3 Reasons To NEVER Start A Business With Your Family...

[@ilarioaloi1448]

This channel it's a gold mine

[@cul1ure102]

Ilario Aloi kira is a goldmine

[@jesusbeloved3953]

Excellent advise! I made the mistake of starting a business with my best friend who was part chameleon. Before we open our pizza shop we were in sync with our beliefs and what we wanted to accomplish. After we opened, he totally went back on what he’d been saying. When I asked him about his double mindedness, he got his nose out of joint and told me this was half his enterprise too! Problem; he kept asking his college friends over to ‘visit’ which meant after working 8 hours at a factory job I had to go to this pizza shop and do most of the work as he was entertaining! Blessedly, it only lasted about 18 months and a bankruptcy; mine. He had no money; he was going to do the bulk of the hard work to offset. Ah well, live and learn. During this time, however, I discovered my brother, who worked during the day for me, would have made an excellent partner! The business was too far gone by then and it was best to let it die. That’s why I wanted to tell you how wonderful your advise is. If I’d have known 30 years ago what I know now I wouldn’t have spent 38 years working a factory job I hated. My brother and I could have made something great just like you and your brothers! Very many congratulations!

[@blee5268]

Finally, explaining the family business: Hi5 Studios. Since the families love each other, Hi5 Studios succeeds. You are spot on for the pro and cons of a family business. My uncle bought a supermarket in hope of his son would take it over. I knew that wasn't going to happen. His children constantly complained about working there. After 35 years, my uncle finally realized that my cousin didn't want to/wasn't about to take over the business, so he sold it. I remember a vlog/video made during a celebration at Hi5 Studios. I remember your father thanking you for giving J-Fred a job. I wondered if you felt obligated to do so. But, watching all the banter, silliness, and the fun you all have together, I don't feel you were obligated. I think you knew J-Fred and his brand of humor would be entertaining at Hi5 Studios.

[@JoseTapiaTV]

All of you in Hi5 set a great example on communication when it comes to your channels because me (as a content creator myself) wants to learn from not just examples but great examples on how to take content creator and creativity to the next step. Kevin is right when he said that communication is key to a running a business (also the fact that most of you in Hi5 Studios are putting yourselves out there in the world and it could feel overwhelming sometimes because you give it your all. I (as a audience of Hi5) have seen your channels becoming stronger and more open with your audience which is something I enjoy seeing. Feedback is so important when it comes to creating consistent content and I love watching the content here because in the end, everyone matters, The Talent, the crew and the audience/community, and you taking your community's feedback is showing and I think that is a great way to take a business to the next step: with communication.. Have a great day Matthais! :)

[@TheCanadianJET]

Matt I love these videos. I feel i learn so much. I especially want to thank you for the one where you were talking about counseling as it made me feel more normal and like less of a failure for needing to see one.

[@GIRLGUNTHERAUSTRALIA]

Matt, couple questions. 1. If you have let someone go, how did you do it. Also was the first person hard to do it. 2. Do you think youtube is dying slowly. 3. Do you know if you are thinking about changing any channels? ALSO THANK YOU MATT, when you started this I was looking for fulltime work, which is really difficult in the area I am In. Also that I am eighteen can sometimes be a problem. But one of the first more serious videos inspired me, to start caring about myself and what I want to do again. I had a interview for a full-time traineeship where I will get a cert1 in constriction. Which isn't a big certificate but I get alot more hands on experience. (I also find ot hard to get labouring jobs because I am not male, told multiple times we are looking for a bloke as they are stronger, the past 20ish months I have been working on strength, where I can carry 30killos easily.) You restored some confidence that I lost from being receted about 14 jobs because I was female. I gave up was still looking but I did not have a passion to find work anymore. Now i feel that passion comming back slowly. I also now feel more inspired to edit more videos for my other channel and do more for myself.

[@MrStatistx]

glad you found motivation again, but let me tell you: 14 job rejections is nothing. Between my current and last job I wrote around 100 applications, only to land a job I do not really wanted after looking for 1 year. The important part is that you still keep trying. (though I have to find my motivation to switch job again myself)

[@GIRLGUNTHERAUSTRALIA]

@@MrStatistx i mean thats just interviews, i have applied for over 200 jobs. Within the last year. Job interviews are hard to get.

