This channel is a hidden gem
Most rich people in your neighborhood are traditional bussiness owners But most rich people in your magazines are startup founders
Small Business - Is valued traditionally on what it has, products or services contracts and actual clients. Startup - Is valued on potential(Think Theranos). This is all smoke and mirrors, my advice is build your idea and just go on getting clients/customers. Don't be concerned whether your starting a business or startup, just do be concerned about translating your idea to actual money on a sustainable model. You're not Facebook, don't spend your energy trying to be the next big thing. Just be the thing, then be big.
Hello Caya Greetings from Ghana here🇬🇭 Been following your content for a few months now and want to say I really appreciate the value you give out here. Big ups👍
This has got to be one of this single most understandable and well explained comparisons of the two types of businesses. Fantastic articulation. Small businesses need to know this so they don’t unknowingly venture into the realm of venture capital raising and its headaches, unprepared with the huge expectations from investors. Small business need to know the great freedom and enjoyment of not taking on investors. There is joy in not always having your creation be a Shark Tank story. Thank you!
the quality of the content this guys bring is insane
Im in the process of starting(or more accurately re-starting) a small business which I tried to start once and due to personal issues(namely a nasty break up with my then girlfriend and business partner and subsequent deep depression), never got off the ground. Right now, Im watching and reading all the info that could possibly help me. So thanks from a new subscriber
The content here is University level. Totally in love and will definitely sign up when I'm ready for presentation.
I find this guy annoying for some reason, but he’s the only one who made the content I was looking for. I appreciate that.
You talk like an honest guy giving genuine advice. Now I understand that this is part of your business but I believe that your business model is and videos are pretty well designed for people to connect to your company. In other words, a startup telling other startups what to do. Kindof what motivational speakers do. Make money by giving advice to others on how to succeed. I think it is one of most robust business models out there because there is such a low % of people or companies who actually succeed. So you can never run out of customers and never get outdated!
We have a business fair event in school where we have to put up a real business inside the campus with the students as our market. My team and I decided to put a vending machine business. We had a hard time choosing what kind on machine to use. Since one of my team members owns a massage chair, we decided to put up that one. And wow!!!! We are amazed with the result. A lot of students try it out and they liked it.
The vending industry is an old line established industry. It is rapidly evolving. I worked for a non food vending machine – a massage chair. So far my profits are increasing monthly. I’m glad I decided to start this kind of business. If you want to earn fast and easy, try a vending machine business. It works for me. No need for other additional cost.
The terminology I hear the most often to define the difference in types of startups you are referring to is: scale ventures (what you called startups) and lifestyle businesses (small businesses).
0:10 - '"or get acquired for insane amount of money" The example you guys took got acquired for $27 Billion. Keep up the good work !!
As a startup/SME legal adviser j can totally relate to this. Thank you for sharing this.
I finally got the YouTube channel I have been searching for all my life 👍😁💪
Reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any way or any pointers on how to make substantial progress in earning I would really appreciate.
Dude - what you did, IS a FANTASTIC achievement and WAY more people should be starting businesses vs being obsessed with vc funded route - so many people are misled by the techcrunch type of hype of the vc funded approach - and way too many get absolutely nowhere where they would much more likely succeed with the profitable business approach. Building on Bedrock by Derek Lidow is a great book about this (and I am not affiliated :)
Thank you for giving the good information.Most company in my country always introduce as start up.Now I understand that they are small business
@grapplerke