This content was created by Larry Weidel. This content was uploaded by Larry Weidel. This is a YouTube video titled "How To Turn Yourself Into A Money Machine - Part 1" created in April 2013. The content is a monologue or talk focused on business growth strategies, explaining how an individual can develop a product or service, scale their business beyond personal effort, and build systems for expansion and distribution. The speaker uses historical examples and analogies to illustrate the process of turning a personal skill or product into a scalable business.
Let's talk about how to turn yourself into a money machine. And let's face it, isn't that what business is all about? If you get a business of your own, you want to do more than have a job where you work around the clock. You'd like to get a business where you have success. You're making, selling, you're offering services. But money is coming in whether you're there or not. How does that happen? Well, first of all, it starts with you. It starts with a person. And what happens? You get something that you can sell, you get something that you can build. You know, you invent something. Maybe you get something you can fix, or you get something where you can advise people on. Somehow you get something you can do that you can generate income doing. I don't care what it is. Something, something of value, something unique, something people want. And that's the starting point. Until you get good at doing something, you can't turn it into a. Now, let's just use as an example, Thomas. You know, you have Edison in the light bulb. Edison and the bulb 10,000. You know, he couldn't do anything other than experiment and work like a dog until he come up with a way to actually make it. Then he didn't have to experiment anymore. It was a matter of going into production. Then you had, who Ford yet Henry Ford in there, and he figured out how to make a car. And they said back in the early days of the automobile industry, there was a car company in every garage in America. I guess it was kind of like the rock band, like rock music in our generation. There's a garage every. Everywhere there's a garage. You got a garage band in there practicing. And so, you know, it all starts when they get this. Now here's. They've got a dilemma at that point. And the dilemma comes in is you have to do it all your and you become like a gerbil on a treadmill. It does no good to have a product. If you have a really good product, everybody wants it. What happens is you're going to work. You only have 24 hours in a day. You're going to be limited. Plus you're going to be limited on how many you can produce, how much money you can make. And again, you're tied down there in the basement or the garage making those things. And you're limited in how many people you can help. So this is. If you have something really popular people are wild for, you've got to take it beyond yourself. So how do you do it? Because what's going to happen is you max out. But the truth of it is, if you really want to build a money machine business for your own, you got to find something that you can do really well, that people want. And you're going to go through a stage where you do max out, working round the clock on it, because you're the linchpin, you're the one it starts with. You can't shortcut that stage. You got to get where you're good at something, where you've got something that people want. Now from there you move on out beyond yourself because you want to, number one, you want to continue to, you want to expand, you want to get it better. And there's no way you can make it better if it's just you do it trying to keep up doing it the same way you're under. Do you want to keep making advances in improving it? Otherwise your competition is going to catch on and they're going to be copying what you're doing and you're going to, you know, you could, could lose your uniqueness, your competitive advantage. So you want to get more people involved and you want to get out there and reach the people. You don't want to keep this thing. You want to reach the people, actually, you want to reach the masses. See? And the only way to do that is to start getting more people involved. And this is how all things work. So this, in the old days, back, you know, in smaller things, the way it worked is you had the guys who were really at the top of their game. They were the masters, you know, master silversmiths, you know, like Paul Revere. Paul Revere who, you know, warned against the British. He was a master silversmith and the masters were the, the top guys of the profession. They had a shop and they would bring in an apprentice and that's how they passed it on to the next generation. That's how they got more done. That's how they kind of freed themselves up from doing all Monday thing. And usually you would stay in there and you would, you would learn, you teach one person and that you're in there. Your apprenticeship was usually about seven years. That's how things worked. And it was one at the time. And this how many businesses, industries, not only businesses, industries, but even a profession like doctors. It was one at a time. Even, even in the grocery business, the grocery business, or even when Coca Cola got started, what happened is you would get the personal attention, like even doctors. Remember the old days, you see it on TV anyway, house calls. They would do it one by one by one. Then you have like the grocery business. I remember going to visit my grandfather in South Georgia in the summers. They would have a bus come by and it would be loade with groceries and goodies. It's kind of like a traveling 7:11. And he would go from house to house, one at a time, you know, one by one, driving up and through the farm communities, taking all this stuff out there. And then when Coke got started, they'd load that up in a wagon and go from house to house, business to business, dropping off the Coke. But see, it all started like that. But if it's popular and people want it, you want to keep growing, you got to have new systems, you got to be able to duplicate yourself. So now that's why it progressed into where you have grocery stores. And not only do you have grocery stores in one location, you have multiple locations, you know, franchise as many locations as possible. People can come in. Why? So you can get, you can distribute more of this stuff. And then that, you know, same thing with Coke. Coke has got about 400 different ways that multiple ways of distribution. You can get it in the machines, you can get it in the stores. They have the magic machine now that's got all of them in there and you press buttons. I don't know if you've seen those things, but multiple different ways, methods of distribution. Much like Starbucks, same way. And doctors now have offices, they have clinics, you know, they have offices where they might be by themselves or multiple doctors in there. They'll have clinics ways where they can get batch up this stuff. Get lots of hospitals also now they're not, you know, you don't have to just deal with the doctor and the office. You can have hospitals where you can serve. All of this goes into where you can get more people served, sold or whatever. Served, sold or advised. Same thing with you know, all the different things like CPAs and attorneys. All of these things evolve this way as they get bigger. And so the deal is how can you get take your business. The question is how do you move? How can you do it? How do you move from you to a business to where you have locations, people trained people, developed multiple things. And how can you build your business? Well, that's what we're going to talk about on part two. It.
