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“STOP Acting Like You Know EVERYTHING!” – Marcus Lemonis (@marcuslemonis) – Top 10 Rules


and it was one of those pivotal moments

and it was one of those pivotal moments where I sat there and I said I love you

where I sat there and I said I love you

where I sat there and I said I love you very much you brought me into this

very much you brought me into this

very much you brought me into this country you’ve educated me I’m grateful

country you’ve educated me I’m grateful

country you’ve educated me I’m grateful but you can’t tell me who I’m gonna be I

but you can’t tell me who I’m gonna be I

but you can’t tell me who I’m gonna be I thought about suicide a few times

thought about suicide a few times

thought about suicide a few times because I didn’t really see the brighter

because I didn’t really see the brighter

because I didn’t really see the brighter side of things who was really angry at

side of things who was really angry at

side of things who was really angry at me and said you don’t have all the

me and said you don’t have all the

me and said you don’t have all the answers you’re not always right and some

answers you’re not always right and some

answers you’re not always right and some of the stuff you do is wrong now every

of the stuff you do is wrong now every

of the stuff you do is wrong now every business that I’ve invested in hasn’t

business that I’ve invested in hasn’t

business that I’ve invested in hasn’t been a success I’ve had failures much

been a success I’ve had failures much

been a success I’ve had failures much like most people

like most people

like most people hello believe nation its Evan my one

hello believe nation its Evan my one

hello believe nation its Evan my one word is believe and I believe in people

word is believe and I believe in people

word is believe and I believe in people more than they believe in themselves and

more than they believe in themselves and

more than they believe in themselves and my sincere hope is that if you see in

my sincere hope is that if you see in

my sincere hope is that if you see in yourself what I see in you you’ll be

yourself what I see in you you’ll be

yourself what I see in you you’ll be able to change the planet so to help you

able to change the planet so to help you

able to change the planet so to help you on your journey today we’re gonna learn

on your journey today we’re gonna learn

on your journey today we’re gonna learn from entrepreneur investor and TV

from entrepreneur investor and TV

from entrepreneur investor and TV personality Marcus lemonis and my take

personality Marcus lemonis and my take

personality Marcus lemonis and my take on his top ten rules for success vol 2

on his top ten rules for success vol 2

on his top ten rules for success vol 2 rule number 2 is my personal favorite

rule number 2 is my personal favorite

rule number 2 is my personal favorite and I’d love to know which one you guys

and I’d love to know which one you guys

and I’d love to know which one you guys like the best also as you’re watching if

like the best also as you’re watching if

like the best also as you’re watching if you hear something that really resonates