[@GIRLGUNTHERAUSTRALIA]

@@MrStatistx i mean i went to places in person, I did alot online and I went to every help sign. Unless it was something to do with disabled which is a big thing near me. As i am not qualified. Also not a people person lol.

[@MrStatistx]

@@GIRLGUNTHERAUSTRALIA ooooh I get it. I thought you meant you applied to 14 jobs and got rejected.

[@MrJBs1fan]

I enjoy seeing Matthias back in his vlog videos! I know he has a busy life but I enjoy the behind the scenes of his life as CEO! Hes so honest and straightforward. This can be taken in other ways like the importance and involvement of a leadership role. I've enjoyed watching how much the community and growth from just the three guys as team edge to much much more! Thank you for being a huge inspiration and reminder to never give up!

[@kendallgraham608]

I love this channel because it shows us the business side of hi5. It doesn’t seem like all you do is fun. You actually do work and you show that everything is not just all fun and games. Love it!

[@danielleking3765]

I really appreciated the structure of the video. It still felt authentic, but in an organized way. Really cool content so far!

[@Armenius_Catholicus]

This video is quite an excellent product! Sincere, artistic, and focally structured. Props, Matt!

[@RudraKale]

This so much better than the other counseling channels. I feel connected when Matt talks. Feels like a one on one conversation

[@markstafki9597]

So I would love to start a business of my own. Its something I wish to work for and you have been inspiring me every step of the way. One problem I have is lack of motivation, and I would love to hear your opinions and answers for what you have done over the years to keep working learning and educating yourself, staying away from distractions and sticking to a schedule. I love your company so incredibly much, It makes me happy every day seeing all that you have done with your friends and family. I want to get over that lack of motivation and drive and I have been waiting ever so long for this channel, you have no idea what it really means to me. I also want you to know if ever/whenever you are down you have us and your family you can rely on.

[@Steffey2009]

It's nice to see behind the scenes. I dont think ppl realize how much work goes into what is done at hi5. All we see is the fun work. Thanks for sharing your day with us.

[@LostANGELUS]

I LOVE how open and honest you are and I've learned so many things from watching these videos on your channel. It's very endearing to see you address serious subjects about Hi5 studios, and shows us that despite the fact that nobody is perfect, you guys all work your hardest to grow and learn

[@TheRogueMadCat]

I dont usually comment on videos but this channel is soo refreshing. I love seeing you and your team as more than just acts and more as real people. I also really enjoy seeing the behind the scenes of the business part of it all. Thank you for all you guys do😁 Keep up the good work!👍

[@derewolve1133]

This channel is honestly something I never thought I'd find myself watching but I can say I'm really enjoying it.

[@kelseyonline33]

This channel is so interesting to me. I’m probably going to major in business in college next year and being able to run a company with such happy and hardworking employees sounds so rewarding. Thanks for sharing how you try to run things. I’m really learning a lot actually

[@alexmottaghi6536]

I stumbled on these channels a couple of years ago by a mistake but I'm soooo happy I did that because this is basically all I watch now because all of have such great energy and it makes me feel better when I'm down and I just wanted to say thank you, u actually change lives. (btw the first video I ever saw was the team edge UNDERWATER CHALLENGE! ) hope you see this.

[@joelikesthings]

I literally don't watch any of your other channels (watched some of your stuff religiously years ago), this channel is just so interesting. You have a very unique position, so it's cool to hear your take on things.

[@winterprecious3567]

Btdubs, I always love the sound quality in your videos. Must be the combination of microphones, equipment and man power, but idk, I don't do that type of thing. Lol. I really do appreciate the sound quality and clarity in your videos.

[@DONHU3V0]

Honestly, you're really really good at what you do and that's why you can build the team you have already done, like really congrats on all the awesome work

[@tree-ant8804]

I appreciate you showing the business side and day to day operations of your company. It gives me motivation to pursue goals that I have been really slack at. You and your team are doing a great job, you keep me and my family cracking up!

[@margotipton1251]

I love that you're sharing how you built your brain to become successful and how the implications it takes to make that a reailty . also youre very grounded and you make it known that all your employees can come to you or anyone with any thing.

