How To Get Money To Start A Business

How To Get Money To Start A Business


– Almost every fucking
day, I get private message on Facebook, e-mail, or Instagram DM, someone asking me, like no joke, Dan, can you lend me $5,000? Dan, can you loan me $10,000? I’m gonna pay you back, I
need to start this business. Or, you know, can you, it’s
almost sometimes a handout. (swanky music) Now here’s the thing: Just because someone is successful, they are not obligated to help you if you don’t even fucking help yourself. By just looking at the request, I know the level that you are at. First of all, clearly, you have not studied my fucking work. Maybe you saw one post of mine then you submit a request, Dan
give me some fucking money. Here’s the thing, if you study my work, you know I’m all about adding value before you ask anything in return. So its shows me you have
not studied any of my work, no wonder you’re fucking broke. Second is, you don’t
approach a successful people asking for something. You approach a successful
person adding value, giving them something first before you ask anything in return. And third is if you have no money, just think about if I’m
betting on horse-racing. You as a jockey, as
entrepreneur, you suck. Because you never done this before. The horse, your business,
your idea, probably sucks too. If I was to bet on a horse,
why would I bet on you when I am getting approached by winning, award-winning jockey with a track-record,
with a kick-ass horse, and I turn down 99% of
those opportunities. Then why, I don’t even fucking know you. Why would I give you money? So it your fault. So let me give you some
strategies, actually, four ways that you can find money to fund your business, okay? Number one, you can find money, the first group of people to
go to is what I call sharks. Yes, sharks, they are
the people on Shark Tank. They are the venture
capitalists in the world. They are the professional
investors in the world. Chances are, maybe many years ago, they started just like you, like myself. They were entrepreneurs and
now they’re made of money, they have a pool of money, and they’re looking for
wise, smart investments, experienced entrepreneurs to invest in. So they’re sharks. Now there’s a reason why
they’re called sharks. Chances are they want to make more money. They want to put their capital to work. And they only usually invest
in proven investments. They bet on prove award-winning
horses or jockeys. They don’t best on idea, they don’t bet on pie-in-the-sky kind of bullshit. And that’s why you see on these shows, that people say, I’ve got this widget, I’ve got this idea, I’m very
passionate, so fucking what? You have idea how to win the race. You don’t know, you
have no business skills. You have no business acumen. The fact that you have none is the fact that you need five, 10,000
to grow in business. Believe it or not, that
tells people a lot. So, sharks, when you’re
dealing with sharks, knowing that probably, you
could get money from them, even if you could manage to convince them, however, you will need to be prepared to give a good chunk of the company. Because they’re risking
their money on you. And usually sharks also have, chances are they have a lot of experience in business. They may ask for a big
piece of your business. So sharks, dealing with sharks. Second, and chances are if
you’re watching this video, 99.9% of the people watching this video, you’re not gonna get money
from venture capital, you’re just not there yet. Number two, it’s what I call dolphins. So the dolphins, they are
the financial institutions, they are the banks, they
are the credit union, they are institutions
where you can borrow money. And banks, you can say banks, the problem with banks
is you go to the bank and remember I was trying
to, many many years ago, even trying to get a line
of credit for $2,000. $2,000, a line of credit! They wouldn’t give it to me. They just wouldn’t give it to me. And now, my fucking bank
is calling me all the time, hey Dan, do you need money,
I can loan you some money. Do you need a mortgage? Do you need more line of
credit, another credit card? You need more financing for your deal? I said I don’t need money. No, but you might, if you
need, let me give you a call. Here’s how usually banks work. They loan you money
when you don’t need it. That’s right, they loan
you money, dolphins, they loan you money
when you don’t need it. They don’t loan you
money when you need it. They don’t loan you money
when things go into shit. They don’t do that, because again, bankers, dolphins, they
are very conservative. Now although you may think dolphins are kinda nice animals,
and they’re kinda nice, but don’t be fooled by that, okay? Dolphins can also bite your head off. Their teeth are just as sharp as a shark. So don’t be like, I’m dealing
with dolphins, they’re nice. No, they are, they make
their money, dolphins, on the interest, right,
the money they loan you. They’re a money lending business. They want to protect
investments, no different. So time and place, there’s a
