Ferrari isn’t a Car company. It’s a racing team that sustains itself selling cars & merch. They don’t have costumers, they have fans.
@zeropaloobatheuber1572
Жыл бұрын
I agree, Ferrari started that way. I think now, it’s almost a fashion company. As James said-watches, clothes, Ferrari branded merchandise.
@mavrosyvannah
Жыл бұрын
Who makes the racing team costumes then, if they have no costumers?
@justsomeguy1141
Жыл бұрын
Good short essay, you nailed the Ferrari thesis
@justsomeguy1141
Жыл бұрын
@@mavrosyvannahdon’t be trite
@vespadavidson2315
Жыл бұрын
@@justsomeguy1141I thought it was amusing.
@himedft
Жыл бұрын
This a great video, I learn alot watching your videos and it has been helpful to me. building steady income is quite difficult newbies.Thanks to Sophia for improving my portfolio,keep up with good videos.
@Mavistyio
Жыл бұрын
wow that's awesome news
@Mavistyio
Жыл бұрын
but I recommend Mrs Sophia she's my bitcoin trading manager
@bennyhinu
Жыл бұрын
Wow I' m just shock someone mentioned expert Sophia I thought I'm the only one trading with her
@bennyhinu
Жыл бұрын
She helped me recover what I lost trying to trade my self
@akenemabresi
Жыл бұрын
Mrs Sophia has changed my financial status for the best.all thanks to my aunty who introduced her to me
@BenjaminMazs
Жыл бұрын
Please don't ever stop making videos James! 🙏🏻 I enjoy them so much. Thanks
@JamesSinclairEntrepreneur
Жыл бұрын
Cheers, first comment! I’ll keep making them - even if it’s just for you!
@BenjaminMazs
Жыл бұрын
@@JamesSinclairEntrepreneur you have no idea how happy this response makes me! Your content is brilliant. Wishing you all the best mate! 👍🏻
@seasons7510
Жыл бұрын
Do you ever worry about going bust
@dotpenji
Жыл бұрын
Hey there, let me start by saying your insights on business success and the examples you shared really shed light on some key factors that contribute to a company's downfall. It's evident that you have a wealth of practical experience to draw from. 😊 I'm curious about something you mentioned regarding innovation. You highlighted how companies like Lamborghini and Toys R Us could have turned their situations around through innovation. In your opinion, what are some effective strategies that entrepreneurs can employ to foster a culture of innovation within their businesses? Looking forward to learning more from you! 🚀
@kristineambas
Жыл бұрын
I agree! Your insights on business success and the examples you provided offer valuable lessons. I'm also curious about effective strategies for fostering innovation within businesses. Looking forward to your insights on this topic! 🚀😊👍
@aicetaylor8332
Жыл бұрын
It's wonderful to hear that these discussions illuminated the crucial elements that can lead to a company's downfall. Thank you for recognizing the practical experience that forms the foundation of these insights.
@MarkexcelSarsaba
Жыл бұрын
It's great to know that these conversations have shed light on the critical factors that can contribute to a company's downfall. I appreciate your recognition of the practical experience that underpins these insights.
@monicasoriano8581
Жыл бұрын
I found this video quite valuable, Fostering a culture of innovation within a business is essential for staying competitive and adapting to changing market dynamics. I think fostering a collaborative environment is another key, Encourage collaboration and cross-functional teamwork. Diverse perspectives and skill sets can lead to creative solutions. Create spaces or platforms for employees to share ideas and collaborate on projects. Fostering a culture of innovation is an ongoing effort that requires commitment and adaptability. It's not about pursuing innovation for its own sake but aligning it with your business's goals and vision for the future. By creating an environment where creativity and innovation are valued, entrepreneurs can position their businesses for long-term success and adaptability in a rapidly changing business landscape.
@markanthonymanayan2136
Жыл бұрын
This video on 'Business Killers' offers valuable insights into the challenges that can undermine even profitable businesses since this reminds us the importance of addressing these issues proactively. Thanks for sharing this informative content!
