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  • - Here's what no one tells you about being your own boss.

  • Research shows 90% of the small businesses fail

  • in the first five years.

  • Some say 95% of them fail.

  • And whatever is left of 5%,

  • that 95% of those businesses will fail

  • after their five years.

  • Now, whatever the percentage is, it is a high failure rate.

  • I truly believe most entrepreneurs fail

  • or most businesses fail because they don't understand

  • what I'm sharing with you.

  • You see, when you're working for others,

  • when you're working at a job, you're working for a company,

  • you're working for a corporation, you're working for others.

  • And the truth is you're not really working for others.

  • The ones are working for others,

  • who have a job, you're actually working for yourself.

  • Let me explain.

  • Because when you're working for others

  • you don't need to worry a whole lot.

  • What you're focusing on is what you're getting paid,

  • your paycheck.

  • You're getting paid once a week,

  • once every two weeks, once a month.

  • You're working for yourself.

  • You wanna get that paycheck so you can pay for your house,

  • your mortgage, your car payment, the vacation,

  • you want that vacation paid,

  • or you want to increase your earning per hour

  • of getting, you know, 12, 13 bucks. You're getting a dollar more,

  • two dollars more, right?

  • You want the bonus at the end of the year

  • or you want that pay raise.

  • It's all, notice, me me me me me me me.

  • So when you're working for others

  • you have a job working for a boss,

  • you're actually working for yourself,

  • because for most employees they don't think very far.

  • Right now in Vancouver, there are some, a lot of different

  • protests that are happening.

  • People say, "I want better benefit, I want pay raise."

  • And all these things, it's all me me me me me.

  • Nothing wrong with that, that's an employee mentality.

  • When you're working for yourself,

  • starting your own business, being your own boss,

  • running a company.

  • When you're working for yourself,

  • here's the truth that no one tells you.

  • You're actually working for others.

  • Because you look at your income statement,

  • you look at your balance sheet.

  • Now I know I have a lot of entrepreneurs who follow me.

  • So comment below, tell people this truth.

  • You get paid last.

  • Everybody else gets paid before you get paid.

  • And in some cases you don't get paid for many many years.

  • You work, when you're working for yourself,

  • running a company, acting as entrepreneur,

  • being entrepreneur, you're actually working for others.

  • You're working for society.

  • You're working for your vendors.

  • You're working for the bank if you have bank loans.

  • You're working for thousands,

  • tens of thousands of customers.

  • Instead of having one boss

  • you now have thousands and thousands

  • and thousands of bosses.

  • It's a very very different thing.

  • And you eat last.

  • You eat last.

  • Because you pay everybody else,

  • you pay employees, you pay your team, you pay the lease,

  • all the expenses, all the overhead,

  • if, whatever is left, you get paid a little bit.

  • And chances are when you're working for yourself,

  • you're own boss, you know, take that money and what?

  • Re-invest back into your business.

  • That's the reality.

  • So a lot of people that go into entrepreneurship

  • with the wrong mentality and say, oh I want freedom.

  • I wanna be able do whatever I want.

  • I wanna be able to serve myself.

  • I wanna be able to do all these things.

  • Well guess what, it is the opposite of that.

  • When you're an entrepreneur, a true entrepreneur,

  • when you're successful entrepreneur

  • you have a lot of responsibilities.

  • You're responsible for your team,

  • you're responsible for your customers,

  • you're responsible for your vendors.

  • If you're a public company you're responsible

  • for your shareholders.

  • This is why entrepreneurs get paid a lot of money.

  • Because when you're working for yourself

  • you're actually working for others,

  • you have a job.

  • it's instant gratification.

  • When you are running your business

  • it's delayed gratification.

  • In some cases you won't get paid for many many many years.

  • As an entrepreneur you understand, myself I understand.

  • I don't mind eating last as long as I'm eating most.

  • And that's what entrepreneurship is all about.

  • So if you go in entrepreneurship thinking,

  • I wanna get paid in a month,

  • I wanna get paid in three months,

  • I wanna get paid in six months,

  • I wanna get paid in one year, not gonna happen.

  • You notice most successful entrepreneurs,

  • even the ones that are good, the one you look up to,

  • the one you admire, took years, in some cases decades.

  • They worked hard for decades, 10 years or more,

  • without whole lot of success, a lot of sacrifice

  • in terms of effort, time, family, everything

  • until they hit that tipping point.

  • Then their career takes off.

  • That's what people don't see.

  • And then finally, they can reward themselves

  • because they've been waiting for a long long time.

  • As a good entrepreneur,

  • we are not thinking next month, next week, next day.

  • We're thinking one year, two years, three years, five years,

  • 10 years, 20 years.

  • What are we building, and be able to put everything

  • on the line and take that risk?

  • That's the truth of entrepreneurship

  • that no one talks about.

  • So you have to ask yourself,

  • do you have what it takes?

  • - Before the program started I went through all the videos

  • and the material and I tried to practice

  • and incorporate it and internalize the teachings

  • before the training started.

  • It's been immensely helpful.

  • The past 5.5, six weeks, I closed $6500 in sales.

  • Now this is service I will have to provide,

  • but what was different this time around than before

  • is that opportunities seems to be coming

  • or maybe I recognize opportunities more.

  • I was able to take advantage of it.

  • Thank you Sifu Dan for your training,

  • for the knowledge.

  • And I look forward to really getting to the training itself.

  • - And it was my first month of graduation, graduation sorry.

  • And now it's my second month.

  • So it's my second milestone and this is my second video

  • and I can tell you $47,000 in the bank.

  • And I was closed $3225 United State dollars, boom,

  • in the bank account.

  • Remember guys, you are closer than you think.

  • - Truly what it takes to be your own boss,

  • always it's just a cool fucking thing to hear.

  • You see other people on Instagram, oh I'm my own boss.

  • I am an entrepreneur.

  • I am a lifestyle entrepreneur, whatever that is.

  • People don't get it.

  • And I see all these young guys, that's why they fail.

  • Now if you wanna know what type of entrepreneur

  • you should be and what kind of path you should take

  • click the link here.

  • I've created a special personalized test.

  • They'll give you some clarity of what area

  • you need to focus on and where should you start.

  • There's so many different types of business models

  • and which one is ideal for you.

  • Just because a model that works for somebody else

  • doesn't mean it'll work for you.

  • You need to find what works for you.

  • You need to find out what your strengths are,

  • and you wanna build your business

  • around your personality and your strengths.

  • That's the key.

  • Don't try to be somebody else.

  • Be you, but be the best version of you.