10 Dumbest Mistakes Entrepreneurs Make With Their Money

10 Dumbest Mistakes Entrepreneurs Make With Their Money
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Once you learn the game of money, it is very easy to make money. But as easy as it is to make money, it is 100 times easier to lose it all, if you make one of these 10 dumbest mistakes entrepreneurs make with their money.

#1: Wasted Services – 0:24

#2: Legal Team – 1:20

#3: Hiring Resumes Vs. Believers – 3:37

#4: Residual Checks – 4:29

#5: Liquid – 5:56

#6: Profits Over Value – 8:12

#7: Being Too Cheap – 9:11

#8: Unrelated Businesses – 9:29

#9: Active Vs. Passive Investors – 10:31

#10: Diversify – 11:53

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37 thoughts on “10 Dumbest Mistakes Entrepreneurs Make With Their Money

  • March 7, 2017 at 2:46 am
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    I love your channel! Just starting my company, just collected my first check first person I called was my accountant!

  • March 9, 2017 at 10:03 pm
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    Reminds me of my dad when he said “I love cash”.

  • March 10, 2017 at 4:32 pm
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    a lack of real due diligence is a major mistake many fall to

  • March 15, 2017 at 3:53 am
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    Hey. I’m in Australia, and I’m thirteen, so I don’t know much about this. But I’m wondering, what do I do, in terms of buying my first mobile home park? Do I invest lots of money I don’t have, so in a while I will have it? Please help. Thanks.

  • March 16, 2017 at 3:21 am
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    one of my biggest mistakes was becoming equal business partners with someone who didn’t have the same world views and values as me. because of this, we couldn’t respect each other’s decisions , and we kept arguing . the Company collapsed

  • April 4, 2017 at 9:35 pm
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    Damn only 22 dislikes, that’s impressive. It’s nice to see that kind of positivity

  • April 6, 2017 at 7:26 pm
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    “Mistakes have the power to turn you into something better than you were before.” – Anonymous

  • April 18, 2017 at 3:26 am
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    Patrick you are a freakin’ GENUIS!!!! VALUEtainment has to be one of the BEST brand name ever!!! Hehe

  • May 1, 2017 at 11:41 am
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    Definitely lost money on services that were promised but not delivered.

  • May 11, 2017 at 6:59 pm
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    This content is out of this world. It is great to be able to learn from someone so experienced like Patrick and also be able to learn what they won’t teach you in any University!

  • May 13, 2017 at 1:40 am
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    Another dumb mistake I recognize is that when the first profits come, it is better invested them in tools which can achive to multiply work, and not the opposite.

  • May 14, 2017 at 7:36 am
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    When you were talking about diversifying what if your a teen and hustling and selling things for profit does it relate?

  • May 24, 2017 at 1:59 am
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    one thing I doubt about active investor is that they can become future competitors. how to prevent this and deal safely with active investors

  • May 28, 2017 at 10:19 pm
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    3:23 For anyone who doesn’t want to take care of their taxes and thinks Patrick is full of it, I highly suggest reading either jump or act like a success think like a success by Steve Harvey in both books he talks about when his accountant didn’t pay his taxes for about eight years and the consequences that came with that.

  • June 25, 2017 at 5:19 am
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    hi. biggest mistake I’ve made was being in a partnership with a guy who only care about himself and not the business…eventually he even steal from our busi ess. Lesson learned. Know your business, do your homework and always know your people.

  • July 19, 2017 at 1:51 am
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    ■■■hire believers over resume■■■

    pay taxes early

    focus over value over profits

    sometimes its better to get the deal with less money but better people

    have active investors instead of passive(active has values)

    focus on 1 industry

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