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Valuetainment

Episode 383: Why Business Plans Don't Work For Most

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 28 October 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

Episode 383: Why Business Plans Don't Work For Most by Patrick Bet-David --- Support this podcast: https://podcasters.spotify.com/pod/show/valuetainment/support

Transcript

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0:00.0

30 seconds.

0:01.0

One time for the under down.

0:04.0

Ignition sequence star.

0:07.0

Let me see you put them up.

0:09.0

Reach the skies, let the stars up above because it's one time for the underdog one time for the underdog

0:16.8

So I want to challenge you to do something very difficult today. I've been in the

0:20.0

financial industry for a long time and one of the scariest things for your clients

0:25.0

to do in the investment world is to get them to actually look at their statements.

0:30.0

People are afraid. I don't want to look at my 401k statement why not

0:33.4

because after what happened in 2008 I'm just worried market tank then I don't even want to look

0:38.8

how much money I have why don't you want to look at much money I have I just don't want to go get a. I just don't want to go get a

0:43.4

physical. Why? I don't want to go get a blood than I have another for 10 years.

0:45.6

What if something bad comes out of it? You know? I don't want to know bad news.

0:48.6

Okay. So to everybody who's watching this, created a business plan with new your resolutions on January 1st, 2019 and you wrote a business plan in the last week of 2018 or December of 2018 I want you to go pull up your business plan.

1:06.0

Okay? It's a scary thing to do. I want you to pull it up and I want you to look at it.

1:11.0

And then I want you to mark off what percentage of the numbers that you thought

1:17.1

you'd be hitting in September you're on track to hitting in 2019. Then ask yourself as of right now am I on track to hit my goals. Now most

1:28.6

people are going to say Pat I'm not I'm not on track I don't want to look at

1:31.8

it is this I mean it's only and by the way I measure my goals are percentage

1:36.6

So if you would said you're gonna do a hundred million dollars you only did you know 58 million you hit 58 percent the goal you said you're going to do 10 million you did 6.2 million at 62%

1:46.9

a million six you know you did 600,000 60% it's all about percentage? The idea is to get your goals that you hit to be above 80%.

1:57.0

Above 80% and very few or 120%.

...

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