[@yukifoxdemon]

Not gonna lie, I thought this channel was just gonna be some cool insight into the background and mechanics of how you run your company, but I've realized there's a lot of solid advice on how to be a good leader. I was just recently promoted to management last summer, having never been management before, and it's been a struggle for me to get in the right mindset and figure out how to approach things. Definitely gonna be watching for more ways to improve myself!

[@paytonblue4211]

I'm 13 and I have dyslexia and I want to know the way you managed with your dyslexia and became so successful with dyslexia. You inspire me a lot and I love how committed you are to everything you do.

[@ashleyjohann3892]

Thank you for the OKR talk! I was just made supervisor over my team that I’ve been with for two years and our company uses OKRs. The way that it was explained to me seemed more like a checklist than anything and always made me dread them. I’ll take any advice you are willing to give on my new role!

[@arieanaeberle9794]

I really enjoy this sobering kind of channel. Your giving real advice and being honest which is really important to be real with fans and such. Keep doing this!

[@randith87]

I always say this in your channel's comments, but I would love to work with you guys! I really respect the way you run your companies and treat your employee's!

[@Black-Swan-007]

I am not, have not and never will be interested in starting or running my own business, but I love these videos. I love seeing what you do and how and why you do it. I enjoy this side of you and your business, Matthew. Keep it up. ^^

[@4evertemo]

Bro I can't believe im just finding this gold mine of videos. Straight Facts!

[@zacpainter3104]

My mother started a rescue center for animals on there last chance (dogs cats before they are put down) and it’s a family business it’s all my brothers and there girlfriends that work there. I’m gunna to save this video and show them all ! Amazing advice.

[@spacefox5210]

Hey Matt, i just wanted to say thanks for everything.🦊 Tells your kiddies we love them ❤️

[@user-rs5cm7qc3p]

I like CJ's idea, maybe weekly/monthly reviews alongside to see if there is any change within the person's performance. It'll show the company who is good in front of the camera and who is better off behind it.

[@mrtrevor0000]

Thank you ! I really like the reasons why you should and or shouldn’t start a business with family. I really like hearing it from this channel because it’s all from people who started a business without an ego.

[@SillyCelly411]

The editing is super slick!! Obviously I'm here for the content but big props for the editing.

[@coltonbuckley1630]

4:01 I love this edit. These vlogs are so simple yet super entertaining. 👌

[@raytsakalas5381]

i love the new set up with the time and date and like the planer look if really cool and it help with going to happen next please try to do more of this if u can please.

[@naturesfinest2408]

We were learning the difference between goals and objectives. A goal is the "inspirational thing". An objective is something that you can measure. For example a goal is "growing my studio with my family" and objective would be "higher family members" (this is relatively easy and sinplified). I learned this in my educational psychology class. I think it is a good way to distinguish it. I say this because you said that an objective should be motivational. While im saying an objective is not motivational but a measurable outcome.

[@sarahanzua]

I love this. I love all the channels you’ve all created but this by far, my favorite channel I will be following!

[@killerlalu1]

This is a seriously great vlog. (If only I'd ever had bosses who understood as much as you do...) I really love how this channel is becoming a vehicle of communication of shared knowledge, understanding, and growth, both inside and outside of your companies. Keep up the awesome work!!! 😊💜💜💜

[@Joebro024]

I noticed you changed the thumbnail for this video. How do thumbnails impact your views? Is there like some sort of analytics that help you decide what thumbnail to use or when to change them? As always, love your content, your thoughts, and your whole crew! Thank you for all you guys do!

[@Sapphire_Sugar]

I really like the start up logo. I really like the to do list cut to's. I HATE messy desks to.

