Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: ruclips.net/channel/UCacX6JAo1EpmxT91r6VH53g
Agreed... investing your OWN money puts more skin in the game! Meaning most of us who have invested our OWN money have a deeper interest in being successful. Loans create too much stress if there has been no proven concept of realistic sales generating revenue consistently....
Starting a business using debt makes you an employee to the bank or the lender. The prime example of this is real estate, real estate investors are usually heavily in debt and are at the mercy of the government(property taxes, rental control laws, etc), the bank and market conditions three things they have no control over. Billion dollar corporations as an example refuse to use debt - McDonalds as an example loses a few dollars and then closes 400 stores. Most successful companies hate the mere thought of being in debt. You don't need to put your own money up but if you don't you'll still be an employee no matter how you slice it!
RadyoMusic What's next? 10 rules on how to live a sober life by Chris Brown and Amy Winehouse? Who takes advice from someone who blew up over $200 milion in less than 6 years? More so, his business advice are cancerous. The ideal situation is always for you not to put your own money. If you put your money and the business fails, you are flat out broke like dame and file for personal bankruptcy, if you use a bank or an investor's money and the business fails, you file for corporate bankruptcy while your personal fortune remains intact. Another idiotic point is the misconception that you can't be successful with a 9-5. There are many world street and silicon valley execs and even doctors who are more successful than Dame and folks who own their own businesses.
RadyoMusic What's next? 10 rules on how to live a sober life by Chris Brown and Amy Winehouse? Who takes advice from someone who blew up over $200 millions in less than 6 years? More so, his business advice are cancerous. The ideal situation is always for you not to put your own money. If you put your money and the business fails, you are flat out broke like dame and file for personal bankruptcy, if you use a bank or an investor's money and the business fails, you file for corporate bankruptcy while your personal fortune remains intact. Another idiotic point is the misconception that you can't be successful with a 9-5. There are many world street and silicon valley execs and even doctors who are more successful than Dame and folks who own their own businesses.
Steve Last I will gladly take business advice from a guy who generated $200 million. What I won't do is live the lavish lifestyle he did and spend the $'s the way he did but to each his own. FACT is you can't take away the fact that he made the money and will go down in music history which to some is more important than making some money. You can't buy the legacy he left behind and the accomplishments he achieved in the music/apparel business. He positively affected the lives of so many including Jay-Z, Kanye and all those around him. And again money can't buy that either.
Damon: Put yo own money up Me: Ok I need to find a job first Damon: You aint no boss then, having a job is for suckers Son! Me: Umm... I need a job in order to get money bruh Damon: MY SON HAS COOKIES B! NEVER HAD A BOSS! STOP ALL THIS CHATTY PATTY Me: So how do I get money without having a job? Damon: You gotta hustle B. Theres 2 parts to your existence...the day you were born and the day you die..that "Dash" in the middle, thats life. *drops mic*
***** Nope and u are dumb as fuck. I guess ur mother owns her own business, or grandmother? Oh ok then running businesses arent that easy either. And im 25
Moneyminty You can hire an employee to handle your customers, or as you call them bosses. It's called a "manager", lol. You wouldn't know anything about that though because you probably have a job.
" You have to fight for that artistry " so true , you have to fight for time to create , fight to sell it and fight to survive while your artistry is successful ... the man has a brilliant business mind .
give this man more credit because he doesn't have any ivy league famous school education like other forbes guru, coz school teaches you the basics of bankroll management and structure of an organisation. without these knowledge you really needa learn the hard and real way, which can pay a heavy price when one becomes rich.
Evan, how would you rectify points 1 and 4? They seem to be at odds with each other. Most people aren't in a position to pay their bills without taking a full time, 9-5 position. Curious as to what you would suggest to have those both work.
***** My take: Getting out of 9-5 is the first goal. It doesn't happen right away but you have to make it your goal. Start part time, pay your bills, and get out of 9-5 as soon as you can.
***** I bet there are folks working a 9-5 who are more successful than you and dame combined. They're all over silicon valley and wall street and in medical and banking facilities across the nation.
***** yeah, get out a 9-5 that brings you $750,000 after taxes, and start a businesses in which you will invest 18 hours of your day out of 24 just to earn $150,000 after taxes. smh
Steve Last Dame would say "You are correct. You will work more and in the short run, take home less dollars. BUT YOU OWN IT! The company can't be taken away from you and most importantly, you can pass the business down to your kids. If I was a kid, I would most definitely want my parents to pass down a successful business that stands on it's own and generates revenue/profit than a million dollars."
Steve Last ehhh most people in SIlicon Valley are actually not working traditional 9-5's...Even if you are working for someone, a startup is better than a run of the mill corporate position. Usually in a startup you are close enough to the Founder/Owner where you can actually see what goes into running a biz, and apply that to your own.
