This should be behind gated content. I never, ever take notes from presentations, it feels like I've heard it all before. But this one… wow. Gold! Listen to this wonderful genius. Give it 20 minutes and I promise you, you will be busy jotting down his words as well.
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
00:00:00📈 Focus on High Potential Consequences – Success is determined by focusing on high potential outcomes while failure stems from low or zero potential consequences. – Emphasis on understanding the importance of effective time management and focusing on impactful tasks. – Many successful businesses began without formal business plans, countering traditional entrepreneurial teachings. 00:05:10🎯 The Importance of Focus – Focus is identified as the key quality for success among prominent entrepreneurs. – A personal success story illustrates how focusing can transform one's business journey. – The concept of "fail fast" is encouraged as a strategy for rapid learning and improvement. 00:10:06🧠 The Role of Thinking in Success – The most valuable work is identified as thinking, particularly distinguishing between fast and slow thinking. – Important decisions requiring slow thinking are often made too hastily, undermining potential outcomes. – The need for calming techniques and patience in decision-making processes is emphasized. 00:13:52🔍 Zero-Based Thinking – Zero-based thinking encourages reflecting on current commitments and questioning their ongoing relevance. – It advocates for courage in reassessing and potentially abandoning unproductive paths. – Examples illustrate the application of this thinking in both personal and business contexts. 00:18:32💼 Business Model Innovation – Stagnation in a business model can lead to obsolescence in a changing market environment. – Companies must remain adaptable and consider overhauling their business models to improve profitability. – Encourages ongoing evaluation of business strategies and practices to maintain competitiveness. 21:10⚙️ WPO Thinking Tool: Anticipating Worst Outcomes – The worst possible outcome analysis helps in decision-making and reduces fear. – Understanding that constraints between you and your goals exist can lead to greater focus on improving self-discipline and skills. 25:13🎯 Skill Development for Success – Identifying one key skill to master can significantly increase your income. – Focus on learning and refining business skills as they are all teachable and essential for climbing the income ladder. 29:37💡 Solution Orientation in Leadership – Successful leaders focus on solutions rather than blame when faced with problems. – Cultivating creativity and a positive mindset leads to effective problem-solving and enhances business outcomes. 36:09🏗️ Importance of Product Quality – The quality of your product or service is crucial for achieving business success. – A significant portion of a company's success hinges on customer satisfaction and the perception of quality. 39:41📈 Marketing vs Sales Strategy – Effective marketing strategies are essential to avoid the pitfalls of promoting low-quality products. – Understanding the distinction between attracting interest (marketing) and closing sales (selling) is vital to business success. 00:41:20📞 Importance of a Professional Sales Process – A structured sales process is critical for converting prospects into customers. – Successful companies follow a standardized sales process to achieve consistency across locations. – Transitioning from random selling to a systematic approach can significantly increase sales conversion rates. 00:43:02📊 The Significance of Metrics in Business – Measuring business activities quantitatively is crucial for success. – Identifying key performance metrics can illuminate potential areas for improvement. – Successful companies prioritize speed and efficiency in customer service, thereby enhancing customer satisfaction. 00:45:14🔍 Identifying Your Business's Most Important Number – Understanding and focusing on your 'number'—the key metric that predicts success—is vital. – Entrepreneurs often overlook vital costs leading to inaccurate assessments of financial health. – Companies that track their economic denominator can thrive even during challenging times. 00:47:00🤝 The Role of Customer Service in Business Success – Exceptional customer service is crucial for building loyalty and generating repeat business. – Organizations should prioritize customer happiness and respond proactively to complaints. – Taking customer satisfaction seriously can lead to significant financial success, as seen with Zappos' focus on customer care. 00:48:36🎯 Summary of the Seven Critical Elements for Success – A comprehensive understanding of critical business components is essential for long-term viability. – The absence of even one of the seven key elements can lead to a company's failure. – These elements include leadership, product quality, marketing, sales, metrics, business planning, and customer service.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
I feel people who talk about long screen timing addiction of other people are just ceazy. They selling their stuff online, want people to stay on their content online, want people to subscribe their services online but still think its a problem that people stay online most of the time.
Hiring fast is not an issue, it's Hiring without a plan in place and not knowing what you want and need before the actual process. 5his goes back to focus.
The guy knows about business, put politics and propaganda is not his stuff. Him laughing at his Russian friend tells me he knows very little of the occidental propaganda.
