Billionaire Entrepreneur Tells The Ugly Side of Running a Business

[@VALUETAINMENT]

Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid

[@savannahmanzone3394]

I love this material that Lululemon has it's great for workouts I love rollerblading great interview Patrick thank you

[@larryrohrssen2428]

Great interviewer!

[@israelmarquez3206]

It would be great if you could add this interview to Valuetainment Español. A serious fan of Pat’s ideas and points of view or most of them.

[@pistolgrips]

How Patrick manages to interview so many incredible people is a testament to his awareness of greatness.

[@traderuniversity6178]

GameStop sank 25% as of 12:50 p.m. in New York, after rallying 1,600% in January. Hordes of day traders piled into the shares after noticing the elevated short interest in hopes that buying would force shorts to cover, driving the price ever higher. Now the trend is reversing. The Dow industrials hammered out a 235-point gain at the open, up 1.8% as the market looked to claw back a share of Friday's steep losses. The S&P 500 rallied 1.7%. The Nasdaq Composite swung 1.7% higher on the stock market today, Famous Stock analyst Dr Claus Smith said the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him WhAtSaPp+1(((.3615020533)))

[@TenTenJ]

It’s a testament to his sincere kindness and sincerity, a sense of culture.

[@NestorMaravi]

Indeed!

[@dividedsoulsent]

This guy dropped so many jewels! One of your best interviews Pat.

[@raymondst.lawrence2452]

A

[@Americanese_]

What jewels jumped out at you most? I really liked the "if you see something expressed 3 times, it will become big!"

[@silvermediastudio]

Agree 100% what an insightful hour. I had to look it up, Under Armor was founded in 1996, the guy Kevin Plank started creating and selling products in the years prior. Right at the same timeframe as Chip was making his transition from Surf/Skate to Yoga. I think Plank has about $2.5B net worth today.

[@entrepreneurstateofafrica]

You said it all

[@traderuniversity6178]

GameStop sank 25% as of 12:50 p.m. in New York, after rallying 1,600% in January. Hordes of day traders piled into the shares after noticing the elevated short interest in hopes that buying would force shorts to cover, driving the price ever higher. Now the trend is reversing. The Dow industrials hammered out a 235-point gain at the open, up 1.8% as the market looked to claw back a share of Friday's steep losses. The S&P 500 rallied 1.7%. The Nasdaq Composite swung 1.7% higher on the stock market today, Famous Stock analyst Dr Claus Smith said the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him WhAtSaPp+1(((.3615020533)))

[@badbadnotgoodgoodgodnotbad2930]

These videos are free?! Amazing content. Vision and predicting trends has to be the most understated rule of life

[@David_Addison]

From an information/entertainment standpoint this really is by far the best time to be alive!

[@investorsray1474]

*SUCCESSFULL 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..*.

[@benjaminkatherine1153]

You're right ma,,

[@benjaminkatherine1153]

that's why I have to start forex trading 2months ago, now am making constant profit from it ..

[@usermane9320]

Natural, there’s a lot of math involved in forex trading,,

[@usermane9320]

but this is often presented in forms of daunting technical charts, indicators, patterns..

[@proanjou491]

Trading systems allow you to limit the factor of emotional influence on decision-making,,

[@JasonWorley321]

Best interview. Appreciate all your interviews and this one connected with me stronger. 1. His perspective 2. quantifying human behavior for employee performance.

[@JasonWorley321]

Got the book. Looking into Landmark Forum. Thanks Patrick!

[@spookynuts7148]

@@JasonWorley321 Did he just say 1+1=3?🥴😳 36:01

[@Killacam1992]

There’s something about this guy, he’s got a good spirit.

[@Ayushkumar-cv3er]

boy that was pure fireeeeeee. oh my gosh. he actually expelled the real side of business behind closed doors. legendary guy

[@lewisticknor]

Just had an epiphany about Valuetainment. Most viewers probably realize that we are witnessing a personal journey. Most of us realize that Patrick is also asking questions for his own benefit, and for our benefit. This particular video is extremely valuable and has sealed the deal for me as to why I have subbed to this channel. It is an evaluation on how the sausage is made. It is inspiring to me at the moment for two reasons. The first is that Patrick would help us all by providing this content. The second is that how the sausage is made has far fewer views than his mob videos. To me this indicates there are many more day job dreamer/consumers than people making the sausage. Us little guys should not get discouraged.

[@sherl7435]

Chip is such a gem of a person, and that's why he is so successful. He is spot on about creative people in an organization, they are rare and often attacked by majority of their teammates. It is sad how corporate america has gone downhill.

