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.

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98 thoughts on “Don’t Start A Business Until You Watch This

  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. Dan. I was thinking of starting a busuness.. everything you said is true and somehow my mind identifiend all these warnings except one. Endouvring the pain. Yes i can but to the level you explained, no! I entered into the industry first. I started a job. I started learning the industry amd after 4 months of c9ntinues struggle i closed my first client. Thumbs up to you!

  3. Correct! I quit my job and start a business. Thinking that i can have more free time. But shooot! It double up my working hours instead 😂 its past 3am but still i am working right now 😂

  4. Thats true i have food bussiness with 27 branches, and it is a long hour works, there was no holiday in the early years,and for the first year my chek was lower than my employes. Because i want to keep my bussiness growing

  5. Sir you are absolutely correct ,
    I want to expand my business,can you please help me. I m doing food business.

  6. Running a 7 figure turnover business. I can tell you Dan is spot on to all the signs! Endurance is a key, it is a marathon that doesn't have a finishing line, you got to love the business to be in it. Ferrari & mansion are bullsh*t. If you have money, you reinvest into the business.. Unless you are running a unicorn, it might be a different story. As a business owner, you are liable for everything, when your team fails you fails. Sleepless nights are normal in business so be prepared for it

  7. I like your boldness, your points are quite noted. Just that you have forgotten that so many great entrepreneurs started little, some didn't have money at all but stated from simple and common things to build capital. There are business you can do without having some capital in your bank. Some businesses do not need startup capital in cash.
    Do you not know that entrepreneurship is not all about Start up capital, it can be about skills, goodwill, good negotiating ability, or even about your looks. How much do you know about freelance.
    I think you need to read wider about business and entrepreneurship.

  8. I totally agree. I constantly I see many wanting their own business with the mentality that it's a 9-5 Job (not really but with lots more freedom). Agree with the Stamina too, can you endure hard times for long? LOVE THIS!

  9. dan you're the man, i work my 7 am until 3:30 pm and then come home and work on my craft until generally 12 am, I've failed for years, but I'm still at it

  10. Dan lok you lost it . My son startled a business by just taking our grass cutter going door to door and cutting grass. He had cash flowing in. And he bought bigger grass cutter and than a truck and I can go on. My son didn’t have to be an expert on grass cutting. He learned how to use the machine in a second .

  11. "Stamina" wow this is the greatest advice I've ever heard I been a business owner for 11 years and when im not in the gym im a lil winnie thank you im glad I watched this video.

  12. So, good morning and good day, I am happy to meet you and I am connected with you as an entrepreneur from last 10 or 15 days and I am getting experience from you So in some level I develop myself like writing skill, or learning language for better communication, in many way either it may add, or speaking somewhere, article writing, for product, many thing can done in writing
    as per your terms and condition how much and what type of do you want work from me that is most important for me I am agree with you whatever you say about productive or which way easy earning money that I want to know from you. I am already want to work with you in any way or any where but I want clear and transparent answer from you.
    So I am with you as a business partner but I want to know and understand your business strategy. so thanks for your guidance.

  13. I agree to you sir… business is not just a business… always have a problem… think all the possible problem to your want to start a business… always be smart, all of the decision… deep learning is the best way, to start a business… thats not just like a simple game… thats a key to the future of success in your life… i have so many thinks that i have learn to you, and continuing learning… thanks to you, sir DAN…

  14. Thankyou so much for the great information.More power!

    4.) They said rich people have time freedom _ maybe physically but mentally working.

  15. I vouch for what he said, when I was in highschool I used to look at all those social media lifestyle and the "unlimited time" they have to have fun with their resource, so I launched a local business in my city when I was 19. I was working from 10am to 2am every day 7 day a week until I exhausted myself and couldn't handle it. It was fun at first when I had big sales, but then i became miserable. I was the wealthiest of my Friends yet they're having the most fun and no worries. I returned to college a year ago at 23 studying marketing at the university of Michigan, my graduation year is set at the end of 2020, but I am starting a business again, only this time I am equipped with experience and education.

  16. I am from syria and i still there.. i should work with boss that i haaat.. becaus you can't find a job here easy there is war ..and even i don't have money.. i realy want to have my own busniss

  17. I have business and work and i
    Doing good selling clothing.
    I agreed with some of you
    Talk. If you own business
    Always work to back up
    Your losses.

  18. Hi Mr Dan, I'm doing export business. I always approach a unknown clients by Email. Bocz in export they need for samples and we need some details about the product. Here my question is what is the RIGHT word for the subject to approach the unknown client's via mail?

  19. Excellent , it’s true.
    Thank you for sharing your valuable information.
    You are rôle model to young entrepreneurs.

  20. Wrong
    The ability of an entrepreneur is not about having money or not having it.

    The ability is to navigate your ideas to a proper shore and manipulate it to get money. Which means creativity, I started a business without a cent in my pocket, now I run successful businesses. It's all in your head, read books, read roaring 20's books of businessmen. Read books, grow, fail, try again, fail again, try again. Read biographies. I am a literature student, I wrote biographies for artists and businessmen and I learnt something from it. Read, grow, don't stop reading. Be observant.
    This guy is a businessman himself but he doesn't give you the real insight and fundamentals of being an entrepreneur but is showcasing you to subscribe his product.

  21. I'm in a shirt printing business for 4 years now. But still not as big as my competitors here in our area. you're right sir. It's hard.

  22. I was searching a tips for a businesd, and Im just accidentally click your video Mr. Dan. I do not know you, but the way your speak, to communicate ohh my you're really a Business Man, You catch me. And now im starting to follow you and watch your video. Im your Loyal fans now. ❤

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