3 Reasons To NEVER Start A Business With Your Family…

– What’s going on guys, I am Matthias. For those of you who don’t know me, I am the CEO of three different startups, and this channel’s kind of
about taking an in depth look in my day-to-day with
those three companies, you, me, my team, all
taking an honest look in some of my wins, some
of my mistakes as a leader, so hopefully we can all learn from them. Today, got a really really busy day, but I wanted to talk a
lot about what it’s like to do business with
your family and friends, and making really strong relationships and how you navigate those, so stay to the end where
I give you three reasons to start a business with
your family and friends, and three reasons to not start a business with your family and friends. So if you’re considering that, make sure you stay to
the end to watch that because that’ll be important for you, for your future. Don’t start without looking at that. So, I got some work to do, editing, some various other things. So I’m gonna get into that. I do wanna show you the finished setup. So what we’ve got here is
the A650 and the road mic, plus the desk is actually
cleaned up, so that’s good. I really hate messy desks, that is a pet peeve of mine. I don’t know why. I just gotta have my desk clean. So going over some feedback
that Tanner gave me today. One of his concerns was that he finds it difficult sometimes
to communicate to creators because they have so many
things to keep track of. I had an idea that I thought
might alleviate that, because I do believe that the creators have way too much to focus on sometimes, without a clear vision
of what to prioritize from upper management. We should be providing that. So one of my ideas to combat that is to make a Slack channel here, to safeguard against
supervisors and upper management giving everyone else in the company a little too much to do every week. So this Slack chat is gonna
be called Implementations, and the idea behind this is
each one of us supervisors or upper management is
gonna make sure that we all get in sync with
each other every Monday. Hello, I have created
this channel to ensure that we do not overburden our team. The OKR implementation has taught me a lot about how much our team can take on. This will allow us to
make sure we collectively do not implement too many changes in too short a period of time. Give me some feedback on this. Do you think this will work? You have any better ideas? Until then, leave that
down in the comments, I gotta go to the office. People say this looks like a purse. They’re totally right. (garage door opening) I’m sure many of you are
familiar with Team Edge, and if you’re not familiar with Team Edge, Team Edge is a company in
which me and my brother and my brother-in-law all started, so that they could have a
future doing what I was doing. I remember a lot of
people during that time, even my parents who were like, “Are you sure you wanna start
a business with your family?” I cannot personally say enough good things about working for my family, but that’s because I love my family. I think there’s something
so rewarding about being able to work right alongside your brothers or your sisters or whatever, and making things happen. You dream when you’re a kid, it’s just kind of a dream come true. But then again, that was my
relationship with my family. And to my parents’ defense, a lot of people have a lot of issues when they make businesses
with their family, and it’s not even to say
that we never had issues as a family when we made this business. There were definite
periods where we struggled, but I don’t think for a second, anyone of us didn’t
think it was gonna work. Okay, I have a meeting with
the supervising producers in about 15 minutes. Air filters all around, trying
to filter out all the stain. Wow, 1% battery. What’s up, dude? – Sup man?
– How’s it happening? – Good. – Are Tanner and Paul gonna be here, or are they still shooting, you know? – Is Tanner in the shoot? So, I was reading Measure What Matters and one of the things that
they were touching on was like, aside from just how to write an OKR and how to write key results, but it’s also like drive the point home of why we’re doing this. The aspirational portion of it. More so than just checking
off something on the list, but kind of like really
get behind the message. – I think that’s good feedback, cause I was looking at all of our OKRs, and I was also noticing that
some of the more inspirational, it was just like, improve work loads, or do this or do that. The issue with doing OKR is
that are purely functional, is that halfway through, you just don’t wanna do them anymore. The objective needs to
be a vision of the future that inspires you. Hey. – It’s true, that was inspirational. (laughs) – Wonder how it’s going,
unfortunately you said Panda and I know Tanner was gonna complain. – [Mathias] Panda Express? (laughs) – I’d say go to the nice places, don’t be late. (laughs) – I don’t know if I’m gonna go to Panda. I feel like death after Panda. – What do you want, go
