Free YouTube Transcribe

Video transcript

How To Break Into An Industry FROM THE OUTSIDE (with former CEO) | Side Hustle Ideas Ep.53

The Companies Expert · 7,813 words · 36 min read

Want to search this transcript, jump the video from any line, or download it as TXT, SRT, or VTT?

Open in the transcript tool

Full transcript

0:14hello everybody hello and welcome to

0:16side hustle ideas I am Bill the

0:18company's expert and uh this is the

0:21channel where I show you how to find

0:24success in entrepreneurship and business

0:26ventures and that's what we're going to

0:27be talking about today so welcome to

0:30everybody who's here thank you to my

0:32channel members my patreons my super

0:34thanks donors and to my participants

0:37thank you for being

0:39here um like usual I had a bit of a a

0:43hectic flustered start here so hopefully

0:45uh you can hear me and see me okay um if

0:48you're watching this you should see a

0:50chat box somewhere in the vicinity get

0:51in the chat box and uh let me know what

0:54you're struggling with what questions

0:56you have and I will do my best to help

0:58you out um the title of this episode is

1:04how to break into an industry from the

1:07outside uh so we're going to be talking

1:10about that uh that's going to be the

1:11main topic of today but first we're

1:13going to cover a question that several

1:15people asked me since last week so I

1:17thought I would answer it here it's do

1:20employers like you having a side hustle

1:23okay that's something that several

1:25people were wondering so we're going to

1:26cover that um and if you like what I do

1:31and you are a regular viewer of me

1:32consider joining my channel uh and that

1:35way you can get more closer uh you can

1:38get closer to me yes that's that's let's

1:40leave it at that uh I pay attention to

1:43what my channel members say and the

1:45topics they want me to cover so uh so if

1:47you want to have some uh influence over

1:50that consider doing that okay um okay

1:54before we get started before we get

1:56started I just want to share something

1:57that's totally out there um I think

1:59think I have seen the absolute worst

2:03song ever performed ever on any medium

2:07and I was watching Revenge of the Nerds

2:10too uh yesterday I know uh and that

2:13actually wasn't a bad movie but they had

2:16a uh I want I don't know what you call

2:18it a musical number a video in it the

2:21worst thing I've ever seen and that's

2:22saying something I've seen a lot of crap

2:24in my time but uh but this was this was

2:26without parallel so if ever you've seen

2:29that movie or if you've seen it let me

2:31know if you agree just something totally

2:33random there uh okay um let's get on

2:37with it so let's talk about the question

2:39a couple people asked me do employers

2:41like you having a side hustle short

2:44answer no no they don't and uh let me

2:48break it down for you listen if you're

2:50the type of person who's doing a side

2:53hustle you've got something going on the

2:55side and it's profitable even if it

2:58isn't profitable or isn't profitable yet

3:01okay I want to tell you something you

3:04were awesome and you are expanding your

3:08potential and your your knowledge in

3:11ways that these these people can't even

3:14dream about okay so it's something

3:16incredibly valuable I applaud you for

3:18doing it it is a very useful skill and

3:21you should rightly feel very proud of

3:23yourself and the natural thing that goes

3:26with that is that you want to tell

3:28people about this thing that you're

3:29doing because you're proud of it and you

3:32believe it's you know a talking point

3:34which it is however

3:38okay coming from the other side of the

3:40table okay as a former employer I can

3:42give you the employer's perspective on

3:44this and uh they don't like hearing this

3:48for the following reason it's because

3:51you see they know that in a pinch your

3:55loyalties are divided if youve got a

3:58side hustle go on the side and you've

4:00got your day job okay the question is

4:04where do your loyalties lie if you have

4:06to choose between them and you have to

4:07choose between them all the time okay uh

4:10for

4:11example even even this even goes into

4:14like a theoretical sense that when you

4:16come home after work you should be

4:18resting and recuperating and recharging

4:21yourself for the next day at work okay

4:23in theory right I know that's a kind of

4:25dumb way to look at it but but in theory

4:27that's what should be going on from the

4:29employer perspect perspective and the

4:30problem is if that you're putting in

4:34more hours of work to something else

4:37that in theory can take you away from

4:40giving your all to your day job also the

4:44other assumption going here is that um

4:47if you had to choose between your day

4:49job and a side

4:50hustle ultimately in the end your

4:53preference is going to be for your side

4:55hustle because it's something that you

4:57created yourself it's en irely 100% your

5:02vision and you do it entirely on your

5:05own terms and um you're always going to

5:08choose that over working under somebody

5:11else's thumb okay even if your day job

5:14makes you a lot more money or something

5:16what you would like is you would like to

5:18make your money through your side hustle

5:20that's that's the assumption that all

5:22employers are going to make right and

5:24there's some truth in

5:26this so the problem is if um if you go

5:29to a job interview or something or or

5:31you talk to your boss one day and you

5:32mention oh yeah I've got this uh I got

5:35this thing going on the side at home you

5:37know that's really where my passion and

5:39my energy is going to um they're going

5:42to see that as a negative because it

5:44from their perspective it takes you away

5:45from your job okay so for that

5:49reason I would not volunteer to your

5:53employer that you are doing a side

5:55hustle or you are trying to do a side

5:57hustle because even even though it's

6:01something very very good and you deserve

6:03to be proud of and you naturally want to

6:05tell everybody uh they will not see it

