I swore that my dad would never again work at the ninety-nine-cent store on the corner of Eucalyptus and Manchester in Inglewood, where he was regularly held up at gunpoint. He was never going to get lousy health care for the rest of his life. Neither he nor I was ever going to feel ashamed again. Do you know who you want to be? Do you have a clear vision of what that looks like? At this very moment, is the way you are acting consistent with your future truth? Mohammad Reza Pahlavi, the shah of Iran from 1941 to 1979, changed his country’s direction until his inability to handle too much power led to the fall of an empire. He’s a reminder to never get so confident as to underestimate an opponent such as Ayatollah Ruhollah Khomeini, who led the revolt that exiled him. Looking to scale up your company? Learn more from the Scaling Up summary! MOVE #5: GET GOOD AT POWER PLAYS

Your Next Five Moves: Master The Art Of Download PDF - Your Next Five Moves: Master The Art Of

Shortform note: In his book, Bet-David lists culture as the third step of creating a winning team, after retaining employees. However, others see establishing a strong culture as preceding the successful retention of employees. This is because when employees feel like they’re part of a culture and community, they’re more likely to stay.) Shortform note: If you don’t have a bench of experienced business friends to whom to turn for advice, consider heeding Robin Sharma’s advice to create a committee of imaginary mentors. These mentors can be renowned thinkers or famous figures you admire and can be living or dead. Simply imagine what advice they’d give you in your situation.) The Fifth Step: Position Yourself as an Industry Leader Shortform note: Another reason behemoth companies might lose agility is because they’ve fallen out of touch with the customer. Because they’ve been around a long time and have achieved sustained success, they might not be paying enough attention to changing customer needs and trends and can lose out to smaller, more customer-oriented companies.) I will not compromise on speed, execution, or efficiency. I don’t care how much bigger we get; I want speed, I want execution, I want efficiency. I am greedy in these three areas. I want them all.”

5 MOVES TO MASTER FROM THE BOOK

How fast you grow will be dictated by how well your team is working on your business. And to maximize results, you need to have mechanisms to hold people accountable. Alongside the growth, you also need to create a contingency plan to replace any important position.

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

From the creator of Valuetainment, the #1 YouTube channel for entrepreneurs, and one of the most exciting thinkers (Ray Dalio, author of Principles ) in business today, comes a practical and effective guide for thinking more clearly and achieving your most audacious professional goals.To be the best you can be, you must first know who you want to be, where you wish to go, and what factors should drive your decisions. Bet-David breaks this down into 3 parts: When you’re small, make yourself appear bigger. Don’t shy away from the challenge and compete as though you’re the one with the advantage Playing out strategies, seeing the hidden consequences, and sequencing a series of moves to permanently solve problems

Your Next Five Moves: Master the Art of Business Strategy

In a November 2016 interview with Inc. magazine, Corcoran said that she had turned fury into her best friend. “The minute a man talked down to me, I was my best self,” she said. “I was going to get from that person what I wanted, come hell or high water…. He was not going to dismiss me. I would not tolerate it. I would say quietly to myself, ‘F@#& you.’?” The best way to gain access to funding is through mentors with connections, claims Bet-David. Explain to them why you must raise money, how you’ll use it, if you want investor input, why you’re worth investing in, and if you plan to eventually sell the business. Knowing this shows them you’re serious and worthy of being connected to investors. Barbara Corcoran, the real estate mogul whom you may have seen on Shark Tank, was one of ten children growing up in a blue-collar New Jersey town. In 1973, she was twenty-three and working as a waitress in a diner. While there, she met a man who lent her a thousand dollars to start a real estate company. They fell in love and were set to live happily ever after. Had the script played out, my guess is that Corcoran would have built a decent real estate business. But in 1978, the man dumped her and married Corcoran’s assistant. To rub salt into the wound, he said to her, “You’ll never succeed without me.” By the time we’ve been on our own for a few years, many of us have become cynical. It’s an ugly thing, but I’ve seen it happen too often. We all have big dreams growing up, and we make a lot of plans for ourselves. Then life gets in the way, the plans don’t happen the way we thought they would, and we lose faith in our ability to focus on who we want to be. You may not notice it, but it also hurts your ability to make your next moves.Finally, even when you’re growing steadily, always behave as though a threat could overthrow your business, counsels Bet-David. Stay alert in two ways: Way #1: Don’t Cede Control to Temptation or Your Ego

Your Next Five Moves: Master the - OceanofPDF [PDF] [EPUB] Your Next Five Moves: Master the - OceanofPDF

You will stop hiring people and delegate it to an HR manager. You’ll hire an accountant to handle your books. Partner with competitors that share an enemy. Look for synergies with Goliath’s enemies and build strategic alliances How to build a winning culture. 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. We may even start to think, “Hey, what’s the point in saying I’m going to do something big if I’m not going to follow through? Better to just aim low and play it safe.”Finding the right levers so you can beat the giants (i.e. the huge, established market leaders in your industry) who have much more resources, experience and capital than you. Bet-David advocates using social media as a key marketing tool to engage your audience, shape your story and influence public opinion. Your team judges you. They are seeing if you’re developing yourself and finding ways to take the company to the next level. If you don’t, they will leave. Create A Replacement Game Plan Remove a step. How would the process function without that step? If the process is not affected, take it out Learn how to process issues rigorously. Bet-David shares the “Investment-Time-Return formula” you can use to optimize your resources, and how to take full responsibility for your desired outcomes.