Since the internet is filled with lots of fake entrepreneurs, here's the literal SEC filing showing my company being acquired by Upstart: www.sec.gov/Archives/edgar/data/1647639/000119312521084070/d162237dex991.htm Hope this video is helpful! Subscribe if you haven't, I'm going to teach everything I learned on the journey so you can apply it to your life!

@dineshk1189

6 ай бұрын

Ewww e

@Tim_helpinghands

6 ай бұрын

I can edit your videos for free, saving you over 2 hours every day. Pay me only if you're satisfied. If you agree, please respond with "yes."

@emilsorbian8123

6 ай бұрын

Nah its okey I believe you, most fake gurus are easy to spot since when they speak they refer to you hating your job and life 100x at least xD taking advantage of people being deperate as hell 😪 You seem to have real info and insights and I like it

@zackerysprague

6 ай бұрын

I trust you completely dude.

Much of the online content about building a business assumes the business is already established. This led me to specifically seek out videos focused on startups, and I must say, your content truly stands out in this niche. Many are at the startup phase, and your videos are a beacon for us. When I searched for startup productivity, your video appeared, and I'm thrilled I clicked on it. Your detailed exploration of the startup process and steps distinguishes your work from others. Please continue producing content about startups. The way you break down the intricate steps and processes provides a real insider's look at the startup world and, crucially, helps us understand what to prioritize when everything feels overwhelming and simultaneous. Thank you for the golden content.

Thank you! very insightful! I'm in my early days of learning how to run my own business, this is very useful indeed.

Golden content. Thank you for even making videos condensing all your knowledge, experience & wisdom. Priceless but massive value

Thank you for sharing. You are a good mentor. I shared your video💕

Thanks glad I found this channel that video was informative and insightful the very best I have watched in 10 years keep bringing the gems

Excellent video, great advice, and I have always believed that "what goes around comes around", especially kindness. The universe is a generous one and we often receive that which we do not deserve. You get it. Subscribed, and will be back for more.

Great Content! Thanks a lot! Going to be one of the best business content creators here on youtube!

Incredible value from this video. This is the kind of insight people would pay for. Subscribed!

I just found your channel man gold nuggets of knowledge left and right!!!

The editing content and everything in this video is super good!

1. Never Split The Difference. 2. The Sales Development Playbook by Trish Bertuzzi 3. The Lean Startup by Eric Rise Skills: 1. Programming.

You are gonna be my mentor until I reach my 1st $1000000. Thanks you so much and I am happy to have found you on this new year. Let's rock

@askmichia

7 ай бұрын

You got this!

@ajaxhncn

6 ай бұрын

same)

@reubence_

6 ай бұрын

Mine too! Almost clicked away cause it seemed like one of those clickbaity "buy my course" videos.. Really glad I stayed! Thanks @askmichia

Thank you! very inspiring. I needed it.

Please make more videos on more niche concepts within building service-based biz - scaling, hiring, mentors, sales, etc!!

Wow this was an eye opening waves of amazing information! Thank you

hi thanks for your efforts and happy new year 🎊🎄🎁

I cant stress how much i value this video. Excellent.

I haven't seen any other more valuable video recently. Thank you

Thank you for this video. It was very useful. But I have a question regarding the market that the business should operating in. How can we find the data to understand if the market we are thinking can be a good one. In my case I know there is not a service like this in the market but I am not sure if it is really something that can really be useful.

This is great content. Nice job!

Thank you very much for the content. I instantly subscribed. Question tho - when it comes to the king path vs the rich path: is it plausible to start out with the king route in order to build up capital, and then go the rich route?

My net worth is nothing compared to this guy, about ~$1M or so, and I still work as an employee (in parallel coaching entrepreneurs based on multibillion dollar companies I’ve worked with)… and I’m literally mind blown on the quality of this content. In part I’m actually sad, because I don’t think people realize the ridiculous amount of hours / years of knowledge and failures are actually condensed in this video. Instantly subscribed. This video should have easily dozens of millions of views, however people want to invest their time only on “side hustle” or “passive income” sort of thing. I don’t think I’m sleeping today 😂

Thanks, I really enjoyed your video :)

What I want to be good at is building the machine. What are all the departments needed, how do I get the right people as heads of the departments and how do I set it up so when I step away, it runs itself.