6:08as a good thing okay U because it's not

6:10in their best interest it should be but

6:13it's not okay and I can tell you that

6:16from the perspective of an employer I

6:18think those skills are incredibly

6:19valuable I would rather hire people that

6:23alongside their technical skills they

6:25also have business skills and they

6:27understand business they understand

6:29what's important to business they

6:32understand the priorities and how

6:33everything fits together that's a

6:34tremendous advantage over employees that

6:36just don't have a clue about that stuff

6:39because they've never ever been in that

6:41world right the problem is is that it's

6:44the loyalties thing that sour it in the

6:48eyes of an employer they don't want to

6:51encourage you and groom you and support

6:53you and Build You Up only to have you

6:55leave and take all that expertise to

6:57your own side Hustle they want those

7:01expertise to stay working for them okay

7:04so that's what's going on there that's

7:06why even though you are tempted to talk

7:09about it and evangelize

7:11it uh in your place of employment your

7:15day job you shouldn't okay so so that's

7:18uh my take on that hopefully that makes

7:20sense um let's let's get to some

7:24questions very very quickly before I

7:25move on to our main topic which is uh

7:27breaking into an industry from the

7:29outside side uh Timothy Matthew is

7:32here um Timothy starting a

7:35job

7:37okay okay um Avid Runner is here good

7:42morning to Avid Runner and uh thus is

7:45here says hi Bill can you please tell us

7:47how to crack face-to-face interview for

7:49an assistant electrical manager for

7:51manufacturing industry well that's not

7:53really what we're talking about today

7:55this is about side hustles and

7:56entrepreneur entrepreneurship I do a

7:58live stream later today where we talk

7:59about uh how to get a job and stuff like

8:02that so uh so so check that

8:06out okay so how to break into an

8:09industry from the outside now what do I

8:12mean by the outside this is something

8:13that a lot of a situation that a lot of

8:15people are

8:16in and I have had some firsthand

8:19experience with

8:20this as well as advising people and

8:24companies on on doing this um it is

8:28incredibly hard to break into an

8:30industry from an outs from the outside

8:32the way to do it is to get onto the

8:34inside and then break in now uh let me

8:36give you an example

8:38okay let's pretend let's pretend that

8:42you have an ambition you have you have a

8:44hobby okay or a passion and let's say

8:47it's something like I don't know the

8:49fashion industry like you know a lot of

8:53guys do uh fashionist Tre maybe making

8:56clothes making apparel okay you want to

8:58get into f fashion you want to get into

9:00making your own clothes selling them not

9:03just uh as a utilitarian thing but as

9:05like a fashion thing okay which would

9:07allow you to make a lot more money and

9:09it's very lucrative if you can pull it

9:10off the problem is is that maybe you're

9:14stuck in a a location in the world where

9:17there's not a very big fashion

9:20industry right and the problem is is

9:24you're wanting to break into that

9:27industry but you're you you never worked

9:30in the fashion industry you don't have

9:33family members that are in the fashion

9:36industry um you're not a part of the

9:39fashion industry really there isn't a

9:41big presence where you are so that's

9:43what I mean when I say you want to break

9:45in into an industry from the outside

9:47you're on the outside okay you're not in

9:49the bright Center of that industry and

9:52you're right inside it

9:55okay so everything that you do is based

9:58on assumptions and guess work okay you

10:02assume that it works a certain way and

10:06you're guessing that if you do a certain

10:09thing that will lead to some positive

10:11results right but you don't know any of

10:14this from personal experience you

10:16haven't seen it you haven't had proof

10:19that these things are in fact true okay

10:23and that's the challenge you're up

10:25against okay that's what I mean by

10:28breaking into into an industry from the

10:31outside okay now doesn't mean it can't

10:33be done it can be done but you've got to

10:35do an extra step which is to get on the

10:38inside first because breaking in from

10:41the outside is incredibly difficult if

10:43you just sort of launch your uh clothes

10:46you say say you've created a line of

10:49clothing okay you've designed the

10:51clothes you can manufacture them

10:54yourself or at least the equivalent of a

10:56prototype or proof of concept you you

10:58can start manufacturing them

11:01yourself in theory you could ramp that

11:03up if it if there was demand for it and

11:06you can make money at it um but the

11:09question is how to get your presence out

11:12there how to be taken seriously how to

11:14create connections um and so on how how

11:17to reach your

11:19market and so everything you're doing to

11:21further that is guesswork because you

11:23don't know how to reach a market how do

11:24you reach a market let's say you're

11:26stuck in what's what's the most remote

11:28place you could imagine Billings Montana

11:32Boise Idaho I don't know um those are

11:35both in the US there's places outside

11:37the US you could go to bootstrap

11:39Saskatchewan I don't know but uh you

11:42know H how would you how would you do

11:43this like you don't know the fashionist

11:45you've never been in the fashion hisry

11:47let's talk about that okay so here's my

11:51what I would advise if you came to me

11:54saying okay I need to do this how do I

11:56do it my first advice would be you have

11:58to get into that business you have to

12:01get on the

12:03inside okay that's the first thing trust

12:06me if you don't it will be very tough

12:11goinging um because everything you're

12:13doing is based on guesswork you need to

12:15get clarity you need to get information

12:17about how things actually work and then

12:19once you know how things work you need

12:20to be able to have the means to make

