How to Quit Your 9 to 5 Job (& Make MORE Money)

Charlie Chang
16 Aug 202416:52

Summary

TLDRThis video script is a motivational guide for those dissatisfied with their 9-5 jobs, encouraging them to consider entrepreneurship. It debunks the myth that starting a business requires significant capital, instead advocating for a service-based business model. The speaker outlines a strategic plan, including assessing one's current income, identifying high-value skills, building a portfolio, creating a professional website, and marketing services online. The ultimate goal is to reach a point where the side business can replace the traditional job, offering time freedom and potentially higher earnings.

Takeaways

  • 😀 The video encourages viewers dissatisfied with their 9-5 jobs to consider entrepreneurship as a path to greater job satisfaction and financial freedom.
  • 💼 It dispels the myth that starting a business requires a significant amount of capital, suggesting that there are cost-effective ways to begin.
  • ⏱️ The video outlines the importance of understanding your current income and the expenses you need to cover to maintain your lifestyle without a 9-5 job.
  • 💡 It advises viewers to keep their current job while they start building their business to ensure a steady income during the initial phase.
  • 🚀 The speaker recommends focusing on service-based businesses (SBBs) over passive cash flow businesses for faster results and a quicker path to quitting the 9-5 job.
  • 🛠️ The video emphasizes selecting a high-value skill (HVS) that is in demand, solves a significant problem, and is not easily replicable by most people.
  • 📈 It suggests starting by offering your service to a few clients for free to build a portfolio and gain testimonials, which are crucial for attracting future clients.
  • 🌐 The necessity of having a professional website to showcase your work, reviews, and provide contact information for potential clients is highlighted.
  • 📢 The video advises on the importance of advertising your services on platforms like Craigslist and Facebook Marketplace to reach a wider audience.
  • 💰 As you gain experience and positive reviews, it's important to increase your service rates, which can significantly boost your income over time.
  • 🔝 The video concludes by stressing the importance of excellent customer service as a key differentiator that can lead to better reviews and more referrals.

Q & A

  • Why might someone want to quit their 9-5 job according to the video script?

    -The video suggests that many people dislike their 9-5 jobs and feel trapped, often dreading the start of the workweek and looking forward to the weekend. This dissatisfaction with a significant portion of their lives can lead them to seek a change.

  • What is the 'Rat Race' mentioned in the script?

    -The 'Rat Race' is a metaphor for the relentless pursuit of financial success and social status in a competitive environment, often at the expense of personal well-being. The script encourages viewers to escape this cycle by starting their own businesses.

  • What is the myth about starting a business that the video aims to debunk?

    -The video aims to debunk the myth that starting a business requires a significant amount of money. It suggests that there are cost-effective ways to start a business with minimal upfront capital.

  • How much money does the example in the script suggest you need to make per week to replace a typical job income?

    -The example given in the script suggests that to replace a typical job income, one would need to make approximately $1,200 per week.

  • What are the three types of businesses discussed in the video script?

    -The three types of businesses discussed are the 'needle in a haystack' business, the passive cash flow business, and the service-based business (SBB).

  • Why does the script recommend against starting a 'needle in a haystack' business?

    -The script recommends against starting a 'needle in a haystack' business because it typically has one winner and many losers, often taking years to see results, which is not ideal for those looking to quickly transition from a 9-5 job.

  • What is the difference between a passive cash flow business and a service-based business according to the script?

    -A passive cash flow business takes a long time to build and starts slow, while a service-based business sees results much faster with a steep incline at the start, making it more suitable for those wanting to quit their job sooner.

  • What is the importance of having a high-value skill (HVS) in a service-based business?

    -A high-value skill (HVS) is crucial because it solves a significant problem for people and is not something most people can do. This allows for higher charging potential and makes the business more rewarding and easier to grow.

  • Why does the script suggest doing a service for free initially?

    -The script suggests doing a service for free initially to build a portfolio and gain testimonials and reviews, which are essential for attracting clients and establishing credibility for the new business.

