Stop Taking Business Advice Blindly | Moshe Bochner x Mordechai Yoel Friedman

Welcome back to another episode. Please do please subscribe subscribe. We want to get to 10,000 subscribers. the YouTube algorithm YouTube 84% soc >> [snorts] >> He's top of the line. So I guess a genius. So business and let's dive in and and let's and let's go in let's discuss business with so introduction. So coaching business about about >> okay >> um companies actually business owners improving their business as business owner And here we are. We're not going to discuss different coaches in different mention. So how's that team? How do you balance that? >> So actually coaches. So >> okay, >> I'm actually coaching. >> I love coaching. I always do it. >> Got it. So you delegate and from there you elevate. >> Exactly. >> Beautiful. >> What's on agenda today? >> What's an agenda? >> Let's let's take two topics at a time. Let's start with topic number one. >> So topic number one is a podcast. podcast is let's see so usually is oneonone one two group basically mention is basically a form from public let's call it advice >> public speak okay >> public advice to a a famous author Ben Hardy what Yeah. >> Yeah. So, so >> okay. >> So, don't go in Don't go into real estate. You lose your your shirt. So those who will succeed will succeed. They're just asking for >> they want to feel good. >> They just they're just asking for permission to feel good. Just asking for permission to to stay small. So the idea is idea is then when they mention the best ambitious clarity but in the end it's up to you the risk the consequences. >> Okay. So So manager dispatcher and driver that point. Yeah. Um, probably around the S&P conversation. Okay. Okay. investment is uh generally an investment attentive investment is the S&P 500 but it's probably always outperform >> okay >> but reflect the conversation >> so made reinvestments conversation. I don't know. Likely. Very nice of you. Appreciate it. Proactive. Okay. So the master and you got to give the credit. No. >> [snorts] >> This is the point. credit. So just a correlation. We work only with good people. explain mention well mention probably no. So, so Um for conversation [snorts] nice whatever next conversation a nice a kind person >> a status. There's difference between time. >> Okay. Just keep focus. Okay. >> Beautiful. So that that's basically the answer. >> Okay. So the philosophy of the intuition of >> Yeah. >> Is that scalable? >> Okay. It's it's scalable. >> Is that scalable? >> Yes, it is. >> How how is that scalable? Um no mention people experience nothing against him. He's a nice guy, but simple dimension. I would love to qualifiers instead broad strokes. get obviously. So checkboxes. He's around the block for two years. That's number one. Number two, beautiful employees. Okay. a certain a certain dollar amount whatever the number is. >> Okay. >> Still very technical. Still very bad experiences. Okay. I'm doing this already. We are doing this already for five years. And it's getting better by the day. [clears throat] I love it. I love it. So very important. actual qualifiers of soft certain dollar amount for employees. It's very telling very telling. There's a lot of quote unquote bad people with these criterias. >> 100% a lot >> a lot um these soft soft criterias qualifiers and just but think about it. Think about it. We're talking about scaling. >> These things are not scalable. As long as they don't have a method, they're not scalable. >> 310x. >> Okay. Okay. >> Okay. So, so actual decision. So, think about it. options often. Okay. So the cl is any decision is a good decision. The worst decision is no decision. But how important this is? [snorts] First customer first. Okay. So I get I get the concept but but the concept is And yeah, Blue Origin. Yeah, >> Blue Origin is is on rocket company space company accelerating decision making and this is how powerful is pivotal decisions decisions. wrong decision. So in businesses so important [snorts] businesses actually decision This this is so important. This is mentioned now. When I came all I brought to them was the clarity about how important decisions are and they learn the skill decisions and like everything goes better. You got to know what your risk risk tolerance is. Yeah. So what are the The max risk is the risk is not so big successful. That's the concept. >> Yeah. Yeah. So this is this is concept bution is actually what you're telling me. They just cannot operate. for mention this is soiety and one of the big keys. So if you don't have it and you can admit it to yourself, this one better the best operator as it is construction company and the success from the company and food vacation and was unsuccessful and a nice guy. And little do you know answer. Running a business is a total different animal is a total different animal. Okay. Did I get the bubbles for [snorts] 100% businesses? But if it's not for you, exactly advice, public advice, quitters, >> you got to know when to say no. You got to know when to say I'm proud of quitting. But art in quitting know when to quit. painful. New Jersey was aim. So the detail to the number is it viable? Is it not viable? 100% back office AP accounts payable on billing estimating bookkeeping. So my business the vast the best. Okay. the job. No. >> No. Okay. I would love to go to scaling. So mention which is good informed and being informed actually LTB confidence. Let's talk business. Prophet first. >> Prophet first very important. But Michael Gerber Michael Gerber. So while both of these concepts are very very important and they're not conceptually mindset [snorts] so Michael Michael Gerber is very entrepreneurial next step you know and and profit First mention failed. [snorts] Okay. Love counted for mention at their own discretion. Advice at your own. But to my point is perspective. Let's call it the big boys. Actually, I would >> [cough] >> Okay. Okay. cause and effect is part of my budget sense. Well, well, marketing is about is is is about in the end of the game. [snorts] Okay. >> Yeah. So, market marketing is is is about is about conversion. It did not convert. do branding which I wasn't going to spend at the moment for that [laughter] >> okay >> so so scaling is exactly scaling is about what not to do what not to do keeping to your core. Scaling is The business which is a business problem to business. Why [snorts] is what I'm doing now is not going to work. is not going to not to make it basically whatever whatever it is. But the residential homes and the next dimension was all of a sudden text in days. never going to make it make make it in this time frame. This needs to happen. So number two is in storm. installment. So this is the bounding. So the idea is the perfect Then don't do it. >> Don't do it. Don't do it. There's no promise. There's no promise. So, we got to wrap it up. Next next positive other was a pleasure. Thank you, Vank.