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In this episode we are answering the question, "Should You quit your job to start a business?” Gary Smith of the StartUp Three YouTube channel, will discuss the benefits and challenges of starting a business while maintaining financial security through continued employment.

Gary, a U.S Army Veteran and seasoned entrepreneur shares personal experiences and practical strategies to help you make an informed decision about whether to dive into entrepreneurship full-time or grow your business alongside your day job.

Tune in to discover how you can effectively manage both worlds and make the right choice for your entrepreneurial journey. Don't forget to subscribe to Start Up Three for more expert business tips and advice! -Gary Smith, MBA

This is the podcast version of our YouTube video. You can watch this episode and all our videos at StartUpThree.com

Show Notes:

0:00 - Introduction to the dilemma of starting a business while working full-time.

1:32 - Examining financial security and the implications of leaving a steady job.

2:43 - Benefits of maintaining a full-time job while starting your business.

4:13 - Challenges of managing financial uncertainty in new entrepreneurship.

5:15 - Strategies for balancing a day job with entrepreneurial aspirations.

6:15 - Pros and cons of dedicating full-time hours to your business venture.

7:05 - Time management tips for juggling entrepreneurship and a full-time job.

12:24 - Impact on personal life and maintaining mental health while starting a business.

14:11 - Long-term vision and planning for a smooth transition to full-time entrepreneurship.

18:02 - Gary's personal journey from launching a business while working at Mercedes Benz to full-time entrepreneurship.

19:07 - Final thoughts and encouragement for prospective entrepreneurs.

YOU CAN WATCH THIS VIDEO ON OUR YOUTUBE CHANNEL HERE!

YOU CAN WATCH THIS VIDEO ON OUR YOUTUBE CHANNEL HERE!

Unlock the secrets of business success with a success mindset as Gary Smith, of the StartUp Three YouTube channel seasoned U.S. Army Veteran and business professor, delves into the mental strategies employed by successful entrepreneurs. Discover six powerful insights that can transform your approach and align your mindset for business triumph.

From leveraging intuition to embracing the alchemy of innovation, this video is a treasure trove of wisdom for anyone looking to navigate the entrepreneurial journey with confidence. Don't miss the intriguing discussion on synchronicities in business connections. Learn these invaluable tips and strategies to help your business flourish in its crucial early years. - Gary Smith, MBA

This is the podcast version of our YouTube video. you can watch this episode and all our videos at StartUpThree.com

Show Notes:

0:00 - Introduction to the psychological aspects that influence business success.

1:26 - Secret 1: Intuition - Exploring how intuition guides decision-making and its impact on business success.

4:04 - Secret 2: The Alchemy Of Innovation - Discussing how challenges can be transformed into opportunities through innovation.

7:27 - Secret 3: Self-Discovery in Entrepreneurship - Unveiling the journey of personal growth inherent in the entrepreneurial experience.

10:07 - Secret 4: Psychology as a Strategy - How psychological fortitude and mindset play a crucial role in building a successful business.

12:19 - Secret 5: The Power of Intention in Business Goals - The importance of setting clear intentions and visualizing success.

15:26 - Secret 6: Synchronicities in Business Connections - Investigating the role of meaningful coincidences in forming business relationships and opportunities.

18:05 - Conclusion and invitation to explore more business growth strategies.

YOU CAN WATCH THIS VIDEO ON OUR YOUTUBE CHANNEL HERE!

YOU CAN WATCH THIS VIDEO ON OUR YOUTUBE CHANNEL HERE!

Dive into the critical reasons why 70% of new businesses fail within their first decade with and how you can avoid the entrepreneurial mistakes make by so many other business owners with Gary Smith, of the StartUp Three YouTube channel a U.S. Army Veteran, business and marketing professor, and entrepreneur, explores the seven common mistakes that lead to business failure.

From the absence of a clear business plan to the perils of cash flow mismanagement, this video is packed with actionable insights to help you avoid these pitfalls. Whether you're a budding entrepreneur or looking to strengthen your existing business, these lessons are crucial for longevity and success in the competitive entrepreneurial landscape. Stay tuned until the end for an essential bonus tip that could save your business from becoming another statistic. - Gary Smith, MBA

This is the podcast version of our YouTube Video. You can watch this episode and all out videos at StartUpThree.com

Show Notes:

0:00 - Introduction to the high failure rate of new businesses and the promise of actionable insights.

1:22 - Mistake 1: Lack of a Clear Business Plan - Discussing the importance of a detailed roadmap for business success.

4:00 - Mistake 2: Ignoring Customer Feedback and Market Demand - The dangers of overlooking market needs and consumer insights.

6:40 - Mistake 3: Underestimating the Importance of Marketing - Highlighting the necessity of effective marketing and brand communication.

9:03 - Mistake 4: Trying to Do Everything Alone - The value of delegation, team building, and seeking mentorship.

11:25 - Mistake 5: Neglecting Legal and Regulatory Requirements - Emphasizing the significance of legal due diligence for business protection.

13:30 - Mistake 6: Lack of Adaptability and Resilience - The need for flexibility and endurance in the face of business challenges.

15:50 - Mistake 7: Cash Flow Problems - Unveiling cash management issues as the primary cause of business failure and how to avoid them.

19:27 - Conclusion and invitation to learn more about successful entrepreneurship.

YOU CAN WATCH THIS VIDEO ON OUR YOUTUBE CHANNEL HERE!