I started my business in 2019, survived 5 years now and make over 400k profit yearly. I started another business this year, it’s not off the ground yet but it’s wings are flapping :)
@@michelleodell9220and can you please say in which country, how did you do market research to know you'll have customers, and did you hire employees straight away? Thank you.
Hi Michelle I’m actually looking to open grooming in 2024 and would love some tips! It would be great if you can share your email or Instagram so I’m able to contact you!
I also started a service based business but im having trouble scaling up. We got 2 employees currently and I want to ask what did you do to grow your service based business? Did you open more locations or are you charging more? or a combination of both?
I'm confused about the video though. When starting a business, you are either an entrepreneur solving a need in the market or creating an existing as a business owner. They are not the same. The goal is to create a business system (ie. Online store, retail, stall, etc) that sells a specialized unit (ie. Skilled work, a product, book, license agreements, condo, etc). It's as simple as that. Sell something with a high margin or something that is repeatable like food or rentable units. Managers are employees to ensure the business systems stay operational and in an orderly manner. Directors are top-level managers. They solve complex issues relating to customers and management (ie. Complaint, employee issues, etc). The problem is you need to differentiate the roles of managers, entrepreneurs and business owners. They are all different roles. Entrepreneurs utilize human, financial, and capital resources to create and introduce a product, service, or system that solves a need in the marketplace, and they sell and market typically in a niche industry to fulfill demand. A technician, who has a valuable skill is just a specialized unit to the business.
This video is one of the best video I'd watched on business so far. Though I've read the book, this video made me understand it more. Still coming back to watch. Thanks for explaining as humanly as possible.😊
Systems is what I am familiar with ever since was a kid. I can start my own business no problem by focusing on creating a system first. I am artistic visionary, after all.
I’ve watched this video 5 times already today! Everything is settling in! I can’t believe how much I resonate with this! Great job! Amazing job! Thank you!
I just started my business I know what I want in 5 years but it is always refreshing to hear from someone else and I can always learn something else from it Thanks for the video and it is very informative video love it Subbed
Very good video. I had a business for 17 years and hated it. Why? Because the skill level of the technician was too high so I couldn't find enough staff to stop being a technician myself so instead of just running a business I had to work as a technician as well. Very stressful. My next business will be low skilled so staff are easier to find.
Great video. I've read a big section of the book, which is a great book, but your explanation made the concepts even easier to digest. Good job. Thanks!
Understanding and balancing the entrepreneur, manager, and technician aspects can significantly streamline operations and propel a business towards sustainable success. 👍
I'm entrepreneur in adolescence way you explained. I don't even care about money, I live with family. But to start as a mature you have to own degree, get investment, have credibility etc. We know Elon musk don't started as a mature business. It's not he is not entrepreneur but because of everything I mentioned
I laughed because it’s all true. In fact people used to tell me I was wrong. Now I realize they were all Technicians. 🤣👍🏻. Great video. I got a lot of new stuff and a lot of confirmation I’m doing it right. Really appreciate it. If I may suggest. CZcams is feeding commercials every 2 minutes in this video. The commercial were over 3 minutes long in sets of 2. Could you change the commercials to chapter breaks because I spent more time watching commercials than the actual video.
I am definitely a technician. But, as an Industrial Engineer I am able to look at the whole system and am able to do the managers job easy. As far as the entrepreneur goes, I'm not quite imaginative but It's not hard to find a necessary business these days that doesn't require a lot of imagination.
This video is the best that I added it to my watch later playlist so that I can go back to this video everytime and then. I got some insights like entrepreneur is about innovation and solving problems. Finally, this video is helpful for me because it can help me prevent business failures, and belong to top 1% of business owners that run a business that doesn't fail for decades.
Thank you for making this.. im going to read the book... Heard about it many times over the years but couldnt make much out from the name... Maybe other people feel the same way.
2:15 what about horacio pagani? He too got fed up of the way of thinking of his boss and there you have it, a car made almost completely out of carbon fibre
I am _loving_ the narration! Lol Maybe some light background music (license free)? Idk. Sounds like there might be some? Lovin' all the points! Thank you for the inspiration!