you hear something that really resonates

you hear something that really resonates with you please leave it down in the

with you please leave it down in the

with you please leave it down in the comments below and put quotes around it

comments below and put quotes around it

comments below and put quotes around it so other people can be inspired by it as

so other people can be inspired by it as

so other people can be inspired by it as well and if you leave it within the

well and if you leave it within the

well and if you leave it within the first couple hours of this video going

first couple hours of this video going

first couple hours of this video going live you have a chance to win one of two

live you have a chance to win one of two

live you have a chance to win one of two daily prizes

I was born in Beirut Lebanon I lived in

I was born in Beirut Lebanon I lived in an orphanage and I was adopted by a

an orphanage and I was adopted by a

an orphanage and I was adopted by a American Lebanese family they brought me

American Lebanese family they brought me

American Lebanese family they brought me to Miami Florida wonderful parents I’m

to Miami Florida wonderful parents I’m

to Miami Florida wonderful parents I’m an only child who may have picked up on

an only child who may have picked up on

an only child who may have picked up on that and I had a really rough childhood

that and I had a really rough childhood

that and I had a really rough childhood I mean I was very overweight both my

I mean I was very overweight both my

I mean I was very overweight both my parents work like a lot of parents do it

parents work like a lot of parents do it

parents work like a lot of parents do it to two-income household spent a lot of

to two-income household spent a lot of

to two-income household spent a lot of time eating snacks that I should have

time eating snacks that I should have

time eating snacks that I should have been eating not exercising properly and

been eating not exercising properly and

been eating not exercising properly and became very introspective and depressed

became very introspective and depressed

became very introspective and depressed I thought about suicide a few times

I thought about suicide a few times

I thought about suicide a few times because I didn’t really see the brighter

because I didn’t really see the brighter

because I didn’t really see the brighter side of things developed a terrible

side of things developed a terrible

side of things developed a terrible eating disorder I developed bulimia

eating disorder I developed bulimia

eating disorder I developed bulimia where I would eat and throw up because I

where I would eat and throw up because I

where I would eat and throw up because I was trying to be somebody that I wasn’t

was trying to be somebody that I wasn’t

was trying to be somebody that I wasn’t and as I got older I kept searching for

and as I got older I kept searching for

and as I got older I kept searching for a reason to exist a purpose and what

a reason to exist a purpose and what

a reason to exist a purpose and what ended up happening for me is that I

ended up happening for me is that I

ended up happening for me is that I realized that I was pretty good at

realized that I was pretty good at

realized that I was pretty good at numbers and I was good with human

numbers and I was good with human

numbers and I was good with human interaction and I was able to put those

interaction and I was able to put those

interaction and I was able to put those two things together and and realize that

two things together and and realize that

two things together and and realize that maybe business was the place that the

maybe business was the place that the

maybe business was the place that the playing field was unleveled what

playing field was unleveled what

playing field was unleveled what happened even further is that I chose

happened even further is that I chose

happened even further is that I chose small business which is my platform sort

small business which is my platform sort

small business which is my platform sort of what I do

of what I do

of what I do I chose small business because I was

I chose small business because I was

I chose small business because I was gonna be matched up with somebody that

gonna be matched up with somebody that

gonna be matched up with somebody that was like me people say well what do you

was like me people say well what do you

was like me people say well what do you mean like you most small business owners

mean like you most small business owners

mean like you most small business owners are underdogs and I always felt that I

are underdogs and I always felt that I

are underdogs and I always felt that I was an underdog I didn’t really have all

was an underdog I didn’t really have all

was an underdog I didn’t really have all the assets in there and me and the you

the assets in there and me and the you

the assets in there and me and the you know the pointers so I matched up with

know the pointers so I matched up with

know the pointers so I matched up with small business because I said I didn’t

small business because I said I didn’t

small business because I said I didn’t realize some success and now I’m gonna

realize some success and now I’m gonna

realize some success and now I’m gonna fight for you my family had a car

fight for you my family had a car

fight for you my family had a car dealership

dealership

dealership Abraham Chevrolet in anymore hands my

Abraham Chevrolet in anymore hands my

Abraham Chevrolet in anymore hands my grandfather you’re kidding no I used to

grandfather you’re kidding no I used to

grandfather you’re kidding no I used to do commercial I know you did I didn’t

do commercial I know you did I didn’t

do commercial I know you did I didn’t want to tell anybody that before I came

want to tell anybody that before I came

want to tell anybody that before I came in here but I’ve seen a lot of them I

in here but I’ve seen a lot of them I

in here but I’ve seen a lot of them I remember having a conversation with my

remember having a conversation with my

remember having a conversation with my grandfather about his wealth and most

grandfather about his wealth and most

grandfather about his wealth and most people don’t know this about him but

people don’t know this about him but

people don’t know this about him but he’s he was a wonderful man but he was a

he’s he was a wonderful man but he was a

he’s he was a wonderful man but he was a very confident man and when I decided to

very confident man and when I decided to

very confident man and when I decided to run for office I was 21 years old I came

run for office I was 21 years old I came

run for office I was 21 years old I came back from college and I decided to run

back from college and I decided to run

back from college and I decided to run for the State House in Florida 21 and my

for the State House in Florida 21 and my

for the State House in Florida 21 and my family’s big Republicans and I

family’s big Republicans and I

family’s big Republicans and I registered as a Democrat and the

registered as a Democrat and the

registered as a Democrat and the newspaper came out one morning Miami

newspaper came out one morning Miami

newspaper came out one morning Miami Herald came out of my mother

Herald came out of my mother

Herald came out of my mother call me and she said we have a problem

call me and she said we have a problem

call me and she said we have a problem she said what’s that he said your

she said what’s that he said your

she said what’s that he said your grandfather would like to see you at the

grandfather would like to see you at the

grandfather would like to see you at the office

office

office okay I drove down there seven o’clock in

okay I drove down there seven o’clock in

okay I drove down there seven o’clock in the morning and as you know he worked

the morning and as you know he worked

the morning and as you know he worked every day and he said I just want some

every day and he said I just want some

every day and he said I just want some good news for you you’re fired and I

good news for you you’re fired and I

good news for you you’re fired and I said wait a minute

said wait a minute

said wait a minute hi this is where I work he said give me

hi this is where I work he said give me

hi this is where I work he said give me your demo keys here’s your last paycheck

your demo keys here’s your last paycheck

your demo keys here’s your last paycheck good luck to you and I said well why am

good luck to you and I said well why am

good luck to you and I said well why am i fired he said number one you’re

i fired he said number one you’re

i fired he said number one you’re running as a Democrat and you know that

running as a Democrat and you know that

running as a Democrat and you know that we’re big Republicans and number two I

we’re big Republicans and number two I

we’re big Republicans and number two I told you that you need to clear stuff

told you that you need to clear stuff

told you that you need to clear stuff with me before you just go off and doing

with me before you just go off and doing

with me before you just go off and doing your own thing and it was one of those

your own thing and it was one of those

your own thing and it was one of those pivotal moments where I sat there and I

pivotal moments where I sat there and I

pivotal moments where I sat there and I said I love you very much you brought me

said I love you very much you brought me

said I love you very much you brought me into this country you’ve educated me I’m