❤ great tips here. Breaking down the numbers to 1000 clients at £83.33 per month gets us to £1m adds clarity And Focus on 3 key things to move needle forward

Can you make a video how to choose whether to go the technical route or the business route?

Awesome video!! New subscriber!

This was great. Thanks)

great content - QUESTION :- how would you value a software business that is a wheelable saas - what multiples of rev for exit?

Awesome info! Can you cover topics of “common bad business advices”? There are so much information online, I think it’s important to point out bad business advices, us business starters don’t know who to trust or as there are too many online gurus out there.

Great tips!

The whole point of wealth for me is freedom. My magic number in my mind is 10 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

@Curbalnk

6 ай бұрын

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

@greekbarrios

6 ай бұрын

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $5m goal after subsequent investments.

@greekbarrios

6 ай бұрын

Oh i bet she can!! She goes by ‘’Heather Ann Christensen’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did!

@poojamalhotra7851

6 ай бұрын

​@@Curbalnkhii I'm from india good at video editing , running ads and copy writing is there any opportunity for me to work with you ❤ I'm 18 is there any way sir

@blaquopaque

5 ай бұрын

Thank you for sharing, I must say, Heather appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call

Very well presented video.

A free MBA in 45mn - amazing content, thank you!

Hi there, I saw it's mentioned that there are three key things to look for in picking the right market to operate in - I see the mention of firstly looking for large markets and secondly looking for a wave of change. Did I miss the third one? This takes place from 24:20 - 26:14

Thanks Michia! This is the most value-adding video I've seen that's genuine and not just used as a marketing tool by KZreadrs because it's all so true. As someone who works in business valuations, I can definitely confirm all of this, and I've never seen anyone explain it so well on KZread.

@askmichia

6 ай бұрын

Thank you! 🙏

Thanks 🙏

Soon as you mentioned “you need experience not education” you’re valid to me.

Came for the AP watch, stayed for the content. By far the best video of this kind I’ve seen and as someone half way through the process was a great tonic to say keep to the path, it’s the right one.

great value!

a lot of good advice!

How can I see and analyze a change in the market 25:33 ?

Thanks

I'm happy to learn whatever I need to learn to build up a business and earn that first $1M, my biggest problem is starting.......finding or figuring out the IDEA that my business is based around, I have NO idea what to create a business around, I just know that I want to build my own thing, I also feel like I have zero skills in anything, I know how to code, I've had mixed odd careers, I'm not a specialist in anything, so please do a video on how to FIND the idea or think up the idea of your business in the first place. Any book recommendations on knowing what to start a business in in the first place? Otherwise, great videos!

@joshynocones440

6 ай бұрын

You don’t find an idea. You find a problem, then solve it.

crazy value as always!

Amazing video. Taking tons of notes; thank you so much

Do you carry a boombox with you wherever you go? So that you could play background music whenever you talk? Because, you know, that's what everyone does to help with comprehension and getting the message across.

Kids entrepreneurs don't set out to make a million dollars entrepreneurs set out to create value

@JuliusPreloznik

7 ай бұрын

One of the single most bullshit statements I’ve ever seen

@EdvinG

7 ай бұрын

As a youtube creator i can tell you right now that title wouldn’t perform nearly as well

@mariomaro7

7 ай бұрын

I'm an entrepreneur to make money. Creating value is the way to achieve that. You don't see entrepreneurs create value for nothing.

@EdvinG

7 ай бұрын

@@mariomaro7 it’s actually solid advice to just give value away and help people because if you consistently do that and get better at it you will eventually make a bunch of money without even trying

@nathancarranza9860

6 ай бұрын

Shut your mouth.

