8 Lessons From Building A Multi Million Dollar Business

แชร์
ฝัง
  • เผยแพร่เมื่อ 29 ต.ค. 2024

ความคิดเห็น • 120

  • @joshuakoehler6457
    @joshuakoehler6457 4 ปีที่แล้ว +69

    8 Lessons:
    1. Focus on doing one/a few things well rather than spreading yourself too thin - 0:49
    2. Marketing - make sure people know your product exists - 1:54
    3. Do more with less - 3:02
    4. Spend time streamlining and optimizing - 4:32
    5. Have a roadmap - 7:01
    6. Don't be afraid to spend money - 8:13
    7. Realize your business will go through cycles - 9:42
    8. Trust and open communication are critical - 11:14

  • @NamanJain-cc9fr
    @NamanJain-cc9fr 4 ปีที่แล้ว +92

    What a weird way to flex that your company's worth hit $1 million. Congratulations though !

    • @mushifalinawaz
      @mushifalinawaz 4 ปีที่แล้ว +10

      You don't say $1M a multimillion!

    • @megaman2016
      @megaman2016 4 ปีที่แล้ว +9

      Correction $2m+

    • @clem
      @clem  4 ปีที่แล้ว +12

      💪😎

    • @gabrielfemi3257
      @gabrielfemi3257 4 ปีที่แล้ว +1

      @@clem Maturity! Let the guy talk. Nice one

    • @mattiplays4226
      @mattiplays4226 4 ปีที่แล้ว +1

      Congrats

  • @aryanbhatia6992
    @aryanbhatia6992 4 ปีที่แล้ว +60

    when you realize that clement has been giving you his house tour by recording in different rooms ....

    • @hackweiser4127
      @hackweiser4127 4 ปีที่แล้ว

      😂🤣

    • @govind22703
      @govind22703 4 ปีที่แล้ว

      😂😂😂

    • @MagnusAnand
      @MagnusAnand 4 ปีที่แล้ว

      I thought the same thing 😂😂

    • @clem
      @clem  4 ปีที่แล้ว +14

      😂I'm planning on doing a legit house tour eventually-stay tuned!

    • @manu-singh
      @manu-singh 4 ปีที่แล้ว +1

      @@clem bro the frequency of your ads is getting little out of hand

  • @BusinessBasics
    @BusinessBasics 4 ปีที่แล้ว +3

    Thanks for sharing! A lot to take away and as a business teacher myself, I resonate with a lot of your points.
    1) Focusing on your core products and services allows you to specialize, do it well, and produce it with high quality. Doing too many things and spreading resources takes away from your specialty.
    2) So many people understate the importance of marketing. Important to get the word out and increase reach to get people to notice you. Also important to encourage repeat business and build a customer base.
    3) Growing slowly is important; it's important to spend on your business at the start, but the revenue streams have to be consistent before increasing staff. Many businesses just borrow a loan, start throwing money into things, and then they're left in a poor financial state.
    4) I studied optimization and efficiency and it's a big part of consulting. Simply doing things just "because we've always done them" is a death null for businesses. You have to continually look for ways to make things more efficient, optimize your business processes so that you're more profitable and you can scale up.
    5) YES YES YES. So many businesses jump into selling without a road map / business plan and it's so frustrating. You have to have a holistic approach to plan for anything that may arise.
    6) Totally agree. My philosophy is in order to make money, you have to spend money first. But spend it wisely; investing in a quality product and service is necessary, and then marketing. Buying things you don't need is not necessary and a waste.
    7) Having a growth mindset and realizing that businesses will ebb and flow in regards to revenue is important. Seasonal businesses like ice cream stands are really busy in the summer, but quiet in the winter months so future entrepreneurs have to take this into account.
    8) Entrepreneurs have to set the tone for the company. If they are honest, trustworthy, and act ethically, employees will follow. If an entrepreneur is narrow minded, and creates a culture of negativity / toxicity, then the company and employees suffer.

  • @yasithph
    @yasithph 4 ปีที่แล้ว

    Clement is probably one of the few who is actually success on a business and is sharing his success. All others we see on youtube are people who got success by teaching people to become success. The knowledge you are sharing is priceless. Thank you ❤️

  • @Aks-47
    @Aks-47 4 ปีที่แล้ว

    Been following you FROM A YEAR. You are an inspiration. This ain't coming just cuz a lot of bloke's tell but it is true.... Your project's, your card's magic, damn.... What a person!

