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Mike Cernovich Podcast

The Biggest Business Mistake People Make

Mike Cernovich Podcast

Mike Cernovich Podcast

Business

4.8943 Ratings

🗓️ 26 June 2016

⏱️ 31 minutes

🧾️ Download transcript

Summary

What is the biggest business mistake people make, and how can you avoid it? I also discuss knowledge, wisdom, and why you shouldn't argue with people once you're over 30.

Transcript

Click on a timestamp to play from that location

0:00.0

And we are back. This is Mike Sternrich from Daintram Play,

0:03.4

the Gorilla Mindsette with an Ask Me Anything podcast covering wisdom

0:09.0

intelligence judgment business yada yada.

0:14.0

So I answer these on Twitter, and now I'm going to answer them here

0:18.6

in more detail, and with more elaboration.

0:21.7

I think that's how you say that, right?

0:23.0

I'm going to elaborate.

0:24.4

You wouldn't say that I'm doing more elaboration?

0:27.4

I don't know.

0:28.9

Something for you guys to think about.

0:30.4

That'll be my ask you anything. If I'm going to elaborate, what would I say? I'm giving you answers with more elaboration. That'd be right. All right, let's get going. First question, Mike, how did you know Gorilla Minds that was going to be a big success? Well, hey, thanks for calling it a big success. I appreciate that.

0:50.3

Here's why. Here's what I did and then we'll go to like the bigger principle all right?

0:54.0

I had a blog I didn't think you could make any money off a blog

0:58.0

you know I didn't have any idea what I was doing but then I learned how to read Google Analytics, I learned how it searches optimization, and I learned, oh, if people are searching for information, then they will pay for it.

1:10.0

Now, that goes to the big business principle that people people mess up man.

1:17.0

So here's business you either you're either meeting an existing demand or you are creating an entirely new market.

1:25.8

That's all there is to it. You know you learn an Econ 101 price is

1:29.7

determined by what supply and demand, more demand, higher price, right? But that presuppose is that there's

1:36.5

a demand for your product. I think my buddy Chris Diyotis of good looking lose or had a great post talking

1:41.0

about, you know, the importance of demand.

1:44.0

And it's one of those business lessons, a lot of people just overlook people, like,

1:47.2

I got a great idea for business.

...

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