Thank you.

So much wisdom here! Thank you much!

You're amazing man!!... Just discovered a great channel to add to my list. Keep up the good work Sir.

Honestly the claim he made at the beginning I thought was BS. Every content creator claims that their video is a no fluff step by step guide... But, I was wrong. This video definitely lived up to what it promised. Liked and subscribed!

SOOOO MUCH INFO WOW

just use no code software for the programming part. Visual development like adalo or bubble. The foundations of programming abstracted.

Hi Michia! Your content is very helpful and inspiring. I would love to have you on my podcast in the coming months!

Best video for starting business in 2024

9k subscribers? you should have way more, this content is pure gold.

@askmichia

7 ай бұрын

Appreciate you! I’ll just keep cranking out value and I know the subs will come 💪

Thought this was gonna be guru BS but turned out to be one of the most genuine and helpful videos I've watched on this topic. Bravo dude.

Implying that you are a mentor

How would you monetize and grow a hobby project like bitculator,(0M ?

"How do you deal with it, Steph?" "It is what it is 🗿"

The only way to learn is through action

this was epic and personal, felt like you were talking directly to me.

Hey michia, just curious but the part you said abt starting a service based business first. Are you sortve refferring to the typical SMMA? cause i tried it in the past and people get the same calls multiple times a day abt the same services so its rly hard. Personally id rather service online businesses(saas, newsletters, ecom), but i dont have the skills yet to sell to them? im currently doing ecom, so im not sure if i should just stick with it, make a good ammount( maybe no the 1M), but then lervage the knowledge and the casestudy to thenm go to other businesses and sell myservies? would appreiate ur opinion

@askmichia

7 ай бұрын

SMMA isn’t a great business model. Extremely low barrier to entry and Iman’s got every kid with a computer trying to start one. Unless you have actual credibility in the space it’s extremely hard to get clients.

@invcitus23

7 ай бұрын

@@askmichia yeah your right. What would you recommend tho? Do you think its best to just stick with DS, where my plan is to then fully brand it, have custom inventory etc. and then if i wanted to later on I could always start my own agency since ill actually have the results to bak it up, and ik ill be providing real value isntead of just scamming businesss owners

such a legend!

Nice!

Thank you Michia for taking the time for this. It seems software is the path. I’ve been focusing on building a high-income skill job, specifically in cybersecurity, based on advice I’ve heard. The strategy is to build a high income and then use that income to reinvest in wealth. This provides the dual benefit of having a well-paying job and a valuable skill in case things go sideways. Do you find this approach accurate, or do you think it might be a waste of time?

@AP_123_

7 ай бұрын

You're spot on, as this is the route I am also taking. Did you use CompTIA+ to certify? Cheers, and best of luck.

Your channel is truly gold mine. i feel the sincerity to help us achieve FF from building business. i am happy to find a mentor like you here. Thanks you by millions. I don't believe all this is free. I hope before the end of 2024, i am going to send my achievements from the application of your ideas. Again, thank you.

Wow I was a programmer, so 1/5 is already achieved!😊

very good video. I have always had a dream to start a SaaS buisness. Hope i will ever get to it

Wow, this is amazing. Precisely what we should have been taught in school, yet were not. Thank you for your transparency and commitment to helping us aspiring business owners/entrepreneurs. I would LOVE to have a video outlining the evolution of your tech business, as this is the route I believe I will take. Thanks a million :) :)

Amazing, thank you!