into this country you’ve educated me I’m

into this country you’ve educated me I’m grateful but you can’t tell me who I’m

grateful but you can’t tell me who I’m

grateful but you can’t tell me who I’m gonna be and I said you have a lot of

gonna be and I said you have a lot of

gonna be and I said you have a lot of money but I promise you one day I’ll

money but I promise you one day I’ll

money but I promise you one day I’ll have more and we didn’t talk for about

have more and we didn’t talk for about

have more and we didn’t talk for about 10 years and he died when he was 103

10 years and he died when he was 103

10 years and he died when he was 103 years old and I saw him about four

years old and I saw him about four

years old and I saw him about four months before he died and he said to me

months before he died and he said to me

months before he died and he said to me you know what I was harder on you than

you know what I was harder on you than

you know what I was harder on you than anybody else because I knew that I

anybody else because I knew that I

anybody else because I knew that I brought you to this country for a reason

brought you to this country for a reason

brought you to this country for a reason and I knew that you were gonna do great

and I knew that you were gonna do great

and I knew that you were gonna do great things

things

things what would your definition of literally

what would your definition of literally

what would your definition of literally the word strategy be what does Stratton

the word strategy be what does Stratton

the word strategy be what does Stratton what what does that word and the moment

what what does that word and the moment

what what does that word and the moment decision for me I’m not a planner for me

decision for me I’m not a planner for me

decision for me I’m not a planner for me I’m not a planner and you know

I’m not a planner and you know

I’m not a planner and you know ultimately I know where I want to get to

ultimately I know where I want to get to

ultimately I know where I want to get to in a particular business but I think the

in a particular business but I think the

in a particular business but I think the strategy for me is something that is

strategy for me is something that is

strategy for me is something that is very in the moment in the circumstance

very in the moment in the circumstance

very in the moment in the circumstance in my bigger businesses like my business

in my bigger businesses like my business

in my bigger businesses like my business Camping World there’s clearly a strategy

Camping World there’s clearly a strategy

Camping World there’s clearly a strategy it’s very different because there’s four

it’s very different because there’s four

it’s very different because there’s four billion dollars of Revenue 8,000 people

billion dollars of Revenue 8,000 people

billion dollars of Revenue 8,000 people big leases there’s an investor

big leases there’s an investor

big leases there’s an investor expectation in the small businesses it’s

expectation in the small businesses it’s

expectation in the small businesses it’s trying to survive and trying to stand

trying to survive and trying to stand

trying to survive and trying to stand out in a crowd so the strategy is very

out in a crowd so the strategy is very

out in a crowd so the strategy is very different for me in my small business

different for me in my small business

different for me in my small business world it is in the moment without a plan

world it is in the moment without a plan

world it is in the moment without a plan at some point in the future when the

at some point in the future when the

at some point in the future when the business matures and it becomes truly

business matures and it becomes truly

business matures and it becomes truly viable and scalable then a normal

viable and scalable then a normal

viable and scalable then a normal process would be put in place so in my

process would be put in place so in my

process would be put in place so in my camping oral business my strategy is all

camping oral business my strategy is all

camping oral business my strategy is all about where do we want to get you in one