I'm an entrepreneur myself and I think borrowing funds depends on your situation. Like Dame was saying, if you have a long term goal, maybe using your own money is better. It may take you longer to break even, but when you cash out, you'll cash out big. On the other hand, some people don't have the capital to live out their dream business venture. So borrowing money, at times, can help you make that dream come true. So, I disagree with Dame when he makes it seem like that is the only option. There's no specific recipe for business success. The definition of success may vary from person to person. Outside of that one statement, Dame is a thorough dude. I had an opportunity to meet him when he first started DD172.
Met him. He did not look too boss when I did. But I told him how impressed with what he was saying. His message was on point. My dad lived like that and I'm almost there
The thing about putting up your own money is when you don't you are reliant on someone else and in a sense at their mercy. If they turn around and say "I want it back" you have to give it back for example a house reposession. This cant happen when you put in your own money and therefore when you do you have power. Also, Damon is a proud man which i share and therefore doing things this way means you can be more proud as you did things yourself without needing anyone. Side note: someone mentioned in order to put money in yourself you have to work for someone else first which is true but this is only briefly and Damon has said himself on the breakfast club interview as long as your mindset is always geared towards working for yourself/investing in yourself there is nothing wrong with that. Someone who plans to work for others forever is less admirable.
I like #4 cause alot of people rush their dreams and forget about their current bills and expenses . Its good to focus on your dreams but like Dame Dash says always have something solid paying your bills. #BTA10
Dash was a real one for this. I enjoyed listening to him.. keeping good people that you can do business with in your circle is key too. Trying to drag family / friends that you have outgrown, can be detrimental to your come up. I need more #Team players.
Thanks for sharing your thoughts and for watching Golden Goddess. Agree...keeping good people that can do business with is essential. :) #Believe #BTA695 Shine
He stated that you have to put up your own money in order to be a boss, he did not say that you have to put your own money up to be an entrepreneur... words make a difference my friend
Evan, Damon is not saying you MUST put up your own money to be an Entrepreneur; what he practices and believes is that the only way to be the true owner of Boss in a given venture is to do so. When we think about it, it makes sense, regardless of who is backing you or letting you put your face of name on a product--even if it is a basketball or football team--"If it's not ya money, ya not the Boss." He is simply saying that you are not in a vulnerable position of someone yanking the character and manner of execution out from under you when you are the one financing the enterprise. It's important to not conclude too quickly and read into what we hear when we've got a context of being told or signaled by the mainstream media to disparage someone and his ideas. It's important to intellectually grasp that just because someone prefers or praises one thing or one way of doing something doesn't mean they condemn another way of doing it. Damon has done and to a limited extent still does partnerships; let us not forget this man was the main business brain behind a 700 million dollar company.
Yes I agree with putting your money up for your own brand. It gives a sense of confidence and entitlement. With that breathes determination to set more goals. When one gains more confidence they can conquer anything.
I think it depends on how much money you have when you put it in. If you're homeless-like poor, I wouldn't. But if I had more money than I would spend, yes I would probably put my own money up in my business. Also keeping the risks of that in the back of my mind.
So if I get out my 9-5 how am I suppose to have money to put up? How can I be patient if I'm unemployed w/ no income & my bills need to be bad & why should I embrace the pain of that? 🤔
Thanks for sharing your thoughts. I guess it depends on the situation, sometimes it is advisable to take one small step at a time until such time that we are able to work on our project/business or our dreams and how much we are willing to overcome the challenges. All the best to you! Always #Believe in yourself. #BTA243 Shine
Yes I believe you should. And I would like to see a video on? Gosh I really don't know. How about someone in your family that you look up to. Myself growing up with out a father and I've always had to take the best qualities from the good men that I came across in life. I always wondered about successful people's father's and what they have took from them that helped to make them successful.
thanx for the shout. i do agree, cuz if it doesnt workout, you have no debt,but as you grow in business you can apply for a loan, to expand as needed.one more request and this is a big request, do you think you can interview dame dash via skype on the subject of the ten rules,if you can that will be awesome i think that interview would be ground breaking thanx for your videos
Putting up ur own dough is necessary for others to take u serious. It's knowing that u believe that much in ur vision that you would bet on urself and believe u will win. If someone else is finding ur vision then ur vision gets compromised.
"Put your own money up..." It makes sense if you don't want any attachments that could put you in a position to challenge your creativity or integrity. It's like this, you can call Domino's and ask them to make you a pizza, or you can go to the market and get the ingredients yourself.... #Soup (was here - 702)
Hey Evan, love your videos and just subscribed. Can you do a top 10 rules for success on someone that isn't a celebrity? Maybe even your very own top 10 rules for success?
