live recording all right we are live welcome back everybody another
welcome back everybody another
welcome back everybody another entrepreneur ama asking your questions
entrepreneur ama asking your questions
entrepreneur ama asking your questions featuring Rishi captive II welcome back
featuring Rishi captive II welcome back
featuring Rishi captive II welcome back thanks Evan I believe nation good
thanks Evan I believe nation good
thanks Evan I believe nation good morning good morning pretty exciting i
morning good morning pretty exciting i
morning good morning pretty exciting i was up till four in the morning my book
was up till four in the morning my book
was up till four in the morning my book came in last night and yeah Nina
came in last night and yeah Nina
came in last night and yeah Nina insistent open it up that night we had a
insistent open it up that night we had a
insistent open it up that night we had a salsa night till about midnight and then
salsa night till about midnight and then
salsa night till about midnight and then she insisted that we opened up that
she insisted that we opened up that
she insisted that we opened up that night and then I got all excited that my
night and then I got all excited that my
night and then I got all excited that my book came in this is just like the the
book came in this is just like the the
book came in this is just like the the the galley copy so there’s some some
the galley copy so there’s some some
the galley copy so there’s some some mistakes in there so but it’s you know
mistakes in there so but it’s you know
mistakes in there so but it’s you know it’s nice to have the actual thing there
it’s nice to have the actual thing there
it’s nice to have the actual thing there so yeah so high four hours sleep so this
so yeah so high four hours sleep so this
so yeah so high four hours sleep so this will be an exciting challenge to my god
will be an exciting challenge to my god
will be an exciting challenge to my god crush league and split my focus and be
crush league and split my focus and be
crush league and split my focus and be on for asleep but I’m excited let’s try
on for asleep but I’m excited let’s try
on for asleep but I’m excited let’s try that and see how it goes I’m exciting
that and see how it goes I’m exciting
that and see how it goes I’m exciting i’m going to set up a game here and
i’m going to set up a game here and
i’m going to set up a game here and let’s get into our first question
alrighty Evan just so you know I am
alrighty Evan just so you know I am refreshing the page and I don’t cease I
refreshing the page and I don’t cease I
refreshing the page and I don’t cease I just want to make sure you’re really our
just want to make sure you’re really our
just want to make sure you’re really our lives I think are you live uh it says a
lives I think are you live uh it says a
lives I think are you live uh it says a minute ago hey guys I’ll refresh the
minute ago hey guys I’ll refresh the
minute ago hey guys I’ll refresh the page one more time just to make sure the
page one more time just to make sure the
page one more time just to make sure the fun the Fun X twitch experiments you
fun the Fun X twitch experiments you
fun the Fun X twitch experiments you guys are watch us on youtube you can
guys are watch us on youtube you can
guys are watch us on youtube you can follow me live on twitch let’s see let’s
follow me live on twitch let’s see let’s
follow me live on twitch let’s see let’s see
it says two minutes ago just making sure
it says two minutes ago just making sure that it’s live while I do that I agree
that it’s live while I do that I agree
that it’s live while I do that I agree she won’t you tell everybody but what
she won’t you tell everybody but what
she won’t you tell everybody but what you do fabulous um well I am reishi from
you do fabulous um well I am reishi from
you do fabulous um well I am reishi from Russia captain EO youtube channel and my
Russia captain EO youtube channel and my
Russia captain EO youtube channel and my channel is the place where good music
channel is the place where good music
channel is the place where good music good food and good talk in effect and I
good food and good talk in effect and I
good food and good talk in effect and I just love being youtuber I love being
just love being youtuber I love being
just love being youtuber I love being able to grow and share and all the fun
able to grow and share and all the fun
able to grow and share and all the fun things that youtubers to do and so yeah
things that youtubers to do and so yeah
things that youtubers to do and so yeah and i just love i love watching police
and i just love i love watching police
and i just love i love watching police Evan Carmichael channel and anyway it’s
Evan Carmichael channel and anyway it’s
Evan Carmichael channel and anyway it’s so much fun it’s like I ratted that to
so much fun it’s like I ratted that to
so much fun it’s like I ratted that to my name believe Evan Carmichael my new
my name believe Evan Carmichael my new
my name believe Evan Carmichael my new first name evan is my middle name now
