MILLIONAIRES EXPLAIN: How To Start A Business From Scratch (w/ Patrick Bet-David)

I sat down with Patrick Bet-David to discuss how to start a business with $0, hope you enjoy!

Patrick's channel: @VALUETAINMENT & @PBDPodcast

TIMESTAMPS:
00:00 💸 The $2K Challenge
00:41 🏢 Shadow experienced industry leaders for insight, not just success, and learn from their wins and mistakes.
01:53 💼 Negotiating equity after increasing value can lead to ownership or leverage elsewhere if declined.
03:30 🌟 Define your ambition within a role: leadership or support, and excel accordingly.
05:37 💸 Leaving comfort for growth often yields rewards, even if initially uncomfortable.
05:51 🌈 Sequencing matters: passion might not always align with financial success.
11:49 🤝 People skills, conflict resolution, and keeping promises are universal business assets.
14:54 📱 Personal branding on social media is crucial today for credibility and connections.
17:18 🤝 Networking is about value exchange; even small gestures can lead to significant opportunities.
19:23 🎭 Faking it till you make it might work temporarily, but the market tends to expose inauthenticity, especially today.
20:05 🌟 "Future Truth": declaring future successes is fine, but consistent progress is necessary to uphold those claims in the future.
21:16 📉 Making commitments you can't keep in business can severely damage credibility and relationships in a brutal market.
21:30 🚪 Having an exit plan isn't necessary at the start, but evolving goals and visions over time is crucial for sustained motivation.
22:12 🌌 Beyond money, finding a deeper purpose and mission often emerges during the journey of business development.
23:34 ⏳ Immediate financial success isn't the focus at the outset; long-term visions can take decades to achieve.
24:02 🤝 Establishing upfront agreements and responsibilities in partnerships can prevent future conflicts or uncertainties.
25:10 🛠 Having a clear hierarchy or a designated decision-maker in partnerships can streamline operations and avoid deadlock situations.

[inmate]

Starting a business is stupid easy. Making it a successful business that get you to your dream life well that takes more than can be taught

[GuruChaz]

I'm less than 8 minutes into the video and I had to pause for a second. I'm already thankful this interview took place and this information is going out to the masses. I am truly impressed and appreciative and proud to be a viewer since Mark and his son showed up on You Tube. All you guys in your 20s especially need to listen to this. - Rob from Texas

[gooyi]

Patrick I love your way of providing advice, no bs, no show, you seem genuine

[TheVictorLoyiso]

Mark is dressed like the guy about to hire you. Patrick is dressed like the guy about to fire you 😂

[simsinacafe]

Valuable 26 minutes, appreciate that Mark didn't interrupt or hyped the conversation too much like much younger interviewer out there.

[gmpnvbm]

The production quality is absolutely gorgeous, really enjoyable to watch! Would be awesome to have that quality in every video from now on!

[Sean-gjef]

Patrick is a very interesting person who gives some great perspectives. 10/10 for this one Mark.

[yasin]

i quit my job and worked free for a successful businessman for 18 months. I defaulted my mortgage, lost my house, wife and kids. The business went bankrupt and the guy is now a youtuber showing ppl how to start a business

[greenmidas]

Very good talk. I love when other people talk about what’s going on in my head

[Karen.c.h]

Great podcast. A side note Mark, the dr from the events of Blackhawk down Dr Marsh is the most compassionate dr ever. He was my dad’s dr and even made home visits. He still practices.

[vangelis.oikonomou]

That was fantastic! I thoroughly enjoyed it!!

[ACE-knvc]

Two of my favorite YouTubers in one video. I love it.

[dylan]

I discovered PBD about a year ago and think he's one of the smartest, coolest, likable people I've ever 'met' through the internet.

[samtx]

Mark excellent discussion with Patrick. Patrick your sage advice is 🔥

[auronbasha]

The only time where there is no BS, no marketing but straight to the discussion 😊

[marunosick]

Really interesting podcast, I appreciate Patrick mindset and how he speaks and behave.
Didn’t know about Mark but I’m glad I’ve seen this podcast

Thanks Mark and Patrick for the knowledge I wish I have mentors like you guys 🙏🏽🙏🏽🙏🏽

[mrw]

Some great advice from PBD. Make the money first, then pursue your passion. Be knd and engaging, people will forgive your mistakes. I always tell people if I got what I deserved for all my mistakes I'd be in prison and staying there for a long time.

[voiceout]

Thanks guys for the show🙏🏼 Patrick is the man👌🏽

[AlkhaalEnterprise]

Thanks Mark. This is a phenomenal interview for the come up.

[hambonetunes]

This is great! I am interested in making music but I work as a software engineer to fund it. It takes all the pressure off and makes it that much more enjoyable. If it goes somewhere great, if not, then that is okay too.