Avoid These 8 Costly Business Mistakes

8 of the biggest mistakes I made when starting my businesses. If you're in your 20's or starting a company, make sure you avoid this problems!

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[CityStays]

James, thank you for this.

I have been watching you for some time, I believe you are the most undervalued channel I have seen on YouTube.

I am 22 years old, I have recently set-up my own property company, I am training to be a lawyer.

Business excites me, building teams, companies, and problem solving excites me. My goal is to build a group of companies worth £100MM before I die.

To have someone like you, who has been there and done it, is invaluable. Thank you.

[derekbarnes]

Definition of a business consultant: they come and assess your business, tell you things that you already know but are afraid to admit, then charge you a fortune for the privilege

[Professional_Youtube_Commenter]

need to get me some of that eductation, sounds like i need it.

[nicke]

Ha, ha you’re so right about so called “Professional” advisors 😂😂😂

[nicksheps]

Hi James. Im English, moved to Sydney and set up a recruitment business over there. 9 staff now - nervous but also exciting as my payroll is getting higher. Not really profitable yet but i'll get there. Love your videos! Really add a lot of value - thank you.

[Rufan-yyrn]

When I try to tell 'potential entrepreneurs' about the vicissitudes of the open market, they usually don't want to know, they just want to live in their fantasies and the market eats them alive.

[MrJeffHead]

It'd be great to do a video on your training business like you have on your other businesses. Profit margins, EBITDA, how you plan to maximize customer spend etc.

[claytonphillips]

content is gold. after watching 3 videos i still cant find something i disagree with. you are sharing what many call 'expensive knowledge'

[LetsJustBuildIt]

I am 34 and run several businesses. I do agree with alot of your advice. I have a construction business but in a niche. High turnover low margin. Key person issues that I am working on. I also do property development.There are many challenges in business

[Mrhaydentv]

Great video James. Since chatting with you on the podcast I’ve added £20, 000 a month onto my biz monthly revenue + am in the process of hiring a Uk staff member to take over the daily running of the biz! All the best!

[ashleybarker]

I'm only having a joke, but eductation at 6:38 made me laugh. Keep up the good work

[GlitchVR]

I think the button icons need to be a big bigger in the thumbnail also to make it more clicky - love chatting thumbnails!

[paulfri]

Good point 👉 Ego is a business killer is what someone told me once..

[ionelakonyardi]

Outstanding advice James, I love watching your videos

[lauram]

Thanks James for sharing these tips, so true and helpful🎉

[LillyMM]

Any ideas on how to make the money to start these businesses?

[fredmercury]

So if I think bigger I can buy a multi-million pound hotel instead of a two-bed house? I don't think it works like that but I guess if this guy is rich, he must be right.

[marklewis]

Good video James, I'm waiting to see 1 on the purchase of the hotel though!

[vivekshivdasani]

One of the most stupid and dangerous advice I keep hearing from accountants and finance professionals is recommending an investment because it has AAA rating.

[SerMattzio]

Great channel, glad it was recommended to me. Thanks for the advice.