out Wendy’s everyday? – [Matthias] No, I feel like
death after Panda and Wendy’s. – My laugh to your joke that
you said that was off camera, made me realize that
was a genuine chuckle, but I can’t tell when I’m
genuinely laughing at you because I corporate laugh
out of awkward situation. – But that’s what I’ve been
grilling you for so long, is you force out laughs now. – That corporate laugh. – (fake laughter) – Is one that’s developed
by YouTube videos of laughing or not laughing, because it’s like, Well this
is gonna be a much funnier bit if I laugh. – You’re tryna laugh track yourself. – Yeah, exactly. – Yeah, I feel like I’m trying, I used to never do that. Before I worked at Hi5,
I used to never laugh at my own jokes, and then when you’re on camera and no one laughs at your jokes, you kind of try to persuade them. – Instinctively, yeah, because laughing is contagious. – So I think I’ve lost my touch, so then I realize after you said an actual funny little
bit, I kinda chuckled and was like, “Dang, that felt good!” – (laughs) I get out of a meeting and there’s money all over the ground. What’s going on here? Did someone come up here and throw money? – No. Oh yes yes yes, (voice
covered by Matthias). – [Matthias] (laughs), she’s like no. Was it you? I know you’re the accountant
but I didn’t expect you to just throw money everywhere. – I ask him some money and then he, fly. – For those of you that don’t know Yong, this is our accountant, Yong, and she is the best
accountant you will ever meet, anytime ever, anywhere. – Oh, thank you very much. – (laughs) I just finished a couple of meetings, two meetings today, supervisors meeting,
and operational meeting. And we got through a lot, honestly, we came to a lot of
conclusions and resolutions. I’m really excited about
the clarity that we had. I think one of the big
mistakes that we made was that we bit off way
more than we could chew for okay, our system, we
have too many top line goals, so we’re gonna actually
eliminate a couple of them so we can focus a little harder. But the great thing about that is that I think we realized it months sooner than we would’ve normally realized it, had this been maybe three months ago. – Oh this is a great book. – He moves the Bible to
the other side. (laughs). CJ came in here, he was
giving me some feedback on how we can potentially fix or alleviate particular issue on some of our channels, and that issue is sometimes
talent on channels that they don’t run, feel like they’re disinterested. – Based on the feedback that you guys gave for Battle Universe and for Rekt, my solution to the feedback was to institute performance reviews based on our performance as talent. So if I go to be on Rekt,
I’m doing a poor job, Gunner should be able to record that, “CJ needs to step it up when he’s talent,” and not just for me but when
people are on my channel, I wanna make sure that they’re performing the best that they can, and sometimes people are
more consistent than others. – That’s the thing, we’re all humans, we need feedback, we
need to constantly adjust and constantly adapt. It’s interesting because you noted that you never get feedback
on your performance, you only get feedback on how
you’re running the channel. – Yeah, so as a producer
– That’s an issue that we need to solve. – Yeah, I mean as a producer, tons of feedback, we have weekly meetings, we have quarterly meetings, I never have gotten feedback on how I do in front of the camera, how I perform on other people’s channels, so that’ll just help
everyone’s performance, I feel. – [Matthias] Well I appreciate that dude. (laughs) – Oh my gosh, I’m trying to work here! – (laughs) You’re right, you’re on Foxer. – Foxer, it’s Sam’s, she’s
waiting for her package, okay? – [Matthias] Is she in there? – Is she? – [Matthias] You can just talk to her. – I’m like, excuse me? Wait. – (giggling) – Yeah, you should be stressed, cause he manages all of the
business taxes. I don’t. Thank you for that by the way. It makes it so I don’t have to, – Stress.
– Yeah I didn’t wanna go to that dark place. The question that I have
for you is what’s your take on doing business with family? Naturally we’re family, so like one sentence. Don’t make it a joke, it’s not allowed to be a joke. – Communication. – [Matthias] Really?
– Yeah. – [Mathias] Nailed it. Even one word. Bro, that’s what’s up, nailed it. Another cool thing that I
discovered was caption services that I’m experimenting with. As low as one dollar a
minute of content so, to caption our videos
professionally, not that expensive. So I’m gonna try that out, see how fast and effective that is. Hey where’s Jenna? – Hi. – [Matthias] Hi.
– Hi. – [Matthias] Hi. Conner is not here. Where’s Conner? Oh okay. – I don’t know where Conner is. What’s up guys? – Upu just got me instead, sorry. – [Matthias] Do you know
