hi I’m Evan Carmichael and welcome to a video edition of ask Evan in today’s
video edition of ask Evan in today’s
video 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 michael michael
from one of my readers michael michael
from one of my readers michael michael is an inventor he’s created a lot of
is an inventor he’s created a lot of
is an inventor he’s created a lot of products towards the ski and snowboard
products towards the ski and snowboard
products towards the ski and snowboard industry and they’ve sold for a lot of
industry and they’ve sold for a lot of
industry and they’ve sold for a lot of money but it’s always been for somebody
money but it’s always been for somebody
money but it’s always been for somebody else so now he wants to branch out for
else so now he wants to branch out for
else so now he wants to branch out for his own business and reap the rewards
his own business and reap the rewards
his own business and reap the rewards from his own inventions he’s trying to
from his own inventions he’s trying to
from his own inventions he’s trying to raise money to create a business plan to
raise money to create a business plan to
raise money to create a business plan to go for government funding and ask my new
go for government funding and ask my new
go for government funding and ask my new on what you should do so first of all
on what you should do so first of all
on what you should do so first of all congrats Michael it’s a great step to go
congrats Michael it’s a great step to go
congrats Michael it’s a great step to go on your own start your own business
on your own start your own business
on your own start your own business instead of working for somebody else
instead of working for somebody else
instead of working for somebody else takes a lot of guts to do it for writing
takes a lot of guts to do it for writing
takes a lot of guts to do it for writing your business plan I don’t recommend
your business plan I don’t recommend
your business plan I don’t recommend that you hire somebody to help you with
that you hire somebody to help you with
that you hire somebody to help you with your business finder it doesn’t have to
your business finder it doesn’t have to
your business finder it doesn’t have to be a super complex document but you want
be a super complex document but you want
be a super complex document but you want to make sure that you have your own
to make sure that you have your own
to make sure that you have your own ideas in there and it’s not somebody
ideas in there and it’s not somebody
ideas in there and it’s not somebody else doing it for you you don’t really
else doing it for you you don’t really
else doing it for you you don’t really see a lot of successful businesses that
see a lot of successful businesses that
see a lot of successful businesses that have been set up by somebody else
have been set up by somebody else
have been set up by somebody else reading their business plan so it
reading their business plan so it
reading their business plan so it encourage you to to write a business
encourage you to to write a business
encourage you to to write a business plan and try to do it yourself if you
plan and try to do it yourself if you
plan and try to do it yourself if you can and generally work with government
can and generally work with government
can and generally work with government funding it is an option but it may not
funding it is an option but it may not
funding it is an option but it may not be the best option for you to look at
be the best option for you to look at
be the best option for you to look at governments can be super helpful but it
governments can be super helpful but it
governments can be super helpful but it can also take a really long time to get
can also take a really long time to get
can also take a really long time to get the funding and often there are strings
the funding and often there are strings
the funding and often there are strings attached to it that you may not be able
attached to it that you may not be able
attached to it that you may not be able to go with so I would encourage you to
to go with so I would encourage you to
to go with so I would encourage you to try to look at other options if I were
try to look at other options if I were
try to look at other options if I were you I would probably try to contact some
you I would probably try to contact some
you I would probably try to contact some people in the ski industry there’s a lot
people in the ski industry there’s a lot
people in the ski industry there’s a lot of investors who put money to various
of investors who put money to various
of investors who put money to various key products figure out how much you
key products figure out how much you
key products figure out how much you need for your next invention so don’t
need for your next invention so don’t
need for your next invention so don’t think about your whole suite of new
think about your whole suite of new
think about your whole suite of new ideas coming out think about what’s the
ideas coming out think about what’s the
ideas coming out think about what’s the next invention that you want to launch
next invention that you want to launch
next invention that you want to launch try to find some people who know some of
try to find some people who know some of
try to find some people who know some of the products that you’ve created and
the products that you’ve created and
the products that you’ve created and believe in this investment and encourage
believe in this investment and encourage
believe in this investment and encourage them to want to get involved and
them to want to get involved and
them to want to get involved and hopefully they have money to bring but
hopefully they have money to bring but
hopefully they have money to bring but also a little bit of experience and
also a little bit of experience and
also a little bit of experience and connections within the ski or snowboard
connections within the ski or snowboard
connections within the ski or snowboard industry and then use the money that you
industry and then use the money that you
industry and then use the money that you make from that person mention to fund
make from that person mention to fund
make from that person mention to fund future inventions and it could be again
future inventions and it could be again
future inventions and it could be again with the same partners or you can go out
with the same partners or you can go out
with the same partners or you can go out on your own and do it yourself that’s
on your own and do it yourself that’s
on your own and do it yourself that’s what i would do i’ll try to connect with
what i would do i’ll try to connect with
what i would do i’ll try to connect with people
people
people who I know or who know me through the
who I know or who know me through the
who I know or who know me through the products that I’ve created if you have a
products that I’ve created if you have a
products that I’ve created if you have a big track record of success inventing
big track record of success inventing
big track record of success inventing cool products in the ski snowboard
cool products in the ski snowboard
cool products in the ski snowboard industry and I try to focus on that
industry and I try to focus on that
industry and I try to focus on that instead of going for the business plan
instead of going for the business plan
instead of going for the business plan and document root you can still try if
and document root you can still try if
and document root you can still try if you think you’ll have a much greater
you think you’ll have a much greater
you think you’ll have a much greater checks success working with individual
checks success working with individual
checks success working with individual investors who know your industry and who
investors who know your industry and who
investors who know your industry and who believe is how the products is created
believe is how the products is created
believe is how the products is created so I hope that helps Michael for
so I hope that helps Michael for
so I hope that helps Michael for everybody else if you enjoyed the video
everybody else if you enjoyed the video
everybody else if you enjoyed the video i love it if you can get with a thumbs
i love it if you can get with a thumbs
i love it if you can get with a thumbs up and will create more videos just like
up and will create more videos just like
up and will create more videos just like it and I’d also love to hear your
it and I’d also love to hear your
it and I’d also love to hear your thoughts and feedback if you want to
thoughts and feedback if you want to
thoughts and feedback if you want to leave a comment below the video and stay
leave a comment below the video and stay
leave a comment below the video and stay tuned for the next episode
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