Skip to main content

Adopt a Long-Term Strategic Vision

7:44
13:24
20.8K views

At 7:44 in

He went from making $15K a year in lawn care to almost 1 million in construction in 12 months

What happens here

Instead of focusing solely on immediate gains, the entrepreneur advocates for running the business with a five-year outlook. This involves constantly assessing market conditions, anticipating economic shifts (like an impending recession), and making proactive decisions to position the business for future success. By planning for what will happen in the future, especially during economic downturns, a business can gain a significant competitive advantage by being prepared when others are in a state of panic or forced to sell assets at a loss. This long-term perspective enables strategic investments and calculated risks.

Goal: Position the business for sustained success and resilience by planning several years into the future.

What they say

Hide

oh this is a long-term investment so what I really want you to do is so when I'm actually operating my business at this point in time I'm actually running it for today but I'm prepping it for the orbiter four years down the road and here's something that not a lot of guys know about yet and this is gonna some of these guys are gonna agree some of them aren't going to disagree with me but there is a recession coming there is a recession coming because I give chances on the big Whitman manufacturers and one of them one of the biggest equipment manufacturers and he said Sam there's a recession coming and I don't know if it's gonna happen in two months these were his words to me two weeks ago he said I don't know if it's in two months or if it's gonna be in two years but it's coming and you know what you got to prepare for the future I'll tell you this right now people thought I was crazy why I bought my machines I bought my appointment outright okay they're like oh you should be building credit you know I know I know it's because what he just said about there might be a recession coming what happens if a recession comes okay the the market plummets yeah for your business and then you're stuck with paying all of these high interest loans yeah okay they're like all you have to build credit double credit well yeah that but gradually build credit you're not just gonna go dump all your stuff into you know open up a glass of wine of credit and then recession comes and then you have no no your income just plummets and then what your stuff it'll be a house so yes so you're growing part of the part of the thing that I want to talk about is the actual proof of the recession so you're growing astronomically and I want to caution you you're growing the right way so if you're not leveraging and putting a lot of credit out there and making payments that you'll have to continue to make Wow well the market crashed because when the market died exactly the prices of jobs died dive and people that have a lot of overhead a lot of new payments that they got to make often other ones that go out of business there's other ones how it comes in quickly goes out quicker yes it does so I'm Gary Vaynerchuk you know we're gonna argue or talk about recessions Gary Vaynerchuk said it in between the lines I said it read an interview or listen to an interview where he talks about the recession he's talking about entrepreneurship but he talks about the recession in a way that makes it just…

Auto-generated from the video audio.