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The biggest misconception about starting a business 🙄

2024-05-02 · Short · Ali · recording, 0:49 · watch on YouTube

Topic: Business and entrepreneurship · mode: Explanation and tutorial · tags: Lesson from a book

In a Short, Ali calls the belief that you must quit your job before starting a business the biggest misconception about it: a job is a safety net, almost any business can be started in evenings and weekends, and only once money comes in is it worth reducing your hours or quitting; he recommends Million Dollar Weekend, The Millionaire Fastlane and The 4-Hour Workweek.

What is said

The parts of the video and what is said in each (★ — how much it matters to the video).

00:00:00 — Do not quit your job before starting your business

  • ★★★ Ali calls the belief that you have to quit your job first in order to start your own business the biggest misconception about starting one, and pleads with viewers not to quit before starting. — 00:00:00
  • ★★ Ali says a job gives you a nice paycheck, social contact and purpose, which makes it a very good safety net to have while starting a business. — 00:00:00
  • ★★★ Ali says almost any business can be started in the evenings and at weekends, in just a few hours a week: whip up a minimum viable product, refine the offer, make sure there is demand, and speak to potential customers and get money from them. — 00:00:00
  • ★★★ Ali says that once a side business has some money coming in, that is when it is worth considering reducing your hours in your job or potentially even quitting it. — 00:00:29

00:00:38 — Books on starting a business on the side

  • ★★ On starting a business without quitting your job, Ali recommends Noah Kagan's book Million Dollar Weekend, and also The Millionaire Fastlane by MJ DeMarco and The 4-Hour Workweek by Tim Ferriss. — 00:00:38 · Noah Kagan, The 4-Hour Workweek, Tim Ferriss

Threads in this video

Mentioned

Million Dollar Weekend · minimum viable product · MJ DeMarco · Noah Kagan · The 4-Hour Workweek · The Millionaire Fastlane · Tim Ferriss

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