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We got to do business like the Chinese do.

@therlbreadmgmt

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Why it worked

The video uses a relatable story of a significant financial loss due to a simple mistake, making the lesson about business failure and adaptation highly engaging and memorable for viewers interested in entrepreneurship.

Summary

Master P shares a business lesson about a $100,000 shoe investment that failed due to incorrect sizing. He explains that he had to give away the shoes as promotional material because they were two sizes too small, highlighting the unpredictable nature of entrepreneurship and the inevitability of failure.

Structure

1Investing $100K in shoes with a 50% upfront payment.
2Realizing the shoes were the wrong size and unsellable.
3Turning the unsellable shoes into promotional material.
4Learning from the business failure and the importance of growth.
5Acknowledging that failure is a part of entrepreneurship.

On-screen text

What Master P Learned From His $100K Business Failure ✍️ 💰

Transcript

We got to do business like the Chinese do. Hey, let's spend 50% upfront. So this was $100K of shoes. Right. Put $50K up front. You don't even see what you get when it come. So the difference was.. I couldn't even sell these shoes. Because they was two sizes different. So sometimes you make investments.. But then I had to grow so. If this was.. A 10. It'll be like a.. Size 12. Okay. And I don't get my money back.. So sometimes you lose. I wanna talk about failing at the same time. So I spent $100K on this. Didn't get it. So I had to make it as.. Give it out to the hood. Because.. It was two sizes smaller. Mhmm. Sometime as entrepreneur.. You gon fail. So everything don't go.. The way you want it to go.

Original caption

Master P says he once put $100,000 into a shoe order that didn’t work out because the sizing was wrong and the product couldn’t be sold as planned. Instead of letting the loss go to waste, he turned the shoes into promotion and used the experience to learn how to move smarter in business. #MasterP #BusinessLessons #Entrepreneurship #BusinessMistakes #MoneyTalk