Andrew Tate Hustlers University Leaked Part 2 (watch before deleting)

Summary

The video script offers a raw, unfiltered guide to entrepreneurial success, emphasizing the importance of speed, leveraging existing resources, and prioritizing profit over legal formalities. It challenges traditional business advice, advocating for a 'hustle' mindset where finding creative, low-cost entry points into business is key. The speaker shares unconventional strategies like using family and friends as staff and focusing on upselling to existing customers, asserting that physical presence and commanding respect are crucial for business credibility and success.

Takeaways

• 📝 Start a business with minimal investment, focusing on generating income before worrying about legalities and formalities.
• 🎯 Prioritize speed in business operations; quick action can lead to increased revenue and efficiency.
• 💰 Focus on selling to existing customers as it's easier to secure repeat business than to find new clients.
• 🤝 Build a business around your existing resources and networks, including family and friends who can contribute skills or time.
• 💪 Command respect through physical presence and discipline; this can enhance trust and belief in your business promises.
• 📈 Utilize young people who have less to lose and more to gain; they can be valuable assets in a startup environment.
• 🏆 Don't rush to register a company or deal with legalities until you have proven the concept and started making money.
• 🔄 Resell to your existing customer base to quickly boost cash flow and profits.
• 👥 Hire staff only if they can make you money or save you time; regularly audit their performance against these criteria.
• 🚀 Use the resources and people you already have to start a business, rather than seeking external investments or loans.
• ♻️ Reinvest profits back into the business to grow and expand, rather than spending on unnecessary upfront costs.

Q & A

What is the primary way a record label makes money according to the transcript?

The primary way a record label makes money, as mentioned in the transcript, is by selling records. This includes both physical and digital formats, and the sales are facilitated through various distribution channels.

What type of artists does the speaker suggest starting with for a new record label?

The speaker suggests starting with 'broke boys' or artists who do not require money upfront. Instead, they propose a commission deal based on sales, which can be beneficial for both the artists and the record label.

How does the speaker propose to test distribution channels for a record label?

The speaker proposes testing distribution channels by using both traditional methods and independent ones. This includes selling records through platforms like Apple Music, Spotify, and possibly through the label's own website or other online platforms like SoundCloud.

What is the importance of speed in business according to the transcript?

According to the transcript, speed is crucial in business as it allows for quick iteration, testing of the market, and the ability to capitalize on opportunities rapidly. The speaker emphasizes the need to produce content and distribute it widely and quickly.

What is the speaker's strategy for approaching artists who are not yet well-known?

The speaker's strategy involves offering these artists a commission deal where they receive a percentage of sales. This approach allows the label to build a catalog of music without upfront costs and provides artists with an opportunity to earn based on their work's performance.

How does the speaker suggest utilizing young people in business?

The speaker suggests utilizing young people because they often have fewer financial commitments and can therefore afford to work for less or even for free in some cases. They may also possess valuable skills, such as knowledge of technology or social media, which can be leveraged in the business.

What is the speaker's view on mixing family and business?

Contrary to the common belief that family and business should not be mixed, the speaker argues that family and friends can be the best staff because they are more likely to be trusted and committed to the business's success.

What is the significance of physical presence and respect in business according to the speaker?

The speaker believes that having a strong physical presence and commanding respect is beneficial in business. It can influence people's perception of one's discipline, work ethic, and trustworthiness, which can, in turn, impact the success of business dealings.

Why does the speaker emphasize the importance of reselling to existing customers?

The speaker emphasizes this because it is easier and often more profitable to sell to customers who have already bought from you before. They are more likely to trust you and your products or services, making the process of selling to them again more straightforward.

What is the speaker's advice regarding legal aspects of starting a business?

The speaker advises not to focus on legal aspects such as registering a company, VAT, or hiring an accountant until the business is already making money. The priority should be on generating income rather than incurring costs associated with legal formalities.

How does the speaker suggest using one's existing resources to start a business?

The speaker suggests making a comprehensive list of everything one has, including skills, contacts, and physical assets, and then brainstorming how these resources can be utilized to generate income without incurring significant upfront costs.

What is the 'magic rule' for staff according to the speaker?

The 'magic rule' for staff, as stated by the speaker, is that staff members should either make money for the business or save the business owner time. If a staff member does not meet these criteria, they may not be necessary.