My 33 Years of Business Mistakes in 11 minutes
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- Download the PDF "Know Your Personal Expenses" at this link: kenmcelroy.com/know-your-pers...
Ken McElroy talks about valuable lessons from over three decades of business experience, focusing on the importance of staying dedicated to one's niche and avoiding the common pitfalls of diversification and dilution of efforts. Ken touches on the importance of strategic focus, financial discipline, and the critical need for adaptability in business, offering concrete examples from his own journey.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals. Nobody can become financially successful overnight. They put in background work but we tend to see the finished part.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
To you youngsters out there don't leave this channel without becoming a subscriber. Ken is the real deal.
Ken, this are the best 11 minutes I have invested on TH-cam than all together in other channels..
You are really genuine and upto the point..
Stay in your lane.. I had a customer wanting a detached garage built. He was a dentist. He told me im too high and he wanted to do the job himself. I said great.. he asked me who my dentist was. I said I don't have one. I do it myself..
This really happened..
🤣😂😅
Lmfao
Great answer 😂
I could build a garage off of TH-cam videos alone. You can’t drill your teeth off TH-cam videos alone… Stop over valuing yourself. That’s such a privileged pov…
@@PersonPersons-kh3bgdo it
Mistakes and learning what NOT to do is far more valuable information than what to do. Every decision has price once made, so it's best to avoid the fatal ones.
What he said is 100% true. I owned a business 14 years.
Great advice! Staying focused on your core business and building a team that complements your strengths and weaknesses are crucial for success. Remember to prioritize what matters most and always keep learning to stay ahead of the curve. 🚀
I couldn't agree more with the importance of knowing your numbers. Understanding your margins and budgeting can make or break a business. Thanks for the wake-up call!
Thanks, you feel really natural as compared to fabricated business people on youtube
Thank you for your humility and sharing the mistakes. I think that's the most valuable thing that a content creator can provide.
Pure gold. Thank you for sharing all this great info. This video is a must watch if you’re serious about succeeding.
Ken is simply the best and honest businessman!!! Thank you and may The Almighty bless you my friend.
Thanks Ken. You are a great teacher and mentor!
Thank you so much for sharing your knowledge.
This was great stuff! It's uncommon that somebody is straight talking on TH-cam! 😀
Thanks Ken! Always great .
Fabulous advice we have done this and it works , the personal assessments are excellent strenght and weaknesses really can be game changers for people
Ken's emphasis on strategic focus is spot on, especially in real estate investing, where it's easy to get sidetracked. A key tactic is to leverage data-driven decision-making, using market analytics and forecasting to pinpoint emerging neighborhoods before they peak, maximizing ROI while mitigating risks.
This is the best business guidance I have seen on TH-cam.
Words of wisdom. Thanks
Good stuff I like the words of wisdom
Thanks for doing the videos
Thank you Ken! Outstanding Content
Very helpful Thank you for sharing
Dear Sir,
You have a Big Heart I am now a Fan, I thank You for Your Openness and Big Brain.
This was really helpful, thank you.
Thanks Ken
I appreciate these business lessons.
Excellent video! Thanks.
thank you for the simple but effective tips
Great advice indeed!!! Many Thanks!
I cannot believe this video only has 92k views! The information is priceless!!!!🎉
2:30 : Reminds me of micromanagement. Thanks for the video!
Very valuable content. Thanks a lot :)
Thanks Ken!
Thanks for the wisdom
Awesome vid thanx😊
Awesome. I've been looking for a mini tutorial on Lambda for a while.
Thanks!
valuable info!
Success is doing what you want to do, when you want, where you want, with whom you want, as much as you want. That takes time
great advice
4. Follow the Moola.... Wen bidding a job, make sure your Proposal has enough meat on the bone. Unless you wanna donate your time, money, energy... factor in your T&M including overhead.
Thanks from 🇸🇱🇸🇱
This is good stuff.
This guy is a genius
Sir , Good Knowledge, Sir, Please suggest my 20 Year Experience in maintenance and utility field , please suggest business., thanks
Good stuff
Lucas y equipo... Restararon mi 600 quedo espectacular super recomendable
great
real golden Nuggets hey guys eat it all lol , Thank for that all lessons
wow you caught my attention in the first min. That's me being a serial entrepreneur
Stay in your lane. This is the best one that was said periods we all have made this mistake way too many times
You need to correct the on screen spelling of "Colby" (Kolbe) Test. Otherwise, a good video!
