hi I’m Evan Carmichael welcome to another edition of ask Evan in today’s
another edition of ask Evan in today’s
another edition of ask Evan in today’s video I’m going to answer a question
video I’m going to answer a question
video I’m going to answer a question from one of my readers Judith who wrote
from one of my readers Judith who wrote
from one of my readers Judith who wrote in asking about how to start up a
in asking about how to start up a
in asking about how to start up a business without a lot of money so she
business without a lot of money so she
business without a lot of money so she wrote in saying dear I’m going to have a
wrote in saying dear I’m going to have a
wrote in saying dear I’m going to have a question for you is it possible for
question for you is it possible for
question for you is it possible for someone to start a business with very
someone to start a business with very
someone to start a business with very little capital or no capital at all and
little capital or no capital at all and
little capital or no capital at all and grow I’m looking at a cosmetic business
grow I’m looking at a cosmetic business
grow I’m looking at a cosmetic business I want to try this business but the
I want to try this business but the
I want to try this business but the challenging part here is it’s so
challenging part here is it’s so
challenging part here is it’s so competitive regards Judith so Judith it
competitive regards Judith so Judith it
competitive regards Judith so Judith it is absolutely possible to start a
is absolutely possible to start a
is absolutely possible to start a business no capital or almost no capital
business no capital or almost no capital
business no capital or almost no capital if you look at any famous entrepreneur
if you look at any famous entrepreneur
if you look at any famous entrepreneur almost they started with almost nothing
almost they started with almost nothing
almost they started with almost nothing if you look at any of the profiles on my
if you look at any of the profiles on my
if you look at any of the profiles on my web site of the famous entrepreneurs
web site of the famous entrepreneurs
web site of the famous entrepreneurs brand name people that you know they
brand name people that you know they
brand name people that you know they started with just an idea very little
started with just an idea very little
started with just an idea very little capital and we build up their business
capital and we build up their business
capital and we build up their business so don’t think you have to have big
so don’t think you have to have big
so don’t think you have to have big investors venture capital angel
investors venture capital angel
investors venture capital angel investors on board or a huge loan from
investors on board or a huge loan from
investors on board or a huge loan from the bank you’ll start your business most
the bank you’ll start your business most
the bank you’ll start your business most people start with nothing just hard work
people start with nothing just hard work
people start with nothing just hard work sweat equity grinding it out until they
sweat equity grinding it out until they
sweat equity grinding it out until they become successful so to make it happen a
become successful so to make it happen a
become successful so to make it happen a couple of ideas for you don’t start
couple of ideas for you don’t start
couple of ideas for you don’t start spending money until you’re making money
spending money until you’re making money
spending money until you’re making money so try to figure out ways to start your
so try to figure out ways to start your
so try to figure out ways to start your business on a smaller scale we still
business on a smaller scale we still
business on a smaller scale we still have may have a big vision for where you
have may have a big vision for where you
have may have a big vision for where you want to go but you start on a smaller
want to go but you start on a smaller
want to go but you start on a smaller scale without spending a lot of money so
scale without spending a lot of money so
scale without spending a lot of money so you can start part-time if you need to
you can start part-time if you need to
you can start part-time if you need to start a service-based type of business
start a service-based type of business
start a service-based type of business instead of having a product don’t invest
instead of having a product don’t invest
instead of having a product don’t invest in any major equipment that you don’t
in any major equipment that you don’t
in any major equipment that you don’t absolutely need start out of your home
absolutely need start out of your home
absolutely need start out of your home so if you’re doing a cosmetic business
so if you’re doing a cosmetic business
so if you’re doing a cosmetic business start something out of your home start
start something out of your home start
start something out of your home start something that a service base and start
something that a service base and start
something that a service base and start with something that you don’t have to
with something that you don’t have to
with something that you don’t have to invest a lot of money into and start
invest a lot of money into and start
invest a lot of money into and start getting known for excellent service and
getting known for excellent service and
getting known for excellent service and excellent quality on maybe one specific
excellent quality on maybe one specific
excellent quality on maybe one specific thing so you might not be able to
thing so you might not be able to
thing so you might not be able to compete with everything and you’re up
compete with everything and you’re up
compete with everything and you’re up against bigger more established players
against bigger more established players
against bigger more established players but try to find one thing that you could
but try to find one thing that you could
but try to find one thing that you could be known as the best act and really
be known as the best act and really
be known as the best act and really focus in on that provide amazing awesome
focus in on that provide amazing awesome
focus in on that provide amazing awesome service that people want to keep coming
service that people want to keep coming
service that people want to keep coming back for that
back for that
back for that other friends about and that’s a good
other friends about and that’s a good
other friends about and that’s a good way to start as you start building up a
way to start as you start building up a
way to start as you start building up a little bit of capital money is coming in
little bit of capital money is coming in
little bit of capital money is coming in then you can look at expanding your
then you can look at expanding your
then you can look at expanding your services potentially get in a retail
services potentially get in a retail
services potentially get in a retail space or an office space find more
space or an office space find more
space or an office space find more equipment and that’s how you can grow
equipment and that’s how you can grow
equipment and that’s how you can grow but you start by keeping things really
but you start by keeping things really
but you start by keeping things really low cost service space don’t invest a
low cost service space don’t invest a
low cost service space don’t invest a lot of money invest your time and energy
lot of money invest your time and energy
lot of money invest your time and energy into providing an amazing service
into providing an amazing service
into providing an amazing service getting that momentum and word-of-mouth
getting that momentum and word-of-mouth
getting that momentum and word-of-mouth marketing happening for your business
marketing happening for your business
marketing happening for your business and eventually be able to grow it up so
and eventually be able to grow it up so
and eventually be able to grow it up so I hope that helps if you guys like the
I hope that helps if you guys like the
I hope that helps if you guys like the video please give it a thumbs up below
video please give it a thumbs up below
video please give it a thumbs up below and I’ve also love to hear your feedback
and I’ve also love to hear your feedback
and I’ve also love to hear your feedback and suggestions if you want to comment
and suggestions if you want to comment
and suggestions if you want to comment under this video and stay tuned for the
under this video and stay tuned for the
under this video and stay tuned for the next episode
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