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If You Can't Answer These 3 Questions, Don't Start a Business 

Ken McElroy
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23 сен 2024

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Комментарии : 57   
@KenMcElroy
@KenMcElroy 5 месяцев назад
If you appreciate the effort we're putting into these videos and want to support the channel, share this with someone you think would benefit! It would really mean a lot. thanks
@henrywinterheld1773
@henrywinterheld1773 4 месяца назад
I was looking to start a business years ago, and a friend of mine said something to me that wound up coming true. Just because there is a gap in the market, doesn't mean there is a market for the gap. That wound up being true in my case and we went under. Lesson learned
@poonekar
@poonekar 5 месяцев назад
Most people, experienced and inexperienced, spit out theoretical concepts of how one can be successful in business, which makes sense but most people don't know how to apply it. The way this video is different is that it provides a real example of a business idea based on these principles that you can start today and be wildly successful. Great stuff Ken!
@tobybrown1179
@tobybrown1179 3 месяца назад
I’m in the service industry in a semi rural area, only 1 competitors in most that we do. Yes this was why we started 10 years ago
@zmarkhamsd
@zmarkhamsd 2 месяца назад
I really appreciate the amount of disclosure and quality of information that you are sharing about how you run and operate your businesses! Very few on social media provide such quality content!
@leadgenjay
@leadgenjay 5 месяцев назад
Ken really hits the nail on the head about solving real customer problems. To add to that, a successful business often hinges on the founder's ability to validate the market quickly and cost-effectively through techniques like the 'Lean Startup Method' which focuses on building a minimum viable product to test market assumptions. It's a game-changer for minimizing risk and capital.
@angelajulian6969
@angelajulian6969 10 дней назад
Great message. I love your shirt!
@bfrances2354
@bfrances2354 5 месяцев назад
Excellent presentation Ken!
@JuanPena-wy4hx
@JuanPena-wy4hx 4 месяца назад
Are you using compression on your audio cause your sounds is all over the place
@iamanovercomer3253
@iamanovercomer3253 5 месяцев назад
Dollar general is crooked ‼️ they are understaffed, price is higher at the register than on shelf ‼️
@davidbrooks8809
@davidbrooks8809 5 месяцев назад
😢True!!😮
@athenapaquette
@athenapaquette 3 месяца назад
@kenmc this is great basics nakes you more global biz wise. These general pricipals are great.
@BScott-hi2hc
@BScott-hi2hc 5 месяцев назад
Ken not sure if you'll actually see this,but if somehow you do I would greatly appreciate any advice. I'm currently about to start a business to become a home inspector and keep my day job as well. I'm about to get into investment properties as well. I feel like in this field It can help me know the ins/outs of a house plus making me extra $. Any advice I would appreciate. Love your content and it's been so helpful with my education process of real estate. Thank you. God bless!
@harley96cube
@harley96cube Месяц назад
Hmmm, maybe a property mgmt company is in my future. Good stuff! Thanks Ken
@perennialcannabisbrand2602
@perennialcannabisbrand2602 5 месяцев назад
Whoa... The shirt is a trip! Is he going to build and eventually sell-out to Blackrock?
@precisionc3656
@precisionc3656 5 месяцев назад
No that’s the golf course in Idaho
@jesusgil2256
@jesusgil2256 5 месяцев назад
Awesome video Ken!
@RD-zq7bp
@RD-zq7bp 5 месяцев назад
Blackrock shirt?
@BethanyGuajardo
@BethanyGuajardo 5 месяцев назад
It’s a golf course in Idaho :)
@motoole3200
@motoole3200 3 месяца назад
Thanks 👍
@corythegreat13
@corythegreat13 5 месяцев назад
Thank you, Ken! How would you recommend learning the management game? are there any books or courses that helped you back in the day?
@bvssrsguntur6338
@bvssrsguntur6338 5 месяцев назад
Problem: Amazon returns employee in Kohls not even given a chair to sit even when not transacting.
@claudiadiarte5309
@claudiadiarte5309 5 месяцев назад
How can one start a property management company? If no experience, should one go work for a property management company first?