I actually didn't like this video because i was like what the heck this is not me at all. But coming to the comments i realize many other people do. I guess it all depends on how you were brought up. I did have exposure to family business, but i opened mine company by myself but i knew i didn't want employees. Just me. Now im ready to open another business but i need to learn the employee part. It was a good video though. Easy to follow
I’ve created my business in 2022 but now currently stuck at $11k annually. Can’t seem to scale and stuck at the 9-5 during normal working hours. This video came right on time. 💯
✅ Good graphics and a bit of nice background music but ❌ This video is way too long and over-explained. You detailed everything in the junk drawer and then, the guy comes along with his label maker and you re-explain everything including how he finds out if all the batteries work. TMI. ❌ This video should’ve been 10 minutes max. I kept getting lost in your long, detailed descriptions. ❌ It also should’ve been less scripted and more natural sounding. You have a nice voice, but it was way too stilted and overall articulated. ✅ Here’s a suggestion. Right at the beginning give a very simple two minute explanation of what you’re going to talk about. Then going to more detail and finally, sum it up with the same thing you said in the intro. ❌❌ The thing that was constantly annoying your pronunciation of entrepreneur. It’s an ‘er’ sound but at the end. You made it rhyme with manure. ✅ it was a good effort, but I just couldn’t sit through the whole thing. Thx and good luck! -Lorne Holman in Calgary Canada 🇨🇦
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….??
VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge XIMENA4B
Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge XIMENA4B
Here is what i like about this channel:
1 Gets straight to the point
2 No interruptions
3 Gives you all the information quickly
4 Doesn't drag on
Good sarcasm
I started my business in 2019, survived 5 years now and make over 400k profit yearly. I started another business this year, it’s not off the ground yet but it’s wings are flapping :)
What business did you start in 2019??
@@HardstuckFragger I opened a pet grooming salon.
@@michelleodell9220and can you please say in which country, how did you do market research to know you'll have customers, and did you hire employees straight away? Thank you.
Hi Michelle I’m actually looking to open grooming in 2024 and would love some tips! It would be great if you can share your email or Instagram so I’m able to contact you!
I also started a service based business but im having trouble scaling up. We got 2 employees currently and I want to ask what did you do to grow your service based business? Did you open more locations or are you charging more? or a combination of both?
I'm confused about the video though.
When starting a business, you are either an entrepreneur solving a need in the market or creating an existing as a business owner. They are not the same.
The goal is to create a business system (ie. Online store, retail, stall, etc) that sells a specialized unit (ie. Skilled work, a product, book, license agreements, condo, etc). It's as simple as that. Sell something with a high margin or something that is repeatable like food or rentable units.
Managers are employees to ensure the business systems stay operational and in an orderly manner. Directors are top-level managers. They solve complex issues relating to customers and management (ie. Complaint, employee issues, etc).
The problem is you need to differentiate the roles of managers, entrepreneurs and business owners. They are all different roles.
Entrepreneurs utilize human, financial, and capital resources to create and introduce a product, service, or system that solves a need in the marketplace, and they sell and market typically in a niche industry to fulfill demand.
A technician, who has a valuable skill is just a specialized unit to the business.
Long story short. Teamwork make the dream work. Learn to use other people's skills. Specialized knowledge to get the job done.
That wasn't the message
@@andreiamuhitu159yea lol. It's about systems.
This video is one of the best video I'd watched on business so far. Though I've read the book, this video made me understand it more. Still coming back to watch. Thanks for explaining as humanly as possible.😊
Very true. I am in the middle of the adolescent phase. Very challenging. But determined to move to the next phase. This lesson will speed up things.
Thank you. Thank you. Thank you!
This is amazing. Thanks for posting.
Thank you and i hope you have a good life❤
I love this because building systems is what I do for a living.
I really needed this at a time. Thanks so much 😊
thanks for sharing this Useful and helpful video
Wow.. gave me a new perspective 🎉
Literally the best CZcams channel I've subscribed
Best Summary Ever!!! woooah you are GOOD @ IT!. Thank YOU!
