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Apr 4th, 2018
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  1. after spending 25 years observe your
  2. entrepreneurship through building is a
  3. multi-million dollar company running the
  4. fast lane for my writing one of the very
  5. best books entrepreneurship ever written
  6. mg the marker has put together the
  7. unscripted entrepreneurial framework a
  8. model that guides you right from being a
  9. slave to employee trading Monday to
  10. Friday for Saturday's Sunday and the
  11. mediocre paycheck into becoming an
  12. entrepreneur who lives life how he wants
  13. to live it and are free to do whatever
  14. you want to do and the beginning of the
  15. entrepreneurial framework is your FTE
  16. you'll fuck this event a moment when you
  17. realize how bullshit your job actually
  18. is how much your job is sucking the life
  19. out of you how miserable you are Monday
  20. to Friday and how Friday feels like a
  21. long needed gasp of air and by the time
  22. Sunday evening comes you're already
  23. dreading the following day you realize
  24. that this sentence is going to last for
  25. the next 40 years and by the time it
  26. finishes you're going to be old and
  27. literally a pensioner this moment of
  28. realization is your fuck this event the
  29. sparking your entrepreneurial journey
  30. that drives you along a new path step 2
  31. beliefs biases and bullshit men are not
  32. prisoners of things but of their own
  33. mind Franklin Roosevelt there are
  34. several stands as Envy describes we are
  35. led to believe which is cheat us out of
  36. reaching our full potential the lock
  37. step this is the belief that life's
  38. outcomes are mostly dependent on luck
  39. and action that only plays a small role
  40. people often look at someone like MJ who
  41. built a multi-million dollar company and
  42. say he got lucky
  43. completely ignoring the fact that he
  44. failed them for different industries or
  45. for succeeding completely ignoring the
  46. fact that he worked for years on his
  47. business every day didn't go out
  48. partying or waste time watching TV dr.
  49. Richard Wiseman is a psychologist who
  50. researched what makes people lucky and
  51. he concluded that lucky people are only
  52. lucky because they great notice and act
  53. upon the opportunity in their lives the
  54. main way that you make luck work in your
  55. favor is you make more attempt
  56. everybody knows that if you flip a coin
  57. once the odds of you getting heads are
  58. 50% but did you know that if you flip a
  59. coin ten times the odds of you getting a
  60. heads are 99.5% with any type of online
  61. business venture that you don't do the
  62. only thing limiting the amount of coin
  63. flips that you have to be successful is
  64. you and the time goes by you get more
  65. experience you make more calculated
  66. adjustments and the odds of you winning
  67. only increase
  68. belief number two the shortcrust and one
  69. did get rich by this new passive income
  70. secret methods yours for only 997
  71. dollars people are constantly looking
  72. for shortcuts ways to bypass the years
  73. of hard work to get what you want not
  74. only does this short drop mindset make
  75. you a prime target for stabbed but it
  76. also is a matter of negative effect that
  77. you're going to get massively frustrated
  78. when you don't see immediate results the
  79. answers of a short drop mindset is the
  80. process principle the process principle
  81. is that the debt what you want is don't
  82. require consistent input for years the
  83. process principle is that you are
  84. focused on incremental improvements
  85. every day once you adopt the process
  86. principle obstacles are expected and
  87. overcome you still feel frustration and
  88. angst but you accept it as part of the
  89. process and you debt shit done the money
  90. stamp MJ talks about his early days of
  91. entrepreneurship and how he didn't make
  92. any money because he was chasing money
  93. think about it like money is attacked do
  94. you try to catch the cat by chasing
  95. after the cat or do you try to catch the
  96. cat by leaving out a tasty bowl of tuna
  97. and waiting for the cat to come to you
  98. rather than focusing and chasing money
  99. you should instead focus on giving as
  100. much value as possible providing the
  101. very best possible service or product
  102. you can and then all you have to do is
  103. communicate that value and the money
  104. will follow there are four steps to
  105. delivering value great value communicate
  106. value agree on the price for that value
  107. deliver value meaning and purpose there
  108. is one quality which one must possess to
  109. win and that is a definiteness of
  110. purpose knowledge of what one wants and
  111. the burning desire to possess
  112. Napoleon Hill let's play a little quiz
  113. when Thomas Edison invented the light