first name evan is my middle name now
first name evan is my middle name now okay uh which when she says it says line
okay uh which when she says it says line
okay uh which when she says it says line now under my name so I’m assuming it’s
now under my name so I’m assuming it’s
now under my name so I’m assuming it’s work okay good sorry I don’t know it
work okay good sorry I don’t know it
work okay good sorry I don’t know it might just be my Wi-Fi anyway go ahead
might just be my Wi-Fi anyway go ahead
might just be my Wi-Fi anyway go ahead sorry well go you go ahead first
sorry well go you go ahead first
sorry well go you go ahead first question let’s do it okay let’s go all
question let’s do it okay let’s go all
question let’s do it okay let’s go all right first question comes from wrong
right first question comes from wrong
right first question comes from wrong Nikki Jose he says I have a dream to
Nikki Jose he says I have a dream to
Nikki Jose he says I have a dream to have my own business and have a big
have my own business and have a big
have my own business and have a big company in Tanzania and worldwide ken
company in Tanzania and worldwide ken
company in Tanzania and worldwide ken Vania and worldwide and now holding the
Vania and worldwide and now holding the
Vania and worldwide and now holding the bachelor degree of education based on
bachelor degree of education based on
bachelor degree of education based on economics as a teaching subject I have a
economics as a teaching subject I have a
economics as a teaching subject I have a lot of plans but I failed to perform due
lot of plans but I failed to perform due
lot of plans but I failed to perform due to capital problems so can you help me
to capital problems so can you help me
to capital problems so can you help me to fulfill my green so thanks for the
to fulfill my green so thanks for the
to fulfill my green so thanks for the question Oh Juan Nikki one nikka sorry
question Oh Juan Nikki one nikka sorry
question Oh Juan Nikki one nikka sorry if I didn’t say that right we always get
if I didn’t say that right we always get
if I didn’t say that right we always get a lot of questions about capital
a lot of questions about capital
a lot of questions about capital problems and so be really really
problems and so be really really
problems and so be really really probably helpful to you to check out
probably helpful to you to check out
probably helpful to you to check out some of the other League of Legends
some of the other League of Legends
some of the other League of Legends episodes that we’ve done because there
episodes that we’ve done because there
episodes that we’ve done because there might be some really great information
might be some really great information
might be some really great information there for you but capital problems
there for you but capital problems
there for you but capital problems usually
usually
usually I think from the feedback that I’ve
I think from the feedback that I’ve
I think from the feedback that I’ve heard and get a lot of people is its
heard and get a lot of people is its
heard and get a lot of people is its capital problems really boiled down to
capital problems really boiled down to
capital problems really boiled down to value problems so when you really are
value problems so when you really are
value problems so when you really are providing value then your capital is
providing value then your capital is
providing value then your capital is affected by that in a good way so I
affected by that in a good way so I
affected by that in a good way so I really think about what is the value
really think about what is the value
really think about what is the value that you want to provide it doesn’t have
that you want to provide it doesn’t have
that you want to provide it doesn’t have any information here about what kind of
any information here about what kind of
any information here about what kind of business you specifically want to start
business you specifically want to start
business you specifically want to start but I would just start with you know
but I would just start with you know
but I would just start with you know what is the value you want to provide
what is the value you want to provide
what is the value you want to provide with the service or product that you
with the service or product that you
with the service or product that you feel will really help change people’s
feel will really help change people’s
feel will really help change people’s lives and and I think that’s where you
lives and and I think that’s where you
lives and and I think that’s where you need to start more than being worried
need to start more than being worried
need to start more than being worried about the capital problem because I
about the capital problem because I
about the capital problem because I think that will be addressed when you
think that will be addressed when you
think that will be addressed when you address the value problem yeah for me I
address the value problem yeah for me I
address the value problem yeah for me I would just try to start smaller find the