  • How does the script recommend advertising services for a new business?

    -The script recommends advertising services on platforms like Craigslist, Facebook Marketplace, and other online marketplaces to reach potential clients, while also having a professional website to showcase work and build credibility.

  • What is the significance of excellent customer service in a service-based business as per the script?

    -Excellent customer service is significant because it influences client satisfaction, reviews, and word-of-mouth referrals, which are crucial for the success and growth of the business.

Outlines

00:00

💼 Escaping the 9-5 Grind

The speaker encourages viewers to quit their 9-5 jobs if they're unhappy, sharing their own experience of quitting within two months. They emphasize the common dissatisfaction with jobs that consume a significant part of life. The video is aimed at those who want to start their own business or are unhappy with their current employment. The speaker offers a free business blueprint for starting a business with minimal upfront capital, debunking the myth that starting a business is expensive. They guide viewers on calculating their current income, necessary living expenses, and suggest keeping the job while starting a business to ensure financial stability during the initial phase.

05:00

🚀 Choosing the Right Business Model

The speaker discusses three types of businesses: high-risk, high-reward 'needle in a haystack' businesses, passive cash flow businesses like blogs or real estate, and service-based businesses. They advise against the high-risk model due to its long gestation period for results, which can deter many from continuing their entrepreneurial journey. Instead, they recommend focusing on either passive cash flow or service-based businesses. The speaker then compares these two options, illustrating the slower growth of passive income versus the quicker, steeper growth of service-based income. They conclude that service-based businesses are more suitable for those looking to quit their jobs sooner rather than later.

10:01

🛠 Building a Service-Based Business

The speaker outlines a strategic plan for starting a service-based business (SBB). They suggest picking three skills and choosing one to develop, emphasizing the importance of selecting a high-value skill (HVS) that solves significant problems and is not commonly known. The next steps include becoming very good at the chosen skill, offering free services to build a portfolio and gain testimonials, and creating a professional website to showcase work and attract clients. The speaker also recommends advertising on platforms like Craigslist and Facebook Marketplace to reach potential customers, highlighting the importance of excellent customer service as a key differentiator.

15:01

🌟 Transitioning to Full-Time Entrepreneurship

The speaker discusses the transition from a 9-5 job to full-time entrepreneurship, focusing on the importance of building a service-based business that can generate sufficient income to replace the job. They emphasize the value of charging competitive rates for services, with the potential to increase these rates as experience and reputation grow. The speaker also touches on the scalability of service-based businesses, suggesting that they can evolve into larger operations with a team of service providers. They encourage viewers to take action, use the provided resources like the free business blueprint and website hosting deals, and persist in building their business while working, with the ultimate goal of achieving financial independence and job satisfaction.

Mindmap

Keywords

💡9-5 job

A '9-5 job' typically refers to a traditional full-time job where an individual works from 9 AM to 5 PM, Monday through Friday. In the context of the video, it represents the standard employment model that many people find unfulfilling or restrictive. The speaker encourages viewers to consider leaving this type of job to pursue more fulfilling work or entrepreneurship.

💡Entrepreneurial itch

The 'entrepreneurial itch' is a colloquial term used to describe the desire or inclination to start one's own business or venture. The video suggests that individuals with this itch might be dissatisfied with their current jobs and are looking for ways to break free from the conventional 9-5 work model to start their own businesses.

💡Rat Race

The 'rat race' is a metaphor for the relentless pursuit of success in a competitive and often unfulfilling environment, typically associated with corporate jobs. The video uses this term to describe the cycle of dissatisfaction that many people experience with their 9-5 jobs, and how starting a business can be a way to escape this cycle.

💡Time Freedom

In the video, 'time freedom' refers to the flexibility and control one has over their own schedule, which is often limited in a traditional 9-5 job. The speaker advocates for entrepreneurship as a path to achieving this freedom, allowing individuals to work when and how they choose, leading to a better work-life balance.

