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- after spending 25 years observe your
- entrepreneurship through building is a
- multi-million dollar company running the
- fast lane for my writing one of the very
- best books entrepreneurship ever written
- mg the marker has put together the
- unscripted entrepreneurial framework a
- model that guides you right from being a
- slave to employee trading Monday to
- Friday for Saturday's Sunday and the
- mediocre paycheck into becoming an
- entrepreneur who lives life how he wants
- to live it and are free to do whatever
- you want to do and the beginning of the
- entrepreneurial framework is your FTE
- you'll fuck this event a moment when you
- realize how bullshit your job actually
- is how much your job is sucking the life
- out of you how miserable you are Monday
- to Friday and how Friday feels like a
- long needed gasp of air and by the time
- Sunday evening comes you're already
- dreading the following day you realize
- that this sentence is going to last for
- the next 40 years and by the time it
- finishes you're going to be old and
- literally a pensioner this moment of
- realization is your fuck this event the
- sparking your entrepreneurial journey
- that drives you along a new path step 2
- beliefs biases and bullshit men are not
- prisoners of things but of their own
- mind Franklin Roosevelt there are
- several stands as Envy describes we are
- led to believe which is cheat us out of
- reaching our full potential the lock
- step this is the belief that life's
- outcomes are mostly dependent on luck
- and action that only plays a small role
- people often look at someone like MJ who
- built a multi-million dollar company and
- say he got lucky
- completely ignoring the fact that he
- failed them for different industries or
- for succeeding completely ignoring the
- fact that he worked for years on his
- business every day didn't go out
- partying or waste time watching TV dr.
- Richard Wiseman is a psychologist who
- researched what makes people lucky and
- he concluded that lucky people are only
- lucky because they great notice and act
- upon the opportunity in their lives the
- main way that you make luck work in your
- favor is you make more attempt
- everybody knows that if you flip a coin
- once the odds of you getting heads are
- 50% but did you know that if you flip a
- coin ten times the odds of you getting a
- heads are 99.5% with any type of online
- business venture that you don't do the
- only thing limiting the amount of coin
- flips that you have to be successful is
- you and the time goes by you get more
- experience you make more calculated
- adjustments and the odds of you winning
- only increase
- belief number two the shortcrust and one
- did get rich by this new passive income
- secret methods yours for only 997
- dollars people are constantly looking
- for shortcuts ways to bypass the years
- of hard work to get what you want not
- only does this short drop mindset make
- you a prime target for stabbed but it
- also is a matter of negative effect that
- you're going to get massively frustrated
- when you don't see immediate results the
- answers of a short drop mindset is the
- process principle the process principle
- is that the debt what you want is don't
- require consistent input for years the
- process principle is that you are
- focused on incremental improvements
- every day once you adopt the process
- principle obstacles are expected and
- overcome you still feel frustration and
- angst but you accept it as part of the
- process and you debt shit done the money
- stamp MJ talks about his early days of
- entrepreneurship and how he didn't make
- any money because he was chasing money
- think about it like money is attacked do
- you try to catch the cat by chasing
- after the cat or do you try to catch the
- cat by leaving out a tasty bowl of tuna
- and waiting for the cat to come to you
- rather than focusing and chasing money
- you should instead focus on giving as
- much value as possible providing the
- very best possible service or product
- you can and then all you have to do is
- communicate that value and the money
- will follow there are four steps to
- delivering value great value communicate
- value agree on the price for that value
- deliver value meaning and purpose there
- is one quality which one must possess to
- win and that is a definiteness of
- purpose knowledge of what one wants and
- the burning desire to possess
- Napoleon Hill let's play a little quiz
- when Thomas Edison invented the light
- bulb was his determined effort driven by
- reading daily Instagram motivational
- posts be drawn to a Tony Robbins unleash
- the power of in seminar see practicing
- all the steps and tele McGonigle's book
- will power or D having a strong sense of
- meaning and purpose when Elon Musk
- launched Tesla was a result of a B C or
- D whenever you look at anyone who has
- accomplished anything great the number
- one driving force behind it was their
- sense of meaning and purpose that's not
- to say that a B and C don't help you at
- some point but the biggest most powerful
- driving force you could ever hope to
- have on your side is a strong sense of
- meaning and purpose your meaning and