would just try to start smaller find the
would just try to start smaller find the smaller way to get started whatever your
smaller way to get started whatever your
smaller way to get started whatever your big plan is it’s great to have a big
big plan is it’s great to have a big
big plan is it’s great to have a big dream a big vision big goal but break
dream a big vision big goal but break
dream a big vision big goal but break that down the smaller sets because what
that down the smaller sets because what
that down the smaller sets because what ends up happening is you don’t take
ends up happening is you don’t take
ends up happening is you don’t take action because I need to get these
action because I need to get these
action because I need to get these resources and this amount of money
resources and this amount of money
resources and this amount of money raised and this team on board until I
raised and this team on board until I
raised and this team on board until I get that I don’t start and that’s that’s
get that I don’t start and that’s that’s
get that I don’t start and that’s that’s the mistake a lot of entrepreneurs make
the mistake a lot of entrepreneurs make
the mistake a lot of entrepreneurs make where if you want to get that dream that
where if you want to get that dream that
where if you want to get that dream that happen you got to find a way just to get
happen you got to find a way just to get
happen you got to find a way just to get started on a small scale whatever that
started on a small scale whatever that
started on a small scale whatever that smallest first step is the challenge
smallest first step is the challenge
smallest first step is the challenge with raising capital when you’re first
with raising capital when you’re first
with raising capital when you’re first turn out the business one you know the
turn out the business one you know the
turn out the business one you know the banks aren’t going to give it to you
banks aren’t going to give it to you
banks aren’t going to give it to you unless you do a personal line of credit
unless you do a personal line of credit
unless you do a personal line of credit and I wouldn’t recommend going on
and I wouldn’t recommend going on
and I wouldn’t recommend going on getting the bank loan to start with
getting the bank loan to start with
getting the bank loan to start with anyway I say on the channel a lot that
anyway I say on the channel a lot that
anyway I say on the channel a lot that I’d much rather see you make money
I’d much rather see you make money
I’d much rather see you make money before you spend money I hate spending
before you spend money I hate spending
before you spend money I hate spending money like make you money it’s a it’s a
money like make you money it’s a it’s a
money like make you money it’s a it’s a consistent theme on a channel but then
consistent theme on a channel but then
consistent theme on a channel but then also do going to try to get investors
also do going to try to get investors
also do going to try to get investors you’re going to get destroyed on your
you’re going to get destroyed on your
you’re going to get destroyed on your valuation like they’re going to take so
valuation like they’re going to take so
valuation like they’re going to take so much of your company that you’re not
much of your company that you’re not
much of your company that you’re not gonna be left with anything because it’s
gonna be left with anything because it’s
gonna be left with anything because it’s too risky for them
too risky for them
too risky for them on top of that you’re going to spend so
on top of that you’re going to spend so
on top of that you’re going to spend so much time trying to be out raising
much time trying to be out raising
much time trying to be out raising capital that you’re not running a
capital that you’re not running a
capital that you’re not running a business raising capital is almost
business raising capital is almost
business raising capital is almost another full-time job that you have to
another full-time job that you have to
another full-time job that you have to go and do and it’s it’s really hard to
go and do and it’s it’s really hard to
go and do and it’s it’s really hard to then execute on your idea why you’re
then execute on your idea why you’re
then execute on your idea why you’re raising capital so I mean all of that in
raising capital so I mean all of that in
raising capital so I mean all of that in I’d say bootstrap find the small way to
I’d say bootstrap find the small way to
I’d say bootstrap find the small way to get started find a way to get close to
get started find a way to get close to
get started find a way to get close to your customers I understand what they
your customers I understand what they
your customers I understand what they really really want get an order in the
really really want get an order in the
really really want get an order in the door or even if it’s even if it’s I’m
door or even if it’s even if it’s I’m
door or even if it’s even if it’s I’m gonna get banned ye did they do it oh no