  • @hackweiser4127
    @hackweiser4127 4 ปีที่แล้ว +47

    Having A million dollar is cool, you know what's cooler....having a BILLION dollars 😂🤣

    • @codingwithbobby8340
      @codingwithbobby8340 4 ปีที่แล้ว +2

      im suprised no one else got the refrence

    • @JustSkillGG
      @JustSkillGG 4 ปีที่แล้ว +1

      lol
      I just watched Social Network and I see this comment :D

    • @hackweiser4127
      @hackweiser4127 4 ปีที่แล้ว

      @@JustSkillGG 😅😂

    • @clem
      @clem  4 ปีที่แล้ว +13

      One of the best lines from that movie, along with "If you guys were the inventors of Facebook, you'd have invented Facebook."

    • @melenus7312
      @melenus7312 4 ปีที่แล้ว +3

      Drop the "the", just "facebook", that's cleaner

  • @Nihongomax
    @Nihongomax 4 ปีที่แล้ว

    Accurate and to the point as you are in your every video. Just I wanna add the 9th point may be you have to identify and adjust the priority because the tasks can become overwhelming sometimes they can distract you. Give me heart if you agree

  • @jaime7295
    @jaime7295 4 ปีที่แล้ว +1

    I love these kind od videos where you share your experiencie with bussiness

  • @josephwong2832
    @josephwong2832 4 ปีที่แล้ว

    Congrats Clem
    hope your channel and Algoexpert continue to thrive

  • @user-wc1sm8cj8s
    @user-wc1sm8cj8s 4 ปีที่แล้ว

    When I think I know where to prepare for, until I heared Clement said the word "Customer Service",...........DAMN IT!!!!!

  • @harispapadopoulos4295
    @harispapadopoulos4295 4 ปีที่แล้ว +1

    Nothing better than watching my favorite TH-camr after a long day

  • @maxnix9256
    @maxnix9256 4 ปีที่แล้ว

    Video idea: how to start a company with a good friend/what is important...
    Looking at your team, you founded the company with a good friend and now your brother and a friend of him joined your team. I think many people think about founding with friends, but I imagine that it has its benefits, but also some drawbacks. I think this would be a great topic to share your experience.

  • @karna5998
    @karna5998 4 ปีที่แล้ว

    Technically This Is Also A Marketing Video Hidden Under Valuable Information, Great Video

  • @TimsDaBossMC
    @TimsDaBossMC 4 ปีที่แล้ว

    the company has much more potential for higher evaluations, especially if any prep site like princeton review or macmillan education decides to buy them out for 50+ million. The only thing I hope is that clement still stays down to earth and keeps us fans updated thru youtube :D

  • @BoiledKoolaid
    @BoiledKoolaid 4 ปีที่แล้ว

    multi-million dollar business holy shit i had no idea u blew tf up like that! congratulations man!!!

  • @omatbaydaui722
    @omatbaydaui722 4 ปีที่แล้ว +7

    Well, let me give you some advice on how to have a multi milllion dolar business:
    1) be born in the us
    2) work in silicon valley (preferably at google and the like)
    3) start a business (preferably a business that sells the shovels)
    4)...?
    .
    .
    .
    8) profit

  • @samuelweb6595
    @samuelweb6595 4 ปีที่แล้ว

    Very helpful. Thanks Clement!

  • @dmitriymeh
    @dmitriymeh 4 ปีที่แล้ว

    Thanks a lot for sharing such a valuable personal experience.

  • @gerardojaviervaldezlozano2532
    @gerardojaviervaldezlozano2532 4 ปีที่แล้ว

    What is preventing AlgoExpert from growing any more is that you no longer sell 1 month subscriptions. It is too expensive to buy for the whole year, especially if you do not come from the US. So people will naturally look elsewhere into LeetCode and HackerRank because they do have free versions that you can use

  • @gaureesha9840
    @gaureesha9840 4 ปีที่แล้ว +3

    Congratulations Clement! What made u think that your business model would work when there r already popular platforms like leetcode, hackerrank..?

