Ever wondered if you're cut out for the entrepreneurial grind? Join us, Anthony and Jhanilka, as we unravel the layered fabric of what it truly means to build a business from the ground up. We're taking you through the good, the bad, and the unexpected, sharing our firsthand experiences spanning from cleaning services to real estate, and even the podcasting world we're navigating right now. This heart-to-heart isn't just about chasing success; it's about recognizing the personal cost and the sheer resilience required to stay the course.
Let's talk about the myth of 'work-life balance' in the entrepreneurial sphere. We're breaking down the reality that, for many, the hustle doesn't shut off at five o'clock – it's a constant hum in the background of family dinners, vacations, and even sleep. Hear about the time I had to tackle a work crisis at 2 AM and how these moments shape our understanding of commitment. We also dive into the emotional ebbs and flows that come with the territory, discussing why it's crucial to be financially and mentally prepared for the entrepreneurial roller coaster.
Wrapping up, we reflect on the traits that distinguish a true entrepreneur and why it's essential to have a sincere passion for what you do. Amidst the tumultuous journey of entrepreneurship, we also contemplate the concept of 'enough' and how to recognize your personal and business boundaries. A huge shout-out goes to you, our listeners, for your unwavering support. Remember, your engagement fuels our community, so don't hesitate to drop your thoughts and takeaways in the comments – let's keep this conversation going. Peace and prosperity to you all, until we meet again. Goodbye!
🌟 Don't forget to drop us a review to support us!
Leave us A Review
---Resources----
Learn how to start and scale a cleaning business without cleaning ANY Houses
Cleaning Business University Course
Follow us on Social Media:
Instagram | Youtube | Facebook | Twitter
Podcast Sponsor:
If you are interested in a spot shoot us an email at info@thehartrimony.com
Ever wondered if you're cut out for the entrepreneurial grind? Join us, Anthony and Jhanilka, as we unravel the layered fabric of what it truly means to build a business from the ground up. We're taking you through the good, the bad, and the unexpected, sharing our firsthand experiences spanning from cleaning services to real estate, and even the podcasting world we're navigating right now. This heart-to-heart isn't just about chasing success; it's about recognizing the personal cost and the sheer resilience required to stay the course.
Let's talk about the myth of 'work-life balance' in the entrepreneurial sphere. We're breaking down the reality that, for many, the hustle doesn't shut off at five o'clock – it's a constant hum in the background of family dinners, vacations, and even sleep. Hear about the time I had to tackle a work crisis at 2 AM and how these moments shape our understanding of commitment. We also dive into the emotional ebbs and flows that come with the territory, discussing why it's crucial to be financially and mentally prepared for the entrepreneurial roller coaster.
Wrapping up, we reflect on the traits that distinguish a true entrepreneur and why it's essential to have a sincere passion for what you do. Amidst the tumultuous journey of entrepreneurship, we also contemplate the concept of 'enough' and how to recognize your personal and business boundaries. A huge shout-out goes to you, our listeners, for your unwavering support. Remember, your engagement fuels our community, so don't hesitate to drop your thoughts and takeaways in the comments – let's keep this conversation going. Peace and prosperity to you all, until we meet again. Goodbye!
🌟 Don't forget to drop us a review to support us!
Leave us A Review
---Resources----
Learn how to start and scale a cleaning business without cleaning ANY Houses
Cleaning Business University Course
Follow us on Social Media:
Instagram | Youtube | Facebook | Twitter
Podcast Sponsor:
If you are interested in a spot shoot us an email at info@thehartrimony.com
What's going on, guys? Welcome to another episode of the more than a side hustle podcast, where we help non-enforvaged create more impact and come and influence outside their jobs. My name is Anthony.
Speaker 2:And I'm Jnoka. I was just looking for a review. I'm never prepared for that, but thank you for coming back week after week to hear a speak about different topics with entrepreneurship, family business, money, things that are in the streets, anything it's popular we discuss.
Speaker 1:Today we're gonna be talking about are you thinking about becoming an entrepreneur? We're gonna dive into that in a second. I don't know if you got the review ready, but before you take a leap into entrepreneurship, it is important to understand that entrepreneurship isn't for everyone. In this episode we're gonna talk about the characteristics and mindset that may indicate this might not be for you. So if you're unsure whether entrepreneurship is the right fit, be sure to watch to the end for our personal insights and remember it's okay, it might not be for you. There are plenty of other career paths out there, so don't forget to comment, like. Subscribe for more content on entrepreneurship and business. Do you have the review of the week?
Speaker 2:now I do have it. This is from Brie from the Rock. I don't know you're in Rockaway in Queens or On the Rock, arkansas, that could be Rochester, I don't know. But it says if you're looking for a couple who keeps it real both in life and in business, make sure you're listening to Anthony and Janoka and she spelled my name correctly, so I appreciate that. I'll see you. Their podcast gives you the content you need to feel confident in taking steps. You need to create generational wealth and that's what we try to do. We appreciate that. Yes, we talk about or, yes, we have a cleaning business, but our goal is that you get more from us than just what happens in a cleaning business, because we've been doing entrepreneurship now for the past six to seven years and our life is not just a cleaning business.
Speaker 1:Obviously, this podcast should have been more than a cleaning business.
Speaker 2:Right, exactly. So, as you said, today we are discussing how did you say it? You said the reason. What did you call?
Speaker 1:it. I said the characteristics and mindset that may indicate that entrepreneurship is not the right path for you.
Speaker 2:OK, I went with the street, since I said, the burden of entrepreneurship.
Speaker 1:We can do either one. What brought us to this topic? Let's talk about that. What got us here?
Speaker 2:Probably our personal lives. We deal with business in multiple ways. So obviously, not obviously. We have the cleaning business, we have real estate. We had our own virtual assistant business that we closed down last year. The Hartrimony is a business, a brand within itself Podcasting. So business comes up in our life all day, every day, and so we deal with it. All the time, and most of the times, you're hearing why you should start a business and the perks of it, which there are and there's good in it. But, like anything, there's another side to it that we wanted to make sure we touch on and keep it real, as we usually do, absolutely.