I don't quite understand why mistake #2 is not solving your mistake #1. If you can leverage OPT, then you don't need to stay in your lane, right? Elon Musk get into spaceship business, EV, boring companies, etc. I'm not which one is his lane, but I'm sure he's good at leveraging OPT.
I would love to see you in the next Undercover Billionaire episode, see if you have what it really takes
I had this big thing I was going to write about going out of business blah blah, but no,I learned, and moving forward. I’m 40, going through some pretty big health issues lost all my money. I don’t have kids and I’m not married. I basically need to start something from home. I’m just sick of all the scammy gurus out there on TH-cam. Do you have any advice or who to watch that isn’t a scammer in that area? I’m not ready to get into real estate like I want someday, because I am pretty much home bound for now, hopefully that can change in a bit, Thanks.
All you can do is take a bit of advice from here and there etc and put it together and make it work. Like buy low and sell high, simple
💯👏🏼👏🏼👏🏼
it's not businesses that make you money but focus discipline and assets
Is you friends with Man Dartell?
Be careful what you own, it may wind up owning you.
Reliance never stood in lane.
Impotence people blame anything… (like fake gurus) my logic keep our self our own guru by our own experience.
You are omitting the so-called in Philosophy: "All-Encompassing Individuals" (popularly known as "Renaissance People").
What's advice for them?
Follow the "broad line" (yours), but it's better not to go into own business, because there you need to focus and work on one thing.
And of course, find a wise and honest company (with a wise/honest president-owner) where you will be paid adequately. It's not that easy at all (there are a lot of cheaters and populists- of course it depends on the country; scientific research shows the truth ;).
But of course you said: "My 33 Years of Business Mistakes". I just added from my experience/ knowledge ;)
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
Making a living is becoming more challenging, and it's difficult for me to save enough to enjoy quality time with my loved ones.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I'm new at this, please how can I reach her?
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family
33 years has all been in a downward cycle in interest rates for the last 40 years, this next 30 years will be upward rates..
Then he will pivot. All successful business constantly changes.
Ботан - money
-smoking asbestos- carpet is still encouraged?
👃💟💙💛💚❤💜👃
kolby test
What a lucky dude with his three billion.
Well, I got somebody watching have sex and then tell the hole town and telling me to stay in my lane lol . Life just crazy sometimes . Had me believe i was gone to be kill all kinds of harassment and all Ive ever done is stay in my lane . Just untell I fine thim
kolbe test
Shouldn’t we strive to be more independent
becareful what u own, it may wind up owning you
Agree. Before you own it, think how you would get rid of it .. exit strategy.. also because 90%+ of your headaches are caused by people you deal with
Ken Rex McElroy (June 1, 1934 - July 10, 1981) was an American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States.
WTF google!
But what about having a side hustle like all these fake gurus preach
(Unique marginal difference)
Does anyone realize that God truly exists? I was a washout then gave my life to God now ALK is GOOD
Except your spelling 😂😂 time to go back to skool buddy
this says he owns a jet and business for million dollars and he still wants to sell somethings here in youtube ) come on man )) first decide who you are !
Search for his net worth, he is a forbes registered billionaire
@@ainanirina758 when u google first name comes "American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States" yes I can see he is a real billionaire :)) not even google can find his name. dont be that stupid to believe everything anyone tell u
Ur good at fraud and lying u r a professional
Why are you smiling while talking abt mistakes? What to smile about?
He's still rich
#1 Trump steaks
Bull
Don’t go to school. It’s trash. From age 11, start working and learn skills and how to serve other people . Anticipate the future. School will kill you. But working with skills doing somthing society needs at a good price , with margins and enough $ to keep you happy for a lifetime, is key.
Nicodata.naj.fost.om.corect.aj.distrus.vijatamja.10.ani.de.zile.naj.platit.nimica.aj.lasat.fara.home.Timimisara.
It’s not nich it is neesh
Sheesh 🙄
@@bryansmith7479 Shich. 😂
10.ani.ati.lasat.pe.srda.fara.HOME.TIMISOARA.
You.mistocar.8.ani.de.zile.maj.lasat.pe.srada.fara.home.Romania.
You get over it one day it’s life 😁👍😉🤔🫣
Great advice indeed!!! Many Thanks!