12:23them happen right and in order to do

12:25that you need

12:28help okay okay you need to be endorsed

12:30by people you need to be included by

12:32people you need to be known by people

12:34etc etc so how do you break into that

12:37industry well for a start let's talk

12:40about the Geography okay geographic

12:42regions

12:43here where is the fashion industry

12:46located I know nothing about the fashion

12:48industry as you can tell from what you

12:50see you know nothing more stylish than

12:54than this

12:56um where is it located I think it's

12:59located in Paris right possibly

13:03Milan and I imagine in the United States

13:06New York right that that's kind of the

13:09impression I

13:10get so if you're not in any of those

13:13places and you're not even close to them

13:17I would highly recommend that you

13:18develop a presence in those places

13:21usually that's going to take the form of

13:23you moving there if this if you're

13:24serious about doing this you would want

13:26to move there youd want to be in the

13:28center of where these industries are

13:30because that's where things happen I

13:32know it's kind of cliched and people

13:34hate hearing this but it's absolutely

13:36true you can slog it out for 10 years

13:40you know in some remote location where

13:43everything is stacked against you or you

13:46can go to where it's happening where the

13:47people are that can help you where the

13:49resources are where the people with

13:51knowledge and connections are you can go

13:54there and that's what I'd recommend I

13:56would take the plunge however ever hard

13:59it may be and go to the center of that

14:03industry now that's if we're talking

14:04about fashion if you're talking about a

14:06lot of other Industries they're not

14:08quite that concentrated so if you're

14:10wanting to break into the tech industry

14:12you know you may not have to move to

14:15Silicon Valley for example depending on

14:16what you're trying to do but you need to

14:19you need to be aware that if you're far

14:21removed from the center of these

14:23industries and these industries depend a

14:25lot on Buzz and they're very centralized

14:30you have to you you really need to

14:32develop a presence at the

14:34center okay so that's the first thing I

14:36would say now in the beginning it may be

14:38possible to do this remotely to contact

14:41the people to go there and meet people

14:43and things like this without actually

14:45living there it may be possible okay um

14:48and it's certainly in possible in other

14:49Industries other than fashion I'm taking

14:51an extreme

14:53example okay uh so that's the first

14:56thing then you need to network with the

15:00players in that business okay now for

15:02all you introverts out there you're

15:04going to hate hearing this and I'm an

15:06introvert I'm a technically minded

15:08introvert I have a degree in engineering

15:09so I know I know how this sounds this

15:13sounds like a complete turn off it

15:16sounds impossible it sounds like you're

15:19going to hate every moment of it uh and

15:21it can't be done but it can you'd be

15:25surprised if you're an introvert and you

15:27see all those extroverts out there

15:29that are too busy flapping their gums

15:32and being Social

15:34Butterflies and all the undesirable

15:37traits of extroverts or extreme

15:39extroverts where they can't focus on

15:41anything and they can't actually get

15:43down to work you know things like this

15:46where it where it looks like it's all

15:48about appearances and no

15:51substance do you really think that those

15:53people are smarter than you and more

15:55capable than you no they're not what

15:58they do the whole networking thing

16:00really isn't rocket science okay it's

16:03not like this is beyond

16:05you so that's the first thing you've got

16:08to understand secondly with a little bit

16:10of basic social skills and technique

16:14it's amazing what you can achieve as an

16:16introvert okay um the problem is if

16:20you're doing business business relies by

16:23its very nature on connections with

16:25other people at the very least you need

16:27connections with customers

16:29because you want to get them to buy your

16:31thing okay so you can't live in a

16:34complete bubble uh you have to connect

16:36with people in some way shape or

16:39form and uh one of the things that you

16:43find is that you don't have to learn how

16:47to do everything yourself you can

16:49connect with other people that have the

16:52missing knowledge and you can rely on

16:55them to do that piece for you okay so if

16:59people have different resources they're

17:03they're sort of The Gatekeepers of

17:04different resources that you would want

17:06to

17:06have instead of you trying to recreate

17:09those resources yourself from scratch

17:12you can access them by just having a

17:15conversation with somebody you know

17:17things like this so uh it's incredibly

17:21useful so I I'm I'm trying to encourage

17:24uh introverts to sort of just try and

17:26step out of yourself a little bit learn

17:29how to interact learn how to have a

17:30conversation learn some personal

17:32Charisma and then go to where all the

17:35people can help you are okay if they're

17:39all controlling that industry they are

17:40all the players in the game go to where

17:43they are and connect with them go to

17:46events go do informational interviews uh

17:50you know and things like this

17:52and I mean I know it's a total cliche

17:56but it is true you know if you go when

17:59you sort of offer to help

18:01someone if you know how to present

18:03yourself in the right

18:04way you know that generally goes down

18:07well you know and and things happen the

18:10other thing you got to realize is that

18:12it's like sales it's a numbers game you

18:14know you might talk to say 100 people

18:17over the course of several weeks and of

18:20those 100 people let's say your success

18:22rate is 5% okay that that's far below

18:26typical but let's say it's 5% that means

18:29that you've got five people now in your

18:31camp that are going to open doors for

