Patrick BiddiscombeNew Breed · Founder & CEO of New Breed | HubSpot-Led Growth | Advisor to HubSpot & FinQore

GaryVee Reveals Why THIS S***t Will Put YOU Out Of Business #Shorts

Name: GaryVee Reveals Why THIS S***t Will Put YOU Out Of Business #Shorts
Uploaded: 2022-04-28T14:59:16+00:00
Duration: 58 s
Channel: Patrick Biddiscombe
Description: A short monologue by Gary Vaynerchuk warning that businesses focusing on short-term gains risk being disrupted. He argues incumbents (e.g., Marriott…

28 Apr 2022 · 1 min

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A short monologue by Gary Vaynerchuk warning that businesses focusing on short-term gains risk being disrupted. He argues incumbents (e.g., Marriott, medallion owners) should cannibalize their own models to prevent startups like Airbnb and Uber from displacing them, and urges a mindset of trying to 'put yourself out of business' to stay competitive in the internet era.

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If you're not making long term decisions, you will be vulnerable. The market's changing very quickly and anybody who's looking for short term stuff gets short term stuff and then gets hurt in the long term. Airbnb, guys. Airbnb shouldn't have been invented by Brian and Joe. Airbnb should have been invented by Marriott. But Marriott is looking short term and isn't creating business models to put themselves out of business. Uber should have not been created by Garrett and they should have not been created by Garrett and Travis. They should have been created by the guy or girl that owned the most medallions in New York City or by Greyhound. If you sit here tonight and you're doing well, you're in danger because there's somebody young and hungry that has the Internet, which is a platform that creates a zero cost to get into the game that's coming after your shit. So if you don't do what I do, which is wake up every single morning and, and try to put yourself out of business, somebody else is going to do it for you.