💡Service-Based Business (SBB)

A 'service-based business' is a type of business that provides a service to clients rather than selling a physical product. Examples include web design, photography, or consulting. The video emphasizes SBBs as a viable and accessible option for those looking to transition from a 9-5 job to entrepreneurship, as they often require less initial capital and can yield quicker results.

💡High Value Skill (HVS)

A 'high value skill' is a skill or service that is in high demand, has a high perceived value by customers, and is not easily replicable by others. The video suggests that choosing a business based on an HVS can lead to higher earning potential and a more successful business. It's a key factor in determining the success of a service-based business.

💡Portfolio

In the context of the video, a 'portfolio' refers to a collection of work samples that demonstrate an individual's skills and expertise in their chosen service-based business. The speaker advises building a portfolio, even if it means providing initial services for free, to gain testimonials and showcase one's capabilities to potential clients.

💡Testimonials

Testimonials are positive reviews or endorsements from clients or customers attesting to the quality of a product or service. The video highlights the importance of testimonials in building credibility and trust for a new business, especially when starting a service-based business where personal reputation plays a crucial role.

💡Passive Cash Flow Business

A 'passive cash flow business' is a business model that generates income with little to no ongoing effort after the initial setup. Examples include rental properties, dividend stocks, or a successful blog. The video contrasts this with service-based businesses, suggesting that while passive income can be lucrative, it often takes longer to establish compared to the quicker returns possible with SBBs.

💡Customer Service

In the video, 'customer service' refers to the interactions and assistance provided to customers, which can significantly impact their satisfaction and the success of a business. The speaker emphasizes that excellent customer service can set a business apart, even if the service provider is not the most skilled in their field, by ensuring clients have a positive experience.

💡Outsourcing

Outsourcing is the practice of hiring external parties to perform business tasks that were traditionally done in-house. The video mentions outsourcing as a strategy for growing a service-based business by allowing the entrepreneur to focus on management and system building rather than performing all tasks themselves, which can lead to scaling the business and achieving a passive income model.

Highlights

Quitting a 9-5 job can be liberating and is a common desire among many people.

The speaker quit their job after just two months and never looked back.

Disliking a job that takes up a significant portion of one's life is a common dilemma.

The video aims to help viewers escape the 'rat race' and find fulfillment and financial success.

A common myth is that starting a business requires a lot of money, which the video aims to dispel.

The video provides a step-by-step guide to starting a business with minimal upfront capital.

Calculating your current income and necessary living expenses is the first step to financial independence.

The importance of keeping your job while starting a business to ensure a steady income is emphasized.

Three types of businesses are discussed: needle in a haystack, passive cash flow, and service-based businesses.

Needle in a haystack businesses are high-risk with many potential failures.

Passive cash flow businesses can take a long time to start generating income.

Service-based businesses offer faster results and are recommended for those looking to quit their job sooner.

The video illustrates the growth trajectories of different business types to show why service-based businesses are ideal.

Picking a high-value skill (HVS) is crucial for a successful service-based business.

Becoming very good at your chosen skill is more important than being an expert when starting out.

Offering services for free initially can help build a portfolio and gain valuable testimonials.

Building a professional website is essential for showcasing your work and attracting clients.

Advertising your services on platforms like Craigslist and Facebook can be effective for client acquisition.

Charging clients appropriately for your work is important as you gain experience and reviews.

Providing excellent customer service can differentiate you from competitors and ensure repeat business.

The video concludes with encouragement to take action and start designing one's ideal life.

