hi I’m Evan Carmichael welcome to another edition of ask Evan today I’m
another edition of ask Evan today I’m
another edition of ask Evan today I’m going to answer a question from one of
going to answer a question from one of
going to answer a question from one of my Facebook viewers Jasmine who wrote in
my Facebook viewers Jasmine who wrote in
my Facebook viewers Jasmine who wrote in a really really long message it’s almost
a really really long message it’s almost
a really really long message it’s almost a page here a message I won’t read the
a page here a message I won’t read the
a page here a message I won’t read the whole thing but the crux of it is I know
whole thing but the crux of it is I know
whole thing but the crux of it is I know in my heart in mind that it takes money
in my heart in mind that it takes money
in my heart in mind that it takes money to make money how do you make money if
to make money how do you make money if
to make money how do you make money if you don’t have the finance system to
you don’t have the finance system to
you don’t have the finance system to back it up and that’s the key thing I
back it up and that’s the key thing I
back it up and that’s the key thing I wanted to address today I want to get
wanted to address today I want to get
wanted to address today I want to get that notion out of your head it doesn’t
that notion out of your head it doesn’t
that notion out of your head it doesn’t take money to make money it’s not about
take money to make money it’s not about
take money to make money it’s not about how many resources you have it’s about
how many resources you have it’s about
how many resources you have it’s about how resourceful you can be so if you
how resourceful you can be so if you
how resourceful you can be so if you look at all the the famous successful
look at all the the famous successful
look at all the the famous successful entrepreneurs especially in the past a
entrepreneurs especially in the past a
entrepreneurs especially in the past a lot of them didn’t come from wealthy
lot of them didn’t come from wealthy
lot of them didn’t come from wealthy backgrounds all of them didn’t have huge
backgrounds all of them didn’t have huge
backgrounds all of them didn’t have huge investors the bootstrap their way up you
investors the bootstrap their way up you
investors the bootstrap their way up you know they make the tough decisions and
know they make the tough decisions and
know they make the tough decisions and did not go out and spend a lot of money
did not go out and spend a lot of money
did not go out and spend a lot of money and the key here is not spending until
and the key here is not spending until
and the key here is not spending until you’re making money anybody can spend
you’re making money anybody can spend
you’re making money anybody can spend money right if I give you a hundred
money right if I give you a hundred
money right if I give you a hundred thousand dollars you can go out and
thousand dollars you can go out and
thousand dollars you can go out and spend it but how can you go out and make
spend it but how can you go out and make
spend it but how can you go out and make that hundred thousand dollars for your
that hundred thousand dollars for your
that hundred thousand dollars for your business that’s the key and you don’t
business that’s the key and you don’t
business that’s the key and you don’t want to start spending a lot of money
want to start spending a lot of money
want to start spending a lot of money until you know you can make some money
until you know you can make some money
until you know you can make some money back so forever business you’re starting
back so forever business you’re starting
back so forever business you’re starting try to figure out a way to get it
try to figure out a way to get it
try to figure out a way to get it started with just your time get close to
started with just your time get close to
started with just your time get close to your customers talk to them about
your customers talk to them about
your customers talk to them about potential problems they’re having and
potential problems they’re having and
potential problems they’re having and try to start with a service because the
try to start with a service because the
try to start with a service because the service doesn’t cost you anything except
service doesn’t cost you anything except
service doesn’t cost you anything except your time to get gone you don’t need
your time to get gone you don’t need
your time to get gone you don’t need expensive business cards you don’t need
expensive business cards you don’t need
expensive business cards you don’t need an office you don’t need a website even
an office you don’t need a website even
an office you don’t need a website even to get started you can just get started
to get started you can just get started
to get started you can just get started and if you see that you’re getting
and if you see that you’re getting
and if you see that you’re getting progress on it then you can start
progress on it then you can start
progress on it then you can start investing a little bit of the money that
investing a little bit of the money that
investing a little bit of the money that comes in even if it’s a little bit you
comes in even if it’s a little bit you
comes in even if it’s a little bit you invest a tiny bit of money back into the
invest a tiny bit of money back into the
invest a tiny bit of money back into the project that you’re starting with i put
project that you’re starting with i put
project that you’re starting with i put the example like uses these videos so
the example like uses these videos so
the example like uses these videos so when i first started i wanted to do it
when i first started i wanted to do it
when i first started i wanted to do it because I was passionate about it or
because I was passionate about it or
because I was passionate about it or they decided I liked helping
