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.

And that's how you succeed long-term.

So check that out.