Transcripts

play00:00

quit your 9-5 job because let's face it

play00:02

you hate it after working a 9-5 job for

play00:05

Just 2 months I quit and never look back

play00:07

no but seriously if you're like most

play00:08

people you wake up each morning thinking

play00:10

hm I need to go to work or how many days

play00:12

until the weekend and don't forget the

play00:13

dread you f on Sundays because guess

play00:15

what the whole cycle starts over on

play00:19

Monday now this is an extremely common

play00:21

dilemma extreme dislike for something

play00:23

that takes up a third of your life or

play00:25

more and I mean you're watching this

play00:26

video because you're trying to design

play00:28

your best life and a crap job is just

play00:30

not going to cut it now if you like your

play00:32

job stop watching this video or if

play00:33

you've never had the entrepreneurial

play00:35

itch of starting your own business then

play00:36

yeah click out of it but if you don't

play00:38

like your job or you've always wanted to

play00:39

do your own thing I think you're going

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to find this video extremely valuable I

play00:43

know you will because this is exactly

play00:44

how you can get out of the Rat Race do

play00:46

something you actually enjoy have time

play00:48

Freedom feel way more fulfilled and just

play00:50

make a lot more money and guys if you

play00:51

want my free business blueprint I'll

play00:53

have a link down below it'll cover all

play00:55

the steps you need to actually start

play00:56

your own business today so there's a big

play00:58

myth that it costs a lot of money to

play01:00

start a business but in this video I'll

play01:01

show you a proven way that actually

play01:03

works while costing you barely any

play01:06

upfront Capital this is absolutely false

play01:09

so let's work backwards because it's

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going to help you understand how much

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money you need to survive without your

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job so the first thing you're going to

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ask yourself is how much money do you

play01:16

currently make at your job write that

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number down and let's say for example

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we're going with $660,000 at 40 hours

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per week this means that you're making

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about $30 per hour and that equates to

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about $240 $ per day that you're working

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so 5 days per week if you have lower or

play01:34

higher numbers than this then it's going

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to be a littleit different but this is

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just the example that I'm going to use

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now to replace your current income

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you're going to need to be making this

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much money 5 days per week on average so

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in this example it's going to be about

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$1,200 per week so let's write that down

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$1200 per week just four different ways

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of looking at it the next thing we're

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going to do is figure out how much money

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we need to live so essentially what

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you're going to do is add up all of your

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recurring bills so let's go ahead and do

play02:00

that here bills so it could be something

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like your rent your mortgage you're

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going to have your food your car so

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Transportation cost gas whatever

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utilities we're going to add all that up

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and then add 15% just to be safe let's

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say we add this up and it equates to

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2.5k per month that's going to be about

play02:19

$600 per week that we need to survive I

play02:23

guess 625 to be more exact so while

play02:26

you're doing all this brainstorming you

play02:28

need to still be working please please

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please keep your job keep that income

play02:31

coming in because when you start a

play02:33

business there's definitely some Delay

play02:35

from actually working to seeing actual

play02:37

results so I want you guys to decide

play02:39

what type of business you're going to

play02:40

start while working and actually start

play02:42

building that business while keeping

play02:43

your job this is super super important

play02:46

so let's go over the three different

play02:47

types of businesses you need to be aware

play02:49

of the first is the needle in a Hy stack

play02:52

business in this case there's basically

play02:54

One winner and a bunch of losers these

play02:56

are usually your unicorn companies like

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apple Facebook whatever think about all

play03:00

the number of social networks that tried

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to start yeah like 99% of them failed

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second is your passive cash flow

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business so this is going to be

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something like a Blog YouTube channel a

play03:09

real estate portfolio stuff like that

play03:10

and third is going to be your

play03:12

service-based business this is exactly

play03:14

what it sounds like doing some type of

play03:15

service for a client this could be Web

play03:17

Design Services it could be photography

play03:20

making videos for people painting homes

play03:21

cleaning cars the list goes on now the

play03:23

first thing we're going to do is rule

play03:25

out the needle in the Hast stack

play03:26

business I do not want you guys to focus

play03:28

on the type of business I myself do not

play03:30

have any experience with this I've never

play03:31

built a crazy big company like that and

play03:33

I think for most people that is not the

play03:35

way to get into entrepreneurship the

play03:36

biggest reason why people quit their

play03:37

entrepreneurial journey is because they

play03:39

don't see results fast enough and with

play03:41

those types of businesses it's very

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likely that you won't see results for

