Don’t Start A Business Until You Watch This

Don’t Start A Business Until You Watch This

– Listen to me. Don’t start a business
until you watch this. You see people on social media,
on Instagram, on Facebook. You see the lifestyle of
a successful entrepreneur. You see the car that they drive, they’re driving the Ferraris
or they’re driving a Bentley or you see the vacation spots, you see their home, you see their house and you see the life that they have and you say to yourself, I want that too, so what I’m gonna do, I’m gonna start a business just like them. Well, are you ready, do
you know if you’re ready to be an entrepreneur? Here are five warning signs that you may not be
ready to be in business for yourself just yet. Number one and that is
don’t start a business if you have no money. That’s correct, you heard me right. Don’t start a business
if you have no money. If you need money coming
in like you need blood in your veins, don’t start a business. Why? Because it takes time
for a business to mature to generate profit. If you think you’re gonna start a business and you’re gonna make money
in the next two weeks, four weeks, a month, that’s
an employee mentality. As an employee, you
get a check, two weeks. You get a check by the end of the month. As an entrepreneur, that doesn’t happen. It might take you six months,
it might take you a year, it might take you two years. Most business owners don’t make a profit until many, many, many years in. In the meantime, what are you gonna do? You still gotta eat, right? You still have to pay the bills. If you have absolutely no money right now, what do you do? You get a job. Don’t start a business because a business takes time and it takes effort and it does take money to grow. I always say, take care of
your cash flow needs first before you worry about building an empire. Take care of your income first. Second warning sign is this. Don’t start a business if you
don’t understand the industry. I always ask this question
before you start any business and that is, and I’m asking you right now, why you and why now? If your answer is, oh, I
just wanna make some money, you’re gonna fucking fail. Why you and why now? What qualifies you to be
in this space right now? Not what you just saw on Facebook. Oh, that sounds like a good idea. This person, this guy is making
so much money doing this, I should jump into that too. No. Why you and why now? In order to make money in any industry, you have to understand the industry. If you don’t know the industry, first you have to learn the industry. Let’s say you wanna go
open up a restaurant. I’m not saying that’s a good idea, but let’s say you want
to open up a restaurant. Well, is it a good idea to just go work at a restaurant, see what’s the day to day operation like, what’s it like to work in a restaurant, before
you open up a restaurant. So you have to know your industry. Warning sign number three,
don’t start a business if you don’t have stamina. I mean a mental toughness to endure pain. Many years ago, I had this
conversation with my mentor and he asked me the question,
Dan, what do you think is the number one quality
of an entrepreneur? And I said many, many things. I said talent and I said
team and I said good idea. I said many, many, many things and no, he said the number one quality of a successful entrepreneur is this, and that is the ability to endure pain for a long period of time. Didn’t talk about the Ferrari, didn’t talk about the big house. Pain for a long period of time. Is that you? What are you willing to give up? What price are you willing to pay to accomplish success
to build your business? I could tell you any
successful entrepreneurs that I know, almost all of them experience pain for a long period of time before they accomplish even
just a little bit of success. Everybody wants to talk
about the glamorous side of entrepreneurship. No one wants to talk about the dark side. Are you okay to be able to endure pain for a long period of time. Where those nights you cannot sleep, the nights where you don’t know how you’re going to pay off that debt. Are you okay with that? Having that responsibility, heavy, heavy responsibility on your shoulder. Warning sign number four and that is, don’t start a business if
you want more free time. That’s right. If you start a business, you think, oh, now I can quit my
job, the nine to five five days a week. Now I’m gonna be an entrepreneur, I’m gonna be a business owner, that now I’m gonna have freedom. You are dreaming. You might have freedom after working so many years, maybe a decade, then you will have some freedom. The first five, ten years,
you ain’t getting shit, okay. First of all, you getting paid last. You pay everybody else
before you pay yourself. So if you think you’re
gonna get rich quick doing this, no. When you’re running your own business, there’s no nine to five. Comment below if you are a business owner, if you’re an entrepreneur. If you agree with me, comment below. Let’s wake people up. Let them know. There’s no nine to five. There’s no nine to nine. It is on your mind 24/7. When you take time off,
you’re not really off. You know what I’m talking about. You’re thinking about your business, you’re thinking about how
to get more customers, you’re thinking about your team, you’re thinking about your employees, you’re thinking about the
cash flow problems you have and you’re not gonna get more time ’cause in the beginning, if you don’t have those specific skills, the
learning curve is deep. It takes a few years just to get a sense, get a feeling and try to find out what works in your business, to crack the code, right, being profitable. And from there to grow,
there’s still a long, long way. Forget the nine to five. Forget the five days a week. It’s seven days, 24/7. That’s the life of an entrepreneur. And if you don’t love it and if that’s not in your blood and you want it so bad, you’re not gonna do what it takes, you’re not gonna make those sacrifices ’cause it’s too damn tough. Warning sign number five and that is don’t start a business if you don’t know how to close, period. I don’t care what it is that you do. You wanna get customers, you gotta close. You want better terms for
financing, you gotta close. You want better vendors, you gotta close. You want partners to help you to promote your business, you gotta close. If you don’t have the ability to close anyone anytime, if you don’t have that closing mentality and you don’t have that closing skill, you’re not qualified to be in business, period. I don’t care what it is that you do, I don’t care what industry you’re in, I don’t care what product
or services that you sell, you need to be able to close. So those are the five top warning signs. So, after all that, if you say, you know what, I still want it, I’m willing to pay the price, then click a link below or here and here and I invite you to join
me for a special training. I’m gonna teach you the number one skill that you need to make
a business successful. The number one skill that you need to be a successful entrepreneur. Doesn’t matter what state you’re in Even you’re stuck at this point, how do you break through
and go to the next level. You need this number one skill. So click a link below and
I’ll see you in class.