Marcel Williams Thanks Marcel - welcome to the #BelieveTeam :) I'm open to suggestions on who you want to see... everyone I've done has been a suggestion from someone... I've been asked to do my own top 10 list but I honestly don't know where to start... lol... it's hard judging your own work - maybe someone else will create one
Hey Evan! I love everything you put out. I actually asked you to put together something for Mark Burnett and you did!!!! It was great. I saw that you did something for Michael Jordan. Have you ever done anything for TOM BRADY? He is the greatest QB ever and he almost didnt make it to the NFL.
Yes most entrepreneurs put up their own money. if they used opm for an investment and the investment was successful. The proceeds are usually used for their next endeavor. Even if the money was earned from a job, hustle it's still your money. Because you traded either time or something for the money. So yes entrepreneurs should put up their own money. Because if their idea fails. You don't have to worry about paying back a loan. If you finance your venture with a loan the bank owns your business not you.
Thank you very much for your suggestion but it would be great if you could post your request under this video: ruclips.net/video/0arZb0xLIDM/видео.html If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. #Believe :) #BTA1618 Veljko
We agree because when you put your own money up it usually means that you have as much at stake, as much skin in the game as the person that you are asking to partner with you has.
Good video,much respect to Dame. Don't necessarily agree to using your own money for all start ups but understand his point. I need Elon Musk top 10.....Peace
Answer to your question is really based on your belief system. That's what Damon believes. What Damon explains about always having a source of income until your dream pops off is true. You must have a definite flow of cash while you're working on your dream. That being said, then you also need to save some dough so you can support your dream. YOU CAN NOT GET A LOAN FROM ANY BANK UNLESS YOU HAVE CASH IN THE BANK.... so put two and two together fam. In order to put up your own cash .... You gotta work your ass off and be smart with your money.
He didn't say u need to put up your own money.... He said u should put up your own money.... Whoever money it is, is the true Boss.... So let's be real & not play with other people's money all the time....
Yes, entrepreneurs must put up their own cash. lt sends the message to investors that you believe enough in your own business plan to put your own skin into the effort. If you don't belive in your business, why should they?
The question was do you need to put up your own money to be an entrepreneur .or successful. I think yes . I truthfully think that in a deeper perspective that you need to provide a proof of concept type of generating feedback to use in order to acquire the needs for the things you are working with to grow. I do not think you need as much money in the first place but yes it must be your own do the process of belief that if you truly believe within your self you will need put up all your resources up for use. TIME MONEY, WILL, TOLERANCE, each BREATH you take from your LIFE of each day.
Don’t agree with 9-5 talk have to learn the ropes first before having own business. So at moment just going to learn as much as I can. But definitely agree with taking care of others first yup. That’s important! And yes in order to gain something you’ll have to lose something so putting your money up is necessary.
If you put up your own bread you will hustle hard.. You will be more passionate... You will care more... If you put up your own bread partners will believe that you love your own brand.. And you will actually be able to acquire more partners or loans to expand from banks...
Thanks I admire Dame Dash allot, some people my disagree with him at time but he's self made!! I really enjoyed this video can you do Jeff Johnson next please
If you put up your own money, it forces you to work extra hard to make the business successful, versus putting up other people's money that you won't care less if the business breaks even or not. Please profile Tony Elumelu. Thanks
You can either start up your own business with your own money or get a loan from a bank to start up your business, the business can either fail or succeed.
It depends. On hindsight it appears right when you succeed and wrong if you don't. In my opinion if you believe in your product and can make it work with your own money - why give away 51% to someone who wants to sell your business after two years. That is like killing your golden goose once it has laid its first egg. However, maybe there are other alternatives too and I am sure there are some investors having for favorable intentions. For me Damon's way is the one I chose because I could start my business with my own money and believe in my idea so much that I do not agree working for it around the clock and giving away my shares at the bad conditions you face before your product is ready. Later I may very well take on coowners to get more leverage though.
There are many ways to earn money. Do something that you're passionate about, take action each day towards that goal, do what you love, Alex! #Believe #BTA616 Luka
Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: ruclips.net/channel/UCacX6JAo1EpmxT91r6VH53g
Damon Dash is one of the realest business men in history. Point.Blank.Period.
Thank you for sharing, and thanks for watching! :) #BTA158 Luka
No problem brother. Great content!
Agreed... investing your OWN money puts more skin in the game! Meaning most of us who have invested our OWN money have a deeper interest in being successful. Loans create too much stress if there has been no proven concept of realistic sales generating revenue consistently....
+Nicki DivineTV :). Thx for watching. #BTA43 Nina
As far as putting your own money up.. I look at it this way: The risk is greater, but so is the reward. Period.
