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The Daily Motivation

Chris Camillo: Why Building Your Own Business May Be Your Biggest Mistake

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8893 Ratings

🗓️ 21 May 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

Chris Camillo reveals why 75% of startups fail and shares how everyday investors can profit from visionary founders without sacrificing their lives. His candid insights challenge the glorified entrepreneurial narrative, offering a smarter path to financial success.

Transcript

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0:00.0

I have a brand new book called Make Money Easy. And if you're looking to create more financial freedom

0:06.8

in your life, you want abundance in your life and you want to stop making money hard in your life,

0:12.4

but you want to make it easier. You want to make it flow. You want to feel abundant.

0:16.3

Then make sure to go to make money easybook.com right now and get yourself a copy. I really think this is going

0:24.8

to help you transform your relationship with money this moment moving forward. We have some big

0:30.8

guests and content coming up. Make sure you're following and stay tuned to this episode of the

0:36.9

Daily Motivation Show.

0:38.6

Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:48.7

I would say for most people, it's insane to go out and start your own company ever. And I've done it. I've done it

0:55.8

multiple times. Why is it insane to start your own company? Because you're almost definitely going

1:00.2

to fail. Like when I said 75%, that's 75% of my portfolio that were deeply vetted and I'm

1:07.6

pretty good at doing what I do. Almost all companies will just fail.

1:12.6

If you go to start a company, it's almost definitely you're going to fail.

1:17.6

Even the ones that succeed maybe aren't making a lot of money.

1:20.6

It's just getting by, it's breaking even, it's like 5%, you know, it's not making a ton where you're getting rich. There are a near infinite number of ways for a founder to fail.

1:31.6

Okay, no, put that aside.

1:33.8

Okay.

1:35.7

Being an investor, like just generally being an investor, right?

1:39.5

Investing in stocks, investing in the market.

1:43.4

This is what's so wild.

1:45.8

You could actually go out and invest in the smartest people in the world.

1:51.9

Like, you could just be like, by the way, complete psychopaths.

...

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