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How to find a good business idea – Ask Evan


hi I’m Evan Carmichael welcome to

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 Telus talks business

from one of my Telus talks business

from one of my Telus talks business readers Tarzan who wrote in asking how

readers Tarzan who wrote in asking how

readers Tarzan who wrote in asking how can I find a good business opportunity

can I find a good business opportunity

can I find a good business opportunity to start so for then that’s a very kind

to start so for then that’s a very kind

to start so for then that’s a very kind of general question but a great one to

of general question but a great one to

of general question but a great one to kind of get the wheels working and

kind of get the wheels working and

kind of get the wheels working and thinking about ideas to start working on

thinking about ideas to start working on

thinking about ideas to start working on I think what you should start with is

I think what you should start with is

I think what you should start with is look at what you’re really passionate

look at what you’re really passionate

look at what you’re really passionate about what you really love doing think

about what you really love doing think

about what you really love doing think of your hobbies think of what you’re

of your hobbies think of what you’re

of your hobbies think of what you’re really skilled at and where you might be

really skilled at and where you might be

really skilled at and where you might be able to add a lot of value for people so

able to add a lot of value for people so

able to add a lot of value for people so if you can cross over and what you’re

if you can cross over and what you’re

if you can cross over and what you’re really good at and what you are

really good at and what you are

really good at and what you are passionate about and then where you can

passionate about and then where you can

passionate about and then where you can add a lot of value to people that’s a

add a lot of value to people that’s a

add a lot of value to people that’s a big opportunity to be able to make money

big opportunity to be able to make money

big opportunity to be able to make money once you’ve kind of figured out a couple

once you’ve kind of figured out a couple

once you’ve kind of figured out a couple ideas go start talking to customers see

ideas go start talking to customers see

ideas go start talking to customers see what their problems are see what

what their problems are see what

what their problems are see what potential solutions you can offer them

potential solutions you can offer them

potential solutions you can offer them and think about ways that you can

and think about ways that you can

and think about ways that you can actually start making money from the

actually start making money from the

actually start making money from the asset they would be willing to buy XYZ

asset they would be willing to buy XYZ

asset they would be willing to buy XYZ from you to be able to help them solve

from you to be able to help them solve

from you to be able to help them solve that problem I always try to find

that problem I always try to find

that problem I always try to find business customers if I can at the start

business customers if I can at the start

business customers if I can at the start because if you can show that you’re an

because if you can show that you’re an

because if you can show that you’re an indispensable part of their business

indispensable part of their business

indispensable part of their business they’re going to hire you back for

they’re going to hire you back for

they’re going to hire you back for bigger projects and repeat projects so

bigger projects and repeat projects so

bigger projects and repeat projects so you have steady cash flow coming in and

you have steady cash flow coming in and

you have steady cash flow coming in and pretty significant cash flow hopefully

pretty significant cash flow hopefully

pretty significant cash flow hopefully to help you grow that business where

to help you grow that business where

to help you grow that business where consumer products or services are a lot

consumer products or services are a lot

consumer products or services are a lot more difficult to to make money you have

more difficult to to make money you have

more difficult to to make money you have to sell a lot of them to be able to

to sell a lot of them to be able to

to sell a lot of them to be able to start turning a profit so depending on

start turning a profit so depending on

start turning a profit so depending on the product or service hopefully you can

the product or service hopefully you can

the product or service hopefully you can you can do that and then I always

you can do that and then I always

you can do that and then I always encourage startups to keep your costs

encourage startups to keep your costs

encourage startups to keep your costs low now don’t go out spending a ton of

low now don’t go out spending a ton of

low now don’t go out spending a ton of money you don’t need a lot of money to

money you don’t need a lot of money to

money you don’t need a lot of money to get your business off the ground it’s

get your business off the ground it’s

get your business off the ground it’s not about resources is about

not about resources is about

not about resources is about resourcefulness and if you can start a

resourcefulness and if you can start a

resourcefulness and if you can start a service-based business so go start

service-based business so go start

service-based business so go start talking to customers learn about their

talking to customers learn about their

talking to customers learn about their problems invest your time and energy

problems invest your time and energy

problems invest your time and energy into making them super happy and solving

into making them super happy and solving

into making them super happy and solving their needs and then if you decide later

their needs and then if you decide later

their needs and then if you decide later on that a product based business is for

on that a product based business is for

on that a product based business is for you you have some cash flow coming in

you you have some cash flow coming in

you you have some cash flow coming in you know you can support yourself and

you know you can support yourself and

you know you can support yourself and you know the specific problems of your

you know the specific problems of your

you know the specific problems of your customers and you can sell a product to

customers and you can sell a product to

customers and you can sell a product to them but certain our product business

them but certain our product business

them but certain our product business from the start can be really time

from the start can be really time

from the start can be really time intensive

intensive

intensive but all intensive and a lot harder to to

but all intensive and a lot harder to to

but all intensive and a lot harder to to make a success so I hope that helps if

make a success so I hope that helps if

make a success so I hope that helps if you liked the video please leave a

you liked the video please leave a

you liked the video please leave a comment below I’d love to hear what your

comment below I’d love to hear what your

comment below I’d love to hear what your thoughts are and if you did like it

thoughts are and if you did like it

thoughts are and if you did like it please leave a thumbs up to i always get

please leave a thumbs up to i always get

please leave a thumbs up to i always get happy when I see thumbs up on my videos

happy when I see thumbs up on my videos

happy when I see thumbs up on my videos so i hope i’ll hear from you soon and

so i hope i’ll hear from you soon and

so i hope i’ll hear from you soon and stay tuned for next episode

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