7 Common Mistakes That Can Sabotage Your Financial Success
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- Опубликовано: 27 сен 2024
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✎ In today's video, learn 7 costly financial mistakes you need to avoid at all costs. You'll get expert advice on things that you should never do when starting your business!
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Thank you for watching - I really appreciate it :)
Much love,
Evan
#Believe
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
Its okay to fail..... But its not okay to quit... Get up and dust it off
That's right! :) #BTA875 Luka
Darth Vader
Darth Vader Of course its okay, there's no point continuing something if you can't do it. It's better to stop and do something else. That actually shows more strength to walk away from something you know will never succeed at
Darth Vader 💯🙌👏
It is easy to say
00:59 - Pick the wrong business (passion 1st, money will come)
02:00 - Make the "perfect" plan (make a simple plan, start, adapt)
03:07 - Spend money (carelessly, not frugal)
03:54 - Try to do it alone (you need a people: friends, meet up, a team)
05:11 - Jump into the wrong partnership (work on small projects before committing)
06:39 - Operate in a bubble (get out of your comfort zone, expand your knowledge/skills)
08:25 - Start a product (Generate income asap, improve as you go)
Thanks for sharing :) #BTA806 Luka
Ty
👌🏽👍🏽👍🏽👍🏽
😂😢😢😅😅😅😮😮🎉🎉😂❤😊😊😊😊😢😢🎉😂😊😊 0:25 @@EvanCarmichael
I'm a young business and currently making enough money to oversee all domestic bills such as storage, garage rent, utility bills, vehicle, food, petrol and money towards buying tools. I don't have a social life as all my current, money after deductions goes on tools. It's a lonely path being an entrepreneur, but its far better them working for someone else.
Goodluck on you bussiness. ;)
Very interesting id like to know more. Do you have Instagram?
💯💪🏽 keep at it
Yes! True
Q
And here is the only advice when starting a business: Stop listening to people what to do or not to do. Go figure it out yourself. You can thank me later.
but it's a long way bro. I think I believe of 'don't reinvent the wheel."
tomone2010 I haven't started yet , but that's what i'm thinking. learn as you go, make mistakes, learn from them,move on....
unless taking some time to think what they are trying to say and realizing that they are completely right.
That's not a good advice. Confining yourself within the bubble of your own mind/knowledge/beliefs isn't good. Many times these _beliefs_ aren't factual in real life. I don't care how smart someone is. They need to read a lot, experience a lot and _still_ listen to other people. Even listen to what "newbies" or "beginners" have to _say_ . Not necessarily to take what they say as "gospel", or in search for a "step-by-step" guide... but at least to inspire new ideas/solutions to develop in your brain...... or to give you a reality check on what can actually be done and/or should be done regarding a particular point....etc. What you should have said was something along these lines: *Stop being that dependent on other people and what they say. Some of you are addicted to spending tons of money on courses, or just asking questions all the time, while not actually doing the work. Be more "action oriented".*
How do i know whether to listen to this or not though...? O.o
The perfect plan is some absolute BS. It's like what Mike Tyson said "everyone has a plan until they get punched in the mouth", just get started and figure out the rest from there. Taking the first step is always the hardest.
Update: I did not expect Evan to reply haha, that's so freaken awesome!
I took inspo from Evan and recorded my own 7 things NOT to do when starting a business, even added in a bonus because I think the bonus point is likely going to make or break the business.
ruclips.net/video/HZgdbSWNWGM/видео.html
Thanks for sharing your thoughts David #Believe :) #BTA1460 Veljko
It's still hard to me for real
Atukwasa Promise hard for you to take the first step?
@@DavidQuan sooo hard to choose what is wrong and what's right
True, but I'm not sure I would take all of Mike Tyson's advice. lol
I can't say I am guilty of making the perfect plan. My very first business, the plan was on a napkin, took 10 mins to write and I still got funding for it. I ran it for 6 years before selling it and forming a new business with a small group of friends, that had no plan at all and I was part of it for 3 years before getting bored, selling my shares to my friends and moving on to making my third company... The plan was just a bunch of drawings and squiggles.. Now I am making my third company and I am taking it seriously this time. 100 hours and still working on marketing. Still not over planning though. It is really casually written.
Also in many industries you need to spend money to make it. Software engineering you need a computer before you can program.
Interesting and inspiring experience. :) Thanks for sharing Falney. More power to you! #BTA258 Shine
I started out as a it consultant working with small local businesses and then went into web design. It wasn't a million dollar business but it doesn't really need to be to be successful.
hello falney i would need your guide on how to start my own business.. email me at mdafzet@gmail.com
MD AFZet if faleny emailed you the guide for starting the business please.send to simplyyours1@gmail.com
I tell myself if you don't start your own business you have to stay employee for the life which I hate. I have nothing to lose starting my own business but the salary of two years working. I am so much energetic and imagine my next five years as a successful businessman.