Thanks for the comment and for watching. All the best! #BTA390 Shine
Starting a business using debt makes you an employee to the bank or the lender. The prime example of this is real estate, real estate investors are usually heavily in debt and are at the mercy of the government(property taxes, rental control laws, etc), the bank and market conditions three things they have no control over.
Billion dollar corporations as an example refuse to use debt - McDonalds as an example loses a few dollars and then closes 400 stores. Most successful companies hate the mere thought of being in debt.
You don't need to put your own money up but if you don't you'll still be an employee no matter how you slice it!
Steven P Thanks for sharing Steven :)
This was amazing! Great video!
dirtpatcheaven Thank you :)
Love him or hate him you have to respect his work ethic and his drive to make things happen. Great vid!
Ryan Frazier Thanks Ryan :)
so punchy and too the point! "i hustle for my last name not my first" Great work Evan/ Damon :)
:). Thanks. #BTA203 Nina
Agreed. Investing in your own business is golden. It keeps you empowered throughout the business cycle. Plus...you can write off a lot of it anyways.
+HeroesNStuff Thanks for watching the video. :) #BTA69 Ivan
same
I honestly didn't think Damon was that deep lol... Yup, I agree, if you won't put money into your own investment, why do you expect others to?
RadyoMusic lol learn something new every day :)
RadyoMusic That's the way I see it, too.
RadyoMusic What's next? 10 rules on how to live a sober life by Chris Brown and Amy Winehouse? Who takes advice from someone who blew up over $200 milion in less than 6 years? More so, his business advice are cancerous. The ideal situation is always for you not to put your own money. If you put your money and the business fails, you are flat out broke like dame and file for personal bankruptcy, if you use a bank or an investor's money and the business fails, you file for corporate bankruptcy while your personal fortune remains intact. Another idiotic point is the misconception that you can't be successful with a 9-5. There are many world street and silicon valley execs and even doctors who are more successful than Dame and folks who own their own businesses.
RadyoMusic What's next? 10 rules on how to live a sober life by Chris Brown and Amy Winehouse? Who takes advice from someone who blew up over $200 millions in less than 6 years? More so, his business advice are cancerous. The ideal situation is always for you not to put your own money. If you put your money and the business fails, you are flat out broke like dame and file for personal bankruptcy, if you use a bank or an investor's money and the business fails, you file for corporate bankruptcy while your personal fortune remains intact. Another idiotic point is the misconception that you can't be successful with a 9-5. There are many world street and silicon valley execs and even doctors who are more successful than Dame and folks who own their own businesses.
Steve Last I will gladly take business advice from a guy who generated $200 million. What I won't do is live the lavish lifestyle he did and spend the $'s the way he did but to each his own. FACT is you can't take away the fact that he made the money and will go down in music history which to some is more important than making some money. You can't buy the legacy he left behind and the accomplishments he achieved in the music/apparel business. He positively affected the lives of so many including Jay-Z, Kanye and all those around him. And again money can't buy that either.
Damon: Put yo own money up
Me: Ok I need to find a job first
Damon: You aint no boss then, having a job is for suckers Son!
Me: Umm... I need a job in order to get money bruh
Damon: MY SON HAS COOKIES B! NEVER HAD A BOSS! STOP ALL THIS CHATTY PATTY
Me: So how do I get money without having a job?
Damon: You gotta hustle B. Theres 2 parts to your existence...the day you were born and the day you die..that "Dash" in the middle, thats life. *drops mic*
***** Yeah because working a job for a few months is enough to make a way for ur own. Pps, he worked for many years before Rocafella. dumbass
***** Nope and u are dumb as fuck. I guess ur mother owns her own business, or grandmother? Oh ok then running businesses arent that easy either. And im 25
*****
Cool story lil nigga. Long story short everyone starts somewhere.
*****
Even if you owna business, ur customers become ur bosses. Its a cycle.
Moneyminty You can hire an employee to handle your customers, or as you call them bosses. It's called a "manager", lol. You wouldn't know anything about that though because you probably have a job.
" You have to fight for that artistry " so true , you have to fight for time to create , fight to sell it and fight to survive while your artistry is successful ... the man has a brilliant business mind .
Thanks for sharing your thoughts and for watching. :) #BelieveNation #BTA589 Shine
This guy just radiates intellect. Seems incredibly real and straightforward, great skills for entrepeneurship.
Yayyy! #Believe 💛😊 - Dondon
This dude is brilliant!