18:32you and going to help you and can help

18:35get things done for you okay um you know

18:40either they assist you or they partner

18:42you with you or they recommend you or

18:44they involve you in

18:46something uh or they give you permission

18:48to do something with them you know to

18:50include you in their thing

18:53somehow right that's five people that

18:55can open doors for you so

18:58if it took you say let's say 3 months to

19:02talk to 100 people uh oneon-one

19:05you know and at the end of it at the end

19:07of three months you come away with five

19:10allies that are you know the heads of

19:12companies and things like this that will

19:13help

19:14you that's tremendously valuable so

19:18never underestimate this my second

19:20recommendation would be to network with

19:22the players learn how to do

19:23informational interviews um go to trade

19:26shows go to events you know present

19:29learn to present yourself

19:31well make a good impression things like

19:33this okay and that can uh that can

19:36really

19:37help and finally um I guess a third

19:41recommendation I would have um is that

19:44you need to see the business from the

19:46inside you need to see how it's

19:48done it's also a cliche that uh you know

19:51the best way to get into a business from

19:53the inside is to get a job in it that's

19:56true if it took 6 months of your life to

19:58work as an employee in say a big fashion

20:01company if that's your ambition right

20:04you're inside of it you see how things

20:06are done you also if you open your eyes

20:09you can learn why they're done that way

20:12you also have incredible access to the

20:16people when you're on the inside you

20:18have a totally legitimate reason to ask

20:20them questions to connect with

20:22them um de develop relationships with

20:25them see if they'll open doors for you

20:27etc etc right and uh it makes networking

20:32incredibly easy when you're on the

20:33inside of a business okay you work in a

20:37company even if you're low down right

20:40you go and talk to people in your own

20:42company or in other companies and uh

20:45you're Bonafide basically you're you're

20:47established there's a reason to talk to

20:49you so uh you need to see the business

20:53from the inside one way is getting a job

20:55another way is getting uh introduced to

20:56people that can give you a tour okay and

20:59that can show you the ropes um there

21:01might be I don't know there might be

21:02internship programs there might be more

21:05formal things like that but that's where

21:08on an informal side which is what I

21:10prefer informational interviews and

21:12things can directly lead to that kind of

21:14thing okay uh and that shaves years off

21:18your

21:19journey if you were just on the outside

21:22having to guess and learn things the

21:24hard

21:25way okay so why do we why do I make

21:29these recommendations um go to the

21:31center of the industry network with the

21:33players and see the business from the

21:35inside why do I recommend these because

21:38it'll give you three things it'll give

21:39you knowledge it'll give you connections

21:41and it will give you essentially

21:44experience at how things

21:46work okay and if uh you you'll develop

21:50connections and relationships with

21:51people you can pick up the phone and

21:53make things happen right for

21:57you um somebody asked me I wrote this

21:59down here somebody asked me uh a

22:01question about volunteering can I

22:04volunteer uh for different things

22:08sometimes you can it depends what we're

22:09talking about um the way the way the

22:13labor laws work in many countries is

22:15that you see it's illegal to employ

22:20someone and not pay them right when you

22:22think about it that's what volunteering

22:24is right uh you employ someone they work

22:26for you but then you don't pay them they

22:28do it for free or for fun or whatever

22:30okay

22:31now imagine if any company every company

22:35could could have a volunteer program for

22:37any job well then that would be a total

22:40loophole to the labor laws they would

22:43just make every job a volunteer job and

22:46say well if you want to open doors and

22:48get a money paying job in the future

22:51this is a great way in so a lot of

22:53people would work for free at least for

22:56temporarily uh and and and it would be

22:58totally abused it would abuse the whole

23:00like minimum wage thing and you know

23:02Fair pay thing so you can't just you

23:06know take in volunteers for anything

23:09right usually it's limited to Charities

23:12or educational institutions I think

23:14those are the two things that generally

23:16in different countries they allow

23:19companies to to create volunteer

23:21positions and legally put up a job

23:24posting that's essentially asking for

23:26volunteers okay um you can't volunteer

23:30for a construction site you know what

23:32I'm saying like that that violates labor

23:33laws but for certain things you can

23:36volunteer and um certainly like for

23:39Charities it's a no-brainer yes you can

23:41volunteer you can see the inside of

23:43things

23:44maybe somebody in the industry that you

23:47want to get close to because they're

23:49they've got a lot of connections and

23:50they're they've got a lot of influence

23:52maybe they're the head of a company

23:53maybe I don't know they have a joint

23:56stake in a or or they do a CH it or

23:58their their spouse does a charity or

24:01something you know you can volunteer for

24:03the charity it might get you access to

24:05the person running it and then you could

24:07maybe pick their brain about their

24:09business or something but you know but

24:11that's the limitations of volunteering

24:13okay so just so you're

24:16aware

24:17um another way we're talking about how

24:20to do this stuff that was the question

24:22about volunteering uh you can get a job

24:25literally get a job in that industry

24:28with

24:29ambition of going out on your own after

24:32a short amount of

24:34time

24:36um and like I've said repeatedly if you

24:39don't know how to do networking on