M. Reza Mahdi yes! go for it! :)
How did it go? Where are you now in terms of the business?
Reza Mahdi this was 3 years ago but how's it now, bro? That thing's actually what i worry right now. I don't wanna be working as an employee all my life though i love my job.
He making too money to reply lol
It's already 4 years completed and i think ur still doing job...
I've been juggling with my thoughts for years to venture my own biz. You are 100% right. Planning excessively didn't take me anywhere. I am super inspired by this vid.
Glad you're feeling inspired! :) #Believe #BTA912 Luka
2 of my businesses collapsed because I jumped into the wrong partnerships.
My business never got out out of the planning stages because of the wrong partnership.
Thanks for the emphasis, guys, will take this seriously.
Thats why i think starting out alone (small) is just fine.
Ya and then once it is working then you scale up.
Azen Kwed
The only ship that is sure to sink is a partnership. - Dave Ramsey
Do you think you'll ever get into a partnership again?
I'm starting my own business soon.
All the best to you Elais! :) #BTA241 Shine
How did it went?
What happened
Failed to start his soon business. He was soon quitted already lol
Have you?
Advice number one, dont follow ANY advice. Listen, but dont follow, figure it out yourself.
Thanks for sharing your thoughts and for watching. #BTA486 Shine
What's the point of listening if you won't do it anyway?
Love this one the most! I started Five Cents Matter on my own, and my dream is to take it all the way this year!
Jpk Channel But youre giving me advices
You're all missing his point... he's not saying he'll do the opposite of what someone says to him. He'll listen, and make his own judgement on whether or not its a good plan, or use the thought to snowball his own ideas. That's what a true entrepreneur does.
The first point is partially incorrect and with first time business startups, I believe the reason a lot of them fail is BECAUSE they don't put making money first. They think with their hearts first, not their heads. Passion is what brought you to that point, but passion doesn't pay the bills, you have to make money.
Thanks for sharing your thoughts. #BTA309 Shine
***** Thanks for the great content Evan.
You have to think about a startup that will eventually lead a path for you to earn money.
Excuse me but who are you to say that are you a millionare No! than you can't say anything.
If you are than your rigth
you clearly didnt understand, he was implying you had to care about what you do genuinely, you can't just be a vending machine. Passion carries your business further, you might think your making enough money and dont need anymore, maybe you want to do something else, and start from scratch. if you did what you loved tho you wouldnt stop you'd just keep going. I suggest you learn how to properly decipher what someone is saying and understand he's trying to teach not brag.
What a great list of “Do Nots”. It is particularly relevant since a lot of people are wasting time starting businesses they have zero interest in; just so that they can make money. I guess we sometimes forget that growing a business takes time and full of twists and turns. In reality, there are two types of businesses to start:
1) A business centred around your passion and hobby
2) A business based on exploiting an opportunity.
Most internet based businesses that people spend time on are the type (2) which requires entrepreneurial flair, web knowledge, SEO etc. Many who start such we end up quitting because the “5 Clicks To ...” promised will not happen overnight. When problems occur (which it will) people simply give up. But if you start a type (1) business; in a space you love, you can weather the pain to the reach the other side - success.
If I am to add one more “Do Not” it will be - “Don’t Borrow Money To Start A Business”! Even though I teach people how to raise money; I always try to persuade them not to borrow money or at least reduce the amount they want to borrow because borrowing costs, it is stressful and most times an unnecessary waste. If you need $50k before you generate your first sale you probably need to avoid that business. Hence, I agree with Evan when he says - “Start a service business first not a product business.” I will only add - start a product business if it is not costing a fortune. Meaning with an amount you can afford to lose!
+Start Your Own Business Academy Very well said. Thank you for sharing with us an amazing insight, and thank you for watching! :) #BTA124 Luka
This video hit the nail on the head for me! I am trying to operate this business solo and I become stressed, frustrated, I have stopped being active in the business, stay home because I am spending money and not making money, and too consumed with the perfect plan! What action I will start to follow up now on is finish reading the power of broke that I am halfway through, watch videos, and ask for help with the business.
Thanks for sharing your thoughts Enriched Investments. Yes, it's important to have a team - start with 1 person - even to help you with your business part time at first. Here are some videos that I hope will be helpful to you: ruclips.net/video/snnxRiyJL4E/видео.html / ruclips.net/video/DZZqv0ao068/видео.html / ruclips.net/video/pT_vy87DaUM/видео.html / ruclips.net/video/4lg6ZG1p_PY/видео.html / ruclips.net/video/IN9vmjnR7dc/видео.html / ruclips.net/video/8TtMXeIWYwg/видео.html & ruclips.net/video/eBy5CMXs0qg/видео.html All the best! :) #BTA514 Shine
It is interesting how different are business plans for different aspects of business. What i agree, is every business plan, no matter how perfect it is at the beginning, its different in actual life. Every entrepreneur should make his own decisions, but take into account other people experience.
