Dan Martell - June 25, 2023


You Need To Focus On ONE Business ☝️


Episode Stats


Length

38 seconds

Words per minute

250.25906

Word count

161

Sentence count

11

Harmful content

Misogyny

1

sentences flagged


Summary

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

In this episode, I talk about how to diversify your business and how to have multiple streams of income. No one you know that s wealthy today got there by doing multiple things at first, at first they got to millions in revenue and then diversified. You have multiple businesses because you don t trust that the one you're currently doing is the one. So you start like a side hustle and then you sacrifice the current one. I go to events all the time and I m like, what business are you in? And they go, oh, well, I ve got three businesses. And in the back of my mind, I go, no, you don't. And that s the challenge.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
00:00:00.000 Starting off, you might hear like,
00:00:01.560 oh, you're supposed to have multiple streams of income.
00:00:03.840 No person you know that's wealthy today
00:00:05.620 got there by doing multiple things at first.
00:00:08.440 They got to millions in revenue and then diversified.
00:00:11.740 Some of you have multiple businesses
00:00:13.240 because you don't trust yourself.
00:00:14.820 You have multiple businesses
00:00:15.980 because you don't trust that the one
00:00:17.680 you're currently doing is the one.
00:00:19.640 So you start like a side hustle
00:00:21.100 and then you sacrifice the current one.
00:00:23.380 I go to events all the time.
00:00:24.520 I was like, what business are you in?
00:00:25.220 And they go, oh, well, I've got three businesses.
00:00:26.860 And in the back of my mind, I go, no, you don't.
00:00:29.120 You have one business that's the rich uncle
00:00:31.180 that pays for the other ones
00:00:32.120 that suck all the cash out of the first one. 0.89
00:00:33.680 And that's the challenge is that
00:00:34.720 when you have multiple businesses,
00:00:36.240 you're already setting yourself up at a deficit.