24:40demand if you don't know how to discover

24:42who the people are and connect with them

24:45apart from going to Industry events you

24:49know I teach you how to do that in this

24:51course by the way if you're if you're

24:52like just wanting to learn that stuff uh

24:55get that course and I and that will show

24:57you how to do this stuff

24:59um but that's what I would advise people

25:03if you're trying to break into an

25:04industry from the

25:05outside so hopefully that makes sense we

25:08could go deeper into any part of that if

25:10people want to but that's the basic idea

25:13uh let's go over to you guys uh for

25:14questions get in the chat let me know if

25:16you got questions about anything to do

25:18with side

25:19hustles um Milan says how would you

25:23approach breaking into a new supplier

25:25chain let's say that your company needs

25:27to find a cheap but reliable supplier do

25:30you have some good advice in this area

25:33okay well that depends highly on where

25:35you're coming

25:37from the obvious thing to do would be if

25:40you're on the inside of that

25:42business okay and you work in the supply

25:47chain so you work in procurement or

25:49warehousing or something like that okay

25:52and obviously you're not telling me what

25:54industry you're in so I mean this also

25:56varies by industry so I can't go into

25:58specifics until I would know more of the

26:00industry but if you're lower down in a

26:03large

26:05organization uh they would have an

26:07internal um system that manages approved

26:12suppliers and how in in certain

26:15industries you have to be pre-qualified

26:18to work with those suppliers see they

26:20won't work with just anyone right for

26:23example let's say you you're in

26:24manufacturing and you know you build a

26:27product well order to build a product

26:29you have to get your parts from

26:30somewhere your your raw materials um now

26:35a lot of the time if you're in an

26:38established legitimate larger

26:41organization they're not just going to

26:42allow you as the procurement person to

26:45buy supplies or parts from any perhaps

26:49Shady person that you've never heard of

26:52that says you know hey I got you know I

26:54got I sell that for cheap you know you

26:56want some uh they would have to approve

26:59that supplier vet them uh make them

27:03demonstrate that they have certain

27:05things in place right like for example

27:08what you're selling

27:11has at the heart of it first of all has

27:13to be legal to sell that in in your

27:16country okay and then on top of that

27:19you'd want certain other insurances like

27:20it's got it's past quality control the

27:24company has been um qualified and and

27:27has a c a achieved certification and

27:29different quality standards or you know

27:31if you're in the food industry you can't

27:32just buy raw materials or ingredients

27:35from like any Shady place it has to show

27:39that they have a lot of uh approvals and

27:42things like this so so internally the

27:45company would have those things if

27:47you're at a higher level in the

27:49organization you're at an executive

27:50level okay um that's where you'd be

27:54going out to meet with potential new

27:58suppliers and things like this you would

28:00set up a meeting you'd go to their site

28:02they'd give you a tour their facility

28:04you'd have conversations with people

28:06running that company and you know what

28:08their goals are and what their other

28:10customers are and and you know all this

28:12kind of stuff and go through that whole

28:14thing um so it depends what level you're

28:17at how big you are what industry you're

28:19in uh and so

28:22on now in terms of how to discover them

28:25once again that highly varies by

28:27industry but just standard things is

28:29obviously you'd get on the internet you

28:31know yes Google yes

28:34LinkedIn especially Google Maps that

28:36really helps if you're talking about

28:37physical

28:39Goods um but a lot of that is going to

28:41be networking you know you depending on

28:44what you're trying to

28:45do you don't just do this as a faceless

28:48transaction on the internet you have to

28:51meet the

28:52people understand their

28:54operation because your operation is now

28:58built on theirs in a way if you're

29:01manufacturing a product based on their

29:06materials you know you are tied to them

29:09let's say it turns out that their

29:11materials were found to be radioactive

29:13you know that obviously affects you you

29:16can now get sued you can now be shut

29:19down by the government for violating all

29:21kinds of safety and health protocols you

29:23know what I'm saying like you are tied

29:24to them

29:26so you need to go through proper

29:29channels to do that or you run

29:31incredible risk

29:34right um so I mean it goes out from

29:37there that you get into more specifics

29:38from there but that's the those are the

29:39general

29:41principles uh BB says hi what about

29:45industries that base on Talent let's say

29:48not necessarily business connections

29:49like art computer Graphics creating

29:51building of sorts creative building of

29:54sorts anything else except

29:57for what do you mean by building

29:59portfolio and getting into communities

30:00where you can share your work and get

30:03feedback well well what are you trying

30:06to do are you trying to develop

30:07something is that why you want feedback

30:09why would you want feedback if you're

30:12trying to sell something presumably you

30:14wouldn't want feedback you'd want sales

30:15right and the more like the sales are

30:18your feedback if a lot of people buy it

30:21and don't return it and don't complain

30:24that's all the feedback you need um you

30:27know you know what I mean like if you're

30:29actively looking for feedback that's

30:30something a little bit different

30:33um now when you say Talent okay and then

30:36you say things like art or computer

30:39Graphics

30:42well I'm not sure precisely how you mean

30:44that but I got news for you those

30:47require connections right okay let's say

30:50You've Got Talent okay you're an

