How to Start a Small Business?
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- Опубліковано 18 кві 2017
- ► Q: If you were to build a company today from scratch, at the beginning stages of your company, what would your top three first moves be? Keep in mind you only have $3000.
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The #AskGaryVee Show is one entrepreneur's take on leadership, social media, self-awareness, winning, marketing, venture capital, arbitrage, digital media, influencers, company culture, start-ups, attention, content, management, empathy, legacy, parenting, family business, crushing, storytelling, thanking, jabbing, right hooking, hustling, and the New York Jets.
Gary Vaynerchuk is a serial entrepreneur. Fresh out of college he took his family wine business Wine Library and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding his own VC.
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Wine Library: winelibrary.com
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I wased dishes for a restaurant that made 40 different types of pies for 10 years and learned more about baking then if i went to baking school. They taught me how to streamline the kitchen, how to food cost, flavor match with the client, and many other baking sciences. Now i make the best churros in the world and this is not bragging this is truth. Its all because i know what i am doing from experiance
So you started a churro business or just became a great baker for personal knowledge?
Im asking because litterly a week ago I was contemplating on buying a churro cart.
I usually am all about Gary's advice but i think he missed the mark a bit on this one. Not saying he's wrong but i think he assumes every aspiring entrepreneur wants the next Nike (or to own the Jets 😁). But for many, they simply want to get out of the corporate lifestyle and be self sufficient doing something they enjoy (including the grind). I think his advice is better in the context of not jumping in head first to something you have little to no experience in OR in the context of it being different running a fashion business vs. being a front-line soldier for one. Still a lot of solid advice here GV!
Minntality I absolutely agree with you here
Well.. I think every guy who wants to run a buisness should get him self a mentor to "teach" him the practical work on how to *actually* run a buisness instead of just jumping in to it and lose the opportunity of having a good, running buisness
I think Gary advised this dude to "shadow" a successful entrepreneur specifically because of the question he asked i.e. the top tip for someone new to the game looking to succeed on a razor-thin budget with zero practical experience is to not take the risk of jumping into a business but learn about all the moving parts and absorb all positive traits associated with successful business people ... now does that mean that no one can become a successful entrepreneur if they jump straight into the fire? NO ... but it is rare ... Just like not every Harvard dropout will become the next Gates or Zuckerburg ... and the kind of people that do will just know that they can do it and not have to ask the question this dude asked ... for all of the rest it is just a common sense move that Gary V suggested ...
A front-line soldier had to go through months of training before he becomes one. They are not going to throw you a gun and kick you on your way.
@@Dennluko Very Well Said
Solid advice! I've been in the fashion industry for over 13 years. I started to build a clothing line back in 2003, I stopped and went to work for an embroidery shop to learn more about the clothing field. I now work for a multi-million dollar company that encourages me to keep going with my goals of having my own custom clothing line.....i also get to use all the machines to make my clothing. So the advice in this vid is 💯...
Oh wow, that inspires me to make my clothing line
Specs H that’s awesome man, I’m currently on the same track. Would love some insight. I’m working at a print shop and starting up my brand on the side !
Appreciate this advice! I’m currently working for a small business and the money isn’t that great - BUT I am getting an EDUCATION about running a business. Before I started working for this successful business, I thought that I had a solid method in handling complaints, and after seeing how the owner does it, I realised I don’t know *sh!t* - there’s nothing appealing about telling others I’m doing admin, operations and customer service for a small business, but what I’m learning is invaluable and I’ll be applying it to my own at some stage this year. Thank you Gary for reaffirming my decision.
I’m usually in line with near 100 of what Gary “spits”. But he kinda missed the mark here and even seemed a little perturbed that a straight question was asked that he couldn’t just give a quick answer to. There are young entrepreneurs who DON’T have a family with a wine business, and have at least a start to experiment on things that may works. And saving $3000 is a HUGE deal. The kid asked for 3 tactics he should focus on, and $3k is in the bank to something with as well.
But Gary tells him to shut down his BIZ and go work 3 years for some else. Then adds “be an assistant” to a CEO as if those are just handed out like candy.
Simply put, Gary could’ve taken time with this and not been so rushed and embarrassed that he was flustered by the question. Because it was THE MOST SOLID question from a young business builders perspective I’ve seen in a long time.
Gary’s great, and his spit is FIRE. But this one left a lot to be desired.
What could he gave said better towards more basic, foundational stage of business then? ☺
This man is not going to succeed because he kbows nothing abt business
Well go tell him then Shaft.
One of the best advice!! It's truly a privilege to have access to watch your videos. I thank you Gary for helping me and many others in this world grow and I look forward to trusting the process.