[@OzSaudarna]

This is a huge issue...

[@shabaclank3711]

People will sell they momma in corporate America

[@goodlifegreenscapeslandsca4425]

Easily among your top best interviews with a noteworthy industry leader that I've watched, Pat. Thank you for doing what you do to help us all get to know these great minds! I loved his insights into business partnerships/finding a counterpart to balance your traits, always love a good reading recommendations list, and I was inspired by his perspective of what it's like to be a creative visionary leader and how we have to create the time to be our space cadet selves, even as all the technicals are carried out to achieve the goals. I will definitely download his book! Would surely love a signed copy, thank you! -JD Schein.

[@devanshgadda8595]

1m soon Patrick :D Thanks for everything.

[@daniel512_24]

✔

[@danielbarbas8978]

3m soon

[@dakotadellafera5850]

I watched this interview twice, and it goes by so fast. Really enjoyed it.

[@miscellaneousvlogger5762]

Man I love both of these guys content!! They inspire me to create my own vision!!!!

[@thatstherecipe]

chip is a real entrepreneur, take notes

[@Lauren-fl8mc]

Im totally taking notes

[@theunvoicedvoice]

This is one of those interviews that I save in a private list that I share with my inner circle and I often go back to and review. Full of golden nuggets and powerful takeaways that can be immediately implemented. That is one aspect I appreciated about this interview. Oftentimes, I watch interviews where the concepts are either abstract or lead back to 20 different places to do research about, then I need to put the pieces together to come up, hopefully, with the right answer, strategy. This was on point and easy to digest. Thank you, Pat.

[@Jorjina.hayatt]

I love Patrick's questions and how respectfully he places the question, asks very important questions and gets a lot of inside information which very few people are capable of. i loved the creativity question, that how to strike a balance between creativity and logic, excellent ! and a brilliant calm humble personality of the Ceo, so refreshing to see a grounded thoughtful decent Ceo

[@Khem_giri]

1. Will learn about marketing 2. Will learn about culture 3. Will learn about vision Then any other book or video from these conversation . I bet every body no KZbin programe like Patric bet david (valuetainment ) has . Every startup should watch these before they going to start any kind of business . Thank you so much Patric bet david for being who you are today .I have read almost 50 books then I saw these video and it summarizes all . Unbelievable .

[@troythompson2]

Race to 1,000,000!!! Talked to Chief.. He said this is it Pat

[@darronsanderson4837]

Pat is teaching me how to listen to people. I'm 54 and just learning how to listen to people. Pat has mastered this skill.

[@AlexandriaYoutube]

This is probably one of the best interviews I’ve ever seen! I just finished reading the book and it was amazing!! I’ve always love Lulu and it was really interesting to learn more about the story and the founder behind the brand.

[@johan5512]

Did you hear the books he recommended, I can’t really hear what he is saying on the second book.

[@armandoc6675]

Could you tell us the name of the book? Thanks

[@AlexandriaYoutube]

@@armandoc6675 the book is called little black stretchy pants

[@UpperCaseX]

This is going on my lunch - to watch list. Good job PBD and team 👍

[@savorthepassion]

Dude. 24:31 I'm already thinking: Do I really want to IPO? One way or another my baby is not getting lost in the numbers. Also, already added 3 books to my buy list. I love that he referenced Good To Great by Jim Collins (and team). I absoultely agree that a level 5 must train some to become better than them. I've been saying it since before I was even aware of the multi-leveled leadership diagram: my goal with any cook is to train them to eventually be better than me. Though I also said "it's not going to happen because I'll never let you get better than me, but I'll never steer you wrong on purpose and I will teach you everything I know if you're willing to listen." As Chef Damon "Fish" Woods always said "Homes, I'm going to keep talking to you, but here's the thing; all I can do is drop gems, its up to you to pick them up."

[@VALUETAINMENT]

Exactly

[@Luxurytainment]

Great content Pat!! Who’s watching in 2021

[@jimmydesilva]

If this video taught me one thing it's if people focus on your pants they're probably not focused enough on the right thing. #Focus

[@Emma4dfuture]

"I couldn't prove the future, and it's so easy for metric people to prove the past.". Chip Wilson That sunk real deep!

[@whatthefungus]

Love these interviews recently Patrick.. you are killing it! You are a great interviewer! Awesome channel!

[@jorgeherrera7838]

Amongst the best”PodcDast” or conversational dialogs that I’ve been able to learn from. Appreciate you PBD you Always pushing creativity!!

