How The Mighty Fall - 5 Stages Before A Company Goes Bankrupt

[@VALUETAINMENT]

Get the limited edition hats here! vtmerch.com/collections/future-looks-bright-signature-collection

[@RalphOpinion]

I disagree with looking for cultural fit as a solution. In fact, I think its the opposite. I genuinely wanted to build 2 companies up but the culture was so bad its hard to change from my vantage point. the culture was more of respect that doing the right thing. You know what. I was given an IR for saying things specifically multiple times "Customer Impact" and "Financial Impact" It has to be top down. Pride gets in their way and Hubris has taken a hold of their heads. This should be matching the original culture or the required culture. More often than not I found the task to change the culture. The company I last tired this with said "customer first" as their core value. I left. They are waiting for the government push and funding.

[@RalphOpinion]

Not one of them in one meeting discussed financials. All were all fluff.

[@masternobody1896]

life is hard as f. jim collins is epic

[@masternobody1896]

thanks valuetainment for advice

[@dtsai]

Only a fool builds a leaky boat and brags about it. Are you kidding? Everyone keeps saying you will fail. None says you will succeed because they are projecting themselves in your shoes.

[@davidhampton388]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@Nicolas-xt6dj]

You're right

[@Nicolas-xt6dj]

That is why I had to start forex trading 2months ago and l now am making benefits from it.

[@rachaelanderson7044]

O' Yes I'm a living testimony of Mrs Caitlin Albrecht.

[@rachaelanderson7044]

Mrs Caitlin has changed my financial status for the best. All thanks to my aunty who introduced her to me.

[@baudricbittan8746]

Mrs Caitlin Albrecht has really made name for her self

[@samweirich5973]

I've actually worked for a couple of start up companies - one was a tech start-up, the other was a subscription-based retail business that sold monthly boxes of goodies. Both seemed like promising ideas at first, and at first they did experience success. But the common mistakes I saw were the following: 1) They tried to grow too fast, too soon. This is problematic because the expenses incurred to grow the business accelerates much faster than the growth of the business. 2) They were too lenient on their staff. They never held their staff accountable for not achieving goals. The managers were trying to be "hip and trendy" by letting the staff manage themselves. 3) They ruined relationships with vendors by not paying on time.

[@jakemiles4470]

Wait, is this BirchBox? I worked with them

[@samweirich5973]

@@jakemiles4470 No, it was a different company.

[@Peacefulnessxxx]

Trusting people is not a bad thing it works in the factory I work at?

[@paulydltvideos]

There’s a 6th stage… and it starts with you. If you decide to quit, then it’s all over. As long as you don’t quit, be creative, and lean into your strengths, you can make it past anything.

[@brandonrusii]

There’s a 7th stage … repeat 1-6

[@michaelfinger6303]

dude that does not make sense cause if its over its over, seeing when its over and restructuring/quitting to be able to start again makes more sense at stage 5... I counceled a few companies in the last years and for 3 of them it was clear they are done cause they didnt have the tools, staff and vision to go ahead, they should have actually never tried to do it... cause their foundation was already bad, so i advised their boards to cut their losses, close their current companies and reopen with the right setup, they continued and all 3 are out of business... All 3 of them never had a profitable month and just lifed from the owners money for a few years...

[@WarnerDawg]

@@michaelfinger6303 Have you ran any buisness before?

[@michaelfinger6303]

​@@WarnerDawg As you are asking a counter question instead of understanding my point it is not hard to guess where you stand... That said to answer your question, I was managing operations for a few service related businesses with 7 digit profit margins, stabilized a failing startup and currently am in the process of the product and launch of a new startup where i have full decision authority, when i talk about not doubling down on errors, it is based on what i have seen. It is cheaper and more healthy to cut your losses and enable a recovery phase where your worries are less. In my field I am able to understand what a company needs to be able to function in that field and success and failure are very easy to track... Chasing losses and doubling down, is gamblers behaviour and burns more people badly then a controlled exit with a short recovery and planning phase for the maybe next venture. If you have daily operations that are dissfunctional and you got to the breaking point what makes you think you turn it around now if you could not do it earlier, if you would know how you would not be there in the first place.

