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DarrenDaily On-Demand

How to Gain an Edge [3/5]

DarrenDaily On-Demand

Darren Hardy LLC

Entrepreneurship, Careers, Business

4.91.8K Ratings

🗓️ 8 April 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

In part three of this special mini-series on how to gain an edge and radically accelerate your success, Darren shares the third strategy. Plus, he reveals the three things you need to do when implementing this strategy in your life and business.

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Transcript

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0:00.0

Welcome to Daring Daily On Demand, your most trusted resource to help you become better

0:06.3

every day.

0:07.3

Here's your success mentor, Daring Hardy.

0:10.3

Hello and welcome back.

0:14.7

We are in the midst of a special, many series titled, How to Gain an Edge.

0:18.7

Five strategies that will help you stand up from the crowd and radically accelerate your

0:22.1

success.

0:23.1

Okay, the third strategy to gain an edge is to master your cash.

0:28.7

You see, growth requires cash and lots of it.

0:32.3

And usually with a chasm between the amount you've got to put out and the time before

0:36.4

it comes back in.

0:37.9

You want to do three things here and you might want to write these down.

0:40.9

Number one, have way more cash on hand than you think you will need.

0:45.2

The best time to borrow money is when you don't need it.

0:50.2

Always take on more capital.

0:51.8

Open additional lines of credit.

0:53.9

More than you think you will ever need, particularly when you don't need it.

0:58.1

It's kind of like a squirrel stockpiling nuts during the summer.

1:01.4

By the time winter comes, it's too late.

1:04.1

The calculus to use, it's just like building a house or remodeling one if you've ever

1:07.8

done that.

1:08.8

Take the amount of time that you think it will take, right?

...

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