play03:44

years so that leaves us the other two

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and now what we're going to do is

play03:47

basically compare the pros and cons of

play03:49

these two types of businesses so we're

play03:51

going to have SBB service-based business

play03:54

and we are going to have passive cash

play03:56

flow business let's draw a graph and

play03:58

this is just going to illustrate this

play03:59

whole point while talking about the pros

play04:01

and cons here we will have time and here

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we will have results so just say money

play04:06

so starting with a passive cashow

play04:07

business this is basically what it's

play04:09

going to look like it's going to start

play04:10

off really really really slow you

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probably won't see much results at all

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and at some point it's going to go up

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like that right this is essentially zero

play04:18

and then with the service based business

play04:20

it's going to be something more like

play04:22

this okay like that should be like that

play04:24

and at some point it can also go up like

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that what you can immediately see is

play04:28

that the service based business sees

play04:30

results way way way faster right we have

play04:33

this really steep incline at the start

play04:35

whereas with the passive cash flow

play04:36

business it takes a long time to build

play04:38

that and while the passive cash business

play04:40

is amazing don't get me wrong it's just

play04:42

that for people with a 9 to5 it's

play04:44

probably not the best thing to do

play04:46

especially if you want to get out of

play04:48

your job as soon as possible let's also

play04:50

introduce your current income so CI

play04:53

let's say that's something like this

play04:55

right slowly goes up over time and we'll

play04:57

mark that as 60k for example now the

play05:00

thing you want to ask yourself is how

play05:01

long do you wait until you actually quit

play05:04

your job for most people if they don't

play05:05

like their job they're going to want to

play05:07

quit as soon as possible right they

play05:08

don't want to be stuck in that job for

play05:09

that long so this is basically that

play05:11

point where the service-based business

play05:14

income exceeds the current income from

play05:17

working your 9 to5 job this might not be

play05:19

the scale because makes it seem like

play05:21

it's not that long but this can be a

play05:22

month it can be 3 months 6 months 12

play05:24

months it can be even longer the main

play05:26

point is that this is just much much

play05:28

faster than this time it takes for the

play05:31

passive cash flow business to exceed

play05:33

your current job and if I come over here

play05:34

there's going to be this little point

play05:36

right here where the passive cash flow

play05:38

business can actually exceed the service

play05:41

based business income you might be

play05:42

thinking this is probably capped out for

play05:44

the service based business but you can

play05:46

actually make it go up like that and

play05:47

we'll talk about that later on this

play05:49

video so as you can see the real winner

play05:51

right here is SBB service based business

play05:53

this is what we're going to go after

play05:55

this is the best type of business to

play05:56

start for beginners and hopefully this

play05:58

illustration makes it quite clear so now

play06:00

that we've settled on a service-based

play06:02

business let's plan how we're actually

play06:04

going to strategically carry this out so

play06:06

step number one is to pick three

play06:08

different skills and then settle on one

play06:10

of them easier set than done but let's

play06:11

talk it out I want to give you guys some

play06:12

inspiration because a lot of people they

play06:14

get stuck at the spot they're like I

play06:16

don't know what things I can do but

play06:18

chances are you already have a ton of

play06:20

skills in your tool belt you just

play06:22

haven't really thought that they can be

play06:23

possible businesses so we have

play06:25

photography car washing cleaning windows

play06:27

web development graphic design being a

play06:28

handyman consult in tutoring power

play06:30

washing videography the list goes on the

play06:33

main thing is that whatever skill you

play06:34

choose it needs to be a high value skill

play06:37

H vs that's what I call it it needs to

play06:39

solve a big problem for people and it

play06:41

needs to be something that most people

play06:42

do not know how to do for example a low

play06:44

to medium value skill be something like

play06:46

babysitting it's something that most

play06:48

people can do doesn't take that much

play06:49

technical expertise and so that's why

play06:51

it's not an hvs I will make one

play06:53

important note the last thing you want

play06:55

to do is pick a low value skill that is

play06:57

very capped in how much money it can

play06:58

make you yes you can still build a

play07:00

fantastic business doing it but for me

play07:02

I'd way rather pick a high value skill

play07:04

it's just going to make the whole

play07:05

process a lot more rewarding and easy

play07:07

and we'll know it should be something

play07:08

that you do enjoy doing so once you pick

play07:10

that skill the second step is to get

play07:12

really good at that skill now please

play07:14

note that I said very good and not an

play07:16

expert you do not need to be an expert

play07:18

at anything in order to charge for your

play07:19

services you just need to be very good

play07:21

sometimes even good is good enough of

play07:23

course how long this takes depends

play07:25

