Dan Fleyshman
👤 PersonAppearances Over Time
Podcast Appearances
Right. Okay, so tough question. Ready for this? Entrepreneur, they're working nine to five. They're making four grand a month. Their husband or wife or girlfriend or boyfriend's making another four or five grand a month. They got a good little household income going along. They're fighting the good fight, but they want to start a company.
Right. Okay, so tough question. Ready for this? Entrepreneur, they're working nine to five. They're making four grand a month. Their husband or wife or girlfriend or boyfriend's making another four or five grand a month. They got a good little household income going along. They're fighting the good fight, but they want to start a company.
At what point do you think it's comfortable for them to make the leap to start that company and quit that job?
At what point do you think it's comfortable for them to make the leap to start that company and quit that job?
All right, I want you guys to listen to me very clearly. Years ago... I was very passionate because there's so many people talking on social media saying, just tell your boss to screw off and quit your job and just go out there and sleep on someone's couch. You do not need to do that. We are in a digital age.
All right, I want you guys to listen to me very clearly. Years ago... I was very passionate because there's so many people talking on social media saying, just tell your boss to screw off and quit your job and just go out there and sleep on someone's couch. You do not need to do that. We are in a digital age.
Your cell phone is like the mobile apps, the companies that are out there, the platforms that are out there. You can build a company from your phone from anywhere in the world in moments for cheap or free. Back in our days, when I started my clothing brand, My Energy Drink, my drink was in 55,000 stores. You know how?
Your cell phone is like the mobile apps, the companies that are out there, the platforms that are out there. You can build a company from your phone from anywhere in the world in moments for cheap or free. Back in our days, when I started my clothing brand, My Energy Drink, my drink was in 55,000 stores. You know how?
Because I got in the car and drove to 43 distributors, talked to Budweiser, Coors, Miller and Pepsi. I didn't have social media. We had MySpace back then. This was 2005, six, seven, eight, nine. I didn't have the things that we have now. Now, you guys can post on social media and 10 million people see it today.
Because I got in the car and drove to 43 distributors, talked to Budweiser, Coors, Miller and Pepsi. I didn't have social media. We had MySpace back then. This was 2005, six, seven, eight, nine. I didn't have the things that we have now. Now, you guys can post on social media and 10 million people see it today.
Back then, I had to wait six months for a magazine to come out or wait a year for a billboard to go up. The power you have right this second from your social media, from your phone, for AI, for tech, for platforms, is so cheap and free, you do not need to quit your day job. Save up money, get yourself a nest egg, because no matter what you think, let me give you a quick example.
Back then, I had to wait six months for a magazine to come out or wait a year for a billboard to go up. The power you have right this second from your social media, from your phone, for AI, for tech, for platforms, is so cheap and free, you do not need to quit your day job. Save up money, get yourself a nest egg, because no matter what you think, let me give you a quick example.
Let's say Kim and I invest into your company. I put in 250K, she puts in 500K, you got $750,000 into your company. Sounds cool, right? You go out and start your own version of a beverage company, and you go crush it and do $1.3 million in sales the first year. Guess how much you make? It rhymes with zero.
Let's say Kim and I invest into your company. I put in 250K, she puts in 500K, you got $750,000 into your company. Sounds cool, right? You go out and start your own version of a beverage company, and you go crush it and do $1.3 million in sales the first year. Guess how much you make? It rhymes with zero.
You're losing money.
You're losing money.
Exactly.
Exactly.
Our valuation went up, so you made us happy. You did $1.3 million. We're proud of you. But you're going to probably need more money, and you definitely didn't take a salary. Year two, you go crush it. You do $3.6 million. You double the sales. Kim and Dan are happy. We're proud of you. You doubled our valuation again. Woo-hoo! We're proud of you as an entrepreneur. You made nothing.
Our valuation went up, so you made us happy. You did $1.3 million. We're proud of you. But you're going to probably need more money, and you definitely didn't take a salary. Year two, you go crush it. You do $3.6 million. You double the sales. Kim and Dan are happy. We're proud of you. You doubled our valuation again. Woo-hoo! We're proud of you as an entrepreneur. You made nothing.