How Entrepreneurs Really Get Rich

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8 • 826 Ratings

🗓️ 14 March 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What do you do as an entrepreneur? Now, before you answer, consider this: how you answer will determine how much revenue your business makes.

So what exactly do you do as an entrepreneur?

If you say something like, “I own a plumbing business. I own a restaurant. I own a flower shop. I own a landscaping business,” then you’re a business owner. What you do is narrowly specific, very focused. In comparison, an entrepreneur makes money by execution and innovative ideas.

Successful entrepreneurs do many things to generate money and revenue. They start companies, grow companies, and sell companies. Someone like Richard Branson with the Virgin brand is in so many verticals: an airline, mobile phone, music, health, aerospace, etc. This is the strategy to getting rich.

Ready to unlock life-long financial confidence and become unstoppable?
Pre Order Unlock it Here
http://www.unlockitbook.com/

Join The Next Free Masterclass By Dan
https://www.highticketcloser.com/masterclass

Show notes and free resources
https://danlokshow.com/

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, this is Dan Lockett.
0:07.0	Welcome.
0:09.0	Dan has been educating and inspiring individuals, entrepreneurs and leaders for decades.
0:18.0	He's helped millions of people to move past the mental barriers that were holding them back
0:24.6	from stepping into their power to become a better version of themselves and live a kick-ass life.
0:32.6	I know this firsthand as I'm Jenny, Dan's wife here's your host Dan Locke what's the
0:42.6	difference between an entrepreneur and a business owner today Dan peels back the
0:47.6	curtains about the key difference you need to succeed as an entrepreneur and
0:52.2	how to generate multiple different streams of revenue from one
0:55.1	business. Now, here's your host, Dan Locke. If you want a whole new way to increase your value
1:03.4	to the world while earning a lot more money in life, go to www.unlocketbook.com and that is www.un-O-C-K-I-T-B-O-O-K.com and get a copy of my new book.
1:21.6	Within Unlocket, you'll discover a set of unique strategies to building personal wealth in ways you have never imagined.
1:29.3	Again, go to www. Unlockitbook.com.
1:33.3	More than 90% of small businesses
1:36.3	never pass the $1 million revenue mark.
1:41.3	Most small businesses make less than million dollars a year. Why is that? How
1:46.6	entrepreneurs actually get rich and make a lot of money? I think first of all, most people
1:52.2	they're confused. They don't know the difference between a business owner and an entrepreneur.
1:58.5	When you ask a business owner, what do they do?
2:01.6	They would usually say something like,
2:03.6	I own a plumbing business, I own a restaurant,
2:06.6	I own a flower shop, I own a landscaping business.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Dan Lok, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dan Lok and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.