 The answer is you actually shouldn't start a business to tell you the truth. I know it might come as a surprise to you But for most people who are asking this question, I always tell them don't start a business I've been I'm only about 34 very young never went to high school. I've had it many different interesting businesses I've only been in the online space for about 10 years only 10 years decade, but I Made a fucking shit ton of mistakes. I mean Jesus fucking Christ that I make a lot of mistakes and I wish I've had people in the past That I let me put it this way I I wish that I've had certain people in the past I want to say mentors but more or less people to guide me so I don't make less mistakes You know, there's a really good saying from Charlie Munger or Warren Buffett where a smart man learns from his mistakes A wise man learns from others And so that's why I always recommend people that they don't start a business and the reason why is Twofold number one, I think a lot of people really do underestimate the responsibilities of running a startup They really underestimate how difficult it is if you look at statistics most startups fail If you look at how much mental stress there is family stress physical stress, I've gone through all that There's a lot of stress If you look at suicide or if you look at if you look at all these statistics, it's fucking suicidal to start a startup Suicidal specifically if you're also raising VC funding I mean you got to go in a pre-seed series a series B series C and you have the pressure from your investors is it's It's unbearable majority of the time anyway, so What I'd like to say is don't start a startup or don't don't go it don't go into business right away And instead what you need to do is build up your war chest of skills because Gary V talks about this too. I think one of the easiest ways to get best of both worlds So to get skills in the startup ecosystem, and there's many different ecosystems I'll just group startup together So you got the tech space in the e-commerce space right you have the agriculture you have you have, you know Science you have beauty of health and fitness you have all these different verticals within startups, right? I'm just gonna group them together. I think one of the best things to do is join a startup There's two reasons why I think it's really really healthy To join a startup on your journey of starting your own business if you've never had one before This is specifically if you've never done one before because if you have and you obviously know what the fuck I'm talking about So you join a startup. This is what happens a you get a guaranteed salary pretty much Right if the startup is well funded or if the startup has a real fucking business as it should be That's a I should make a whole different video about how I think most VC models are broken We're 99% of time. They don't even get profitable and it's all the next Ponzi scheme series a series B to the series Z and then dump it on the public anyways So you find a startup that's heavily funded or has more or less profitable And now you have a guaranteed salary right you have a guaranteed paycheck You don't have to stress about right you have whatever you whatever you're getting paid Let's say 60 K a year to work for the startup That's number one Finance is always the biggest stress. So now you have finances out the window You don't have to worry about it You have finances and if it's a really well-funded startup you got benefits to most most of the time It's not benefits at the beginning number two Super important is you get to learn really fast you get to make Mistakes on other people's dime You get to be in a very quick agile Hopefully fun environment that pushes you I mean really pushes you because if you're working for a startup It's VC funded they need growth. They need to hit their metrics. They need to hit their KPIs And so you'll be part of a team that's pushing hard and I mean really pushing and so you now have the opportunity To learn new skills, you have the opportunity to experiment You have you pretty much have the opportunity to do anything you want to do as long as you're delivering And so you learn all these skills you spend two years three years with the startup and hopefully you know The startups fast-growing VC funded maybe get some equity in that company if you have a good vesting schedule, etc And so you're learning skills. You're building your network. You're fucking getting paid And you have zero downside. I mean zero fucking downside and That's why I always recommend people if they've never Started a startup or a business and they're thinking of entering the startup scene is to join one first to really see If it's all cracked out to be because I've had a lot of people who've started one And they realize fuck this shit man, you know them. They might have a family It's with big difference man when you have you know a son and a daughter and a wife as Opposed to being single by yourself right the responsibilities right the huge fucking different equals two different worlds and So that's my advice. It's join a startup get the skills get paid and through that process You can then have ideas through that process then you really realize. Oh, these are the mistakes This is this is what I should do This is what I shouldn't do and then you can figure where you want to go and there's so many different angles of startups You can build simple startups like you join e-commerce where you don't need that much funding Maybe you get some loans maybe do some angel rounds Maybe you go the crazy route where you decide to do VC funding where you have a big tech idea where you go get your Pre-seed and series a 5 million to maybe 25 million series be your seat Honestly, if you've never ever started a startup before That's my humble advice. Okay, and that's something that I wish someone told me when I was younger But I must stubborn old fucking mule or a goat see myself as a goat Fuck man that I do a lot of mistakes and I don't want you guys to do these mistakes It's just this pressure and the stress is ridiculous, but get the skills man. It's what the it's the fucking skills that matters And it's understanding what you're getting yourself into it's building your network and then become become crazy Man then once you've done that and you really didn't understand what you're getting yourself into dive in right? Go in get good partners gig. Hopefully really hopefully you get good investors That's really important a lot of times investors will fuck you in the ass tell you truth I've seen it all the time But then you get lucky get amazing ones or angels that support you from day one till you know They won't what they want to day 300 or until hopefully they exit right? And then go at it go hard Build your startup man But that's my advice for anybody out there considering startup join one first get paid learning skills and then start your own Alright guys if you have questions for me about this about startups or whatever leave a comment below this video and oh, yeah, by the way Subscribe to my channel right there's a subscribe button somewhere I don't know down here up here wherever YouTube puts it but subscribe so you can get more daily updates peace