  114. bulb was his determined effort driven by
  115. reading daily Instagram motivational
  116. posts be drawn to a Tony Robbins unleash
  117. the power of in seminar see practicing
  118. all the steps and tele McGonigle's book
  119. will power or D having a strong sense of
  120. meaning and purpose when Elon Musk
  121. launched Tesla was a result of a B C or
  122. D whenever you look at anyone who has
  123. accomplished anything great the number
  124. one driving force behind it was their
  125. sense of meaning and purpose that's not
  126. to say that a B and C don't help you at
  127. some point but the biggest most powerful
  128. driving force you could ever hope to
  129. have on your side is a strong sense of
  130. meaning and purpose your meaning and
  131. purpose fuel you to act persist and
  132. eventually win to find your meaning and
  133. purpose you have to get clear on your
  134. why's why are you pursuing this
  135. entrepreneurial journey one of the most
  136. powerful exercises you can do to get a
  137. strong sense of meaning and purpose is
  138. to list your wive's
  139. here are the author's why's he hated
  140. suits and the thoughts of wearing a suit
  141. was unbearable he wanted to own a
  142. Lamborghini he wanted to ease the burden
  143. from a single mother he wanted to retire
  144. early he didn't want money problems to
  145. potentially damage a marriage the
  146. stronger your wise the stronger you will
  147. be fuel to work what wise will compel
  148. you to work on Saturday night when
  149. everyone is getting drunk at the club
  150. what wise will compel you spoke plainly
  151. legends and focus on building your
  152. business genetic institution great
  153. institutions have made media or ideas
  154. highly possible and poor execution can
  155. make great ideas worthless but what is
  156. execution too many people think they're
  157. executing when they're not executing
  158. isn't any business cars with CEO printed
  159. on them it's not reading books it's not
  160. excessive learning it's not going to a
  161. networking event where you're building
  162. contacts institution has one common goal
  163. when you're starting a business
  164. and that is it's the quickest and least
  165. expensive path to getting your first
  166. customer and if you already have
  167. customers execution is the quickest and
  168. least expensive route to creating a
  169. product so good it sells itself Fastlane
  170. entrepreneurship have you ever wondered
  171. why certain company tax spend millions
  172. of dollars has to stay a flea or lover
  173. companies are highly successful yet he
  174. never see ads for them anywhere
  175. take Tesla for example now America's
  176. most valuable car company when was the
  177. last time you saw an ad or a billboard
  178. poster for Tesla there are two ways that
  179. businesses can reach people the first
  180. way is what advertising does it pushes
  181. the product out in front of somebody so
  182. they see it
  183. however high-quality products do not
  184. require advertising because of their
  185. quality people will naturally talk about
  186. them people would naturally talk about
  187. them positively on forums online write
  188. good reviews recommending to friends
  189. with MJ's first book I didn't see an ad
  190. for it I wasn't thrown into a sales
  191. funnel for it but every time I catch
  192. something like a list of top 10 books on
  193. entrepreneurship
  194. The Millionaire Fastlane tech coming up
  195. again and the den and it was through
  196. this word-of-mouth that the book went on
  197. to so close to half a million coffees if
  198. your company is not selling itself then
  199. you have a product problem sure
  200. marketing and advertising help to sell a
  201. product but they should only be seen as
  202. Fanning the flames rather than fire
  203. itself investing the time to create a
  204. high quality product will in turn give
  205. you more time and freedom because you
  206. won't be having to push your product in
  207. front of people at the whole time
  208. Financial Management you got to work
  209. hard to get it and you've got to work
  210. twice as hard to maintain it dr. Drake
  211. being able to make money is only part of
  212. regaining your freedom what you do with
  213. it is the second part one of the biggest
  214. ways that people waste money is through
  215. comparing themselves to other people
  216. comparison focuses on what is missing
  217. and creates anxiety gratitude focuses on
  218. what you have and creates bliss if you
  219. are comparing yourself to other people
  220. there will always be someone with a
  221. bigger house with a faster car
  222. and the finish line would always be
  223. moving you will never reach it I hope
  224. you found this video useful if you've
  225. got something down a bit leave a like
  226. and if you want to see more like this
  227. make sure you subscribe because I've got
  228. plenty more to come I
  229.  
