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.

100 Comments

  1. Dan Lok says:

    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. sahra mahmed says:

    Tanks

  3. Hemanth K says:

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

  4. ARK 143 says:

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

  5. anthony encarnado says:

    TRUE.. 😁❤️💕💞

  6. Warren` Posternack says:

    And they must be focused.

  7. Warren` Posternack says:

    YOU ARE NEVER OFF!!!!!! YOU ARE WORKING 24/7 EVEN IF YOU NOT AT THE OFFICE.

  8. Warren` Posternack says:

    YOU MAKE EXCELLENT VIDEOS

  9. Salehe Lukindo says:

    Those are cool ideas Dan, I appreciate.

  10. TunSerl Tech says:

    Hi!my idol

  11. Vikaash says:

    There is no 9 to 5

  12. Robert Tuffree says:

    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.

  13. Philippe I says:

    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

  14. Kalla Nagendrra says:

    I liked the Frankness…Want to follow you and want to implement your footsteps👌👌👌

  15. Toughlove R says:

    AWESOME!

  16. Pyntngenlang Nongsiej says:

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

  17. Kabore Abdul fattah says:

    absolutely perfect

  18. Moon Hseng says:

    Respect

  19. Steffenn30 says:

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

  20. Simplicity 3 says:

    👌

  21. Prodak Pistolas says:

    Ur so negative bro

  22. Kobi Conner says:

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

  23. Parthiban Mani says:

    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

  24. Sandesh Rai says:

    😱😱😱

  25. Carrington Obinna says:

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

  26. Elements Design Co. says:

    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

  27. Rey Alvarez says:

    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…

  28. Easy Chiller says:

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

  29. jivendu singh says:

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

  30. Myra Labarete says:

    Check Dan/ u inspire me of this☺😘🥰

  31. TARUN SHARMA says:

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

  32. Freespirit🐳 says:

    I agree!

  33. Kalyan chakravarthi Chittithoti says:

    PERFECT… Mark My words. Now I Can See your future as “ A Billionaire “… 😍😍😍👏🏼👍

  34. S L E E P Y P A S T E L S says:

    I swear I heard him say Westeruant

  35. Laxcy Gurung says:

    i wanna know that without budget we can make business?

  36. Leo Peter Charles says:

    What you have said is true!

  37. masterflex27 says:

    I agree

  38. Aliv tube says:

    I know how to alive ,restless ,and active 24×7 thanks Dan.

  39. kimani jr says:

    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

  40. Mustafa m says:

    My dad agree with you

  41. naseem athhar says:

    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

  42. safia talaron says:

    yes is true ,,speak only positive

  43. Smile Squad says:

    Dan.. What makes you so smart🙄?

  44. Ram kumar says:

    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

  45. greg tyler says:

    greg no not right i know why

  46. Shubham Mathur says:

    I'm ready to pay all things🔥🔥

  47. Paola Ramos says:

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

  48. Faizy Faizy says:

    Agree

  49. Natoya Williams says:

    I love this man's spirit
    Such a fountain of knowledge 🤗🤗💯👈
    💎👑💎👑💎👑💎👑
    Stay awesome Kingman ❤

  50. Natoya Williams says:

    Real Talk 💯👈
    Business Owner over here

  51. LL Lewis says:

    the realest video!

  52. Chol Beyts says:

    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

  53. Brian says:

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

  54. Tilok Chetry says:

    💯'/. True….

  55. khatib kassim mtawa says:

    thanks

  56. PeyBackThis says:

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

  57. Rocky Kho says:

    I agree brother

  58. Đại Hoàng says:

    totally agree. Thank you so much for sharing this 😀

  59. Taibang Aheibam says:

    Always ready to do
    Watever it takes👊

  60. अशोक फूल says:

    Agreed 🙌

  61. Ces Soriano says:

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

  62. Korrutai Yujaroen says:

    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.

  63. Ayan Chakraborty says:

    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

  64. Prabir Kumar Dhar says:

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

  65. Saed Abdirahiin hussein says:

    I like it 🖐

  66. JM Dela Torre says:

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

  67. Prashant singh Chundawat says:

    Totally agree 👍🏻

  68. Valentine Shanganya says:

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

  69. Jose L says:

    I endure pain.

  70. achikeh perpetua says:

    Very true

  71. Marcos Patrick says:

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

  72. Amarjeet Sing says:

    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.

  73. PCM Inc says:

    Yes I am a bussiness owner & I so agree with you said.Mr. Dan Lok.
    I can endure the pain
    I know the industry
    And I want to Learn more from you.

  74. Dieu Quach says:

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

  75. Creat Your Youth says:

    Entrepreneur !

  76. Queen Ok’ says:

    What does he mean by close??

  77. Charity May Palicte says:

    Help sir

  78. Daniel Litvin says:

    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!!!!!

  79. Abhilash Sharma says:

    Great words! Respect! ♥️👍💯👏

  80. JIFREY CANDARE LEYSA says:

    Oh no..
    #stamina

  81. Alo Peter says:

    Recently I start my Business?what I have to Do?

  82. Start Up says:

    Excellant

  83. ashrovy says:

    I'm willing to take the price!

  84. C Nalty says:

    This is so true

  85. Gem Aim says:

    I'll take the first step Dan..
    Thank u.

  86. Angela Robin Dsouza says:

    I am glad I came across this video Mr Dan your right for what you said. This is a motivating video
    With full of facts

  87. Mae Catleya says:

    I started my digital marketing 5 months ago and I got my first pay at my 5th month, got 6 action takers and 3 became my official business partner… is this bad? I spent a lot already with Facebook ads, but still hoping to achieve my goal.

  88. Veljko Velja says:

    my grandfather owns a company, it took him 14 years to automate and do nothing

  89. Free Energy Revolutions says:

    Some true wordz

  90. Mel Villar says:

    learning here… 😊😁 thank you dan 😊

  91. Reynaldo Pataray says:

    I'm going to be a businessman someday! I'll be back here if that time come!

  92. Irfan Mohammed says:

    Absolutely Correct, there is no 9-5 for an entrepreneur. And it does really takes a lot lot lot of long term pains before an entrepreneur be successful!

  93. ذهن برتر says:

    Amazing speech

  94. גיל ראש says:

    I agree working 24/7

  95. Bairulla Kisshan says:

    Wow, I learned a lot from u.. Thank u..

  96. Quad Tech says:

    Bruh! You speak the truth! Love these episodes!

  97. Danzel Swartbooi says:

    How cn i be rich to feed my mum ad Dad

  98. Danzel Swartbooi says:

    1.why you?
    2.why now?
    I just want to make money to feed my mum then i cn be rich I'm not good in school work that's why

  99. Candace Benjamin says:

    Your right ,close you should work in field you want to do see what it's like exspecially restaurant .

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