Speaker 1:And we get a lot of people that we coach, especially when it comes to learning about the cleaning business. A lot of people we coach are brand new entrepreneurs.
Speaker 2:This is their first business.
Speaker 1:This is their first touch of business, going all the way to the very beginning where we're talking about following your LLC. So we deal with a lot of first time entrepreneurs and we realize that it's a lot of things that we didn't understand when we went into it. That may or may not have had us say you know what this might not be for us. I think for us, the way we got into the business, especially our first business, our first legit business, it was like we're going to tip toe our way into it. Entrepreneurship wasn't as cool as it is today. Six, seven years ago it was more like well, it's kind of taboo. It was around.
Speaker 1:It was no, definitely. I'm not saying we're the first entrepreneurs, but in our community, the black community, it was kind of like you're starting a business, like what is that even mean?
Speaker 2:What's the reason? That was my question, and what's the reason?
Speaker 1:So we wanted to outline some of the second go for like five different segments, five different tips or five different parts of the entrepreneurship outline that helps people. That will maybe help someone decide, you know what I ain't want to do, that I don't want to do. Whatever it is, it doesn't have to be just a cleaning business, but it might be some things that make you realign your goals.
Speaker 2:It might be another way to get there, Yo.
Speaker 1:What's going on, guys? Did you know? We own a seven figure cleaning business and we use that business in order to pay off 114,000 dollars of debt. We use that business to help us travel more, save more money and eventually become financially free. If any of that sounds good to you, check out cleaning business university, where we teach you how to launch and scale a six now seven figure cleaning business, and the best part about it is that you do not have to clean homes yourself. I know that sounds crazy, but check out cleaning business university. We give you more in-depth information about that. Check it out and we will see you on the other side. Yeah, me and Andre. We did a whole YouTube on this. On a similar topic. He said it might be easier for you just to try to get a high paying career. Invest in the index funds right, you know? S&p 500, very stable investment work, a job for 20, 30 years, and retire, it might be At 60.
Speaker 2:There's nothing wrong with that. I think the point that you brought up especially is that we deal with a lot of first time entrepreneurs and I think that you could, you know, at this point there's so many ways you can consume information podcasts, youtube, books. There's so many information, so much information about there, about starting a business and the real deal and all that things. But I think it also comes with the work that you do. You know, sometimes people say, like, well, I don't take advice from people that never did the thing. I'm not saying it has to be that extreme, but it does feel different when you're actually in it versus starting right. Yeah, I think you've touched on this before, even in our community. At the beginning it's exciting, you know, and so then you go through the wave. So we're gonna kind of talk about the waves and what that looks like.
Speaker 1:One of the. I literally tweeted that today. I said what's?
Speaker 2:up with you.
Speaker 1:What's that today? It was something about it's easier instead of you starting. If you need money today, don't start a business, go get another job. Oh, and that went viral.
Speaker 2:I don't think that was today. But that brought me to another point where you said when we started the business, we were starting slowly, and I find that most of the people that we speak to now aren't doing the same thing. So when we started the business, we were paying off debt and we both still had our high paying jobs. So the way that we relied on the business was completely different and I feel that absolutely makes a difference as to how much of a burden it feels the business, the entrepreneurship, feels when you're like this is not the only thing and it's not. I don't need this, I'm just trying to make this work. It's two completely different feelings, two different types of energy and a different type of energy, and we know that now, especially because Anthony has been out of work for two years now, so out of a corporate job, I should say he absolutely works for two years now and it's just a different energy when, then, when we both had those high paying jobs, because it feels like, you know, I'm always have this regardless.
Speaker 1:And maybe we're touching this too. But I actually know we want to go through the five points, want to start there. So we talked about the image, right. So number one the romanticized image of entrepreneurship. It's been glamorized portrayal and media and even in our aspect. You know we're talking about. This podcast is about business, entrepreneurship, relationships, life, essentially everything under the sun. But even a part of us kind of forces not forces, but pushes that glamorization of you could do it, that you could do it, and part of it is like, yes, I truly believe that anybody can and I do not believe everyone should.
Speaker 1:Yeah, that's the key right there. So it's about the parts that you shouldn't.
Speaker 1:So our goal is to not make it seem like this is an overnight success, Like anything we've done over the past. You know, if you are brand new here this week or you've been here six, seven years, this is not an overnight success. So just because you see us doing it does not mean that it actually absolutely can be done for you. Yes, my goal and hope that it could be and that I want you to try it, but it might not be for you and that's OK.
Speaker 2:Come don't compare my chapter 30 to your. Chapter one is like the lesson there, because that happens all the time.
Speaker 1:But I get stuck doing that too.
Speaker 2:Yes, but also the fact that you said not everyone should start a business, and that's not being shady at all, but you have to be real with yourself also, and we'll get into some of those things. You have to just be real with yourself on, if you want to do it, something that, like we both were different notes, by the way, so it's funny I wrote that you live, eat, breathe and shit the business. You are constantly on. So when people say I left a nine to five for 24 hour, I left a five to five for 16 hour, they are not lying. Because you are constantly on.
Speaker 2:It is very difficult to turn it off. Now, I'm a bit easier with turning it off versus Anthony, but depending on your personality type, depending on where you are in the business, starting off versus not all that kind of matters. So I think you need to weigh those things of really do you want to be linked to something at all times? Because even if you're like, well, I build a team that takes time but time, you know what I mean Initially you are connected to that thing, so that work like balance.
Speaker 1:So that's a myth of work like balance for entrepreneurs. Because, yeah, the lines become blurred in your personal and your work life. Yep, if your work life funds your regular life, which is, your entrepreneurship life funds your regular life, there is no, it's all together, it's all together, it all. Becomes one big part of me trying to figure out life and entrepreneurship as a part of that. So when you leave a nine to five, when you have a nine to five job and you leave at five o'clock Most of the time Most, of the time there's no blurred lines, I'm off the clock, unless you're a manager or a teacher or something you have some high level executive role.
Speaker 1:Most of the time when you leave at five o'clock, there's no blurred lines. You're not thinking about it, you're not checking emails, it is not on your mind, it is not on your wife's mind, your spouse, whoever it is. No one is thinking about your job when you leave at five o'clock. We don't care.
