00:00:11another edition of ask Evan in today’s
00:00:13video I’m going to answer question from
00:00:15a teacher who’s a reader of mine named
00:00:16Jean Pierre who wrote in asking about a
00:00:19squashing that one of a jumpier students
00:00:21hi so the question is I want to know
00:00:23what are the characteristics of the
00:00:25startup phase of a small business Thanks
00:00:27your time jump here so jump hear the
00:00:29startup phase of a new business is
00:00:32really all about survival it’s making
00:00:34enough money to be able to support
00:00:36yourself and get by and not have to go
00:00:39get a job and that’s really the biggest
00:00:41challenge that most entrepreneurs have
00:00:43when they’re starting the business is
00:00:44getting it to the point where they can
00:00:46sustain themselves so you’re looking for
00:00:48opportunities trying to build around
00:00:49different challenges that you might be
00:00:51able to solve and that’s really the
00:00:53biggest challenge that most
00:00:54entrepreneurs face the business model
00:00:57that you come up with is really going to
00:00:59be the business model that you end up
00:01:01with so change is going to have to be
00:01:02made and that’s a huge challenge for
00:01:05most startup entrepreneurs is working on
00:01:07that business model until you hit one
00:01:09that works that is going to generate a
00:01:11lot of money and help you grow your
00:01:13business my best advice if you’re in
00:01:15that phase if you’re thinking of certain
00:01:16business oh you’ve just started go out
00:01:18and talk to customers the best feedback
00:01:21you can get is from customers who have a
00:01:23challenge and you can help them solve it
00:01:25and they’re willing to pay you to solve
00:01:27that challenge so if you haven’t started
00:01:30your business just go out and start
00:01:31talking to customers find out what the
00:01:33problems are find out how you might be
00:01:34able to help them and see if they’d be
00:01:36willing to pay you to help them that’s a
00:01:38winning customer if you can build your
00:01:40business around these types of customers
00:01:41then you have money coming into the
00:01:43company you’re not struggling to figure
00:01:45out is this idea going to work or not
00:01:47because you have those paying customers
00:01:48and you’re much more likely to be
00:01:50successful so I hope that helps you up
00:01:52here if you guys liked the video please
00:01:55give it a thumbs up below I’d also love
00:01:57to hear your thoughts and feedback if
00:01:58you want to leave a comment under the
00:01:59video and stay tuned to next episode
00:02:12you
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