Don’t Become an Entrepreneur if You Hate This

Valuetainment

Valuetainment Episodes

Business

4.8 • 1.7K Ratings

🗓️ 8 February 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

In todays video Patrick Bet-David talks about the spirit of competition and why those who don’t compete in the market place need to step aside.

Watch the video here: https://youtu.be/fppZDBmvEWc

Transcript

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0:00.0	If you're currently experiencing a plateau with your business or not happy with the results,
0:03.8	there's a reason for that.
0:04.8	So I want to read you two quotes from two folks executives who did very, very well for themselves.
0:11.4	Let me start off with one.
0:12.6	His name is Thomas Watson, former CEO of IBM, said this decades ago about running a company.
0:19.4	He said whenever an individual or a business decides that success has been attained progress
0:25.9	stops.
0:26.9	Meaning, if you think you've already made it, guess what?
0:30.6	Progress is going away.
0:31.6	The second one is a former CEO of General Motors Alfred Sloan once said the following,
0:38.5	this guy was on a cover of TimeX and I'm talking into 20s, maybe 1926, said the following
0:43.4	about competition.
0:44.4	He said, there is no resting place for an enterprise in a competitive economy.
0:50.7	Let me read this one one more time slowly.
0:53.6	There's no resting place for an enterprise in a competitive economy.
0:59.3	So what do these two things mean?
1:00.9	So first of all, Thomas Watson talked about what?
1:02.6	He said the moment he thinks success has been attained progress stops, right?
1:07.0	Alfred says there is no resting place in a enterprise in a competitive economy.
1:13.8	What do you mean by that?
1:14.8	Here's what it means.
1:15.8	So if you choose to build a business and go out and compete in a market place, if you
	...

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