  • @prodevmahi4901
    @prodevmahi4901 4 ปีที่แล้ว

    Wonderful, very insightful

  • @shnerdz
    @shnerdz 4 ปีที่แล้ว +1

    the ceos of shopify and tesla have polar opposite opinions on how much you should be working. shopifys ceo believes in maintaining good wlb, working 40h/week, whereas teslas ceo says he works 80h+/week, saying that you would effectively get things done twice as fast. what are your thoughts?

  • @ALee-2DAnimator
    @ALee-2DAnimator 4 ปีที่แล้ว

    So happy for you all.!!!

  • @phaseblade
    @phaseblade 4 ปีที่แล้ว

    Great channel - I love your transparency and thoroughness. Question: how important is formal education (e.g. MBA, certified designations) in building a business?

  • @CyberCreed
    @CyberCreed 4 ปีที่แล้ว

    Can you do the food comparison video of all the FANG companies and where will you like to eat ?? 😅😅

  • @anirudhtd7193
    @anirudhtd7193 4 ปีที่แล้ว +1

    Clement, how long did it take you to ship your new programming language project? And was it done by you alone? And how long did it take you to write the backend of algoexpert?

  • @aakashyadav8327
    @aakashyadav8327 4 ปีที่แล้ว

    Congratulations clement love ur 🎥🎥😍

  • @Clapzy
    @Clapzy 4 ปีที่แล้ว +4

    Man i am very sad when your gf just say i am not good enough but i love algo expert.

  • @hackweiser4127
    @hackweiser4127 4 ปีที่แล้ว +7

    13:32 gotta work on this one😅🤣

  • @cristlui4
    @cristlui4 4 ปีที่แล้ว

    Going well Clement. Thanks for asking! :D

  • @deepagusain8944
    @deepagusain8944 4 ปีที่แล้ว +1

    I am 13 years old. I want a job in Google and i am learning python. I am learning python by a online tutorial in you tube. So is it right to learn from you tube? And after learning python, What should I do next? Can you please instruct me?

  • @boot-strapper
    @boot-strapper 4 ปีที่แล้ว

    What made you choose an idea that's been done so many times before? There are sooo many interview prep sites. What made you believe you would succeed? I'm trying to start a company but having trouble coming up with a unique and valuable idea.

  • @carzidcojava
    @carzidcojava 4 ปีที่แล้ว

    You rock, Clement!

  • @sharingan998
    @sharingan998 4 ปีที่แล้ว

    Thanks

  • @okletsdoitt
    @okletsdoitt 4 ปีที่แล้ว

    Smashed the like button before the video started

  • @Grr1967
    @Grr1967 4 ปีที่แล้ว

    As usual, enlightening!

  • @abderrahimhaddadi4023
    @abderrahimhaddadi4023 4 ปีที่แล้ว

    Clement do you think auto-promoting your business in your youtube channel and other channels is a better idea than the classical marketing strategies ? what are the ups & downs ?

  • @arijitdas7526
    @arijitdas7526 4 ปีที่แล้ว

    I always thought that how ugly the name 'algoexpert' is. But recently I realize it makes sense. Algorithm expert... Nice!!

  • @kfc-enjoyer-based
    @kfc-enjoyer-based 4 ปีที่แล้ว +1

    Wait multi million dollar business and 4people - cloud cost =
    Clement is multimillionaire in the making

  • @mayowaajidasile1606
    @mayowaajidasile1606 4 ปีที่แล้ว

    Hey Clement, could you please give some tips on freelancing or how a software engineer could improve his skills(Technical)

  • @DimitrisTheo
    @DimitrisTheo 4 ปีที่แล้ว +1

    Almost 200K subs!!!

  • @georgemunyoro
    @georgemunyoro 4 ปีที่แล้ว

    sooo, how do i go about getting hired at algoexpert? i mean, FAANG = Facebook, AlgoExpert, Amazon, Netflix, Google

  • @SJHunter86
    @SJHunter86 4 ปีที่แล้ว

    Do you feel Fullstack Academy gave you everything you needed to start working as a junior dev right after graduating, or was there a long self study to fill gaps after?

