7 Growth Strategies To Scale from $0 to $100 Million Company with Patrick Bet-David
Release Date: 12/13/2017
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The opportunity for your personal brand is greater than the opportunity for your business' brand.
The people who ask, "Do you really need both?" are failing to see this truth. With a personal brand, you are able to differentiate yourself from the competition in a wildly unique way. The landscape caters to individuality; it’s a platform for self-expression. However, with a business’ brand, the story behind the product or service inevitably gets diluted by the fact that it is a product or service and not an individual.
This means that succeeding with both brands requires different sets of skills. Maybe you’re shy and don’t believe you can be in front of a camera promoting who you are or what you represent. Or maybe it’s the opposite, that you aren’t sure what the story is behind your product or service, or if you do, you don’t know how to tell it.
On today’s episode of The Tai Lopez Show, we are joined by Patrick Bet-David, who has succeeded with both his personal and business brands. A child-refugee from Iran, Bet-David ultimately landed in America where he founded his insurance company, PHP Agency, which now employs over 6,000 people. And in more recent years, with the rise of the Internet and social media, Bet-David knew he had to launch his personal brand, Valuetainment, which has 400,000+ subscribers on YouTube.
Patrick discusses the challenges one faces when growing a business or brand in today’s episode. From selling such an unsexy product like insurance figuring out who to hire when growing his team, Patrick Bet-David has a lot to teach us and we are hear to listen and learn.
And don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“I think shadowing is a very useful tool. Learn from others, see what they’re doing right, what they’re doing wrong, and where you can do better.” - Patrick Bet-David
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Points to Keep In Mind
- Get specific on your target audience
- Confucius said: “The man who chases two rabbits catches none.” Read Gary Keller’s The One Thing to figure out your one rabbit
- Find competitive markets that you can put one twist to make new markets with no competitors - The Blue Ocean Strategy
- Find a way to minimize mission, the smaller you get the more you can make
- When hiring, view talent as talent
- A genius maid will be better at marketing than someone who thinks he/she is a genius at marketing
- Use personality questionnaires for hiring (ex: STAR); most will tell you the same thing
- When interviewing, find the interviewees point of motivation to take action
- Read The Quiet Power of Introverts
- You can judge a lot by how long someone works with their family
- Shadowing people is the most important lesson in business
- Social media will equalize the world by sharing information barrier-free