30:52incredible artist you can create art in

30:54your house or in your home

30:58awesome you don't need anyone to produce

30:59it right but when it comes to selling it

31:02it's a whole different thing the obvious

31:05thing would be to have your art

31:06displayed in the local Art Gallery it

31:10would be um displayed at art shows and

31:14other events people in the industry art

31:17critics would be talking about it and

31:20they would be talking about it because

31:21they were made aware of

31:23it and they would be made aware of it

31:27because

31:29either you or someone recommending you

31:32brought it to their attention and of the

31:3510,000 people that have sent in their

31:38homemade

31:39art they choose to review yours and give

31:43it a good review because they've heard

31:45good things because they've heard that

31:47you're you're hot right now you're

31:49you're you're

31:51trending how do you think that happens

31:53that happens with connections that

31:55happens with lots of people talking

31:58about you promoting you it it comes with

32:01activity happening right so even if

32:05you're talking about Talent right which

32:10in a business context means the ability

32:12to create value you still need to get it

32:15out it's not enough just to create

32:16something of value what's the what's the

32:19the advantage of creating something of

32:20value if no one knows about it and you

32:23can't get the word out in sufficient

32:27quality and Quant for it to generate

32:30Demand right there are people out there

32:33in the art world that can help you all

32:34kinds of critics all kinds of people

32:37that own uh venues like art galleries

32:41art shows

32:44conventions you know various different

32:46events they can tie your art into other

32:51types of events like you know I don't

32:52know maybe the symphon is performing and

32:55at the event they they also showcase a

32:57lot of your art to help brand them you

33:00get all that with connections right

33:03people need to be aware of you they need

33:04to trust you they need to believe in you

33:08Etc so there's no getting away from the

33:10whole connections thing you have to have

33:12that in some way shape perform if you

33:15want something to happen because

33:17business after all is getting other

33:19people to buy into the thing that you're

33:23trying

33:24to trying to put out there right it

33:27involves those other people so people

33:31that can help

33:32you get the attention of other people

33:34and get credibility with other people uh

33:36will really help

33:38right does that make

33:42sense you know I mean that that's how I

33:44take it like like if I'm interpreting

33:46your question correctly same with

33:48computer Graphics like if you're an

33:49amazing developer and you've written

33:51some amazing code like you've made um I

33:55don't know uh you know like like what do

33:59you what do you do with computer

33:59Graphics do you make a game I guess or

34:02can can you make a game like on your own

34:03these days I'm not sure um you still

34:07need people out there that can help

34:09publicize it promote it because listen

34:12in a perfect world what would happen is

34:13that you would make something so amazing

34:16that all you have to do is put it up on

34:19like the some kind of Internet platform

34:22where people can download apps and try

34:25things and in a perfect world they would

34:27try your thing they'd find it so amazing

34:31that they would tell everyone they know

34:32it would spread through Word of Mouth it

34:34would go

34:36viral and you know you would have the

34:39problem of you have too much money

34:42rolling in and you have to now spend it

34:44to develop a team to help you handle it

34:48all right that would be that would be in

34:49a perfect world um now that does happen

34:53but it's extremely rare okay

34:58like if that's the situation you're in

35:00you don't need help you're you're on

35:02your way okay but what

35:0599.9% of people experien is that that

35:07doesn't happen on its

35:08own you can have success definitely but

35:12it's going to take a little bit of

35:13effort to to make the world aware of it

35:16or make the right people aware of it so

35:18that then they can make the world aware

35:19of it right that's how these things go

35:23and

35:25um you know so so that that's what I

35:28have to say to that uh BB says yes so

35:31the answer is connections after all

35:32thanks yeah listen I I'm well aware that

35:35if one is an introvert and you hear what

35:39I've just been saying it might be a bit

35:40of a turnoff because you're thinking oh

35:43I can never do that I hate doing that

35:45I'm no good at it and I don't know how

35:47to do

35:49it but the reality is that the you know

35:52first of all you're you're better than

35:54you think at it if you know the right

35:56technique and chances are if you're a

36:00technical introvert you've learned some

36:02technical stuff in your life you already

36:03know some technical stuff that's far

36:06more complicated and challenging to

36:10learn than this stuff this stuff is

36:13really not that hard so it's just a

36:16matter of wanting to learn it the the

36:18biggest problem I found with a lot of

36:20introverts is they don't even place

36:22value on it so it's not that they don't

36:24try to learn it and they can't learn it

36:27it's that they they they don't even

36:28think it's worth knowing they they're

36:30hostile to the entire idea they dismiss

36:32it out of hand and that's very

36:34unfortunate because that's the key to

36:36what's going to open a lot of doors for

36:39them you know so um I'd like to do a

36:42live stream on that soon just talk about

36:44introverts and the condition of being an

36:46introvert and how it's a disadvantage

36:49but how it's also an advantage and how

36:50you can make it work for

36:53you um yeah but that but that was an

36:56intelligent question

36:58BB and there you

37:01go now if there's any questions get in

37:04the chat uh if I don't get any questions

37:06in the next uh minute or so I'll I'll

37:08wind this down but

37:10[Music]