  230.  
  231. so what does it mean to be unscripted
  232. entrepreneur let's go over MJ DeMarco
  233. snoo book unscripted these are my top of
  234. five takeaways so let's get fucking into
  235. it number five the scripts it is a
  236. system that has been formed to keep in
  237. the position that you are in it's modern
  238. day slavery in the 1999 movie The Matrix
  239. the protagonist new realizes that many
  240. of the inhabitants of Earth have been
  241. living in the dream world
  242. a virtual reality that's been fed to
  243. humans by parasitic machine race virtual
  244. reality distracting them from the
  245. discomforting truth our script is the
  246. socially conditioned narrative that we
  247. have been indoctrinated into so
  248. scalability consists of many fallacies
  249. fallacies such as to succeed in life you
  250. need to go to school you need to get
  251. good grades you need to receive a
  252. college degree now people that create
  253. wealth in themselves are in the position
  254. that they're in because of luck rich
  255. people are usually shady retirement
  256. happens at age 65 as if you worked for
  257. many years for a good company they'll
  258. take care of you compound interest is
  259. the key to riches you should do what you
  260. love so that you'll have to work a day
  261. in your life starting a business is a
  262. risky and you should put your money in a
  263. 401k other safe investment vehicle such
  264. as mutual funds these fallacies are
  265. preached by seeded on the effort to
  266. create you into a model citizen which is
  267. abbreviation for mediocre obedient
  268. dependent entertained and of course
  269. lifeless takeaway number four that do
  270. what you love miss the pursuing
  271. financially independent embody with the
  272. same old tired advice or do what you
  273. love the basic premise being that if you
  274. do what you love you never work a day in
  275. your life some sort of lovely doesn't it
  276. the problem with this notion is that
  277. doing what you love pays no fucking
  278. attention to what the market needs
  279. instead focuses on your own selfish
  280. desires
  281. just because you love going to the gym
  282. doesn't mean that you should be a
  283. personal trainer it doesn't mean that
  284. you should start the thousand YouTube
  285. Fitness channel attempt to get rich just
  286. because you like playing college it
  287. doesn't mean you should start a fucking
  288. YouTube vlog gamer channel there's
  289. already too many of those just because
  290. you like hello kittens doesn't mean you
  291. should make another blog that's
  292. saturating the internet the market does
  293. not revolve around what you love or what
  294. you want the market is selfish - selfish
  295. beasts it only cares about one thing and
  296. that is what it means similar concept
  297. was talked about in the email who
  298. visited just because you know how to do
  299. something doesn't mean you should
  300. revolve your business around that thing
  301. the skills needed to make your famous
  302. apple pie recipe and other skills needed
  303. to run this apple pie business they're
  304. two completely different things running
  305. a business being entrepreneurs a
  306. different skill set to do an activity
  307. that you like to do and there's also
  308. another side to this coin if you start
  309. doing what you love as a business
  310. venture you might end up hating what you
  311. initially loved this happens in many
  312. cases do what you love is a myth that is
  313. propagated on many of the Guru's
  314. understand that there is a difference
  315. between do what you love and putting in
  316. love into your work you don't have to
  317. enjoy cleaning your backyard but you
  318. can't quit love into the work and do a
  319. good job so don't over do what you love
  320. myth takeaway number three the gurus and
  321. the compound interest myth how many
  322. gurus have you heard given the same old
  323. advice about the power of compound
  324. interest the power of the stock market
  325. how you should cut coupons and not have
  326. a coffee in the morning the advice is
  327. repeated over and over ad nauseam in it
  328. just about every finance Bolin these
  329. gurus offer you advice about investing
  330. in mutual funds and other investments as
  331. a way to get rich fast promising
  332. incredible
  333. one problem that these gurus do not
  334. follow their own advice that don't
  335. practice what they preach the truth of
  336. the matter is that the investment
  337. vehicles do not usually create explosive
  338. growth unless you're dealing with large
  339. volumes compound interest works well
  340. when you already have a large principal
