This morning I was just on YouTube watching some other stuff when I saw a suggested this suggested video.
I really thought nothing about it at first but I decided to check it out to see what this guy had to say and I was blown away.
The speaker here is Gary Vaynerchuck. He’s an entrepreneur that used to run a wine e-commerce business and now runs a successful social media agency that does $100 million in revenue. He also happens to have a sizable following on social media.
When I googled him though he had his fair share of detractors. The harshest really likening him to a motivational get rich scheme kind of speaker and maybe he’s just that. But listening to what he said in the first 5 minutes of the video made so much sense.
Here’s my key takeaway from it:
- We live in a world now where everyone thinks they have to be an entrepreneur but it’s not that. Entrepreneurship isn’t for everyone. What’s important is being self aware of who we are and then deploying our skills on things that suit it best. Maybe we aren’t good entrepreneurs but we’ll be good number 2s or 3s or 4s or 5s.
- Startups are chasing paper valuations but driving user numbers of whatever metrics in the hope of raising a higher round and eventually exiting. What happened to building a business that makes money?
- Stay in your lane. Know what you’re good at and what you’re known for and keep to it. Don’t deviate.
I think this video is really worth listening to if you’re an entrepreneur or setting out to be one. Or even if you’re just interested in entrepreneurship.
So check it out!
Timothy Tiah – Co-Founder of Colony, Kuala Lumpur Co-Working Space