Speaker 2:Because we yeah, that's what you're saying when you leave. We don't care when I leave at four, fifty five, you're like I don't even want to take that. But the thing is, when I was a manager.
Speaker 1:That's another thing too. It's like when you go up different levels, like even if in entrepreneurship like, yes, there's a blurred line, but even when you at a job, you go up different levels, there's going to be some blurred lines there too. So don't get it twisted.
Speaker 1:They're in there here and there. It's not 24 seven, but I remember when I was at my, I was a director at my job and even when something happened at midnight right, something happened at midnight I was asleep. My next day my boss is like why didn't you answer your phone or emails? Like well, things don't normally happen at midnight and my phone was on silent and we had to go through this whole process.
Speaker 1:We had to go through this whole plan of, just in case this does happen, what's the proper procedures for people to find out and reach out to you? And that's when that line became blurred. And but entrepreneurship, there is no child, there's no lines, it's literally all together. You got to be OK with that.
Speaker 2:It also feels like you sometimes feel like well, I don't need to turn it off, because that's the point of entrepreneurship I could do it from anywhere. Depending on what you're doing, obviously, I most like you to do it from anywhere. So why do I turn it off on business when I'm on vacation? Because I could make the money while I'm on vacation. Why?
Speaker 1:should I stop?
Speaker 2:Yeah, and I'm like to me. You know, vacation means baby. Where's my Mamosa? Where's my Margarita? You're not hearing from me at all. You're not. You're barely even getting a post from me on Instagram. You're not even seeing the sun or the water, because it all feels like work or whatever the case may be. So I think, being real with yourself, it takes time to set those boundaries, it takes time to shut things down, but, especially at the beginning, there is no shutting down. You're. You're really working to get the business up and running. So being mindful of that and how it impacts you, how it impacts your family, that's another part of it. If the person's you know your spouse is not in it with you or other family members, you could be on trips. This time we get to walk out. We could be playing game night or I got a call coming in right and so how it impacts is very important. I don't know people. I don't think people measure that really when they think about going into entrepreneurship.
Speaker 1:Yes, prioritizing, prioritizing your family, prioritizing yourself over the business, it becomes, it becomes hard. I'll say that for myself. So if you're someone who was like I want to go into entrepreneurship because I don't, I want to control my time, yes, you can control your time to a certain aspect, but there are times where we have to be available, just because the nature of the business. Now you might say, well, I can start this other business where I'm not always available, but it's always going to be on your, your mind. Yeah. So Even if you're not actively working in it physically, it's always going to be in your mind. You're gonna, you're gonna take on a new lifestyle, whether you like it or not.
Speaker 1:Once you, once you turn on an entrepreneurship switch and you get that first taste of income outside your nine to five, you could never go back to working a normal job. And even if you do, you're always going to be thinking about the next step for you, always going to be grimy. You're always going to be. Your mindset will never be the same after that. So it will technically never be off. Even if you say I'm on vacation, it will never be off. So you got to be okay with that. If you're the type of person that's like, nah, I want my free time. This might not be it, so that's something to be very clear about. If you're thinking about I'm getting this entrepreneurship for my free time.
Speaker 2:Well, along the lines of along the lines of the work life balance. I also feel like at the beginning and maybe throughout it really depends You're emotionally attached to your business.
Speaker 1:And if you want to do some extra credit, take a screenshot of your phone. Or if you're driving in the car, take a screenshot of your dashboard tag us on Instagram. Let us know you are tapping in, so that we can repost you and show you some love too you can tag us at more than a side hustle podcast or at the heart of morning.
Speaker 2:We have two ways that you can tap in with us. We appreciate it, thank you. Right, and it could ruin, like. I have scenarios where it has ruined our day we do was one time was Valentine's Day and we had got a client a negative. I remember if it was a post or something, if they wrote a negative review and we're like moping the house because it impacted us and we're like let's just go out because we can't change this review right now.
Speaker 2:We had times where a time where we was at an Airbnb cleaning that Newton on New Year's Eve, before the ball dropped but it was New Year's Eve that we're cleaning somebody's home and it was some Sunday. So there were days where your whole mood changes based on you know, a customer or something going wrong or something like that. So you become emotionally attached and not mind you I'm not an emotional person, but if you are, just know that maybe something that really triggers you or gets you upset and just having to deal with that and navigate because you got to move forward, obviously, but navigating that is important as well. The emotional side of the business is not just, like you know, just focus on this and that.
Speaker 1:So that emotional side. If you're an emotional person, this ain't for you.
Speaker 2:Yeah this could be a roller coaster, but I say at the beginning but it depends. Some people say you know, the business is their baby and anything that happens affects you forever.
Speaker 1:So but then even I think once you get into it and I'll talk about the other side of it too, maybe down the line once you get into it, you understand it and some of those things kind of roll off your back. But in the very beginning. This is your first business and you're like I'm a emotional person. Somebody was like I don't like talking to people. Oh, I have an essay.
Speaker 1:If you're an emotional person like it's about the work, like meaning now I'm not saying you can't take a barrel of it, Like if something happens in your business and you're going to physically break down. This is not for you, Like physically. I've seen it where people like, oh my God, they start crying. I've heard it, I've seen it, they start crying. This is not for you. Businesses, entrepreneurship may not be for you.
Speaker 2:Yeah, it goes up and down.
Speaker 1:So if you're not okay with that roller coaster where you're like everything's going to be perfect all the time, we've had students as well, where things are glorious early on and we're like this is, I'm like, oh, this is fantastic, this is great, but I'm here to let you know that it will happen.
Speaker 1:I'm going to be the burden of bad news that something bad will happen and how you get over that hump in your business or that challenge in your business is going to determine what this looks like. Not today, not this year, three, four, five, six years from now. Because, if you are like, all right, I'm hyped now Because the thing about it as well is that there's a lot of you got the high highs and you got the low lows. It's easy to deal with the high highs, but when those low lows hit and you're trying to figure out what the next step is, for me that's going to determine how you're going to proceed from there. Yeah, A lot of high highs and a lot of low lows, and then sometimes it's just sometimes it's coasting, but sometimes it's just like regular, like coasting, and when it's coasting you're like what's about?
