Brutally Honest Advice From Broke Entrepreneurs (Who Lost Everything)

I am a lifelong student of business and after interviewing over 500 successful entrepreneurs on my podcast, what I’ve found Most Fascinating is not their successes but their failures.

And we can learn from their mistakes. In this video, I’m going to review 10 of my favorite life and business lessons that I’ve learned from entrepreneurs who have gone broke.

0:00 Intro
0:58 Lesson #1
3:04 Lesson #2
4:19 Lesson #3
5:36 Lesson #4
6:31 Lesson #5
7:38 Lesson #6
9:27 Lesson #7
10:12 Lesson #8

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[AlMansurpictures]

Thanks Steve, 5 months ago it's happened to me and now I'm still trying to get back on my feet.

[stevenreid_youtube]

That's a comprehensive summary of lessons from entrepreneurs who faced bankruptcy. It's true, learning from failures can sometimes be more valuable than learning from success stories. Each lesson you've outlined is essential, from understanding the dangers of leverage to being cautious of following anyone's business advice blindly. It's all about finding the balance between ambition and risk management. Thanks for sharing!

[jefferyjjensen]

The moral of the Aesop fable of the goose that lays golden eggs, is greed doth lead to need, which pairs well with your tip#4

[oahts]

Nice clear speaking. Solid advice. Subscribe!

[raynoldj]

Hi Steve, I'm from Malaysia. Can someone from another country sell in the US? Do you teach this in your ecommerce store? There are probably lots of documentation needed for this...

[EricPetersen]

If your not willing to go broke, your not ready to get rich.

I’ve done both.

Playing is safe all the time = job. Which never works out, other than security. Security and making millions are 2 very different things. Let me be clear NNN millions, not gross sales.

Good video

[arulannad]

ANY CHANCE TO HAVE CALL WITH YOU AS A MENTOR ON AMAZON FBA IN US ..I AM PREP ALL BASIC STUFF BUT I NEED THIS SUPPORT AM NOT A BIG POCKET BUT I AM INTERESTED TO TAKEUP THIS PL ADVICE