Thanks for sharing with us :) #BTA1257 Luka
7 minute mark. Love this story. Stories like that are extremely helpful to me to suck it up and hang in there. Thanks.
Tait Jones :). Thanks. #BTA13 Nina C
Very good video, it really inspired me to continue on my path to being a full-time entrepreneur.
+A Foster Woot :). #BTA14 Nina
Because money love SPEED.
I’ve started my own Custom Oil Painting Company and this was something I wanted here and I’ve been doing very well, I have spent so much money but worth every cent! Great information!!
Thanks for sharing :) #BTA875 Luka
Congrats
I started with a product and it's doing amazing. A tea that helps with sleep and anxiety. It's how I'm getting my name out there for my nutrition counselling.
I agree with this video 💯%. The money point is so important. Many people focus on the money and forget to focus on the problem they are attempting to solve.
#3 Stop spending money... #4 Hire people... mmmhhh kind of contradictory advice, and it's really really hard to get people to work for you for free when you are a startup, like really hard.
Nati Franco really hard. But not impossible
@@sheldonman3452 no, actually... since you want to get technical. lets get technical. it IS in fact impossible. because if someone is willing to work for free, at that point its called volunteering. therefore, its impossible to have some "work" for free.
You dont need money to have a "starting point".
I think what he meant is spending on yourself...buying stuff you don't need...not really man power...
Identifying good minded people is an art. That can be learnt through mentorship n coaching. Willing to learn ping me
I want to start off by saying you inspired me to start my online business, the past few days has been really slow but I kno with time every thing will pick up. It is not easy but with your guidance and leadership I believe I can preserve threw any of the challenges that comes with building a business via online. You always prove high quality content that never disappoints, and I appreciate it to the fullest. I will continue to support you and your movement. Peace love and meditation from New Age🙏🏻🙏🏻
Aww, thanks for the love, appreciation and support New Age. Glad you are inspired and you are taking action to achieve your goals. :) If you are interested you could catch Evan live by following him/believeteam on Twitch: www.twitch.tv/believeteam He is usually live every Friday at 9:15AM EST so you can ask questions there via live chat and/or you can also join his newsletter to receive any updates www.evancarmichael.com/newsletter/ All the best to you! Always #Believe! #BTA387 Shine
"You don't need money to make money"
Your kidding right...?
No he is not kidding...you can use your time, energy and any resources you have first to make money. Also don't let not having money be an issue or excuse for starting something. All the best! #BTA449 Shine
It just need a word of mouth. You have to build that only!!!
A double edged sword. No, one does not "need" money to make money, but it sure does help! Especially when one needs "money" to buy inventory. Lol
@Bryan Langsdale
If you're poor, then you need money..
That's the truth of it.
Unless you manage to store items/etc in your dead grandmas mansion
How do you expect to make the product with out money. This guy is the biggest smoky Joe I have ever seen. And about planning? What do you think a business plan is for? How do you decide if you sole trader or limited company? You need a business plan to do soo. Thanks God I never wen to he's college hahaha damn! Some people are dome
Thanks Evan for giving your reasons as to why to launch a service based business first. It makes total sense because I was leaning toward product based first but the expenses up front makes things more challenging. Back to the drawing board...
I was considering making several versions of a Mexican Sweet tamale. Tamales are big around the holidays at least here in So Ca.The sweet ones are not that popular I believe that is because they are not that attractive. I figured a way to do that. I have reconsidered though.I really enjoy cooking (for family/friends I've learned) but I decided that I do not want to be doing this on a regular basis. I would have to hire people to make them for me and get a kitchen to do this. I want to start something that does not require much capital .I am willing to put in the hours required but I must enjoy doing what I'm working on to keep me motivated. So #1,3,7 all hit home for me. I'm taking a step back. I do have an opportunity for a service type business that I will explore more. I'll stay in touch. Thanks for all the stuff you put out by the way.
Man not taking any credit away from you, but these are the exact same thoughts I've been having considering the business I want to start and your video just confirms that I do have an entrepreneurial mindset and now I'm more motivated than ever to get started. Now I KNOW I was meant for this. Thank you!
You're welcome. Glad it resonated with you. 😊💛 #Believe - Feb
Pretty encouraging, since I learned most of this from failing with my first independent brand. Nowadays I pretty much have learned from all of these. Great reminder!
Glad to hear that the video was helpful to you! :) Thank you for watching, Sharif! #BelieveNation #BTA401 Luka
This shit really hit me wow
Thanks for watching. :) #BTA327 Shine
me too
go for it girl
how
When I saw the first tip I was crying... Yes, Passion, real passion, want to change something is the most important thing for someone who wants to start the own business.