[@ro_bot151]

I genuinely find these videos fascinating. I've been watching your content for a long time, before Hi5 started. I think it's good that we get to see more of the inner mechanism of the office. I originally thought that was what the Hi5 studios channel was going to be for when it first started long ago. But I'm glad that you're making this type of content now. Can't wait to see more ❤️

[@dashcat8458]

I know you already did a video on productivity, but could you do one focusing productivity and its relationship with procrastination? As an extremely busy student I really struggle with this and would like some tips from someone who I look up to and is successful and knows what they're doing. Maybe some tips on how to schedule your day in the most efficient and productive way in order to combat procrastination and how you personally deal with procrastination? Or if you don't struggle with procrastination maybe how your coworkers deal with it. I know your channel mainly focuses on the business standpoints of issues, but I think it'd be beneficial not only for people who are running a business, but people who are in school. It would be so helpful and appreciated. :) For reference, I'm a junior in high school taking 2 AP classes, 2 college prep classes, concert, marching, and pep band, taking violin and guitar lessons, working 2-4 days a week, in student council and 2 volunteer organizations, and in a serious relationship.

[@brookekirkpatrick836]

Hi Matthias! I love the new vlogs and I would appreciate it if you did a vlog about some of the OKRs and mission statements that you set for Hi5, and what defines a good and bad OKR/ mission statement. (Also how it is working out/ helping you guys)

[@namelesssinger6430]

This is actually really good. accepting feedback and providing viewers insights or knowledge that you want to share gives aspiring individuals like me to understand the concepts of the overall work space. Not sure if that's the thing you are trying to say, but that's my take. Been watching you since your team edge backyard days and i really like how you progress and how you develop to who you are today. thank you soo much for being inspirations to your viewers. LOL trying to make sense even though I don't comment that much but hope you understand my point and hope it comes through :D

[@razeenkanjiani349]

You updated the thumbnail! BTW great advise in all of ur vids. Even though I am a teen I get your talks. Keep up the great work!

[@jacobyjones7907]

Matt this is some good stuff,man!! I do have one question for you though. While you are covering Hi5 studios great but could you please cover the aspects on running multiple businesses? Having that little snippet of Michael from Cill Records was a great start. Thank you again!!

[@shmoo851]

These videos have been amazing. I enjoy seeing the behind the scenes workings of what you do. I do not have a good mind for business but I do enjoy learning about its facets.

[@romanosken8328]

Im gonna say it again but idc i love Kevin......from the way he stands to the point of i dont know laugh..he makes you feel relaxed and comfortable with his way of living.Thats a colleague every company needs!!

[@starfire9511]

First. I love the idea of the supervisors and management getting together every monday! Getting on the same page for goals, and making sure the team dosnt get overwhelmed. Thank you. It would be awsome if you had some advice on feedback. Giving feedback isnt always easy, especially when its met with justifications. Help. Lol

[@rebeccaforeman234]

This such a powerful and encouraging insight on the harsh but rewarding reality of owning a business! Honestly Matthias you should write a book about business based on your personal experiences and beliefs of how a business should be lead in a Christian perspective! I would read that book!

[@gch8810]

I would also.

[@Dr.Fluffles]

One idea I think would be good would be a priorities system for assigned tasks, so the highest one has to be completed/in progress before going on to lower

[@deception7717]

I haven’t watched your vids in a while but still have your post notifications on

[@ethanbelisle1151]

when Matt says "being an owner is different then being an employee" he is right. I work at a grocery store called Publix, and at Publix after a certain amount of time they give you stock in the company. it is a private company so only the employees can invest in it. in other words the Publix employees are the owners of Publix because they are the only ones who have stock in the company. Publix as a company takes pride in having their employees owning the company and it makes a difference in the effort you see in the employees. we take pride in what we do when we are there because what we do affects how OUR business is doing. since we take pride in our company we have become one big family where we trust each other and enjoy being around each other.

[@Mizz-Kay-mj3zv]

Im kinda glad i saw this because i actally have been wanting to start a channel with my brother and i really was hoping u would have touched on the subject of family and the work place so thank you for this episode in particular . i want to make the best decision for the future and ur input and insight really helps thank you

[@reginap5577]

I agree that shared principles are an important foundation for a family business, or any successful business for that matter! I work part-time at a large company whose union is very bitter about the company's management, and it's not a healthy relationship on either end. Maybe if everyone involved watched this channel they'd be able to solve their problems. XD

[@TheShodancraft]

Just wanted to say, I am really enjoying this new approach or style of vlog. Fun suggestion, have Bryan or Joey one day do a vlog and talk about similar material.

