- Now this video is not
for beginner, it is not for wanna-be entrepreneur.
This video is for you if you are running
a six-figure or seven-figure business,
and you find yourself just kind of hit the glass ceiling,
In the beginning of your career,
you have this dream, you have this idea, and you say,
"I want to start a business," right?
And then wouldn't it be great if you
could hit that million dollar mark
to have that million dollar business?
You could tell people that I run a seven-figure business,
and you work hard, and you hustle,
and you just work, and work, and work like a dog.
And finally, you get there,
and you realize it's not what it's cracked up to be.
Now today, I'm going to share with you that no one,
very few people could tell you,
because this is where I see a lot of entrepreneurs,
they don't get and where they get stuck.
When you're just getting started,
when you're making maybe a few hundred thousand dollars,
a year, and you say to yourself,
you have this idea, this vision,
if you ever hit that million dollar mark,
all your problems will go away.
That you'll be sitting on the beach, you'll retire.
You are a million dollar business owner.
Life would be fantastic, right?
Now for those if you're watching my video
and you have actually built a business
beyond a million dollar mark,
comment below and see if what I'm saying is true
so other budding entrepreneurs could see
and learn from your experience.
You see this on Instagram, on social media,
and people are bragging,
"Oh, I run this million dollar business."
Here's the reality, here's the wake up call.
A million dollar business, it's nothing, it is nothing.
If you are honest, you are nothing more
than a glorified one-men or one-woman show.
You might have a few people working with you, right?
But after it's all said and done, you pay your people,
you pay your team, you pay your marketing.
Maybe you're making a few hundred thousand dollars.
Depends on your industry, depends on your profit margin.
You can't retire on that.
You can't even afford to buy the things that you want.
You can't buy the dream house that you want.
You can't drive the dream car that you want.
Maybe a decent car, but not the dream car that you want.
You can't even fly First Class.
Forget flying private, you cannot even fly First Class,
A plane ticket that costs you 10, $15,000,
it is a big stretch.
You see, let's take US, for example.
There are 30 million businesses in US.
96% never bypass the $1 million mark, 96%.
Only 4% out of the 30 million businesses
ever get to $1 million a year.
And that's important, 0.4% ever get to 10 million,
and less than 18,000 businesses
ever get to 50 million, put that aside.
I'm talking about when you're making a couple million a year
as a business owner, life is not that easy.
Now here's the problem.
People will tell you when you're making a couple million,
what do you need?
You need systems, you need to have systems in place,
but no one could tell you where the hell do I find the money
and resources to have the systems,
to hire the people so we can create the systems.
No one tells you that,
You're still putting out a lot of fires every single day.
Comment below if this is true.
You're still solving a lot of problems.
Your team cannot make decisions
without running everything by you, right?
You are the bottleneck of the business, and you are stuck.
And you cannot even fathom and imagine
how could I even hear handle more?
And for some, you are actually making less money
compared to when you were just making
a few hundred thousand dollars a year.
You have more responsibility, you have more problems,
you have more issues,
you have more stress when you're at
the one or $2 million mark.
Now you are not too big and you're not too small, right?
You're not too small because you've kind of got a team,
but you're not big enough that you
can have an executive team, right?
A management team to hire the best people.
You're not there yet.
So you're stuck at this place.
I call this the million dollar glass ceiling,
and it feels like a glass ceiling.
It could be even you're making 2 million, 3 million.
From my experience, it's between
the one to $3 million mark, right?
That's the challenge, and you thought to yourself
the answer to my problem is just working harder.
Although you're looking at your schedule,
you're like how could I possibly work more?
You are working on the weekends, you're working at night.
You're not spending time with family.
How can I possibly work more?
And now someone is telling you,
you need to grow the business even bigger.
You're like, I would die. I would have no life.
I already have no life.
I sacrificed so much for my business,
yet I'm making less money compared
to when I was just by myself making a few hundred K.
I have more freedom, I have more choices.
Now I got to deal with people.
And you don't know how to build systems.
You cannot afford to build systems,
and you don't know how to build a team.
