17 Business Cheat Codes That WIll Make You Rich

The Martell Method w/ Dan Martell

Dan Martell

Business, Entrepreneurship

4.9 • 626 Ratings

🗓️ 25 October 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Building a business is hard. Building a scalable business? That can be a nightmare.

I’m 44 now, and I’ve made all the mistakes.

I chased shiny objects. Picked bad business models. Said “yes” too many times. And let customers run the show.

If you’ve been there, you know the pain.

So, I put together 17 hacks I wish I had known when I was just starting out at 17.

These lessons would’ve saved me years of struggle.

Some are simple. Some took me decades to figure out.

But they’re ALL game-changers.

Here’s what you’ll learn:

IG: @danmartell

X: @danmartell

Transcript

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0:00.0	As a 44 year old entrepreneur, I've learned a lot about building businesses.
0:03.8	So I put together 17 business hacks that I know now at 44 that I wish I knew at 17.
0:09.2	Welcome to the Martel method.
0:10.7	I went from rehab at 17 to building a $100 million empire and being a Wall Street Journal bestselling author.
0:17.1	In this podcast, I'll show you exactly how to build a life and business you don't grow to
0:21.5	hate. And make sure you don't miss anything by subscribing to my newsletter at martel method.com.
0:27.4	Number one, pick the right business model. Most people end up in a business or an industry that
0:32.3	they know because it's, you know, what their parents did or what they learned at school. But if you
0:35.7	were a newspaper person and then
0:37.5	you're trying to sell ads versus getting into TikTok ads, those are completely different worlds.
0:43.0	Even myself, when I started as an entrepreneur, I'm 17, my business model was to make CDs for my friends
0:48.5	at school. So I was burning CDs every night. Not very scalable, not very interesting. And I don't
0:53.4	know about you, but when's the last
0:54.4	time you touched a CD versus enterprise portals and software where I eventually ended up into,
0:59.7	software has literally eaten the world. So choosing the right business model will catapult you just by
1:06.3	making that decision because high tides rise all boats. It's a difference between having a headwin
1:11.5	working against you versus a tailwind pushing you forward. See, most people when they start a business,
1:15.9	they don't even consider what business model they're going to use. So they just do whatever they
1:20.2	learn or they think's easy or they guess their way into business. Whereas a simple Google search,
1:25.3	tap, tap, tap, tap, tap, tap, tap, we'll discover that there are
1:27.8	industries that are growing 40% per year. There's technology that is growing 40% per year. And when you compare a industry, a technology, and a business model that is next level, you will create a slingshot, which leads us to number two, which is just take the money. The other day I was on a hike and there was this young entrepreneur he was asking me for advice and he wants to start a company
1:47.6	and he goes well how us to number two, which is just take the money. The other day I was on a hike and there was this
	...

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