[@Faith276]

I really enjoyed this video!! Love the new style, I'm looking forward to seeing more!

[@NjJoera]

I know the feeling doing business with family.. For me it's much more convenient because they are more reliable and also save time and money..

[@jairogarcia1455]

Thanks man, really great advise. I am in the works with some friends to see if we start a channel or a mini-company for different channels. This video helps a lot in the following decisions we are about to make. Thank you again. Love your work btw.

[@zoedolan3675]

18:40 Kevin with that accent haha! I can't right now.

[@mysteryunfolds6159]

Watching these videos has really helped me in my desicion making Matt. Thank you so much for deciding to do this and, it has also made me look at the way I managed my staff as well and realize some flaws in the approach I was taking with them. Can't wait to see the next video. Also didn't know Tanner was as high up in the staff as he is or maybe didn't hear it watching older videos but the dynamic you two have is great for videos. Thanks again have a good night

[@Hidden_in_Texas]

Matt thank you fpr this video because my brother and I are thinking about starting a company this helped me figure out a lot of different thing. I think maybe more videos like this to help out future business owners figure out their business strategies

[@incognito5504]

I have a question for you Matthias, Is running a business very difficult in the beginning and will it get better at the end.

[@janicapenttila8715]

Now that I have seen a few of these new kind of videos I can say that I really enjoy learning about all of this. I've seen Hi5 grow and I've been curious how does it work behind the cameras. I think it is really interesting to know how especially Hi5 because I feel like I somewhat know how it has developed.

[@ariananazario8694]

For some reason OKR’s are really intriguing to me. Could you walk through how you make an OKR from beginning to end?

[@aidandriscoll2250]

This is my new favorite channel ever. You're like the Elon Musk of KZbin. I'd love to see a video with you, Joey, and Bryan talking about Team Edge first starting out and it's evolution over the years. I also have a question for you: I've been lucky enough to grow up surrounded by people who are overwhelmingly loving and supportive of me and my aspirations, however I can still sometimes feel like they think I'm too young to really get anywhere with my business right now (I'm currently 18). Do you think that you can ever start too young? Do you think that you shouldn't start a business until you reach a certain age or until you've had certain experiences? I realize that this kind of an open ended question and it's extremely dependent on the context, but in your experience have you worked with people who are simply too young to do well in your business? Thank you so much for giving us these incredibly entertaining, educational, thought provoking, genuine, real videos that are so motivational and inspiring. I look forward to seeing more as well as seeing the growth throughout the studio as a whole. p.s. I'd love to hear your story of how you became saved. That's something I've loved about Joey since I first found you guys. His openness and willingness to share. But I also don't want to push you. Take your time to strengthen your relationship. You're doing incredible work, Matt.

[@AdamHomann]

I like the transitions but also if they take too long to make that's too much. If something just like a time stamp in a corner is good enough. BTW my favorite HI5 channel

[@WhatManGames]

Thank you so much for this video, like I commented before I am starting a new business but I am doing so with my brother and sister and this video showed me and helped me see that I was in the right mindset of thinking I like your feedback and critical thinking on thinks and I admire how well you are doing so far with your business and how the people that you have working with you and such a strong connection with you, I pray that one day I can run a business and have a strong bond with my employees, and my partners. So my next question to you is how did you build up such good connections, how do you build up that strong bond with your employees?

[@joeyk4284]

Thanks, I’ve been thinking of starting a KZbin channel with some close friends

[@louispaese3449]

Also I have one question what is difficult about being a KZbin company and being original and different and how are you learning what works and what doesn’t.

[@artyomkomissarik3169]

This channel is awesome because it helps you show yourself and this show how much dedication you have for your friends and your fans👍 great work my friend, like always 💪 Cheers from Italy 👏👏👏🇮🇹

[@JackeJoness]

Very informative, I will keep a lot of these things on my mind.

[@jonathonkelley3774]

i feel like this is how elon musk lives maybe lol, great editing something about the editing it feels like inspector gadget but not sure what.. the geometric art is an amazing touch i like seeing how the studio gets modeled, it all looks aesthetically pleasing, you should make more merch if you get the chance speaking of businesses. and thanks for the commitment to this channel, it's one of my favorite communities on youtube and i appreciate you all.