Speaker 2:that you wait.
Speaker 1:It doesn't look like that's the emotional roller coaster is like you're waiting for the next bad thing to happen. Yeah, when you think about a roller coaster the way it is, you are waiting for your stomach to drop waiting for your stomach to like.
Speaker 1:This is this is too easy. It has to get hard right. That's the challenge. When you start up too fast, you start up too hot. Sometimes you don't even recognize that that drop is going to happen. And when you're not prepared for that drop, oh, your stomach is going to be in your forehead. Yeah, you can't take rollercoaster or nothing. I got this picture. It was me, her, my little brother and we were on a roller coaster.
Speaker 2:I'm smiling clear. I'm cheating my little brother's like.
Speaker 1:Holding on to Joe was like I'm like dying.
Speaker 2:The feeling of my stomach dropping does not feel good, but either way, if you don't like rollercoaster, not for you.
Speaker 1:How about that?
Speaker 2:How about that? Yes, that's what I'm always hesitant. But you like rollercoasters either?
Speaker 1:Yeah, no but you'll get on it.
Speaker 2:I'll get on it, but I'm not excited. The height don't bother me, it's literally the stomach dropping that.
Speaker 1:I don't like, for me like scary movies. I don't like them and I don't even try to watch, but I love scary movies. No, I don't like scary movies. If you don't like scary movies, you shouldn't be an entrepreneur. What? What are you talking about? This doesn't get that bad. Scary movies are scary. Yo, back to your notes, all right. So back to my notes. So you had some stats, so the reality check, so stats on failure rate of startups and small businesses. So if you are of the mindset that I'm going to succeed, I absolutely love it for you.
Speaker 2:I'm excited for you.
Speaker 1:I had that excitement as well. We didn't go into any business thing that we're going to fail yeah.
Speaker 2:We understand that it's a possibility.
Speaker 2:It's a possibility and I think we have an episode on that of like, when it's time to let it go, we definitely do. It's a possibility that it can happen. But I feel like a lot of times when we're on and that's a scary mindset and I guess I can't blame you, but a lot of times when we're on calls where people are asking us questions, they're like but what if this happens? But what if this happens? And at one point I'm like then it happens, you deal with it, right. So when we started out in our cleaning business, there was no one to ask questions, so we just had to deal with it. It happens, you do with it, it's your business, you deal with it. But then sometimes it feels like that's what's stopping us from getting started as people. Sometimes we're just always having this scarcity mindset.
Speaker 2:However, there are some stats out there that kind of speak about businesses, right. So I got this one from Bureau of Labor Statistics which they say may not necessarily be true, which is very weird, but approximately 20% of new businesses failed during the first two years of being open, 45 during the first five years and 65 during the first 10 years. Only 25% of new businesses make it to 15 years or more, which I think that's, I mean listen, if you make it that far, I think that that's great. But we see on our own, because we have partnerships with some of our people, that we recommend that some people are shutting down business within like three months. So it has us, you know, question what's the reason behind that?
Speaker 2:Did they jump it and not have the money for it? Did they think it would be a quick fix? Like, what is the reason behind it? Because for us, when we felt like we were failing, at least in the business, we were about eight months in and we said, okay, let's give it a year to see if this thing works. So I think that's another part of it of being real with yourself, and that cushion that we spoke about of not just relying on it, makes a difference as to if you should jump into a business or not. Do you have the money to know that I may not make money right away Many of our students do but if I don't make money right away, can I sustain the business still? That's essentially a question that you need to ask yourself.
Speaker 1:That's why it's even more important, especially if you have I would say like if you have the nine of five to fall back on, where you have the financial stability, meaning the nine of five is holding me down. I'm also creating a cushion of emergency fund for my personal. I would always recommend that, my personal and my business. And then now it's like okay, I'm going into this thing with the mindset Can I at least do this for a year? Do not start.
Speaker 1:There's another thing, so this is under the reality tech check Do not start anything unless you're not willing to commit, I would say, at least a year to it, because that first year you're going to go through that Valley of despair where the first couple months you may be super excited and then you got the uh well, this is not as easy as I thought it was. And then you go on until the deepest dip is like okay, is this for me, is this not for me? That should have happened within the first three months of your business. Yeah, like those are three different stages where I'm overly excited. Okay, I understand, this is not that easy. Okay, now I need to know if this is for me or not.
Speaker 2:This, that should have happened for the first three months but then also understanding business is not easy, and so I think that that comes with, and we are always mindful of that as well. Like when we're sharing, we always want to make it clear we never said the cleaning business is easy. We just said it's doable, you can do it. Right, you can follow these steps and be able to do it. Now one may say, well, it is easy because I'm behind a computer. Technically, I'm not necessarily going out and doing the cleaning. Okay, that's fair. But you have to do work that I don't think people think about, like you have to do.
Speaker 2:If I'm not paying for marketing, am I walking the beat Right? How am I finding people? Am I willing to put in the time? Am I willing to deal with thing when life happens? Am I still showing up in the business? All of those things matter that people don't take account for. They just it's easier to say, well, it wasn't easy. It is easier to quit. Let's be clear it is easier to quit a business than to continue to kind of push through. But you can push through it if need be. But things to consider if you're not an entrepreneur and you are considering being one, can I sustain when life happens. Can I sustain, maybe for a year, with the businesses and making money right away? Because, like in this day and age, I think, with social media, it feels like the business should make money right away and it's a business at the end of the day. It doesn't always work that way and I feel like people miss that.
Speaker 1:And if you guys, as you guys know, keep in mind, if you're looking for a way, if you're a brand new entrepreneur or an inspiring entrepreneur, if you're looking for a way to make money outside your business and so far we haven't scared you away Making money outside your nine to five we haven't scared you away, you're still inspired by us at all. Don't forget, we have cleanly business university as an option for you. Take control of your income, maintain control over your time. So check out cleanly business university. Link will be in a show notes. Link will be somewhere on the page as well. And if we haven't scared you away so far, this is for you.
Speaker 2:Well, we have many episodes where we don't scare people.
