15 Mistakes I Made as a CEO

15 Mistakes I Made as a CEO by Patrick Bet-David. Make sure to subscribe!

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Dear Entrepreneur,

Over the years, many of you have asked me why I create content and openly share my strategies with you. The answer is quite simple yet emotional. Simple because I believe the strategies I share can get anyone results living in any country. Emotional because I know how close I was to giving up and just being average and ordinary. How close I was to just throwing in the towel. How close I was to believing my critics that I wasn’t good enough to compete in the market place. I never thought I would wake up one day running a financial firm with nearly 10,000 agents with Oscar De La Hoya as one of my investors. I never thought I’d create a brand called “Valuetainment” that inspires millions of Entrepreneurs around the world. I never thought I would get to a point of having billionaires, politicians, influencers and celebrities on speed dial. But something changed.

I got CLEAR on what I wanted and who I wanted to be.

I got CLEAR on a problem solving strategy that helped me in the war room, board room and the bedroom.

I got CLEAR on effective strategies and hacks that helped me grow during good times and bad times.

I got CLEAR on the type of a leader I want to be and the type of a team I want to build.

This is why “The Vault” is an event you must attend in 2019. I truly believe Valuetainment will be known as the brand that inspired the next generation of great leaders, minds, innovators and Entrepreneurs around the world. I will also be unveiling the vision of Valuetainment at the conference. We are in search for leaders around the world and I can’t wait to meet many of you face to face in Dallas.

Much love,

Patrick Bet-David (Tweet: @patrickbetdavid)

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39 Comments on “15 Mistakes I Made as a CEO”

  1. 15:11 hahaha I'm always saying this. We live in such a strange time where EVERYONE thinks they have the answer. Worse yet, they base their career on it. So many "teachers" and "coaches" that haven't done a thing.

  2. Number #10. You can hear Advise from everybody. How much he make has nothing to do with it. A good advise is a good advise. If you smart and Good CEO you have it in you to know a good one. If you are weak you will be afraid to hear what everyone got to say because you don’t have a good understanding in what your business about.

  3. Can't agree with #10. Credibility is obviously important but I would not want to make people feel like they can not speak out. Sometimes the people on the bottom can see almost as much as the people on the top. The fuzzy ideas usually come from people in the middle who are just kissing backsides or those too blind to see your vision because they their vision is through a tunnel.

  4. 14:50 because, not everybody is good being CEO, so if CEO position is hard for you, go for consulting, omg. I think is mistake measuring people on behalf how much money they made, it's number 9. Shame.

  5. Thanks for the video Patrick. There is a lot of useful information. However, I could not give you the thumbs-up because you have some very heavy biases. Some examples:

    "… you shouldn’t be taking advice from somebody that’s never made more than $45,000 a year. "
    "… There are a lot of consultants asking for $20,000 to identify and fix your problems for you."
    Heavy bias here – choosing a particular lifestyle does not mean you are not an expert at something. By the way, I know many CEOs who consult on the side. And, if you are such a great CEO, why are you looking to hire consultants to tell you what the problems are? Why do you need a 2nd board to back you up? Aren’t they consulting you, in their own way, perhaps for free? Maybe it is the 20K price tag consultants are putting on their services that’s bothering you, Patrick 🙂

    "Running a business is not easy. Business as a completely different ballgame and you have to understand who to take advice from and who not to take advice from based on where they’re at"

    Toyota empowered its production line workers to make decisions and quality went through the roof, customer satisfaction improved, sales also improved (LEAN and Sig Sigma principles). Isn’t that taking advice from someone who makes less than 45K per year? In fact, many CEOs are so removed from from everyday problems the business is facing that they are completely out of touch with customer experience. There numerous and articles on this but Simon Sinek described it best in hist TED talks.

    "Avoid hiring resume builders"
    Everyone is a resume builder, whether they do unconsciously, semi-actively, or completely strategically. Actually the last ones are the people who work the hardest – they strive for great results and a rewarding career. One of your T-shirts reads "I love capitalism". Well, that is what capitalism leads to, Patrick – people want more: more money, bigger houses, faster cars, beautiful girlfriends wearing expensive clothes or rich boyfriends driving expensive cars, etc. They are looking at all of this and they say "Man, I got go go up, and I can't do it here" With these types of models, how do you expect support people to be loyal? . Unless, you earned their trust first – had their back during a recession or a general business decline, helped them move up in their career, got through a rough patch. And the bigger the organization gets, the harder it becomes for CEOs to earn people's trust. They tend to rely on culture to do it for them and completely forget they once did this very important job themselves.

    Sorry, I went so deep on the negative. There is a lot of good stuff in your videos but there are also a lot of holes. I pointed just a few of them. Hope you will take this positively.

  6. I love number 2, there was a story that Ben Horowitz told in a 'the hard thing about hard things' that really brings this to life.
    Ben talked about an exec he met, this exec worked in the same company as his uncle, so he called his uncle and asked if he knew the guy, the uncle responded ' yeah I know him, every so often he comes down to blow sunshine up my ass'.

  7. Hey Pat. New subscriber. Thank you for great content. Going through your videos and trying to apply as I go. We'll see where I get in one year.

  8. The weakest generation is Baby Boomer's they inherited everything, good jobs, good economies, able to afford housing. Gen X and Millennials can't afford to even have a family, or buy a house…. You seem to have left the most convenient subject, which is the economy in which they grew up in..

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