Why I Don't Want Equity In Your Business

So first question that you, I guess, should think about and what I always think about is what do I actually need to know about somebody before I would ever consider becoming their business partner? And honestly, I would need to know a lot.

Mainly, I would need to know about your work ethic and honestly, just about how you are as a person.

Because I have had business partners in the past and these are people that I had known for years and years and years before we got into business together.

And guess what? Even with that type of relationship, things can still come up.

So why would I want equity in someone's business that I know from maybe a 15 minute Zoom call? How would I know what you're going to do with it? How would I know what is going on in your head? How would I know what things look like in three months when we're doing tens of thousands of dollars a month? How would I know what things would look like in six months when we're doing 100,000 plus a month? How would I know what things would look like three years from now when we're hopefully doing multiple seven figures a year? There is no way for me to know.

So why would I ever want that relationship with, you know, I'm sorry, but a stranger, right? Maybe, and I do hope from my trainings and from my content and my podcast and my YouTube, you feel like you have a good understanding of me, which is probably true because I do share a lot and I'm very open on these.

But again, if I know nothing about you, why would I want to enter in a relationship? It would basically be like getting engaged to somebody that I met online and had a 10 minute FaceTime call with, right? I would obviously never do that.

I didn't even know I wanted to get married till I was 30 years old.

Let's just say for some reason, I neglected knowing that I needed all of that information about you.

And I just said, you know what? Let's go ahead and do this, right? Well, what if I do all the work? I have my team build your store.

I have my team do all your content marketing.

I personally go and set up all of your ads exactly how I set up my own.

How do I know that you're even going to do anything? How do I know that you're going to have the time commitment? How do I know that you are going to process orders correctly? I don't know anything about what you're going to do.

Basically, it means I'm wasting my time and it means I'm paying my team for their time on a project that, quite honestly, we would have been much better off doing ourselves.

And if I made these deals and accepted these offers time and time again every time people asked...

How would I feel owning literally parts of hundreds of businesses run by people that I've never worked with before? I'll tell you, I would be completely stressed out and would be the opposite of my goal in business, which is, as the company name says, the dropship lifestyle.

Having a lifestyle business that doesn't require a bunch of stress, where everything is streamlined, where I know predictably what I'm going to earn every month and what is happening in my businesses.

So first question that you, I guess, should think about and what I always think about is what do I actually need to know about somebody before I would ever consider becoming their business partner? And honestly, I would need to know a lot.

Mainly, I would need to know about your work ethic and honestly, just about how you are as a person.

Because I have had business partners in the past and these are people that I had known for years and years and years before we got into business together.

And guess what? Even with that type of relationship, things can still come up.

So why would I want equity in someone's business that I know from maybe a 15 minute Zoom call? How would I know what you're going to do with it? How would I know what is going on in your head? How would I know what things look like in three months when we're doing tens of thousands of dollars a month? How would I know what things would look like in six months when we're doing 100,000 plus a month? How would I know what things would look like three years from now when we're hopefully doing multiple seven figures a year? There is no way for me to know.

So why would I ever want that relationship with, you know, I'm sorry, but a stranger, right? Maybe, and I do hope from my trainings and from my content and my podcast and my YouTube, you feel like you have a good understanding of me, which is probably true because I do share a lot and I'm very open on these.

But again, if I know nothing about you, why would I want to enter in a relationship? It would basically be like getting engaged to somebody that I met online and had a 10 minute FaceTime call with, right? I would obviously never do that.

I didn't even know I wanted to get married till I was 30 years old.

Let's just say for some reason, I neglected knowing that I needed all of that information about you.

And I just said, you know what? Let's go ahead and do this, right? Well, what if I do all the work? I have my team build your store.

I have my team do all your content marketing.

I personally go and set up all of your ads exactly how I set up my own.

How do I know that you're even going to do anything? How do I know that you're going to have the time commitment? How do I know that you are going to process orders correctly? I don't know anything about what you're going to do.

Basically, it means I'm wasting my time and it means I'm paying my team for their time on a project that, quite honestly, we would have been much better off doing ourselves.

And if I made these deals and accepted these offers time and time again every time people asked...

How would I feel owning literally parts of hundreds of businesses run by people that I've never worked with before? I'll tell you, I would be completely stressed out and would be the opposite of my goal in business, which is, as the company name says, the dropship lifestyle.

Having a lifestyle business that doesn't require a bunch of stress, where everything is streamlined, where I know predictably what I'm going to earn every month and what is happening in my businesses.