meta_pixel
Tapesearch Logo
Log in
Dan Lok Show

Should You Take Out A Loan To Start A Business?

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8826 Ratings

🗓️ 5 March 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

For a lot of entrepreneurs just getting started, they always ask Dan, “Should I take out a loan to start my business, Dan?” If you have been asking the same question, Dan has a short, simple, and guiding answer for you in today’s episode. Listen now to find out if you should take out a loan to start a business.

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.

0:32.8

I know this firsthand as I'm Jenny, Dan's wife.

0:43.5

And here's your host, Dan Loc. For a lot of entrepreneurs,

0:49.0

just getting started, they always ask Dan, should I take out a loan to start my business, Dan?

0:55.7

If you have been asking the same question, Dan has a short, simple, and guiding answer for you in today's episode.

0:59.8

Listen now to find out if you should take out a loan to start a business.

1:02.6

Hi, this is Dan Locke.

1:08.5

I've had the honor of accepting the Two Common Club X award from ClickFunnels.

1:15.2

Only 47 entrepreneurs out of 100,000 business owners ever won that award in the world. What does Two Comic Club X mean? The company who qualifies to win that award

1:22.8

must generate at least $10 million from a single funnel. Not only we accomplish that in less

1:31.4

than eight months from one single funnel from one of our companies, this award only represents

1:38.7

a fraction of what we generate as an organization. If you would like to make this kind of money and have this kind of growth,

1:49.0

then you want to be in Dragon 100.

1:53.0

And this is a level that we have never brought anyone into.

1:58.0

It is done through a true application process. There's an interview process,

2:04.6

not questionnaire, interview. And a member of my team, highly trained, will conduct the interview.

2:12.9

Our goal during that interview is to talk you out of it. Our goal is to talk you out of doing this

2:20.0

because very few people are qualified to do it.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2025.