15 Crucial Things to Know When Starting a Business

What are some things you should know before starting a business?
What are the most important things to know when starting a business?
What are some things you don't know before starting a business?
What are the most important mistakes new entrepreneurs make?
What is a successful business?
How to start a business?
How much money do you need to start a business?
How hard it is to start a business?
What you should know before starting a business?
What is the best way to start a business?
What should you do before starting a business?
When should you quit your job and start a business?
Is starting a business for you?
Do you need money to start a business?
Do you need a mentor to start a business?
What is the best way to start a business?
Why do most businesses fail?
How to keep your business from failing?
How long does it take for a business to be successful?

#alux #business #inspiration

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[kiyarakhan]

I'm 15 and I have decided to start a business . I don't even have a phone of my own . This is my sister's. And I watch all of your videos and yes, one day, I'll be a billionaire.

[lahbibnabil]

My advise to you. 1 don't make any partner especially friend and family cause you can run away from a business but not from your relations.
2 it's always the right time to start a business because most of the other people are lazy to do it
And no need for too much to start. Start slowly and no need to expand keep it always small as much as you can.
3 remove from your life negative friends delete them I am serious.
4 when you will succeed you will only remember the people whom helped you at first.

[tanisha]

I’m 16 and trying to start a food business! Endgame ❤️

[servicioslinguisticos]

I'm feeling a bit nostalgic, Aluxers. When the pandemic started, these videos were crucial to my motivation, focus and drive. In moments of deep financial despair, I would watch the ones on rich versus poor habits and mindset. They gave me hope. A year and a half later, my business is a reality. My client base is expanding, I'm continually acquiring vital skills, and I have 5 employees. If you're feeling like building your own biz is an insurmountable quest, just take it one decision at a time, hour after hour, day by day. I'm in it for the END GAME.

[etienneekpo]

15 Things You Should Know When Starting A Business

1. Talk is cheap
2- An idea isn't worth anything before it yields a result
3- Nobody cares about your business more than you
4- You don't need money to start a business; you are the business in the beginning
5- Be ready to make sacrifices
6- Build smart from the beginning
7. People should free up your time so you can focus on the strengths
(your employee is here to make sure that your engine is running while you focus/hold on the steering wheel getting everyone to the promised land)
8- Fail fast and Adapt quickly
9 - Long-term success depends on your ability to manage your resources
10- The right mentor is worth 10 years of struggles
11. There are no shortcuts to any place worth going
12- Keeping your head down and grinding is what will make or break you
13- Sales solves all your problems
14- Raise capital from investors only when you can't do it by yourself
15- A business without an endgame is headed nowhere
16 ( bonus) - Don't worry about the legal part in the beginning

[zekeestrada]

I’m a 17 year old from Texas, me and a friend are doing this side hustle kinda thing that we could potentially make into a valuable company. There’s a high demand of graffiti removal in the Austin area and only one formal company that doesn’t even have a website. Me and my business partner built a nice kicking website and came up with graffiti removal strategies and we tested a lost of products until we found the one, we launch tomorrow! ENDGAME

[keeganlea]

End Game, currently own a business that just surpassed 1.5M a year in rev.

[sedrickthemagnificent]

Im CEO & Founder at The Benton Group, International Luxury Real Estate Team. This is my first business and first year. Im excited to dominate the Real Estate Market and help advance the way we buy and sell real estate. End Game.

[osmanabdullah]

I took the Entrepreneurial plunge 22 years ago from my small 3rd world country in Africa. I evolved into the international market trying many years to succeed in Dubai and eventually have my own company with my own unique skills set that set me apart in this highly competitive market. Only this year have I tried expanding my business with a few employees which was a massive failure. However I learned my lesson and am recommencing with renewed focus and rebuild my capital before I can rehire fresh employees on a renewed basis having learnt from my past mistakes. My End Game: Build a successful sales team, scale the formula Internationally and earn my targeted $1 Billion in profits per year, grow that model and finally have my company listed on all major Stock Exchanges.

[bradjones]

2:41 The world does not run on wishful thinking, no matter how many times you've read The Secret...

*Absolute savage* 😂😂😂

[kristophermueller]

Being a small business owner, I deeply enjoy all the Alux content. It's been a source of inspiration, motivation, and new ideas. Granted I started my first small business before I knew Alux existed, I'm now developing two more businesses, working on a few utility parents, and writing several books.

[empressisis]

I’m in the process of creating a Cosmetic business plan and working on product formulation right now. Endgame: create generational wealth and passing my business down to my daughters.

[KaiAndrew]

This is a fairly comprehensive list. Still a bit surface level. Here are three to consider (background: MBA and startup finance/operations “guy”):

1. *Who is your customer?* Hands down the most important question when starting out. Must be clear who you are providing value to.

2. *How strong are your unit economics?* This is your basic of basics from the finances that can fit on a large post it note. It answers when do you hit break even, payout and even if you’re operationally leveraged.

3. *Bootstrap the best you can, but when you need money bring in “smart money.”* These are investors who can increase the value of the business more than just a cash infusion. Never take a substantial amount from family or friends. Always have a well written contract and agreement.

[mhamzamoosa]

I am 19, I own a recruitment agency, and it's been like 6 months since I started.
I am working really hard
I'm doing good so far

And yes I do agree talk is cheap

EXECUTION > DEBATE

[rexperez]

I'm 19, wanting to start my own cannabis company in L.A. I'm first trying to understand what's important before going into a business, what to expect and what not to do. I'm barely starting on the gameplan but know that I must be focused and determined, no matter how frustrating things may seem to get.

[ericwhitaker]

I am 35 years old, and I plan on starting a clothing line, record label, and a chain of bistros. This video is very helpful and inspirational, as I am at the beginning stages of starting my businesses.

[twaariqmohamed]

"a place where future billionaires come to get INFORMED"
"a place where future billionaires come to get INSPIRED"

I have noticed the change of words in the intro

[HarbAli]

I am seriously becoming addicted to this channel

[reeshadmuntasir]

"END GAME!" I'm 13 years old and I'm planning to begin a "Luxury Scale Model Apartment" business. I've already began to create my website and messaged a modeler to build the apartments for me. As this business matures, I'll be beginning a variety of businesses from food to garments, since that's a very big demand for a developing country like Bangladesh. Let me know what's positive and negative about my plan, thank you Alux for such a mesmerizing video.

[valesono]

From Cameroon and started a hedge fund which fail so bad and lost allot of my investors money, but later from watching allot of alux videos, I got allot of strength mentally and have started again in December 2019 and the end game is I have learn 1) not to raise capital from others till some certain. Level
2) employee slowly
3) work ma ass off in relation with my strength and delegate
4) timing on when to go public . Instead do allot of back testing and see that I'm moving at the right direction and can consistently track my progress before going public and employing many hands .
Thanks alux for the videos, more grace and I promise you by 2021 will be writinging you from my company mail .Happy New year to you and to everyone reading.