[Music] so I got a message the other day on Instagram and a person said Pat I’ve been following the content for a couple years but men no matter how much I get after it it just doesn’t happen for me I’m not making my money and I said listen I want you to understand maybe you’re a terrible entrepreneur and this person says oh my gosh I cannot even believe you were saying something like this because what do you mean I’m a terrible entrepreneur would you let me know wanting to do this episode today and this may be a pep talk to you and I’m specifically talking to people that have been around for less than five years as an entrepreneur some of you that I’ve been on for a long time but your business isn’t popping we’re gonna really figure out if you’re an entrepreneur or not and by the way any questions or thoughts comment below and if you haven’t subscribe to the channel click on the subscribe button let me give you the first one here that’s gonna stink maybe you’re a terrible entrepreneur because you are full of shit is what you are and let me explain to what I mean by you’re full of shit everything that comes out of your mind you’re trying to convince everybody how committed you are but you are not committed you’re full of it you’re trying to fool everybody into believe in you and no one believes you because even you don’t believe your stuff when you say stuff to other people of course you’re not gonna make in the world of business maybe you want to just go back and get a job let me give you the second one you really think you’re Steve Jobs or Elon Musk you think Steve Jobs any llamas came together and put their chromosomes together and boom they created you and you’re this perfect kid who’s got all the greatest ideas and thoughts and no one’s as smart as it is as you are you’re not Steve Jobs you’re not a llamas do you know when you’ll be considered Steve Jobs or Elon Musk probably when you die or maybe 10 20 years from that’s gonna take a very long time when other people say that about you then it becomes a reality let me give you the third one here do you think you know everything you think you know everything just because you read several books if you read blue ocean strategy you let read written Lean Startup you read a book over here on the principles by Ray Dalio and you read Michael Porter comparison you read some of these books and oh my gosh I have a degree from this and you don’t understand listen believe me you don’t know everything when you have there’s certain things in life that don’t come with a manual parenting is one of them being an entrepreneur is another one there’s a lot of curveballs that comes into place so when you go with the attitude of thinking you know it all and all of a sudden you realize you don’t boom you’re wiped out of the business here let me give you a fourth one you are terrible with money what do I mean by you’re terrible with money you don’t even know how to handle your own money you your expenses are not covered you you’re late on your cell phone bill you’re late on your car bill you’re late on everything rent you’re later mondo you’re everything you’re late on everything you’re doing and you’re trying to be a business so do you realize how much your brain is consumed with everything being made under panic management decisions because you’re a freak has your money issues are not writing you try to go build a business for yourself though still doing good together this isn’t an idea but let me go put everything I have on my credit cards and constable my business believe me I have that from experience and it didn’t work those things don’t work I was in a real entrepreneur when I was calling myself an entrepreneur and maybe you are not either maybe you need an upgrade let me give you the fifth one here you talk down to people everybody that works for you think like they owe you everything you you’re bossing in Marana you’re getting this whole boss hashtag idea and you’re putting instagram bosses if you’re a boss you’re not a boss bosses are not entrepreneurs bosses are managers you don’t go out there and become an entrepreneur call yourself a boss you’re not a boss and entrepreneur everybody else is your boss everybody tells you what to do I don’t come to work and tell people what to do they tell me what to do they give me different things that we need to be doing a nice process issues with them and we figure out which to do something together do you think a business is gonna be built without the people that are really building a business yes you’re the founder yes you could be the entrepreneur but you think you’re bossing everybody everybody talking down at them and tell them all this other stuff like they’re gonna want to work for you long term it doesn’t work that way maybe you’re not ready to be an entrepreneur you need an upgrade let me give you the next one you’re point number six you think your idea is unique like you really think your ideas the greatest thing since sliced bread at this point here’s one thing you got to realize most ideas have already been thought of by somebody else hey this is not the most ridiculous you didn’t have this aha moment and you had all this stuff and all of us in your idea came out and you know your best friend sat down and said oh my gosh ooh the most ridiculous guy that comes up with insane ideas relax it’s a good idea it’s not a crazy idea the implementation is half the battle of coming up with the idea but your idea isn’t as crazy as you think it is implementation and what you