+Janet Jones woot :) #BTA24 Nina
give this man more credit because he doesn't have any ivy league famous school education like other forbes guru, coz school teaches you the basics of bankroll management and structure of an organisation. without these knowledge you really needa learn the hard and real way, which can pay a heavy price when one becomes rich.
xxyanlixx Woot. #DC1
Cheers,
Nina C
Evan, how would you rectify points 1 and 4? They seem to be at odds with each other. Most people aren't in a position to pay their bills without taking a full time, 9-5 position.
Curious as to what you would suggest to have those both work.
***** My take: Getting out of 9-5 is the first goal. It doesn't happen right away but you have to make it your goal. Start part time, pay your bills, and get out of 9-5 as soon as you can.
***** I bet there are folks working a 9-5 who are more successful than you and dame combined. They're all over silicon valley and wall street and in medical and banking facilities across the nation.
***** yeah, get out a 9-5 that brings you $750,000 after taxes, and start a businesses in which you will invest 18 hours of your day out of 24 just to earn $150,000 after taxes. smh
Steve Last Dame would say "You are correct. You will work more and in the short run, take home less dollars. BUT YOU OWN IT! The company can't be taken away from you and most importantly, you can pass the business down to your kids. If I was a kid, I would most definitely want my parents to pass down a successful business that stands on it's own and generates revenue/profit than a million dollars."
Steve Last ehhh most people in SIlicon Valley are actually not working traditional 9-5's...Even if you are working for someone, a startup is better than a run of the mill corporate position. Usually in a startup you are close enough to the Founder/Owner where you can actually see what goes into running a biz, and apply that to your own.
Damon is a very smart and wise man. He lays it out plain and straight with no bs.
Thanks Damon
Thanks for watching :) #BTA920 Luka
Using other peoples money for business is suckers. In fact to start a business you don't need money, just balls.
Dan Wilson I'm just seeing this alot of stuff dam say is real alot of stuff he also say is his opinion ! Def jam gave them 2 million on the start off
I'm an entrepreneur myself and I think borrowing funds depends on your situation. Like Dame was saying, if you have a long term goal, maybe using your own money is better. It may take you longer to break even, but when you cash out, you'll cash out big. On the other hand, some people don't have the capital to live out their dream business venture. So borrowing money, at times, can help you make that dream come true. So, I disagree with Dame when he makes it seem like that is the only option. There's no specific recipe for business success. The definition of success may vary from person to person. Outside of that one statement, Dame is a thorough dude. I had an opportunity to meet him when he first started DD172.
J. Ryan Robinson Thanks for sharing JR! :)
A clear formula for SUCCESS, it's fantastic !!!
Glad you liked it, thank you for watching corey. #BTA168 Shine
If you don't put up your own money your not the boss, your just a high paid supervisor.
***** :)
Met him. He did not look too boss when I did. But I told him how impressed with what he was saying. His message was on point. My dad lived like that and I'm almost there
Awesome to know that. :) Thanks for sharing and for watching. All the best to you! #BelieveNation #BTA273 Shine
I agree on most of his points. Maybe I'm not that fond on taste requirement but I am not in the music business
#Believe :) #BTA1625 Veljko
The thing about putting up your own money is when you don't you are reliant on someone else and in a sense at their mercy. If they turn around and say "I want it back" you have to give it back for example a house reposession. This cant happen when you put in your own money and therefore when you do you have power. Also, Damon is a proud man which i share and therefore doing things this way means you can be more proud as you did things yourself without needing anyone.
Side note: someone mentioned in order to put money in yourself you have to work for someone else first which is true but this is only briefly and Damon has said himself on the breakfast club interview as long as your mindset is always geared towards working for yourself/investing in yourself there is nothing wrong with that. Someone who plans to work for others forever is less admirable.
I agree with Damon. Putting your own money up puts you in control.
Yes, putting your own money has it's advantages. :) Thanks for watching and for the comment Donald. #BTA291 Shine
Hi Evan, can you make a video about the top ten rules of Bill Gates?
Evan, thank you!
+Billy Wilson Arante Thanks B. #BTA68 Nina
I like #4 cause alot of people rush their dreams and forget about their current bills and expenses . Its good to focus on your dreams but like Dame Dash says always have something solid paying your bills. #BTA10
Dash was a real one for this. I enjoyed listening to him.. keeping good people that you can do business with in your circle is key too. Trying to drag family / friends that you have outgrown, can be detrimental to your come up. I need more #Team players.
Thanks for sharing your thoughts and for watching Golden Goddess. Agree...keeping good people that can do business with is essential. :) #Believe #BTA695 Shine
Thanks Evan!
+Tiffany Spraggs :). #BTA46 Nina
Good Job putting this video together!! Salute!!