Thanks for sharing your thoughts Hao. Totally agree with that. :) #Believe #BTA533 Shine
Emil where do I start with the mistakes? Failures can bring success even if you just learn to get at it again.. And always lead with value that can change peoples lives. If you do that the money will come. This is a great video!
Fail forward! #Believe :) #BTA1203 Luka
Thank you for the video. Just about to start my first business and all advice is worth listening to. I learn from everything, but your advice makes sense. I appreciate you taking the time to help new business owners like myself. Thank you.
Thank you for the appreciation and thanks for sharing with us. Glad that our content is helpful to you! #Believe #BTA478 Luka
Great Advice Evan! I really appreciate this video :) I felt like if I didn't have the "PERFECT PLAN" then nobody would take me seriously. Do you have advice on how to create a plan in the beginning that doesnt hold you back from getting started but also can help get investors?
We already have a lot of videos on that subject, you should check them out :) Thanks for the love, Jesse! #BTA944 Luka
it is crazy that the first reason is still giving me a hard time to settle. im in my early 20s and have worked with my dad who has multiple small businesses. he always tells me to not think of getting money as everything, same with my experience in college as i work to get my mechanical engineering degree. i've started a mobile detailing business not to only get money but to get experience as an entrepreneur first-hand and i gotta say when im out there working it feels great, for now. but it's the downtimes i have like when im looking up engineering jobs that makes me think how can i increase my incoming revenue, very good video thanks
Thank you for sharing with us. Glad you enjoyed the video :) #BTA1236 Luka
had a negative comment earlier but I like this guy now...Thank you for the valuable advice and I agree about service business. Customers will always remember the service better than product and owners often times DO pour EVERYTHING they have in the business.
Thank you for sharing your thoughts and for watching Merlin. Great to know you found the advice valuable. All the best! #Believe #BTA646 Shine
Wow! Good stuff!
Fantastic Presentation.
Glad you liked it Carl. :) #BTA322 Shine
As a young guy trying to get an online business started I can say these help me immensely! You truly inspire me and I watch all of your videos keep up the good work!
I'm sorry for the late reply. Glad to know you are inspired Captain Fizzy. Thank you very much for the appreciation. All the best to you! :) Much love. #Believe #BTA483 Shine
Captain Fizzy so where's your business at now, two years later? :)
I'm starting a service based business, so I was so happy when you suggested this be the first business to start. I totally agree. No overhead, except your time. But I'm stuck at the numbers. The best business entrepreneur "knows her numbers". I don't and I got some buzz about my business, but have not solidified material cost, labor, hours per job, cost per job, insurance, worker's comp, taxes . . . my head hurts. But right now I need to get my knowledge of numbers straight. There is another bright side for me after listening to your video. I'm starting this business to make money, yes, but it's primarily a service for teachers and children.
Catt Hardy Thanks for sharing. It's never easy but you will be great at it.. Thanks for your support. :). #BTA34 Nina C
I have to always give Thums up to your awesome video.
We appreciate your support very much. Thank you for always watching!
I was able to start making money online when I visited this website called *OnlineNetCareer .Com* There I found the tools I needed in order to be successful at online money making. If you want to start making real money online, you must go there.. This is how I am making over $700 per day easily from home
Thanks for the love and support as always. :) Much love. #BTA483 Shine
So true! Choose wisely. Don't get stuck in the planning/training loop - but keep developing along the way. Work in community. Vet your partners. I just found your videos and love your energy!
Yay! Glad you found our videos. Welcome to the channel and to #BelieveNation. I hope you'll find more videos here that will be of help to you. :) #BTA320 Shine
so on point my bro.. i was 14 yr old high school drop out. i established my business Healthy Organic Products a year ago.. invested my dol money by the hundreds, jumped right in with launchin a product that was unique triditional moari medicine 100% organic, we done well then our product sat on the shelf gathering dust, i then lauched a service in reflexology, massage of the feet while using and promoting our product and selling them also, i am now just putting together my business plan as i know i use the profits from my service and products to support my family,, now i have potential employees around the world to sell our products but im re thinking as to what you had just said in this video about partnership been like a marrage,, an as a 27 yr old devorsed solo mum i take relationships very very seriously.. so thank you for that as i was just keen for people to sell our product out there without investing first. also my question is, because my product is not mainstream medicine and i have no certificates for my practice of reflexology,, would that hurt my business in terms of funding from other sources???? thank you for the vids and knowledge.. honestly top man for sharing. shayna maats
YOU ARE SO SPOT ON !!!!! YOU HAVE MY VOTE FOR THIS VIDEO AND TRUST ME ITS A VOTE THATS WORTHY !!!!! I AM A BLACK BELT VETERAN IN BUSINESS !!!! TRUST ME PEOPLE THIS GUY IS GOOD !!!!! SERIOUSLY !!!!!