- purpose fuel you to act persist and
- eventually win to find your meaning and
- purpose you have to get clear on your
- why's why are you pursuing this
- entrepreneurial journey one of the most
- powerful exercises you can do to get a
- strong sense of meaning and purpose is
- to list your wive's
- here are the author's why's he hated
- suits and the thoughts of wearing a suit
- was unbearable he wanted to own a
- Lamborghini he wanted to ease the burden
- from a single mother he wanted to retire
- early he didn't want money problems to
- potentially damage a marriage the
- stronger your wise the stronger you will
- be fuel to work what wise will compel
- you to work on Saturday night when
- everyone is getting drunk at the club
- what wise will compel you spoke plainly
- legends and focus on building your
- business genetic institution great
- institutions have made media or ideas
- highly possible and poor execution can
- make great ideas worthless but what is
- execution too many people think they're
- executing when they're not executing
- isn't any business cars with CEO printed
- on them it's not reading books it's not
- excessive learning it's not going to a
- networking event where you're building
- contacts institution has one common goal
- when you're starting a business
- and that is it's the quickest and least
- expensive path to getting your first
- customer and if you already have
- customers execution is the quickest and
- least expensive route to creating a
- product so good it sells itself Fastlane
- entrepreneurship have you ever wondered
- why certain company tax spend millions
- of dollars has to stay a flea or lover
- companies are highly successful yet he
- never see ads for them anywhere
- take Tesla for example now America's
- most valuable car company when was the
- last time you saw an ad or a billboard
- poster for Tesla there are two ways that
- businesses can reach people the first
- way is what advertising does it pushes
- the product out in front of somebody so
- they see it
- however high-quality products do not
- require advertising because of their
- quality people will naturally talk about
- them people would naturally talk about
- them positively on forums online write
- good reviews recommending to friends
- with MJ's first book I didn't see an ad
- for it I wasn't thrown into a sales
- funnel for it but every time I catch
- something like a list of top 10 books on
- entrepreneurship
- The Millionaire Fastlane tech coming up
- again and the den and it was through
- this word-of-mouth that the book went on
- to so close to half a million coffees if
- your company is not selling itself then
- you have a product problem sure
- marketing and advertising help to sell a
- product but they should only be seen as
- Fanning the flames rather than fire
- itself investing the time to create a
- high quality product will in turn give
- you more time and freedom because you
- won't be having to push your product in
- front of people at the whole time
- Financial Management you got to work
- hard to get it and you've got to work
- twice as hard to maintain it dr. Drake
- being able to make money is only part of
- regaining your freedom what you do with
- it is the second part one of the biggest
- ways that people waste money is through
- comparing themselves to other people
- comparison focuses on what is missing
- and creates anxiety gratitude focuses on
- what you have and creates bliss if you
- are comparing yourself to other people
- there will always be someone with a
- bigger house with a faster car
- and the finish line would always be
- moving you will never reach it I hope
- you found this video useful if you've
- got something down a bit leave a like
- and if you want to see more like this
- make sure you subscribe because I've got
- plenty more to come I
- so what does it mean to be unscripted
- entrepreneur let's go over MJ DeMarco
- snoo book unscripted these are my top of
- five takeaways so let's get fucking into
- it number five the scripts it is a
- system that has been formed to keep in
- the position that you are in it's modern
- day slavery in the 1999 movie The Matrix
- the protagonist new realizes that many
- of the inhabitants of Earth have been
- living in the dream world
- a virtual reality that's been fed to
- humans by parasitic machine race virtual
- reality distracting them from the
- discomforting truth our script is the
- socially conditioned narrative that we
- have been indoctrinated into so
- scalability consists of many fallacies
- fallacies such as to succeed in life you
- need to go to school you need to get
- good grades you need to receive a
- college degree now people that create
- wealth in themselves are in the position
- that they're in because of luck rich
- people are usually shady retirement
- happens at age 65 as if you worked for
- many years for a good company they'll
- take care of you compound interest is
- the key to riches you should do what you
- love so that you'll have to work a day
- in your life starting a business is a
- risky and you should put your money in a
- 401k other safe investment vehicle such
- as mutual funds these fallacies are
- preached by seeded on the effort to
- create you into a model citizen which is
