with associated business owners to me and they thank me for showing them Valuetainment. Amazing channel, thanks again Pat and the team that make this happen.
@brianalphonsusapayor8873
@brianalphonsusapayor8873 7 лет назад
This is gold. Can't believe you don't have 1M views. Thanks for this!
@sjnotaryservices
@sjnotaryservices 7 лет назад
Very good. Thank you! Chasing expenses, no bueno....... Value first.
@righteouswarrior7621
@righteouswarrior7621 4 года назад
Another classic from the Valuetainment team💯
@PhoenixFIN
@PhoenixFIN 4 года назад
Not evaluating. You need to constantly evaluate on what you are doing and how do you do it. I worked extremely hard for two Years in a company I had a share in and afterwards I realized we didn't have focus. Just sitting down for a few evenings and thinking our goals through, we wouldn't have pivoted for as many times as we did.
@calebfast8088
@calebfast8088 3 года назад
AMAZING video. The part about keeping all your businesses focused really stuck out for me. Top notch.
@annam9132
@annam9132 3 года назад
Watching your videos teaching more then I learned in school u are the awesome patrick
@insideshortysbrain7641
@insideshortysbrain7641 7 лет назад
Thanks so much! Pat! I'm going to start a stationary company in the next few months and I've watched dozens of your videos and I'm so excited to put what I'm learning into practice! Thank you for putting so much time and effort into these videos. I can't wait to see what you do next! Every single time I see that you've posted a video I get excited.
@530kalilatino
@530kalilatino 5 лет назад
I recently came across your videos as I am dealing with quiting my job for not being valued. Love the PHP name I also share the value of people capital. Let me elaborate my story and how it connects in relation to this video. I took on a job with a company where I helped bringing solutions to problems. I did all the purchasing for supplies needed for manufacturing , dealt with vendors , drivers , sales people, customers and internally engaged daily with other workers to help solve any problem in front. Many times not knowing how but based on the connection and people I delt with I knew who to contact. I gave my 2 weeks resignation because they saw me as $ sign & fell short and cheap to compansate. In other words im a believer not just a resume. I see that you think different I can identify with that , I see value where nodody even looks at and I am disruptive. For example I believe most people in jail are the ones can make the world a better place. The reason for that is simple they all think different and since the first years of education they start getting in trouble because no one understands their behaviors , they get stigmatized in the system all the way trough high school where the way they release the frustation of being social rejects ussually gets them in trouble with the law until it becomes higher crimes. How does this relate to this video? Predictibility - The ones that think different and are disruptive are also the most creative. Imagine putting the business of prison out of busines?
@ianatharealtor6362
@ianatharealtor6362 2 года назад
Pat, thank you for all your content. It’s extremely practical. Appreciate you. Thank you
@MicroJSB
@MicroJSB 3 года назад
It seams you do your job accurately well. Thank you for all your advice!
@joseg.zelaya3659
@joseg.zelaya3659 7 лет назад
Always strong! Have a powerful day
@Radiance1324
@Radiance1324 Год назад
Learning so much from these videos. Thank you Patrick
@PanagiotisRafail
@PanagiotisRafail 7 лет назад
Great advice especialy for people who just starting out making some money with their businesses
@bkcellularking6772
@bkcellularking6772 4 года назад
Pat thank you for servicing the business world with your knowledge. I watch all your videos and help spread the news that you have a great channel. I love the messages.
@lennytheburger
@lennytheburger 4 года назад
8:06 "2008, but now we could have another crisis, oil, something else" 2020: yes
@sunnyarora3557
@sunnyarora3557 4 года назад
lol who knows just save same cash
@JaiGurudev108
@JaiGurudev108 7 лет назад
What about making a video about 10 Best Things Entrepreneurs Make with Their Money? I would love to see that
@kristoffjones9162
@kristoffjones9162 5 лет назад
MAJOR KEYS ! Thanks for the value
@kennymanesse
@kennymanesse 7 лет назад
great advice. definitely true about hiring believers vs resumes. wasted many months on "great resume" employees.
@yuvrajagarwal6816
@yuvrajagarwal6816 4 года назад
Idk if I love cash.... But I do love buying and keeping silver and gold
@webmaster2051
@webmaster2051 7 лет назад
hi. biggest mistake I've made was being in a partnership with a guy who only care about himself and not the business...eventually he even steal from our busi ess. Lesson learned. Know your business, do your homework and always know your people.
@Tloosesales
@Tloosesales 7 лет назад
I'm in the process of starting a Business. These videos have helped me so much
@salahuddinmuhammad3251
@salahuddinmuhammad3251 2 года назад
Please do a video on safely hiring a legal team. Maybe even accountants. Thank you.