@sophiemoconnell
Жыл бұрын
LOVE this video! Some of what you mentioned is what Mattel are doing now with the 14 films in their pipeline. They have so many well known IPs under the Mattel umbrella that they're now specialising in selling those IPs. It's a smart move to go away from being a simple toy company as it's been a notortiously volatile kind of business, particularly over the last few years. As for Ferrari vs Lambourghini, there is one more thing that makes me think why Ferrari have the staying power. Ferrari is fiercely protective over their brand in a way Lambourghini isn’t. Ferrari is all about EXCLUSIVITY. Not only do you have to jump through a bunch of hoops and waiting lists to buy a new Ferrari. Oh, and if you’re even accepted, if you resell your Ferrari, mod it or do anything Ferrari deems as devaluing their brand, you're blacklisted forever.
@elslopez
Жыл бұрын
I like the energy you bring in these videos, I assume you are like in your businesses? The complete opposite of all those energy vampires out there!
@adancewithgod
5 ай бұрын
I totally agree with owning your own building. I've seen a recession and all that's left are the empty strip centers. Tons of mom-and-pop retailers come and go and the building and landlord are still there.
@georgepresley5120
Жыл бұрын
DSTV suffered the same fate just like blockbuster. They were all over Africa with no competitor and they got so comfortable and didn't innovate..then came KZitem, Netflix,showmax,etc. If it were not for supersport I don't think DSTV would be in existence..they exist with heavy losses though
@bert2thejack611
Жыл бұрын
James, with the Toys R Us example you missed the part where the investors brought the company with a leveraged buyout, and then saddled the company with the debt it used to buy the business. Leading to its downfall...
@JamesSinclairEntrepreneur
Жыл бұрын
I did mention it was laden with debt. I absolutely did.
@ranjithpowell6791
Жыл бұрын
I think his point is that ladening the Company with debt wasn’t the Management’s fault.
@bert2thejack611
Жыл бұрын
@@ranjithpowell6791 I think he means it doesn't play into the video's wider narrative. So it's conveniently left out for explanation's sake, it's not good a method of histography though...
@DJWESG1
Жыл бұрын
@ranjithpowell6791 I can't think of a few football clubs over the years that tried a similar approach..
@freedone.
Жыл бұрын
Love your vids and your energy! Disney is an example of a company that had a lot of success and now is struggling due to poor decisions, pushing a social agenda instead of entertaining and taking on too much debt.
@Anthonybrother
Жыл бұрын
Other rich pedos will give Disney money if Disney start to actually struggle
@tarmaralyndsey
Жыл бұрын
Brilliant quality content tonight! Thoroughly enjoyed and very informative.
@JamesSinclairEntrepreneur
Жыл бұрын
Very kind of you to say!
@the_failed_states
Жыл бұрын
I think an issue for Toys R Us was that they had no choice when it came to property, in that in Australia at least retail happens in malls and the rents in these are hugely expensive- but the bigger issue for Toys R Us was that kids were/have/are leaving physical toys for virtual toys - computer games. The only time we ever shopped in a Toys R Us was for a birthdays gift for a kid's friend, and we were hardly going to spend hundreds. They should have gone on line, or massively sold computer games. Also, excellent video as always.
@crocopie
Жыл бұрын
I believe there might be a comeback for physical toys. First, they can diversify their products for dogs, especially for intelligent breeds like corgis and dobermans. Secondly, parents are increasingly becoming concerned that digital exposure makes kids more "dumb". I have strolled a LEGO store and both boys and girls enjoy playing these blocks we all love.
@wild4fp
Жыл бұрын
They were always way expensive
@Anthonybrother
Жыл бұрын
Only thing i ever bought from Toys R us was Beyblade toys. Also, i now think that being into collectibles is a mental illness.
@mm3dgraphics
Жыл бұрын
Fantastic educational business videos. I really like this "short course" or "analysis" format too. I'm currently reading your book on customer acquisition - if it works I look forward to attending a seminar one day! Thanks.
@JamesSinclairEntrepreneur
Жыл бұрын
Great to hear!
@melike1984
Жыл бұрын
Just to let you know James that i really enjoy your channel having only just discovered it, great tips and advice thanks.
@JamesSinclairEntrepreneur
Жыл бұрын
Glad to hear it! Thanks for the comment.