Glad you liked it Greg. :) Thanks for watching! #BTA244 Shine
He stated that you have to put up your own money in order to be a boss, he did not say that you have to put your own money up to be an entrepreneur... words make a difference my friend
Thanks for sharing your thoughts. #BTA595 Shine
Evan, Damon is not saying you MUST put up your own money to be an Entrepreneur; what he practices and believes is that the only way to be the true owner of Boss in a given venture is to do so. When we think about it, it makes sense, regardless of who is backing you or letting you put your face of name on a product--even if it is a basketball or football team--"If it's not ya money, ya not the Boss." He is simply saying that you are not in a vulnerable position of someone yanking the character and manner of execution out from under you when you are the one financing the enterprise.
It's important to not conclude too quickly and read into what we hear when we've got a context of being told or signaled by the mainstream media to disparage someone and his ideas. It's important to intellectually grasp that just because someone prefers or praises one thing or one way of doing something doesn't mean they condemn another way of doing it. Damon has done and to a limited extent still does partnerships; let us not forget this man was the main business brain behind a 700 million dollar company.
Yes I agree with putting your money up for your own brand. It gives a sense of confidence and entitlement. With that breathes determination to set more goals. When one gains more confidence they can conquer anything.
#Believe :) #BTA951 Luka
I think it depends on how much money you have when you put it in. If you're homeless-like poor, I wouldn't. But if I had more money than I would spend, yes I would probably put my own money up in my business. Also keeping the risks of that in the back of my mind.
Elias Savelkoul Thanks for sharing Elias :)
So if I get out my 9-5 how am I suppose to have money to put up? How can I be patient if I'm unemployed w/ no income & my bills need to be bad & why should I embrace the pain of that? 🤔
Thanks for sharing your thoughts. I guess it depends on the situation, sometimes it is advisable to take one small step at a time until such time that we are able to work on our project/business or our dreams and how much we are willing to overcome the challenges. All the best to you! Always #Believe in yourself. #BTA243 Shine
Not only is he successful, but he sound like he's a good man.😊
Thank you for sharing your thoughts Mornieluvya. :) #BelieveNation #BTA604 Shine
Do a video with 50 Cent! A lot would learn from him like I have.
***** Cool - I'll add him to the list. Thanks for the suggestion :)
***** No problem, thanks.
Yes I believe you should. And I would like to see a video on? Gosh I really don't know. How about someone in your family that you look up to. Myself growing up with out a father and I've always had to take the best qualities from the good men that I came across in life. I always wondered about successful people's father's and what they have took from them that helped to make them successful.
AtlantaMusicDJ.com Hmm... he's always been super supportive but also pretty private... I'll ask him and see what he thinks :)
Be patient
Thanks for watching Anthony :) #BTA1255 Luka
thanx for the shout. i do agree, cuz if it doesnt workout, you have no debt,but as you grow in business you can apply for a loan, to expand as needed.one more request and this is a big request, do you think you can interview dame dash via skype on the subject of the ten rules,if you can that will be awesome i think that interview would be ground breaking thanx for your videos
jose cruz Doesn't hurt to ask :) twitter.com/EvanCarmichael/status/592170002180120576
Putting up ur own dough is necessary for others to take u serious. It's knowing that u believe that much in ur vision that you would bet on urself and believe u will win. If someone else is finding ur vision then ur vision gets compromised.
Thanks for sharing your thoughts and for watching. #BTA471 Shine
"Put your own money up..." It makes sense if you don't want any attachments that could put you in a position to challenge your creativity or integrity. It's like this, you can call Domino's and ask them to make you a pizza, or you can go to the market and get the ingredients yourself....
#Soup (was here - 702)
Soup (702) Thanks for watching :)
Hey Evan, love your videos and just subscribed. Can you do a top 10 rules for success on someone that isn't a celebrity? Maybe even your very own top 10 rules for success?
Marcel Williams Thanks Marcel - welcome to the #BelieveTeam :) I'm open to suggestions on who you want to see... everyone I've done has been a suggestion from someone... I've been asked to do my own top 10 list but I honestly don't know where to start... lol... it's hard judging your own work - maybe someone else will create one
Hey Evan! I love everything you put out. I actually asked you to put together something for Mark Burnett and you did!!!! It was great. I saw that you did something for Michael Jordan. Have you ever done anything for TOM BRADY? He is the greatest QB ever and he almost didnt make it to the NFL.
+Marcus Smith Tom Brady is on the list. :) #BTA76 Ivan
Yes You do need to put up your own money to be an entrepreneur. (unless someone sponsors your venture/vision out of good will and faith).
Black Hart :)
This is one of my faves,so far...I wish Dash's reality show ,would have really took off....