Speaker 1:We have more than this episode. Definitely scared you away.
Speaker 2:This episode is just about keeping it real and you being real with yourself, because I don't got the answer for you.
Speaker 1:This is also for our students as well, as they are either in the business or brand new. So what was that last point you just mentioned? You're not going to remember it, so we'll go to the next one. We'll go to the next one.
Speaker 2:My memory is not the best, so go ahead. What'd you have? I'll let you go.
Speaker 1:No, so we were talking about. I said, at least dedicated year. Go do that. Don't let that value of despair be three months. That should at least be at a minimum. I would say try to put at least a year into whatever you're doing. We started our cleaning business. Eight months in we said, all right, let's just try to go a year. We started our podcast. We said we're going to go for at least 365 episodes. No, no, not 360 days. So at least 12 months, at least a year. So my face, I'm like whoo.
Speaker 2:No, that's a lot of episodes.
Speaker 1:We said we're going to go at least a year and people like most of the podcast is most podcasts that are out there Don't even make it past seven, seven episodes. One episode is essentially seven weeks. Yeah, you start something and you're in seven week, number seven, saying you know what? I'm not doing this. Now you might say that person jumped out where they understood themselves when he, when is it in between? Jump it got too early. And knowing yourself, because that would be the question I will ask for you because then, if I truly knew myself, why did I get started?
Speaker 2:So that goes, my life didn't change in seven weeks. I mean, maybe it did, let's be clear. Okay, maybe something drastic did happen in my family or life, but more than not people for people, their life didn't change within seven weeks. So that would be one thing that I really know myself. Maybe within seven weeks you figure out I really don't like this thing. That's another thing, like I don't know that. I will continue further if I understand that I'm not enjoying this.
Speaker 1:I think that's hard, though I don't. You don't enjoy going to the gym when you first start absolutely not it was like seven weeks to start liking the gym.
Speaker 2:They say it's a 21 days, that's three weeks.
Speaker 1:No, that takes 21 days, every single day, consistently. Okay, it'll take seven weeks. No, no, no, that doesn't 21 days. It's to create a habit. That is not to say if you like it or not, that is just to create the habit of the other thing about that is that people generally can see the Change immediately.
Speaker 2:Businesses you can't. So that's another thing. People like instant gratification With the podcast if you're not getting sponsorship, if you feel like you're not growing, or just with anything that you're not Getting something back in return right away. Many people don't want to continue, but they want to get something in return right away. In the gym, in seven weeks You're seeing something, something is happening I something is happening in the gym in seven weeks, three weeks.
Speaker 1:You're not seeing when you are brand new. That's a seven.
Speaker 2:I didn't say three seven weeks.
Speaker 1:You know what seven? Seven weeks to 21 days.
Speaker 2:Well, the 21 days is when you see changes, what I was saying, I was just giving an example that it happens before. The seven is what I was gonna say. All right, so we go with the seven weeks. Seven weeks in the gym for two months.
Speaker 1:Yes, you will see some consistency. I don't think you can do anything consistently for seven weeks and not see some sort of progress or growth.
Speaker 2:Well, how are you measuring progress?
Speaker 1:So that's what I'm saying. So when we're talking about which one were you on which one? My traits in mindset. So traits in mindset. So one of the traits you have to have an entrepreneurship is consistency. The mindset has to be that I'm going to at least try this thing For a certain amount of time. If you are not willing to have that trait of consistency, this is not for you. So I'm using the example of the gym because, let's say, seven weeks it takes someone. Usually most podcasts don't make it past seven episodes.
Speaker 2:We'll say seven episodes of seven weeks go with that.
Speaker 1:If you are consistently posting one episode every single week, I guarantee you you will get better, I Guarantee. So you're saying for seven weeks you're gonna decide. Okay, this is not for me.
Speaker 2:Maybe the person decides they don't like it. They might. They thought they want to do a podcast and it's been seven times. I think that's enough to know if I like something or not. Maybe things did change in regards to growth and I'm getting better at editing and getting better at showing up. I'm getting better at my camera, my lighting, all those things could get better within seven weeks, but then I realize I just don't like it, I think.
Speaker 1:I don't think it goes down to what you like or don't like. I think it comes down to. That's just my opinion.
Speaker 2:Yeah, I understand.
Speaker 1:That's just my opinion. I think it comes down to you not knowing what your end goal was and you thinking that it was going to be easier than actually was. I don't think most people quit Most people probably. I would agree with that.
Speaker 2:I'm so most people here, okay, well then, most people probably. I'm sure it's just that, most people. I'm sure it's not that they just didn't like it. I'm positive of that Because I'm sure you tested things before you decide to sit down with a camera and light and spend your money in some capacity, some capacity.
Speaker 1:So so if you disagree, so the mindset for entrepreneurship that's required, number one, because this city number two having risk tolerance and resilience, that's that's a big one. Risk tolerance is huge. Yes, risk tolerance.
Speaker 2:Keep in our jobs.
Speaker 1:If you have, so for our, our example, for our situation, we have a very. We had a very low risk tolerance when you first started business, because of me. So if you're married, you have a spouse, you have a family. Your risk tolerance might be different If you're a solo entrepreneur, you're a brand new, or you're a single person, or you're a young person. Your wrist, how is like when we come on investing, and that's another thing too. When you're older person, your risk tolerance is going to be a lot lower.
Speaker 2:When you're younger, your wrist arms is going to be higher.
Speaker 1:Yeah, you have to have at least some version of risk tolerance to start a business, so you should have no shit.
Speaker 2:Yep, and somebody yeah, that's, I agree completely. Oh, this is gonna be a big one. Financial considerations, which we touch on right now.
Speaker 1:This goes so risk tolerance and financial consideration. So that was traits in mindset. You got to have a risk tolerance. And then this one goes into financial consideration. You have to have a financial risk tolerance. There is going to be a risk, no matter what business you start. So One to think about is the potential for loss. It costs money, potential for loss. So I tell everyone that I come across Don't start a business on your last time. Somebody DM me the other day and they said do you think I should join cleaning business University? And then that's usually Asian give a story.
