dan is it wise to take a loan from the
bank to start a business what if I don't
have any money in my bank account should
you take a loan to start a business this
is the boss in a Bentley series this is
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let's talk about should take out a loan
or not now here's my belief and some
people don't believe my believe and
that's okay
I believe that if you cannot make money
without money you probably can make
money with money if you are starting a
business and you need to borrow money to
start for most people chances are it
means that you don't know how to
generate revenue yet I have never
borrowed any money to start a business
at a time I started with no money in
order generate income and revenue in a
business you need to be able to sell and
if you don't have the ability to sell
too close to get customers more money
doesn't help I believe you should raise
capital and this is just my belief you
don't buy my belief but I believe you
should raise capital when you don't need
money when you are already have
something that's working and offer
you're getting trapped in the
marketplace that you want their money in
order for growth in order to expand you
know to acquire more customers now this
is the only this is not the only way to
make money there are companies out there
we're in a tech world they are raising
money they are they are putting you know
investors money into the ventures and
then eventually they want to sell that
that's fine that's a very particular
strategy on its own and the only
in certain sectors I'm talking about now
generally speaking so don't worry about
if you have money or not right worried
about your skillset and this is also
what I teach in my unlocking book in
terms of the wealth triangle if you've
got no money zero dollars instead of
starting a business what you focus on is
working on developing the high income
skills first it's a skill that pays the
bills what he's got some money coming in
then you can take that money and then
start your business if that's what you
want to do if you don't know how to
generate money more money doesn't help
more money only guessing to get faster
right you only fail faster accelerates
your failure rate when you've got no
money it forces you to be resourceful it
forces you to think outside the box it
forces you to be creative it's not so
bad because at the end of day as an
entrepreneur what we do is we think
outside the box right we use the
resources that we have sometimes very
limited to create some kind of results
to create some kind of products to
deliver some kind of value to the
marketplace in exchange of money any
other questions comment below until next
time I'll see you my belly