Comments (100)

  1. What is the biggest problem you’re facing
    in your life right now?

    Comment below. I might just make a video
    and solve that problem for you.

  2. thanks you for new knowledge . I agree

  3. He is saying right. If you are an enterpreneur you are always think about your company 7/24hour . You obsessed to your company

  4. Hey man,, i really wish i would saw this video 1 year ago…

    I have tried to launch myself in a restoration business…. Big fail, i have closed it 6 months later!

    No experience in that type of business, not enough money to keep the business in the first months. A huge fail 😐!
    At least i have learned the lesson!

  5. Dreaming haha 🀣🀣🀣

  6. All you saying now is affected to me this is real thank you so much πŸ€£πŸ˜‰πŸ€—

  7. Im jha aniela from the Philippines

  8. I love your word sir

  9. ABC- Always Be Closing

  10. What do u mean "cloes"

  11. I'm a business owner, and i work for 11 years from 6pm to 11am πŸ™‚

  12. Exactly. 24/7 ALL OF THIS!!!

  13. You are right…
    Always thinking about the Business, how to make it more profitable & dealing all this shit!

  14. @DanLok Totally agreeable.

  15. I agree with ur statement

  16. Yes I want to learn to be entrepreneur

  17. All points are correct, and I would like to add one more, that don't start a business if you don't have a right partner or right team. You should have also mentioned that, its equally important. And thanks for all the points.

  18. all true πŸ™‚

  19. 12 hours 5 days a week!!! 8 hours on Saturday and study on Sunday!!!!

  20. i don't know how to close, I started a web development business 10 months ago with absolutely zero dollars.As i can't close and i can't do marketing, i hired 1 salesman and 1 marketing officer but instead of giving them a salary, i gave them 15% of the company each which leaves me with 70% of the company..we've made over $25,000 in revenue since then

  21. I ain't get money enough to start my business so I have to change the tactics in how can I get the money that I need for my business , I'll use all that I can , I'll analyze the market , where people don't see opportunity, where for most of the people is a chaos, I always try to see a opportunity, and most of the times I see , I know that my business will push me to the high places , and I'll get money , but to be real what I really want at this moment is not that money , its just that feeling of being able to see my ideas working and my business growing , money will come after it .

  22. Real Life Wisdom Dan, thanks man, youre the best….the biggest issue i am facing is, getting all the pieces finished in order to launch my brand….

  23. How Much money required to start a business?
    Is it Every one will start from nill?

  24. No one about talk about over investment buying this buying that then cutting their man power tf company here in Philippines.

  25. TRUE.. πŸ˜β€οΈπŸ’•πŸ’ž

  26. And they must be focused.



  29. Those are cool ideas Dan, I appreciate.

  30. There is no 9 to 5

  31. You are right. It keeps you awake at night, and consumer behavior is unpredictable then the push inflation and fluctuations in overhead goes up and down. Tge employees still get paid regardless of revenue loses.