[@WarnerDawg]

@@michaelfinger6303 Oh that's cool sounds very productive of you and I admire that. It must have taken alot of work and years to learn and grow yourself to reach the point you are at now in life. Good on you and best wishes to you in all your endevours.

[@businessacc179]

We are wrapping up our Q3 debrief and review and lots of hard conversations happening! Can’t hide from the data- even when it’s not where we want it to be!

[@Nick_Taylor.]

5 stages: 1. Hubris born of success: becoming entitled to success 2. Undisciplined pursuit of more: selling too many products/services. 3. Denial of risk and peril: management stops discussing company problems. 4. Grasping for Salvation: management repeatedly acts in desperation rather than returning to fundamentals. 5. Capitulation to irrelevance or death: management acts in fear; morale tanks; employees quit.

[@ltodd1987]

I know a big company at stages 4 & maybe 5, I love the inner workings of business, I sit back & pay attention, employees are quitting, etc., I asked a member of management & I told him what I observed, he looked down & told me what I already suspected, also a stock to never invest in

[@quentinawai7304]

Boom 💥, you said it , actually you said many things that resonated with me . Back in my days 1990 , I was young , arrogant and greedy for money 💵, a recipe for disaster. I remember telling my dad once after an argument “What did you have at my age” …… if I could only take back those words. 😢 . I was green in the business world 🌎 but learnt the hard way . I turned 100k into several mill. Years later watched the bank take everything…… only the shirt on my back. My lessons learnt ? 1)Don’t be too greedy . 2)Don’t be arrogant . 3)Listen and learn . 4)NEVER forget the basics , what made you money in the beginning. 5)Read .

[@checkmate8015]

Thanks for the tips

[@checkmate8015]

Which books do you recommend for a newbie who wants to make a startup and is clueless

[@wilsoncoronado8569]

If you're a male read the rational male by Rollo Tomassi

[@Nobody_1776]

The same stages of collapse occur within countries, everyone wants the responsibility of their choices to fall on the shoulders of others, and then nobody wants to accept the reality of the severe situation that they created.

[@tjspaddy]

I work for one of those comanies in your thumbnail. You hit the nail right on the head. I think folks will be surprised when they see some of those brands won't be around in the next 6-18 months......

[@yurielcundangan9090]

Gotta love Patt. its nice too see someone stick on his own Values

[@CMoore8539]

He does it very well. He has my respect!❤

[@evelinapass7024]

Faull ELon? Talent Every. Very look?. Hm

[@NicSteinhaus]

I LOVE THIS CHANNEL!!!! My family and I have a small construction business and we have been setting money aside throughout our business boom through the pandemic waiting for great opportunities. We bought 3 investment properties last month for a steal. We will continue looking for more investments as interest rates continue to climb!!! Thank you 🙏

[@BobbyM7847]

Your greed is getting to you

[@williammartinez5182]

P

[@williammartinez5182]

Oye 25th

[@tashalachacha]

I always arrived an hour early. Stayed the hell out of the break room. Toxic work environment.

[@georgebecker7951]

everybody has to read, never split the difference, and also read, good to great

[@kevin7151]

Excellent segment. One key message that companies falter on is diluting their effectiveness. You framed it perfectly in the Steve Jobs example.

[@boyerindustries]

He forgot two stages: 1) black swan events 2) not saying “f*ck you” to tyrannical governments shutting your business down in an exercise to gauge compliance to their level of control

[@maxwillson]

About 10 years ago I worked for a local news station that went under. The biggest red flag is that people leave and the job is never filled again. It got to the point where the job was almost impossible to do, they ended up just laying everyone off.

[@michaelk.4011]

Wow Pat, this is some good info, was talking to my dad yesterday about the same thing regarding "that's not my job!" That won't go far when you want to grow your business. Had another issues with a business partner this year because he was over promising and I told him I wont do that, I ended up being bad/negative guy it didn't go well. Thanks for all your videos including hiring employees, hired 2 employees this year but business is slowing done a bit, hope all will be well thanks!