they decided I liked helping
they decided I liked helping entrepreneurs people are asking
entrepreneurs people are asking
entrepreneurs people are asking questions and I want to be able to
questions and I want to be able to
questions and I want to be able to respond in a way that could help them
respond in a way that could help them
respond in a way that could help them but also help other people who are
but also help other people who are
but also help other people who are facing the same problem but I didn’t
facing the same problem but I didn’t
facing the same problem but I didn’t want to go out and spend a lot of money
want to go out and spend a lot of money
want to go out and spend a lot of money on equipment and you know
on equipment and you know
on equipment and you know camera and everything to get everything
camera and everything to get everything
camera and everything to get everything started it’s not that I couldn’t do it I
started it’s not that I couldn’t do it I
started it’s not that I couldn’t do it I just didn’t want to because for any new
just didn’t want to because for any new
just didn’t want to because for any new project that we’re doing we always have
project that we’re doing we always have
project that we’re doing we always have to find a way to make it profitable
to find a way to make it profitable
to find a way to make it profitable before we start investing a lot of money
before we start investing a lot of money
before we start investing a lot of money into it and it could have bought the
into it and it could have bought the
into it and it could have bought the best camera the best gear done two
best camera the best gear done two
best camera the best gear done two videos hated it and then you know I have
videos hated it and then you know I have
videos hated it and then you know I have wasted all this money on it and that
wasted all this money on it and that
wasted all this money on it and that that happens in a lot of startups you
that happens in a lot of startups you
that happens in a lot of startups you have an idea one week in another idea
have an idea one week in another idea
have an idea one week in another idea another week another idea another week
another week another idea another week
another week another idea another week and you can spend so much money by an
and you can spend so much money by an
and you can spend so much money by an inventory buying equipment and products
inventory buying equipment and products
inventory buying equipment and products whatever it is and nothing ever ends up
whatever it is and nothing ever ends up
whatever it is and nothing ever ends up taking off so when you’re doing that
taking off so when you’re doing that
taking off so when you’re doing that discovery process you want to invest
discovery process you want to invest
discovery process you want to invest your time to make sure there’s an
your time to make sure there’s an
your time to make sure there’s an opportunity but not spend a lot of money
opportunity but not spend a lot of money
opportunity but not spend a lot of money doing it so for me you can go back to my
doing it so for me you can go back to my
doing it so for me you can go back to my youtube channel you can look at a whole
youtube channel you can look at a whole
youtube channel you can look at a whole bunch of really bad videos you know that
bunch of really bad videos you know that
bunch of really bad videos you know that the quality of the content was pretty
the quality of the content was pretty
the quality of the content was pretty good but the lighting was bad the camera
good but the lighting was bad the camera
good but the lighting was bad the camera was bad the sound was bad I didn’t have
was bad the sound was bad I didn’t have
was bad the sound was bad I didn’t have a microphone and then as I figured out a
a microphone and then as I figured out a
a microphone and then as I figured out a way to get them sponsored and get some
way to get them sponsored and get some
way to get them sponsored and get some monetization then I could invest more
monetization then I could invest more
monetization then I could invest more into the video so it can get a better
into the video so it can get a better
into the video so it can get a better camera and get lighting and get us
camera and get lighting and get us
camera and get lighting and get us stained and get you know microphone and
stained and get you know microphone and
stained and get you know microphone and all the things that you need to be able
all the things that you need to be able
all the things that you need to be able to make the quality a little bit better
to make the quality a little bit better
to make the quality a little bit better but those old videos they still get some
but those old videos they still get some
but those old videos they still get some good views anyways so I’m as much as I
good views anyways so I’m as much as I
good views anyways so I’m as much as I may look back at them and shudder at how
may look back at them and shudder at how
may look back at them and shudder at how bad they look there was still some good
bad they look there was still some good
bad they look there was still some good value and people enjoy them so for you
value and people enjoy them so for you
value and people enjoy them so for you you got to just get started with the
you got to just get started with the
you got to just get started with the service start something really small get
service start something really small get
service start something really small get close to your customers try to figure
close to your customers try to figure
close to your customers try to figure out a way you can help them build
out a way you can help them build
out a way you can help them build something around what you’re really
something around what you’re really
something around what you’re really passionate about you feel you can add a