- abbreviation for mediocre obedient
- dependent entertained and of course
- lifeless takeaway number four that do
- what you love miss the pursuing
- financially independent embody with the
- same old tired advice or do what you
- love the basic premise being that if you
- do what you love you never work a day in
- your life some sort of lovely doesn't it
- the problem with this notion is that
- doing what you love pays no fucking
- attention to what the market needs
- instead focuses on your own selfish
- desires
- just because you love going to the gym
- doesn't mean that you should be a
- personal trainer it doesn't mean that
- you should start the thousand YouTube
- Fitness channel attempt to get rich just
- because you like playing college it
- doesn't mean you should start a fucking
- YouTube vlog gamer channel there's
- already too many of those just because
- you like hello kittens doesn't mean you
- should make another blog that's
- saturating the internet the market does
- not revolve around what you love or what
- you want the market is selfish - selfish
- beasts it only cares about one thing and
- that is what it means similar concept
- was talked about in the email who
- visited just because you know how to do
- something doesn't mean you should
- revolve your business around that thing
- the skills needed to make your famous
- apple pie recipe and other skills needed
- to run this apple pie business they're
- two completely different things running
- a business being entrepreneurs a
- different skill set to do an activity
- that you like to do and there's also
- another side to this coin if you start
- doing what you love as a business
- venture you might end up hating what you
- initially loved this happens in many
- cases do what you love is a myth that is
- propagated on many of the Guru's
- understand that there is a difference
- between do what you love and putting in
- love into your work you don't have to
- enjoy cleaning your backyard but you
- can't quit love into the work and do a
- good job so don't over do what you love
- myth takeaway number three the gurus and
- the compound interest myth how many
- gurus have you heard given the same old
- advice about the power of compound
- interest the power of the stock market
- how you should cut coupons and not have
- a coffee in the morning the advice is
- repeated over and over ad nauseam in it
- just about every finance Bolin these
- gurus offer you advice about investing
- in mutual funds and other investments as
- a way to get rich fast promising
- incredible
- one problem that these gurus do not
- follow their own advice that don't
- practice what they preach the truth of
- the matter is that the investment
- vehicles do not usually create explosive
- growth unless you're dealing with large
- volumes compound interest works well
- when you already have a large principal
- work with not your pennies these groups
- make their money from their books that
- they sell the expensive cinemas and
- their retreats they run they're not
- making their fortune from stock market
- they're making their fortune from
- charging clients thousands of dollars to
- learn about the stock market the market
- can't be predicted but these gurus would
- have you believe that you can read it
- the secret can be yours once you sign up
- to the email list and buy the new DVD
- course they won't tell you about the
- inflation rates or the threat of
- financial recessions no way no fuck away
- that shit will scare you away instead
- they'll tell you the same story about
- how if you bought stocks in coca-cola
- back in the early 1900s you'll be able
- to enjoy millions of dollars right now
- yes at the age of a hundred and
- something you can finally fall like Dan
- Bilzerian does not sound great let's put
- our faith in these gurus or not take
- away to value cheese there's a new breed
- of entrepreneurs as plagued the market
- the new breed is in it to make a quick
- buck by any means necessary these fake
- Oprah Knorr are the ones that try and
- cheat value entrepreneurship is
- fundamentally based on providing value
- and solving problems these guys will try
- to provide the least amount of value
- possible all while trying to receive the
- most amount of money possible these are
- the guys that run affiliate links to
- dodge of products or through their pages
- these the guys are try using dodgy
- blackhat SEO tactics to get traffic to
- their pages these the guys are spam
- Kindle with crappy copypasta ebooks and
- try upsell you on their VIP courses as
- soon as the trend dies they die they hop
- from blogging to Kindle ebooks to
- Shopify to dropship into whatever's
- popping at the moment
- it's all about trends ultimately value
- Chiefs don't stay long in business you
- can only achieve value for too long
- before you have to face the consequences
- as Peters age entrepreneurs offer real
- value in exchange for monetary gains
- they offer value by solving problems
- problems are often solved in one or two
- ways one innovation of a new product or
- a system or two making improvements on
- an existing product or system think
- about uber uber was incredibly
- successful because it made improvements
- on a problem that existed the taxi