I think I made a mistake getting a dog a few years ago. She brings a lot of joy but also a lot of stress. There are days I feel regret getting her but the thought of giving her up fills me with guilt and shame and we do have a bond so I would probably miss her a lot. What it must feel like for parents of children that cause high stress I can only imagine. A dog, like your own child, you don't abandon and cut your losses on…..I've gotta do some serious slow thinking on how to make it work
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
This is a powerful tool for evaluating your life and business to identify and eliminate anything that isn't working or adding value. It requires courage, but the rewards can be huge.
Brian content is always great, he did some great teleconferencing on the shopping channel interviews back in 2006 in studio.. and a lot more since then.. Take notes even if you are not in business, good general life advice as well. 👍👋
These are the different positions at work. On a job these titles are: (boss/manager), (staff), (employee), and (technical support). This is how to run a business! reply
I do services and earn money, I also invest in a business but still in a circles of earning and spending for five years without saving. Can someone help with a saving plan
Brian Tracy's expertise in business and personal development is truly inspiring. As a host of a podcast focused on business and life advice, I deeply resonate with the principles discussed here. I'd love to connect and explore the possibility of featuring you or some of your audience members on our show. Let's help more people achieve their goals together!
49 comments
This should be behind gated content.
I never, ever take notes from presentations, it feels like I've heard it all before.
But this one… wow. Gold!
Listen to this wonderful genius. Give it 20 minutes and I promise you, you will be busy jotting down his words as well.
This is gold❤
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Focus
Calm
Slow thinking
Zero base thinking-*courage *
Cut your losses fast
Take care of customers
Improving quality
🎯 Key points for quick navigation:
00:00:00 📈 Focus on High Potential Consequences
– Success is determined by focusing on high potential outcomes while failure stems from low or zero potential consequences.
– Emphasis on understanding the importance of effective time management and focusing on impactful tasks.
– Many successful businesses began without formal business plans, countering traditional entrepreneurial teachings.
00:05:10 🎯 The Importance of Focus
– Focus is identified as the key quality for success among prominent entrepreneurs.
– A personal success story illustrates how focusing can transform one's business journey.
– The concept of "fail fast" is encouraged as a strategy for rapid learning and improvement.
00:10:06 🧠 The Role of Thinking in Success
– The most valuable work is identified as thinking, particularly distinguishing between fast and slow thinking.
– Important decisions requiring slow thinking are often made too hastily, undermining potential outcomes.
– The need for calming techniques and patience in decision-making processes is emphasized.
00:13:52 🔍 Zero-Based Thinking
– Zero-based thinking encourages reflecting on current commitments and questioning their ongoing relevance.
– It advocates for courage in reassessing and potentially abandoning unproductive paths.
– Examples illustrate the application of this thinking in both personal and business contexts.
00:18:32 💼 Business Model Innovation
– Stagnation in a business model can lead to obsolescence in a changing market environment.
– Companies must remain adaptable and consider overhauling their business models to improve profitability.
– Encourages ongoing evaluation of business strategies and practices to maintain competitiveness.
21:10 ⚙️ WPO Thinking Tool: Anticipating Worst Outcomes
– The worst possible outcome analysis helps in decision-making and reduces fear.
– Understanding that constraints between you and your goals exist can lead to greater focus on improving self-discipline and skills.
25:13 🎯 Skill Development for Success
– Identifying one key skill to master can significantly increase your income.
– Focus on learning and refining business skills as they are all teachable and essential for climbing the income ladder.
29:37 💡 Solution Orientation in Leadership
– Successful leaders focus on solutions rather than blame when faced with problems.
– Cultivating creativity and a positive mindset leads to effective problem-solving and enhances business outcomes.
36:09 🏗️ Importance of Product Quality
– The quality of your product or service is crucial for achieving business success.
– A significant portion of a company's success hinges on customer satisfaction and the perception of quality.
39:41 📈 Marketing vs Sales Strategy
– Effective marketing strategies are essential to avoid the pitfalls of promoting low-quality products.
– Understanding the distinction between attracting interest (marketing) and closing sales (selling) is vital to business success.
00:41:20 📞 Importance of a Professional Sales Process
– A structured sales process is critical for converting prospects into customers.
– Successful companies follow a standardized sales process to achieve consistency across locations.
– Transitioning from random selling to a systematic approach can significantly increase sales conversion rates.
