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You do Not Need Money to Start a Business by @billymurph

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You think you need money to start a business?

This presentation proves that you don't actually need MONEY to start a business - maybe you have some other form of capital that you're not aware of.

By applying the concepts of EV (Expected Value) you can actually build businesses with little to no money.

To learn more about EV and understand how millionaires think about money and opportunities, click the link below:

http://foreverjobless.com/slideshare

- Billy Murphy

Publié dans : Business
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You do Not Need Money to Start a Business by @billymurph

  1. 1. YOU DO NOT NEED F*CKING MONEY TO START A BUSINE$$
  2. 2. WHO AM I?
  3. 3. MY NAME IS BILLY, AND... I played poker professionally for 3-4 years after college I launched my first 7-figure business in 2009 In 2011 I got into eCommerce, scaled from 3K to 40K/month revenue with 15-20 stores Now I am focused on writing and scaling ForeverJobless.com
  4. 4. WAIT! BEFORE YOU CONTINUE TO DOWNLOAD A HIGH QUALITY VERSION OF THIS PRESENTATION CLICK HERE
  5. 5. PS: ALL THE LINKS AND BUTTONS ON THIS PRESENTATION ARE CLICKABLE
  6. 6. DOWNLOAD PDF
  7. 7. 1. I STARTED PLAYING POKER WITH PENNIES
  8. 8. Out of college, I became a professional poker player and I remember playing poker for when I was starting.
  9. 9. This was after I’d already taken action by reading books on how to play and playing for ‘play money’ to learn how to do it.
  10. 10. I deposited $50 and the blinds were
  11. 11. I worked hard and scaled the initial deposit of $50 to
  12. 12. then
  13. 13. then
  14. 14. Then significantly more, including a
  15. 15. GOING FROM PLAYING FOR TO MAKING IN A SINGLE MONTH DID NOT HAPPEN OVERNIGHT.
  16. 16. It took a lot of practice
  17. 17. The practice gave me the knowledge of what worked and didn’t work.
  18. 18. I applied that to keep getting better, and when I got better my income increased as a result.
  19. 19. If I had used the excuse of needing money before I started so that I wouldn’t have to play for pennies, I’d still be on the sidelines.
  20. 20. The inaction of waiting for more money before starting…
  21. 21. …would have kept me from earning the knowledge, that earned me the money.
  22. 22. 2. STARTED AN ECOMMERCE STORE FOR $500
  23. 23. The first niche ecommerce that I started was only around $500 to start
  24. 24. IF YOU’RE INTERESTED IN THAT STORY, CHECK IT OUT HERE: HOW TO “GET LUCKY” IN ECOMMERCE
  25. 25. I had 4-figures/month of passive income on it for a while I sold that store in a small package for almost .
  26. 26. Others are “waiting for more money” to start, because that will supposedly allow them to make money.
  27. 27. That's how it works.
  28. 28. 3. FOREVER JOBLESS
  29. 29. Forever Jobless was a side project.
  30. 30. I was just trying to give back and talk about and other things that I really enjoy talking about.
  31. 31. It has turned into a business almost accidentally as a byproduct of just taking action and providing value.
  32. 32. That has led me to help others by writing blog posts GO READ THEM HERE!
  33. 33. … which made me realize people wanted to listen to content as well,
  34. 34. …which led to the action of learning how to launch a podcast CLICK HERE TO LISTEN
  35. 35. … which compounded the number of people asking for more help,
  36. 36. … which led to the action of helping action taking entrepreneurs start profitable businesses,
  37. 37. … which made me realize how much I could help people,
  38. 38. … which led me to figuring out how to grow a massive social media following JOIN MY 100K FOLLOWERS ON INSTAGRAM
  39. 39. …which all compounds and continues to grow Forever Jobless.
  40. 40. A side effect of all that action is income.
  41. 41. If we had a business competition, and I gave someone who’s never taken action $10k to start, and I started with $0…
  42. 42. What do you think’s going to happen?
  43. 43. They’re not going to ‘win’. Why?
  44. 44. Because needing money to start your business is not actually why you’re not starting.
  45. 45. Think of yourself as a stock.
  46. 46. The more you in yourself (time or money), the more your future earnings will be.
  47. 47. The faster you have higher earnings, the those earnings compound and can be re-invested
  48. 48. Some of you even the money you claim to need, you just don’t want to risk it.
  49. 49. You’re saving it as if is doing anything to help you
  50. 50. All it’s doing is the fact that you aren’t willing to bet on yourself.
  51. 51. 4. SAFE MONEY = SLOW MONEY
  52. 52. A lot of the people who “need money” often have money, they just want more before starting so they don’t risk losing what they already have.
  53. 53. If you understand expected value (EV), you’ll realize you are losing it in the form of opportunity cost.
  54. 54. If you understand expected value (EV), you’ll realize you are losing it in the form of opportunity cost. CLICK HERE TO LEARN ABOUT EV
  55. 55. You’re choosing a -EV route just to avoid the possibility of losing.
  56. 56. If you’re keeping your money “safe” on the sidelines instead of making a +EV bet on yourself, you’re actually being very risky.
  57. 57. You’re risking knowledge, and future income
  58. 58. Many people say they “can’t afford” to buy…
  59. 59. A book
  60. 60. Or a course
  61. 61. Or go to a conference
  62. 62. Or hire a coach
  63. 63. But that same person is…
  64. 64. Spending money at the bar…
  65. 65. Has new clothes…
  66. 66. And the newest iPhone.
  67. 67. Look, knowledge compounds very quickly.
  68. 68. When your knowledge compounds, so can your .
  69. 69. You should be betting on yourself. It will be the best investment you can make.
  70. 70. It will give you significantly higher returns long term .
  71. 71. If you’re thinking, you need to realize that you actually do…
  72. 72. 5. SWEAT EQUITY IS YOUR CAPITAL
  73. 73. “Sweat equity is the most valuable equity there is. Know your business and industry better than anyone in the world.”
  74. 74. Paper money is just one form of capital.
  75. 75. Even if you literally had no money at all, you have time, which most people tend to dismiss but it’s probably your greatest form of capital.
  76. 76. You could spend the time you have pursuing a business and learning how to do it.
  77. 77. But most people burn it.
  78. 78. That’s real capital you’re burning. Most people blindly burn that capital every day, and claim that they have none.
  79. 79. Almost every entrepreneur I know started with little to no money when they started.
  80. 80. They had capital in the form of time so through sweat equity they hustled their way to learn, and in the process grew some initial capital.
  81. 81. Realize that we’ve all got an enormous amount of capital. Money is just one form.
  82. 82. Time is money.
  83. 83. Time is money. Make sure you’re not lighting it on fire.
  84. 84. Want to know how I did all of this?
  85. 85. Well, you can.
  86. 86. Just click the button below and we’ll talk: UNLOCK THE FOREVER JOBLESS VAULT FOREVERJOBLESS.COM

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