  • @shreyaszond4495
    @shreyaszond4495 4 ปีที่แล้ว

    A really personal question but...
    How much stake do you have in this company...??😬plz take it lightly

  • @andreii1610
    @andreii1610 4 ปีที่แล้ว +2

    I like how it ends with i will see you in the next V

  • @fitandfuriousofficials
    @fitandfuriousofficials 4 ปีที่แล้ว

    PLEASE MAKE VIDEO ON DATA SCIENCE PROCEDURE

  • @vincesanchez7790
    @vincesanchez7790 4 ปีที่แล้ว +3

    Clement did your website use React Hooks

  • @akashgkrishnan9596
    @akashgkrishnan9596 4 ปีที่แล้ว

    Hi clem.. i just love using algoexpert.. i mean its supercool and fun to use.. the user experience is so great and seamless and intuitive.. i have just started using the platform and have made progress and m hoping to be a software developer..however i have one suggestion. Please improve the ui/ux of system design. I mean w.r.t to algo expert system expert looks ugly.

  • @shrug5489
    @shrug5489 4 ปีที่แล้ว

    Hit the subscribe button: "What's up everybody, how's it going"
    Smash the like button: "Hello everybody, welcome back to AlgoExpert"

  • @CardinalHijack
    @CardinalHijack 4 ปีที่แล้ว

    3.5 years - jeeze didnt realise it was so long ago.

  • @tilakmadichettitheappdeveloper
    @tilakmadichettitheappdeveloper 4 ปีที่แล้ว +2

    so that's why you didn't answer when I asked you if you are a millionaire. you wanted to use "multi-millionaire" in your title 😁👌👌 good job clement !

  • @nelsonthekinger
    @nelsonthekinger 4 ปีที่แล้ว

    I Like you man! Your marketing is neat. The girls is hot. And you also double the marketing in every video! much success! thanks for the openness!

  • @bubusarkar7930
    @bubusarkar7930 4 ปีที่แล้ว

    Very good video!!

  • @MagnusAnand
    @MagnusAnand 4 ปีที่แล้ว

    Good list

  • @abnersoaresalvesjr4519
    @abnersoaresalvesjr4519 4 ปีที่แล้ว

    @Clément Mihailescu there is any e-mail that I can contact you to ask one thing? I would like to purchase your Algoexpert + SystemsExpert. However in Brazil it becomes a little bit expensive due to Dollar -> Brazilian Reais conversion. I think there are other countries where people have similar situation. Do you have any e-mail that I could contact you?
    BTW. Thanks for your videos and also for the free questions.

  • @bhojwanimahima2676
    @bhojwanimahima2676 4 ปีที่แล้ว

    I want to buy your course, but i am not bale to.. not able to save the card or make GPay payments.
    Can anyone assist.
    is it safe to put card details.. do you have any emailId where we can email you and ask questions.

  • @danielvillanueva2859
    @danielvillanueva2859 4 ปีที่แล้ว

    Does algoexpert teach you data structure and algorithms? Or is it just for practice?

  • @hackweiser4127
    @hackweiser4127 4 ปีที่แล้ว +3

    Just a random question...how much % of your company do you own..?😅😁

  • @CipherLunis
    @CipherLunis 4 ปีที่แล้ว +6

    9:21 wonder who he was referring to there lul

  • @RajeshSingh-ni5uf
    @RajeshSingh-ni5uf 4 ปีที่แล้ว +1

    Hey Bro , i want say this, i have being watching your videos, you are very nice person , all my best wishes with you ..looking forward to join Algo expert , i am too curious to learn from that platform.
    would want to see my self to acquire the skills so that i can work in Google. every body ,near dear ones ,says that ,it's impossible to get the job in Google, one should have gifted skills, sometimes it de-motives me , but i don't believe this , i don't the path ,but i want to achieve.

  • @danielthybomouritsen8990
    @danielthybomouritsen8990 4 ปีที่แล้ว +3

    Imma make a one person billion dollar company

    • @rujotheone
      @rujotheone 4 ปีที่แล้ว

      Already done to some extent by Satoshi

  • @tilakmadichettitheappdeveloper
    @tilakmadichettitheappdeveloper 4 ปีที่แล้ว

    change the title to - 8 Lessons From Building A Multi Million Dollar Business by ExGoogle Ex-Facebook dev

  • @skaya5445
    @skaya5445 4 ปีที่แล้ว

    7:02 My life is a lie, five is actually six??!! haha, jkjk

  • @darknessfalls714
    @darknessfalls714 4 ปีที่แล้ว

    Still waiting until I can be take under Clem’s wing and work for him 🥺

  • @NicolasMeseguer
    @NicolasMeseguer 4 ปีที่แล้ว

    Algo Expert is a multi million dollar company ?