00:43:02 📊 The Significance of Metrics in Business
– Measuring business activities quantitatively is crucial for success.
– Identifying key performance metrics can illuminate potential areas for improvement.
– Successful companies prioritize speed and efficiency in customer service, thereby enhancing customer satisfaction.
00:45:14 🔍 Identifying Your Business's Most Important Number
– Understanding and focusing on your 'number'—the key metric that predicts success—is vital.
– Entrepreneurs often overlook vital costs leading to inaccurate assessments of financial health.
– Companies that track their economic denominator can thrive even during challenging times.
00:47:00 🤝 The Role of Customer Service in Business Success
– Exceptional customer service is crucial for building loyalty and generating repeat business.
– Organizations should prioritize customer happiness and respond proactively to complaints.
– Taking customer satisfaction seriously can lead to significant financial success, as seen with Zappos' focus on customer care.
00:48:36 🎯 Summary of the Seven Critical Elements for Success
– A comprehensive understanding of critical business components is essential for long-term viability.
– The absence of even one of the seven key elements can lead to a company's failure.
– These elements include leadership, product quality, marketing, sales, metrics, business planning, and customer service.
Made with HARPA AI
Stick on business en leave Russia out plz
147#
Hamill Mills
I've been coming back every now and then to rewatch this, it's a LIFE CHANGER! thanks so much!
Gonzalez Patricia Perez Laura Clark Matthew
This was Good!🫡💜
I love universe
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
So much fluff. When does he get to the point? Sheesh
I feel people who talk about long screen timing addiction of other people are just ceazy. They selling their stuff online, want people to stay on their content online, want people to subscribe their services online but still think its a problem that people stay online most of the time.
❤❤❤
Thank you brain Tracy
nbj67
Everyone in August 2024✨
Hiring fast is not an issue, it's Hiring without a plan in place and not knowing what you want and need before the actual process. 5his goes back to focus.
❤❤❤❤😊
The guy knows about business, put politics and propaganda is not his stuff. Him laughing at his Russian friend tells me he knows very little of the occidental propaganda.
I think I made a mistake getting a dog a few years ago. She brings a lot of joy but also a lot of stress. There are days I feel regret getting her but the thought of giving her up fills me with guilt and shame and we do have a bond so I would probably miss her a lot. What it must feel like for parents of children that cause high stress I can only imagine. A dog, like your own child, you don't abandon and cut your losses on…..I've gotta do some serious slow thinking on how to make it work
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
This video could have been 45 seconds long. stay focused, stay calm, and if you'd like any other info just buy my course
This is a powerful tool for evaluating your life and business to identify and eliminate anything that isn't working or adding value. It requires courage, but the rewards can be huge.
Brian content is always great, he did some great teleconferencing on the shopping channel interviews back in 2006 in studio.. and a lot more since then.. Take notes even if you are not in business, good general life advice as well. 👍👋
great content, thanks!!
These are the different positions at work. On a job these titles are: (boss/manager), (staff), (employee), and (technical support). This is how to run a business! reply
Now we know why quality of everyting is going down people that dont know shit about their own business
wow that's really amazing
Anyone in august 2024
What a great concept, “put it on the plate”. Well done! I love quality products! I will pay extra for the good stuff!
This guy is awesome! It’s like he has read my mind
I do services and earn money, I also invest in a business but still in a circles of earning and spending for five years without saving. Can someone help with a saving plan
This video makes me want to stop smoking 🚭😂❤focus
Brian Tracy's expertise in business and personal development is truly inspiring. As a host of a podcast focused on business and life advice, I deeply resonate with the principles discussed here. I'd love to connect and explore the possibility of featuring you or some of your audience members on our show. Let's help more people achieve their goals together!
His words are the cheat codes to the success of business people like us
Priceless video , worth of ♾️ money
What a rude man.
Man this old sack of crap is worthless
wow i am really empress by this content
Upfront payments for quality leads and marketing are too pricey, and I can't afford it. I need a service where I only pay for results. Any ideas?
Thinking fast and slow is one of my favorite book 😍
drone
Amazing. “How to build wealth, do this..”
39:45 just like USA say to their people about Iraq, Afghanistan and other areas of the world they destoryed.
after this fortuned session i couldn't say anything but wooow
July 2024? 🤓
Anyone in July 2024 ❤❤❤❤❤