37:11um but yeah that's the reality of

37:16it and check out Revenge of the Nerds

37:20too as I said surprisingly good movie I

37:23was not expecting to be good but it was

37:26good with the exception of that that

37:29absolutely

37:30cringing cringe inducing musical number

37:34they did in the middle it's like the

37:37worst aspects of like different multiple

37:40different types of music all rolled into

37:42one with some terrible acting

37:45and oh my

37:48God I don't think I'm going to be the

37:50same again ever after having seen

37:53that anyway that's just me

38:01I like 80s movies I uh try and watch as

38:05many as I can when I get a chance to

38:06watch a movie I don't go for modern

38:08movies I go for stuff in the 80s and uh

38:11so it's been a bit of an adventure

38:13trying to find all these movies that

38:14I've heard of I heard of years ago but I

38:17never actually saw so I'm in the process

38:20of like watching all of those one at a

38:22time you know over the last couple of

38:23years and

38:26uh and it's interesting there's some

38:28real gems in

38:31there Justin is asking about um why

38:35should we hire you so um okay so no

38:39other questions for start side hustles

38:41and

38:42Entrepreneurship okay well thank you to

38:44everybody who's been who's joined me

38:46today um you guys are awesome I'll be

38:48back next week with another edition of

38:50side hustle ideas we're going to be

38:51talking more about entrepreneurship and

38:53how to start your own business or side

38:56hustle because ENT entrepreneurship is

38:58really the key to success for a lot of

39:01people either you do it and you work for

39:05yourself or you do it and you learn some

39:09incredible skills that you can take and

39:12use it to find success in your

39:14conventional

39:16career um thank you to Kevin thank you

39:19to Justin Justin uh I do a live stream

39:23uh every week that actually will be back

39:25on the air in like an hour uh talking

39:28about how to get a job so that's where I

39:29talk about that

39:30stuff anyway you guys are awesome check

39:33out some of my courses if you're

39:35interested if you're wanting to learn

39:36business and shave years off your

39:39journey to being able to be successful

39:43in business uh check out the $100 MBA

39:46course okay it is a complete MBA program

39:51you learn everything that you learn in a

39:53regular MBA that you would take from a

39:55university the catch is that essentially

39:58you're reading the textbooks yourself

40:01the same textbooks that you get in

40:04places like Harvard Business School that

40:06they use in their MBA programs it's just

40:09that you're reading it at home at your

40:11own pace there's no tests there's no

40:14evaluations uh you can go as deep or as

40:17shallow as you want into each of the

40:19topics that you learn in business and uh

40:22make it work for you and it's like 1% or

40:26whatever it is of one or 2% of the total

40:28cost of a brick and mortar MBA so that

40:31that's a viable solution to uh for some

40:34people and I guide you through it okay

40:36so you read the books but I guide you

40:38through the books I have several videos

40:40um a couple for like each of the books

40:42and uh I mean I've read all these books

40:45myself and I guide you through it what

40:48how you could apply some of the stuff

40:50and what's more important what's less

40:51important things like this so if that's

40:53what you're into that's what you're

40:54looking

40:55for if you want to be in

40:58business learn business one way or

41:00another learn business either go to

41:02school and get a a full-blown accredited

41:05degree or do the equivalent you know uh

41:10quicker and easier at home at your own

41:12pace um if you're wanting to learn the

41:14networking thing if if you know how to

41:16get informational interviews with people

41:18how to connect with people how to

41:20discover who is around you that might be

41:21able to help you okay check out this

41:25course here because a big big chunk of

41:27that course is explaining some of the

41:29networking principles they're in this

41:31course they're mainly being used to to

41:34apply to the problem of how to get a job

41:37okay discovering hidden job

41:39opportunities things like this but

41:41they're exactly the same principles you

41:42would use if you're starting a business

41:45and you're wanting to make connections

41:46in that industry uh wanting to connect

41:49with the CEOs of a lot of companies and

41:51things that can help you that that you

41:52could partner with um that can open

41:55doors for you things like this but you

41:56don't know know how to do that maybe you

41:58are afraid of doing

42:00it but you want to step out of that

