Never link your confidence to your abilities. If you do, you’ll always feel like you’re never good enough. Instead… Confidence should come from your intentions. If your intentions are to do good and serve… If you intend to build a thriving business with money in the bank… You’ll never lose confidence in yourself – even if you find yourself in
You can build a multi-million dollar business and be horrible at finances. I am living proof of that. Here’s a few fun phrases: “Balance sheet” “Operating cash flow” “Cash flow analysis” “Free Cash Flow” ZzzzzZZzzZzZzz…. Asleep yet? Yeah, me too. There came a point around my second failed business where I decided I’d better figure this “finance” stuff out. But
I want to do something a bit different today, just for fun. It’s a little “experiment” that will make you 4-10x more productive overnight. And it takes 60 seconds. Ready? OK. First, count from 1-26 out loud and time how long it takes. Took me about 8 seconds. Now, recite the alphabet, A-Z. Done? That time it took me about
My buddy Marcus called me up, almost in tears: “He won’t give me the GitHub passwords.” His Lead Developer has held his code hostage and was asking for 10% of the company. It was either that, or go the legal route, which wasn’t any more appealing. Marcus broke one of the cardinal rules of working with a team: “It doesn’t
When I started my coaching business, I built a course called “Idea to Exit”. It failed. I spent months brainstorming the outline and content. Recorded dozens of videos in a professional recording studio. I poured my heart and soul into it. The course was the best in the world. Then I had some trusted people in the industry promote it.
“Should I raise money from your customers or big strategic investors?” Hard to say without taking a closer look. But having raised over $500M of venture capital, I know what you SHOULDN’T do IF you decide to raise. These mistakes will cost you time, resources, money, and most importantly…drain the passion from you like a dehydrated vampire. These are the
SaaS, or Software as a Service, is (IMO) one of the best business models to be in right now. There’s no inventory. No physical product. No shipping department or manufactures to deal with. Profit is high. And you can start a software company even if you have no coding or development experience. I personally know Software Founders who don’t have
In 2017, I was running a $1.8M a year coaching business with 50% profit, and having a BLAST. I was doing three events a year, had dozens of clients I loved working with and having a ton of fun. So I shut it down. Not because it wasn’t doing well. We were helping a lot of people get incredible results.
“Dan, we’ve doubled our revenue since we last spoke.” I could feel the goosebumps on my arms as I typed back: “Hell yeah!” I knew exactly what he was talking about. He typed back: “You were right. We did what you said, and MRR doubled.” I smiled. I love it when clients click that “I believe” button and take action,
One of my software coaching clients recently asked me: “Dan, if you were starting over today and had to build a new software company, what would you build?” That’s a good question. But let’s make it a bit more interesting, shall we? Let’s assume I had: NO coding or development skills NO audience or list NO reputation NO connections NO
