Your Next Five Moves: Master the Art of Business Strategy

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Ive given a low rating just because I felt cheated given you can get the content on YouTube for free, but still a great book if you never seen Pat’s videos online. Trusting employee relationships lead to speedier internal operations, which, in turn, helps sustain momentum. He became a successful entrepreneur himself and has interviewed some of the world’s most influential individuals. Culture is critical because for employees to put in their best effort, they must identify with the company and its values. Things like knowing yourself, having the ability to reason, and surrounding yourself with the right people apply to both business and life.

Your Next Five Moves: Master the Art of Business Strategy

If you’re ready to start , do check out the our full book summary bundle that includes an infographic, 18-page text summary, and a 27-minute audio summary. It also covers topics that relate to running a company, such as raising capital, hiring and firing staff, and how to negotiate and sell.

Bet-David thinks giving employees the opportunity to earn equity is the best form of compensation because they’ll feel they have a stake in the success of the company and will work harder to make it succeed—a win-win. Dotty ended up escorting me to the auditorium, where six hundred students were waiting to hear from the motivational speaker, when suddenly the vice principal got up and started to introduce me as the speaker.

Your Next Five Moves by Patrick Bet-David: Summary and Notes Your Next Five Moves by Patrick Bet-David: Summary and Notes

Most people read positive affirmations to produce confidence in themselves, but I have a completely different set of “affirmations” by people who doubted me or tried to put me down. If you still wouldn’t be happy ceding control, ask yourself how urgent the investment is and if you can afford to continue looking for a less controlling investor. I said, “One day, the best comedians, athletes, thinkers, and US presidents will attend and speak at our convention.Having options means you don’t desperately need any one deal and are therefore in a more powerful negotiating position. Jordan said, “When he made the team and I didn’t, I wanted to prove not just to Leroy Smith, not just to myself, but to the coach that picked Leroy over me, I wanted to make sure you understood: you made a mistake, dude. This involves establishing common values, principles and beliefs, translating them into concrete behaviors in your daily work, building trust, developing a succession plan, encouraging constructive conflict, and tailoring your approach to each team member’s love languages and motivators.

Your Next Five Moves | Book by Patrick Bet-David, Greg Dinkin Your Next Five Moves | Book by Patrick Bet-David, Greg Dinkin

The sixth part of growing your business is to turn your knowledge and experience into a documented system that successors can use, says Bet-David. Additionally, stay alert by keeping your ego in check and asking friends to tell you when you’re making poor choices, advises Bet-David. Shortform note: While Bet-David advises you to actively seek out alternative options to gain negotiating power, Roger Fisher and William Ury argue that to succeed in a negotiation, all you have to do is know what your “BATNA” is. Kennedy, bust of Marcus Aurelius, Abraham Lincoln, Tupac Shakur, Patrick Bet-David (the student trying to soak up wisdom), Mohammad Reza Pahlavi, Ayrton Senna, Milton Friedman, Martin Luther King, Jr. A final example among the many, many others the author talks about is developing speed, a key element in success.WOW… I CAN HONESTLY SAY THAT THIS BOOK JUST CHANGED MY LIFE, HOW I LOOK AT LIFE AS A WHOLE AND HOW I MAKE CHOICES AND HOW THEY AFFECT OTHERS, IN BOTH BUSINESS AND LIFE IN GENERAL. One good way to master both temptation and ego is to cultivate mindfulness: a sense of connection to what you’re feeling in a given moment. Patric is so to the point, and says so much, its hard to follow and to use the message for yourself. Once you’ve hired the right people and incentivized them to stay, build a company culture, says Bet-David. It’s why my answer about the key to success for people at all levels of business is “Know how to process issues.