gonna get banned ye did they do it oh no
gonna get banned ye did they do it oh no you were banned this quickly I just got
you were banned this quickly I just got
you were banned this quickly I just got it no I did I got a six minute penalty
it no I did I got a six minute penalty
it no I did I got a six minute penalty ah because I had to hit the band a
ah because I had to hit the band a
ah because I had to hit the band a champion and I didn’t I didn’t do it and
champion and I didn’t I didn’t do it and
champion and I didn’t I didn’t do it and so now I’m bangs in the game for six
so now I’m bangs in the game for six
so now I’m bangs in the game for six minutes oh my god yeah not great yeah
minutes oh my god yeah not great yeah
minutes oh my god yeah not great yeah that’s split focus okay well hopefully
that’s split focus okay well hopefully
that’s split focus okay well hopefully Celia that’s the only a flaw of the day
Celia that’s the only a flaw of the day
Celia that’s the only a flaw of the day here um but it’s it’s six extra bonus
here um but it’s it’s six extra bonus
here um but it’s it’s six extra bonus minutes of of chat time and helping
minutes of of chat time and helping
minutes of of chat time and helping entrepreneurs um there you go providing
entrepreneurs um there you go providing
entrepreneurs um there you go providing value yeah so that’s it just find a way
value yeah so that’s it just find a way
value yeah so that’s it just find a way to start smaller don’t don’t expect
to start smaller don’t don’t expect
to start smaller don’t don’t expect somebody to come in on a white horse and
somebody to come in on a white horse and
somebody to come in on a white horse and save your business and give you the
save your business and give you the
save your business and give you the money you need and don’t wait you know
money you need and don’t wait you know
money you need and don’t wait you know don’t sit down complain that somebody’s
don’t sit down complain that somebody’s
don’t sit down complain that somebody’s not giving you money and don’t wait
not giving you money and don’t wait
not giving you money and don’t wait until that happens sale it’s too many
until that happens sale it’s too many
until that happens sale it’s too many entrepreneurs do that just find a small
entrepreneurs do that just find a small
entrepreneurs do that just find a small way to get started if it’s if you need
way to get started if it’s if you need
way to get started if it’s if you need money to raise capital for a product you
money to raise capital for a product you
money to raise capital for a product you don’t start with the service get close
don’t start with the service get close
don’t start with the service get close to your customers get cash hill coming
to your customers get cash hill coming
to your customers get cash hill coming in and invest that money into building
in and invest that money into building
in and invest that money into building the product for your business it’s a
the product for your business it’s a
the product for your business it’s a little bit slower growth but one it
little bit slower growth but one it
little bit slower growth but one it helps make sure that something’s
helps make sure that something’s
helps make sure that something’s actually happening on your business and
actually happening on your business and
actually happening on your business and to dramatically increase is a chance of
to dramatically increase is a chance of
to dramatically increase is a chance of your business being successful item
alright next question comes from homme
alright next question comes from homme de omar cuz i’m homme de anza alright
de omar cuz i’m homme de anza alright
de omar cuz i’m homme de anza alright very cool names here Hamza says i’m 20
very cool names here Hamza says i’m 20
very cool names here Hamza says i’m 20 i’m in college my true passion is to be
i’m in college my true passion is to be
i’m in college my true passion is to be an entrepreneur but i don’t know what
an entrepreneur but i don’t know what
an entrepreneur but i don’t know what sort of business i want to start how can
sort of business i want to start how can
sort of business i want to start how can i overcome such a problem is this
i overcome such a problem is this
i overcome such a problem is this natural to happen absolutely Hamza I
natural to happen absolutely Hamza I
natural to happen absolutely Hamza I think this is probably pretty typical of
think this is probably pretty typical of
think this is probably pretty typical of a lot of people who are passionate
a lot of people who are passionate
a lot of people who are passionate entrepreneurs they want to they want to
entrepreneurs they want to they want to
entrepreneurs they want to they want to make an impact they want to change the
make an impact they want to change the
make an impact they want to change the world but they may not know you know
world but they may not know you know
world but they may not know you know where to start and exactly what it is
where to start and exactly what it is