Get some work experience so you understand the industry.
All he had to do was answer the question and then state “but before you start, go work for someone else and learn” . I honestly think he answered the way he did because he didn’t feel like the guy was being genuine, he was just trying to get exposure.
I've been running a comedy club out of my off-campus apartment for the past 2 years, and I'm leaving to go to Los Angeles for a summer to be an intern at another big comedy club there. I'd been a little upset about having to go from being at the top of my own thing to having to go intern for someone else, but this video has completely shifted my view. Thank you Gary.
3:30 arm gains Gary! Woooh (Ric Flair voice) Good to see your hard gym hustle paying off with your vascularity gains. Shows you’re getting leaner man. Love your work and advice as always
This is definitely what i did wrong when i tried starting my own brand. I like that it’s pointed out to me this way than not at all.
The search engine is awesome!
I had this thought, what you just said. But i wasn't able give words to it, thank you so much for making this so clear.
Exactly! too many people saturate industries, with poor structure and no knowledge in startups, looking for free marketing. He was right, if you gotta go on his show to try market your brand lol then yuo might as well quit and go learn more from a cooperate company. Your awesome man!
Humility and Patience! I have the former but only maybe 60% for the latter.
Very sound advice as always!
It's amazing how some people will listen to good advice from someone who has been there and still find something to complain about.
Love the search engine. Always love a reminder to do the HARD WORK from Gary :P
haahheehee...still love the part at 7:55 when he was playin' around prank callin' on the star trek phone!!! :D!
100% You are the best !
So many comments on both sides of the coin on this one. On one hand... his advice was more from a wisdom standpoint. He threw out some Mr Miyagi, "Marcro" shit right there haha. But on the other, i can see where he didn't say anything that could help in the "mirco" short term. I worked for several Big Name fitness companies. Hated it. Decided to Branch out on my own. And for Context: i was in the industry for several years. I knew most of the ins and outs... yet, when i went out on my own, I still had a shit ton of questions. Despite already working in the same industry. It's not the same. So for me... I joined a mastermind group of other Fitness Boot Camp owners. Watched hours of UA-cam videos from different sources and I learned how to take small bits of advice from everyone and make it my own. Long story short... There's no answer. You're gonna have to figure that shit out on your own. And I think that's kinda what Gary was trying to say here.
Gary is definitely work by your side for free without hesitation. I’m a huge fan!
Sorry to bring one up out of the Archives BUT I am feeding on all this content right now, so good! At the beggining of this year I quite a job I wasnt enjoying and taken a new job now that although takes me away from my family for short periods of time it also free's me up when I'm home to get myself back in the game and start what will be my 4th business. Unlike a 20 something year old, I cant live at home with Mum nand Dad, I have 3 kids and a beautiful wife to help look after so I need to work and earn x amount, but I have sold off all the toys and now even drive a cheap reliable normal car so I can afford this next adventure, I've had to "lower my status" but figured my real friends wont give a shit so I got over that pretty quick but it wasnt easy to do at the time I was very short sighted. I'm so friggin excited, next week I am pitching an "Internship" idea to a company so I can learn the craft, I will be working for free for as long as it takes to learn what I need to learn so I can come out the other end with the knowledge to get my own business going, short term pain for long term gain. The company wasnt keen at first as its not usual practice here in Australia to take on Interns but I was able to leverage on my many lifes experiences and have plennty to offer any company I end up Interning for because I am one of those guys who is a Jack of All Trades, Master of None, but I am also 43 years old so Im lucky. I think the advice Gary gives in this video is about gaining experience and having patience so that you do things right and then you can achieve your dreams, rushing in and risk being reckless may cost you your dreams, which is why I want to intern first, I could just jump in and give it a crack but I may make mistakes that cost me clients and I dont want to risk damaging their business or wasting their money both of which will cap my potential to grow. Coming up through my 20's and 30's I didnt have a Gary Vee in my corner...I do now!
Thankyou Gary...You just solved my problem from which I wassuffering from months :) TY
This was exactly what happened to my sister, she was working as a 2nd in every internship (non paid)/job in the clothing industry, living in an shitty apartment with 4 roommates in London for 4 years, and now she got her own desk at nike (she got contacted tho by them).
3:00 before building a business, work for successful people the industry u want to work in
Remembered watching this before starting my own business. 5 months later I'm still looking for specs of gold in this video...
@gary vee is it a good idea too turn from once I get the small business to rising it to something better as in not a small business to a full on business
Anyone who understand you should not upset over the advice you gave. Your real that what we loce about you Gary.