passionate about you feel you can add a
passionate about you feel you can add a lot of value to people’s lives and help
lot of value to people’s lives and help
lot of value to people’s lives and help them solve an important problem in their
them solve an important problem in their
them solve an important problem in their lives and then from there you know
lives and then from there you know
lives and then from there you know investing money back into your business
investing money back into your business
investing money back into your business continue to grow and bootstrap your way
continue to grow and bootstrap your way
continue to grow and bootstrap your way up if you find that you’re able to make
up if you find that you’re able to make
up if you find that you’re able to make a little bit of money off of you know so
a little bit of money off of you know so
a little bit of money off of you know so just a time that you have then there may
just a time that you have then there may
just a time that you have then there may be an opportunity to go for investment
be an opportunity to go for investment
be an opportunity to go for investment to rapidly grow that’s part of your plan
to rapidly grow that’s part of your plan
to rapidly grow that’s part of your plan but you don’t need to like I’d really
but you don’t need to like I’d really
but you don’t need to like I’d really start the focus for any new entrepreneur
start the focus for any new entrepreneur
start the focus for any new entrepreneur is get to the survival point right you
is get to the survival point right you
is get to the survival point right you got to get to the point where you’re
got to get to the point where you’re
got to get to the point where you’re able to pay your bills put food on the
able to pay your bills put food on the
able to pay your bills put food on the table you may not be rich right you know
table you may not be rich right you know
table you may not be rich right you know you’re not rolling in it yet you know
you’re not rolling in it yet you know
you’re not rolling in it yet you know how to buying out you know the new car
how to buying out you know the new car
how to buying out you know the new car the new house yet but you got to get to
the new house yet but you got to get to
the new house yet but you got to get to the point where you don’t have to go get
the point where you don’t have to go get
the point where you don’t have to go get a job right you’re you’re enjoying what
a job right you’re you’re enjoying what
a job right you’re you’re enjoying what you’re doing and you’re able to earn
you’re doing and you’re able to earn
you’re doing and you’re able to earn enough money to pay for your you know
enough money to pay for your you know
enough money to pay for your you know living expenses that’s step one that’s
living expenses that’s step one that’s
living expenses that’s step one that’s what you got to get to before you risk
what you got to get to before you risk
what you got to get to before you risk going out and trying to grow too quickly
going out and trying to grow too quickly
going out and trying to grow too quickly and invest a whole lot of money into it
and invest a whole lot of money into it
and invest a whole lot of money into it once you get past the vagal point if you
once you get past the vagal point if you
once you get past the vagal point if you see them a way to grow you can keep
see them a way to grow you can keep
see them a way to grow you can keep doing what you’re doing there may be
doing what you’re doing there may be
doing what you’re doing there may be ways to ramp it up and get some
ways to ramp it up and get some
ways to ramp it up and get some investment and continue to grow but I
investment and continue to grow but I
investment and continue to grow but I first try to get to that survival point
first try to get to that survival point
first try to get to that survival point and try not to spend any money till
and try not to spend any money till
and try not to spend any money till you’re making money and do it through
you’re making money and do it through
you’re making money and do it through providing a service remember the the
providing a service remember the the
providing a service remember the the value that you provide is going to
value that you provide is going to
value that you provide is going to determine how much money you make if you
determine how much money you make if you
determine how much money you make if you want to make a lot of money you got to
want to make a lot of money you got to
want to make a lot of money you got to provide a lot of value to your customers
provide a lot of value to your customers
provide a lot of value to your customers and the reward you so hopefully that
and the reward you so hopefully that
and the reward you so hopefully that helps and answers your question if you
helps and answers your question if you
helps and answers your question if you guys watching like the video please give
guys watching like the video please give
guys watching like the video please give it a thumbs up below it makes me want to
it a thumbs up below it makes me want to
it a thumbs up below it makes me want to do more of these for you and if you have
do more of these for you and if you have
do more of these for you and if you have a question about you know making money
a question about you know making money
a question about you know making money your resources or anything else about
your resources or anything else about
your resources or anything else about your business feel free to leave it in
your business feel free to leave it in
your business feel free to leave it in comments below I always read them and I
comments below I always read them and I
comments below I always read them and I almost always reply so thank you and
almost always reply so thank you and
almost always reply so thank you and you’ll see you on the next episode
”
Be First to Comment