where to start and exactly what it is they want to do I have to plug the one
they want to do I have to plug the one
they want to do I have to plug the one word book now because if you don’t know
word book now because if you don’t know
word book now because if you don’t know Evan book is in pre-launch and this is I
Evan book is in pre-launch and this is I
Evan book is in pre-launch and this is I can’t you know think of a better place
can’t you know think of a better place
can’t you know think of a better place to start because I think a lot of I
to start because I think a lot of I
to start because I think a lot of I don’t know that you’re gonna have to
don’t know that you’re gonna have to
don’t know that you’re gonna have to chime in on this but I feel like a lot
chime in on this but I feel like a lot
chime in on this but I feel like a lot of entrepreneurs just as a people they
of entrepreneurs just as a people they
of entrepreneurs just as a people they are on purpose they want to change the
are on purpose they want to change the
are on purpose they want to change the world they want to kind of anybody it’s
world they want to kind of anybody it’s
world they want to kind of anybody it’s not change like the world maybe they
not change like the world maybe they
not change like the world maybe they just really want to make change in a
just really want to make change in a
just really want to make change in a specific area they want to really leave
specific area they want to really leave
specific area they want to really leave this legacy and so I feel like you can’t
this legacy and so I feel like you can’t
this legacy and so I feel like you can’t talk about that without addressing
talk about that without addressing
talk about that without addressing purpose and so the book is one a really
purpose and so the book is one a really
purpose and so the book is one a really powerful way that you can start asking
powerful way that you can start asking
powerful way that you can start asking questions and tapping into purpose and i
questions and tapping into purpose and i
questions and tapping into purpose and i really think that that is a step toward
really think that that is a step toward
really think that that is a step toward finding out what kind of business you
finding out what kind of business you
finding out what kind of business you want to start another thing that I’ll
want to start another thing that I’ll
want to start another thing that I’ll just added you know is it it do you want
just added you know is it it do you want
just added you know is it it do you want to provide a service you know right away
to provide a service you know right away
to provide a service you know right away because even if you don’t know what the
because even if you don’t know what the
because even if you don’t know what the full business plan is you can start
full business plan is you can start
full business plan is you can start providing a service to you know your
providing a service to you know your
providing a service to you know your community people around you
community people around you
community people around you and that is a way that you can start to
and that is a way that you can start to
and that is a way that you can start to I think really identify the business
I think really identify the business
I think really identify the business that you want to be in because you start
that you want to be in because you start
that you want to be in because you start really being able to what are you
really being able to what are you
really being able to what are you passionate about how are you passionate
passionate about how are you passionate
passionate about how are you passionate about serving others around you and and
about serving others around you and and
about serving others around you and and just improving the lives of the people
just improving the lives of the people
just improving the lives of the people around you now that’s all I got I like
around you now that’s all I got I like
around you now that’s all I got I like it not like I appreciate the plug for
it not like I appreciate the plug for
it not like I appreciate the plug for the book too um yeah I would say I mean
the book too um yeah I would say I mean
the book too um yeah I would say I mean I agree understanding that the book
I agree understanding that the book
I agree understanding that the book helps you with your self awareness
helps you with your self awareness
helps you with your self awareness understanding what you’re staying for
understanding what you’re staying for
understanding what you’re staying for helping you live a life and run a
helping you live a life and run a
helping you live a life and run a business on purpose um so you know I
business on purpose um so you know I
business on purpose um so you know I would humbly recommend that you check it
would humbly recommend that you check it
would humbly recommend that you check it out to to add to it i would say i would
out to to add to it i would say i would
out to to add to it i would say i would say it’s super common i think one of the