@katydid2877
@katydid2877 5 месяцев назад
There are property management franchises
@zeusbear4683
@zeusbear4683 5 месяцев назад
Good stuff!
@sumoftheoutdoors824
@sumoftheoutdoors824 5 месяцев назад
Just landed in your town. I have a 2 hour lay over. I'm thinking that someday I'll be at your level and would just drop in and say hello. For now I'll just keep planning my way to the top.
@antoniostephano
@antoniostephano 5 месяцев назад
@0:55 I am not sure I agree that you want to he the only restaurant. In places like NYC, areas become more popular because they become destinations for people who want to go out to eat and want choices. When these areas become destinations each of the several restaurants can potentially do better than if they were the only restaurant.
@khucngantieu
@khucngantieu 5 месяцев назад
Scarcity is your restaurant unique and good enough for people to go out of their ways? If not then your point holds.
@DoctorMindbender
@DoctorMindbender 5 месяцев назад
Yeah, I'm sure no one thought of grocery delivery before door dash.
@missmocharn
@missmocharn 5 месяцев назад
What about the bread aisle?
@fabuloushostess6171
@fabuloushostess6171 5 месяцев назад
Why are you wearing a BlackRock shirt and why does it have skull and bones on it?
@RD-zq7bp
@RD-zq7bp 5 месяцев назад
That is a little unsettling actually. Think he’s compromised
@curtissnow9546
@curtissnow9546 5 месяцев назад
Larry fink is based now it’s ok
@mainstreetsilverback
@mainstreetsilverback 5 месяцев назад
That doesn’t look like a skull and bones. Zoom in.
@josecarlosllerena7201
@josecarlosllerena7201 5 месяцев назад
Thanks Ken , Thank you for all the advice. I am currently a property manager in Miami Downtown . I would like you to advise me on how to create my business. Or if you have a course that I can pass to learn and open my own business.
@truthsayer9534
@truthsayer9534 5 месяцев назад
Blackrock cannot be trusted
@cascades500
@cascades500 5 месяцев назад
Hey there ken. I'm a fellow Seattle light. That's not the electrical company. What do you think about the new regulations they're bringing into handcuff landlords so that they get take an advantage of by their tenants. Huge problem in seattle.
@nedhill1242
@nedhill1242 5 месяцев назад
lol if you're the only business doing it there is little to no demand. If you do it better with better quality and service you aren't concerned about competition. This video is purely retail focused. Retail is a tiny fraction of the local economy.
@aname1689
@aname1689 5 месяцев назад
Thank you! I just researched the state of Texas and they require you to be a Real Estate Broker. It takes at least 5 years to obtain that. Do you know how one can circumvent that? I'm thinking that you can somehow hire a broker. a general answer is cool. I know that you can't say anything specifically.
@victoriaalai5041
@victoriaalai5041 5 месяцев назад
5 years seems like a long time. In Colorado, bank in the day, I earned my real estate license in 3 week, super concentrated program every day.
@motoole3200
@motoole3200 3 месяца назад
What is the secret to success in property Managment?
@gavnonadoroge3092
@gavnonadoroge3092 4 месяца назад
3:38
@thyslop1737
@thyslop1737 5 месяцев назад
Lack of discipline is one reason, another would be undercapitalized.
@athenapaquette
@athenapaquette 3 месяца назад
He has a Blackrock shirt on. Is that his exit strategy 😅
@wendyshoowaiching4161
@wendyshoowaiching4161 5 месяцев назад
No Business Capital Startup, No Market Demand, No Sustainable Customers
@garvess
@garvess 4 месяца назад
Dude in a Black Rock t-shirt telling you how he will manage your pods... Goes to show that following the money doesn't always take the world to a good place.
@CindaMurphyRealEstate
@CindaMurphyRealEstate 4 месяца назад
It’s not for the evil black rock. It’s for a posh golf course up in Idaho. Not really sure why it has skulls and crossbones in the background but it’s not the big evil. Larry Fink company.
@futureoutfit
@futureoutfit 4 месяца назад
Trade services is where it's at in Australia. You'd have to be a moron to go bust being a tradie in Australia.
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