Over the past decade+ the definition of success has been skewed and muddled. To me, success is doing what you want, enjoying what you love and waking up everyday being excited to do it. This is the message I've been sending to the USC kids for the past 8 years. This year we decided to have our chat over Zoom and this is a segment where I really went deep into the fear of failure, the true definition of success and the relationship it has with sacrifices. I think this will help change your perspective on what true success really means. Watch this twice.
Thanks for watching!
Join My Discord!: https://www.garyvee.com/discord
Check out another series on my channel:
Keynotes: https://www.youtube.com/watch?v=6vCDlmhRmBo&list=PLfA33-E9P7FCEF1izpctGGoak841XYzrJ
NFTs: https://www.youtube.com/watch?v=AwMJ6bScB2s&list=PLfA33-E9P7FAcvsVSFqzSuJhHu3SkW2Ma
Business Meetings: https://www.youtube.com/watch?v=wILI_VV6z4Y&list=PLfA33-E9P7FCTIY62wkqZ-E1cwpc2hxBJ
Gary Vaynerchuk Original Films: https://youtube.com/playlist?list=PLfA33-E9P7FAvnrOcgy4MvIcCXxoyjuku
Trash Talk: https://youtube.com/playlist?list=PLfA33-E9P7FDelN4bXFgtJuczC9HHmm2-
WeeklyVee: https://youtube.com/playlist?list=PLfA33-E9P7FBPjdQcF6uedz9fdk8XKn-b
Gary Vaynerchuk is a serial entrepreneur, and serves as the Chairman of VaynerX, the CEO of VaynerMedia and the Creator & CEO of VeeFriends.
Gary is considered one of the leading global minds on what’s next in culture, relevance and the internet. Known as “GaryVee” he is described as one of the most forward thinkers in business – he acutely recognizes trends and patterns early to help others understand how these shifts impact markets and consumer behavior. Whether its emerging artists, esports, NFT investing or digital communications, Gary understands how to bring brand relevance to the forefront. He is a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, Snapchat, Coinbase and Uber.
Gary is an entrepreneur at heart — he builds businesses. Today, he helps Fortune 1000 brands leverage consumer attention through his full service advertising agency, VaynerMedia which has offices in NY, LA, London, Mexico City, LATAM and Singapore. VaynerMedia is part of the VaynerX holding company which also includes VaynerProductions, VaynerNFT, Gallery Media Group, The Sasha Group, Tracer, VaynerSpeakers, VaynerTalent, and VaynerCommerce. Gary is also the Co-Founder of VaynerSports, Resy and Empathy Wines. Gary guided both Resy and Empathy to successful exits — both were sold respectively to American Express and Constellation Brands. He’s also a Board Member at Candy Digital, Co-Founder of VCR Group, Co-Founder of ArtOfficial, and Creator & CEO of VeeFriends. Gary was recently named to the Fortune list of the Top 50 Influential people in the NFT industry.
In addition to running multiple businesses, Gary documents his life daily as a CEO through his social media channels which has more than 34 million followers and garnishes over 272 million monthly impressions/views across all platforms. His podcast ‘The GaryVee Audio Experience’ ranks among the top podcasts globally. He is a five-time New York Times Best-Selling Author and one of the most highly sought after public speakers.
Gary serves on the board of MikMak, Bojangles Restaurants, and Pencils of Promise. He is also a longtime Well Member of Charity:Water.

If you told the majority of the most ambitious kids in this room that they're only gonna make a million bucks a year Max In their career, they would think like they up. and so I Think success got reframed into crazy numbers like you had movies coming out 15 years ago. It's like, you know what's better than a million a billion Like, you know, it all got weird. I Think people are confused out there.

What's success? A million dollars? 10 million dollars? 100 million dollars. It's a million dollars. Like you get to decide what success is, what are some of the things that you sacrificed to get where you are today? And do you think it's possible to reach a high level of business success without immense sacrifice? Of course, it's a possibility if you decide to Define Business success at a certain level I Would argue that business that's living and breathing that is alive and growing that makes the founder. Eight hundred thousand dollars a year is an outrageously successful business.

The top one percent earners in America make 480 000 a year. You're a top one percent success. And at eight hundred thousand dollars a year take home from a small business, one does not have to sacrifice in the way that the question was posed right. At that level, you don't have to work 19 hours a day.

You can have 60 hour work weeks, 45 hour work weeks, achieve that level of financial success and still have family time and still have your mental health. I Mean I Don't think mental health has a number I Know people that are struggling with mental health that have businesses that do forty thousand a year and I know people that have do not have mental health issues and have good You know, um, content, happy peace of mind that run 300 million a year businesses. So I Don't think Mental Health has a direct attribute with guys and scale I think it goes back a little bit to self-esteem self-awareness I Also think for by show of hands because I see most of you. how many of you in this class intuitively believe like doing business or being an entrepreneur is as fun to you as like playing sports or watching TV or skiing or like like it's like the most fun raise your hand right? So like you know for me, that group is going to struggle to burn out if their literal favorite thing on earth and their Hobby and their fun is business building.