And you don't know the difference
between a great employee or a good employee.
All these things are coming at you,
and you are stressed out of your mind.
That's what people don't talk about.
This is why you could have a seven-figure business,
and you still feel broke, you still feel poor.
I can't buy the dream house that I want.
I can't have the ideal lifestyle that I want.
And people look at you.
Here's the problem, people look at you and they say,
"I mean, why are you complaining?
You're running a million dollar business, that's good."
You're like, "Dude, I'm dying here.
I'm drowning here, it's not good.
It is not good."
And they're like, "What are you talking about, man?
You should be grateful.
Well, you've got, it's like, this is good."
I said, "No, it's not good."
And there's nothing wrong with running
a couple million dollar a year business.
Maybe it gives you a nice cash flow.
It's a lifestyle business, and that's perfectly fine.
But if you want to build something significant,
knowing that your goal is to get to that 10 million,
one to 2 million, even 3 million, it's hell.
10 million is where you want to be.
One of the sayings I have,
it's 1 million is a bitch, 10 million is a breeze.
There's a big difference
because at $10 million, now you have the revenue.
You have the profit to actually have a proper team in place.
You could have maybe not C-suite,
but you could have a decent management team
that you could delegate your day-to-day to,
so you could focus on your zone of genius
which could be creating, you are the visionary.
You are doing deals, you're coming up with ideas.
You're focusing on strategy,
but then you've got a team that's running the day-to-day.
That's doing the spreadsheet,
that's doing all the detail work
that you don't like to do, let them do that.
But when you're doing a couple of million,
you can't afford it.
You can barely afford maybe one general manager.
You don't want that.
You want to get to that 10 million mark
as quickly as possible.
And here is something that you have to consider
if you want to retire comfortably,
if you want to create generational wealth,
at $2 million, let's say it depends on the industry.
Let's say it is a two times multiple, okay?
Two times multiples, if you want to sell the business,
let's say you sell it for $4 million, okay?
$4 million, it's okay.
You're still not quite enough.
But when you hit that $10 million mark,
that's when private equity takes notice.
That's when you can sell your company
at way higher multiple.
Because now you're talking to people,
and you're selling your business to people that's got money.
Not mom and pop, people that's got lot of money,
and they're willing to pay a higher multiple
because you've got a little management team in place.
You know what you're doing, you have traction.
Now they are willing to talk, right?
That's the bare minimum, the $10 million mark.
And you can sell it for way high multiple.
Let's say instead of a two times multiple for 4 million,
2 million a year,
let's say you're doing a $10 million a year.
You could easily, easily sell the company for six multiple.
Now we're talking $60 million.
That's a FU money, right?
That's money that you could retire on,
that's the difference, that's the sweet spot
you want to get to.
It doesn't mean you have to stop.
It doesn't mean you have to sell,
but knowing you do not want to stuck
at that one or $2 million mark.
You want to get to that $10 million mark.
This period of time,
you don't want to stay in here too, too long.
You've got something that's going.
You have to scale as quickly as possible.
And that's what we're talking about.
If you don't want to have a seven-figure business,
I still feel broke.
You still feel like I don't have a lot of control
over my life, I don't have a lot of freedom.
I can't buy the things I want.
I can't provide a lifestyle to my family that I want.
I can't even retire that, what do I do?
I'm conducting a live five-day challenge
called the Smart Challenge which is going to teach you
how to build that unbreakable business
and how to break through that glass ceiling,
go from a couple of million to that $10 million mark
using social media, using technology,
and using a remote team.
All those things are very, very scalable.
You want to build a scalable business, right?
You want to see how you can digitize what you do,
how to virtualize what you do.
This is where the world's going,
especially in the middle of this crisis.
And I'm going to do this live.
It's you and me, not a recording,
and it's live, a five-part, five-day challenge.
If you are ready to hear the truth,
if you are ready to make some changes,
if you're ready to break through that glass ceiling,
if this makes sense for you, click on the link below.
I'll love to have you,
and let's work on this together
and break through that glass ceiling for you.