anything about the GG equipment? – No, what’s going on with the GG equipment?
– You can’t help me then. You just hang out in the Dope or Nope set? You got these chill vibes over here. – It’s a good workspace, Dude. – [Matthias] Alright, alright. – Hi, viewers, audience, fans. – [Matthias] It’s dark in here, dude. Whoa, so as you can see there
is no camera right here. There used to be a camera
that floated along here, getting various angles but we just decided to hang a camera up there. Less labor intensive. Giant fly in here. – What you don’t have a
lot of good footage today? It’s just a fly. (laughing) – [Matthias] We got you. I was wondering if it
was because of how bad it smells in here dude. – Probably. – [Matthias] One of you
guys could take a shower once in a while. Whatchu working on Izzy? You paint quick dude. Looks good, looks good. Just a lighter shade than what Mike has. Oh hi. – Did you catch that? – [Matthias] I did. Doing bottle flips. Oh, this? You’re building two of these? How long is that gonna take? – Our first day of hope. – [Matthias] Dude, that’s epic, Chuck. What is happening out here? – Dude that was so sick. (group chatter) – Nah, just hit it with one of these dude. – [Matthias] And it went in? (mumbles) – So this is for queue result two. – [Matthias] Queue result number two? – Two, three, and four. – [Matthias] What are you
trying to measure here? The queue result for
consistency on channels. – The consistency score
for the averages between, well this is for Paul’s,
averages of all three of the channels. Attention and inclension.
– And inclension, okay. – So Clickter’s weighted average is based on impressions, naturally. For instance, Dope or Nope and Rekt. Dope or Nope gets 80% of the weight when it comes to they’re watch time. – Also a word to the team too. For your initiatives that
you’re doing on you OKRs, if your initiative spans
the entire quarter. It’s not an initiative. It’s most likely a policy that you need to set up and then just follow. Don’t be tracking a million
things throughout the quarter, just your key results
and maybe one initiative while you’re doing it. What? He fell asleep in here. He fell asleep. One of the things that I
haven’t mentioned to you guys that I will mention relatively soon, I’ll tell ya when I’m more ready. So today I wanted to go over
a very particular comment by N Johnson on this channel. By the way, thank you
very much to everyone who’ve been leaving comments. If you guys have questions
about business leadership or anything, and let’s say
maybe I know the answer to them or maybe I know, you wanna
know my philosophies, leave it down below and maybe I’ll make an entire video about it. So this particular comment N Johnson says, Usually they say, ‘family and friends and
business don’t mix’, but you clearly have made both work. At least from what we’re
allowed to see as the audience. How do you make sure that
you’re still respected as a boss when you’re pretty close with
several of your team members? Actually, I have a kind of
nuanced response to this. I have three reasons to start a business with your family and friends, and three reasons to not start a business with your family and friends. We’re gonna start with the three reasons for starting a business
with your family and friends because I think that’s
possibly the most powerful. Reason number one, they’ll have your back. Your family and friends,
if you’re close to them, will always have your back
through thick and thin. That’s not something that you
can just hire out the gate and just hire some random person and expect that they’re
gonna behave like that. It’s just hard to find
people that you can trust and hard to find people that trust you. And most likely if you’re
considering starting a business with them, you most likely already
have a solid foundation at which your relationship rests upon. Number two is they’re gonna own it. Especially if you’re starting a business with a family member or friend, they’re going to own it just as much as you’re
going to own it, right? To be an owner is a lot
different to being an employee. An owner cares deeply about the success and stability of the business. They’re going to think about it constantly and also make sure that it’s successful because they don’t wanna
just make it successful for themselves but also they don’t wanna let anyone else down. That’s the way and owner thinks. Reason number three and one of the reasons I’ve never seen documented
online at all, maybe it is. Probably it is, but I’ve never seen it. I’ve just learned this from
experience, shared principles. When you have a family, you grow up with a common belief system like shared principles
that you operate by. Most likely when you have a best friend or really really good friends, you’re good friends with them because you have shared
principles that you operate by. This is so important when
you’re starting a business to find people that you think alike with. The reason is you don’t
