I Want To Start A Business To Pay Off Debt

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Nate has a business idea he wants to start up in order to help pay off debt and calls Dave for advice on writing up a business plan.
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Опубликовано:

21 фев 2019

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Комментарии : 102

@jessicaevens9679 5 лет назад

Dave's face when the caller said he has only repaired 1 board. Lol

@tehufn 5 лет назад

5:39

@luischav3z 5 лет назад

🧐

@t-mayo9571 5 лет назад

Jessica Evens Priceless

@SmallSpoonBrigade 5 лет назад

It's crazy to think that after only having done one that you can have a viable side business like that. I'm surprised he didn't give that face when he found out what the business would be. I've lived in Olympia and the water is extremely cold and there aren't any real waves. Even if he did have more experience, I can't imagine there being a large enough market for it there. Perhaps folks who broke their board at the end of their vacation and didn't get it repaired before returning home, but wasn't so damaged that it needed to be thrown out.

@MsPants1632 4 года назад

Jessica Evens omg!! Starting a business doing something you’ve done ONCE 🤪 Maybe find something you are Reallll good at and start a business doing THAT!! Just a thought 💭

@mikec.4343 5 лет назад

Hey, I replaced the alternator in my car! That's it, I'm opening an auto repair shop!

@tayloranderson8981 5 лет назад

He got a bachelors in business in less than 10 minutes

@seanwagner3605 5 лет назад

As a business grad, I think he got more valuable advice in my opinion for FAR less haha

@MissEricaBarnes 4 года назад

I gotta be honest. I clicked on this expecting to get my heart broken and yelled at because I too want to start an at home business to help pay off debt. I figured Uncle Dave wouldn't be happy about that. Lol. I'm happy he didn't crush my dreams and now I can do it! Thank you Dave. Hope to meet you one day :)

@ShelterDogs Год назад

I suspect Dave OK'd it because the caller didn't mention anything he'd need to buy to repair the surfboards. This is the information I was personally seeking, but unfortunately the answer isn't here. Maybe in another call video.

@MegaTeeruk 4 года назад

I hit a three pointer today. NBA here I come!

@trebmaster 5 лет назад

I really liked the discussion all the way up until he said he only really repaired one board...really? I wouldn’t even think about having a serious prospect like that until I did about 15!

@nicholasolivas317 3 года назад

I know. I thought he's been doing it his whole life.

@Undergroundroots 5 лет назад

After about 5 years i made my side hustle into my full time job, was almost about to give up, thanks to my family's support i didn't . New viewer here Dave, now i gotta start those baby steps.

@EricVsGamingChannel 5 лет назад

Good job! If you don't mind my asking, what's your side hustle (or I guess main hustle now xD)

@Undergroundroots 5 лет назад

@@EricVsGamingChannel selling mostly t shirts on amazon and other market places

@EricVsGamingChannel 5 лет назад

@@Undergroundroots Nice, keep it up!

@nephetula 4 года назад

Strangely, Dave didn't ask about his current financial situation? That's important because if a person can't run his life and home expenses successfully, he probably won't be able to run a business successfully.

@jarrettpierce5626 4 года назад

Love dave’s reaction to the surf board repair business to pay off debt lol 1:49

@InvestingRobinhoodInvestor 5 лет назад

I personally would take care of the debt first before starting a business

@arleneaugustahair8393 5 лет назад

I think it really depends on the type of business you’re starting. I’m a braider and I started out with a pack of combs from Sally’s and a pack of clips. It only costed me about $5. My daughters were my models and it brought me a lot of business. Actually, one of my daughters all of a sudden had people coming to the house with hair after I got off from work on Saturdays. I didn’t even know what was going on but I didn’t turn anyone away because I felt bad about the situation. I was sort of bullied by my daughter into braiding other people’s hair. 🤷🏾‍♀️ Now she’s a braider!

@AmazingStoryDewd 3 года назад

It was because of my business that i paid off my debt at all.

@infamousy2g1 Год назад

Thinking about starting an affiliate marketing business to help pay off debt.

@nicholasolivas317 4 года назад

I am in that same boat myself. Starting to do a Videographery business and trying to pay off debt. Such a learning curve with tech and classes, thank goodness my job offers overtime and beginging to start a 2nd job but debating on changing jobs cause my current job is only going to offer a 1% raise while if I am a baggage handler or flight attendent I could be making much more money however it would mean giving up having weekends off which is important in my business.

@darrensmalley3966 4 года назад

Took notes on this one. Thank you.

@SaveMoneyTricks 5 лет назад

I think if you can work an extra sideline plus your full-time job then do it. After that start planning how to save money little by little. But first, you need to prepare yourself for the change. Embrace the change and look forward to starting a new life. Since then, I lived a better life than ever.

