Andrew Tate Hustlers University Leaked Part 4 (important part watch before deleting)

Summary

The speaker emphasizes the transient nature of businesses, urging entrepreneurs to prioritize personal wealth over company longevity. He recounts his own missteps in neglecting to secure his finances, advocating for a 'get rich quick' mentality. He also stresses the importance of reputation management through proactive customer engagement and the need to constantly analyze and learn from all business interactions to refine one's own entrepreneurial strategies.

Takeaways

• 💡 Prioritize personal wealth over business longevity: The speaker emphasizes the importance of getting rich quickly and putting oneself before the business, as no business lasts forever.
• 📉 Accept the impermanence of businesses: Recognize that all businesses, regardless of their current success, will eventually fail or become obsolete.
• 💰 Focus on personal financial security: Ensure that personal financial needs are met before reinvesting all profits back into the business.
• 🚀 Learn from past mistakes: Reflect on previous business decisions, such as not taking enough money for oneself, and apply these lessons to future endeavors.
• 🏆 The goal of business is wealth creation: A business should be a means to personal wealth, not a vanity project or a source of pride alone.
• 🤔 Evaluate investments wisely: Consider whether new investments like equipment will directly contribute to increased revenue or are merely vanity expenses.
• 🛑 Be prepared to abandon a failing business: If a business is not profitable, be ready to walk away with the money earned rather than continuing to throw good money after bad.
• 👥 Reputation management involves addressing complaints: Engage with dissatisfied customers to prevent negative word-of-mouth and public complaints.
• 🔑 Take all criticism personally to manage reputation: By addressing complaints directly, you can prevent the spread of negative sentiment about your business.
• 💭 Constantly think about money and business: Develop a habit of analyzing every business interaction to learn and improve your own business acumen.
• 🔄 Apply learned lessons to future business ventures: Use observations and analyses from other businesses to inform and improve your own business strategies.

Q & A

What is the main point the speaker emphasizes about business longevity?

The speaker emphasizes that no business lasts forever, and it's crucial to prioritize personal financial gain over the longevity of the business itself.

What mistake did the speaker make with their business T2?

The speaker's mistake with T2 was not taking enough money for themselves and instead funneling all the profits back into the business to keep it afloat, which left them with no personal savings when the business failed.

Why is it important to 'get rich quick' according to the speaker?

It is important to 'get rich quick' because businesses are temporary, and one should secure their financial future before the business inevitably fails.

What example does the speaker give to illustrate how business models change over time?

The speaker gives the example of TV advertising, which worked 13 years ago but would not work today due to the rise of social media and platforms like YouTube, which offer more cost-effective and trackable advertising.

How does the speaker suggest handling criticism and maintaining a good reputation?

The speaker suggests handling criticism by taking it personally and addressing it directly with the individuals involved, ensuring that they do more good than bad to maintain a positive overall reputation.

What is the speaker's advice on reinvesting in a business?

The speaker advises that while it's important to reinvest in a business, one should always prioritize personal financial security and not sacrifice their own financial well-being for the sake of the business.

What historical example does the speaker mention to illustrate the point of prioritizing personal wealth over business longevity?

The speaker mentions Sir Philip Green and the BHS case, where he took billions for himself and let the company fail, as an example of prioritizing personal wealth.

What is the 'mind hack' the speaker recommends for improving business acumen?

The 'mind hack' recommended by the speaker is to constantly analyze and think about how every business one interacts with operates, considering aspects like pricing, customer base, and potential for improvement or competition.

Why is it important to always think about money and business according to the speaker?

It is important to always think about money and business to train one's mind to identify opportunities, mistakes, and strategies that can be applied to one's own ventures in the future.

How does the speaker suggest handling customer complaints to control reputation?

The speaker suggests handling customer complaints by engaging with the customers, even if they are being difficult, to address their issues directly and prevent them from spreading negative sentiments online.

What is the speaker's view on the role of a business in one's life?

The speaker views a business as a means to make oneself rich and not for vanity. The business should serve the individual, and the individual should be the primary focus, even above the business.