have to constantly compete. I’m not talking about
competing over who’s the best and who’s the strongest. I’m talking about
competing over the meaning behind why you’re starting a business. It’s so important, especially
in the very beginning that everyone is on board
with that shared mission and that shared vision. See when you hire outside, when you hire people you don’t know, it’s incredibly difficult to find people that have those shared principles. A lot of the times, you have to train them to have those shared principles or you have to build models and systems that facilitate that kind of behavior. That’s really, really,
really difficult to do. Now here are three reasons
to not go into business with your family and friends. Probably something that you
wanna listen to very closely if you’re considering doing it. Reason number one, if you can’t communicate honestly
and effectively with them. If you aren’t able to have an
open and honest conversation with that family member, with that best friend, where
you’re able to tell them, hey I need you to work on this and you’re able to hear them say, hey I need you to work on this, it’s never going to work. I would also suggest
that if you’re not able to have that open and honest conversation with people around you, not
even your family and friends, I would suggest maybe don’t
even start your own business. A successful business thrives on open and honest communication. It’s so, so, so difficult and you’d have to learn
the hard way, for sure, that people need it. They need it. They can’t
operate without it. They can’t operate if you’re hiding things behind closed doors. There was a person that had accused me of, ironically, giving special
treatment to Tanner which he is my best friend but is surprisingly not one
of the four family members that were alongside me. It was kinda surprising, however they thought it was
just super inappropriate to have a best friend as a Director Port. I absolutely disagree with that. They failed to realize why
Tanner became my best friend is the same reason why he moved
up so quickly in my company. We share beliefs, we share principles, we share the ability to openly
and honestly communicate to each other without
bruising each others egos. These are all facets to any
relationship in business that you need to effectively
operate in a work environment. I also think it’s really dumb to think that no one’s allowed to be really close to anyone that they work with. I think you should seek
to have meaningful, deep relationships in the workplace. If you don’t, you’re work is most likely not going to be super fulfilling. The number two reason to not do business with your family and friends
is if they love something else, money, fame, fortune, an idea of themselves. If they love any of those
things more than they love you, I would not start a business with someone who loves something else more than they love their family members. It’s sometimes difficult to
discern that but I think, honestly you just need to
have an open conversation about saying, hey what happens
if the business goes down? You have to have that conversation. The third and final reason is if you love money, fame, fortune, a title, material items, if you love
any of those things more than you love your family and friends, do not go into business with
your family and friends. It will backfire because you always have to choose between money and your family, between material objects and your family, titles and your family, and if you can’t always
make the choice your family, that’s why families fall apart
when they start businesses. People choose the other thing. More important than
any of these other tips that I’ve given you, you have have to have a
conversation with yourself. What do you care about most? Why are you guys still here? It’s almost 5:10. – You said taxes. – [Matthias] Go home. What’s your excuse? – Tax season. – [Matthias] You got
nothing to do with taxes. What, why are you still here? Go home.
– Okay. – [Matthias] Go home. Sometimes you have problem
where people work too hard. It’s a good problem to have but sometimes you just
gotta tell ’em to go home. Are you waiting for Nicole? – I’m waiting for Nicole. – [Matthias] Dude, she was
up there still working. – We went ATVing this weekend
and my legs are so sore that I can’t get out of the car. – [Matthias] She’s up there working. – I’m like I’m gonna
wait for you in the car ’cause I’m too tired. – [Matthias] I told her to come down. – Okay, thank you. – [Matthias] Alright, bye. – Bye.
– See you tomorrow. Thank you very much for watching guys. If you enjoyed this video, I know it was a little bit different, a little bit more structured. I’m trying to find the
balance between doing really what I love of
structuring a video narratively and honestly, giving you a
bunch of raw, real content. Let me know what your thoughts are down in the comments below,
we’ll see you next time.