  32. its damn right, one pointe more in Belgium is different, here new technology ( construction) they dont' know and you lose time
    this video is true, i am more than 20 years as a entrepreneur

  33. I liked the Frankness…Want to follow you and want to implement your footstepsπŸ‘ŒπŸ‘ŒπŸ‘Œ

  34. hello i'm your new subscriber and thank you for sharing your ideas ,experience and knowledge with us sir Dan Lok

  35. absolutely perfect

  36. I applied to your class and it succeeded but I can’t join the webinar..😒

  37. Ur so negative bro

  38. Rob Moore, in his book "Money", says it's a mistake to pay yourself last and that you should pay yourself first

  39. I agree with you, you are right. I quit and started working 9-5 because of free time and can spend time with my family

  40. 😱😱😱

  41. I'm an entrepreneur as well, it's all true

  42. 4.5 years into my Interior Design business. You summed up my life perfectly. Started business with $0. Just now feeling like I’m starting to figure things out. Great video

  43. I want to star a small business ..hoping to grow but ..I ll fail…but after a few months I get back it takes time…I know I can do it…

  44. Why do Robert kiyosaki tell is to go get debt for business

  45. I still want to do it whether it's painful or tough , I'll beat it

  46. Check Dan/ u inspire me of this☺😘πŸ₯°

  47. Really i don't know what is closing please help me .. reply me

  48. PERFECT… Mark My words. Now I Can See your future as β€œ A Billionaire β€œ… πŸ˜πŸ˜πŸ˜πŸ‘πŸΌπŸ‘

  49. I swear I heard him say Westeruant

  50. i wanna know that without budget we can make business?

  51. What you have said is true!

  52. I know how to alive ,restless ,and active 24Γ—7 thanks Dan.

  53. I've been employed in a books and stationery store for 4 years solidly and I think that in two more years, I'll have saved enough to start one of my own. I've learned a lot here and from following you closely. I'm ready, Dan

  54. My dad agree with you

  55. It's 1:41 am right now, and I was browsing contents, I do this to grow my company attention, and even though I sacrifice all my rest for my business, I don't call myself as an entrepreneur ….i feel I'm just doing what I love

  56. yes is true ,,speak only positive

  57. Dan.. What makes you so smartπŸ™„?

  58. I believe I can do anything in this world.iam ready even if it's a dead battle war bcoz IAM once in this world letzz try till end……Ram entrepreneur…..soon

  59. greg no not right i know why

  60. I'm ready to pay all thingsπŸ”₯πŸ”₯

  61. Thank you ! For opening my eyes!! I want to learn more

  62. I love this man's spirit
    Such a fountain of knowledge πŸ€—πŸ€—πŸ’―πŸ‘ˆ
    Stay awesome Kingman ❀

  63. Real Talk πŸ’―πŸ‘ˆ
    Business Owner over here

  64. the realest video!

  65. Lol.number 1??? I saw a video of a couple they only have 100 pesos and they start selling foods they roll thier money until thier business get bigger. And now they have a lot of money from 100 pesos only.are you sure???hahaha

  66. Trust me the pain, the responsibility is something very hard to bear especially when you try very hard and you still failed

  67. πŸ’―'/. True….

  68. I own multiple companies and every thing he said here is spot on. Especially the pain!

  69. totally agree. Thank you so much for sharing this πŸ˜€

  70. Always ready to do
    Watever it takesπŸ‘Š

  71. Been to business before and everything you have said is damn right. Everything else people heard about doing business were just myth.

  72. AGREE There is no 9-5 but you works all the time in head and you have to be ready at anytime. But it’s worth it and I love the pain.

  73. Yes I want to start my own business by own company. I will endure whatever pain it may cause cause I have endured so much pain and sadness in my life that now I can control it. It's better to just die than be a slave to others even without having any idea about ur own condition

  74. You are 100% right Dan.Β It's one of the Greatest video and I learnt a lot. Thank you so much

  75. I like it πŸ–

  76. But previous video said " i dont need money, i need better strategy" kinda contradicts

  77. Totally agree πŸ‘πŸ»

  78. This spot on! I am a small growing entrepreneur and I agree on these profound points!

  79. I close my moms shop everyday. I think im ready.

  80. This is reality. You now every person on you tube is saying be an businessman. Dnt do the job. They are just presenting the benefits of business. But no one is showing the dark side. I am an businessman also an it's very difficult.

  81. I agree all things what you said. We can’t have free time when we start own business!

  82. What does he mean by close??

  83. I just worked from 8:30 am to 12:30 am the next morning! Own my own mortgage company and got to make hay while the sun shines… 9am – 5pm LOLLLLLL!!!!!

  84. Great words! Respect! β™₯οΈπŸ‘πŸ’―πŸ‘

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