@rachelibrahim6130
Жыл бұрын
I'm so glad I came across your profile. I am thinking about getting into a new business again after a couple of failures over the years and struggling with figuring out what to do. One thing I've learnt from you is to think carefully about what industry to get into to give you the best return on investment and to think bigger than just a having a small side hustle. While I ponder on that and take my time deciding what to do, I'm learning a lot from your videos and find the information you provide, inspirational, insightful and packed full of great advice, so thank you for all of this great wisdom and advice!
@Ruxxnation
Жыл бұрын
Speaking of friction, it would be great if you could include links in your video description to your best videos or videos to 'get to know you'. E.g. a video on where you started out. My partner and I really enjoy your videos - thanks for all your hard work putting them together.
@MoctezumaStudios
Жыл бұрын
When you first start off and you don't have loyal customers yet you need to know what demographics will buy your product and where the money is. As soon as you know where your money is you either settle your business in that area, if its too expensive then you have to focus your marketing to where you clients for your product are. Once you have enough cash flow to be sustainable you can then FOCUS on growing your client base to a larger audience and this also might happen while you focus on your demographic by word of mouth. If you have a good product customers will then follow you despite the distance. If anyone can relate.
@Markmywordschannel
Жыл бұрын
I don’t have a business but I love your videos and your passion
@stickyman7585
Жыл бұрын
I have found the advice here really useful for a non-profit community enterprise I am involved with. We are trying to create a 'product' in the form of disused railway viaduct transformed into a raised garden. He ideas and advice James gives can be applied as we need to sell the idea and keep 'customers' coming back for repeat visits. Thanks James I shall be watching more of these.
@johnedwards1229
Жыл бұрын
Content so good. I love it. Thank you!!
@rocastro37
Жыл бұрын
Your videos are gold James, but can ever brigth more if you team set a index in the description.
@JayTG123
Жыл бұрын
Very interesting to hear about toys r us. So much potential and you explained it very well. Hopefully it makes a come back.
@brunosmith6925
Жыл бұрын
ToysRus may come back - or at least try to... the challenge is that kids seldom play with toys - unless they are (usually expensive) gadgets that tie in with other technologies - like the kids' phones. Personally, I don't think there is a viable business model for something akin to ToysRus - certainly not in the traditional retail model.
@Church_Of_Kloppism
Жыл бұрын
@brunosmith6925 yeah exactly that toys r us has still been operating in India even when it closed down in the UK and USA
@wild4fp
Жыл бұрын
Toys r us was expensive. Hence the quietness in the store. There was probably Age UK charity store selling the same toy £25 toy for 50p
@EnhancedNightmare
Жыл бұрын
Blockbuster actually was on verge of entering streaming but got busted by debt of its owners. Such a backstabbing problem lol.
@nicke6394
Жыл бұрын
In property terms, sadly private equity will sell any freeholds and take the cash leaving a business highly geared. They’re never in it for the long term!
@arteidiomasmalintzi
Жыл бұрын
Really great videos with high value. Background informations and really good knowledges about different businesses and strategies to increase my own business. Great stuff! Keep going! Thanks and cheers from Mexico.
@Ragnar6000
Жыл бұрын
Been binge watching the channel great content...Keep up the great work, cheers from Aus : )
@JamesSinclairEntrepreneur
Жыл бұрын
Welcome aboard!
@CastlewoodStudios
Жыл бұрын
Speaking of businesses investing in their property, do you think that a CEO of a publicly traded company is motivated by different things than a privately owned company? It seems to me that the owner of a private company is more about building for the long term rather than focusing on the short term idea of increasing value for the stock holder.
@JamesSinclairEntrepreneur
Жыл бұрын
I think you can never be too broad in assessments. I will say this though….. Private companies usually have the captain steering for a lifetime; so will naturally think longer term.
@mirandawalsh1143
5 ай бұрын
Thank you for your great content, it is always educational and entertaining. I would add in some minor points about tracking your competition and the marketplace itself, looking to keep at the edge of digital marketing, and building in a culture of staff perks and rewards. I think you cover these points in other content. Thanks again.
@brentmitchell7115
Жыл бұрын
Great Stuff James! You are giving me a reason to come to London to listen to you in person. I especially like it when you share what hasn’t work along with what has. Very helpful.
@JamesSinclairEntrepreneur
Жыл бұрын
See you there!