42:03shell you want to expand yourself a

42:04little bit and realize your potential

42:07how easy this stuff actually is to do if

42:09you understand the protocol and how

42:11everything is set up and how you

42:13approach companies and individuals and

42:16do it

42:17properly if that's what you're looking

42:19for uh check out that

42:21course and probably the least that

42:24applies here to side hustles but um it

42:27ties in with both those courses is the

42:29how to uh write like a professional

42:31course which is not a basic writing

42:32course it's more advanced it's more

42:34about what to

42:36say um so when you connect with people

42:40you know you give the impression of they

42:42want to talk to you and they like you

42:45okay and you know how to handle

42:47different types of situations and that

42:49kind of thing so if that's what's

42:50interesting to you um check out that

42:53course the right like a professional

42:54course uh there's links to all of these

42:57on the screen uh in the description box

42:59of this

43:00video and uh I highly recommend it it's

43:04basically a lot of information that's

43:06too involved for me to really summarize

43:09in in a video or even in a live stream

43:12and I lay it down principle by principle

43:14so if you're interested in that I

43:15created those a lot of people have taken

43:17them it solved a lot of problems for a

43:19lot of people so that's

43:22great um Nana says one more

43:25question okay

43:28uh hopefully there'll be a part two for

43:30that uh BB says I think you are right

43:32about us dismissing value of certain

43:33things that seem natural to others thank

43:35you for your Insight it was fun yeah one

43:37of the biggest things I learned in my

43:39life because I'm an introvert like I

43:40keep saying um I just dismissed all that

43:44out of hand is to me in my 20s certainly

43:47it was all crap it was all a bunch of

43:50ingratiating

43:51nonsense um what you learn later on is

43:55that it's actually extremely it's

43:57actually extremely valuable it's

43:58extremely valuable if you want a

44:00conventional career if you want to get

44:02promoted and all that uh to be able to

44:06you know Forge some great relationships

44:08with people even if you don't super

44:11agree with them on

44:14everything you know it's also a real

44:17talent to be able to connect in a

44:20positive way to people that you don't

44:23see eye to eye on on everything for

44:25example if you're an in an

44:27introvert you know how to connect and

44:29have a great relationship with an

44:31extrovert like for a start right if you

44:33work in engineering how to create how to

44:36create a great relationship with someone

44:38who works in accounting like how to

44:40actually have a civil conversation where

44:41you both enjoy it that's an incredible

44:44skill that's useful for the world of

44:48Entrepreneurship it's also useful for

44:50the world of conventional careers you

44:53know if you want to climb the ladder you

44:55need to be able to get along with people

44:57people that are not exactly like you you

45:00know what I mean um so what I used to do

45:03in my 20s and what I know a lot of other

45:05people do is they just dismiss that

45:08whole thing as like that's wasted

45:11effort it's off-putting to me I don't

45:15want to do it so I dismiss it I don't

45:17place any value on it what they don't

45:19realize is that it is hurting them so

45:23much

45:24because you know they're not they're not

45:27connecting with people

45:29and opportunities are being given to

45:31other people instead of them because

45:33they

45:34actively refuse

45:36to engage in that stuff they don't value

45:39it they don't work on themselves and

45:41they don't get good at it you don't have

45:43to leave yourself to like be some kind

45:46of social butterfly that's not what I'm

45:47saying but you do have to tack on those

45:50skills tactical skills and brains with

45:53some social skills are unbeatable so so

45:57uh that's why I would encourage everyone

45:59to uh especially introverts to just open

46:01your mind a little open your eyes look

46:04at the world see how things

46:06work why are those people getting all

46:09those advantages and not

46:10you you know this is something that that

46:13is valuable uh and you should uh pursue

46:17it anyway thank you for joining me today

46:20you guys are awesome I'll see you in a

46:21week and uh best of luck I wish you all

46:24the best in your endeavors take care for

More from The Companies Expert

Recently added transcripts

Browse the whole transcript library

This transcript was generated from the captions YouTube publishes for this video. Get the transcript of any YouTube video atfreeyoutubetranscribe.com, free, unlimited, no sign-up.