How to know when you are ready to start a business?

Well, the truth is you are never ready,

because whatever you think it takes, you think it's gonna to take this much time, it's going to take this much time. You think it's going to be like this difficult, it's going to be this difficult. So you're never quite ready to start a business. So in fact, I talked about this in another video that the worst time to start a business is when you are desperate.

The worst time to start a business is when you need money.

You shouldn't start a business when you need money desperately.

If anything, you should start a high income skill first

before you start that business.

But let's say that you are ready, mentally, emotionally, as well as financially.

Now you're ready to take that leap of faith. Well, how do you know that you're actually ready?

So here are some of the signs that you should pay attention to that if you meet some of these

criteria, then maybe you are ready to go out there

and build your empire.

Sign number one, you have a clear profit path,

meaning that you have a very clear idea

of how you're gonna make that first sale.

How do you make that first profitable sell? Not just, hey, I've got a good

product. This is my service. This is my widget. Let's go out there and hopefully someone likes it.

No, I mean, in your mind, you are very, very clear about how to get this product out there

in the marketplace where those customers are. Where are they hanging out, how are you going to

convert those leads into customers? You have a very clear idea how you're going to make

that first sell. Not just that first sell, but how are you going to make their sell profitably?

Meaning, let's say you're selling a $1,000 thing, right, your product. And then your cost is $100, right?

...