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Help Billionaires Make More Money

Name: Help Billionaires Make More Money
Uploaded: 2024-08-19T21:00:27+00:00
Duration: 32 s
Channel: Shanli Liu, CPA, CTP
Description: In this brief monologue, the speaker argues that to build a successful business you must target customers who both need a problem solved and have the…

19 Aug 2024 · 1 min

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In this brief monologue, the speaker argues that to build a successful business you must target customers who both need a problem solved and have the money to pay for the solution. While many aspire to serve billionaires, these ultra‑wealthy individuals are highly selective and only work with those who have extensive experience. Therefore, the speaker advises entrepreneurs to first identify where they can provide the most value, then ensure that the prospective client also has the financial capacity to pay. A business is only viable when both value provision and paying ability align; lacking either makes the venture unsustainable.

Chapters

The best thing to do is help billionaires make more money. Problem is everyone wants to do that and billionaires tend to be very smart. So they only go with people that have a shitload of experience. You have to use what you have right now. Who can you provide the most value to? You might then think, well, these people have the money to pay me, but you're missing the first part, which is you don't have the value to provide them. So you need both. The most value to the person who can pay me the most money. That's who I sell to. I can provide tons of value. They can't pay me. Not a business. They have lots of money and I can't provide them value. Not a business. You need both problem to solve, the money to spend.