entirely on your starting level it's

play07:27

going to depend on how fast you learn as

play07:29

well as how much effort you put into it

play07:31

this is something that I always tell

play07:32

people it's to watch YouTube in the

play07:33

morning aka learn and then in the

play07:35

afternoon that's when you actually apply

play07:37

it and do all the Hands-On stuff so take

play07:39

information into your brain in the

play07:40

morning and actually use your hands to

play07:42

do it in the afternoon step number three

play07:44

is to do this service or skill for at

play07:47

least two to three clients for free some

play07:49

people will say don't work for free but

play07:51

in my opinion it is totally okay to do

play07:53

this for free to build up your portfolio

play07:55

yes it's going to be unfair because

play07:57

you're doing a service those people are

play07:58

going to you know get something without

play08:00

actually spending any money but what you

play08:02

do need to ask them for is a great

play08:04

testimonial testimonials and reviews

play08:06

these can make or break a business

play08:08

especially at the start so you can get

play08:09

two to three fantastic reviews or two to

play08:12

three different case studies with videos

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that you can post on your website then

play08:15

this is going to be ideal this is going

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to be a big game changer for example

play08:18

when I started photography I did so many

play08:20

free shoots at the start I built up my

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skills and then I started charging money

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and that sort of takes us into step four

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which is to actually build your own

play08:26

website having a Business website is so

play08:29

so important for getting new clients

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it's exactly how I've built all of my

play08:32

service-based businesses and yeah you

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need to show off your work you need to

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show off your reviews your case studies

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have a place where people can actually

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see your info contact you book you

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frequently ask questions and things like

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that so I'll say that by the time I made

play08:43

my first million dollars with

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entrepreneurship I'd probably made at

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least 20 plus different websites now

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I'll say marketing is so important this

play08:50

is a big mistake I made when I was

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starting out and having your own

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websites is a huge portion of your

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marketing if you're watching this video

play08:55

I have a fantastic deal for you through

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hostinger it's why I used to host almost

play08:59

all of my own business websites and yeah

play09:01

if you click on the link down below it's

play09:02

going to be somewhere in the description

play09:04

you'll be able to create up to 100

play09:06

different websites with just one plan

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that is about $3 to $4 per month and if

play09:10

you use code Charlie Ching at checkout

play09:11

that's going to take an even bigger

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discount and a really professional

play09:14

looking website is only going to take

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you a few minutes to make using their AI

play09:18

website builder it's actually so easy

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you don't need to know how to build

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websites all you have to do is tell the

play09:22

AI what you want on your website you can

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pick a template if you want to it's

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going to generate a bunch of text and

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build out the foundation of your website

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and you can go in make some quick edits

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put in your portfolio and then bam you

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have your own business website this is

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seriously going to be the one place that

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most of your clients find you and

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actually book you from so please please

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please do not skimp out on your website

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and please take advantage of that deal

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because it's insanely affordable again

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one hosting your plan allows you to

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build up to a 100 different websites so

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if your first business doesn't work out

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or you want to start a second business

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or third or fourth just use that one

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plan and create more websites okay step

