New video by Evan Carmichael on YouTube
The Worst Business Deals in History Explained Like You're 5
🚀Grow your YouTube channel with BrandLytics at: https://brandlytics.ai ✎ Get free access to our vault of PDF summaries for every YouTube video here: https://ift.tt/ojXdORz ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ Many of the biggest companies in the world make giant mistakes because they are afraid to take risks. Blockbuster had the chance to buy Netflix for fifty million dollars from Reed Hastings, but they laughed and said no because they were comfortable. Years earlier, Yahoo could have bought Facebook from Mark Zuckerberg for one billion dollars, but they tried to lower the price at the last second and lost the deal. Even a search engine named Excite refused to buy Google for a small amount of money. At Kodak, an engineer named Steven Sasson invented the first digital camera, but the executives hid it to protect their film business. Even Apple co-founder Ronald Wayne sold his ten percent stake in the company to Steve Jobs and Steve Wozniak for just eight hundred dollars because he got scared. These famous stories show that saying no to new ideas is often the most expensive mistake you can make. ✎ These massive business failures happen because of simple patterns like ego, comfort, and overthinking. When things are going good, people stop trying to make them great, which is how companies like Blockbuster and Kodak got left behind. Sometimes leaders overthink their choices until the opportunity is gone, or they try to change the magic of a good thing, like when Quaker Oats ruined Snapple or News Corp ruined MySpace. The most successful investors do the opposite by betting on people instead of just looking at numbers on a page. For example, Masayoshi Son decided to invest in Jack Ma and Alibaba because he saw a fire in Jack's eyes. To build a successful business, you must learn to make choices based on your future goals instead of your current fears. ✎ Real success requires you to bet on yourself even when everyone else tells you that you will fail. Lady Gaga dropped out of school and got dropped by her record label, but she kept singing in small clubs until she became a star. Sylvester Stallone was broke, but he refused to sell his Rocky script unless he could play the lead role himself. Beyonce risked her entire career by releasing a surprise album with zero promotion because she wanted to do things on her own terms. Elon Musk put all his money from PayPal into SpaceX and Tesla and almost went broke before his rockets finally reached orbit. JK Rowling wrote Harry Potter while living on government aid and kept going after twelve publishers rejected her book. Walt Disney even mortgaged his home to pay for Snow White when everyone else thought he was crazy. These inspiring stories prove that playing it safe is actually the riskiest thing you can do with your life. ✎ To get more details on all the research and studies mentioned in this video check out the articles below: https://ift.tt/6eGHiql https://ift.tt/T8fYCc7 https://www.brit.co/ https://ift.tt/bVkvdT6 https://ift.tt/P3vS61R https://www.space.com/ https://ift.tt/SkOTRyM https://ift.tt/i6vAHEM https://ift.tt/I7V9LP1 https://ift.tt/M2UPAoI https://ift.tt/pRFikbw https://ift.tt/zmXix5h https://ift.tt/aPh1UNH https://ift.tt/GqIhzeP https://ift.tt/lymBotF https://ift.tt/I6b3cXW ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • I Analyzed 50 Self-Made Millionaires: Here's What They All Do - https://youtu.be/_Is1D5LzJ6Q • How SEVENTEEN Broke The K-Pop Business Model (And Won) - https://youtu.be/iEgu6p_frmE • Financial System Explained in 60 Minutes Like You're 5 - https://youtu.be/N0eDE0unaRM ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_center?add_user=Modelingthemasters ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • Skool: https://ift.tt/G54iyxu • Instagram: https://ift.tt/vCn68wA • TikTok: https://ift.tt/zFvQBpM • X.com: https://ift.tt/l9taoeJ • Linkedin: https://ift.tt/UCpFHEi • Facebook: https://ift.tt/zZJmqXf • Website: https://ift.tt/aOY8k9q ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe
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🚀Grow your YouTube channel with BrandLytics at: https://brandlytics.ai ✎ Get free access to our vault of PDF summaries for every YouTube video here: https://ift.tt/ojXdORz ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ Many of the biggest companies in the world make giant mistakes because they are afraid to take risks. Blockbuster had the chance to buy Netflix for fifty million dollars from Reed Hastings, but they laughed and said no because they were comfortable. Years earlier, Yahoo could have bought Facebook from Mark Zuckerberg for one billion dollars, but they tried to lower the price at the last second and lost the deal. Even a search engine named Excite refused to buy Google for a small amount of money. At Kodak, an engineer named Steven Sasson invented the first digital camera, but the executives hid it to protect their film business. Even Apple co-founder Ronald Wayne sold his ten percent stake in the company to Steve Jobs and Steve Wozniak for just eight hundred dollars because he got scared. These famous stories show that saying no to new ideas is often the most expensive mistake you can make. ✎ These massive business failures happen because of simple patterns like ego, comfort, and overthinking. When things are going good, people stop trying to make them great, which is how companies like Blockbuster and Kodak got left behind. Sometimes leaders overthink their choices until the opportunity is gone, or they try to change the magic of a good thing, like when Quaker Oats ruined Snapple or News Corp ruined MySpace. The most successful investors do the opposite by betting on people instead of just looking at numbers on a page. For example, Masayoshi Son decided to invest in Jack Ma and Alibaba because he saw a fire in Jack's eyes. To build a successful business, you must learn to make choices based on your future goals instead of your current fears. ✎ Real success requires you to bet on yourself even when everyone else tells you that you will fail. Lady Gaga dropped out of school and got dropped by her record label, but she kept singing in small clubs until she became a star. Sylvester Stallone was broke, but he refused to sell his Rocky script unless he could play the lead role himself. Beyonce risked her entire career by releasing a surprise album with zero promotion because she wanted to do things on her own terms. Elon Musk put all his money from PayPal into SpaceX and Tesla and almost went broke before his rockets finally reached orbit. JK Rowling wrote Harry Potter while living on government aid and kept going after twelve publishers rejected her book. Walt Disney even mortgaged his home to pay for Snow White when everyone else thought he was crazy. These inspiring stories prove that playing it safe is actually the riskiest thing you can do with your life. ✎ To get more details on all the research and studies mentioned in this video check out the articles below: https://ift.tt/6eGHiql https://ift.tt/T8fYCc7 https://www.brit.co/ https://ift.tt/bVkvdT6 https://ift.tt/P3vS61R https://www.space.com/ https://ift.tt/SkOTRyM https://ift.tt/i6vAHEM https://ift.tt/I7V9LP1 https://ift.tt/M2UPAoI https://ift.tt/pRFikbw https://ift.tt/zmXix5h https://ift.tt/aPh1UNH https://ift.tt/GqIhzeP https://ift.tt/lymBotF https://ift.tt/I6b3cXW ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • I Analyzed 50 Self-Made Millionaires: Here's What They All Do - https://youtu.be/_Is1D5LzJ6Q • How SEVENTEEN Broke The K-Pop Business Model (And Won) - https://youtu.be/iEgu6p_frmE • Financial System Explained in 60 Minutes Like You're 5 - https://youtu.be/N0eDE0unaRM ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_center?add_user=Modelingthemasters ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • Skool: https://ift.tt/G54iyxu • Instagram: https://ift.tt/vCn68wA • TikTok: https://ift.tt/zFvQBpM • X.com: https://ift.tt/l9taoeJ • Linkedin: https://ift.tt/UCpFHEi • Facebook: https://ift.tt/zZJmqXf • Website: https://ift.tt/aOY8k9q ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe
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