about where do we want to get you in one

about where do we want to get you in one year three year five year what are the

year three year five year what are the

year three year five year what are the people that I need to help execute that

people that I need to help execute that

people that I need to help execute that and what’s their role gonna be in that

and what’s their role gonna be in that

and what’s their role gonna be in that process in every instance though plus or

process in every instance though plus or

process in every instance though plus or minus I always tell them that I reserve

minus I always tell them that I reserve

minus I always tell them that I reserve the right to change the plan at any

the right to change the plan at any

the right to change the plan at any moment and that has always been my

moment and that has always been my

moment and that has always been my strategy change constantly in the early

strategy change constantly in the early

strategy change constantly in the early 2000s I was in the automobile business I

2000s I was in the automobile business I

2000s I was in the automobile business I was working for a fantastic company

was working for a fantastic company

was working for a fantastic company called Auto Nation and Lee Iacocca

called Auto Nation and Lee Iacocca

called Auto Nation and Lee Iacocca family friend of mine gave me some

family friend of mine gave me some

family friend of mine gave me some really good advice he said if you want

really good advice he said if you want

really good advice he said if you want to be really successful in business you

to be really successful in business you

to be really successful in business you have to be a big fish

have to be a big fish

have to be a big fish well I think you’ll be successful in the

well I think you’ll be successful in the

well I think you’ll be successful in the car business it’s a very big pond so he

car business it’s a very big pond so he

car business it’s a very big pond so he recommended that I got in to the RV

recommended that I got in to the RV

recommended that I got in to the RV business because he felt like it was

business because he felt like it was

business because he felt like it was fragmented and it was ripe for

fragmented and it was ripe for

fragmented and it was ripe for consolidation he was right I may not be

consolidation he was right I may not be

consolidation he was right I may not be the biggest fish but I’m not the

the biggest fish but I’m not the

the biggest fish but I’m not the smallest guppy I think the best way to

smallest guppy I think the best way to

smallest guppy I think the best way to think about entering into the business

think about entering into the business

think about entering into the business world and being a big fish in a small

world and being a big fish in a small

world and being a big fish in a small pond is to really think about your local

pond is to really think about your local

pond is to really think about your local trade area first I call it the basic

trade area first I call it the basic

trade area first I call it the basic trade area that’s the environment that

trade area that’s the environment that

trade area that’s the environment that you live in or you want to do business

you live in or you want to do business

you live in or you want to do business in and there’s a given radius to it four

in and there’s a given radius to it four

in and there’s a given radius to it four miles five miles if you want to get into