🎯 Key Takeaways for quick navigation: 00:00 💰 *Overview of making $1 million online* - The video provides an overview of the steps to make $1 million online. - It emphasizes that there's no sales pitch, and the information is free. 01:09 🧠 *The importance of resilience in entrepreneurship* - Steph Curry's advice on resilience is shared, emphasizing that ups and downs are part of the entrepreneurial journey. - Resilience is crucial for success, and low moments should be seen as part of the process. 02:06 💡 *The mindset of sacrifice in early entrepreneurship* - The video discusses the importance of sacrificing instant gratifications for long-term rewards. - The need to prioritize building a business over other distractions is highlighted. 03:12 🎓 *Education vs. Experience in entrepreneurship* - The video emphasizes the significance of gaining experience in addition to education. - Learning by doing and taking action is crucial for success in entrepreneurship. 05:04 📝 *The five essential skills for making a million dollars online* - The video lists the five skills: sales and persuasion, digital marketing (copywriting), cold outbound outreach, product thinking, and basic programming. - These skills are presented as essential for achieving the goal. 10:16 💰 *Investing in skills over traditional investments* - The importance of investing in developing the mentioned skills rather than traditional investments like stocks and bonds is highlighted. - Investing in oneself is seen as the key to making a million dollars. 12:09 👑 *The King vs. Rich choice in entrepreneurship* - The video discusses the choice between being a "king" (having personal autonomy and control) or being "rich" (building a larger business with outside investors). - This choice impacts how you operate your business and your level of control. 15:42 📦 *Different business models: Selling physical products* - The video explains the challenges of selling physical products, including setting up an online store, finding/manufacturing products, and the upfront investment. - It points out that running an e-commerce business can be challenging due to thin profit margins. 17:48 💼 *Business Models Overview* - Three business models discussed: e-commerce, service businesses, selling digital products. - Each model's ease of start, risk, effort to run, and likelihood to reach $1 million in revenue. 20:36 📦 *Selling Digital Products* - The advantages of selling digital products, including software, courses, and communities. - Evaluation factors: ease of start, risk, effort to run, and the potential for recurring revenue. 24:21 🌐 *Choosing the Right Market* - A three-step framework for selecting a lucrative market: large market size, a wave of change or desire, and unmet needs. - The importance of a market that supports your business goals. 26:27 🎯 *Acquiring Customers* - Strategies for acquiring customers, emphasizing cold outreach to test assumptions. - The value of offering a money-back guarantee to build trust. 30:20 ⚙️ *Scaling Your Business* - Transitioning from a one-person operation to building a team. - Hiring the right mix of generalists and specialists, creating documentation, and scaling your efforts. 34:03 👥 *Building a Personal Board of Directors* - Establishing a network of mentors and advisors to provide guidance and feedback. - The importance of connecting with people you admire and respect. 35:13 💰 *Planning for Exit* - Preparing a business for potential sale by making it less dependent on your direct involvement. - Considering the right time to exit the business for optimal value. 36:10 📈 *When to Sell Your Business* - When to sell your business is a personal decision influenced by financial goals and business momentum. - Two key factors to consider: Financial goals and momentum/inflection point. - Financial goals: Set a clear target for the amount you want to earn from selling the business (e.g., $5 million). - Momentum/inflection point: Selling too early can mean missing out on potential growth; assess if the business is at an inflection point. 39:01 🛡️ *Mistakes to Avoid When Selling* - Mistake 1: Putting all your eggs in one basket within your business; diversify to reduce risk. - Mistake 2: Overconfidence can lead to complacency; stay vigilant and anticipate challenges. - Mistake 3: Avoid the shiny object syndrome; focus on fundamentals rather than chasing new trends. - Mistake 4: Neglecting your health can harm your long-term success; prioritize self-care. 42:45 🚀 *Secret Sauce for Success* - Secret 1: "Move the needle mentality" - Prioritize the one to three tasks that can make the most significant impact on your business. - Secret 2: Develop emotional intelligence - Recognize that business is a people business and build relationships based on emotional intelligence. - Secret 3: "Pay It Forward" mindset - Generosity and kindness can come back to benefit you in unexpected ways during your business journey. Made with HARPA AI

Never quit

Hey Michia , really nice video! I was wondering if I could help you enhance Editing in your videos and also make highly engaging Short Videos which will help your video to reach to a wider audience ?