- industry for years people complained
- about how cabs were often too unreliable
- and too expensive but no one did
- anything about it into Luber jumped into
- the picture lubbers destructing the
- industry because of the improvements
- made or the customer experience they are
- a typical example of a successful
- entrepreneurship venture just making
- improvements when people ask for them
- innovation is creating something
- entirely new something new to the market
- entering a blue ocean which you can
- create a monopoly you check out blue
- ocean strategy book about this it goes
- into more detail a good example of
- entrepreneurship innovation is streaming
- services such as Spotify and Apple music
- that now gaining enhance popularity it's
- far easier to improve an existing
- problem over creating some entirely new
- so if you want to make a product and be
- entrepreneur look for existing problems
- that are there and what improvements you
- can make on the products or the systems
- that are currently in use takeaway
- number one and perhaps the most
- important takeaway from the book is the
- process this is the event
- entrepreneurship not just
- entrepreneurship many successful
- ventures consists of many processes that
- go unheard by the masses the script
- would have you believe that things
- happen due to sudden events for example
- the script will have you believe that an
- actor gets the blockbuster role from an
- event some college kid that's the
- biggest social media site on planet
- Earth
- from an event the youtuber becomes a
- millionaire from an event where the
- Scriptures not highlight is the person
- on the live these events they act as
- hundreds of additions and embarrassing
- rejections the college gives 10,000
- hours of programming collectivism
- mastery and many failed attempts that
- youtubers hundreds of their videos of
- sleepless nights and editing problems
- and all that bullshit entrepreneurship
- is the game of process it's not a
- glamorous event a glamorous event does
- happen plus after process instead here's
- a life in the trenches entrepreneurship
- is not easy you must be willing to
- constantly work on your vision
- all while embracing the fact that you
- might not get rewarded instantly MJ
- talks about the desert of desertion
- which is a period when you're
- implementing something new and you don't
- get feedback for a while and this
- we'll give up but not you if your
- entrepreneurship gets pushed through
- that shit there is no instant
- gratification this is a long-term game
- most people won't be successful
- entrepreneurs because it requires you to
- go against your fundamental human nature
- it requires you to be formless like
- water as Bruce Lee said there are no
- clear-cut blueprints there are no simple
- step-by-step guides to follow it's only
- actions of feedback human nature is lazy
- which is a quality that entrepreneurs
- can embrace this shit ain't for
- everybody those are my top five
- takeaways I highly highly suggest you
- guys check out MTA DeMarcos new book so
- my favorites if you haven't read The
- Millionaire Fastlane go check that out
- I've only scratched the surface here in
- terms of the content in the book you
- want to read the book to really
- understand what the fuck is going on and
- I've got a link in the description it's
- coming affiliate link because I'm one of
- those value cheats and whatnot but
- anyway I hope you guys like it peace
- until next time
- you
- ooooooooooooooooooooo
- hey it's be a Brander I'm back today we
- can discuss the book unscripted by MJ
- DeMarco I was sent this book on
- recommendation from from a colleague and
- he was very enthusiastic about it so uh
- so I said okay I'll I'll read it lately
- I don't read in many books at all
- business books because you know there's
- nothing new in the world of business
- unless it's in crypto which I hide
- myself about crypto but that's pretty
- much it lately so I started reading this
- book and I was expecting you know great
- things about it
- and well let's be honest it was a big
- disappointment why was it a big
- disappointment well the thing is that
- okay let's do this there's there's good
- news about it in this bad news about
- this book the good news is if you like
- reading and if you enjoyed war and peace
- then you'll love this book because
- because it's almost as long and almost
- as nonsensical you know so that's good
- news and the bad news is that the author
- spends two thirds of the book which is
- our 250 pages complaining about the
- state of the world and complaining about
- life basically he spends 250 pages of I
- don't know 400 pages or something like
- that complaining about things look if I
- wanted to spend money and or if I wanted
- to read a book by a complainer you know
- I wouldn't be spending money on it so I
- mean 250 pages just complaining about
- the world how things are and how life
- sucks and I don't know I mean from
- somebody who's who claims to be a
- multimillionaire which by the way means
- in marketing speak I have two million
- okay and I mean for somebody who claims
- to be a multimillionaire
- he sure complains about life a lot I
- mean shouldn't he just be enjoying his