100 thoughts on “3 Reasons To NEVER Start A Business With Your Family…

  1. Yo Mathias could you possibly do a video on how you made it into this YouTube world. the struggles of YouTube, how you came up with the ideas of your channels and stuff. I have a channel but I have no idea where I’m going with it so would be good to see how you made it. 👍🏻 pretty sure I watch all your channels gl mate

  2. Let me guess, the thumbnail change was cause of youtube's stupid newer policies…

  3. I am absolutely loving this channel! Thank you for letting me in to your brain.

  4. Longtime follower/fan of all your work. I think you're incredibly intelligent and have a wealth of information to share regarding business and being an online entrepreneur! Thank you for sharing it with your viewers. I love the direction that this channel has taken. Keep on keeping on!

  5. I like CJ's idea, maybe weekly/monthly reviews alongside to see if there is any change within the person's performance. It'll show the company who is good in front of the camera and who is better off behind it.

  6. You updated the thumbnail! BTW great advise in all of ur vids. Even though I am a teen I get your talks. Keep up the great work!

  7. This was super amazing. Really goes in-depth on your business and how the process goes. I also love all the advice put into it. Keep up the great work!

  8. This channel is actually helpful.
    I like the advice you give or lessons

  9. I love the direction that this channel is heading. I really enjoy the knowledge and advice that you give in these videos. Keep it going!

  10. I love how thoughtful you are when you approach your business and family life, and I love the new style experimentation. I would have appreciated if you titled this video something slightly more positive or neutral, rather than the negative (ever so slightly) title that it has. There are great reasons to title a video the way you have, but perhaps you could explore titling the videos in a more authentic way or one that suits the tone of the channel a little more… just a suggestion. Love the message Matt 👍🏻

  11. Thank you ! I really like the reasons why you should and or shouldn’t start a business with family. I really like hearing it from this channel because it’s all from people who started a business without an ego.

  12. Hey matt so me and a couple of friends are looking to start a dog walking business any tips

  13. I noticed you changed the thumbnail for this video. How do thumbnails impact your views? Is there like some sort of analytics that help you decide what thumbnail to use or when to change them?

    As always, love your content, your thoughts, and your whole crew! Thank you for all you guys do!

  14. Not gonna lie, I thought this channel was just gonna be some cool insight into the background and mechanics of how you run your company, but I've realized there's a lot of solid advice on how to be a good leader. I was just recently promoted to management last summer, having never been management before, and it's been a struggle for me to get in the right mindset and figure out how to approach things. Definitely gonna be watching for more ways to improve myself!

  15. Yeah I'm 99% sure I'll never start a channel or a business of my own. Somehow I still find this channel extremely entertaining and interesting.

  16. Hi Matt!

    I'm currently working on a project with 6 people, and my girlfriend is also a part of the group. While it's not neccessarily a profit-oriented company in the traditional sense of the word, I have come to realize it's pretty much the same thing. And it's very difficult, because there's always the "What ifs" looming over me, and I'm constantly thinking about "Well yeah, but what if we break up, or we have a fight, and we can't effectively operate in the project".

    Also, I know a new business eats all your time and energy, but I'm trying to keep my weekends intact, at least, but when you have a close family member, like a wife or a girlfriend in the same business, or same group, it's very difficult to differentiate between your work-relationship as colleagues, and your private relationship as a couple.

  17. You do an amazing job Matt. Working with family and friends has to be stressful keeping everyone happy. The only times I get a little frustrated with anyone on the channels is when they act as if they "hate" being there , doing what their doing. No one should be favored or be let off when a "punishment" is the result of losing a challenge simply because they are sore losers. It's all part of teaching good sportsmanship. The whining sometimes just gets old. Only one person I can think of right now that annoys me with this, but I have to click out whenever they start this.