say it’s super common i think one of the
say it’s super common i think one of the questions is this common that i don’t
questions is this common that i don’t
questions is this common that i don’t know what i want to do i think it is
know what i want to do i think it is
know what i want to do i think it is super common i think there are a lot of
super common i think there are a lot of
super common i think there are a lot of entrepreneurs who get started on
entrepreneurs who get started on
entrepreneurs who get started on something and they find that it’s not
something and they find that it’s not
something and they find that it’s not for them and they don’t know what to do
for them and they don’t know what to do
for them and they don’t know what to do next how people haven’t gotten started
next how people haven’t gotten started
next how people haven’t gotten started yet because they haven’t found their one
yet because they haven’t found their one
yet because they haven’t found their one idea i think some people have clarity
idea i think some people have clarity
idea i think some people have clarity from the beginning like i need to try
from the beginning like i need to try
from the beginning like i need to try this idea and a lot of people don’t they
this idea and a lot of people don’t they
this idea and a lot of people don’t they just want to be an entrepreneur they
just want to be an entrepreneur they
just want to be an entrepreneur they want to set their own rules they want to
want to set their own rules they want to
want to set their own rules they want to be their own boss they want to have an
be their own boss they want to have an
be their own boss they want to have an impact and so if that’s you the worst
impact and so if that’s you the worst
impact and so if that’s you the worst thing you can do is try to box yourself
thing you can do is try to box yourself
thing you can do is try to box yourself in too quickly the worst thing you can
in too quickly the worst thing you can
in too quickly the worst thing you can do is try to just go down a lane because
do is try to just go down a lane because
do is try to just go down a lane because you see an opportunity to make money but
you see an opportunity to make money but
you see an opportunity to make money but it’s not really what you’re passionate
it’s not really what you’re passionate
it’s not really what you’re passionate about the best thing you can do is
about the best thing you can do is
about the best thing you can do is explore and so we just need to do you
explore and so we just need to do you
explore and so we just need to do you need to explore and explore and try new
need to explore and explore and try new
need to explore and explore and try new things until you find the thing that you
things until you find the thing that you
things until you find the thing that you get really excited about super jazzed up
get really excited about super jazzed up
get really excited about super jazzed up about that you just can’t put down we
about that you just can’t put down we
about that you just can’t put down we just did a video she’s not coming out
just did a video she’s not coming out
just did a video she’s not coming out yet it’s coming out soon on novak
yet it’s coming out soon on novak
yet it’s coming out soon on novak djokovic the tennis player and he was
djokovic the tennis player and he was
djokovic the tennis player and he was from Serbia and when he was growing up
from Serbia and when he was growing up
from Serbia and when he was growing up everybody was talking about soccer and
everybody was talking about soccer and
everybody was talking about soccer and all these different sports and then
all these different sports and then
all these different sports and then suddenly they built the tennis court in
suddenly they built the tennis court in
suddenly they built the tennis court in his area and he just fell in love with
his area and he just fell in love with
his area and he just fell in love with tennis and he was out there playing
tennis and he was out there playing
tennis and he was out there playing tennis every single day you know 10
tennis every single day you know 10
tennis every single day you know 10 hours a day just he he wanted to be out
hours a day just he he wanted to be out
hours a day just he he wanted to be out there hitting balls against the wall as
there hitting balls against the wall as
there hitting balls against the wall as much as he could and the path wasn’t
much as he could and the path wasn’t
much as he could and the path wasn’t super clear for him you know to make
super clear for him you know to make
super clear for him you know to make money from this he just fell in love
money from this he just fell in love
money from this he just fell in love with tennis and couldn’t stop playing it
with tennis and couldn’t stop playing it
with tennis and couldn’t stop playing it and so you need to find the equivalent
and so you need to find the equivalent
and so you need to find the equivalent for what you do I love helping
for what you do I love helping
for what you do I love helping entrepreneurs I can’t help it when I’m
