hi I’m Evan Carmichael and in today’s video I want to answer a question for
video I want to answer a question for
video I want to answer a question for one of my readers to shock who asks how
one of my readers to shock who asks how
one of my readers to shock who asks how can I start a business without a lot of
can I start a business without a lot of
can I start a business without a lot of capital it’s a great question and what I
capital it’s a great question and what I
capital it’s a great question and what I want to remind you of is it’s not so
want to remind you of is it’s not so
want to remind you of is it’s not so much about how many resources you have
much about how many resources you have
much about how many resources you have when you’re starting out it’s more about
when you’re starting out it’s more about
when you’re starting out it’s more about how resourceful you are that will
how resourceful you are that will
how resourceful you are that will determine how successful your company
determine how successful your company
determine how successful your company will be as you grow so if you don’t have
will be as you grow so if you don’t have
will be as you grow so if you don’t have a lot of money to start at the business
a lot of money to start at the business
a lot of money to start at the business that’s okay what I applies entrepreneurs
that’s okay what I applies entrepreneurs
that’s okay what I applies entrepreneurs to do is try to start a service-based
to do is try to start a service-based
to do is try to start a service-based business instead of a product based
business instead of a product based
business instead of a product based business that’s number one product based
business that’s number one product based
business that’s number one product based businesses are more expensive you have
businesses are more expensive you have
businesses are more expensive you have inventory there might be a manufacturing
inventory there might be a manufacturing
inventory there might be a manufacturing process you have to store your product
process you have to store your product
process you have to store your product somewhere there’s a lot more cost and if
somewhere there’s a lot more cost and if
somewhere there’s a lot more cost and if you don’t sell your product you’ve stuck
you don’t sell your product you’ve stuck
you don’t sell your product you’ve stuck with all this extra inventory that you
with all this extra inventory that you
with all this extra inventory that you can’t get rid of we’re a service-based
can’t get rid of we’re a service-based
can’t get rid of we’re a service-based business the only cost really is your
business the only cost really is your
business the only cost really is your time you may need some business cards
time you may need some business cards
time you may need some business cards meaning the website to help you get
meaning the website to help you get
meaning the website to help you get started but there’s not a lot of other
started but there’s not a lot of other
started but there’s not a lot of other costs that are associated with it it
costs that are associated with it it
costs that are associated with it it also allows you to get really close to
also allows you to get really close to
also allows you to get really close to your customers learn more about the
your customers learn more about the
your customers learn more about the problems that they’re facing and if you
problems that they’re facing and if you
problems that they’re facing and if you then decide to launch a new product
then decide to launch a new product
then decide to launch a new product afterwards you know the types of things
afterwards you know the types of things
afterwards you know the types of things that they’re really going to need so
that they’re really going to need so
that they’re really going to need so think about a service-based business and
think about a service-based business and
think about a service-based business and separate product based business to help
separate product based business to help
separate product based business to help you get started the second thing I want
you get started the second thing I want
you get started the second thing I want you to think about is you don’t
you to think about is you don’t
you to think about is you don’t necessarily have to start full time can
necessarily have to start full time can
necessarily have to start full time can you do your business part time to get
you do your business part time to get
you do your business part time to get you started so you have some momentum
you started so you have some momentum
you started so you have some momentum going and you ensure that you have some
going and you ensure that you have some
going and you ensure that you have some money coming in from another job that
money coming in from another job that
money coming in from another job that may be on a part-time basis so it’s
may be on a part-time basis so it’s
may be on a part-time basis so it’s great if you can launch fallout into
great if you can launch fallout into
great if you can launch fallout into your business but if you can’t afford
your business but if you can’t afford
your business but if you can’t afford that you can always turn the part-time
that you can always turn the part-time
that you can always turn the part-time basis it’s more important that you make
basis it’s more important that you make
basis it’s more important that you make steps every day to build your business
steps every day to build your business
steps every day to build your business even if it’s on a part-time basis then
even if it’s on a part-time basis then
even if it’s on a part-time basis then to advise tons of energy for three
to advise tons of energy for three
to advise tons of energy for three months and doesn’t take off and then you
months and doesn’t take off and then you
months and doesn’t take off and then you shut down the business so if you have to
shut down the business so if you have to
shut down the business so if you have to start hard time that’s okay one thing i
start hard time that’s okay one thing i
start hard time that’s okay one thing i want to remind you of and what I want
want to remind you of and what I want
want to remind you of and what I want to think about is can you build your
to think about is can you build your
to think about is can you build your business around the customer around the
business around the customer around the
business around the customer around the pain customer so a lot of entrepreneurs
pain customer so a lot of entrepreneurs
pain customer so a lot of entrepreneurs will start a business they think they
will start a business they think they
will start a business they think they have the greatest idea in the world and
have the greatest idea in the world and
have the greatest idea in the world and everyone is in by the product and then
everyone is in by the product and then
everyone is in by the product and then they get out into the market and nobody
they get out into the market and nobody
they get out into the market and nobody wants what they’re selling the best way
wants what they’re selling the best way
wants what they’re selling the best way to build a business is to find a
to build a business is to find a
to build a business is to find a customer who has a problem and offer to
customer who has a problem and offer to
customer who has a problem and offer to solve it if you can build your business
solve it if you can build your business
solve it if you can build your business around paying customers you much more
around paying customers you much more
around paying customers you much more likely to become successful and the last
likely to become successful and the last
likely to become successful and the last thing I want to talk about is I would
thing I want to talk about is I would
thing I want to talk about is I would strongly encourage you to follow your
strongly encourage you to follow your
strongly encourage you to follow your passion a lot of entrepreneurs start a
passion a lot of entrepreneurs start a
passion a lot of entrepreneurs start a business because they think you’re going
business because they think you’re going
business because they think you’re going to make a lot of money but they’re not
to make a lot of money but they’re not
to make a lot of money but they’re not really interested in whatever field
really interested in whatever field
really interested in whatever field they’re getting into it’s almost always
they’re getting into it’s almost always
they’re getting into it’s almost always a recipe for failure the most successful
a recipe for failure the most successful
a recipe for failure the most successful entrepreneurs are the ones who follow
entrepreneurs are the ones who follow
entrepreneurs are the ones who follow what they’re really really excited about
what they’re really really excited about
what they’re really really excited about passionate about it you can pour the
passionate about it you can pour the
passionate about it you can pour the heart into and people see their
heart into and people see their
heart into and people see their enthusiasm and they want to jump on
enthusiasm and they want to jump on
enthusiasm and they want to jump on board and they want to hire you or they
board and they want to hire you or they
board and they want to hire you or they want to buy your products or service so
want to buy your products or service so
want to buy your products or service so really try to tap into what really makes
really try to tap into what really makes
really try to tap into what really makes you tick what you’re super excited about
you tick what you’re super excited about
you tick what you’re super excited about and try to launch a business around that
and try to launch a business around that
and try to launch a business around that passion so I hope that helped if you
passion so I hope that helped if you
passion so I hope that helped if you enjoyed the video please leave a comment
enjoyed the video please leave a comment
enjoyed the video please leave a comment below if you have any other questions
below if you have any other questions
below if you have any other questions and also going to check out the comments
and also going to check out the comments
and also going to check out the comments below and I also get the video it comes
below and I also get the video it comes
below and I also get the video it comes up and we’ll see you on the next episode
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