 Hey, what's up coach welcome back to the podcast now today's question comes from a basketball trainer in Milwaukee, right? He asked me he said, Hey, Ben, I'm just starting my business. And I'm considering taking out a business loan to use to get a gym. And I asked him like once he sent me that text, I asked him, well, how many clients are you training? And he said, I'm just starting my business. And then he went on to say he's considering either getting a partner or taking out a loan. And I went on to explain to him everything that I'm going to explain in this video and a quick disclaimer here. My response to this is, I think very conservative about risk with your business and gambling. And I try to take the most logical approach. When I think about these things, because I've seen so many people who have reached out to me who have taken business loans who have gone into business with other partners that don't have good outcomes. And then they come to me and they ask me, well, what should I do now? So here's something that I think has really helped me. And I think this will help you if you're considering taking a loan or having a partner. And here's what it is. If you're just starting your business, you should not try to get money or be in debt to anybody. I strongly encourage everybody to not have a partner at the beginning of your business. Don't get a business loan. Don't put yourself in a position where right when you start your business, you automatically owe people money. And the reason why is because you haven't proven the concept yet. You haven't proven to yourself that you can actually get clients. And there's nothing worse than starting a business without the proven concept. And then now you have this huge pressure on your shoulders to pay back a loan. Or like the partner that is putting up the money, you owe him interest, right? So this is why I'm a big believer at the very beginning of your business. Do everything solo. Go make money. Don't ask for people to give you money. Don't ask the bank to give you money. Prove it to yourself that you can get clients. And in the future, if you're going to get a gym, for sure. It would be smart to get a business loan because you already have money that's coming in from your clients. I have zero problem with people who do that. I think that can be a really smart thing if you already have clients and you need a lot of money and you want to take a loan. No problem doing that if you have clients. If you don't have clients, that shouldn't even be on your radar. And one thing I would say is a lot of people try to take the easy way out at the very beginning of their business and they wait and they say, well, I need a partner with this or I need a loan in order for me to get started. That is not the proper way to start your business. The proper way to start your business is to understand what is the problem you're solving. Go solve that problem. And when you solve that problem, you get paid in exchange for solving that problem. And when you do that and you start to get good at that, you start generating income without having a loan or without having a partner who's trying to put up money for you. Don't wait for that sort of stuff. And I would encourage anyone who's listening to this right now, don't just go get a loan. You need to prove to yourself that you can get clients. And getting a loan after you have clients, to me that makes sense. So I hope this helps. Don't put yourself or your family or your business at risk at the beginning unless you've already proven to yourself that you have clients. And I've worked with a lot of people who have facilities. Those people who have facilities that are really successful, you know why they're really successful? It's because they got clients way before they ever got their facility. Hopefully that helps. See you later.