Dan Martell - June 25, 2023


You Need To Focus On ONE Business ☝️

Hosted by
Dan Martell
You're Closer Than You Think The key to self-confidence isn't in trying to boost it endlessly, but in eliminating what erodes it.

Episode Stats


Length

38 seconds

Words per minute

250.26

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 .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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.