Start a Company and Make Money: Andrew Tate's Expert Tips

Name: Start a Company and Make Money: Andrew Tate's Expert Tips
Uploaded: 2023-06-28 14:15:20
Description: Prioritize making money and getting paid when starting a business, rather than focusing on non-essential elements, in order to start and grow a company with minimal investment.

This article is a summary of a YouTube video "Andrew Tate : How to start a company How to make money" by Solid Sport

TLDR Prioritize making money and getting paid when starting a business, rather than focusing on non-essential elements, in order to start and grow a company with minimal investment.

Key insights

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As a hustler, focus on finding ways to make money in your business rather than solely on spending money on things like branding, logos, and warehouses.
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"It's not a business if no one pays you. It's a business when people are paying you."
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Speed is crucial in business, as it allows you to quickly find a solution to fulfill orders and adapt to market demand.
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"The first question is where's the money, how are you gonna get paid?" - When starting a business, prioritize figuring out how customers will pay you and how to convince them to do so.
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Starting a business doesn't always require a large investment, as it can be done cheaply if you take the right approach.
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Instead of risking a large sum of money on one company, you can start multiple startups with $5,000 each, increasing your chances of finding success.
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One of the biggest mistakes when starting a new company is investing lots of money when you're broke, as it's hard to make mistakes when you don't have any money to lose.
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Using the money already coming in from your first deal to set up your business can be a smart and practical approach, allowing you to bootstrap your way to success.

Timestamped Summary

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00:00
Focus on making money, not just spending it, when starting a business.
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01:11
Start making money by offering a product or service and getting paid, rather than focusing on trademarks, logos, and other non-essential elements.
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02:19
Email customers that their ordered product is sold out but offer a free gift, allowing you to make money without spending your own, while also giving you time to find the product and fulfill orders.
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03:19
The most important aspect of starting a business is figuring out how you will get paid and convincing people to pay you, as everything else is secondary.
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04:33
Start your business with minimal investment by creating a website and showcasing your products, rather than spending large amounts of money on office space, logos, trademarks, stock, staff, incorporation, taxes, accountants, and advertising budgets.
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05:40
Starting a business doesn't have to be expensive; with just $5,000, you can test the viability of your plan and start multiple companies, increasing your chances of success.
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07:11
Start a company without spending your own money by prioritizing money in and not prioritizing fulfillment, allowing you to start multiple companies cheaply and reinvest the money you make to build your company from the ground up.
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08:08
Start a company by using the money from your first deal to buy essential equipment and set up your business, focusing on speed, money, and viability to reduce risk and start any type of company.