  341. work with not your pennies these groups
  342. make their money from their books that
  343. they sell the expensive cinemas and
  344. their retreats they run they're not
  345. making their fortune from stock market
  346. they're making their fortune from
  347. charging clients thousands of dollars to
  348. learn about the stock market the market
  349. can't be predicted but these gurus would
  350. have you believe that you can read it
  351. the secret can be yours once you sign up
  352. to the email list and buy the new DVD
  353. course they won't tell you about the
  354. inflation rates or the threat of
  355. financial recessions no way no fuck away
  356. that shit will scare you away instead
  357. they'll tell you the same story about
  358. how if you bought stocks in coca-cola
  359. back in the early 1900s you'll be able
  360. to enjoy millions of dollars right now
  361. yes at the age of a hundred and
  362. something you can finally fall like Dan
  363. Bilzerian does not sound great let's put
  364. our faith in these gurus or not take
  365. away to value cheese there's a new breed
  366. of entrepreneurs as plagued the market
  367. the new breed is in it to make a quick
  368. buck by any means necessary these fake
  369. Oprah Knorr are the ones that try and
  370. cheat value entrepreneurship is
  371. fundamentally based on providing value
  372. and solving problems these guys will try
  373. to provide the least amount of value
  374. possible all while trying to receive the
  375. most amount of money possible these are
  376. the guys that run affiliate links to
  377. dodge of products or through their pages
  378. these the guys are try using dodgy
  379. blackhat SEO tactics to get traffic to
  380. their pages these the guys are spam
  381. Kindle with crappy copypasta ebooks and
  382. try upsell you on their VIP courses as
  383. soon as the trend dies they die they hop
  384. from blogging to Kindle ebooks to
  385. Shopify to dropship into whatever's
  386. popping at the moment
  387. it's all about trends ultimately value
  388. Chiefs don't stay long in business you
  389. can only achieve value for too long
  390. before you have to face the consequences
  391. as Peters age entrepreneurs offer real
  392. value in exchange for monetary gains
  393. they offer value by solving problems
  394. problems are often solved in one or two
  395. ways one innovation of a new product or
  396. a system or two making improvements on
  397. an existing product or system think
  398. about uber uber was incredibly
  399. successful because it made improvements
  400. on a problem that existed the taxi
  401. industry for years people complained
  402. about how cabs were often too unreliable
  403. and too expensive but no one did
  404. anything about it into Luber jumped into
  405. the picture lubbers destructing the
  406. industry because of the improvements
  407. made or the customer experience they are
  408. a typical example of a successful
  409. entrepreneurship venture just making
  410. improvements when people ask for them
  411. innovation is creating something
  412. entirely new something new to the market
  413. entering a blue ocean which you can
  414. create a monopoly you check out blue
  415. ocean strategy book about this it goes
  416. into more detail a good example of
  417. entrepreneurship innovation is streaming
  418. services such as Spotify and Apple music
  419. that now gaining enhance popularity it's
  420. far easier to improve an existing
  421. problem over creating some entirely new
  422. so if you want to make a product and be
  423. entrepreneur look for existing problems
  424. that are there and what improvements you
  425. can make on the products or the systems
  426. that are currently in use takeaway
  427. number one and perhaps the most
  428. important takeaway from the book is the
  429. process this is the event
  430. entrepreneurship not just
  431. entrepreneurship many successful
  432. ventures consists of many processes that
  433. go unheard by the masses the script
  434. would have you believe that things
  435. happen due to sudden events for example
  436. the script will have you believe that an
  437. actor gets the blockbuster role from an
  438. event some college kid that's the
  439. biggest social media site on planet
  440. Earth
  441. from an event the youtuber becomes a
  442. millionaire from an event where the
  443. Scriptures not highlight is the person
  444. on the live these events they act as
  445. hundreds of additions and embarrassing
  446. rejections the college gives 10,000
  447. hours of programming collectivism
  448. mastery and many failed attempts that
  449. youtubers hundreds of their videos of
  450. sleepless nights and editing problems
  451. and all that bullshit entrepreneurship