Thanks for the vote Susan. :) Awesome to know you like the video. Thank you very much for the love and support. Much love. #BelieveNation #BTA343 Shine
YOU KICK ASS !!!!! I AM A BUSINESS GENIUS AND I KNOW WHEN I SEE A MASTER IN BUSINESS !!!!! MY BUSINESSES ARE BUILT 100% ON 100% DEBT FREE DAVE RAMSEY THINKING !!!!!! THATS WHY I HAVE NEVER EVER FAILED !!!!! CHECK OUT DAVE RAMSEY !!!!!!`
PERHAPS IT'S TRUE THAT YOU HAVE NEVER EVER FAILED!!!!! BUT HAVE YOU NEVER EVER EVER FAILED?????!!!!!
Awesome to know that Suan. :) More power to you! #BTA483 Shine
Evan Carmichael Could you do a video on different types of businesses, one can start with little to no money, capital, experience etc. Could you also make a video with Good suggestions for a new type business to start. Perhaps, matching personality traits with the best choice of business. I hope you can understand my delima and request. I'm a person that wants to start a business but don't know the best business to start as #1)I'm one that needs to find fulfillment in my work. #2) I also value having time to spend with my family.#3) Enough money to work ONLY in my business with no extra job needed to supplement.
I know that owning a business is hard work, often times more difficult than working on a job but are there any (easy to manage and maintain type businesses) that offer the 3 aforementioned desires I have. Please advise.
Guys help me! how do you find like minded people that will be working with you? Most people in my life are small dreamers, and hard working but pessimist people. and Therefore I try to not to spend time with any of them so I don't end up like them. I honestly have NO IDEA how to make this work. If anyone been through this, please share your experience with me.
awesomeness where do you stay? If you are New Zealand , get in touch
Rohan I'm in Canada
It took me 6 mos. to start making money. Most of that time was spent learning. I knew very little about online sales and marketing. That was over 3 years ago. I haven't made that much but enough to keep my bills paid and not have to get a job.
I use the app meet up. Make a group and ppl will sign up and bam! You will meet ppl who are interested. Hope this helps good luck man!
When I started out nearly two decades ago, no one in my social circle was business oriented either. I hanged out at online forums (related to business/marketing..etc. very informative forums), where I got to communicate and build friendships with other _new_ people, who shared the same business/action-oriented mindset. There were newbies, intermediates and experts. We shared and received tips/advises among each other. Case-studies and all...etc. Nowadays, the internet has evolved a lot and it's much easier to reach similar like-minded people man.
Yes, I have to agree with you. Be passionate about your business and be an impact.
Exactly! Follow your passion and create an impact with a business you love doing! Much love, Marley. :) #Believe #BTA686 Luka
Don't need money, need your hustle!! Couldn't agree more. Motivation to my ears! All great advice!
Thank you for watching and thanks for the comment! :) #BelieveNation #BTA754 Luka
I'm starting my own business too
Thanks for sharing :) #BTA930 Luka
same
How was your business after 2 years?
"never start a business to make money"
thats terrible advice bro..
Money has it's value but if that's the only reason you are starting a business, there's a high probability you will not keep going when the going gets tough. All the best! #BTA263 Shine
***** yea i guess
Disabler to get the chance of getting the best thing about this one has ever seen the movie
Disabler You interpreted it wrong. Look at it again..
Dude I am going through the process of starting a business right now. Evan is 100% correct on this. If you are serious about starting a REAL business and not simply be self employed (two totally different things) it takes an ungodly amount of time and energy and you will not see any real money for the first few years on average. While money is obviously important its not everything. People start businesses to be to be free and for passion not just to make quick cash. If money is your sole motivator you are much better off just working under someone else and I am speaking as someone who has both worked within the corporate and entrepreneurial markets. Being an entrepreneur has to be something you MUST do not simply want to or you will definitely fail. If you just want money go search for something on indeed.com. However if you feel deep within your soul what we do then Welcome to the club. Whatever you decide I wish you the best of luck
"Don't pick the wrong business." Powerful! Starting a business should be motivated by passion for service rather than money. Money is important but service should always come first.
I couldn't agree more with you. :) Thank you for sharing and thanks for watching! #BelieveNation #BTA708 Luka
He's so right!!! I have my Home Business and back in 2012 I wanted to just go after the money, but last year I realized how much more the company I'm partnered with has to offer I started looking at people's needs. I started enrolling people like crazy. I've even started dedicating my time making sure that my team is moving towards their individual goals. I love this. But this whole video was awesome!!!
