- 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.