[@MyAkachi]

That's an amazing CEO there (Anne Mulcahy, Xerox). We need more interviews from people like her. So sad that we never really see amazing business professionals like this plastered on our socials - only dubious ones. Great job from her!

[@38mmartin]

PBD always dropping gems!!!

[@cherylcallahan5402]

*Valuetainment host Patrick Bet-David How the mighty Fall appreciate your videos Listening 🌟 from Mass USA TYVM 💙 Patrick*

[@Rainy_Day12234]

The worst thing to happen to someone is to be successful early on. Another gem of wisdom, to ignore chance is arrogance.

[@MikeontheWay]

It's tricky when success is hitting, money coming in, things are in flow and it's like damn, we did it and not to let it change you in a negative way. The biggest negative switch is the fear of loss which manifests in scarcity and a loss of faith in the vision. Easiest way to let that go is to be present and focus on service to others in the here and now. Ultimately the business is a reflection of the one who created it, elevate your consciousness and your business will mirror that development.

[@AndreasChristodoulou]

Very nice Patrick! The future is bright!

[@therearenoshortcuts9868]

"yes you have $100 million in cash.... but you got $1.9 BILLION in DEBT" I literally Lol'ed

[@menumlor9365]

I normally I don’t buy merch from KZbinrs but today I’ll make an exception.

[@Zonum420]

Upselling the positive and ignoring the negative faciltates complacency. As a result, a culture of good idea fairies erodes the core values of an organization. A very pivotal and insightful point you brought up that all leadership should be cognizant of. Thank you for doing what you do.

[@SoloMotivation]

*THIS STORY WILL CHANGE YOUR LIFE* *Struggling will make you stronger* 💪🏻 Once upon a time, a man found a butterfly that was starting to hatch from its cocoon. He sat down and watched the butterfly for hours as it struggled to force itself through a tiny hole. Then, it suddenly stopped making progress and looked like it was stuck. Therefore, the man decided to help the butterfly out. He took a pair of scissors and cut off the remaining bit of the cocoon. The butterfly then emerged easily, although it had a swollen body and small, shriveled wings. The man thought nothing of it, and he sat there waiting for the wings to enlarge to support the butterfly. However, that never happened. The butterfly spent the rest of its life unable to fly, crawling around with small wings and a swollen body. Despite the man’s kind heart, he didn’t understand that the restricting cocoon and the struggle needed by the butterfly to get itself through the small hole were God’s way of forcing fluid from the body of the butterfly into its wings to prepare itself for flying once it was free. I Love You 💕

[@evelinapass7024]

Every orig. Very valuet benefit pasivit. Haus car 7let ok

[@zyzzyvacation]

No pain . . . No gain😬

[@the.parks.of.no.return]

The gods are fickle, sometimes you need to give something a nudge in the right direction. You wouldn't not throw a lifeline to a man drowning.

[@WeAllHaveOurOwnRoadToWalk]

@@the.parks.of.no.return If you taught the man to swim he wouldn’t be drowning. That’s the point his story is trying to convey.

[@YoungJon]

That shirt is 🔥 Shout out to Yankees Aaron Judge 62 Home Runs 1 Season

[@polskigirl8547]

Stage 1. ……Arrogance…Pride Pride comets before a fall…Proverbs 16:18

[@latech713]

I think this is true as long as you have the basics in place. We are still chacing the basic before thinking about improvement.

[@MondoProducer]

What a delivery! Eloquent!

[@seedbankdkfrafrotilplante6342]

You really are great for sharing your knowlegde and experince. Thank you.

[@TonyMoze]

And thank god PATRICK is back to doing these, “let me talk to you” intimate talks, 1:1 , on business. Lets gooooo! 🔥 🔥 🔥 PS: love the hip hop beat in the beginning - Always a nice touch! 🎤 🎶

[@knowbloc]

valuetainment is back!! love it

[@kingpetra6886]

"The future's so bright, I gotta wear shades."