I needed this
I don't get Gary how do you just say "email a CEO of a 5million dollar revenue company" when I've tried everything to do that they don't just check their emails I'm pretty sure you don't get around to it. And then ask for a high ranking job on top of that.
Davarous Milton gary said in another video that 99.9% of thoes people are going to ingnore you and only one will say yes..so basically thats the ratio you have to sent email everyday to get someone to notice you..and as for job..you are working for free and helping them with random things not high end stuffs..you need to learn and take from them..its not a job they will give you atleast at first
Davarous Milton man you gotta keep trying personally when I first started in the app space I emailed like a shitload of elite app people who had huge companies and a lot of them didn't get back to me but but some did I actually had like one on one convos with these guys eventually....call them out on twitter usually they don't want to hurt their brand by ignoring your public cry for help so they'll reply on there and then transition into an email convo with them from there...that's how I got my replies lol 😂
Davarous Milton thats because those people like gary and many other youtube gurus say what you want to hear. There is no reason a ceo will even see your email, yet alone respond to it.
Davarous Milton hi! You know peter mckinnon? He reached 1m subs in youtube in 9 months and hes now self employed. He sent his video to hundreds of companies/accounts and 1 reposted his video and another and it spread like wildfire. Just send send send
Hey! Do you know where Peter talks about that? Would love to learn more about his strategy
Yes great idea; go to work with someone who will make you sign a non-compete, it will serve you well.
Yeah, it happens.
Great point
Wow so agree with Gary on this one ! There is NO replacement or shortcut for experience. I have had 35 years in sales and marketing for dozens of different companies. I just started this channel telling my stories. I couldn't agree more with you on this one Gary. By the way yes Joey had very nice arms. 😯
Thx Gary that really changed my mind, about what to do first, really, thx dude
solid advice Gary, reppin that 500$ rent in LA over here building my business
Thanks for the advice!
india reminds me of lisa simpson
reminds me of Phineas and Ferb's sister lol
hahahahahaha wtf
India is a funny place, I live in India
5:00 mark - team up with too brand, experience, instead of failing your brand
Humility & Patience
Important sharing Gary! "Do not work for a wage! Work for learning..." (Robert Kiyosaki, 'Rich Dad, Poor Dad')
1:58...anyone notice her in the background bounce into the door
India with the Third man records shirt
this video got me subscribed. thanks
Good call Gary... love your honesty and wise advice.
I make youtube videos. whenever I don't want to make videos I watch Gary. Then I make videos again! Thanks Gary!
hello - email if interested to make videos for my social media - email me @nsunny03@gmail.com -- subject line " social media youtube video "
the search engine is dope btw
Love it!
This movie motivated me to send you my question via video 🇯🇵
Hey this advice is what I needed thank you
Isn't India dating UA-camr Kraig Adams? It's a small world.
Legit question: is it really that easy to contact a CEO of a large corporation to try and get work? My thought is that there must be a lot more barrier to entry and that a CEO wouldnt just let some shmuck work for them bc they want to.. They'd ask for resume's, refer you to HR, things like that - no? If i'm wrong someone please explain it to me. I'd love to work under a big CEO for free - but i dont know how realistic it would be simply just by asking.. theres typically screening processes
2:53 If you crack up laughing let me know otherwise I'm lost😂
Spend more time sharpening your axe and less time chopping. I agree Gary!
Hey, Garvy what you think about 4 Hour work week book. Please make a video on it.
How do you write a business plan if you have no experience?
I trust you Gary... even if I don't understand it now.
So basically the strategy is to learn by experiencing hands-on the business you wanted to make then you make your own "tactics"?
I usually like his videos but I think lately he just uses most of the time bragging about himself rather than actually helping people imo
Very practical advice
Isn't the apparel business really competitive? Maybe start with something smaller to gain experience?
I love Gary and his content, BUT I do not agree with his advice in this video.
When you go get a job in a business, you do what helps the business grow, not necessarily what you really wanted. It's the business's benefit at the end by paying employees for their time.
I just don't seem to come into agreement in this case.
Anyways, here's what I think I would suggest. As I am starting a tech services business here, the number 1 thing that I believe is:
1. To figure out EXACTLY how you will get your customers.
I focused on building and it didn't work. As Dan Lok says, nothing happens until a sale is made. It's very true.
So that's the first thing in my opinion.
I would love if anyone here who finds me right, agrees with what I said, or corrects it if not, and add to it what they think would be the top three things.
I will share other two as I gain experience.
