 let's talk about you quitting your 95 job the first thing you got to do is not quit your job face it you can't do it stop right there don't even try trying's not good no in all honesty let's talk about it all right let's talk about your 95 job see i have a i have a philosophy my philosophy is very binary when it comes to this type of thinking i believe entrepreneurship cannot be trained either you have the risk tolerance for doing things on yourself and you're willing to fucking fail and fail many times or you are more or less an entrepreneur somebody who is second third fourth in command and both of them need each other it's not one or the other that's good or bad but i really really don't believe that if you've never in your life shown that you have entrepreneurial natural i want to say talent but traits characteristic traits whether you're a risk taker whether you're like ambitious whether you're like half crazy to be fucking honest it's i don't see people being trained at that that's it but let's go to the 95 thing let's say you are in that camp you're in the camp that you are the crazy one you like taking risks you like falling off a cliff building on building your wings while you're falling down on the cliff what can you do most people will tell you quit your fucking job right away i think that's the stupidest thing i've ever heard quit your job what you crazy you're gonna quit your job right away come on let's let's be real over here let's lay out let's lay the foundation guys let's lay the foundation you need cash flow you quit your job where's the cash flow coming from hello cash flow cash flow i need some cash flow there's no cash flow so first you gotta do is you gotta figure out your cash flow what does your job offer you seem to leave some of the best the two greatest addiction is the salary and heroin so with your 95 job what do you got you got a steady salary hopefully you got a steady salary what does the salary give you well pays for your overhead which is let's talk about the two most important things roof over your head food on the table those are the most important thing or everything else a secondary doesn't matter maswell hiker needs food shelter and a story okay so salary is the reason that you are here today and you have roof over your head and you have food on the table and so you're on the internet you're on google quit my job gonna start a fucking business and they're gonna tell you ah you gotta hustle right away you gotta quit no no no no no no no no no no you gotta first figure out your overhead you gotta really really dial in what is your overhead meaning what's your burn rate on a month month basis figure out what's your mortgage what's your rent what's your food what's your entertainment whatever you gotta figure it out and then kind of decrease that as much as possible so you can't really decrease rent that maybe you got parents maybe you're lucky about your parents or whatever you you gotta figure out man i'm not here to tell you to figure out you gotta fucking figure out bottom line you gotta figure out how to reduce your burn rate that's really important number two is let's say like i said you're in the camp of the entrepreneur camp you're that crazy motherfucker right um it's not just simply quit it that that's not how it works i'm a firm believer is there's two things you gotta do one you figure out okay i'm the crazy person i'm willing to take risks i'm willing to fail multiple times then the second thing that you gotta talk about is okay what am i gonna do there's many options when quitting a job am i becoming a consultant am i starting a venture business am i starting a e-commerce business am i starting a physical bricks and mortar business in this case probably not because of covid so you have to figure out which vertical are you focusing on i don't recommend you least for the 99.999 percent of people that serve adventure they won't serve adventure they have no experience and so you kind of kind of filter out what you want to focus on i've always said affiliate marketing because hey it costs you nothing and you can make cash on the side i'll make a whole different video for that but let's say you figure something out let's figure it out we'll make an example Shopify store e-commerce store you find some cool fucking things you want to sell let's see do we have anything here here we go here we go look okay i just picked this up say you want to start selling cbd products for pets right here this is a free shout out this company my dog loves this anxiety and pain uh the companies call a paw what the heck a paw to carry pets from no from nose to tail right there we go free shout out check them out they're great my dog loves them okay so let's say you're getting the cbd business online for cats and dogs and animals you're not just going to quit your job you gotta figure okay how do i start this business am i going to start formulating right away probably not that's fucking foolish well you gotta make a list then one is um one is where working on white label this what's the minimum cost from you getting these products where the customer is located like you gotta make a fucking plan before you quit your job see i i rather spend three years in a job you don't like bear with me here i rather spend three years in a job you don't like and build up your plan build up experience get review talks about this build up your plan build up your experience hustling on the side as opposed to just quitting not having any cash flow and then stressing me fuck i mean like you're stressed stressed like crazy and so it's you gotta plan man and you gotta really face the reality you will fucking fail statistically that's it like if you if you're serious about this you're gonna fucking fail if you're the small percentage that succeeds congrats man that's fucking sick man all the power to you but statistically you will fucking fail and so you have to bite the bullet on that you have to accept the fact you will fail and going back to this okay so it's the dog the cbd the cbd company over here you gotta plan it i go okay what is what's my competition over here uh what are the margins on these cbd products do i have any talent or experience uh doing this okay and you do research you know you do swat analysis on your competitive you spent time you uh ruminate in the industry right you figure out you get to know everything about this industry not just a cbd industry but the pet industry the e-commerce industry uh you know how Shopify works how scl works you gotta understand you don't just jump into it you have time right what are you working nine or five especially now with COVID everyone's remote so everyone's like the times are chaotic but let's say you're putting eight hours in on your job right so eight hours and let's say you have a family so that's another four hours right let's say two three hours i mean we'll give it we'll give it more we'll give it six hours we'll give it one hour in the morning and we'll give it five hours after like four five o'clock brings you to like 10 o'clock nine to 10 o'clock nine to 10 o'clock to one o'clock yeah you're cutting down sleep but hey that's a sacrifice you gotta make maybe you're not getting eight hours of sleep but you're getting six hours of sleep so you're sacrificing two hours of sleep you do your research you got a couple of hours you got three hours to four hours to do your research and figure out what you want to do let's fast forward a bit okay you've done your research you figured out okay there's opportunity you figured out a niche you figured out okay i see that i don't know there's an opportunity for this type of cbd for these types of dogs that people aren't marketing to and i figured out the margins and i've located a supplier and i made my brand and i figured out i can white label it and i figured out that i don't need to really spend that much money for a minimal product i might be able to do dropshipping with that company yeah the idea the next step what you need to do is you need to figure out how you can start then slowly launching that type of business while you're still working you don't quit then remember cashflow is king you always got to be focusing on your cashflow and so you keep everything on a hybrid model while you work nine to five you work on your side project and this is just one example of e-commerce it could be consulting or you start building up a consulting business it could be anything i'm just giving you i'm not gonna tell you how to fucking hold i'm not gonna hear it hold your hand and tell you how to do it but i'm just telling you the general notion the general idea a let's go back you gotta be crazy you gotta understand that you will fail and you gotta understand that cashflow is king you're just quitting your job is no good and so b is in conjunction with your business in conjunction with your job your nine five job you gotta be time guys like the moral of this video here i've it came to me the moral of this video is time is the most precious commodity that's it time is the most precious commodity and yes you can squeeze in time while you're working 95 and the whole goal is while you have cashflow that's giving you the house over your head or the roof over your head and food on the table this gives you the opportunity to work on your side gig and you can pick whatever you want for your side gig as long as it in lines and something that a you obviously like and b you see financial opportunities right at the end of day it's a it's a market there has to be market demand for what you want to sell and then eventually eventually once your side gig gives you the opportunity to pay you it doesn't be 100 equivalent but pay you enough to provide the roof over your head and food on the table then you can quit your nine five job and guess what you have a new job it's called a 24 seven hour job because now your own boss and everything's on you peace