Speaker 1:That's usually a broad question and I don't have the time to kind of dive into your life story. But a story comes after the challenge now becomes. I'm going off of this big blurb of text on a small iPhone trying to give you the best case scenario advice, which is why I do the podcast, which is why we do the YouTube, to kind of go into that.
Speaker 1:Mm-hmm so if it's your last dime and if you Put your money into something and you're expecting an immediate return, Don't know and just know, which is always a challenge because you see people have stories of.
Speaker 2:I was down now and I decided to start this business and it changed my life.
Speaker 1:I mean, we were a hundred fourteen thousand dollars a debt and we started the business and has made over two million dollars, but we weren't down. And now let's be clear.
Speaker 2:That's it like the if we didn't pay off the debt, the debt just would have been there and we was gonna continue with our lives.
Speaker 1:So but it wasn't a make-or-break situation.
Speaker 2:It wasn't a make-or-break situation. We didn't need the cleaning business to take off exactly, and I you do see those stories, but those are one in a million, let's be real about it. Like not Everyone is having that story that they were at their last dime, they started this business and it took off right, or any business, oh yeah, that's. I mean any business and it took off. So most people that's not gonna happen for. So absolutely. If you come to us and say this is my last little bit, or this is the last bit I have to pay for this, we are gonna say absolutely, not do not start this business every single time.
Speaker 2:Do not start this business Because one what we spoke about before now, you're heavily depending on this thing. Anything that goes left, it's gonna be a complete burden for you, right. Then, on top of that, you need to have money to run a business. It costs money. Businesses cost money. I need everyone to get serious about how much it will cost and how they're gonna make that money. Right, so you know, you may have a starting fund, but I know that I may need to get inventory, I may need to do marketing, I need to do all these other things how much it will cost to get started and how much it may be to for me to maintain and continue to grow it. That is highly important. That I don't feel that people take into consideration, and I think because Back before, when we thought about businesses, we only thought about brick and mortars, technically, right.
Speaker 2:We thought about, we thought about a physical business that we had to build and you assumed, you know, get a loan. Those are thousands of dollars. Now it doesn't have to be that way, which is great. It's a lower cost, absolutely, but there's still a cost. There's still money that you need to put into it. There's still money that you need to continue to make it grow. So that's a big thing of knowing a business costs money.
Speaker 1:So let's I want to give some some tangible advice. How do you assess your finances to decide if you're ready for entrepreneurship?
Speaker 2:So it's a good one. I would say what's the personal life look like? First, I would think so.
Speaker 1:Here's some advice, so how to assess your personal finance and decide if you're ready for entrepreneurship, in my opinion, based on our story. So before we dove all then to entrepreneurship, we made sure our personal finances weren't in check. So we were in a good angle if we were budgeting, we were managing our finances, we were having family meetings and we saw that our debt was going down every single month. Mm-hmm, we were checking off these boxes right, so we paid off our debt. We started the business while we were paying off debt, but we understood with the mindset this this business may not work out for us, but we knew that the risk associated with it not working out wasn't going to take us off of our path.
Speaker 1:Yeah so we were. Our goal is to pay off a hundred fourteen thousand dollars. We said, okay, worst case scenario, this business doesn't work out is not going to break the bank for us, we're still gonna be able to keep this thing going. Or the size not for us, mm-hmm. We also had an emergency fund for our personal lives. So our family lives had an emergency fund, so we did that. Another thing we did was have an emergency fund for the businesses. So if things didn't work out, things were a little bit slow, we had the emergency fund to be able to dip into those but I was what else would you add to that?
Speaker 2:I would just ask so if someone doesn't have all those things, should they not start a business? I would say no, okay, everyone's not.
Speaker 1:so good, I'll get you the guy everybody's safety net is different.
Speaker 2:Yeah, I agree, that's exactly the thing. Everybody's safety net looks different. The amount you need for your safety net looks different. The risk tolerance is different. This was our first business. He was all in. I was like, eh, that's our life. To this day I'm still like, eh, so you may be someone that, like I, understand business. I know I'm ready, I'm willing the risk of it. I've done real estate.
Speaker 2:I you know you may be someone that just knows a bit more. This may not be your first business. You are a bit more educated just in this day and age with all the information that's coming out. So I won't say that if you don't have those things that he mentioned, you can't start the business. But maybe these things are not things that you considered. So, hey, think about these things first before you do start the business. And my struggling and my personal. So we're trying to pay up debt.
Speaker 1:I think about it. The goal should have been to Create as much income as possible from the very beginning, versus trying to save and and all that stuff. That's a lot harder. But are you, is your personal life and shambles like financially? Are you completely struggling? At that point there's a so are you completely struggling and your back against is against the wall? Because if your back is against the wall and you're struggling, there's going to be a force of nature that that I would say that I didn't have. Yeah, like this is going to work for me, I'm going to make it happen and we're going to, we're going to push forward. Right, that's the thing that we didn't have when we first started. Mm-hmm, because we didn't need it, because our backs wasn't against the wall. If your back is against the wall and you need this thing to work, you might be hard enough to say you know what? We're gonna push this thing forward. Yeah, let's do it. Let's, let's keep this thing going.
Speaker 2:But, but also. If your back is against the wall, I rather you pay the rent. We've had DMs like that.
Speaker 1:Oh, no, no, I'm not gonna say I'm not going to advise anyone to do something that I haven't done. If you are deciding I'm going to pay rent or start this business now, I know that. I know for a fact that you will. There will be some people out there. Like you know, I put my last diamond to this and it grew. It exploded. That's not gonna be everyone. Like you said earlier. Mm-hmm, it's not gonna be everyone.
Speaker 2:Is that gonna be you?
Speaker 1:More than likely not that. You got to be honest like I don't know if that's gonna be you.
Speaker 2:I don't know you from a whole, I don't know it could be, but Based on the amount of people that I've had interactions with throughout, it's very rare that you're that person.
Speaker 1:Let's talk about having a backup plan for that. So let's say you're, you have some financial ability to invest in your business, you have some financial risk. You mean like you understand it. Now let's hope by having a backup plan for yourself. So let's say the business doesn't work out right.
Speaker 2:So well, before you get to guy, I still had more things that people need an apartment.