time and place for dolphins. And chances are, maybe, if you’re starting from scratch, you’re starting, you are, this is your first couple businesses, you don’t have a track
record, very difficult for you to borrow money from dolphins. Third is what I call fish. Fish is your family and friends. Right, your relatives, your brothers, your sisters, your mum and dad. Your vendors, your suppliers, chances are, not to put you down, those are the people who are dumb enough to loan you money. They will be dumb enough
and say, hey, you know what, you’re a good guy, you’re a good girl, you’re hard-working, I believe in you. Knowing that you’re
probably gonna lose it, but you know what, I’m betting on you because of the relationship. Not because of your track record, not because you’re skilled, but because relationships, you know what, here’s $5,000, here’s $10,000,
I would invest in you. Chances are, I remember I borrowed money from my uncle to start my business, I lost all his money,
he was a fish, right? So I’ve done all of that, but the best way to find money to fund your business, that I believe, that I’ve
used my entire career is you get the money from your customers. You get the money from your customers. How do you get some money? You go out and you sell some shit. You get some sales, it is
the easiest way to get it. You don’t come to me and say, hey Dan, give me ten grand, good luck. What can you do for me? Offer your service, offer your
skill, offer your expertise. You make the money, show
me you can make money. Show me that you can add value. Go to your customers, my whole life, yes I have done business with dolphins, I’ve done business with sharks, but ideally, go to your customers. Sell something; let’s say
you’re a digital marketer. You wanna start a digital
marketing business, you wanna help people do,
I dunno, graphic design. You don’t need a lot of
money, you don’t need to borrow a ton of money,
print business cards, create all this fancy
shit, go sell something. Get your first client,
that’s how you get the money. There you go, you get the money from your customers, make that sale. Oh but Dan, I don’t know how to sell. That’s why you don’t have money. So you have, you don’t
have money, you don’t know how to make a sale, what makes you think you would know how to sell
when I give you more money? When you get more money? It makes no sense, right,
so if you don’t know how to swim in a swimming
pool, what makes you think you know how to swim in a lake? What makes you think you
know how to swim in an ocean? You’d be drowned, you’d be dead. You can’t even fucking,
do the fucking little kick in the swimming pool, you can’t even float in a fucking, you know, the top. Jesus Christ, right, that’s
what I’m talking about. Also, you can also get money from your customers in many other ways. Maybe it’s paid in advanced,
get them to pay in advance before you even make the damn thing. Like a Kickstarter, you have an idea, you’re gonna pitch it, you’re gonna get it out in the marketplace, and you’ll see if people likes it. Have your customer fund your business. It’s the best because
there’s an invested interest. Or even a subscription model. Have them pay on a monthly basis, which is, I love that model, paid events, subscription, Kickstarter,
all of those ways you can your customer funds your business. And you get that going first. And you prove your model. Once you have a proven
model, then you can take it to the dolphins or even the fish, and say you know what, I’ve
got a good thing going on. I’ve done as much as I
could with my ability. I’ve got it to this point. But now I’ve got the proven
thing, I want to scale. Now when you talk to the sharks, when you talk to the dolphins, they’re more likely to listen to you and say, hey, you know what, hmmm. You’ve got a good thing going on. You’ve already got revenue, they love to see, before they even
make the damn thing, you’re making money, before
you even do anything, you’ve got reoccurring
coming in every single month. Hey, this guy, not so bad after all. Maybe he’s a decent entrepreneur, maybe he’s got half a brain. Maybe let’s bet on this guy. That’s what I’m talking
about, that how you– It’s never about the money. Money goes to the people
who don’t need it. Money goes to the people
who know how to multiply. It is not lack of money, it’s lack of, it’s your, it’s you lacking of
the ability to attract money. I’ll say that again, it’s
not about lack of money. There’s so much money out there. Banks, investors, they are flooded with cash, they want to
put their money out there, because every single bit of money that’s sitting in a
bank, they’re not putting to work, it’s costing them money. They want to invest in good deals and good entrepreneurs, but the problem is they’re so few of them out there. There’re so few of them out there. When you approach them, when
you have the right mindset, the right skill, they
would fund your deal. Your customers would fund your deal. This just makes sense, comment below. So don’t be telling me,
I don’t have the money to expand my business,
I don’t have the money to start a business, because
you’re a lousy business person, that’s why, so think about that.