  452. is the game of process it's not a
  453. glamorous event a glamorous event does
  454. happen plus after process instead here's
  455. a life in the trenches entrepreneurship
  456. is not easy you must be willing to
  457. constantly work on your vision
  458. all while embracing the fact that you
  459. might not get rewarded instantly MJ
  460. talks about the desert of desertion
  461. which is a period when you're
  462. implementing something new and you don't
  463. get feedback for a while and this
  464. we'll give up but not you if your
  465. entrepreneurship gets pushed through
  466. that shit there is no instant
  467. gratification this is a long-term game
  468. most people won't be successful
  469. entrepreneurs because it requires you to
  470. go against your fundamental human nature
  471. it requires you to be formless like
  472. water as Bruce Lee said there are no
  473. clear-cut blueprints there are no simple
  474. step-by-step guides to follow it's only
  475. actions of feedback human nature is lazy
  476. which is a quality that entrepreneurs
  477. can embrace this shit ain't for
  478. everybody those are my top five
  479. takeaways I highly highly suggest you
  480. guys check out MTA DeMarcos new book so
  481. my favorites if you haven't read The
  482. Millionaire Fastlane go check that out
  483. I've only scratched the surface here in
  484. terms of the content in the book you
  485. want to read the book to really
  486. understand what the fuck is going on and
  487. I've got a link in the description it's
  488. coming affiliate link because I'm one of
  489. those value cheats and whatnot but
  490. anyway I hope you guys like it peace
  491. until next time
  492. you
  493.  
  494.  
  495.  
  496.  
  497.  
  498.  
  499.  
  500.  
  501. ooooooooooooooooooooo
  502.  
  503. hey it's be a Brander I'm back today we
  504. can discuss the book unscripted by MJ
  505. DeMarco I was sent this book on
  506. recommendation from from a colleague and
  507. he was very enthusiastic about it so uh
  508. so I said okay I'll I'll read it lately
  509. I don't read in many books at all
  510. business books because you know there's
  511. nothing new in the world of business
  512. unless it's in crypto which I hide
  513. myself about crypto but that's pretty
  514. much it lately so I started reading this
  515. book and I was expecting you know great
  516. things about it
  517. and well let's be honest it was a big
  518. disappointment why was it a big
  519. disappointment well the thing is that
  520. okay let's do this there's there's good
  521. news about it in this bad news about
  522. this book the good news is if you like
  523. reading and if you enjoyed war and peace
  524. then you'll love this book because
  525. because it's almost as long and almost
  526. as nonsensical you know so that's good
  527. news and the bad news is that the author
  528. spends two thirds of the book which is
  529. our 250 pages complaining about the
  530. state of the world and complaining about
  531. life basically he spends 250 pages of I
  532. don't know 400 pages or something like
  533. that complaining about things look if I
  534. wanted to spend money and or if I wanted
  535. to read a book by a complainer you know
  536. I wouldn't be spending money on it so I
  537. mean 250 pages just complaining about
  538. the world how things are and how life
  539. sucks and I don't know I mean from
  540. somebody who's who claims to be a
  541. multimillionaire which by the way means
  542. in marketing speak I have two million
  543. okay and I mean for somebody who claims
  544. to be a multimillionaire
  545. he sure complains about life a lot I
  546. mean shouldn't he just be enjoying his
  547. life anyway it doesn't matter then after
  548. about two-thirds of complaining then we
  549. sort of finally come to the meat of the
  550. book and the meat is
  551. is five laws of business and those are
  552. spelled cent I don't know if that's a
  553. great marketing to name five laws of
  554. business where you plane that you're
  555. gonna make millionaires out of people by
  556. reading this book if they read this book
  557. and then calling the five laws of
  558. business cent c e and TS I don't know
  559. anyway okay the naming wouldn't be such
  560. a problem if if actually all the laws if
  561. all the laws worked three of the five
  562. laws sent three of the five laws are not
  563. actually applicable they don't even work
  564. I mean if you follow these three laws
  565. you're gonna fail okay
  566. there's you know law of of entry law of
  567. need law of time and some other stuff it
  568. doesn't matter really two of them time
  569. and entry yeah okay
  570. those two apply but let's let's give an
