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The Playbook With David Meltzer

Making the Right Assumptions

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Careers, Business, Entrepreneurship

4.91.9K Ratings

🗓️ 29 July 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Hi everyone! Today's episode is from a Training I held at my office in February of 2019. I am going to talk about how we can make the right assumptions, and discuss with some of my employees the assumptions that they are making. Most importantly how assumptions can protect you, as well as be the catalyst on the pursuit of your potential. Please join me every Friday at 11:00 am PT / 2:00 pm ET, for my Free Training, you can text me at 949 298 2905, email me at david@dmeltzer.comor visithttps://dmeltzer.com/trainingto register!

Transcript

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0:00.0

Ask yourself, what assumptions are I making?

0:04.6

Not only to protect yourself, but also as a catalyst

0:08.6

to figure out how you can achieve even more.

0:11.8

This is entrepreneurs entrepreneurs the playbook.

0:14.0

Our perception is not in our best interest.

0:17.8

And that kind of was puzzling to me because I was under the assumption

0:21.9

that if I could control my perception then that would be in my

0:26.0

best interest.

0:29.1

And exploring assumptions I started realizing that a lot of problems in life are that we overthink things in the

0:36.8

respect that we take on assumptions but don't think about the assumptions we're

0:40.7

taking on. Let me explain. One of the best things that's ever

0:44.7

happened to me is I lost all my money. And people always ask me, well how is it you were

0:50.4

the CEO of the most notable sports agency in the world who came out with a

0:54.0

sports illustrated article about 75% of all athletes go bankrupt two and a half years

0:58.8

after they're done playing and you have a law degree from a great institution,

1:03.2

in top of your club, all these great academic things,

1:05.8

and how is it that you lost that much money?

1:09.1

What it came down to is the basis of assumptions

1:12.2

is that I had always made money but I made one assumption with my money.

1:17.0

I assumed that because I had equity in property that I always would be able to borrow against it because what bank wouldn't give a secured loan?

1:28.0

Right? And in my assumption I had not because I was still very young,

1:32.0

ever realized that banks could get into

...

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