miles five miles if you want to get into

miles five miles if you want to get into a business where you’re going to be a

a business where you’re going to be a

a business where you’re going to be a big fish then you should really study

big fish then you should really study

big fish then you should really study that environment you should understand

that environment you should understand

that environment you should understand what type of businesses exist there and

what type of businesses exist there and

what type of businesses exist there and which ones don’t and then once you make

which ones don’t and then once you make

which ones don’t and then once you make the list of the ones that don’t do a

the list of the ones that don’t do a

the list of the ones that don’t do a little research and really understand is

little research and really understand is

little research and really understand is that a business that I could learn do I

that a business that I could learn do I

that a business that I could learn do I understand something about it and most

understand something about it and most

understand something about it and most importantly am i passionate about it if

importantly am i passionate about it if

importantly am i passionate about it if you’re not passionate about it you don’t

you’re not passionate about it you don’t

you’re not passionate about it you don’t understand it I don’t care how big a

understand it I don’t care how big a

understand it I don’t care how big a fish you think you’re gonna be you’re

fish you think you’re gonna be you’re

fish you think you’re gonna be you’re gonna get fried I think what people

gonna get fried I think what people

gonna get fried I think what people don’t realize is that when you own a

don’t realize is that when you own a

don’t realize is that when you own a business the personal sacrifice that you

business the personal sacrifice that you

business the personal sacrifice that you have to make you’re not home as much I

have to make you’re not home as much I

have to make you’re not home as much I don’t have kids I’m not married you just

don’t have kids I’m not married you just

don’t have kids I’m not married you just don’t have the time to do it all and I

don’t have the time to do it all and I

don’t have the time to do it all and I know you can relate to it that when

know you can relate to it that when

know you can relate to it that when you’re doing your craft oh I lost a lot

you’re doing your craft oh I lost a lot

you’re doing your craft oh I lost a lot of marriages you lose marriages or came

of marriages you lose marriages or came

of marriages you lose marriages or came first do you lose friends and I’ve had

first do you lose friends and I’ve had

first do you lose friends and I’ve had people say to me I can’t be in a

people say to me I can’t be in a

people say to me I can’t be in a relationship with you you don’t have

relationship with you you don’t have

relationship with you you don’t have your priorities right and I said I do

your priorities right and I said I do

your priorities right and I said I do have my priorities right you just don’t

have my priorities right you just don’t

have my priorities right you just don’t agree with them my advice to people is

agree with them my advice to people is

agree with them my advice to people is no matter who you are or where you come

no matter who you are or where you come

no matter who you are or where you come from to really be yourself but if you

from to really be yourself but if you

from to really be yourself but if you don’t have humility in this very

don’t have humility in this very

don’t have humility in this very arrogant society that we’re living in

arrogant society that we’re living in

arrogant society that we’re living in right now you won’t succeed if you are

right now you won’t succeed if you are

right now you won’t succeed if you are mean like people are mean out there

mean like people are mean out there

mean like people are mean out there right now you won’t succeed ultimately

right now you won’t succeed ultimately

right now you won’t succeed ultimately you may succeed in the short term and

you may succeed in the short term and

you may succeed in the short term and you may succeed for a few years even for

you may succeed for a few years even for

you may succeed for a few years even for years but you will not succeed forever

years but you will not succeed forever

years but you will not succeed forever you don’t have to be in a small piece of

you don’t have to be in a small piece of

you don’t have to be in a small piece of business advice anyone’s ever given you

business advice anyone’s ever given you

business advice anyone’s ever given you it was probably given to me by another

it was probably given to me by another

it was probably given to me by another by a small business owner that I was

by a small business owner that I was

by a small business owner that I was investing in who was really angry at me

investing in who was really angry at me

investing in who was really angry at me and said you don’t have all the answers

and said you don’t have all the answers

and said you don’t have all the answers you’re not always right and some of the

you’re not always right and some of the

you’re not always right and some of the stuff you do is wrong and realizing that

stuff you do is wrong and realizing that

stuff you do is wrong and realizing that that was actually true that was advice

that was actually true that was advice

that was actually true that was advice essentially what that person was telling

essentially what that person was telling

essentially what that person was telling me was stop acting like you know

me was stop acting like you know

me was stop acting like you know everything it was more impactful for me

everything it was more impactful for me

everything it was more impactful for me coming from somebody who was struggling

coming from somebody who was struggling

coming from somebody who was struggling then it was from somebody who was

then it was from somebody who was

then it was from somebody who was successful

successful

successful oddly enough like I’m not a big like who

oddly enough like I’m not a big like who

oddly enough like I’m not a big like who is your mentor I had my mom I don’t

is your mentor I had my mom I don’t

is your mentor I had my mom I don’t really have a lot of business mentors I

really have a lot of business mentors I

really have a lot of business mentors I don’t read business books I am NOT

don’t read business books I am NOT

don’t read business books I am NOT I don’t read any I just I feel like I I

I don’t read any I just I feel like I I

I don’t read any I just I feel like I I can eat I can go live a book write I can

can eat I can go live a book write I can

can eat I can go live a book write I can go meet different people I tend to take

go meet different people I tend to take

go meet different people I tend to take advice from people who I don’t know why

advice from people who I don’t know why

advice from people who I don’t know why I do this I tend to take advice from

I do this I tend to take advice from

I do this I tend to take advice from people who are a little less obvious and

people who are a little less obvious and

people who are a little less obvious and a little less proud to give me advice

a little less proud to give me advice

a little less proud to give me advice there’s certain people I hadn’t met

there’s certain people I hadn’t met

there’s certain people I hadn’t met people in the history of my life that

people in the history of my life that

people in the history of my life that are their older son I’m gonna give you

are their older son I’m gonna give you

are their older son I’m gonna give you some advice that doesn’t work as well

some advice that doesn’t work as well

some advice that doesn’t work as well with me as somebody who’s really

with me as somebody who’s really

with me as somebody who’s really struggling saying I have to be honest

struggling saying I have to be honest

struggling saying I have to be honest with you I want to give us that advice I

with you I want to give us that advice I

with you I want to give us that advice I don’t have any

don’t have any

don’t have any like yeah persons right they don’t

like yeah persons right they don’t

like yeah persons right they don’t did it change the way I thought how did

did it change the way I thought how did

did it change the way I thought how did you get the idea of the fucker I went

you get the idea of the fucker I went

you get the idea of the fucker I went through a really bad crisis in 2008 and

through a really bad crisis in 2008 and

through a really bad crisis in 2008 and nine with my business during the

nine with my business during the

nine with my business during the downturn the RV the RV business is like

downturn the RV the RV business is like

downturn the RV the RV business is like taking the housing market and the car

taking the housing market and the car

taking the housing market and the car business and bushing them together and

business and bushing them together and

business and bushing them together and there were days where I really thought I

there were days where I really thought I

there were days where I really thought I was going to lose everything and I

was going to lose everything and I

was going to lose everything and I remember laying off a lot of people and

remember laying off a lot of people and

remember laying off a lot of people and coming out of that recession thinking to

coming out of that recession thinking to

coming out of that recession thinking to myself that the country had really

myself that the country had really

myself that the country had really gotten into a really dark place and I

gotten into a really dark place and I

gotten into a really dark place and I had suffered from a lot of problems as a

had suffered from a lot of problems as a

had suffered from a lot of problems as a child whether his eating disorders are

child whether his eating disorders are

child whether his eating disorders are being sexually abused where I felt like

being sexually abused where I felt like

being sexually abused where I felt like I was always the underdog and I don’t

I was always the underdog and I don’t

I was always the underdog and I don’t know what happened but I felt very

know what happened but I felt very

know what happened but I felt very blessed coming out of that downturn that

blessed coming out of that downturn that

blessed coming out of that downturn that I had to do something different and so I