Glad you loved it Dwanna. :) Yes, it's about doing what you love and passionate about and providing value. All the best! Always #Believe in yourself. #BTA521 Shine
Evan Carmichael Your whole video was greatly appreciated. :)
Much love. :) #BTA522 Shine
"you do not need money to make money"
yeah, right
Thanks for watching. All the best! #BTA320 Shine
not true, you can be passionate about making money and being fully focused on what it takes to achieve that.
You think so Marija? #Believe :) #BTA1587 Veljko
Probably the first video about business tips and what not that made me literally nod. This was so helpful. Thanks heaps!
Glad that the video was helpful! Thank you for watching. :) #BelieveNation #BTA443 Luka
Hey Evan your advice really keeps me moving , thanks for everything.
Happy to hear that Samuel, glad that it helped you. Much love 💛😊 #Believe - Mark
Tbh everybody should know this without seeing a video. I have a feeling that the competition with other entrepreneurs is easy. Especially seeing how most people are so unintelligent and others are pseudo intellectuals.
Thanks for sharing your thoughts and for watching. #BTA251 Shine
LOL, exactly! once you get started you start to look around at competitors and realize you might be way ahead of the game just with common sense and research on your own
i want to partner with a small up and coming company how do i get in contact with them?
Wileek Tasime contact me
Wileek Tasime Sticky fingers !
I'm in the process of starting a social media marketing business and your videos are super uplifting and full of applicable information. Thank you for being legit.
All the best to you on your social media marketing business Lena! :) Glad that the videos are providing value to you. Always #Believe in yourself. #BTA403 Shine
More than 3 years later, this video is still so relevant! Perhaps even more relevant as people see the dangers of relying solely on an employer. I love the don't-hold-yourself-back-because-you-haven't-made-the-perfect-plan part 'cos that's something I need to work on. To have someone being so upfront and clear about it is very motivating. Thank you!
Thanks for the love! #Believe :) #BTA1056 Luka
These are the business tips I needed in my life! 💫 Keep rising to be who you want to be! 💫 #keeprising #risingtobe #aswerise #riser
Glad that it helped Rising To Be. Good luck. Keep going. #Believe 💪💪😊 - Dondon
@@EvanCarmichael Your welcome, keep making great videos just like this, please consider checking out my content. 🌟Keep rising to be who you want to be🌟
This is me right now, Evan. Started my own marketing company one month ago. Have 5 businesses I am working with. Stressed as hell. Could be doing better financially. But "I will find a way." -Johnny Cash
Yes...you'll find a way for sure Jon. All the best to you! Always #Believe. :) #BTA450 Shine
Words of Wisdom, 5 years into the entrepreneurial world myself... 6:00 Value-match with a business partner is more important than strategy agreement, same goals, etc. 8:08 very inspiring
Glad you're feeling inspired Jordan! #Believe :) #BTA1531 Veljko
I love that you really believe in your viewers.
Thank you for sharing with us! Much love. :) #BelieveNation #BTA582 Luka
ok i understand now because when you said that is much easier to scale a product than a service and that it was a fact. I thought that they were a correlation between product and scaling and attraction, but now that you said it depend on the goal, you have distinguished the causation of the correlation which mean that it can also be much more easier to scale a service than a product. Pretty tough it take a big wisdom to distinguish causation and correlation. Great advice
+Alpha Diallo Definitely gives us food for thought and makes us think and analyze. Helps us clarify our purpose, our plans and our strategies. Thanks for posting and sharing your thoughts! #BTA102 GT :)
Yes Sir this guy is absolutely correct please listen to this guy...I have a successful Electrical contractor business and i did everything this guy said without even seeing this video when i started, you got to hustle! Great Video
Awesome to know that brennonba. :) More power to you and your business! #BTA307 Shine
Most imports key for success is failure, I extendedly agree with your points, people just have to get up after every fall, don't give up, after all it's the failures that will create the success.
Thanks for watching and for the comment onerecap. :) #BelieveNation #BTA389 Shine
Okay so, to summarize that up :
1) Picking the wrong business --> Be genuine and be passionate about your business rather than focusing on earn money because sometimes focusing on earning money too much will lead to a failed business and your vision for your business might become blurred.
2) Making a "Perfect" plan --> Focus on feedback from other customers as that is another way to grow your business other than relying too much on the "perfect" plan for your business
3) Spending money --> Be your own business advertisement rather than spending a lot of your money on ad commercials, business cards, or billboards as you'd have to concern with its costs.
4) Doing it alone --> Sometimes having others to volunteer to help you will lessen the costs of hiring workers
5) Being in a wrong partnership --> Co-operation and evaluation of skills is key in a business partnership
6) Operating in a bubble --> Think outside the box, and learn from other entrepreneurs than focusing on what you've learned. It's best to ingratiate what other entrepreneurs have learned on your own business.