This is a great presentation in a shortest time. Really love how it was explained.
Love this video. Just went into my look often playlist
Thank you so much for sharing great information 🙏🏻
This was a really good review. I especially appreciate the summary at the end. 😊
Systems is what I am familiar with ever since was a kid. I can start my own business no problem by focusing on creating a system first. I am artistic visionary, after all.
Every time I see your videos start fixing problems im facing in my business 💪🏼 thanks im gonna read the whole book 📚
which types business you aredoing dude. please reply
I’ve watched this video 5 times already today! Everything is settling in! I can’t believe how much I resonate with this! Great job! Amazing job! Thank you!
It was so informative, especially the first part opened my eyes 🙏
You never dissapoint in your videos, no bullshit, just usefull infirmations
I just started my business I know what I want in 5 years but it is always refreshing to hear from someone else and I can always learn something else from it
Thanks for the video and it is very informative video love it
Subbed
I tried reading the book. I could not get past the beginning section, but I love this video. Thank you for all your videos.
needed this!
Very good video. I had a business for 17 years and hated it. Why? Because the skill level of the technician was too high so I couldn't find enough staff to stop being a technician myself so instead of just running a business I had to work as a technician as well. Very stressful. My next business will be low skilled so staff are easier to find.
This is my stage now 😢, what type of business was it
How insightful.. Thanks alot
This video inspired me so much thank you
Making good pizza and doing business of pizza, both are different things...
Brilliant presentation. Thanks for your useful content
Really good video thanks for making it
Very useful. I like it 👍
Great video. I've read a big section of the book, which is a great book, but your explanation made the concepts even easier to digest. Good job. Thanks!
good stuff, thanks!
Extremely useful thank you.
Great video,
Both re-affirms what I knew and added new useful and usable knowledge.
Systems scale/survive/thrive.
The ego of thinking a business will fail without me is a bad one. Remember history often repeats itself. Businesses often fail due to poor leadership.
Understanding and balancing the entrepreneur, manager, and technician aspects can significantly streamline operations and propel a business towards sustainable success. 👍
Loved it ..
I'm entrepreneur in adolescence way you explained. I don't even care about money, I live with family. But to start as a mature you have to own degree, get investment, have credibility etc. We know Elon musk don't started as a mature business. It's not he is not entrepreneur but because of everything I mentioned
Thank you, ❤
Very informative as usual!
Love this video, anumated with a clear voice! thanx for your time and efforts 😊
It is a great video for groups aged 18-25.
And i am watching for my son and to guide others.
Awesome video and great intel )as per usual )
Looking forward to the next one
Today i just quarreled with my manager and my acount because we didn't understand what you have just said thanks very much
Good job … relevant and true.
The E Myth book is the best small business book I ever read.
THANK YOU
Gracias
Very useful, thank you.
Yes ! Its useful video.
I laughed because it’s all true. In fact people used to tell me I was wrong. Now I realize they were all Technicians. 🤣👍🏻. Great video. I got a lot of new stuff and a lot of confirmation I’m doing it right. Really appreciate it. If I may suggest. CZcams is feeding commercials every 2 minutes in this video. The commercial were over 3 minutes long in sets of 2. Could you change the commercials to chapter breaks because I spent more time watching commercials than the actual video.
Great
I am definitely a technician. But, as an Industrial Engineer I am able to look at the whole system and am able to do the managers job easy. As far as the entrepreneur goes, I'm not quite imaginative but It's not hard to find a necessary business these days that doesn't require a lot of imagination.
That's basically my life that's crazy, I've learned a lot ❤
Bedankt
The best video ever❤❤❤❤
This video is the best that I added it to my watch later playlist so that I can go back to this video everytime and then. I got some insights like entrepreneur is about innovation and solving problems. Finally, this video is helpful for me because it can help me prevent business failures, and belong to top 1% of business owners that run a business that doesn't fail for decades.
Thank you for making this.. im going to read the book... Heard about it many times over the years but couldnt make much out from the name... Maybe other people feel the same way.