@FunandBudget 5 лет назад

Aww man...he had me until he said he only repaired one...now he sounds like a dreamer heading towards more debt ('cause he is going to pay to learn to repair boards) and more reasons (because the business probably won't work) as to why he has so much debt...sigh

@nicholasolivas317 3 года назад

He should of just get a part job repairing boards at a shop.

@jeromegriffith2859 5 лет назад

GOOD QUESTION!

@clericstorm2009 5 лет назад

Is there a lot of surfing in WA? Obviously it has a coast line, but does the weather allow for it for a good part of the year? Sounds like this guy is trying to sell ice cream in Antartica.

@pennylane36 5 лет назад

No surf shops in Olympia. 1 in Shelton and only one on the coast in Long Beach. People don't really surf in Long Beach or off the Washington coast. I grew up there and people fly kites and ride horses. Ohh and the coast is 90 minutes to 2 hours away If he lived on the coast, he could walk around and repair kites in the beach and charge a small fee but that would only be from spring to September

@SmallSpoonBrigade 5 лет назад

There isn't, there's some wind surfing that goes on, but even that is not a huge thing. Perhaps out on the peninsula, but I never saw or heard of people surfing when I lived in Olympia.

@blackworldtraveler3711 5 лет назад

Get in more debt to get in debt.

@Cristianandtupac 5 лет назад

Oh my gosh some people 🤦🏻‍♀️🤦🏻‍♀️

@jillgott6567 Год назад

Is there a lot of surfing in Olympia Washington?

@aboolowoaa5179 3 года назад

What a great business plan. An inexperienced guy repairing surfboards in the swamp that is Olympia. Kudos to him for thinking outside the box, but we gotta reel it in a bit.

@666dynomax 4 года назад

so I had to look where Olympia Washington was and nearby was a hands on children's museum... And then I said well maybe any business has a chance there

@t26-t5s 4 года назад

Literally just hit 'publish' on my first vlog with this topic, i'm sure i'll get lots of eye rolls yet I launched a business whilst in 6 figures of debt, the business will pay me more than a job so for me it's a means to getting debt free much quicker.

@bentleyboy72 3 года назад

So its been 10 months, man. How's the plan working out for you?

@t26-t5s 3 года назад

FishAntsPlantsAndDave still sticking to it buddy and still going! 50 or so videos/vlogs into the journey now, lots of ups and downs but the journey continues.....

@goldman3293 4 года назад

I didn’t do even once, I am also planning.

@itisAlex_ 3 года назад

😂😂😂

@laurieg5308 5 лет назад

My online marketing side hustle has helped me reduce my debt tremendously.

@ChrisInvests 5 лет назад

That's awesome! I just started my RU-vid channel on personal finance and hope to eventually use it to increase my investments.

@laurieg5308 5 лет назад

Find something you’re passionate about! 👍🏻

@ajamusic7322 5 лет назад

@@ChrisInvests ill check your channel out. Whats your background?

@ChrisInvests 5 лет назад

AJA Music finance 😀

@IllinoisTrafficAttorney 5 лет назад

@@TravelingNatural keep expenses low, never take the mindset that word of mouth will work, and learn skills outside of your practice area. People who rely on word-of-mouth advertisement without a serious promotional or social media campaign are hoping someone will pour food into their trough. It's very much an employee mindset. I came to work and I'm trying hard so people should patronize me. As for secondary skills, learning how to build a basic website, learning basic accounting, learning marketing, and learning how to organize is far more important than most realize. Most importantly, remember that you are a business owner first and a professional second. Many people in my profession make the mistake of assuming the best law firms are run by the bestest lawyers ever when in reality they're run by the best business people who happened to be lawyers. Assuming being the best at your chosen profession is the key to running a successful business is a great way to become a starving artist as it were.

@anthonyhawkins4136 3 года назад

Surf board repair in Olympia?! Bruh the coast is 2 hours away

@DjDupree 5 лет назад

Baby step 2!

@STRAIGHTBOXMUSIC 4 года назад

I want to start a business manufacturing airplanes. I flew on one once.

@blanca2000ify 4 года назад

I believe in you brother. Nothing is impossible you can probably become CEO "Mike Benjamin Manufacturing corporation" lol

@DarkroomMedia007 5 лет назад

7:30 😨

@ArcGlowingVision 4 года назад

The caller sounds like Gary Ridgway.

@1jw298 5 лет назад

Just buy a case of flex seal!