Of course there's sacrifices, but but I Don't know if you know this. there's a lot of people in this classroom. Professor I Don't know. If you know this, there's a lot of people you and I know who do not own businesses who are employees who sacrifice things too.

Sacrifice is just a reality of life. but you get to decide what success is right. Like what's success? A million dollars, 10 million dollars, 100 million dollars Trillion dollar like. Like you know to me why I Love entrepreneurship.

For me, success is being able to do what you want to do every day and living within the means of how much money you have. So if you don't have tons and tons and tons of money, well then you fly private everywhere anytime you want. but having the freedom to create and do your thing well, that doesn't take that much money. Um, so you know I Think this is a very complex question I Think a lot of kids are and a lot of grown-ups are confused by this.
I I Don't think you have to be unhappy like you know to like win. You know, like I Think you can build an Empire on your terms and in your way. I Also, think people lack patience I Think people want money too fast I Think that hurts them I Think that's where I Think people burn out or sacrifice because they're trying to win too fast to show everybody that they won I'm petrified of people thinking entrepreneurship is cool and like just doing it because they think it's cool. It's hard when we were growing up, if you've made a million dollars a year you, you were big time.

Now, like if you told the majority of the most ambitious kids in this room that they're only going to make a million bucks a year, Max in their career, they would think like they up. Oh my. God And so I think like success got reframed into crazy numbers like you had movies coming out saying like Justin Timberlake's I mean making a movie 15 years ago That's like you know what's better than a million a billion like like you know it all got weird and the separation of wealth and Society has gotten weird and too extreme and so like I think people are confused out there uh hi Gary So just relating to the concept of failing fast and learning from your past mistakes, how can individuals reframe their perception of failure and um, use as a tool for growth and progress? a lot of you were of the generation where failure started to get demonized right back to me and Professor being older like there was no such thing as any trophy for anybody than besides the people that won Little League And so we created a culture in the last 30 40 years where we tried to over protect people from failure. You know when you when I hear that question from you I get scared because when I think about the school system Society For the last 30 40 years we didn't do a lot of favors for people to get comfortable with losing.

we demonized it. We by over protecting people from it. we made them think it was bad humans not gen Z not emerging Gen Alpha not Boomers Like humans need to practice losing a lot more. So the answer to the question is it's easy.

Go Do you'll lose. All that entrepreneurship is is micro losing with the occasional macro win.

14 thoughts on “Does business success require sacrifices? l keynote in 5”
  1. Avataaar/Circle Created with python_avatars Dewa Debadon says:

    👍

    Daily Positivity Energy! Thanks Gary!

  2. Avataaar/Circle Created with python_avatars Philipp Humm - Storytelling Coach says:

    I appreciate how this video acknowledges that everyone's sacrifices will be different. It's not a one-size-fits-all approach, but rather a personal decision based on what you're willing to give up for your goals.

  3. Avataaar/Circle Created with python_avatars Daniel Budai • Ecommerce Email Marketing says:

    Ofc it does.

  4. Avataaar/Circle Created with python_avatars The Dan Palen says:

    This dude is such a grifter.

  5. Avataaar/Circle Created with python_avatars 💰 Make $665 Daily says:

    "Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice." -Wayne Dyer

  6. Avataaar/Circle Created with python_avatars Luis Alejandro Güemes says:

    Thanks Gary, you are one of my mentors.

  7. Avataaar/Circle Created with python_avatars Kevin Lecavalier says:

    keep up the good work Team! Gary, u got soul!

  8. Avataaar/Circle Created with python_avatars Hola! FLOODOFSINS says:

    I would love to see someone make a meme of a prison guard telling a person in isolation about you have every opportunity to define your own success within these four walls. You are the master of your own domain I mean straight jacket.

    Someone please make a meme of a parent telling a young child in his room of only his bed that he is so much opportunity because there are so many kids that don't even have a bed 😂. Gary is so full of it.

  9. Avataaar/Circle Created with python_avatars Chris Thompson says:

    It seems like most major business or individual financial successes have an equally high component of a "fear of failure". However for each individual it's necessary to personally define what they feel is their own personal definition of success. It could be financial or maybe with success could be defined as having a healthy life, a good family, etc. Just boils down to your personal goals.

  10. Avataaar/Circle Created with python_avatars Mehul Vakadiya says:

    Hello sir,
    My name is Mehul Patel from India. My age is 45 and I am frustrated with my job and I want to do business with low budget so can you please guide me for the same.

  11. Avataaar/Circle Created with python_avatars Team GaryVee says:

    Do you want to see more keynotes in 5? 👀

  12. Avataaar/Circle Created with python_avatars Lucas Baader says:

    I'm favoured, $230K every 4weeks! I can now afford anything and also support God's work and the church.

  13. Avataaar/Circle Created with python_avatars DOMINATE says:

    I was waiting ❤

  14. Avataaar/Circle Created with python_avatars 연기오디션 연기학원 조성덕의 연기스튜디오 says:

    Gary rules!❤

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.