7) Start a product --> Sometimes starting in a service-based business will help you understand what kind of age-group you're going for and the type of desire that people would want from your product you're planning to sell.
Thanks for the summarization #Believe :) #BTA1637 Veljko
I can give an Amen to #5. Another factor is that Life happens. Times change. Personally, I never suggest a partnership of any kind. But instead, recommend time-bound win-win agreements. That way if life happens and a partner needs to move, take care of personal situation, etc., no hard feelings. No need to deal with shares, etc. The agreement could be annual so at max, you are stuck with someone for a single year versus indefinitely. If everything works out, then the win-win profit arrangement makes everyone happy.
Thank you for sharing your thoughts and for watching. 😊 #Believe - Feb
May God bless you and Keep you for doing this great job. Never bother about negative comments and feed backs as you are doing a great job. Wish you a great success.
+Manisha Narula Thank you. #BTA57 Nina
Work in a retail business for 25years.i quit my job last year November to start my own small business at our Small village, was always my dream to help my community with that, cause they have to travel to bigger towns to go and to shoppings, So these information will really help me.Thank you very much.
Glad that it helped Petra. Good luck. 💛😊 #Believe - Dondon
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
Most of the time, our ultimate goal is to end up being happy. Your choices. Your success.
Love that. 💛 #Believe - Feb
Evan, what if someone said to you : " I don't know which business is right for me nor knowing my passion, so I have decided to try this business for a while until I see myself success". Would you tell him to don't start until finding your passion just to pick the right product or keep on trying?
+HL Lee I'd say explore. Don't spend money on a business - invest your hustle, your time, your energy... find something that makes you come alive - focus on that. #BTA86
3. RIGHT. Business is build on ideas which do not require money, but which generate money at minimum resources
Very genuine, emphatic guy. Motivating. Thank you.
Glad you're feeling motivated! Thanks for watching! 💛😊 #Believe - Dondon
I'm starting a business with my sister, we make hand-painted totebags 😊 thank you for this video!
You're welcome Rantyyy. Rooting for you. 💛😊 #Believe - Dondon
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
I've been doing HVAC for 4 years, I know plumbing and carpentry, I work along side a friend who does other trades, always done smaller sides jobs here and there, landed a big job that I figured would be the start of my business general construction, remodeling, HVAC, appliance repair, a joint operation here I am working as i go and looking through the internet
Keep it up #Believe :) #BTA1517 Veljko
There's no such thing as the "perfect plan" because #1 - you might realize how risky starting your own business is and stop, #2 - your plans never pan out because "life" happens and you'll have to adapt. And I think that's key...start with your minimum viable product, put it out into the market and see how the market reacts and then iterate, pivot...just keep going from there! Great video!
Thanks for sharing :) #BTA804 Luka
interesting video. # 7 not starting a business with a product shocked me because I believed investing in a small portion to make a product, then try sell the first 20 items & that'll give you an idea on how strong your need of your product is. A product is a small doorway so you dont ruin your reputation when dealing with "customers". I feel you would have more leeway with a product.
I would like to stick to it depends on the type of product you manage that will determine your success. I plan to open a business in the near future, I'm taking my time right now due to financial barriers. My buddy Glenn does a service. it makes us money now. I feel bad im skilless right now;
Thank you for sharing with us, Xavier. Good luck with your future business :) #Believe #BTA1153 Luka
omg.... I just going back to indonesia tomorrow Evan. and I back there to start up my business. I'm like a lil bit... "Ok... I'm going to kicking it " fiuuhhh. thank you so much for your advice.
Glad you liked it emayadi. All the best to your business. :) Thank you for watching! #BTA168 Shine
Good list! I like the ideas of not spending money until you've made money. A lot of business owners get off on the wrong foot because they invest in capital without figuring out what it's for first. Working on the business from the bottom...starting from the bottom rung, so to speak... is the best way to climb the ladder to the top.
+Evan Hutcheson, CPA, LLC Yeah, well said. :) Thanks for watching. #BTA83 Ivan
Yep I agree. Learning this the hard way.
Love your videos Evan. Your honesty, integrity and energy literally jump right through the screen. As a new entrepreneur(life coach) myself, I'm finding your channel to be extremely helpful and valuable. I just want to thank you from the bottom of my heart for what you do. Thank you so much. -Wasi Saleem
+Wasi Saleem Thank you thank you :). #BTA44 Nina
The only way to succeed is to believe in your self!!! You will fail but learn from it....don't give up!!!
Never give up! Always #Believe in yourself :) #BTA990 Luka
practical tip: regards "start a product": we all know that the more you buy the cheaper it is, it is very tempting to buy more for that reason to increase profit, but for your test run order less, sell out of the product (even with little to no profit) so that you have proof of concept and then order more... its ok not to make money on the first run as long as your minimizing risk!