  18. Thanx 4 the vid Mathias. It was super informative. I realize now why I couldn't be my bestfriends shop manager…..ps love u guys on dope or nope

  19. Please don't stab your friend. Well at least just stab him in the leg…lol.

  20. I've got an idea its called class craft its meant to make school more fun but I think it could also be used for business so first you have to make a class those could be like each base then there are teams make teams of 4 or 5 there are 3 different classes of characters heeler mage and warrior best one of each in every team then there are missions like clean your desk and send a photo to your teacher the teacher can be anyone in the base that person regulates everything if you complete a mission you get gold points and XP points if it isn't abused or mistreated it could be really fun because the more XP you have the more you level up and can get new gear then there are also punishments if you die or do something wrong like late for work and there are customizable abilities you can get the more you level up.

  21. That’s true you and your family and your close friends have the same morals.

  22. At 4:10, to think he walked in to the room, set his camera up, then walked back out just to walk back into the room with the camera on him. Lol

  23. Love the new format and the invites part- very subtle but awesome! Love your vids Matt, appreciate you and your team

  24. You should read "The Trust Protocol" by Mac Richard, its a book written by my pastor and it has made SUCH AN IMPACT on my life and my workflow!

  25. Honestly love how up front and honest this channel is. Always good info, great vibes, and has the quality to really get the point more out there. Also, end segment of the video talking the three do’s and don’ts, the one on one camera angle really gave it a nice personal feel. Loving it. Keep it up Matt you’re doing great.

  26. Chuck should have his own channel such at wood working or behind the scenes oh him building for rekt

  27. Loved the close sit down discussion. Not only was it interesting, it seemed like a very personal and comforting set-up.

  28. I pretty sure last time i saw the thumbnail i saw mathias holding a knife

    I like my own comme

  29. This is the best behind the scenes I have ever seen. Its honest, its done by someone passionate about their work and team, and it is filled with good times and absolutely amazing information for others to use in life and business.

  30. I only discovered hi5 studios 3 or 4 months ago. In that time I've enjoyed binging your videos. I've grown to like your staff and it's been a good ride but with this channel, I get bummed out and it makes the other channels seem phoney in my opinion. I guess they are right when they say, never ask the sausage is made. I'm unsubing to all the channels except Team Edge for now. Sorry

  31. This video was eye opening. I'll admit I wondered about Tanner's rise through the company since he seemed to be everywhere, but if he puts the work in…he deserves to get where he goes. I can't wait to see what else we're going to find out as time goes on. ^-^

  32. Random thought for Hi5 videos. People say that they're too challenge driven, so how about… stop putting "challenge" in every title. BAM, it's no longer a challenge. It's a game, it's a fun video. Stop using the "C" word so often and it might give things a renewed vibe.

    And I mean I don't know if that might effect the click-ability of the video, but personally I think it would be refreshing to stop using the "C" word as much and brainstorm good and fresh title ideas even though the videos may be the same and they still may be challenges, (:

  33. I love this channel, so inspiring. just live your life steadily at a good pace and upload your videos the way you want it and the way you like it. upload videos of things you think could change our lives. really loving the videos very interesting for me, a teenager and its inspiring me to start up a business with the chemistry you have with your employees.

  34. Hi Matt do you still use the Hi5 studios website as it hasn't been updated for some time.

  35. This channel is honestly something I never thought I'd find myself watching but I can say I'm really enjoying it.

  36. I really want to show these videos to my mom since she plans on opening a food truck sometime in the future. Sure, not everything could be applicable to that kind of business, but I think it'd still help her out even just a little bit.

  37. This was the best video so far. Great advice about starting a business with family/friends!

  38. Hey Matt another question about Hi5. How are the interviews there? I mean who make the interviews? What kind of information do you think you can get to know if someone will fit in Hi5 structure and workflows. I make some questions some times really outside the box.

  39. Matt when’d you start this channel? I just found it I watched the Dope Or Nope channel when it was Matthias and I it’s early stages

  40. Did anyone notice the thumbnail change at first it had a knife now a help me sign also Matt’s face change

  41. Loved it. I really need direction regarding leadership and managing. I have been promoted and now have several people under me. I have never had a leadership position in the workplace and the management above me set no good examples nor offer any real help. How am I supposed to become a good manager/supervisor when everyone above me, including the owner, have no real management style. I have basically been set loose to govern as I see fit without consequences. Other than my company tanking. I need guidance and advice on so many things. Thanks for this channel Matt.