Speaker 1:I'm playing.
Speaker 2:I will just want to reiterate that for the financial part of the financial part.
Speaker 1:So you have your personal finances in order. This is like what if the ideal situation, the ideal client, especially for us a cleanie, busy university would be you have your financial situation in check. Like I am not struggling, I got, I make decent income. Like decent might not be a hundred thousand, decent for you might be sixty, seventy thousand, but my finances aren't order. I am not living. Most Americans are living to check, to check it with it in order, not, but my finances are in decent condition.
Speaker 1:I feel comfortable. I'm not struggling if I miss one check at work or my check came late. I'm decent, I am good, I'm not putting my last dime into anything. I'm not putting my last dime into Cleanie, busy university or I'm not putting my last dime into starting a business. I Understand that I may lose money going into business. I understand that my I will lose money.
Speaker 2:How about we say I, not I may.
Speaker 1:I will.
Speaker 2:Yeah, let's say I will. I will lose money in business, oh so it's part of me.
Speaker 1:I need you to dive into that.
Speaker 2:Maybe the definition of business should say you will lose money.
Speaker 1:Let the dive into that more. Can you look into the camera and say that I will lose money when I start a business?
Speaker 2:I my arrow. Sorry, I will lose money when I start a business. I will lose money when I start a business. Like you have to know that part of it. I will also make money, but I will lose. Hopefully make more than I lose.
Speaker 1:There it is. You will lose money if you go into. So that would be a good point right there If everyone looked in the mirror and said before I do this, I will lose money.
Speaker 2:Yeah, it's part of the it's, it's part of the risk of war is money.
Speaker 1:How much you lose money? Yeah, that all fluctuates. The goal is to make more than what you lose. Yeah, that's the goal.
Speaker 2:Absolutely no. And then there's some seasons where I'm losing. There's some Susan's seasons. I may not bring anything in Because I had to go all in on something else, I had to get a training and had to fix something at the come for the company.
Speaker 2:There's some seasons or months that it may be like that. But that's part of business, right, and that's knowing that. Well, maybe the next month it's gonna be way more, or whatever the case may be, and understanding and being comfortable with that, right. And that's another thing. When we have these conversations with students and I'm like well, how much would you say that you feel like you're out, and they're like, oh, $500. And I'm like that's nothing for a business. I'm be very clear for you, clear with you. That's I'm not saying that you losing $500 is nothing. Don't twist the words. I'm just saying that losing that amount in your five months in a business, you actually doing pretty well, if you ask me right, you're not doing bad at all. But once again, it goes back to many of us this is our first time we're getting into this, the first time we're being educated on anything about this, and it's you don't want to lose, you just, you just want to hold on to it right.
Speaker 1:That's another thing for us. I remember when our business broke, even meaning it was able to pay for itself. Yeah that's when we said oh. We got something here.
Speaker 1:Yeah, that wasn't, that's a win because now the everything that the business is generating is now paying for itself. I don't got put that in, so I'm not coming out of pocket, I am not losing. My business is now able to sustain itself. It's like a baby. When a baby starts to be able to do its own thing a little bit, oh, you're getting to walk, now you can talk, you can pour your own milk like somebody Lonnie, obviously but now you're, it starts to be able to sit. Now that's not you making millions and it's on the same stuff.
Speaker 1:No, uber just made a profit. I think. Like a couple weeks ago they, uber reported his first earning season of making a profit. Now we're not building next ubers or lifts or amazons. But we have to know, unless we're Jeff, people talk about starting a business with nothing. Jeff, jeff bezett Bezos from Amazon. His family gave him a quarter of a million dollars to start to start, because people always post the picture of the garage with the Amazon logo in the back, uh-huh. But they gave him a quarter of a million dollars. That's a hell of a start. So both of us are not going to business getting a quarter of a million dollar loan from our family to build the next Amazon. So let's think about that when we are starting.
Speaker 2:Which is along the financial things, at some of the stuff that we spoke about, which 245 thousand five hundred and seventy three.
Speaker 1:Seventy three dollars turn it to nine hundred fifty eight billion. Oh, jeff.
Speaker 2:Yeah, that return is crazy.
Speaker 1:Oh what? Over a million dollars. In 1995 his parents were loaded Like that's what it is in 1995.
Speaker 2:That's a different type of money. So other things that I had down of things that you should consider or maybe the burden of entrepreneurship and businesses and things like that is you always want more. You never stop wanting more, and I think one of our beginning episodes was about this, of why do we always want more? How do we stop ourselves from wanting more? But you always want more.
Speaker 2:I remember we started out with this business what you spoke about we just wanted to pay one bill. Now, one building Dallas is like a hundred oh, I think it was just a two of us a water bill or a cell phone bill. It was not anything. We just wanted to be one bill, right. And then it built to like, okay, it paid one bill, should it pay two? Can it pay our salaries? Can it be a ball of our salaries? Can it double our salaries? You always want more. Now, the way that we want it is different. The way we want and need is if we want to be all the bills now, now we don't just want to pay one bill, we want it to pay all the bill, which is fine, but it becomes a different type of pressure, right? So you always want more entrepreneurship.
Speaker 2:It's very hard to stop yourself and say like, okay, this is enough money, I don't need any more money, and that may be because we haven't reached to that point of wealth there.
Speaker 2:I'm sure there is a point of wealth that you're like I don't even need anything else. That could be that point of that, but many of us probably won't reach to that point of wealth. But you always, always want more and kind of being mindful of that and being mindful of how you look over the, the gems and the things that you, the wins that you have, because that happens, you just you just on a hamster where you just want more and you're not paying attention to the things that you once were excited about. Which brings us, brings me, to a point of. I don't know if you guys know who Vanessa Lau is, but she's a content creator that Basically took a sabbatical for a year and came back and posted a video just about why she left. Now she was at the height of her career and it just speaks on that like just always wanting more, seeing what other people doing, just keep doing more and more and more. And, to shoot me so pointed, she is like, okay, this is too much.
Speaker 1:There was these three, though it was these three millionaires, multi millionaires, like 10, 15, 20, 100, whatever it was.