@Oakdogg
Жыл бұрын
I recently discovered the channel and just find it really interesting.
@JamesSinclairEntrepreneur
Жыл бұрын
Very kind of you!
@TAS_CNX
Жыл бұрын
Fantastic content as always James! I really appreciate you putting out these videos which are so packed with value and presented in such a positive and passionate way.
@JamesSinclairEntrepreneur
Жыл бұрын
Thanks so much; glad you like them
@hakankaya
Жыл бұрын
Lots of gold nuggets in this video. Thanks James,
@timklein185
Жыл бұрын
I think that Sears took owning property too far. Huge stores that they couldn't support or unload. It will be interesting to see how it plays out in big cities as commercial space stays empty.
@peanutbutterisfu
6 ай бұрын
2:55 The Toys r Us that closed a couple years ago near me costs 45,000 bucks a month that’s rent with taxes when you rent commercial properties like that they are triple net leases which basically means you are financially responsible for everything on the property all repairs, maintenance, property taxes you basically have the responsibilities of owning but you don’t own it. Now I don’t live in some massive city just ur average city so the 45k per month will be much higher in areas but if you use that number for the average and back 6 years ago ish they had 739 store just in America and the amount per year spent on rent for all the American stores is 399 million yeah just one year and don’t forget they have the same financial responsibility as if they owned it because of the lease so it makes zero sense to rent that many stores. I worked for a chain of 30 auto repair shops it was owned by one man and he owned all 30 shops. One day he said screw it he closed the business down and has been renting all the shops for years now which many are leased by big chain stores like Monroe and ur talking 10,000 bucks a month in rent. The reason he did this is obvious ur talking hundreds of thousands in rent every month definitely more then he was making running the businesses.
@morgo5000
Жыл бұрын
Tons of gems in this
@dannyholder1359
Жыл бұрын
As always an interesting and informative video with very professional presentation. Thank you.
@JamesSinclairEntrepreneur
Жыл бұрын
Glad you enjoyed it!
@derekbarnes370
Жыл бұрын
You talk alot of sense young man
@JamesSinclairEntrepreneur
Жыл бұрын
Thanks!
@easy4x4
Жыл бұрын
Some great classic ideas. I'd change the title to Fail .... and also Succeed.
@wellardme
Жыл бұрын
Just come across you and subscribed with so much ferocity! Brilliant info from a top teacher. You explain everything perfectly!
@kknn523
Жыл бұрын
VW has superior engineering capability(best or tied for best economy car maker), strategic capability, and marketing capability, and other superior capabilities. Capability is probably 60% of business. 20% is strategy. 20% is implementation. If you fail in one of those(capability, strategy, implementation), then you would inevitably fail against above average competitors.
@OilBaron100
Жыл бұрын
Just found your channel recently James and I love your content. How did you start your first business? Have you done a video on that yet?
@JamesSinclairEntrepreneur
Жыл бұрын
Yes I have…. There’s lots on the channel.
@flavorsofparis753
Жыл бұрын
I didn't know what "naff" meant. I had to look it up.
@ReActiv8R
Жыл бұрын
Thanks James, good info!
@raphaelklijn6358
Жыл бұрын
These videos really sharpen my mind.
@helicoilpro3389
Жыл бұрын
Right at the end you built your funnel...nothing that pays like a subscription business
@stevewhite5395
Жыл бұрын
Great Video thanks James!
@SteveSpendsaPenny
Жыл бұрын
Just thinking, does Marsh Farm have some branded characters? Could you create some then you could create merchandise with their images on to sell. Soft toys, T-shirts, whatever else. Then they could be sold at your play centres as well. You’re a smarter business man that me I’m sure so it might something you’ve considered but just thought it was worth mentioning. I’m happy to take a cut of any sales if it works 😂
@LatinosOver40
Жыл бұрын
All good info James .... Gracias Amigo !!!
@moorabinda
Жыл бұрын
Actually Blockbuster was close to beating Netflix until Carl Icahn came along, had a dummy spit, put in the wrong manager who starved it of cash. Epic management fail nonetheless but not due to Netflix.
@Butlinsgvn6
Жыл бұрын
You’re a brilliant communicator. Thought about writing a book?
@james1b14
Жыл бұрын
Excellent…..that is all
@JamesSinclairEntrepreneur
Жыл бұрын
Thank you Sir!