[@ResourceTalks]

*I felt like everything that came out of this gentleman's mouth was life changing.* *I wasn't expecting to finish this video, but now I might have to play it a second time.*

[@ZeriteNetwork]

Class is in session...Thanks a lot Mr. Bet-David...talk of people who made me start my Business, finance and law channel....From Kenya with love!

[@VALUETAINMENT]

Love it. See you at the first LIVE Valuetainment conference.

[@timriehm56]

Thats crazy becasue when I hear something 2-3 times I know the universe is sending me a message. And I pounce on it.

[@alexanderbanman9288]

Yeah I found this particularly interesting. It sounds kind of hokey pokey but I think it makes sense empirically. If something new shows up in 3 different places within a short amount of time then it must be movement building.

[@johnnyroc]

What was the 5th book?! 1. Good to great by collins 2. phycology of achievement by Brian Tracy 3. the landmark forum 4. habits of highly effective people. 5. Did he say "the Goal" or "the Goat" by Rosenblatt? Can't find that one.

[@joshuamweeka1381]

I counted myself blessed when I discovered your channel,it has helped me so much am watching almost all your enterpreneurs interviews you had. Thanks so much am from Zambia

[@bev8200]

The first thing he said resonated with me instantly. Everything that comes out of my imagination and comes into the real world I'm instantly im happy with it and want to improve it. You are gold.

[@DavidKendallGoogle]

This is such an interesting real life scenario of a founder holding the position of capacitor within an organization. Of course the current will want to avert the redirection if given the option. Fantastic example of economic inductance and capacitance vs resistance. TY PBD, you're quickly becoming my favorite channel.

[@TonyMoze]

Man I like this guy!!! Not only is he a Salesman, he’s a great visionary and creative person! Just hear his thoughts, predictions, reasoning, etc! Dope! 😎 Thanks for this interview!

[@WishpondCA]

Chip is a real character! Amazing how he can spot trends

[@shaneskull820]

Amazing interview, as an inexperienced business owner I found this very informative. Thank you.

[@ألفومية-ح5ك]

Patrick those pants ...

[@ae2202]

10/10, fashion

[@daveking4229]

@DAVID TRAN yup is there such a thing as a PANTreon acount? Lol

[@zachdegregorio1611]

I liked the pants

[@dopemusic6414]

@DAVID TRAN your comment got me dead 💀😂😂😂💀💀

[@dreday77764]

It’s obvious his wife had no input about him wearing of those pants

[@luckypyjamastv1473]

You can tell that this is a real legit successful entrepreneur. Not like Uncle G or any other guru marketers that are out there.

[@jermaineedwards7157]

Love the way you interview Patrick. Model of real excellence and preparation. Love the future/present focus of the interview. Fascinating stuff where you begin to consider the power of creativity in business. Keep up the work. 1 million subs on the way :)

[@TheListener01]

Holy shit I cried when this man said something like, if an artist is happy with their work, then they are not an artist 🤯🥹😭🤯 thank you very much Mr. Bet-David for letting me hear this!!!

[@latestsports-viralsportscl3971]

Awesome founder. Brilliant insight. Thoroughly enjoyed watching this, and I watched the whole thing.

[@RamaSivamani]

I would disagree about creatives being unhappy. I know many creatives that are happy that does not come from being completely happy about their creations. The result are not what gives them happiness rather its the energy of going through the process and efforts of creating something. So the act of creating gives more happiness rather then the results of the creation itself. Once something is created you move it out of your mind and move on to working on the next creation or project. Great interview and lot of great insights to be learned from it!

[@JonathanPoland]

What an incredible model for older founders to learn from. Great stuff PBD.

[@patrickrivera7404]

Half way through. Without a doubt, One of the best business interviews I've heard! Thank you!

[@kevinkang4427]

His book is a must read. Great insights into the ups and downs on the journey to become a billionaire

[@onixtheone]

Convenience and practicality is what will sell and evolving technology is what will make that happen

[@mariomikho6304]

This is one of the best business interviews I’ve ever heard. Such good back and fourth. I love this and learned a ton

[@rlperez4]

One of your best! Big takeaways: 1. Protect your creative people 2. Everybody wins, love what you do 3. Logic proves the past, ignores the future 4. Board chooses CEO to make leaders, then finds his replacement. Investors value stability

[@georgekalyan6850]

9k before 1 mil! What a moment gonna be soon..

