10 Reasons You Have High Blood Pressure in Business
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 9 February 2021
⏱️ 21 minutes
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Summary
In this video Patrick Bet-David breaks down things in your business that will give you high blood pressure.
Watch the video here: https://youtu.be/GZ9gfxoFs10
Transcript
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| 0:00.0 | This right here, what I'm holding is what you call a portable blood pressure monitor, right? |
| 0:03.4 | So, which means you're at the office, you want to get your blood pressure, you're in the |
| 0:05.8 | road, you're traveling, you just take it out, boom, measure, you're so high, it's made |
| 0:09.3 | you, it's low. |
| 0:10.3 | And the reason why I'm showing you this is because there's a lot of things you can do as |
| 0:12.8 | an entrepreneur, see sweet executive, salesperson, or CEO, that can increase your blood pressure. |
| 0:19.2 | And today, we're going to cover what those things are that could cause your blood pressure |
| 0:24.0 | in your business to go up. |
| 0:30.3 | So point number one, which is a story of a CEO I spoke to last week that prompted me |
| 0:33.8 | wanted to make this video. |
| 0:34.8 | So this is running a business that's soon $5 million a year, who he bought the business |
| 0:39.3 | from his dad when it was only doing a million dollars a year. |
| 0:41.7 | So he's got a business on paper, the sky's killing it, he took his dad's business, he |
| 0:46.7 | five X did, however, the dad, when he had it at one million, he was netting six percent |
| 0:52.0 | ebit of small margins, which is only $60,000, but the son takes it over, takes it to five |
| 0:56.8 | million and his margins go to one percent, which is $50,000. |
| 1:01.3 | So a one million dollar business was netting more than a five million dollar business, |
| 1:05.6 | exactly. |
| 1:06.6 | So I said, how did this happen? |
| 1:07.6 | He said, I don't know. |
| 1:09.1 | I said, how stressed that are you? |
| 1:10.4 | He said, Pat, very much so. |
... |
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