Thanks so much for this

Only Billionaires can aid your first 1 million or The Crowd or The Big Corporation (Their procurement-purchasing dept) You must connect with these people. You gonna do your name list and patiencely pursue all your time to make friends with them. They will only give you the job (supply) if you are their friends or in their constant presence. You must spend focus all your time in their presence. You gonna do your maths and pursue without distraction. Give it your absolutely priority & actions. Stop wasting your work time on education (bed time book)

Michia 🔥🔥

Hy, What do you think about Alex Harmozi (100M OFFER BOOK & 100M LEADS BOOK )?? and thanks for the help(amazing content)!

@askmichia

7 ай бұрын

Great books! I’m always learning and liked both a lot.

These guys who post videos like always just have the same talking points. .

Love this video. But I did want to say. If you are in college, or 18-25. Do NOT skip out on parties, going out, seeing new people. Yes you have to sacrifice but it doesn’t mean let the best years of ur life go past you for a goal. You will never be that age again, do not waste it. Grind hard, and party enough to look back on it when ur 28,29,30 and can no longer truly be a part of that. Going thru it now. Never partied, never went to school, never got on a grind that benefited my pocket versus someone else’s. Now I barely have work opp, friends, or memories to smile about from that age range. Do not waste ur youth. I have work now. Goodbye.

Truly creative content; reminiscent of a book that was creative and inspirational. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight

what are your thoughts on dropservice ?

@askmichia

7 ай бұрын

Low margins and highly competitive. Not a good business model. If you want an easy business to start affiliate or service agency. SaaS is best long term

@renatoarauz7784

7 ай бұрын

@@askmichia thank You so much for this advice

@ Michia -- did you start businesses in which you loved what you were doing, were super passionate about, or that somehow aligned with your true nature or life purpose? This seems to be the hidden ingredient. Yet, some are just in the right place, right time, right skill set, right team, right solution, and bam, they hit it...Limited suffering, limited burnout. They're in FU money territory.

Deserves much more views and and subscribers for the value of content! Keep it up!

🔥🔥🔥

I want to be part of the channel before it hits 1 mill subscribers 🔥. This is by far my second favorite business channel (sorry hormozi is number 1 😅)

Hi Mr Richia Rohrssen I hope you read this comment and it finds you well. I have a software Idea that I want to start build it up but I need your opinion. Please give me a chance so I can discuss it with you. I really need your help and experience.🙏

Why would you even be considering multiples of revenue. It’s 100% based on profit.

Verstappen?

'are not signs that something is going wrong, these are signs that you are on the right path'

Hey brother love your content man! I have a podcast that's top10 in Australia called Make Sh*t Happen! I'd love to have you on, my audience are young business owners that want to make it and your message would really resonate with them! How can we talk further to make this happen?

@askmichia

7 ай бұрын

Would love to! DM me on X or Insta 💪

@sammcleod1447

7 ай бұрын

I just sent you a message! @@askmichia

Do you get more money for longer KZread videos from Adsense or would you recommend shorter videos? What advice should you give about waffling on about stuff that no one knows about? Do you think the longer you can keep the people watching your videos the more money you make from Adsense and do you think you’re gonna be making a lot from this video because that’s gonna be your main income so I guess?

@askmichia

7 ай бұрын

Bro I don’t even know what you’re trying to say but I hope you’re doing okay.

@KingoftheJiangl

7 ай бұрын

He sold his business for a lot of money and doesn't need to ever work in his life ever again. He's making these videos because he wants to, not for "AdSense" money.

This guy has like 5k in his bank 😂😂😂😂

I still don't understand how stuff like this is free! Centuries ago, you'd have to embark on an arduous journey for a nugget of wisdom or be born into power for esoteric knowledge. Nowadays, just hop onto youtube and have centimillionares tell you their journey from A-Z and it only takes an hour. Don't squander democratized knowledge y'all!

This is massive

lowkey thought this was Tarik bruh

Why is there never a step to step guide on how exactly to start a business? Its always vague

Good