entrepreneurs I can’t help it when I’m
entrepreneurs I can’t help it when I’m playing league of legends I want to help
playing league of legends I want to help
playing league of legends I want to help on yours watching Birds all day long
on yours watching Birds all day long
on yours watching Birds all day long today is an insane day packed with
today is an insane day packed with
today is an insane day packed with hangouts and phone calls and meetings to
hangouts and phone calls and meetings to
hangouts and phone calls and meetings to help entrepreneurs and so that’s that’s
help entrepreneurs and so that’s that’s
help entrepreneurs and so that’s that’s my call that’s what I really enjoy doing
my call that’s what I really enjoy doing
my call that’s what I really enjoy doing and I didn’t know at the start like I
and I didn’t know at the start like I
and I didn’t know at the start like I didn’t set out on this plan to say I’m
didn’t set out on this plan to say I’m
didn’t set out on this plan to say I’m going to be an entrepreneur guru and
going to be an entrepreneur guru and
going to be an entrepreneur guru and help a ton of people you know what
help a ton of people you know what
help a ton of people you know what happened was when i sold my first
happened was when i sold my first
happened was when i sold my first business I was honestly bored and I
business I was honestly bored and I
business I was honestly bored and I didn’t know what I wanted to do and I
didn’t know what I wanted to do and I
didn’t know what I wanted to do and I got invited to speak at a YMCA and I
got invited to speak at a YMCA and I
got invited to speak at a YMCA and I said can you come talk to our group and
said can you come talk to our group and
said can you come talk to our group and said sure I was just trying a bunch of
said sure I was just trying a bunch of
said sure I was just trying a bunch of stuff say yes the whole bunch of things
stuff say yes the whole bunch of things
stuff say yes the whole bunch of things I went into the room and was
I went into the room and was
I went into the room and was disappointed that there were only three
disappointed that there were only three
disappointed that there were only three people there but I loved it I loved
people there but I loved it I loved
people there but I loved it I loved helping them and I love impacting those
helping them and I love impacting those
helping them and I love impacting those three people and I had to figure out
three people and I had to figure out
three people and I had to figure out another way to make this work because I
another way to make this work because I
another way to make this work because I wanted to keep doing it even never got
wanted to keep doing it even never got
wanted to keep doing it even never got paid and in looking at it a lot of time
paid and in looking at it a lot of time
paid and in looking at it a lot of time two things that you love don’t make
two things that you love don’t make
two things that you love don’t make sense at the start don’t have a logical
sense at the start don’t have a logical
sense at the start don’t have a logical business plan are you not clear how
business plan are you not clear how
business plan are you not clear how you’re going to make money from the
you’re going to make money from the
you’re going to make money from the start from that YMCA thing it was a free
start from that YMCA thing it was a free
start from that YMCA thing it was a free event and I promoted and they promoted
event and I promoted and they promoted
event and I promoted and they promoted it and only three people showed up you
it and only three people showed up you
it and only three people showed up you know how am I gonna ever turn that into
know how am I gonna ever turn that into
know how am I gonna ever turn that into a business if three people show up to
a business if three people show up to
a business if three people show up to something that’s free right and that’s
something that’s free right and that’s
something that’s free right and that’s the matter that’s the kind of thing that
the matter that’s the kind of thing that
the matter that’s the kind of thing that people would look at and say oh well
people would look at and say oh well
people would look at and say oh well that you know I can’t do this this isn’t
that you know I can’t do this this isn’t
that you know I can’t do this this isn’t going to be a business but if it’s
going to be a business but if it’s
going to be a business but if it’s something that you love then you’ll find
something that you love then you’ll find
something that you love then you’ll find a way like for me it wasn’t doing more
a way like for me it wasn’t doing more
a way like for me it wasn’t doing more public speaking yet it was turning into
public speaking yet it was turning into
public speaking yet it was turning into a website turn until you
a website turn until you
a website turn until you your channel and that led to more public
your channel and that led to more public
your channel and that led to more public speaking but years later like we’re