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number five is to advertise your

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services on Craigslist Facebook

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Marketplace and any other online places

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to do the step of course you need to

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have your own website this is seriously

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going to help your conversions a lot and

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a lot of people they are super surprised

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when I tell them to post on Craigslist

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in Facebook Marketplace but this is

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actually where I've gotten a lot of my

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own clients I've made hundreds of

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thousands of dollars just from clients

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on Craigslist and Facebook and

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essentially the funnel is you post on

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those sites you link to your websites

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they see your work and then they contact

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you if you're doing a service that is

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not super in person then you can

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absolutely post on other sites like

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fiver or upwork that can be a great way

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to to start getting your first clients

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so step six is you want to charge your

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clients for great work the great thing

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is that as you get more experience as

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you get more reviews your prices will go

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up they should go up for sure and don't

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worry because like when I started

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tutoring I was charging between $25 to

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$30 per hour this is when I didn't have

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a portfolio I didn't have any client

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reviews and then at the end I was

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charging between $50 and $60 so

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essentially doubled and this was in 2015

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by the way so the rates right now would

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be quite a bit higher just know that

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this is the lowest you will ever make

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per hour with your service or skill

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every idea I said before everything can

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be over $100 per hour and let's say your

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goal is to reach $60,000 in annual

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revenue at $100 per hour you only need

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to work 600 hours in one year so that's

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about 11.5 billable hours per week or if

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you're able to charge $250 per hour

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which is extremely doable it's basically

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what I was charging when I stopped

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freelancing that means you only need to

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work 7.7 hours per week to make $100,000

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in one year or let's say you charge

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$33,000 per event for example graphing a

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wedding you only need to work 40 events

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per year to make $120,000 and so you see

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where the importance of having that hvs

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comes in because the more valuable that

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high value skill is the easier it is to

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charge $250 even $500 an hour in many

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cases number seven is service beats

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everything so even if you're not the

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most skilled you will have the best

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customer service customer service is

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something that you can't really teach

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that personality that how to talk to

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people and making people feel good but

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you can absolutely learn the skills as

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you do the job that's why it's so

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important to prioritize the service

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because how you leave people feeling at

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the end of the day that's what's going

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to influence the reviews that's what's

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going to influence how many people they

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tell about your services and ultimately

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the success of your business so you're

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going through all these steps building

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up your service-based business and once

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you start making enough money that is

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when you can quit your job and yes it's

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going to take incredible sacrifice while

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you're working both your job and

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building up your business but I

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guarantee you at the end of the day it's

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going to be so worth it now you can

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basically choose how much do you want to

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work many of these service based

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businesses can also be completely remote

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you can make your own schedule you can

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take days off whenever you want you can

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choose who to work with there's no boss

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looming over your shoulder and when done

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right the hourly rate for your services

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it's likely going to be way way higher

play12:41

than your previous hourly rate so yeah

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just note you guys this is not a sexy

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business it's very hard to start off

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sexy there are some people that do it

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it's a lot of luck but for most people

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like 95% plus of people this is the

play12:53

blueprint you need to follow because

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this will almost guarantee that you can

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leave your job it has a very very high

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chance of being successful now if you

play13:01

want to be sexy there are many ways to

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do it with any service-based business

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I'll go over this really quickly but I

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did want the bulk of this video to be

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focused on actually getting started

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because I think that's what's going to

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be most relatable for most people

play13:12

watching the video but just know that

play13:14

with your business even if it is a

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service-based business it can absolutely

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grow it can turn into an actual business

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it can turn passive it's just going to

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take more time and actually hiring a

play13:23

team of people right so think about if

play13:25

you can have your service-based business

play13:26

but you have multiple service providers

play13:29

doing the work for you then at some

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point you're not going to have to be

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trading your time for money you're just

