👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=blog-48-shocking-cost-before-starting

Get your copy of Lewis’ new book - The Home-Turf Advantage ➡️ https://www.htabook.com/?el=blog-48-shocking-cost-before-starting

🗣 In this episode, we dive deep into a topic often overlooked by aspiring entrepreneurs—the hidden costs of not starting your dream business. 

Beyond just finances, they explore the value of time, personal growth, and the risks of waiting for the "perfect moment."

👉 Do you know someone who would love this? Share this video ➡️ https://youtu.be/R_O8vwuSON8?si=capHGZXR2LzXzcvt

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Links and Resources Mentioned:

For Aspiring Business Owners or Side Hustle Seekers Based In the UK…

New Book Reveals How To Launch A Low-Maintenance High-Profit E-Commerce Business Using The UK "Home-Turf Advantage”…

While also enjoying more time with your family, being free to travel, and setting the hours you work.

Click here to get your copy >>> https://www.htabook.com/?el=blog-48-shocking-cost-before-starting

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Links and Resources Mentioned:

Get Shopify for £1 a month for 3 months: https://www.dropshipunlocked.com/shopify 

Get a free trial with a professional phone line: https://www.dropshipunlocked.com/circle 

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Key Takeaways:

★ Time is a non-renewable resource, and every day delayed in starting your business represents a lost opportunity.

★ Entrepreneurship is not just about financial success but also personal growth and development.

★ Waiting for the "perfect moment" is a myth; taking action is more important than waiting for ideal conditions.

★ The daily financial impact of not starting can be substantial, both in terms of potential income and time.

★ The opportunity cost of waiting for the "right moment" can be significant, hindering your progress and financial success.

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Learn More:

 ➡️ When people are ready to create time and financial freedom for themselves, they visit - https://www.dropshipunlocked.com/free?el=blog-48-shocking-cost-before-starting

 ➡️ Subscribe to The Dropship Unlocked Podcast to stay up-to-date on the latest episodes, and leave a like to help others discover the show.

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Topics Discussed:

In the Dropship Unlocked Podcast Episode 48, hosts Lewis Smith and James Eardley discuss the importance of recognising the cost, both financial and time-wise, of not pursuing your dream business. They emphasise the value of time as a non-renewable resource, and how every day spent hesitating is a missed opportunity for success. James Eardley shares his regret over not starting his own business sooner, highlighting the potential financial and personal losses of procrastination. The speakers encourage listeners to develop a "time billionaire" mindset and embrace change, uncertainty, and entrepreneurship to build resilience and ultimately experience the benefits of owning a business. They also provide advice on assessing supplier quality for high-ticket dropshipping products and emphasise the importance of personal growth and learning. The podcast also covers a listener's question about testing suppliers' quality, and the hosts offer tips on partnering with established, reputable suppliers to ensure product quality without incurring excessive costs.

• 00:00:00 In this section, Lewis Smith and James Eardley discuss the importance of recognising the cost before starting your dream business, focusing not only on financial aspects but also on time and potential growth. They emphasise that time is a non-renewable resource, and every day spent not pursuing your business idea is a lost opportunity. A recent study by Entrepreneur Magazine shows that businesses that start quickly have a 30% higher chance of success, making it essential to take action and avoid a dabbling mindset. Despite the challenges and stresses that come with entrepreneurship, they encourage appreciating the present moment and cherishing time spent with loved ones, emphasizing its non-renewable nature.

• 00:05:00 In this section, James Eardley shares his regret over not starting his dream business sooner. He emphasises the importance of time and its irreplaceable value. James Eardley explains that every day spent procrastinating means wasting precious moments that cannot be regained. He encourages listeners to recognise the value of time and take action towards their aspirations, likening them to "time billionaires." He and Lewis Smith discuss the myth of perfect timing and lament the lost opportunities of waiting for the right moment, using the example of the early days of Bitcoin.

• 00:10:00 In this section, James Eardley and Lewis Smith discuss the regret of not starting a business earlier and the fear of uncertainty that holds people back. James Eardley shares his experience of wishing he had started a year before and the potential financial loss he estimates. They also touch upon the uncertainty of the future and the risks involved in waiting, using the example of the unexpected COVID-19 pandemic and its impact on businesses and jobs. Smith emphasises the importance of embracing change and uncertainty as a business owner and taking action despite the unknown factors.

• 00:15:00 In this section, the speakers discuss the importance of starting a business and building resilience into it, especially during times of crises. They argue that people underestimate the risk involved in a corporate nine to five job and the lack of control and transferable skills that come with it. By starting a remote ecommerce business, individuals can gain valuable skills, financial stability, and future opportunities. Delaying the start of a business is compared to having a winning lottery ticket unclaimed, as every day of inaction is a loss of both time freedom and potential earnings. Small businesses contribute significantly to the economy each year, highlighting the potential gains from starting a business.

• 00:20:00 In this section8, James Eardley and Lewis Smith discuss the costs of not pursuing one's dreams in terms of time and money. Eardley emphasises that the longer one waits, the more they lose. The cost of time is significant because it's something that can never be regained. On the financial side, James Eardley references the concept of "ignorance cost" or "opportunity cost," emphasising that not knowing how to make a certain amount of money each month is costing one far more than the difference in earnings. James Smith shares his personal experience, explaining how paying someone to teach him something he didn't know resulted in significant financial gain. Eardley concludes by stating that success comes to those who grow personally first, emphasising the importance of learning and personal growth in the path to entrepreneurship. To help listeners embark on their journey, Lewis Smith suggests checking out Episode 27 of the Dropship Unlocked Podcast, titled "How to Launch a Drop Shipping Business with Zero Experience," and encourages not letting fear keep one from the potential rewards.

• 00:25:00 In this section, hosts James Eardley and Lewis Smith answer a listener's question regarding testing suppliers' quality when dropshipping high-ticket products. They explain that it is possible to assess supplier quality without making costly investments by partnering with reputable, established suppliers with a track record. The hosts advise checking customer reviews online, market reputation, and looking for suppliers that provide return services. This approach simplifies the process, especially the returns, in case of issues, as the supplier handles them and offers refunds or replacements to customers. This model saves retailers' costs while ensuring high product quality. Additionally, the hosts thank a listener, Russell P LMR, for a recent positive review and invite him to make an appearance on the podcast.

• 00:30:00 In this section, the hosts, James Eardley and Lewis Smith, express gratitude to their guest for sharing valuable insights on entrepreneurship in E-commerce. They encourage listeners to share the podcast with others, as the discussion may inspire someone to begin their own online business venture. Lewis Smith suggests checking out his book, "The Home Turf Advantage," for practical guidance. The hosts also remind viewers to subscribe for more strategies and success stories, and invite them to leave a five-star review for the show. They conclude by thanking the audience for tuning in.

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Website: https://www.dropshipunlocked.com/ 

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★★★Dropship Unlocked - Lewis Smith★★★

How to Launch a UK Dropshipping Business Offering Next-Day Delivery...

...Even If You Don't Yet Know Which Products To Sell

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