- [Danlok] Is entrepreneurship a lie?
You see it on social media all the time.
All the gurus talk about it all the time.
Yes, you can do it. It is possible.
Be your own boss and start your own business.
So is entrepreneurship a lie?
Let me tell you the truth.
I believe everyone could be an entrepreneur,
but not everyone should be an entrepreneur.
Just like anyone can play basketball.
Anyone could grab a ball and shoot some hoops,
but not everyone will make it to the NBA.
Because you see,
most people when they see someone who is successful,
who is a successful entrepreneur, anyone can start.
You can start a business, sole proprietorship.
Incorporate a few 100 bucks, a quick couple grand,
then you are in business.
Anyone can change their Instagram and say,
Hey, now I'm the founder and the CEO of
whatever my company is.
Low pair of entry,
but the problem is,
starting out as an entrepreneur doesn't mean you'll last
as as entrepreneur.
See, most people when they see entrepreneurship they think,
Hey man, it's like this,
I'm flying private jets, I'm going to the destination,
I'm enjoying life. Life is good.
That's not what entrepreneurship is.
In fact, let me ask you question,
comment below for my fans who follow my work and
who are business owners,
that you have started your own business,
especially retail businesses.
Comment below. Share your story.
What is it really like to be an entrepreneur?
If I was to ask you the question,
why you wanna start your own business?
You might say,
Hey, I want freedom, I want free time. Right?
I wanna make more money.
Here's what happens after you start your own business.
Before you start your own business,
you're working five days a week.
Eight hours a day on a typical job.
That's fine.
After you become an entrepreneur,
now you're not working five days a week,
you're not working six days a week,
you're working seven days a week.
You're not working eight hours a day,
you're not working ten hours a day,
you're working 12, 14 hours a day.
Making less money with a lot more stress
and probably a lot more debt.
Tell me if this is not true. Right?
And you think it's going to take you,
Oh, I'm gonna be successful in one year.
You think it will take you one year.
It turns out, even after you're successful,
it took you five,
ten,
15,
20 years.
This is the glamour side.
No one talks about the dark side. Right?
You've heard those statistics,
95% of small businesses fail in the first five years.
Right? Some people say 96%.
The five percent that survives,
it doesn't mean they're like thriving,
they're just surviving.
And big majority of that five percent,
most of them don't make it.
So you have to understand what you're getting yourself into.
Here's what entrepreneurship is.
It's not like this.
Imagine you are flying somewhere,
and you walked up to the gate
and the flight attendant is telling you,
Hey, you know what?
You wanna go somewhere to see all those pieces,
machines and wheels on the runway?
Thousands and thousands and thousands of pieces.
You put it together.
On your own.
Piece by piece. Piece by piece.
Hopefully by the end of this,
I donno how long this is gonna take you,
I'm not gonna give you a blueprint,
you're gonna have to figure this all out on your own.
It might take you six months.
It might take you a year.
It might take you five years.
To put it all together and then you fly and see
and hope you'll get to your destination.
If you don't, you crash and burn and you die financially.
That's entrepreneurship.
That's the bad news.
That's the truth.
The good news is,
you don't necessarily have to be an entrepreneur
to be successful.
I have a lot of wealthy friends.
And yes, a lot of them are entrepreneurs,
they have their own companies and businesses,
but also a lot of them, they are not entrepreneurs.
They've never started their own businesses.
All they have done is, they've done in assests,
that they offered the market place in exchange of money.
They earned high income,
and instead of blowing that money,
they manage their money well,
they keep their money,
they invest that money wisely.
Through time comes high interest,
they become quite wealthy, worth millions of dollars or
even tens of millions of dollars.
But, they've never been entrepreneurs in their life,
and that's perfectly fine.
Not everyone in their life is going to be a NBA player.
Not everyone is going to be a successful entrepreneur.
It is a skillset that is not for everyone.
I know you're watching this going, oh, I'm the exception,
that I can do this, but maybe you could,
and maybe that's what you wanna do, and that's fine.
But knowing that your failure rate,
with a chance of you not making it is very very very high
and the time that you think it will take you to just make it
time it by three, five or ten.
If you think you're gonna make it in one year,
think five to ten years.
The most successful entrepreneurs that I know,
they didn't succeed in years, they succeeded in ten.
It took them a decade to be successful
and most don't make it.
Most do not make it.
- [Johnny] Johnny here, and today I am celebrating
my wins
that I've made
five sales yesterday
for a total of maybe 2000 dollars of sales
is what I made in just one day.
I am so so so grateful for the learnings
and the people around me.
- [Chinese Male] So just making this video because,
like ten minutes ago I submitted my job form,
and that puts me over a 100k closed,
(excitement)
Leadership is closing,
so as a business owner you have to be a leader,
so that lesson is closing as well, you get the correlation,
but when you work with business owners,
when you close for them,
now your thinking,
like if you're thinking as a business owner,
I just think closer,
then you take the business more seriously
and also when you close,
you close as if their business was yours.
- [Vasco] Hey! Hey! Hey!
What's going on everybody?
Vasco here from season 10.
So, it's pretty late right now and I just came from the gym,
but I still wanted to make this video because I closed.
I had my very first boom today.
1.5k in the bank for my influencer.
All right man, so I am super happy today.
Just believe in yourself,
do what Sevu is teaching,
because this show works,
and it's worked for me and it's only the beginning
and we'll keep going,
just going harder than it already is
growing even more.
I'm happy today.
I'm happy ever since I started HTC.
- [Danlok] Now, you may be thinking that
what are some of the skills I'm talking about?
I've done a lot of videos on this already,
you can click here and check those videos out.
For now, I've done so many videos on my YouTube channel
that talks about this.
Go and check out some of the other videos,
you may click on the link, click on the playlist.
And if this is the first time you're watching my video,
make sure you subscribe and turn on the notification.
I upload a video every single day,
on entrepreneurship, on sales, on wealth building,
on success and investing.
Go ahead and click, and I'll see you next week.