@figurehousedesignagency631
Жыл бұрын
I have a feeling perhaps James Sinclair himself has bought back Toys R Us!....am I right? haha
@saginata
Жыл бұрын
A lot of businesses die because they are killed off by people who don't have the company's wellbeing in mind. Assets are sold off and debt is taken on to fund stock buybacks and dividends. Lots of people make tons of money, business dies, employees and credtors get the shaft.
@leemoffat159
Жыл бұрын
superb content 🔥
@JamesSinclairEntrepreneur
Жыл бұрын
Cheers!
@SM_TheTraveller
Жыл бұрын
Thanks for your energy
@redcherryit
Жыл бұрын
I can't believe Blockbuster refused to buy Netflix during the early 2000's and (more or less) laughed them out of the boardroom - what's that saying? He who laughs last laughs longest!
@Dr-Shlomo-Cohen
Жыл бұрын
What are your thoughts on becoming a local distributor for a manufacturer?
@danieltravor
Жыл бұрын
@JamesSinclair, am just here wondering why go to college when I have your KZitem channel? 🤔
@djtreyboogie1476
Жыл бұрын
Hello, James I was wondering what you think about Recording Studios as a profitable business. I like your videos very insightful keep up the good work!
@VincentRE79
Жыл бұрын
I have been involved in a music business, would be careful here as most musicians have very little money. They always go for the cheapest option.
@brunosmith6925
Жыл бұрын
The days of recorded artists making billions from record sales are over. Most (successful) music artists make their money from live gigs. Also... 99% of aspiring musicians have no money, and what little they do have they invest in recording apps that run on a PC. These apps can be quite good. Top-notch recording equipment is VERY expensive, and unless you have the good stuff, no professional musician will use you.
@VincentRE79
Жыл бұрын
@@brunosmith6925 Agree I still own a music business. I receive 20 plus page royalty statements that brings me in an income of £3.50 to share with the musicians.
@paulwilson7581
Жыл бұрын
Great info, and you’re very successful, you know your stuff…….thank you for sharing but, having met you, your ego gets the better of you.
@nextgenuser
Жыл бұрын
How about your take on evolving a business with the new generation trends
@sarahfranco6802
Жыл бұрын
3:00, 5:50, 7:10, 8:50, 11:15, 13:20, 16:00
@edwardndalo
Жыл бұрын
Well explained sir.
@FredSimpson
7 ай бұрын
the day care is not the same as fun parks so customers are by that very fact not the same as not all customers who go to a fun park would need to use a child care. yet most child care customers could we overlap in to the fun park.. there for the cash should go to ads for the fun park more than child care..
@rami270984
Жыл бұрын
Great content. Thanks
@_Half-A-Beas.T333
Жыл бұрын
Kudos for saying, "I do the dew". Demerits for saying, "lubricant for business"
@rabbishekelstein
Жыл бұрын
owning the property is the best part of business
@paulfri1569
Жыл бұрын
Ego by the boss should be number 1...
@clubtokyo_jeans
Жыл бұрын
Good job 👍 thank you
@Church_Of_Kloppism
Жыл бұрын
Blockbuster were offered the opportunity to buy "Love film" for less then a million lol
@robbie609
Жыл бұрын
asset management!
@michaelheyes1023
Жыл бұрын
worth doing seminars up north? selfish request as I hate driving 😂😂
@shobhitsadwal756
Жыл бұрын
Hi james, I am on a seed stage of my business and these videos are really helping me out. Just one thing, starting has been a little rough for me (running to cash problems) but my vision is too big. Do you recommend talking to investors at an early stage, if yes then what are the things to look out for ?
@Gixxk4
Жыл бұрын
James has just done a podcast with someone wanting an investor. Definitely recommend a listen
@VincentRE79
Жыл бұрын
Be careful about taking on a business partner unless you have to, it normally does not work out in the long term.
@shobhitsadwal756
Жыл бұрын
@@Gixxk4 i will look into that, thanks.
@shobhitsadwal756
Жыл бұрын
@@VincentRE79 thanks, I will keep that in check.
@VincentRE79
Жыл бұрын
@@shobhitsadwal756 Partners nearly always fall out, only take one if you really have to.