I had to do something different and so I

I had to do something different and so I met with CNBC and I talked to them about

met with CNBC and I talked to them about

met with CNBC and I talked to them about the fact that they were very strong on

the fact that they were very strong on

the fact that they were very strong on big business and very strong on telling

big business and very strong on telling

big business and very strong on telling people how bad the market was and

people how bad the market was and

people how bad the market was and fortune 500 companies and nobody was

fortune 500 companies and nobody was

fortune 500 companies and nobody was kind of fighting for this untold story

kind of fighting for this untold story

kind of fighting for this untold story and I really felt like my big mouth and

and I really felt like my big mouth and

and I really felt like my big mouth and my checkbook you can kind of solve some

my checkbook you can kind of solve some

my checkbook you can kind of solve some of those problems I don’t really feel

of those problems I don’t really feel

of those problems I don’t really feel like I’m gonna be able to solve all of

like I’m gonna be able to solve all of

like I’m gonna be able to solve all of them but you know I’ve I’ve done 45

them but you know I’ve I’ve done 45

them but you know I’ve I’ve done 45 episodes and spent over thirty million

episodes and spent over thirty million

episodes and spent over thirty million dollars of my own money trying to solve

dollars of my own money trying to solve

dollars of my own money trying to solve those problems and I think for me what’s

those problems and I think for me what’s

those problems and I think for me what’s changed I said I’m meeting kids that are

changed I said I’m meeting kids that are

changed I said I’m meeting kids that are 7 8 9 10 years old that are now telling

7 8 9 10 years old that are now telling

7 8 9 10 years old that are now telling me that they think it’s cool to own a

me that they think it’s cool to own a

me that they think it’s cool to own a business

business

business when kids before would tell you it’s

when kids before would tell you it’s

when kids before would tell you it’s cool to be a professional football

cool to be a professional football

cool to be a professional football player every business that I’ve invested

player every business that I’ve invested

player every business that I’ve invested in hasn’t been a success I’ve had

in hasn’t been a success I’ve had

in hasn’t been a success I’ve had failures much like most people whether

failures much like most people whether

failures much like most people whether it was running for office as a state

it was running for office as a state

it was running for office as a state legislator when I was 21 and losing or

legislator when I was 21 and losing or

legislator when I was 21 and losing or watching certain businesses that I

watching certain businesses that I

watching certain businesses that I invest in misjudge people or misjudged

invest in misjudge people or misjudged

invest in misjudge people or misjudged process or misjudged the product and

process or misjudged the product and

process or misjudged the product and I’ve also lost but at the end of the day

I’ve also lost but at the end of the day

I’ve also lost but at the end of the day I keep a scorecard and the scorecard

I keep a scorecard and the scorecard

I keep a scorecard and the scorecard isn’t about just dollars and cents it’s

isn’t about just dollars and cents it’s

isn’t about just dollars and cents it’s how much do I enjoy investing in the

how much do I enjoy investing in the

how much do I enjoy investing in the business and is this a business that I’m

business and is this a business that I’m

business and is this a business that I’m really proud to put my name on that to

really proud to put my name on that to

really proud to put my name on that to me is the true testament some businesses

me is the true testament some businesses

me is the true testament some businesses have great returns and some have average

have great returns and some have average

have great returns and some have average returns sometimes the ones receive

returns sometimes the ones receive

returns sometimes the ones receive average

average

average are the ones that are most enjoyable

are the ones that are most enjoyable

are the ones that are most enjoyable I’ll give you a real quick story I went

I’ll give you a real quick story I went

I’ll give you a real quick story I went and did a speaking engagement in Chicago

and did a speaking engagement in Chicago

and did a speaking engagement in Chicago about two years ago somebody in the

about two years ago somebody in the

about two years ago somebody in the audience participated with me they went

audience participated with me they went

audience participated with me they went home they applied to the show they ended

home they applied to the show they ended

home they applied to the show they ended up being the premiere episode of the

up being the premiere episode of the

up being the premiere episode of the next season

next season

next season I forgot how I met them I totally forgot

I forgot how I met them I totally forgot

I forgot how I met them I totally forgot about it and now they’re the biggest

about it and now they’re the biggest

about it and now they’re the biggest success story on the history of the show

success story on the history of the show

success story on the history of the show what would be the moral of that story

what would be the moral of that story

what would be the moral of that story for you all the story is take a chance

thank you guys so much for watching I

thank you guys so much for watching I made this video because black asked me

made this video because black asked me

made this video because black asked me to if there’s someone you like me to

to if there’s someone you like me to

to if there’s someone you like me to profile in their future top ten please

profile in their future top ten please

profile in their future top ten please check out the link down in the

check out the link down in the

check out the link down in the description below and you can cast your

description below and you can cast your

description below and you can cast your vote on who we should do next I also

vote on who we should do next I also

vote on who we should do next I also want to give a quick shout out to Josh

want to give a quick shout out to Josh

want to give a quick shout out to Josh Vern from flock you thank you so much

Vern from flock you thank you so much

Vern from flock you thank you so much for picking up a copy of my book your

for picking up a copy of my book your

for picking up a copy of my book your one word and creating that review on

one word and creating that review on

one word and creating that review on your website and for being a guest on my

your website and for being a guest on my

your website and for being a guest on my channel as well before I really

channel as well before I really

channel as well before I really appreciate the support and I’m so glad

appreciate the support and I’m so glad

appreciate the support and I’m so glad that you guys enjoyed the read thank you

that you guys enjoyed the read thank you

that you guys enjoyed the read thank you guys again for watching I believe in you

