Your Next Five Moves: Master the Art of Business Strategy (Hardcover / Audio / Kindle).
Creator of Valuetainment, the # 1 YouTube channel for entrepreneurs and "one of the most exciting thinkers" (Ray Dalio, Principles author) in business today, provides a practical and effective guide to thinking more clearly and getting the most out of it. bold professional goals.
Both successful traders and chess grandmasters have a vision of looking at the pieces in front of them and predicting their next five moves. In this book, Patrick Bet-David “helps entrepreneurs understand exactly what they need to do next” (Brian Tracy, author of Eat That Frog!), Translating this skill into a valuable methodology. Whether you feel like you've hit a wall, lost your fire, or are looking for innovative strategies to take your business to the next level, your next five moves have the answers.
There are two ways to read the book.
The first is to take it at face value as a series of tips on how to live and set up your BUSINESS to sell GOODS and make MONEY. And in this category it works pretty well - sometimes you get good starting tips, sometimes you get really valuable experience, and sometimes you get complete crap from Marcus Aurelius to Einstein. And okay, why not.
However, the second reading was much more interesting to me. Do you want to understand the Hustleporn mentality? Do you want to see how a person can proudly present themselves as someone who “went to the hospital many times because of the stress of the collapse, but always came back stronger”? This is the book you want to read. And if you combine these interpretations, it can tell a lot not only about the author, but also about yourself.
The author uses the Rule of Three when recommending another tool, a simple investment tool in place of the more familiar and complicated financial analysis, for example involving Net Present Value, Internal Rate of Return and Return on Investment. The author's investment tool he calls the Return on Investment Time Analysis (ITR) and describes it as a formula. Although I couldn't find it mentioned anywhere else online, it's basically this: Ask yourself: 1. Investment: How much will it cost or save you? 2. Time: How long will it take and save us? 3. Return: Calculate the return on the money and time involved in the decision. Another way to think about it is: 1. What are your total costs (I = investments = payments / loans + interest + taxes + insurance + fees + interest, etc)? 2. During what period of time (T = time) are these costs rising? 3. What are your total returns (R = returns) and when are those returns expected (and how likely)?
I have been waiting to read this book since Patrick announced it. I've been following Valuetainment for years and your book hasn't let me down.
There were many interesting anecdotes that made the lessons even more difficult. This is a book I will definitely reread in the future. Truly a top-notch book
Main findings:
Master Knowing Yourself - know who you want to be, study the most important product: you, intrapreneur or entrepreneur Master the ability to reason - there is incredible power in learning how to process problems, solve for ''X'' and become effective in decision making (getting to the root of the problem)
Master building the right team - create a culture based on principles (be empathetic but firm) - trust = speed -> the key to exponential growth (thread your strengths (Napoleon Bonaparte)
An excellent book about strategies to accelerate your career. The personal anecdotes and pointless (almost raw) writing style reminded me of bestselling author Ramit Sethi. Like the readable American version of Sun Tsu - The Art of War.
The tips and methods in this book are practical and totally effective! I have used steam in my own career learning through trial and error. Hopefully other readers can bypass the trial method and start their careers in high gear.
Depending on your focus, this book has more value than those wanting to learn more about business strategy. As an "entrepreneur" (author Patrick Bet-David's word for those who are not running their own business, but working and thriving in someone else's business), I found a lot of information that could be applied to my current situation.
For those looking for business strategies to adopt in their own business, this is an excellent book, especially if you have big growth goals. Though he is passionate, Mr. Bet-David does not allow emotions to get in the way of his judgment; rather, he focuses on the facts and presents them to his employees as self-motivators. This guide is not for the faint of heart. While there are great rewards for following the author's guide, there is a cost (think family time, hobbies, etc.) and it would be necessary to examine whether this path would be worth the sacrifice.