  • @adarshchhokar3818
    @adarshchhokar3818 4 ปีที่แล้ว +2

    When you gonna teach your gf to code and show us?!?!🙏

  • @alessandroaruta174
    @alessandroaruta174 4 ปีที่แล้ว

    Now you re more tich than TechLead :)

  • @ChocolateMilkCultLeader
    @ChocolateMilkCultLeader 4 ปีที่แล้ว +1

    Profit expert incoming?

  • @hat_awesome21
    @hat_awesome21 4 ปีที่แล้ว +1

    dude can entrepreneurs take vacation , do u have any?

  • @jaime7295
    @jaime7295 4 ปีที่แล้ว +1

    Have you ever have to fire someone? XDD

  • @christophervassell9138
    @christophervassell9138 4 ปีที่แล้ว

    Amazing content my dude!

  • @l4m5
    @l4m5 4 ปีที่แล้ว

    At this point everyone uses the promo code

  • @DixaGames
    @DixaGames 4 ปีที่แล้ว

    AlgoExpert sounds like the equivalent of a " dating coach" for software engineers LoL .
    I'm kidding. Very useful video.
    But I'm just wondering what it actually means that there is actually need for such services? Maybe the companies went too mad with hiring process ?

    • @Spedfree
      @Spedfree 4 ปีที่แล้ว

      Yeah and it also puts you in a weird situation, of which service could be similar if you wanted to start a business. Kind of few and far between.

    • @richardbloemenkamp8532
      @richardbloemenkamp8532 4 ปีที่แล้ว

      One of the problems is that standard education has low quality, outdated material and is often very expensive. Even Elon Musk starts saying that he doesn't care if someone has a degree as long as he/she can prove to be good.
      As a software student you can safe a lot of college fees by instead seriously participating in coding marathons showing your competitive quality. Complement that with some online mini-masters of some good university, some interview training and I think you should be good to go for a software developer career at least in a small company.

  • @CodingJesus
    @CodingJesus 4 ปีที่แล้ว

    No lessons on pull requests or Google? Disappointed.

  • @SaurabhGupta-xv4fk
    @SaurabhGupta-xv4fk 4 ปีที่แล้ว

    dude your algoexpert ad is frickin everywhere...calm down

  • @waynegreen7970
    @waynegreen7970 4 ปีที่แล้ว

    @11:35 "I can attest to that comparison". Did Clement get married?

  • @mohamedfazil9237
    @mohamedfazil9237 4 ปีที่แล้ว

    Third world country people should find ways to make first world money ...these days with digital formats or freelancing

  • @Neon2110
    @Neon2110 4 ปีที่แล้ว

    Hey TechLead hede

  • @sentralorigin
    @sentralorigin 4 ปีที่แล้ว

    did you feel any special emotions when you made your first $1 million?

  • @vrushangdesai2813
    @vrushangdesai2813 4 ปีที่แล้ว

    Pls add ruby to algoexpert

  • @supersquare
    @supersquare 4 ปีที่แล้ว

    7:02 Oooo... so close :P

  • @samyakjain8079
    @samyakjain8079 4 ปีที่แล้ว

    Dude why don't u change your tshirt

  • @patricioa1797
    @patricioa1797 4 ปีที่แล้ว

    Can I come work for you?

  • @93dssagar
    @93dssagar 4 ปีที่แล้ว +1

    Click-ed bait !

  • @yogeshdevaggarwal
    @yogeshdevaggarwal 4 ปีที่แล้ว +2

    Second!!!

  • @kyuto7008
    @kyuto7008 4 ปีที่แล้ว +2

    first

  • @rudro314
    @rudro314 4 ปีที่แล้ว +1

    Please change your t-shirt..it smells bad..

    • @sadhlife
      @sadhlife 4 ปีที่แล้ว +1

      Mark Zuckerberg must smell really bad then, from not changing his tshirt in 10 years

    • @mushifalinawaz
      @mushifalinawaz 4 ปีที่แล้ว

      @@sadhlife And Steve Jobs too.

    • @rudro314
      @rudro314 4 ปีที่แล้ว

      Oh..that means Clement is going to be almost the same trend person