What is he saying
Crushed it!! 🔥
Just fire 🔥 love it
Hi Gary what kind of Instagram do I have to set? Business profile or personal profile, thanks in advanced
Brutal but useful ⚡
Nothing beats real world direct experience. Being young and unbound to family responsibilities is an incredible opportunity. The idea of making a few million in less than a year or two is ridiculous. Most people don't even "make it" till they are almost 40. Thats if they were grinding hard for 15 years or more. Look at Kevin Hart or D Johnson. Those dudes were grinding away relentlessly for over 10 years before getting to where they are. Like Gary says enjoy eating shit for years if you want that pot of gold. If you don't love the process you'll quit in less than a year.
can i just say how willing will they be to take on a chief of staff when you have no experience
Gary coming through with that great content as usual! It is amazing that this is all available for free. I am trying to the same!
Noted
amazed by how many thumbs ups were given to this video which has little to no advice for this situation... I'm no guru with entrepreneurial DNA but I think if you had $3,000, I would put some of it towards adwords, towards inventory for influencers, and I'd invest in some solid photography equipment or borrow some from a friend. Then, I would reach out to/ingratiate myself with all the local IG influencers in your city and start getting them to wear your goods and take photos of them wearing it. This will give you an initial boost and get some cash flowing for more marketing. Apparel is almost always a branding/awareness play.
In the meantime, I'd start getting orders from local schools, sports teams, sororities, etc to make them t shirts for events/runs/parties/games, etc.
My assumptions here are that you have the printmaking equipment, sourcing, that you live in a big city, and that you have free time to spend on grassroots marketing on FB and IG.
Im gonna hustle for my next generation
LOVE THIS!!!
To be completely honest, the future most successful entrepreneurs 90% of the time won’t be the ones watching videos like these, because they don’t need them. They don’t need motivational videos either, they’re just born with motivation. They have natural talent and drive.
Makaveli That's impossible
Not true
You might be right but sometimes people don’t born with talents, they find their passion and work on it to become good or better at it and that’s why we seeks this kind of videos to have a different perspective about such things.
Makaveli I disagree. Some kids have parents who encourage them to go to college, and these kids are curious about other options are going against what has been indoctrinated into them.
You don't know, you just assume people are born entrepreneurs which is not correct, that's why you'll never be one. Change your fixed mindset to a growth one.
Still gold.
What a twist!
Dat Third Man Records shirt
First I thought he referred India as to the country
Lol the ny jets in the back. High five to anyone who know what that means.
So true
I have a question sir. How to convince that 5 million dollar man to work as his right hand man ? I would be glad if you answer , I have a ton of other questions as well!
Great video! Do you know how much it is to setup a website for a new business? I checked around and www.website-wizards.com was pretty good price but wanted to know who you use?
You need to get in touch with someone who builds sites to understand how much a site will cost. We are generally in the business of selling time. Same thing can take 2 days or 5 days to implement. There are many variables. These online calculators aren't accurate.
Anybody knows how India is doing? This is ridiculous but I’m really interested in how she’s doing. It’s like a character that just disappeared from a tv show and I miss her
What's a chief of staff?
Gary, what if you don't have a college degree to get a job like that in the first place? I guess theres always a slim chance, but idk maybe not the right method for someone like that
Monroe Jordan if you don't believe you can, you never will. Impose everything you have
You don't need a degree to just write notes and get coffee for someone with little to no pay. That's what he's suggestion. Offer them free or cheap labor in return you get to sit close and learn from them.
#60MINclub if that's not a thing, I just started it. 😂
and thats how it started xD
Are you huge yet ? :c
I love the advice! This is how we are gonna change the world. #RAF
Apparel is a tough business...ask the guys on Shark Tank...he's right on media and distribution...very hard business and cut throat
So basically, work to learn.
its actually hard to find roommates
The video was about starting a business, You lost the track maybe..
Joey - did you do this?
Kale shake lol
You're F***ING AWESOME
Nice third man shirt
feels like an episode of the office
patience
Bravo!!! That's an advice! Work!! May I contribute to this, by advising: study a "hard" subject! Engineering! Law! Medicine! Even if you fail you will never be living on the minimum wage! Don't be afraid of the terminology! E.g. engineering! The most of us design very common systems! No one will ask you guys to design a space station! Except you are geniuses but in that case you have already made the decision to be an engineer! The same about doctors and lawyers! Start humble! The world is connected! Don't take 100000 dollar loan to study in your country! The best universities except the tops which anyway you need more than money to enroll are abroad!!! And most are for free!!!
A typical example of this model is Tom Ford's path
If he didn’t say $3000, his answer would have been different. Gary you don’t know it all!!
If he probably had taken time, he would have given a better answer. This answer of his doesn't resonate with me at all.