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going to have to manage the people

play13:34

you're going to have to build the

play13:35

systems to manage the people and that's

play13:37

basically how every Big Business works

play13:39

you'll find that likely many parts of

play13:40

your business can be outsourced to

play13:42

overseas so you can hire admin support

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project managers graphic designers web

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design editing Services you know

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customer support a lot of these roles

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can be hired overseas that's just going

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to save you a ton of money how do I know

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this because on my team of about 60

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people almost every single person is

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overseas the key word here is aage

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you're hiring other people to do tasks

play14:01

for you so that you are not trading your

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time for money every very rich person

play14:05

has no idea how much money they are

play14:07

making per hour so that's the end goal

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that's not the goal right now when

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you're starting out but just know that

play14:12

that is where you want to get to in the

play14:13

future one thing I do want to know is

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that as you're building your first

play14:16

business you are learning so many new

play14:19

skills it is actually completely okay if

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your first business does not do that

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well if it Fizzles out you can do a

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second one you can do a third one the

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great thing with these service based

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businesses is that there is very little

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risk there's a essentially no money risk

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it's just all your time and energy so if

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you keep at it while working your job at

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some point it is guaranteed that you'll

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be making enough money to quit you just

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need to persist until that happens yeah

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overall starting a business it's

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definitely something that a lot of

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people think is extremely risky and

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that's mostly because they're thinking

play14:45

about the needle in the Hast stack

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business they think you need to invest

play14:48

hundreds of thousands of dollars they

play14:50

think most businesses fail but that

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simply is not the case you're just

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focusing on the wrong type of business

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to get out of the Rat Race you need to

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do something that takes less less risk

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that takes less money and can guarantee

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you an out essentially what I'm just

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trying to tell you guys is that you need

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to just risk your time and energy you

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don't need to risk your finances and I

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think that's the thing that's holding

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most people back when it comes to

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getting out of their job and then

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actually starting their own thing so

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everyone that's watching this video If

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you seriously don't like your job you

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don't enjoy what you're doing I really

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hope you can find a new job or position

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or you can just you know start doing

play15:22

this build your own business Do Your Own

play15:23

Thing using the steps in this video at

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some point you will be able to quit your

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job it's truly my biggest wish that

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everyone in the world that wants to work

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for themselves and do their own thing

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has the opportunity to do so because

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yeah being an entrepreneur building your

play15:34

own business has been one of the best

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things I have ever done for myself I do

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want to remind you we have a free

play15:39

business blueprint Down Below in the

play15:41

description starting business can be

play15:42

pretty tricky there are many things you

play15:44

need to set up and I'll show you exactly

play15:45

what things you need to set up along

play15:46

with big discounts in that guide and

play15:48

also building a website is so easy and

play15:50

so affordable nowadays so if you've been

play15:52

thinking about having your own website

play15:53

definitely check out that link down

play15:55

below to hostinger make sure to use code

play15:56

Charlie Chang at checkout website

play15:58

hosting is about $4 per month and

play16:00

something that every aspiring

play16:01

entrepreneur needs to have all right so

play16:03

I really hope you guys enjoyed this

play16:04

video I hope you got some valuable

play16:05

information from it I know we covered a

play16:07

lot so maybe go through again take some

play16:09

notes but yeah the biggest message I

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wanted to leave you is to just go for it

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take action you only have one life so

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it's really important that you design it

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and live the best life you can and yeah

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your work is a third of your life so

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might as well make that something you

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get fulfillment from I am way more happy

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doing the things I do today versus

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working my corporate job and I hope you

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get to experience that as well if you

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got any value from the video make sure

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to give this video a like and also

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subscribe for more content just like

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this I do a ton of videos about personal

play16:34

finance entrepreneurship and investing

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thank you so much for your time and I'll

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see you in the next video peace

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[Music]

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[Music]

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الوسوم ذات الصلة
EntrepreneurshipJob FreedomBusiness Start-upIncome ReplacementService-Based BusinessPassive IncomeTime ManagementFinancial IndependenceSkill MonetizationWork-Life Balance
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