[@art_n5x]

This is what I needed

[@NewTheoryMagazine]

Great video pat 👍

[@markrichey3914]

A positive attitude is essential for success.

[@moneyman8238]

stay positive Patrick

[@almondrick5967]

What Pat Bet is very accurate ( Has always).You tell the suppose bosses about what you need,and them having the employees that elevate a business ,they screw up the businesses who with there arrogance.My experiences and I had bad bosses that thought of themselves has leaders ,but they where not( blaming people for the bosses mistake and humiating people with there power and arrogance).Leaders are hard to find,and people that can you trust are tough hold on because of others arrogance.

[@allnaturalfarmraisedhandma8637]

This is the content that puts a shock in my veins! Youll see me in person one day, Pat, make sure you're still in business by the time I get there!

[@James-nc1dz]

Been a Vtainment fan for a while now but the audio quality on some of this years vids have been sub par , please look into this to take the content up a notch , thanks , James

[@giselazuniga1323]

Thank you for giving us hope…💪🏼💪🏼💪🏼

[@mballer]

Always have a backup plan for your audio.

[@Todd.T]

Type of people #3 There are those that like the job and the challenge, but there are those that are only in it for accolades and pay. Those people sell themselves as being interested in the job and are not involved in achieving targets, but believe it is their job to enforce the targets. They are usually very narcissistic and are constantly conflicting with those that love the job who understand the job, not just targets. They never call up the experienced people and ask for ideas of how they can achieve targets, they just drum up a number, sell it to their boss and chest beat. I have seen this cause major catastrophe at jobs and even end the company.

[@chan90s]

Pretty much applicable at personal level also

[@bandana4814]

Keep the content coming Pat!!!

[@nealwilliams3142]

My mentor used to hand out Good to Great like Halloween candy around the office. Collins is fantastic…

[@_Abjuranax_]

To improve any process, you must reduce variation, standardize the process, then hold the gains. And to achieve this goal, you must empower your people to do so. As empowerment is only accomplished by having responsibility and accountability, as you cannot have one without the other.

[@demorbe-official]

I always love you work. I started out on my financial journey cause of your channel. I love the value you provide.

[@sedinsibic2908]

Cant wait to get this book in my hands.

[@Smashburn06]

Thank you for this. We needed to hear this.

[@GamerKidPlaysGames]

taking over family business. going well. has expanded. but this is a “fear” of mine. i have thought about quitting too but that’s not in me to quit

[@Jabbs248]

Pat, I appreciate you so much. I’ve learned a lot from this channel. God bless you

[@wayneaustin5533]

Many companies hire the consultant but never take their advice. In my opinion it's the same advice that the company received from internal employees

[@toddtheisen8386]

Working at 3M for decades, I recognize all these stages. Massive corporation, products in the everyday life of billions of people around the world. A century of being a careful innovator, employee proud and a steady cash machine. Last 20 years, we have lost our focus, forgot that mining and manufacturing is our purpose , not money making.

[@rickymcu]

Good vid PBD. And rad jersey!!

[@ideasgraph3980]

Love this video!!! The book you have suggested is on my list :)

[@cavewebster]

I would suggest that this is more catchy - the 5Ds: Delight Dilution Denial Desperation Defeat

[@michael.stephens]

Keep going pat the message is being received!! 🏁

[@really497]

5 Qualities to look for. 1. Look for people who fit with company values. 2. The right people don’t need to be tightly managed. 3. They don’t look at the job as a job, they see responsibility. 4. They fulfill there commitments, and don’t over promise. 5. Passionate about there work, and give the shine to others.

[@revol8191]

Thank you for this video!

[@davefellhoelter1343]

Stage ONE should lead to "O No!" this is Wrong? everything is to Good? What am I missing? It all comes down to Honesty and Integrity! Do what you say! Say what you Do!

[@iARIRO]

Thank you for such informative content!