  571. example of
  572. of the law of actually the law of need
  573. well the law it states that you have to
  574. fill the need in the market that you
  575. have to sell something that people need
  576. so you can sell them otherwise that
  577. you're not gonna be able to sell if they
  578. don't need it
  579. newsflash most things that people buy in
  580. the modern world are once nutmeat okay
  581. most of the things that's one floor the
  582. second floor is that most of the great
  583. fortunes were made by supply side not
  584. the demand side of the economics that
  585. makes plain somebody comes with
  586. something totally new and people don't
  587. even know that they need or want that
  588. thing before they see that thing and
  589. once they see it to say okay I want this
  590. and all the greatest fortunes have been
  591. made like that from the supply side not
  592. from the demand side so that's the
  593. that's the second floor and this is the
  594. fatal fall actually so if you follow
  595. this if you follow this thing you might
  596. be moderately successful because you're
  597. going to be competing with the rest of
  598. the people that are filling needs and
  599. wants and there's lots of people and
  600. there's going to be huge competition and
  601. when there's competition it all comes
  602. down to price if the products are sort
  603. of the same quality and sort of they do
  604. the same thing it all comes down to
  605. price so this law and two other laws are
  606. totally nonsensical you know they don't
  607. work for big success or just you know
  608. average little small things where you
  609. going to compete like crazy on price
  610. with somebody don't do that okay
  611. you can if you want to but I wouldn't
  612. recommend that don't do it
  613. so these five laws three of them don't
  614. work two of them are okay so this is
  615. supposed to be the meat of the book and
  616. then after that is just more waffling
  617. and you know talking about stuff that
  618. doesn't matter about business so I mean
  619. it was a big disappointment it was just
  620. basically wasting time so the author I
  621. guess you know I guess let's say he
  622. knows his stuff you know but the problem
  623. is he claims to be a multimillionaire
  624. which in marketing speak means I have
  625. two million you know at least but
  626. probably about two million everybody
  627. that has two million or a little bit
  628. more say oh I'm a multimillionaire okay
  629. you can do that on investing in a 401k
  630. and your employer matching your funds
  631. and buying one or two houses and that's
  632. it
  633. I mean you don't have to spend 20 years
  634. in business to do that okay you don't
  635. have to do that you can just be an
  636. employee and just invest in 401k invest
  637. a little bit have a matching of your
  638. employer by just a few real estate buy
  639. some real estate not a lot just a little
  640. bit and you're a multi-millionaire in 20
  641. years easy but this guy says to bust
  642. your butt in business to take huge risks
  643. to work a lot to have employees to deal
  644. with all the taxes and all the
  645. regulations and okay in IT there's not
  646. much regulation but you know everything
  647. changes right but you know you're taking
  648. huge risks risks in business huge risks
  649. and if you're not that sort of
  650. person who can take risks whose
  651. cool-headed person who has anxiety about
  652. everything then I don't think that's
  653. that business is for you so the more
  654. sure way to become a millionaire is just
  655. to do what I said before I mean he spent
  656. he says he spent I don't know what he
  657. said I think he said he he said that he
  658. spent 20 years in business and in
  659. investing to earn 902 million dollars or
  660. whatever he has if he has that I mean
  661. why would you bust your butt for 2
  662. million for 20 years that's nothing
  663. that's almost nothing my net worth is
  664. the same after just a couple of years
  665. okay I mean this is ridiculous I mean I
  666. wouldn't follow this at all sense come
  667. on man the only thing that you're gonna
  668. earn by following these laws are cent
  669. not dollar cent I mean it's crazy anyway
  670. I don't I don't usually do book reviews
  671. but you know if if a book is
  672. particularly good or particularly bad I
  673. will I will probably review it so I
  674. guess I started with a particularly bad
  675. but doesn't matter it is what it is so I
  676. don't recommend this book at all I mean
  677. it's just you can read it if you want to
  678. but it's just wasting time honestly so
  679. that's it see you next time Cheers
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