Passion-Filled Motivation for Start up Founders

Patrick Bet-David

The DNA of an Entrepreneur – Patrick Bet-David

3 Sep , 2016   Video

About the Speaker:

Patrick Bet-David is an American entrepreneur and financial adviser. He created PHP Agency, which stands for People Helping People. He is currently really active on social media and provides lots of content on how to become an entrepreneur. You can visit his website here:

The DNA of an entrepreneur – Video Summary

Facts in the United States:

  • 83% of college students do not have a job lined up before graduating.
  • 66% of Americans earn less than $41k per year
  • 65% of net new jobs have been generated by small business since 1995

Analysis and possible alternatives

After analyzing these facts, we can conclude that the job market nowadays is not as attracting as it used to be. This situation not only applies in the United States but in most countries in the world. So in order to improve our quality of life, we can think of 3 alternatives:

  •  go back to school,
  • settle for another job
  • become an entrepreneur.

From Patrick’s perspective, the only way to be wealthy and to succeed is to become an entrepreneur. The other alternatives are less advantageous than it used to be. In fact, US companies used to provide social security for employees. But, this has recently changed since companies found out that they did not need to offer that in their job packages because of the increase in job demand.

In fact, social security was created and set to 65 years old because most people do not survive after 65 years old. That way, the Government knew they would not have to pay back what people have contributed.

Definition of Entrepreneur:

“A person who organizes and manages any enterprise, especially business, usually with considerable initiative and risk.”


Most people get inspired by entrepreneurs but fear stops them from becoming one. For example, they fear:

  • Failure
  • People’s opinion…

Why becoming an entrepreneur?

  • Control of time
  • Income
  • Tax Benefits
  • Family Business
  • retirement
  • recognition
  • be the boss
  • happiness
  • fulfilled
  • live a meaningful life
  • create a community

Happiness and the lead of creation

The lifespan of happiness is extended if created by natural things. Other substitutes that simulate happiness, such as, drugs, alcohol… will only work for a very short term. Patrick believes that Boredom is the seed of laziness. The more action there is in your life, the more you create, the more energy you produce and the happier you become. On the other hand, the less you create, the less energy you produce, and as a matter of fact, the sadder you become.

Entrepreneur characteristics

Unexpected sign of an entrepreneur:

  • You are restless and no achievement even seems good enough
  • You are a control freak
  • People think you are crazy
  • You are masochist
  • You have a love-hate relationship with money
  • You are a black sheep and maybe even a dropout
  • You are somewhat introverted but…

DNA of an entrepreneur:

  • Do you like sports and competition?
  • Did you ever sell anything?
  • Do you have an expensive taste?
  • Are you curious?
  • Do you tell good stories?
  • Are you somewhat shameless?
  • Do you have a strong work ethic

If you can answer yes to any one of these questions, you have a chance to become an entrepreneur.



About alexis

Alexis is passionate about writing content in order to help startup founder to get their business started. Moreover, he is a web developer that love building useful websites.

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