  42. I absolutely love the whole concept of this video. Thank you for sharing your thoughts and opinions on business. It's a great look into the world of working with family and friends.

  43. So I'm not crazy! He changed the thumbnail! How come?? Maybe the first one set the wrong impression?

    I was so confused at first.

  44. This is actually really good. accepting feedback and providing viewers insights or knowledge that you want to share gives aspiring individuals like me to understand the concepts of the overall work space. Not sure if that's the thing you are trying to say, but that's my take.

    Been watching you since your team edge backyard days and i really like how you progress and how you develop to who you are today. thank you soo much for being inspirations to your viewers. LOL trying to make sense even though I don't comment that much but hope you understand my point and hope it comes through 😀

  45. Try exploring agile as a way of managing work. Maybe link it to the individual OKRs. Agile would give individuals accountability and make the process of tracking and managing work more efficient.

  46. This is stuff is amazing. Miss seeing this type of content. Always here to help you guys out if possible!

  47. Good tips 🙂 there’s an unofficial rental business for my grandparents old beach house in my family that has been going on for years and it’s time to end it. One of the parties involved makes all of the decisions and has hid so much from us and I agree, you need to have a business with someone you can be honest and communicate with.

  48. I literally don't watch any of your other channels (watched some of your stuff religiously years ago), this channel is just so interesting. You have a very unique position, so it's cool to hear your take on things.

  49. This video was very helpful. I am not planning to start a business anytime soon, but hearing your points on starting business with our without family was very interesting. Thank you for taking the time out to make these business videos. 🙂

  50. is it just me or does this video show that tanner is so smart

  51. I'm 13 and I have dyslexia and I want to know the way you managed with your dyslexia and became so successful with dyslexia. You inspire me a lot and I love how committed you are to everything you do.

  52. Did you name Hi5 studios because you and your 4 other relatives started and worked together in the business?

  53. my main question is how do you come up with ideas for content i have been thinking of making youtube videos but im not sure what content i would like to produce. i watch your videos because i like to learn from you and the advice you give helps me to improve on how i think about decisions but i am still struggling on ideas of what content i want to make and how i want it to be seen if that makes any sense thank you for reading this and good luck for the future.

  54. I am not a huge business guy but if I do join a business in the future it's always good to know how things work…and besides who don't want to see Matt vloging

  55. What is it like working in your company and how is the start up when you hire a person without the knowledge of editing or how to work some if not all of the equipment? What types of things do your employees have to do and what other things do the people whom are in videos have to do?

  56. 5:45 Tanners not wearing a seat belt we must protect him at all cost

  57. Hello Matt. I've been a viewer of your channel since before Hi5 studios and I must say you have been an inspiration since day one. You are the sole reason I've decided to start a business. I have just one question though, after getting the ground ideas for what you want to, where do you go from there? I feel like there's so much to do but I don't know where to start.

  58. Can you make a video on what other work stuff you have other than editing videos

  59. Honestly just discovered this channel, and this is the best Idea. And thank you so much for enlightening me on the mindset I should develop for maintaining a self sustaining business.

    Just a question, would you have any advice and starting up a retail style store; where I would buy things, how to do it, how to hire people effectively, etc. It would be a great help.

  60. Thanks, I’ve been thinking of starting a YouTube channel with some close friends

  61. I always say this in your channel's comments, but I would love to work with you guys! I really respect the way you run your companies and treat your employee's!

  62. I work at a gas station but I have made a really good friend working there. We work a lot of the same shifts. I walk to work it almost 3 miles there and he asked even if hes off he always offers me a ride. When me and my significant other get in a fight hes there for me but for my other half too. We are both trans and that's one reason I think we are such good friend. But we are also not afraid to buy truly honest with eachother. It's fun working with him and if I'm having a bad day he knows how to make me laugh

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