- life anyway it doesn't matter then after
- about two-thirds of complaining then we
- sort of finally come to the meat of the
- book and the meat is
- is five laws of business and those are
- spelled cent I don't know if that's a
- great marketing to name five laws of
- business where you plane that you're
- gonna make millionaires out of people by
- reading this book if they read this book
- and then calling the five laws of
- business cent c e and TS I don't know
- anyway okay the naming wouldn't be such
- a problem if if actually all the laws if
- all the laws worked three of the five
- laws sent three of the five laws are not
- actually applicable they don't even work
- I mean if you follow these three laws
- you're gonna fail okay
- there's you know law of of entry law of
- need law of time and some other stuff it
- doesn't matter really two of them time
- and entry yeah okay
- those two apply but let's let's give an
- example of
- of the law of actually the law of need
- well the law it states that you have to
- fill the need in the market that you
- have to sell something that people need
- so you can sell them otherwise that
- you're not gonna be able to sell if they
- don't need it
- newsflash most things that people buy in
- the modern world are once nutmeat okay
- most of the things that's one floor the
- second floor is that most of the great
- fortunes were made by supply side not
- the demand side of the economics that
- makes plain somebody comes with
- something totally new and people don't
- even know that they need or want that
- thing before they see that thing and
- once they see it to say okay I want this
- and all the greatest fortunes have been
- made like that from the supply side not
- from the demand side so that's the
- that's the second floor and this is the
- fatal fall actually so if you follow
- this if you follow this thing you might
- be moderately successful because you're
- going to be competing with the rest of
- the people that are filling needs and
- wants and there's lots of people and
- there's going to be huge competition and
- when there's competition it all comes
- down to price if the products are sort
- of the same quality and sort of they do
- the same thing it all comes down to
- price so this law and two other laws are
- totally nonsensical you know they don't
- work for big success or just you know
- average little small things where you
- going to compete like crazy on price
- with somebody don't do that okay
- you can if you want to but I wouldn't
- recommend that don't do it
- so these five laws three of them don't
- work two of them are okay so this is
- supposed to be the meat of the book and
- then after that is just more waffling
- and you know talking about stuff that
- doesn't matter about business so I mean
- it was a big disappointment it was just
- basically wasting time so the author I
- guess you know I guess let's say he
- knows his stuff you know but the problem
- is he claims to be a multimillionaire
- which in marketing speak means I have
- two million you know at least but
- probably about two million everybody
- that has two million or a little bit
- more say oh I'm a multimillionaire okay
- you can do that on investing in a 401k
- and your employer matching your funds
- and buying one or two houses and that's
- it
- I mean you don't have to spend 20 years
- in business to do that okay you don't
- have to do that you can just be an
- employee and just invest in 401k invest
- a little bit have a matching of your
- employer by just a few real estate buy
- some real estate not a lot just a little
- bit and you're a multi-millionaire in 20
- years easy but this guy says to bust
- your butt in business to take huge risks
- to work a lot to have employees to deal
- with all the taxes and all the
- regulations and okay in IT there's not
- much regulation but you know everything
- changes right but you know you're taking
- huge risks risks in business huge risks
- and if you're not that sort of
- person who can take risks whose
- cool-headed person who has anxiety about
- everything then I don't think that's
- that business is for you so the more
- sure way to become a millionaire is just
- to do what I said before I mean he spent
- he says he spent I don't know what he
- said I think he said he he said that he
- spent 20 years in business and in
- investing to earn 902 million dollars or
- whatever he has if he has that I mean
- why would you bust your butt for 2
- million for 20 years that's nothing
- that's almost nothing my net worth is
- the same after just a couple of years
- okay I mean this is ridiculous I mean I
- wouldn't follow this at all sense come
- on man the only thing that you're gonna
- earn by following these laws are cent
- not dollar cent I mean it's crazy anyway
- I don't I don't usually do book reviews
- but you know if if a book is
- particularly good or particularly bad I
- will I will probably review it so I
- guess I started with a particularly bad
- but doesn't matter it is what it is so I
- don't recommend this book at all I mean
- it's just you can read it if you want to
- but it's just wasting time honestly so
- that's it see you next time Cheers
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