do afterwards on your execution could pass validate that your idea is a decent idea as long as there’s a leader behind it to drive this great idea of yours that you came up with let me give you the next point here you panic very easily the slightest thing happens you panic some happen with President Trump and Kanye West said make America great again oh my gosh it’s the end of the world all of a sudden Kim Kardashian comes out with it you know maybe this picture she posts on Twitter oh my goodness did you see Kim car did you see what happened over here did you see what the market said did you see what dispersed everything to use panic somebody quit oh my gosh this person is all about on everything this panic panic panic panic panic panic panic you know what it is to work around somebody that’s panic all the time it drives that person insane it is very insane to be around somebody that constantly panics the purpose of being an entrepreneur is you know how to hold it together emotionally stable it’s okay we’ll figure it out everything’s gonna be okay and then you gather thoughts and you figure out a way to have the solution to move forward next point here for you number eight you are constantly seeking this thing called work/life balance that doesn’t exist and you want to call yourself an entrepreneur it’s like saying hey I really want to make it into the MBA but dude I want to play video games and kick in and sleep and all day but I still want to get into the NBA it doesn’t work that way there is no such thing as work-life balance when you’re trying to do something that a very small percentage of people in the world do there’s only 500 people in the NBA it’s not like a million people in the NBA there’s only a few hundred billionaires you know let’s say 2000 billionaires it’s not like it’s a million billionaires yes there’s millions of millionaires but that millions of millionaires is one out of 300 which means you’ve really got to get out there and work you you can be seeking work/life balance too early it doesn’t work out that way this whole thing about wanting to have the lifestyle and the cars and the Ferraris and the Rolex and the jewelry and the looks too early that is not the mindset of an entrepreneur that comes later on delayed gratification number 9 you want quick money doesn’t work that way there is no such thing as quick money in business money takes a while especially if it’s a legitimate business now you’re building I’ve seen a lot of people make a lot of quick money and I’ve seen a lot of people have a quick bankruptcy as well because they quick money those two don’t go together typically solid businesses takes a lot takes a while to build because you got to go through a lot of issues challenges and as you’re going through that the real development of it is not the business it’s you the leader is becoming a better leader and the business keeps getting better and better and better as you become a stronger leader the tenth one for you you hate to be wrong and let me break it down how it is to be an entrepreneur and entrepreneur doesn’t wake up and saying I have to be right today because I have a degree and I better be right today it doesn’t work that way you’re wrong most of the time however when you’re right at one time and you really are right at one time and you do it right for a few years at one time that’s when all of a sudden you get this big victory of a million ten million one hundred million maybe a billion dollars or some people that are in a marketplace that’s got a lot of opportunity expense so now that you heard tenable have I hurt your feelings do you hate me right now are you upset are you gonna call your mom and say this man named Patrick may live it on YouTube hurt my feelings I don’t like this man I still like him I don’t like him anymore listen sometimes someone like me because your parents may not do it because to your parents you’re the most incredible thing since sliced bread sometimes your spouse won’t do it although your wife may send you this video if you get this video from your boyfriend or girlfriend they’re trying to tell you something just so you know this it’s not like oh babe I think you’re gonna like this video you’re trying to tell you babe you got to get your act together because one of these 10 things is you but hopefully you’re watching this you’re not gonna have an ego so big that no one can tell you that you have issues that you need to fix because if you are in that area you’ll be like the 2223 or a version of me Patrick made David who lost everything he had who had 49 thousand dollars of debt and he thought he knew everything and nothing worked this way and I had to adjust so I can save you a lot of years of stress of lost money and lost time if you are willing to take this message and internalize it and say shoot maybe I do need to make some adjustments hopefully you can do that having said that Mario’s gonna have a PDF for you right down below they can download again questions comments even some of you that are hurt put your comments below maybe I’m gonna come with a thank you’re a happy face for your who knows maybe one of these flexing arm emoji that’s out there to make you feel good about yourself and don’t expect that I’m just kidding with you’re not gonna get that for me I want you to toughen up because the world of business is tough and last but not least if you still after this video still are willing to subscribe to this channel I love you so much thanks for watching everybody take care bye bye