[@VALUETAINMENT]

👊🏼❤️

[@1lbsmith]

FIRE👂👏 He represents so much of the creative side of all of us who has been compromised or muted by the fallacies of the metric people. Thank you Patrick for being so good at getting down to the crux of what we All want to know, everytime.

[@harpuria]

It’s good that large public corporations cannot innovate as quick. That leaves a larger entrance for new entrepreneurs and new small businesses

[@Numantino312]

large corporations can't innovate. so they buy/use governments/legalities to keep their field clear of competition

[@brandonelliotphotography]

Great interview! Is the link to the "linguistic abstraction" coming?

[@tenspeedtruck4083]

Phenomenal interview. Phenomenal guest. Just a plain phenomenal program. Well done, the phenomenal, Patrick. 😊

[@MrStifleras]

amazing interview. this guy knows business

[@mathewheller6919]

This man is Neo in the matrix he sees the world beyond numbers Thanks for providing this content

[@amoldodd5802]

One of the few great hosts that asks important questions and allows the guest to speak, learned a significant amount from this. Cheers to Pat and Chip

[@vyaasshankar7605]

Thanks Pat!! After following you for the past few months, I got super motivated to learn from other people!! I plan to start my podcast in the next couple of months 🔥🔥❤️

[@SeforaCatana]

I resonate with Chips mindset and creative feeling ; explaining the future to those who look at metrics from the past because I know it’s a feeling of where it will go and at times it’s like pulling teeth as I’m launching a tourism leisure business in this opportune times. No place to get creative then a world crisis . Wonderful interview . It aged like fine wine .

[@Israel10]

Chip´s website was not included as a link. Integrity. Love the interview

[@HassanMushaid]

The best first ever. Really resonated with me. Nearly 1 million Pat 💪

[@wmcpromo]

Almost there! Thank you so much Patrick!

[@gilbertlujan1220]

Humans are not meant to create anything ! Man was meant to explore , and experience with joy in all things in the short time we have walking the earth ! That’s why we are here !

[@tomatobrush3283]

Thank you for inventing yoga pants. Great insight. I miss the surf skate clothing as I am a big guy myself 6 foot 2 and grew up in the 90s wearing high quality skate and surf branded clothes. I ordered some new tshirts from a surf shop a few months ago and they all came thin fit and I had to send them back. I can't find any thick jumpers any longer and most of the clothes are low quality for men now. I went to Singapore and visited the billlabong shop and found some men size tshirt, i bought 20 of them.

[@jonatzapata]

Sería genial que lo subas a tu canal en español.! 👍🏼

[@rithwik]

This interview is a goldmine!! One of the best I have seen...

[@AlWheelin]

There were many interesting business operation points in regards to knowing creative and technic6people and how they need each other to fully succeed.

[@chandanbansal22]

Work not to inspire your generation but to leave a legacy for future ones... I got this. Thanks PBD❤❤❤

[@KingaGorski]

I love the quality of Lululemon. I've tried multiple other big name brands for fitness and general athletic gear, and Lulu takes the cake just about every time. I gotta tell it like it is.

[@Lealea2828]

Pat we appreciate you, you are such a fantastic interviewer and really pull so much insight from your guest... so interesting thank you!

[@LB-vp7kf]

This was an amazing watch and actually made me feel much better seeing some of my own personality traits in him it really put things in perspective.

[@lynnyeung9040]

this interveiwer is awesome!!! Thank you

[@calugcug21]

Worth 3 billion, plain white shirt, jogger plants no shoes no watch. What a guy

[@Krisaber]

Awesome interview pat! I learnt how to be a better leader, keep trying even when you fail and how a creative mind thinks! Keep up the good work! Cheers! Chris 22 coming from the army

[@36ixty5ive9]

hey patrick your a good reader of people,you even know how to dress accordingly depending on who your interviewing,i love strategies and mind chess moves,keep motivating and educating my guy! thumbs up

[@sabtsmith]

Interesting dialogue about creatives vs. metrics (performance) based people. Agree about the tension between the two. A couple strategies we employ to "meet in the middle" is 1) thorough consumer & market research on the creatives' ideas to vet and validate them and 2) test before fully rolling out. To add --- the consumer should really drive the ideas that the creatives then use to innovate which, in turn, should drive positive results....because you gave the customer what they asked for! :)

[@NestorMaravi]

I’m already liking this man. He is into swimming! Cold water gives you such energy.

[@hoodfella166]

I’m here through research for my own goals. I guess I’m on the right track

[@555Trout]

Brilliant fellow.