Thanks for sharing your thoughts and for watching Willie. :) #BTA569 Shine
Can you please do a sucess story on will smith,Jim carey
Daniel Grantham Both are coming soon :)
Daniel Grantham This is a quick intro: ruclips.net/video/mPVi66-EkyE/видео.html&lc=z12tiflj3mvvelc0l23oe3vgdozbvfudu
Utmost RESPECT for this Man.
Thanks for watching :) #BTA979 Luka
Congratulations Damon for all your great work.
I would like to see a video from J.Q. Rowling (Harry Potter's author) and her 10 rules to success
***** Thank you.. Got it. #BTA12 Nina C
Great :)
Money = energy , so invest!
+NaVeBand Nice formula. Thank you for watching :) #BTA80 Rey
Yes! Didn't see this one coming lol
May God Continuing blessing each and everyone of you.
+Thelma Way :). #BTA29 Nina
I love dames mindsets
Thanks for sharing and thank you for watching :) #BTA954 Luka
Absolutely, putting up your own $ is mandatory. In the end you'll reap at least 90% of the benefits...
+Keith Jr. Thanks for watching. #BTA9 Nina
i believe you should put your own money up to start a business. Great video
Thanks for sharing your thoughts and for watching. #BTA659 Shine
I definitely agree that you need to put your own money up.
+james drummond Thx for watching. #BTA23 Nina
Yes most entrepreneurs put up their own money. if they used opm for an investment and the investment was successful. The proceeds are usually used for their next endeavor. Even if the money was earned from a job, hustle it's still your money. Because you traded either time or something for the money. So yes entrepreneurs should put up their own money. Because if their idea fails. You don't have to worry about paying back a loan. If you finance your venture with a loan the bank owns your business not you.
all these videos are awesome
+Alvin Choo Thank you.
#BTA90 Nina
Great. Please Post Rothschild Top 10 rules for success??? maybe this is will be great !!
Thank you very much for your suggestion but it would be great if you could post your request under this video: ruclips.net/video/0arZb0xLIDM/видео.html If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. #Believe :) #BTA1618 Veljko
YO YOU MADE IT TO WORLD STAR !!!!!
Thanks Dame
Thanks for watching. #BTA262 Shine
We agree because when you put your own money up it usually means that you have as much at stake, as much skin in the game as the person that you are asking to partner with you has.
Thanks for sharing your thoughts. #BTA969 Luka
Yes I agree because you’re more in control
:) #BTA1374 Veljko
Evan Carmichael a Jermaine Dupri top 10 is needed ASAP - as one of the top music moguls he's got a lot to offer in terms of insights.
Thanks for the suggestion. I will pass it on to #BelieveTeam. :) #BTA314 Shine
Looking for a Damon dash figure in my circle of friends to inspire, maybe a shoulder be that person!
+MUUF thx for watching. #BTA34 Nina
MUUF just go watch all his weekly videos search "HIP HOP MOTIVATION "
yes
Thanks for watching. #BTA184 Shine
Good video,much respect to Dame. Don't necessarily agree to using your own money for all start ups but understand his point.
I need Elon Musk top 10.....Peace
Amon Pitts Thanks man... Elon Musk is done - check out: ruclips.net/video/zX7I_Rw8Q0I/видео.html
You are your best asset and using your own money can only make you stronger. You must invest in yourself.
+SWAG OFFICIAL Thanks for watching :) #BTA22
Answer to your question is really based on your belief system. That's what Damon believes. What Damon explains about always having a source of income until your dream pops off is true. You must have a definite flow of cash while you're working on your dream. That being said, then you also need to save some dough so you can support your dream. YOU CAN NOT GET A LOAN FROM ANY BANK UNLESS YOU HAVE CASH IN THE BANK.... so put two and two together fam. In order to put up your own cash .... You gotta work your ass off and be smart with your money.
+Raynard Williams #Believe #BTA35 Nina
Raynard Williams the 9-5 jobs are good if your working towards a goal than n need money to back you up .
Pain is the currency of knowledge - if you aren't willing to pay that price you absolutely do not deserve the reward that comes with it.
+Forrest Pugh thanks for watching. #BTA29 Nina
always dropping jewels on your videos !
Thanks for watching! 😊❤️ #Believe - Feb
He didn't say u need to put up your own money.... He said u should put up your own money.... Whoever money it is, is the true Boss.... So let's be real & not play with other people's money all the time....
well what money would you put up to start a business.you have to put up your own money
Thanks for watching and for posting your comment. #BTA447 Shine
yes you do have to put up your own money to become entrepreneur less headaches
Thanks for sharing your thoughts and for watching. :) #BelieveNation #BTA377 Shine
Yes, entrepreneurs must put up their own cash. lt sends the message to investors that you believe enough in your own business plan to put your own skin into the effort. If you don't belive in your business, why should they?