Thanks for sharing your thoughts and for watching. :) #BTA314 Shine
Im 18... im entering college but i want to start a business. I get scared since i have no idea how to plan it all out. But your advice number 2 assured me
:) #BTA1309 Luka
sooooo along come tip #3, and as i'm casually listening, all I hear is so many are great at spending money but not many are good at making money. You don't need biz cards, you don't need a car, you don't need this or that. and here i am like yo i just bought business cards lol Before I could justify my purchase Evan says, "you don't need anything, you need you and your hustle..." that's really what i need to hear.
Thanks
+Aaron Torrence Thanks for watching Aaron, glad you found that tip useful. :) #BTA86 Ivan
Spot on with 2nd point about the 'perfect' business plan. I realised this was my problem.
Trying to write a foolproof plan is a delusion. It's worse than swotting for an exam.
Get stared by talking to as many potential customers as you can, and ask them to talk to others - get your name out. You'll soon find out what they want, and the business plan will follow.
Thank you very much for sharing your thoughts John. Yes, what is important is taking action. :) #BTA483 Shine
We are a relatively new business, so we learned on our mistakes. Very good guide, well done!
Keep it going! :) #BTA1175 Luka
Top comment is BS> I have started and failed a few businesses and can say this advice is spot on. A+ just what I needed to hear
im 15 when i decided to drop out in school and start my own business..
now im 17 and im making about 500k a month.
all you need to do is to "START"
-THE HUNGRIER YOU ARE THE MORE YOU WIN...
Awesome to hear, keep it going! :) #BTA1358 Veljko
@@EvanCarmichael thanks
Very practical tips but I think in this generation websites and social media marketing can have a great impact on your business. Start small and grow it, spend only what you can pay back.
Thank you for sharing with us William :) #BTA1023 Luka
Absolutely amazing tips... Thank you Evan... The best part was The Partnership - Marriage 👍
Glad you enjoyed it :) #BTA918 Luka
Boy I am on fire with these vids. I am writing a book yessir.
+lawrence martin Thanks for sharing. #BTA50 Ivan
Thanks for these insights! After working for McKinsey for 6 years, I indeed agree there are things that businesses should avoid doing. Just started my RUclips channel „Firm Learning“ to share these experiences!
Thanks for watching #Believe :) #BTA1479 Veljko
Hi Evan, thanks a lot from Pakistan, this video taught me and made me rethink about starting my business.
Glad it's helpful to you :) #Believe #BTA992 Luka
I totally agree with the fact that the best way is to start is by offering a service. It generally takes a low investment, and offers the oportunity to learn with mistakes and growing up with the business money. If you initially throw a lot of money on the line, you can end up with a lifetime of debt and living on your parents house (I know a lot of cases)
Thanks for sharing. :) #BTA239 Monzur
Wow! This is exactly what I needed to hear. Thanks Evan for your tips and motivation.
I will use this information wisely in a couple of years when I graduate high school. This information will guide me.
Go for it! #Believe :) #BTA1649 Veljko
I am thinking We are not making those mistakes and starting the business , I will get back to you when I think I get success in my business
:) #BTA930 Luka
Have you guys noticed that :
eating out is very difficult and expensive.
in an area, typically,
you might find an outlet selling pizza,
you might sometimes find a restaurant in which meals are quite expensive,
and that's it.
Here you barely have : very few foods, and they are expensive
You can eat almost nothing,
Do you guys see ?
This model is very inefficient
Eating out is nearly impossible
Something is definitely missing
it is : a restaurant where food keeps changing, food changes every day
Chefs also rotate
A meal is going to be cheap
You get new foods every day. After a period of time : you will have eaten thousands of foods
Do you see the difference now ?
This model is way better
Eating out will finally become possible.
Thank you for sharing your thoughts and for watching. 💛😊 #Believe - Dondon
Thank you so much, I needed to hear this. I just officially opened my business after a soft opening last year. My biggest fear was I can't handle it all myself but you're right I can't do it all by myself and stretching my comfort zone. And yes I have a product company, it's a headache. But I believe I just need to find my clients
Glad it helped you Thia. Good luck. Rooting for you. #Believe 💪💪😊 - Dondon
well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services
Spot on advice! I'm an entrepreneur and I went through most of these too. Learned my lessons and doing much better now. Thanks so much for posting!
+Rob Jones Thank you :). #BTA60 Nina
Some very important things to keep in mind while setting up or running a small business.
Thanks for sharing your thoughts and for watching Maureen. :) #BTA228 Shine
Great video, I am starting a business in a month or so. I have an "advantage" of planning time since I am only 17 (Turning 18 next month, which is age of majority where I live.) I have been planning it for a couple of months but I cant even start until I am 18. Lots of time to figure things out.
Woot! :) #BTA880 Luka