[@ieyeshiabates3556]

This is a great interview! I learned a lot :) I’m going to share it with other people

[@sabtsmith]

I also did the Landmark Forum (and the entire Curriculum for Living). Agree that it is absolutely transformational across all areas. Highly highly recommend!

[@halibut1249]

I like the creative vs metric dichotomy. He comes at entrepreneurialism and corp America from a diff all-encompassing holistic perspective.

[@moodi2120]

i appriciate your time and the great values of both of you. learning new things from you everyday pat. much love

[@Numantino312]

holy crap! returning to a just-filmed video to play it thru to take notes yourself; PBD, you just gave me a new learning technique/habit. TOTAL VALUE RIGHT THERE! THANK YOU YET AGAIN!

[@entre9199]

I'm seventeen minutes and thirty nine seconds into this talk restarted almost nine times so I can totally understand in short words this is "Valuetainment" #value

[@gozu9455]

love how proud chip is at pointing out how they killed jeans . i dislike jeans :)

[@zahidtilly9348]

Pat you're almost at 1 Million Subs. When is the conference dude...cant wait!!!!!

[@wholeveganfitness9922]

So deep... protect the creatives!

[@bikosankara7417]

When Chip was speaking about creative people, he reminded me of Jobs. Greate interview Pat

[@savannahmanzone3394]

My favourite workout clothes great material Lululemon

[@strafer8764]

He keeps saying creativity but what he is really describing are the attributes of an opportunist. IMO creativity is not just gauged by financial success. People will remember great inventors, artists etc. They won’t remember lulu yoga pants.

[@tiagobarrosdasilva1081]

Thanks for the short Portugal reference. I'm a portuguese living in Portugal very big fan of your content. Thanks for sharing that much value.

[@christopherarmstrong2710]

10:40 Japanese Yen at highest ever, buying up everything in the USA mid 90's. 13:05 Blue Ocean Strategy 14:15 He couldn't prove the future, and it's so easy for metric-driven people to prove the past. 15:30 E-Myth. Get out of day to day operations to get above and think 5-7 years in the future. 15:55 CEO = culture & vision is #1 job. COO = runs the company, operations and metrics. 26:57 "What I'm really looking for are leaders who can create other leaders." Trust & Inspire leaders that others can look up to. People need to look up to that competitive person and be inclusive, where everybody wins. Under Armour culture is ultra masculine / win at all costs, LuluLemon culture is where everybody wins. 28:90 Super girls and power women. To start a company, you've got to know the real subconscious of the customer that's buying it. 31:50 Inflection point where women are more powerful than men, are still single at 28 and 32 - there's a lot of disposable income there. 33:20 Creative people inside a company have to be protected, because sometimes they're wrong. When they're wrong, the metric people tell them, "I knew you'd be wrong." Gives them ability to come in, take control and put parameters around the creative person - and the creativity never comes back. (The biggest downfall of American public companies). You have to have a CEO who understands creatives so well that they can protect creative from the metric / finance machine - which are usually better spoken & educated. They can prove their data because they have metrics from the past. 34:55 Both creative & metrics sides have to appreciate each other - just like differences between men and women. End goal of both is usually to raise productive children in the world, who we love and they love us back - and we want to be great grandparents. Synergy, differences complement each other. Because of the common end goal, they know they need each other to get there. 38:30 Using fitness, yoga & athletics after 2008 crisis as a coping mechanism, instead of the usual alcohol and cigarettes, pub / bar crawls. 41:40 West Coast performance vs. East Coast fashion design mindset. West Coast makes things functional, and then beautiful. East Coast makes them beautiful and prices them to look functional. 48:04 Integrity for LuluLemon meant doing when they said they would do, when they said they would do it, to the level that how it was expected to be done. 50:30 Fire fast. Lying and compromising will make it okay to lie in the company, and never stops perpetuating.

[@adriangarcia9406]

I really like this video, Chip and Patrik have shared so much great information on how to look at things.

[@paulussantosociwidjaja4781]

Thank you for so awesome interview I have to rewatch, too!

[@frankvenados5644]

This Guy engage me!!! Thanks Patrick.

[@aion2177]

I like this guy, so calm, thoughtful and unfazed about whats being discussed. Gonna watch this a few times :) Thanks for the video @Valuetaiment.

[@bobbybotorola4723]

Your almost at a million ape jan keep up the quality content i love your channel...lav mna

[@VALUETAINMENT]

My man

[@williamwells6468]

Been a fan for years and somehow missed this. Glad I went back and was rewatching videos. Thanks pat