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About the Author: Oren Garnes

70 Comments

  1. Enjoyed the video? Subscribe, Give it a Thumbs Up and Comment Below.
    (I actually read EVERY single legit comment from my loyal fans)

    Don't like the video? If you would be so kind as to
    FUCK OFF, it would be very much appreciated.
    You don't have to watch any of My videos.

  2. The moral of the story? DO FOR SELF! It works! 😁 Plus if you watch Shark Tank they want to know "what're your sales?" Some of them have such impressive sales I wonder what the hell are you doing on Shark Tank taking all of those insults? 😆 Just keep grinding and do it yourself!

  3. Lutherangrants/org just helped me and my family out with a grant .They sent me $44,000 just yesterday .

  4. Thank you! I am getting it from my customers! You are so right, banks completely blew me off. That's ok, I will get my money myself. Most people don't want to work that's their major issue. I appreciate you not sugar coating it. Most people live on a diet of sugar coated 🐮💩!

  5. He will not give you fish for a day , he will teach you how to cought a fish so you can eat everyday . Thanks Dan 💡

  6. Absolutely spot on!! My money comes from my clients, not financing. I will say one thing, adding value first is a tactic I learned early on, I got burned many times doing that. They take what you have, then never buy shit. DO NOT be afraid to ask for the money. If they are not willing to pay for your services up front (at least 50%), then most likely they have no intention on paying you at all. That has been my experience. Cheap bastards will make you broke.

  7. Thanks good advice I will work on getting the customer to fund my business. I appreciate you man. Thanks a lot.

  8. thank you so much for your videos. They have help me, see how to get my business started. thank you!!!!

  9. Yes man, you are right
    1. Get the skillset
    2. Sell it to make as much money as you can.
    3. Get expert at it with time.
    4. Make it bigger with the help of lenders

  10. Thanks for the tip about "kickstarter". I'm getting it started right now!!😁😁 A big hello from Belgium 🤗🙋‍♀️

  11. I'm actually shocked that people would have the front to ask Dan for money wow. I find it very hard to approach people that are close to me for money let alone a stranger

  12. Hey Dan, love your vids…i saved $5000 to start my first business…What is the smartest way to start?

  13. Well to be honest with you am totally convinced and i agree with you with every word you said and thank you so much for all lessons that you gave it to me i really appreciate that and i guess only smart people who can understand you and use your words to make it money

  14. Hi Dan, I'm contractor in M'sia. Do u have any building business in M'sia? If do please let me know so that I can deal business with u. Thank you Dan

  15. Got my first customer two days ago, closed him for 1,000 Euros. You need to get out of your comfort zone, go, if you fail look at what you failed at, work on that. Failing is good you learn from it. Dan thanks for your advise!

  16. Sir, My name is Hashim Mahmood. What do you say about investing in Crypto Currencies? Trading crypto currencies or buying a staking plan as a passive income? please enlighten all of us. Thanks You are Great!

  17. I love how you go into strategies. Even if they would watch just 1 other video they would know. “You don’t need money, you need a better strategy.” Dan Lok. If you can’t make money without money then you cannot make money with money.

    Also nowadays they have “Print on demand” it’s free to start. Just takes some time to set up. I did it on today when I am home sick with a cold.

    Get a f&@& job. 😂

    I have been taking notes.

    I don’t want someone to give me a fish so I can eat for a day. Teach me to fish so I can eat for a lifetime.

    Knowledge = $$$ and with these videos you are giving everyone some. Just have to apply what you are learning.

  18. Yeah I totally agree!!
    Your tips work out perfect for me, posting all on @L.u.a.a.i on instagram.
    Thank you 😃

  19. "If you motivate idiot, he will be motivated idiot". The good thing about Dan lok is he never ever motivate anyone, he teach us✌…

  20. I’m going to test the waters with something simple that I can make at home with mostly skills and a little bit of money

  21. First time viewer definitely subscribing, definitely studying your work and/or methods. Because what you say sir makes sense.

  22. This is the third tine that I am watching this video. It is one of your best videos. Today I watched it with a friend who was taken spell bound. He immediately became your fan and shouted,"This guy Dan is a fucking genius. We both are starting fund raising for our business from today itself from the future customers of our services. Millions of thanks to you for the advice in this video. Our life has improved with your thought provoking video.
    B. B. Sharma
    INDIA.

  23. I would never give or loan someone money. How can you expect this from a person, even if this person is successful? It's respectless and shows that you are a low human being who tries to benefit from others without giving anything in return. if you want some money, get the money from your customers.

  24. This is not to take away from anything Dan is saying. (I am still a student as well). I work in the Financial Industry. There is one option, that was not mentioned!
    First off, Banks DO NOT LEND TO START-UPS!!!!!. When you are starting out, banks will lend to you as an individual (personal loan), but not to your Business (great idea!), UNLESS you have ALL three of these: GOOD CREDIT, CASH FLOW, and COLLATERAL, and still it's going on your personal credit.
    Here's the play! Use your money (if you worked for it, begged or borrowed) Incorporate FIRST, build out the Credit Profile of that Business and within 6 months the business can fund itself. You can do this without using any of your own personal credit, not to mention, when you (lend) your company money to build the vendor tradelines, you can get your money back after the business is profitable. You can do this with poor credit, no credit or borrowed credit.

    If you'd like to know more, drop me a line.

    Caleb-Lamar Rodriguez

  25. This is the sixth time I am watching this video and I am getting enlightened and inspired.This single advice has significantly improved my life. This video should be watched by all youngsters. In fact it would be better if this video is made a compulsory part of MBA curriculum all over the world.
    B. B. Sharma
    INDIA.

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