You DON'T NEED That Loan: Business Growth Rules скачать в хорошем качестве

You DON'T NEED That Loan: Business Growth Rules

✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/th... ✎ Taking out a loan for your business can be a big decision, and in this episode, I answer a question from Toba, a jewelry business owner wondering if now is the right time to expand. My advice? Don’t spend money until you’re making money! It’s easy to take out a loan and invest in a bigger space, but the hard part is making sure your business is profitable first. Too many entrepreneurs rush into expansion without a solid process, and that’s how businesses fail. Before you grow, you need to perfect your product, understand your market, and make sure your business is already bursting at the seams. I share a real-life example from a salsa dance business I invested in. Instead of taking out a massive loan to open a dance studio right away, the owner started by renting space in a gym, keeping costs low while growing her customer base. She only expanded when she had to—when demand was so high she couldn’t fit any more students into her classes. That’s the right way to grow. If your business isn’t at that stage yet, focus on building your brand, refining your product, and increasing sales before committing to a big financial risk. So before you take out that loan, ask yourself: is my business truly ready? If the only reason you want a new space is to fix slow sales, that’s a red flag. A new location won’t magically make your business succeed. Instead, focus on growing your customer base and making your current setup as profitable as possible. Once you’re at full capacity and absolutely need to expand, then a loan might make sense—because at that point, you’ll know you can pay it back. If you found this helpful, hit like, leave a comment, and subscribe for more insights. Keep building, keep believing, and I’ll see you in the next video! ★★★ JOIN ME LIVE ★★★ • I go live every week. Join me & ask your questions: http://evancarmichael.live/ • or You can ask your question in our Discord: http://evancarmichael.biz ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • Bob Proctor's Top 10 Rules For Success -    • The Blueprint to find purpose from Day 1 |...   • Warren Buffett's Top 10 Rules For Success -    • 10 Skills That Will Make You Rich in 2026 ...   • Rich Dad Poor Dad - Robert Kiyosaki's Top 10 Rules For Success -    • Why SAVERS Are LOSERS – ROBERT KIYOSAKI’s ...   ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_c... ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • My Live Calendar: http://evancarmichael.live/ • Instagram:   / evancarmichael   • Tiktok:   / evancarmichael   • Discord: http://evancarmichael.biz • Twitter:   / evancarmichael   • Linkedin:   / evancarmichael   • Facebook:   / evancarmichaelcom   • Website: http://www.evancarmichael.com ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe