Dan Martell - September 28, 2024


The reason most entrepreneurs are broke

Hosted by
Dan Martell
3 things I evaluate before saying yes Cut out your toxic friends

Episode Stats


Length

33 seconds

Words per minute

193.61

Word count

109

Sentence count

9


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Your financials are a reflection of your decisions. Unfortunately, most entrepreneurs don t want to learn the side of the business that would give them the insight to make the business better. They re not connecting the decisions they re making to the financial impact of their business. Without that feedback loop, you re not becoming a better entrepreneur.

Transcript

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Most business owners don't make money.
00:00:01.880 And if they actually look at the amount of hours they worked,
00:00:04.200 they're making less than working at McDonald's.
00:00:05.900 I think most people make a million a year in revenue,
00:00:08.820 had 1.1 million in expenses, so they can grade off.
00:00:11.720 You didn't make any money.
00:00:13.260 Your financials are essentially a reflection
00:00:16.320 of your decisions.
00:00:17.340 Unfortunately, most entrepreneurs don't want to learn
00:00:20.120 the number side of the business
00:00:22.280 that would give them the insight to make the business better.
00:00:25.260 They're not connecting the decisions they're making
00:00:28.060 to the financial impact of their business.
00:00:30.060 Without that feedback loop,
00:00:31.780 you're not becoming a better entrepreneur.