Final advice: trade-offs of entrepreneurship

Serial entrepreneur CHRIS KOERNER reveals how he built 80+ businesses from scratch, turned side hustles into millions, and why ONLY $500 is all you need. 

Chris Koerner is a self-made entrepreneur and content creator, known as the “King Of Side Hustles”. With over 1 million followers, he now teaches people how to build and scale a business and he is host of the ‘The Koerner Office Podcast’.

He explains: 

◼️The brutal truth about passive income (and what to build instead)

◼️How to turn $1,000 into $10,000 fast, with a step-by-step formula

◼️The #1 habit silently keeping you poor without you realising it

◼️How to use AI tools to launch and scale instantly

◼️The simple framework for testing any business idea with $0

[00:00] Who Are You and What Do You Do?  

[02:36] What Businesses Have You Started?  

[05:46] Is This the Best Time to Start a Business?  

[08:52] Copying Businesses  

[13:06] Experimentation and Testing  

[20:24] Your Experience With Buc-ee's  

[23:13] Is Entrepreneurship for Everyone?  

[30:36] Should We Have Plan Bs?  

[36:27] Passive Income  

[39:23] How Important Is Passion?  

[42:08] How to Know If You Should Pursue an Idea  

[47:23] How to Validate Your Ideas  

[49:02] How to Test a Product  

[52:14] How Important Is It to Learn Facebook Ads?  

[57:24] Ads  

[59:04] The Different Types of Entrepreneurs  

[01:00:07] How Important Is Focus?  

[01:02:17] Did You Feel Guilty for Trying to Build Businesses?  

[01:07:17] Rejection and Failure  

[01:10:12] Team Building and Business Partners  

[01:12:43] Equity Split in a Business  

[01:15:25] What Would You Do With $500 for a Business?  

[01:21:10] Drop Servicing  

[01:28:06] Making Money From Vending Machines  

[01:36:29] Ads  

[01:38:32] What Business Would You Do With $1,000?  

[01:41:22] Online Business With $1,000  

[01:43:51] What Would You Do With $5,000?  

[01:49:24] Don’t Ignore This When Starting A Business

[01:50:22] Which Has Been Your Most Profitable Business?  

[01:52:26] Keep Trying and Experimenting  

[01:55:49] Any New Business Ideas You’re Trying?  

[01:56:47] Business That You Should Stay Away From  

[02:00:46] Should You Really Become an Entrepreneur?  

[02:03:55] What’s One Thing Steven Did That You Appreciated?  

[02:08:30] What’s the Most Popular Question You Get?  

Follow Chris:

Instagram - https://bit.ly/4oFom0i 

YouTube - https://bit.ly/3XBUI16

X - https://bit.ly/3Mc0UdJ 

The Diary Of A CEO:

◼️Join DOAC circle here - https://doaccircle.com/ 

◼️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook 

◼️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt 

◼️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb 

◼️Get email updates - https://bit.ly/diary-of-a-ceo-yt 

◼️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb 

Sponsors:
Wispr: https://wisprflow.ai/DOAC
LinkedIn: https://www.linkedin.com/DIARY
Adobe: https://Adobe.Ly/OneBetter
Ketone-IQ: https://ketone.com/STEVEN for 30% off your subscription order