guys again for watching I believe in you

guys again for watching I believe in you I hope we can’t you need to believe in

I hope we can’t you need to believe in

I hope we can’t you need to believe in yourself and whatever your one word is

yourself and whatever your one word is

yourself and whatever your one word is much love I’ll see you soon

much love I’ll see you soon

much love I’ll see you soon [Music]

when I was younger and I first started

when I was younger and I first started making money it was fun to sort of buy

making money it was fun to sort of buy

making money it was fun to sort of buy things I had a Bentley and I thought I

things I had a Bentley and I thought I

things I had a Bentley and I thought I was a badass and it was sort of I think

was a badass and it was sort of I think

was a badass and it was sort of I think the best part of sort of having success

the best part of sort of having success

the best part of sort of having success is being able to help other people and

is being able to help other people and

is being able to help other people and it sounds corny and I don’t mean give

it sounds corny and I don’t mean give

it sounds corny and I don’t mean give money away yeah I mean sort of take

money away yeah I mean sort of take

money away yeah I mean sort of take chances on people and so you I’m part of

chances on people and so you I’m part of

chances on people and so you I’m part of the reason that I do this show is to

the reason that I do this show is to

the reason that I do this show is to sort of give people hope that you can

sort of give people hope that you can

sort of give people hope that you can invest in other people and give them a

invest in other people and give them a

invest in other people and give them a shot but it’s it’s probably more than

shot but it’s it’s probably more than

shot but it’s it’s probably more than that than anything else you seem like an

that than anything else you seem like an

that than anything else you seem like an amazing guy to work for I think I guess

amazing guy to work for I think I guess

amazing guy to work for I think I guess what I could be asshole to but but I’m

what I could be asshole to but but I’m

what I could be asshole to but but I’m very I’m be honest I mean I’m I just am

very I’m be honest I mean I’m I just am

very I’m be honest I mean I’m I just am very passionate about what I do what’s

very passionate about what I do what’s

very passionate about what I do what’s your biggest business criticism of your

your biggest business criticism of your

your biggest business criticism of your friend

friend

friend we always had disagreements about this

we always had disagreements about this

we always had disagreements about this he’s always like thinking ahead about

he’s always like thinking ahead about

he’s always like thinking ahead about like he’s always working on his next

like he’s always working on his next

like he’s always working on his next renovation his next service and I’m like

renovation his next service and I’m like

renovation his next service and I’m like more like what you’re saying but what

more like what you’re saying but what

more like what you’re saying but what about this so I think he’s renovated too

about this so I think he’s renovated too

about this so I think he’s renovated too strong me to hold that 104 yeah just to

strong me to hold that 104 yeah just to

strong me to hold that 104 yeah just to make sure you don’t spend it god I think

make sure you don’t spend it god I think

make sure you don’t spend it god I think he’s renovated the store a bunch of

he’s renovated the store a bunch of

he’s renovated the store a bunch of times he’s oh he’s putting up tents in

times he’s oh he’s putting up tents in

times he’s oh he’s putting up tents in the backyard

the backyard

the backyard astroturf you know it’s always like he’s

astroturf you know it’s always like he’s

astroturf you know it’s always like he’s trying he’s so passionate about the

trying he’s so passionate about the

trying he’s so passionate about the what’s best for the dog and and I’m like

what’s best for the dog and and I’m like

what’s best for the dog and and I’m like oh slow down a little bit okay yeah I

oh slow down a little bit okay yeah I

oh slow down a little bit okay yeah I mean my idea right people buy services

mean my idea right people buy services

mean my idea right people buy services based on cosmetic too because before

based on cosmetic too because before

based on cosmetic too because before there we had gravels on the floor yeah

there we had gravels on the floor yeah

there we had gravels on the floor yeah you know I always used to complain hey

you know I always used to complain hey

you know I always used to complain hey you know the graph was too hot for my

you know the graph was too hot for my

you know the graph was too hot for my dogs feed all right there is always an

dogs feed all right there is always an

dogs feed all right there is always an issue so I try to invest in ways to

issue so I try to invest in ways to

issue so I try to invest in ways to cosmetic and make the places but I want

cosmetic and make the places but I want

cosmetic and make the places but I want you to have a plan and I want you to say

you to have a plan and I want you to say

you to have a plan and I want you to say over the next three years here are the

over the next three years here are the

over the next three years here are the things that I want to do and here’s what

things that I want to do and here’s what

things that I want to do and here’s what it’s gonna cost me and I’m gonna stick

it’s gonna cost me and I’m gonna stick

it’s gonna cost me and I’m gonna stick to the plan because what I hear from him

to the plan because what I hear from him

to the plan because what I hear from him is you’re kind of just doing something