@louiec9534
@louiec9534 5 лет назад
I love this channel. I love how you explain everything and written down on the board and make an example of everything !!!!!! super easy to follow and understand! thank YoU!
@JP_AZ
@JP_AZ 7 лет назад
Great Content Pat! Common mistake is guys who wanna look like ballers/highrollers and buy shots for all their friends and bottle service, etc...
@rebeccatennison6175
@rebeccatennison6175 7 лет назад
Loved It PBD! You literally just saved me from doing business with an investor and throwing money away with a marketing consultant! 😀 Thank you, for posting this!!! Much love.
@doganulusoy5014
@doganulusoy5014 7 лет назад
Patrick you said making money is easy. So I start with easy stuff, make money than make mistake :) Love from Paris
@tudotugapodcast6136
@tudotugapodcast6136 7 лет назад
This video is awesome. So important to have cash flow properly managed and allocated in a start-up and every start-up will still make some of these mistakes, but it's good to learn from them! Good controller or CFO will also help with this once you can afford one.
@tguwop242
@tguwop242 7 лет назад
I watch a few of your videos everyday! You inspire me. My company will definitely grow because of you!
@ZKhweziN
@ZKhweziN 6 лет назад
THANK YOU!! I've been running my business for 17 years now, and everytime I'm asked to diversify I say NO!!! It's a luxury of the rich. There's still WAY too much growth still within my industry before I can even entertain splitting my attention.
@demisemedia
@demisemedia 7 лет назад
Patrick you are a freakin' GENUIS!!!! VALUEtainment has to be one of the BEST brand name ever!!! Hehe
@VALUETAINMENT
@VALUETAINMENT 7 лет назад
+DemiseMusic&Entertainment thanks. Much 💜.
@illumANark
@illumANark 7 лет назад
a lack of real due diligence is a major mistake many fall to
@KagisoMogaole
@KagisoMogaole 7 лет назад
Thanks Pat, this is very helpful. I overlooked most of these points in my business journey. The diversifying point was another eye opener for me. May God bless you as you continue to share with us your knowledge and wisdom. Once again, thanks!
@savagerogue7725
@savagerogue7725 7 лет назад
Damn only 22 dislikes, that's impressive. It's nice to see that kind of positivity
@the_mixed_priincess9812
@the_mixed_priincess9812 7 лет назад
I'm in high school and you guys inspire me for the future business I'd love to do.. thank you so much
@SHE3e23
@SHE3e23 7 лет назад
This is pure gold. Thank you, Pat & Co.
@milburgopalomino9444
@milburgopalomino9444 6 лет назад
Automotive loans industry bubble is the next crisis. Very similar scheme as subprime loans in 2008 with housing, but applied to cars and steadily growing for around 20 years now.
@troytedesco2728
@troytedesco2728 7 лет назад
Great job Pat 👍. Keep on the teaching.
@StasTalksStocks
@StasTalksStocks 5 лет назад
These videos are so valuable!!!
@yixtraining3735
@yixtraining3735 7 лет назад
Best entrepreneur content on youtube hands down! keep it up !!
@magbaral
@magbaral 7 лет назад
I am glad I read Barbarian to Bureaucrats Pat, you can see the world in a completely different way. and with the unrelated business topic It was like you took an example out of that book. Thanks for the knowledge ;)
@ianbernardoful
@ianbernardoful 5 лет назад
Woooow the audio completely changed in this video! Awesome!! 👏
@jesuscampos1186
@jesuscampos1186 7 лет назад
Greetings from NYC!!!!!!!!!!!!!!! Love your videos Pat!
@BillWidmerBlog
@BillWidmerBlog 7 лет назад
Great video man been watching you for months now. You're getting a lot better!
@Loantt83
@Loantt83 3 года назад
One of my fav videos 🥰 and you’re absolutely right , I’m coming from the future telling you that 2020 is that 20 year crisis you mentioned in this video 😭😭
@joyosaha7428
@joyosaha7428 7 лет назад
Loved this! You're the Spark that started my Entrepreunal Journey!
@WorkingCapitalVlog
@WorkingCapitalVlog 7 лет назад
Hi Joyo, check out our channel too if you want to watch our entrepreneur journey as it unfolds.
@baldeepbirak
@baldeepbirak 7 лет назад
Solid advice. Will keep this in mind. Many thanks.
@christiansaab9044
@christiansaab9044 7 лет назад
Thank you very much Mr. Bet-David.
@michaelkerns6666
@michaelkerns6666 7 лет назад
I love your channel! Just starting my company, just collected my first check first person I called was my accountant!
@mikejcarthy
@mikejcarthy 7 лет назад
Another excellent video Pat!
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