Speaker 1:Mm-hmm and I think I sent you the story. But he was talking to one of his friends, two guys one month. One had, let's say, a hundred million, other had like five, ten, whatever it was, and the one had had, that had five, said talking to the one that had a million he was talking about, you know, the one had a million just bought his dream house, something he's been looking for all these months, all these years. Bubble blast, super excited and he's like I'm super excited for you, I'm happy that you got, you know, your dream home. They spoke to him a few months later.
Speaker 1:The guy who had a hundred million dollars and the guy who, at five, was like no, the one had a hundred told them like oh yeah, I'm thinking about selling my house. He was like why, this is your dream house, this is the one you've been looking for. He was like the problem was that I wanted this house. I was looking for this house for so long and then, when I got it, I realized that it wasn't the dream house I always wanted, because it became too much for me to handle. It was the maintenance I'm paying for now I had as a hundred million dollars, like the maintenance I'm paying for. It's the long-care, it's the pool guy and something goes out or breaks in the house. At least 25, you know $25,000 bill. He's a. Now the house has me and I'm always gonna be stuck and tied to these, these bills, mm-hmm. And that kind of goes back to the question of Like what's enough and we have an episode on and knowing what's enough for you. We could talk about that.
Speaker 2:Yeah, that's our early episode, early episode.
Speaker 1:Mm-hmm, but that's gonna be a challenge You're gonna face as well. Tell us with. She can probably afford a Private plane that gets her from here to Tokyo, but she just charted one because her private plane can't go that far. All right, what it was? Yeah, her private plane can't go that far. She has a private plane that could probably keep it in the US, but it can't go across to Tokyo.
Speaker 1:She might not ever need that plane to go from here to Tokyo as often as she would like for it to make sense, but she understands where she is. Now I don't need that plane, that's. I don't know what the price range of it is, but knowing what's enough for you at this season in your life it's gonna be super important. So entrepreneurship it will always have you facing a A more, which is not a bad thing, but it's a challenge. It can be a challenge.
Speaker 2:And I know when to kind of like stop and not just look past things.
Speaker 2:Something else that had down was, I Think, that people speak about when we speak about this as well.
Speaker 2:You know a lot of times for entrepreneurial ship and as you're growing and scaling, you bring on a team right, and so the energy. I think that this is important to know the energy and trust that it takes to grow a team. I don't know that people are cognizant of, unless you are, like, maybe, a hiring manager it's your job or director or whatever the case may be in a different position then it is a lot to bring on a team, to train them, to trust them, to have them believe in the same vision that you have for your business. And I think that, yeah, that's the point of a business right at some point we want to scale it at some point. We don't want to be the only ones here. We want to be able to delegate out to other people. And I think thinking about, can I manage, you know, do I even want to manage people and am I the person to do that? I think it's just as important what happened.
Speaker 1:I was checking out the video, okay.
Speaker 2:So managing and the energy and trust of just bringing on people to be part of your team and your vision is Another adder on elements that you may be like. Well, I'm not there yet, but eventually you will get there, hopefully, if your business to continue to grow.
Speaker 1:You got to consider. If you don't want to work with people you don't want you, you don't like people, you don't like talking to people, you don't work with people entrepreneurship is probably not for you. Now you could be a solopreneur where you only have a one-person business, but there are challenges with that as well. So that's something to definitely be mindful of. If you don't like people, entrepreneurship might not be for you, unless you have a partner or you got a remote employee or someone who could kind of take Some of that burden off for you. Something to think about.
Speaker 2:So and the last thing that I had With sometimes you don't feel like doing it. Okay, sometimes you don't feel like doing it and you have to because maybe your family or your team is relying on you and there is no Something happened in the family there. People do not. Customers do not give you the same amount of what's the word grace grace that you may want, right, and you, I think about that all the time. Some people, a lot of us, are not Business owners, so we don't consider that when we're speaking to other people. But customers don't give you grace all the time because they're like it's a business, doesn't matter what's happening, it should still move forward. But there are times you just don't want to do it and you must.
Speaker 2:So if you're a one that like, well, I don't do none, I don't want to do this thing. The business is not starting a business. Doing entrepreneurship is not for you because, like we said, you're always on, so you don't always feel like being on. Obviously don't always feel like talking to your staff, you don't always feel like talking to a set customer, because you could have had a bad day, you could have a death in your family, you could have had all these things happening right, but you must, you must, must, must. So those are, I Don't know, seven, maybe eight.
Speaker 1:Oh, we'll have to go different Account different points that we had of like and again thinking about entrepreneurship and considering and to reiterate Entrepreneurship is it for everyone and that's okay to pursue different paths. We would just want to give you guys a light, an example, yeah, and to give you guys some mindsets and characteristics and traits of people who this may not be for again, like I said, if we didn't scare you away.
Speaker 1:You know what, like I can, I can handle that. Yeah, I can move. Your ship might be for you, you like. You want to try something out cleaning business University? You could check out. Go to wwwcleaningbusinessuniversitycom. Check out our framework, our course, our community to teach you how to start and scale a remote cleaning business where you don't have to clean houses. If you want to make a couple dollars outside your nine of five or a couple hundred thousand dollars on such a night of.
Speaker 1:I'll be something for you to check out. If interested in sponsoring an episode and you want to get your product of service out there, you can be on this podcast too. We just hit seventy five thousand downloads. You could put your product of service in front of at least seventy five thousand years listeners.
Speaker 2:People and if you're like, why just want to hear more on the good of the business? We have a hundred plus other episodes that talk about the good of the business.
Speaker 1:Make sure you watch this episode here testimonials of our students doing well.
Speaker 2:So you know, we're not like we said, we're not here to say that you shouldn't do it at all, but these are things you just should consider that maybe, if you're starting out, you're not thinking about, because the famous line I don't know what I don't know, and now you do, okay. So thank you once again for tapping in with us week after week. Make sure you are subscribing to our YouTube and sharing with other people comment.
Speaker 1:What was one takeaway that you didn't know? Other than they're pursuing a contribution, drop it in the comments below. We'll be sure to respond to you.
Speaker 2:Yep have a good one.
Speaker 1:All right guys, peace Bye.
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