@LittleHatori 5 лет назад

😂😂😂😂

@CathyGoes 4 года назад

Like how he kicked him on mute just as he basically said "dude, this is hobby level not pro level that's going to make you money. Get a job.".

@pao8110 5 лет назад

MOVE TO CALI, WORK IN SAN DIEGO OR HUNINGTON BEACH

@jimmyneesham1630 5 лет назад

One Board???????! One ONE???

@pennylane36 5 лет назад

Surfboards in Olympia??? Umbwhere exactly do people around here use surfboards? You should think about snowboards.

@nicolaslamer7103 5 лет назад

Exactly what I was thinking

@Elizabeth-yg2mg 5 лет назад

It's right on the water--see a map before commenting.

@airthrowDBT 3 года назад

@@Elizabeth-yg2mg People don't surf here. It's cold and not good waves.

@SP-iv2jj 4 года назад

Gems, Peals, and Diamonds being dropped all over this video.

@chrysichrysi7889 5 лет назад

Umm, what kind of surfboards is he talking about? Wind-surfboards or regular ones? He might be at the wrong location all together.

@roxannegordon6162 5 лет назад

Yes he's probably in Saudi Arabia with surf boards standing by the front door in the sand.

@666dynomax 4 года назад

Is there much business in this. Seems pretty tough to make a profit

@alextogo8367 5 лет назад

I would personally pay my debt first.

@adolfo_glo2298 5 лет назад

🥶🥶🥶

@talyahr3302 3 года назад

This conversation was an absolute trainwreck. On both ends too. Did anyone else who's run business cringe when Dave said not to spend money on marketing? 😖 And this guy said he's only repaired one board before. He needs to do it for Free to start.

@KTSpeedruns 5 лет назад

Anybody want to have me write them a song? I’ve been writing video game music on commission for a while!

@tirelantony 5 лет назад

Can you please list some games that contain your songs or a soundcloud? I am planing to get into game dev once I'm able to finance it.

@LittleHatori 5 лет назад

@@tirelantony I'll put my 2 cents in. U need any art? I uh... do art. Lol

@darkwowpg 5 лет назад

Isn't this a stupid idea?

@daniel-vn4ql 5 лет назад

dave does not want to discourage him. And Dave knows it probably would not do any harm to him. If dave thought it would do harm he would not be long telling him not to do it.

@roxannegordon6162 5 лет назад

Where does this guy live Alaska? He's clueless and scratching for anything without thinking.

@aquafishsoup 4 года назад

A surf board repair business... I would imagine people will repair it themselves or just buy a new one.

@nicholasolivas317 3 года назад

@@aquafishsoup some shops have them. Buying a new one all the time can get expensive.

@amymoxley1165 5 лет назад

Help! My dad left my sisters and me a timeshare in a divorce settlement over 15 yrs ago. How do we get out of this nightmare?!

@amymoxley1165 5 лет назад

BTW, we have no debt, and live frugally, but the fees are becoming concerning. My youngest sister has refused to pay. The timeshare is in my name. How should I proceed? My husband and I homeschool our 6 kids and have one income.

@daniel-vn4ql 5 лет назад

@@amymoxley1165 I think there is someone dave recommends to using to get you out of timeshares. Il have a look and see if i can find the company.

@blakeb4583 5 лет назад

Contact a real estate attorney or contract attorney. Someone can’t force debt onto you through a divorce settlement, the only two parties liable in a divorce settlement are the husband and wife/husband & husband/wife and wife. Children are excluded because no contractual agreement was made through the children and parent.

@amymoxley1165 5 лет назад

@@daniel-vn4ql Thanks

@amymoxley1165 5 лет назад

@@blakeb4583 Thanks, I'll look into that.

@Acoustic_Theory 5 лет назад

It is the worst idea to start a business from scratch to pay off debt. To pay off debt, you need to be at your best when you are working at your day job, which pays you a steady and consistent income. If you have a hobby that organically turns into a business because you can connect to the demand and you get steady business, only then can it become a real thing. But it is much more likely that the business will not be able to meet your expectations within a short time span, and you will not only be stuck with your current income (because of no profit when just starting out) but it puts your day job at risk because your personal focus is elsewhere. You should be out of personal debt before you start a business, because you need to be focused on one thing, and you need to not be putting your current employment at risk (especially if your business is expected to start replacing your current job). Also, if you need special tools or equipment, or if your business consumes items, then it is actually a drain on your finances until it generates much more revenue and is able to offset those costs and become profitable.

@SmallSpoonBrigade 5 лет назад

Depends what the business is. If it's something like tutoring or perhaps light gardening with minimal capital expenditure it can work. But, even there the time and money spent on advertising can easily put you in debt rather than get you out of it.