[@oldstocks]

#1 stage - cutting back on office supplies

[@donaldmeckanzy]

Interestingly, I was thinking about the contrast between Yahoo and Snapchat. No matter how good your MRR is don't trust it. MRR only tells you present and past data. Look for data that tells you about your future from your customers and the market. Donald Okaragba, Co-founder, Meck Health

[@alfawon]

This is 100 % correct ,Ilove it

[@dominipower9140]

always great content. but the baseball jersey is fire

[@jimmys6050]

Basics and discipline.

[@pauskie6]

Time well spent

[@evanschuma7714]

Well said, thanks Pat. I can relate.

[@dcanedemboyz7431]

Great audio

[@mahirhaque1801]

Xerox has the best sales training ever.

[@michaeldickerson2630]

@Valuetainment make a snapback/strapback style hat in the next iteration

[@AdrianA-gj9bt]

Thank you Patrick, good stuff. Love seeing how you’re growing your online presence Was rad to see you and Adam interview Andrew Tate in Spain. Probably his best interview Cheers

[@AdrianA-gj9bt]

Link didn’t work

[@zedhow431]

just did 70 push ups thanks man

[@anonymoususer8090]

Your the future face of the Yankees pat! You love baseball and money so I know owning the Yankees is on that brilliant mind of yours in the future!!!

[@danlc95]

I'm watching this happen to the cannabis company my gf works/ed for. They brought in an operations manager and lost/fired a ton of staff. Her last day was last Friday. I told her months ago that he needed to concentrate on the quality of their product. It was plagued with bugs and mold, and yet they still sold it... Meanwhile they were buying up properties and contracting celebrity endorsers.... I thought they were making foolish moves.

[@craigpotter1262]

That's to show the smart ones are buying bitcoin quickly, but they won't let the public know.

[@thomasnorris7285]

This is the most intelligent word's I've heard.

[@thomasnorris7285]

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@johnnycharles4163]

@@thomasnorris7285 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@thomasnorris7285]

@@johnnycharles4163 Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez, her trading strategies are top notch coupled with the little commission she charges on her trade.

[@philimonleo6195]

@@thomasnorris7285 Pardon please.

[@Pernection]

Don't go past your resources. The best time to buy a business is when they get in trouble

[@doodle4532]

The audio quality is lacking on this video. Great content.

[@davidjma7226]

Stage 2 is called 'The line extension trap' well known.

[@madscientist_lp]

Whole Foods is in stage 3 & 4 right now 😮

[@serenitychannel1]

Interesting...makes sense. Thanks.

[@pacinot]

Looking nice Sir, you smooth like you read the book in a Sauna 😂

[@KSIXRIDER]

"Hope" is not a planning factor for a business plan.

[@NestorMaravi]

I am watching a short video on the former CEO of Xerox. Wow! The eyes, the body language. I fully believe she was able to save Xerox. She says the culture in her family growing up was to come prepared to debate current events. You talk about it all the time Pat!

[@NestorMaravi]

She just said something on the video’ “The say I took over as CEO, the investors sent a clear message, meaning the stock went down dramatically. It took that move to heart. I took it personal.” Wow! Sounds familiar? #LastDance #MJ

[@carlotonydaristotile7420]

Loved it.

[@Redspiderr2099]

My man became Homelander in the beginning

[@TonyMoze]

Yessssss the YANKEES jersey! Let’s gooooo 🔥

[@cavewebster]

Great employee criteria: Respect-worthy Responsible Reliable Reciprocal

[@sumtingwongnow]

Does this apply to our Country ?

[@enigmathegrayman2953]

Nice jersey, Judge the home run KING!

[@daniello9155]

16 years at the ground level was her apprenticeship in training. I bet though she was one hell of a saleswoman.

[@yoginero]

Hiring brand name consultants was a way for the top executive to evade responsibility and quit at the best point and get rehired at a better company. The next guy who took over his position got into minefield and the blame.

[@entertainmentyoutube3606]

Great video, and that woman was amazing, she saved xerox

[@SaifArabb]

sound quality is not good, but thanks for the video

[@maribethcondrillon8876]

yes I'm here it's up to you friend to be sure safe and loving me 😆😆😂

[@JuciferN9]

Love the content, but the thumbnail with HP on fire? I don’t get it