@mustafatvs
Жыл бұрын
Is business best way to become rich? Also can owning equity in businesses also make u wealthy?
@brunosmith6925
Жыл бұрын
Investing in the right companies can make one very wealthy - look at Warren Buffet, Ron Baron, and others like them. The key is knowing what is a good business and what isn't. Sometimes, this isn't obvious, and before investing do your own research - LOTS of it. Steer clear of "advisors". Also - NEVER ask an accountant for investment advice - or a bank... Accountants and banks are the least-reliable advisors, and are responsible for more business failures than successes. In 2019, I bought $14,000 worth of shares in Tesla (ticker TSLA). I have been following Tesla since 2008, which had their IPO in 2010. It took me 9 years of watching this company before I felt it was on a cusp of viability and profitability. My $14,000 investment is worth today (16 Aug 2023). $220,000. So in just 5 years, my stock in Tesla has grown 15 times my original investment. I am not offering financial advice... Tesla shares are on a downward trend right now... but in my case, I invested at a good point - and held on.
@Goldbaboon
Жыл бұрын
what are R & D?
@JamesSinclairEntrepreneur
Жыл бұрын
Research and development
@jsnmad
Жыл бұрын
Rolls Royce and Bentley also run losses like Lambo
@droidgracie4121
Жыл бұрын
Another important lesson from Disney: Don’t play politics and virtue signalling or you will lose at least half of your loyal customers.
@TwitterasX
3 ай бұрын
Genius
@flex1661
6 ай бұрын
What business would you invest today with a 100k budget?
@walkingmanvideo9455
Жыл бұрын
Lambo failed when they mass produced aventador and their cringy SUV. The SUV cheapened the brand.
@sophiemoconnell
Жыл бұрын
Great point. Ferrari are fiercely protective over their brand in a way Lambo isn't.
@walkingmanvideo9455
Жыл бұрын
@@sophiemoconnell People purchase iconic brands for exclusivity. When the average joe is buying an aventador, it becomes ............cheap and un-appealing.
@darrenstango9376
6 ай бұрын
im going to say when they become stagenent and dont move forward
@lewis72
Жыл бұрын
4:47 You bought Toys R Us ? 😀
@vlachyna
Жыл бұрын
Padáte stále hlouběji... To , že někomu obtěžujete život, tím nic neřídíte... Jenom padáte hlouběji :D A vykrmit chudáka Frantu vašema legendama je jenom další dílek si skládanky vašeho upadání do větší hloubky... Padáte stále hlouběji.... Stále hlouběji....
@jamessmith4455
Жыл бұрын
You made me want to buy toysrus and turn it all around.
@marcussmith3830
Жыл бұрын
❤
@EM3Finance
Жыл бұрын
The reason profitable businesses fail: they stop being profitable
@brunosmith6925
Жыл бұрын
So true... another faultless truth is that the prime cause of divorce is marriage.
@ivansmith4242
Жыл бұрын
Key take away: befriend a billionaire.
@davidwestwood351
Жыл бұрын
Are you buying Toys R Us? I can read between the lines.
@bomberbolton
Жыл бұрын
Say eco system one more god damn time
@healthguy79
Жыл бұрын
Go woke go broke
@brunosmith6925
Жыл бұрын
Agree totally...
@crocopie
Жыл бұрын
I wonder how Playboy and Penthouse would stay relevant in the age of Pornhub and Onlyfans? What I had in mind are auction houses. These brands go beyond pornography but also a particular lifestyle. Playboy has made mainstream writers and journalists famous. To compete against Sotheby's, why not auction vintage adult materials that go beyond magazines (a hard sell nowadays)?
@sirrodneyffing1
Жыл бұрын
Never mind all that "profit" 🥱 stuff James, when are you going to go for 'B Corp' Certification? so your business can really take off, instead of being the, so last week, no hoper profit centers they are? Never mind all that creating jobs n stuff, what are you doing to reduce carbon emissions in China? You need to get with it James!😉 (Great video again mate, thanks)
@fit6673
Жыл бұрын
Explain how his enterprises create carbon emissions in China please?
@sirrodneyffing1
Жыл бұрын
@@fit6673 It was a joke. Check out what 'B Corp' is.
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