Don’t Start A Business During The COVID-19 Crisis Until You Listen to This…
Dan Lok Show
Dan Lok
4.9 • 824 Ratings
🗓️ 2 October 2020
⏱️ 8 minutes
🧾️ Download transcript
Summary
Do you want to start a business? Do you think you have everything it takes? Don’t start a business during the COVID-19 crisis until you watch this. The truth is, entrepreneurship isn’t sexy. It’s tough. Watch the video as Dan Lok gives you questions you should answer BEFORE you start a business.
Transcript
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| 0:00.0 | What would be your advice to those trying to start their business amidst the ongoing crisis? |
| 0:18.9 | What I'm about to share with you literally cost me tens of millions of dollars to learn. |
| 0:24.6 | And here's the lesson that you want to be optimistic when it comes to your vision, |
| 0:29.6 | but you want to be pessimistic when it comes to your business model. |
| 0:34.6 | What do I mean by that? |
| 0:35.6 | When it comes to your vision where you want to be, where you want to go, |
| 0:38.8 | where you see yourself, you want to be optimistic, that knowing that you're going to get there, |
| 0:43.7 | that you're going to be okay, that you have the confidence within yourself that you're going to accomplish |
| 0:48.8 | those goals. That is good. But when it comes to your business model, you want to be pessimistic. |
| 0:54.8 | You want to challenge your own assumptions. |
| 0:57.8 | You want to figure out the ways that this thing won't work. |
| 1:02.0 | You don't want to be overly optimistic |
| 1:04.0 | when it comes to your business model. |
| 1:06.5 | It's a saying that a smart person learns |
| 1:09.3 | from his own mistakes, but a truly wise person learns |
| 1:13.1 | from the mistakes of others. Most business owners, entrepreneurs, they get into business, |
| 1:18.4 | like yourself, you want to start a business, maybe during COVID-19, but without proper skills |
| 1:24.7 | and proper training. Example, let's say you share an idea with me, right? |
| 1:29.3 | You have an idea you want to do something. |
| 1:31.3 | The first question I have for you is, |
| 1:33.3 | what qualifies you to execute this idea? |
| 1:36.3 | Why you? Why now? |
... |
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