+Joe G So true. #BTA126 Nina
Dame has good insight.
Thank you for the comment and for watching. :) #BTA167 Shine
Yeah...put up your own doe is key
+Martin Ogboogu thanks for watching :) #BTA36
I agree 100 what Damon Dash is saying, this is the mentality that I am teaching my kids
Thank you for sharing your thoughts and for watching David. :) #BTA621 Shine
Hey Evan, is Sean P. Diddy Combs on your list? He's done just as much as Jay Z and Dame Dash, and has a bigger net worth.
+Steven Carr Yeah.. He is :). #BTA29 Nina
There was a misquote at the end of your video in the question you asked. He said "You're only a BOSS if you put up your own money."
+Nehemiah Ben Israel Thanks for watching :) #BTA95
Invest in your own 💰...You Reap what you Sow!
The question was do you need to put up your own money to be an entrepreneur .or successful. I think yes . I truthfully think that in a deeper perspective that you need to provide a proof of concept type of generating feedback to use in order to acquire the needs for the things you are working with to grow. I do not think you need as much money in the first place but yes it must be your own do the process of belief that if you truly believe within your self you will need put up all your resources up for use. TIME MONEY, WILL, TOLERANCE, each BREATH you take from your LIFE of each day.
OmegaEightz Thanks for sharing :)
Evan carmichael please do a Top 10 rules of success of "Nipsey Hussle" Please.!
+Samuel Mendoza He's on the list :) #BTA68 Ivan
Don’t agree with 9-5 talk have to learn the ropes first before having own business. So at moment just going to learn as much as I can.
But definitely agree with taking care of others first yup. That’s important! And yes in order to gain something you’ll have to lose something so putting your money up is necessary.
Thank you for sharing with us, Sohaib. Much love. :) #Believe #BTA911 Luka
Those are some solid rules
I'm glad that it is helpful to you. Thank you for sharing and thanks for watching! :) #BelieveNation #BTA697 Luka
please can you make video of my role model and mentor Mr
jim rohn
+SimplyCkp 24 Jim is on our big top 10 List. thank you.#BTA64 Nina
I agree w/ Dame.
Thank you for sharing with us and thanks for watching. :) #BelieveNation #BTA687 Luka
How do you get out of a 9-5 if you need it to pay bills until your vision preserves?
Check our channel for more videos, a lot of them covered that subject :) #BTA800 Luka
If you put up your own bread you will hustle hard.. You will be more passionate... You will care more... If you put up your own bread partners will believe that you love your own brand.. And you will actually be able to acquire more partners or loans to expand from banks...
+Trevor Willis Thanks for watching. #BTA11 Nina C
Thanks I admire Dame Dash allot, some people my disagree with him at time but he's self made!! I really enjoyed this video can you do Jeff Johnson next please
Frank White Thanks Frank - which Jeff Johnson (there are a few)?
Yes, if we pay our bill we are capable to live life the way we want... without any limitation
+Ved Parkash Thanks for watching. :) #BTA97 Monzur
If you put up your own money, it forces you to work extra hard to make the business successful, versus putting up other people's money that you won't care less if the business breaks even or not. Please profile Tony Elumelu. Thanks
+Victor Columba Adding him to the list.. #BTA36 Nina
I would invest in my own dreams first, and deal with everything that goes along with that, before ever investing in an outside venture.
+Tooth Soap Thank you for your comment. #BTA88 Jasmina
Yes, I must be willing to invest in MYSELF.
+Dorothy McKenzie Good luck. #BTA45 Nina
I think it's better to put up your own money that way you learn the process & you do it your way.
Black Thanks for sharing :)
Hey bro my last name is Carmichael too. That’s dope. Don’t think there’s too many of us out there!!!
Awesome! :) Thanks for sharing :) #BelieveNation #BTA912 Luka
You can either start up your own business with your own money or get a loan from a bank to start up your business, the business can either fail or succeed.
alex santos Thanks for watching Alex :)
It depends. On hindsight it appears right when you succeed and wrong if you don't. In my opinion if you believe in your product and can make it work with your own money - why give away 51% to someone who wants to sell your business after two years. That is like killing your golden goose once it has laid its first egg. However, maybe there are other alternatives too and I am sure there are some investors having for favorable intentions. For me Damon's way is the one I chose because I could start my business with my own money and believe in my idea so much that I do not agree working for it around the clock and giving away my shares at the bad conditions you face before your product is ready. Later I may very well take on coowners to get more leverage though.
MAAurelius Thanks for watching :)
But what if u don't have money where do you get it ??
There are many ways to earn money. Do something that you're passionate about, take action each day towards that goal, do what you love, Alex! #Believe #BTA616 Luka