Your Next Five Moves

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Your Next Five Moves – Page 1

YOUR NEXT FIVE MOVES


Master the Art of Business Strategy
PATRICK BET-DAVID

PATRICK BET-DAVID is an entrepreneur and investor. While growing up, his family escaped from war-torn Iraq and became
refugees in Germany, before immigrating to the United States. Patrick joined the US Army on graduating from high school (with
an impressive 1.8 GPA), and served in the 101st Airborne Division. He was honorably discharged at age twenty-one and went
to work selling health club memberships for Bally Total Fitness. He joined Morgan Stanley Dean Witter the day before 9/11, and
left a year later to run Transamerica Agency Network. Patrick then started his own financial services and life insurance firm,
PHP Agency Inc., which has grown to more than 12,000 agents in 49 states. He also founded and hosts Valuetainment, a
YouTube channel for entrepreneurs. Patrick Bet-David never obtained a college degree. His social content has generated
more than a billion views.

ISBN 978-1-77687-024-0

SUMMARIES.COM is a lifetime learning company specializing in business smarts. We provide concise information and tools for
salespeople, business owners and managers and entrepreneurs to get ahead. Read less, do more. www.summaries.com
Your Next Five Moves – Page 1

MAIN IDEA 1 Master knowing yourself


To become a chess grandmaster, you have to
2 Master the ability to reason
develop the ability to look five moves ahead. In a
similar vein, to excel in business, become a Next 5 3 Master building the right team
strategist and think at least five moves ahead all the Moves
time. 4 Master strategy to scale
5 Master making power plays

Next 5
Moves Move #1 – Master knowing yourself . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pages 2 - 3
Knowing yourself is rarely talked about in business circles, but it's impossible to think
ahead without self-awareness. Once you definitively decide who you want to be, which
direction to take will become much more clear, as well as why it matters.
Specifically, to succeed in business, there are five
future strategic moves you need to master: Move #2 – Master the ability to reason . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pages 3 - 4
How to process issues, and having a methodology for making decisions are important. No
1 Master knowing yourself decision is ever black-and-white, and if you can learn to see all the shades of gray, that will
2 Master the ability to reason help you move forward decisively, even in the face of uncertainty.

3 Master building the right team


Move #3 – Master building the right team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pages 4 - 5
4 Master strategy to scale To build the right team around you, it's vital that you get to understand others. If you help
people find the best in themselves, you can build a team that will help you grow. Ask
5 Master making power plays questions, challenge your people to understand themselves, and build trust in your team.

Even if you don't play chess, you still need to learn Move #4 – Master strategy to scale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pages 5 - 7
how to act like a chess grandmaster. Always think
five moves ahead in whatever you do. Ideally, you want to spark exponential growth. Learn how to raise capital, invest in rapid
growth, and create systems which will allow you to gain and maintain momentum.
"Some of you overachievers may be wondering Tracking and constantly measuring the key parts of your business model is required.
why only five moves ahead. There are two reasons.
First, five moves is the sweet spot of thoughtful
strategy and swift action. Though there may be Move #5 – Master making power plays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pages 7 - 8
times when you will want to think beyond five Everyone wants to beat the Goliath in your industry, and if you do that it will be great for
moves, thinking too many moves ahead can lead to your reputation and future operations. Learn how to control your narrative and leverage
paralysis by analysis. Five moves is enough to social media productively to frame your story. Always keep thinking five moves ahead.
make sure you are anticipating future outcomes
and seeing moves and countermoves. The second
reason is that, on a macro level, there are five
moves you need to master to succeed in business.
They are exactly what you need to do to achieve
success. By the time you have studied all five Next 5
moves, you will have everything you need to Moves
achieve whatever type of success you're after."
– Patrick Bet-David

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