is you’re kind of just doing something

is you’re kind of just doing something different and changing it all the time I

different and changing it all the time I

different and changing it all the time I mean I its reinvest in no but I hear we

mean I its reinvest in no but I hear we

mean I its reinvest in no but I hear we know that’s a good word yeah the best

know that’s a good word yeah the best

know that’s a good word yeah the best things a good way you’re in your

things a good way you’re in your

things a good way you’re in your apartment because you live there and you

apartment because you live there and you

apartment because you live there and you don’t like the way it looks so every

don’t like the way it looks so every

don’t like the way it looks so every once in a while you’re gonna repaint the

once in a while you’re gonna repaint the

once in a while you’re gonna repaint the place no no it’s not it’s it’s not even

place no no it’s not it’s it’s not even

place no no it’s not it’s it’s not even that okay

that okay

that okay truly about the store like so the

truly about the store like so the

truly about the store like so the downstairs the wall used to be here and

downstairs the wall used to be here and

downstairs the wall used to be here and now it’s here now it’s here

now it’s here now it’s here

now it’s here now it’s here used to be you know I mean like honestly

used to be you know I mean like honestly

used to be you know I mean like honestly if you ask how many time he’s renovated

if you ask how many time he’s renovated

if you ask how many time he’s renovated in the past 18 months it’s probably

in the past 18 months it’s probably

in the past 18 months it’s probably three different though it’s different

three different though it’s different

three different though it’s different unique improvements 2008-2009 maybe even

unique improvements 2008-2009 maybe even

unique improvements 2008-2009 maybe even part of 2010 the world was a very dark

part of 2010 the world was a very dark

part of 2010 the world was a very dark place it’s dug for everybody I’m not

place it’s dug for everybody I’m not

place it’s dug for everybody I’m not sure that the lights necessarily come

sure that the lights necessarily come

sure that the lights necessarily come back on yet but for me it was maybe the

back on yet but for me it was maybe the

back on yet but for me it was maybe the darkest point in my life at that moment

darkest point in my life at that moment

darkest point in my life at that moment while the world was crumbling I thought

while the world was crumbling I thought

while the world was crumbling I thought my business was gonna crumble as well

my business was gonna crumble as well

my business was gonna crumble as well and the RV business is kind of

and the RV business is kind of

and the RV business is kind of interesting it’s like taking the housing

interesting it’s like taking the housing

interesting it’s like taking the housing market which was crumbling and the auto

market which was crumbling and the auto

market which was crumbling and the auto business which is crumbling and crashing

business which is crumbling and crashing

business which is crumbling and crashing them together and making an RV so as you

them together and making an RV so as you

them together and making an RV so as you can imagine it was not a recipe for

can imagine it was not a recipe for

can imagine it was not a recipe for success that point I had to layoff over

success that point I had to layoff over

success that point I had to layoff over 1,500 people not people that were bad

1,500 people not people that were bad

1,500 people not people that were bad employees or non performers it was truly

employees or non performers it was truly

employees or non performers it was truly in survival mode when you really talk

in survival mode when you really talk

in survival mode when you really talk about humility and maybe even in the

about humility and maybe even in the

about humility and maybe even in the early 2000s I lost some of it it truly

early 2000s I lost some of it it truly

early 2000s I lost some of it it truly brought me back down to earth so as I go

brought me back down to earth so as I go

brought me back down to earth so as I go into these businesses and I meet owners

into these businesses and I meet owners

into these businesses and I meet owners who tell me that it’s tough to make the

who tell me that it’s tough to make the

who tell me that it’s tough to make the hard decisions or they’re unwilling to

hard decisions or they’re unwilling to

hard decisions or they’re unwilling to make the hard decisions it’s very easy

make the hard decisions it’s very easy

make the hard decisions it’s very easy for me to become forceful about the

for me to become forceful about the

for me to become forceful about the importance of surviving small business

importance of surviving small business

importance of surviving small business in America could be the single hardest

in America could be the single hardest

in America could be the single hardest thing to execute what I feel good about

thing to execute what I feel good about

thing to execute what I feel good about is that all these big businesses that

is that all these big businesses that

is that all these big businesses that have this wild success started as a

have this wild success started as a

have this wild success started as a small business every business in America

small business every business in America

small business every business in America that’s successful today started as an

that’s successful today started as an

that’s successful today started as an idea in someone’s garage

idea in someone’s garage

idea in someone’s garage you

”

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