 All right, I just got finished reading this book zero to one by Peter Thiel for the third time That's how good this book is and I'm gonna be talking about Exponential organizations and about choosing what type of business to start So maybe you're super entrepreneur. You want to start a new business or maybe you've never started business yet And you want to start a new business? What type of business should you start? And that's a super important question because I'm gonna tell you something My personal experience I feel that a lot of startups And I made a lot of mistakes because my mindset was not in the right place I wasn't thinking exponentially. I was thinking linearly and in very narrow-minded mindset Therefore vis-a-vis I've had all my issues in the past, but As Socrates said answers are in the past Study other successful companies in my case. I say study other successful minds So in this case Peter Thiel Peter Diamandis and many other ones out there what I digress so What type of business should you start right now? Well, the first question you have to ask yourself is not what type of business you should start But what type of individual you are see each of us you and I we are wired differently My skill set is different from your skill set. My mindset is different from your mindset Your viewpoint of reality is different from my viewpoint of reality That being said you have to really be honest with yourself and ask yourself, right? It, you know grab a notebook Grab a pen and write down your skills because I see too many times Entrepreneurs going out there starting up companies and they may be Amazing companies in their mind, but they got no skill behind this whatsoever. They haven't developed any any skill And there's a book you should read They're so good that they can't ignore you Cal Newport highly recommend it Listen passion and vision is great, but what our skills is just a dream period capiche. You got that? Okay, so In your notebook you write down What you're good at you write down your skill set you write down your characteristics You write down your personality and you write down Honestly what you care about the most and my good friend Richard. We just had coffee. We're talking about this We call this a non-negotiable. So if you're starting a new business, what types of non-negotiables do you have? For example, my case couple of non-negotiables are is I don't want to work 100 hours a week I want to have time for my friends my family. That's a non-negotiable. I don't care second of all the company has to have Big ambitious goals to help humanity can't just be about the money There has to be a reason and rhyme behind what they're doing to help the commoner around the world the common human being and Third of all, does this make me happy? So it's individualized Your happiness is different from my happiness and everyone else's happiness different from each other So let's break down some industries that I think is going to be around or nothing. I know for a fact is gonna have massive. I mean massive tidal wave effect going out in the next five years ten years and fifteen years number one blockchain Probably haven't heard of blockchain, but it's Bitcoin if you heard of Bitcoin you've heard of blockchain So blockchain is the algorithm the platforms that the cryptocurrency runs on and two biggest hitters right now Well, I'll say the three biggest hitters are right now. You got Bitcoin You've got Ethereum and you've got Litecoin and getting a dogecoin yada yada yada So if you're looking to get in the tech world that way the fintech world that way and really make a splash in there and Go go to blockchain because blockchain can be utilized not just for cryptocurrency You can use blockchain for email. You can use blockchain for software You can use blockchain for voting. You can use blockchain for logistics because what basically blockchain is is creating contracts Creating this type of system online where I can send you information. You can send me information back. It's encoded It's encrypted. It's safe and it's decentralized. That's the wonderful Properties of blockchain. So blockchain is the first industry second industry is agriculture listen if You look at Maslow hierarchy of needs at the bottom you got food you got sex and you got housing, right? We need all three of them regardless, right? The thing with agriculture right now is It's not the fact that we don't have enough food. We got plenty of food. We got so much food that we're gluttonous It's the issue of legalities of laws and logistics. The problem with agriculture is Minimizing it because there's too many Massive, you know, gargantuan farms out there. How can we bring local farming inside the city? And then how can we increase the logistics so food doesn't go bad? So people know when food is ready. So we create these small self-sustained systems imagine on from Toronto imagine if Toronto didn't need food from anywhere else in the world that we're self-sustained Decentralized running on blockchain have our own food and we're pretty much we come around if you don't that's survival That is that is surviving and thriving in a beautiful beautiful city Okay, so look at how you can improve the logistics and how you can Micro size the farming aspect within an urban playground Next one transportation that's a biggie because next thing you know, it's gonna be 10 billion people on this planet So how can we improve the public transportation around the world? China 1.2 billion people India a billion people United States 360 million people over here in Toronto We've got 5 million people in the GTA area fourth largest city in North America. We got horrible. I mean horrendous public Transportation it's very bad extremely if you've ever been to Toronto our public transportation stinks That being said there's room to improve and where the improvements gonna happen It's not gonna happen from the governments because they're too bureaucratic too much politics so much bullshit out there What's gonna happen is a small lean startup. It's gonna come and disrupt everything I'll give example of uber uber has uber pool now. I use uber all the time. I hardly take public transportation I can take an uber pool split a ride downtown back and forth and cost me the same money as Me taking the public transportation and this is just the beginning so focus on public transportation I know Elon Musk and some other big cats in Cali to doing the hyperloop. I believe that should be mandatory I always think we had a hyperloop between like Moncton all the way to Vancouver and then from Toronto to Vancouver like 200 bucks you can be in Vanny for like four and a half hours fantastic as opposed to us paying like 800 bucks If I to Vancouver, it's crazy public transportation is a big industry to get to and following in the health sector genomics So genes of technology mixing together. I'll give you example of a company for that 23 me about a decade ago. It used to cost about $10,000 to run your gene sequence right now cost 200 bucks 23 me sends you a kit swap back in there boom back in the mail and you got your whole genome So you're not the whole but you got a a good amount of your genetic sequencing that you can now put on different apps And see the mutations you have and see all these other different health reports you got going on and Honestly the more personalized medicine we can have I believe that the hospitals the medical establishment all these archaic Systems will completely collapse and we're gonna bring it back to a decentralized mode where you become the doctor I want to say you becoming you Diagnosing yourself by having machines to aid you and now these machines can crowd source the internet around the world to find Specialists who specialize in exactly what you have as opposed to going through all the bureaucratic bullshit system going online going to GP GP sending over here. It's crazy to burden our on our system And we as a taxpayer pay too much money for a medical system that doesn't do us well Okay, and finally education and this is gonna happen soon. There is more than one trillion dollars owned I'm gonna repeat that again one trillion dollars is owned Who owns that money or who's calling from it? I don't fucking know but that's a different story This system will collapse mark my words and you see it all around you where? By the time and this is statistics by time you enter a certain career in university from year one 33% chance likelihood that your job will disappear. I did a video about this I'll put a tab over here where they're saying two billion jobs will disappear by the year 2032 billion jobs and it has to relate all these industries that I'm talking about okay, so we see it all the time Education system and we're not against education. I believe it's every human being's right to be educated What's happening though is the amount of time we spend on it and the amount of money we spend on it Does it equal out the production that we're looking for doesn't give us the return? It's a horrible investment if you think about it, you know $10,000 leasing in Canada $10,000 a year $40,000 just for tuition. What do you get out of it? Nothing a sheet of little job. It's a horrible horrible ROI as opposed to I can do microcourses online for a couple hundred bucks Even companies are now they don't even care what types of university have they will train you in-house in their incubator If you can jump into the educational system and figure out ways to create a global movement a global platform Whether that is in the financial sector of education Whether that is a new form of educating people through a certain platform Whatever it may be all these different layers in the vertical of education get into that industry and that's it I can keep on going, but there's so many different other things quickly summarize change your mindset Know thyself write down your stuff on any notebook you want read amazing books I recommend this book zero to one with Peter teal and that's pretty much it What I want you to do right now is leave a comment below this video I want to know hey what type of business you want to start if you have any questions Also leave a comment below this video and share this video on Facebook on YouTube all the places You know let your friends know that if they want to control their life and their destiny become a better human being Learning is earning, baby Peace