MILLIONAIRES EXPLAIN: How To Start A Business From Scratch (w/ Patrick Bet-David)

JOIN THE $2K CHALLENGE HERE (It's free, but spots are limited): https://2kchallenge.com

I sat down with Patrick Bet-David to discuss how to start a business with $0, hope you enjoy!

Patrick's channel: @VALUETAINMENT & @PBDPodcast

TIMESTAMPS:
00:00 ???? The $2K Challenge
00:41 ???? Shadow experienced industry leaders for insight, not just success, and learn from their wins and mistakes.
01:53 ???? Negotiating equity after increasing value can lead to ownership or leverage elsewhere if declined.
03:30 ???? Define your ambition within a role: leadership or support, and excel accordingly.
05:37 ???? Leaving comfort for growth often yields rewards, even if initially uncomfortable.
05:51 ???? Sequencing matters: passion might not always align with financial success.
11:49 ???? People skills, conflict resolution, and keeping promises are universal business assets.
14:54 ???? Personal branding on social media is crucial today for credibility and connections.
17:18 ???? Networking is about value exchange; even small gestures can lead to significant opportunities.
19:23 ???? Faking it till you make it might work temporarily, but the market tends to expose inauthenticity, especially today.
20:05 ???? "Future Truth": declaring future successes is fine, but consistent progress is necessary to uphold those claims in the future.
21:16 ???? Making commitments you can't keep in business can severely damage credibility and relationships in a brutal market.
21:30 ???? Having an exit plan isn't necessary at the start, but evolving goals and visions over time is crucial for sustained motivation.
22:12 ???? Beyond money, finding a deeper purpose and mission often emerges during the journey of business development.
23:34 ⏳ Immediate financial success isn't the focus at the outset; long-term visions can take decades to achieve.
24:02 ???? Establishing upfront agreements and responsibilities in partnerships can prevent future conflicts or uncertainties.
25:10 ???? Having a clear hierarchy or a designated decision-maker in partnerships can streamline operations and avoid deadlock situations.