Ok I found a gold mine with this channel
Hey Elvin, I didn't find this video in the brazilian channel. Does it take long to be translated?
This is a very nice video we have all been there, and it is exactly how it is
My small business has existed for 16 years but it’s never grown
Okay but how do you get enough money to start hiring others when making enough for yourself wears you down?
I felt this video is talking about my business. I really appreciate the great job you have done for every entrepreneur❤
Great leason
This channel binds the info from my other channels as if I discovered a magic adhesive
Like what
The perfect bussiness that never fail :
Learn to steal and lie.
Yeah but then the govt attacks you because they hate competition
Well done
perfect❤
👏
It should be illegal to be this early ....😂 ......like 5 second ago ?!
I already started my own religion/church
Undecided to incorporate with the state.
Doing so you hand over control to Uncle Sam.
Yeah I'm good.
You know what, Jeff bezos never gave up he continued 9 years then got succeeded
*1533 yes obviously 🙄 you have to be dedicated and actually work if you Start a company*
2:15 what about horacio pagani? He too got fed up of the way of thinking of his boss and there you have it, a car made almost completely out of carbon fibre
What's your point??? 😆
@@LodNuyayou've got a web browser
I am _loving_ the narration! Lol Maybe some light background music (license free)? Idk. Sounds like there might be some? Lovin' all the points! Thank you for the inspiration!
Please enable join button
This only really applies to service buissinesses.
I actually didn't like this video because i was like what the heck this is not me at all. But coming to the comments i realize many other people do. I guess it all depends on how you were brought up. I did have exposure to family business, but i opened mine company by myself but i knew i didn't want employees. Just me. Now im ready to open another business but i need to learn the employee part. It was a good video though. Easy to follow
You might know how to do the job but not know how to run the job...I gotcha 😮
1st ! 💙
ok, so, we shouldn't create expert dependent business... I'm dead xD
Your thumbnail is pass❤
The best video about business. 👍😍🔥🔥
What is the name of the book?
cash flow quadrant by robert kiyosaki
First one here
❤🎉😅Nice mit you to.✍️👐💪💟💪🧠✝️😘🎭
How can this apply to a freelance business where you and your spouse are the only ones involved?
I’ve created my business in 2022 but now currently stuck at $11k annually. Can’t seem to scale and stuck at the 9-5 during normal working hours. This video came right on time. 💯
You did not create this sentence in less than 55 seconds
@@super610how
@@super610 what?
You can do well to read the book too
It'll change the way you think about building a business
@@Jesupemiabere which book is that
✅ Good graphics and a bit of nice background music but ❌ This video is way too long and over-explained. You detailed everything in the junk drawer and then, the guy comes along with his label maker and you re-explain everything including how he finds out if all the batteries work. TMI. ❌ This video should’ve been 10 minutes max. I kept getting lost in your long, detailed descriptions. ❌ It also should’ve been less scripted and more natural sounding. You have a nice voice, but it was way too stilted and overall articulated. ✅ Here’s a suggestion. Right at the beginning give a very simple two minute explanation of what you’re going to talk about. Then going to more detail and finally, sum it up with the same thing you said in the intro. ❌❌ The thing that was constantly annoying your pronunciation of entrepreneur. It’s an ‘er’ sound but at the end. You made it rhyme with manure. ✅ it was a good effort, but I just couldn’t sit through the whole thing. Thx and good luck!
-Lorne Holman in Calgary Canada 🇨🇦
What book is this from??? I want more.
The magic of thinking big
The E Myth Revisited
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….??
VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge XIMENA4B
Great to see you guys talking of @XIMENA4B , Trading on your own can be very dangerous i can testify to that. This woman changed the game for me
Following you has been an amazing journey , you have shown me the best way to earn much better profits despite the bad economic situations, God bless you with more knowledge XIMENA4B
first
Mac d is selling jobs 😂W
Am now a millionaire for watching this CZcams channel am on my way to a billionaire
This video explains exactly nothing for an audience that knows nothing...