What to Do BEFORE Starting a Business or Side Hustle [Video]

If you don’t know what to do before starting a business or side hustle, listen in, to avoid becoming the dreaded “nine out of ten businesses fail” statistic. With us today is Gabe Nelson, certified financial planner and business advisor, who has extensive experience advising with both new and established businesses.

A couple of decades ago, Gabe was in the position many entrepreneurs are in today. He was working seven days a week, almost living at the office, doing anything he could to build his business. Once his daughter was born, he knew he had to take a step back from the seven-day workweek. Then, his second and third daughter were born, forcing him to automate, delegate, and eliminate every unnecessary task on his plate.

Now, with a thriving firm, Gabe knows what does (and doesn’t) work for solopreneurs, and the systems they need to implement now to secure a happy life tomorrow.

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Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
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Get Started with Gabe:
https://www.gabenelsonfinancial.com/
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Tips on Relationships and Money for Solopreneuers:
https://www.gabenelsonfinancial.com/podcast/tips-on-relationships-and-money-for-solopreneurs-with-megan-spawn-ep-14/
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Athena Executive Services (Virtual Assistants):
https://athenaexecutiveservices.com/
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Dion’s Episode of The BiggerPockets Podcast:
https://www.biggerpockets.com/blog/biggerpockets-podcast-448-dion-mcneeley
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: www.biggerpockets.com/guest
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Follow Dion and Mindy on Instagram:
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@mindyatbp or https://www.instagram.com/mindyatbp/

Episode 249

Show notes at: https://www.biggerpockets.com/moneyshow249

0:00 Intro
2:38 The #1 Key of Any Successful Business
7:44 Keep Your Relationships While Running a Business
16:06 The Motivation to Help Other Entrepreneurs
20:24 Why 90% of Businesses Fail
29:36 When To Hire Employees and Staff
42:14 The 5 Steps to Starting a Business
45:28 Famous Four
50:47Reviewing The Steps to Business Success