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Valuetainment

How The Mighty Fall - 5 Stages Before A Company Goes Bankrupt

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 5 October 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

In this video, Patrick Bet-David breaks down how the biggest businesses go bankrupt and what you can do to prevent it.


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Recommended Video: 

How to Find a Great Business Partner: https://youtu.be/mw0p7ExhLFY


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0:00 - Start

1:59 - Stage 1 - Hubris Born Of Success

3:06 - Stage 2 - Undisciplined Pursuit of More

4:29 - Stage 3 - Denial of Risk and Peril

5:23 - Stage 4 - Grasping For Salvation

6:37 - Stage 5 - Capitulation To Irrelevance or Death

10:17 - 5 Qualities Of A Great Employee


To reach the Valuetainment team you can email: info@valuetainment.com


#valuetainment  #patrickbetdavid

Transcript

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0:00.0

Love being successful is hard, but to stay successful is super, super hard.

0:05.3

Matter of fact, just recently I finished the book by Jim Collins,

0:08.1

not good to create a different one that I want to share with everybody.

0:10.2

I think everybody in today's economy has to read this book.

0:13.0

He doesn't talk about the keys to success.

0:15.8

He talks about the five stages that entrepreneurs, business owners,

0:20.4

CEOs go through that eventually causes them to go out of business,

0:23.7

and we're going to talk about that today.

0:30.9

We're about to go out of business.

0:35.0

I'm panicking.

0:35.7

This is how much money I've got in savings.

0:37.5

My employees are complaining about this.

0:39.0

I'm going through that whether it's real estate,

0:40.5

it doesn't matter many different industries that they're calling me,

0:43.5

but the book explains five stages.

0:45.9

Let me share with you what prompted us to want to make this video.

0:48.0

So many business people today that we're consulting or calling us,

0:51.3

talking about Pat, I think we're done.

0:54.1

I don't think we can do anything else right now to save our business.

0:56.6

And I'm telling you right now, 90% of people who say that,

0:59.9

you're not done yet.

1:01.7

Stage number five, for some of you that are there, you are done.

...

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