[@raasikhk]

You can set up a day where creators and others come up in a meeting or chat live to sync what they are doing, what they want done and essentially tell their progress Edit: Love the thumbnail And your editing!!

[@SweetLilMarie2]

I’ve always been curious about this, especially since my sister and I wanna start an animal shelter together

[@kylewilling8013]

Thanks Matt for being honest about everything. My job shows favoritism to alot of people and it sucks cause they push the hard workers away, how do you deal with favoritism? And what are your beliefs in people to move up in a company?

[@bigdaddymike5225]

Inspirational and motivating. I definitely couldn’t do business with my family. Lol. This is a very enjoyable look into what goes on and how you work out the human dynamics. How do you resolve personal conflicts that arise in the work place?

[@samanthalarue8032]

I love what you’re doing Matthias...keep it up

[@lukegood7186]

Hey Matt! Awesome video! It was really useful 👍🏼, I had a thought.. I would love to see a video of you, Joey, And Bryan talking about each of your views of a business with family and how you guys went from filming in Matthias's apartment doing everything together to a huge successful business but kinda separated from how it used to be, and how it's affected you guys in both good ways and bad ways (if any). P.S you guys are amazing! Thx for all the effort you put into your videos!

[@GatorRoo]

Gotta say, Matt, those are some smooth animations! Who made them? Was it someone who works at Hi5, or you? Anyway, I want to thank you for those reasons/tips for not starting and starting a business with family! I can definitely see how they can be detrimental or advantageous to someone who wants to go into business. I'm a little confused how I should approach KZbin. Should I consider it more or less of a business? Or more as a job? What do you think? Personally, I think of it as a Job/Hobby (Full-time hobby) because I don't really understand the difference between the two. Thanks for these awesome, inspirational, informative, transparent videos that I honestly didn't expect from someone like you. (An Exec.) ~ Gator-Roo

[@rahulchoudhury6446]

Changing the thumbnail really helped. I am watching iy right now.

[@Stephanie-ch9pu]

lowkey got excited for this vid because i never actually knew the exact relation between matt, j-fred, and bryan 😂

[@SpadGame]

Absolutely loving these videos Matt! I was wondering, when hiring people, what are some red flags that you shouldn't hire them?

[@koleki626]

check in with not just the higher ups i would do evaluation every other month or monthly basis just to see what the creators need and personal feedback about what they can work on

[@yiannipallas7879]

the through the steering wheel shot is not a move. I appreciate how you switched up the angles and it's great to try new things early on. I just thought it was a bit of an awkward angle with how it was just your face.

[@morganharris309]

I think an interesting topic to cover would be workplace drama.

[@ahashmohan]

Been binge watching all the videos on this channel, will more videos come out on this channel??

[@Caroline-kw5ks]

I would just like to know, if you don’t mind me asking. Have you invested in stock, if not, are you selling stock? I’m in sixth grade and study business for a forced elective. It’s been quite a passion ever since. Stocks have been the most important topic in business class. I would just like to know. Thank you! Have an amazing day if you’re reading this!

[@mipi_game]

Hi Matt I follow you from many time and I appreciate your style of work. Greetings from Italy!

[@catzfuhdays]

What bag is that?! Love that.

[@belladawson2023]

I think the group chat/group meeting will work very well

[@jayszephyrhill1913]

Good for you bro i love your bromance with Tan man chan.

[@lindseythomas7935]

So informative thanks

[@n8glo]

I would love to see the design concepts/pitch for the Hi5 Logo

[@coolfall3438]

This channel is da best!!❤️

[@OkamiKimi]

Note for me: *Communication and sharing the same priciples.*

[@david2.065]

So I don't know the relevance of this question, but I'm going to go ahead and ask and see if it goes through! So I'm a high schooler, and I founded a club at my school. As with any new group, we have growing pains. Many of the officers under my command just flaked, and didn't follow through on thier projects, sometimes even missing meetings. I think it boils down to a lack of communication; and organization. It is the end of the school-year, so I will have the chance to have a new officer board. That being said, what are some methods/apps/procedures/other stuff that you use to combat lack of lack of communication and organization?

[@lorijudge2731]

I really like this video it flowed nicely