speaking but years later like we’re
speaking but years later like we’re gonna get that speech I must have been
gonna get that speech I must have been
gonna get that speech I must have been 22 or 23 you know now I’m 30 what here
22 or 23 you know now I’m 30 what here
22 or 23 you know now I’m 30 what here is it 36 uh and so it took some time to
is it 36 uh and so it took some time to
is it 36 uh and so it took some time to build up and you don’t know how the
build up and you don’t know how the
build up and you don’t know how the business model is necessarily going to
business model is necessarily going to
business model is necessarily going to work you may have to switch your
work you may have to switch your
work you may have to switch your business model ton of times but it’s
business model ton of times but it’s
business model ton of times but it’s just pursuing the things that you love
just pursuing the things that you love
just pursuing the things that you love and if you don’t know what you loved and
and if you don’t know what you loved and
and if you don’t know what you loved and you need to explore until you find the
you need to explore until you find the
you need to explore until you find the thing that you love and fabulous it I
thing that you love and fabulous it I
thing that you love and fabulous it I think I was pretty on point I’m pretty
think I was pretty on point I’m pretty
think I was pretty on point I’m pretty impressed four hours sleep I’m feeling
impressed four hours sleep I’m feeling
impressed four hours sleep I’m feeling that one that was a good one that story
that one that was a good one that story
that one that was a good one that story is just so so inspirational anyway I
is just so so inspirational anyway I
is just so so inspirational anyway I love the YMCA story yeah yeah I mean we
love the YMCA story yeah yeah I mean we
love the YMCA story yeah yeah I mean we didn’t get into a too much detail but
didn’t get into a too much detail but
didn’t get into a too much detail but quick shout-out to rise online and guilt
quick shout-out to rise online and guilt
quick shout-out to rise online and guilt guilt summer 51 96 or joining on the
guilt summer 51 96 or joining on the
guilt summer 51 96 or joining on the live stream thank you guys let’s hit up
live stream thank you guys let’s hit up
live stream thank you guys let’s hit up or no question alrighty next question
or no question alrighty next question
or no question alrighty next question comes from Lewis and he says I’m 28
comes from Lewis and he says I’m 28
comes from Lewis and he says I’m 28 years old and I’m a huge fan I used to
years old and I’m a huge fan I used to
years old and I’m a huge fan I used to work with IT and marketing for about six
work with IT and marketing for about six
work with IT and marketing for about six years at the moment I’m director of
years at the moment I’m director of
years at the moment I’m director of clothing a clothing store but he’s
clothing a clothing store but he’s
clothing a clothing store but he’s always had a hash a passion to be an
always had a hash a passion to be an
always had a hash a passion to be an entrepreneur his father owned the local
entrepreneur his father owned the local
entrepreneur his father owned the local supermarket and he worked in the
supermarket and he worked in the
supermarket and he worked in the supermarket when he was a child and they
supermarket when he was a child and they
supermarket when he was a child and they sold it when about 70 years ago now he’s
sold it when about 70 years ago now he’s
sold it when about 70 years ago now he’s interested in buying back the
interested in buying back the
interested in buying back the supermarket and he wants to make this
supermarket and he wants to make this
supermarket and he wants to make this into a kind of like a step-by-step move
into a kind of like a step-by-step move
into a kind of like a step-by-step move into a chain of small supermarkets like
into a chain of small supermarkets like
into a chain of small supermarkets like a 7-eleven so the problem he won’t need
a 7-eleven so the problem he won’t need
a 7-eleven so the problem he won’t need to have a notice he can’t buy it back
to have a notice he can’t buy it back
to have a notice he can’t buy it back because he doesn’t have the money to buy
because he doesn’t have the money to buy
because he doesn’t have the money to buy it back what should he do borrow money
it back what should he do borrow money
it back what should he do borrow money or find an investor hello the inet why
or find an investor hello the inet why
or find an investor hello the inet why so I know you know your thoughts about
so I know you know your thoughts about
so I know you know your thoughts about seeking investors but in this case when
seeking investors but in this case when
seeking investors but in this case when there is a
there is a
there is a kind of like a pre-existing business and
kind of like a pre-existing business and
kind of like a pre-existing business and it sounds like he knows the business I’m
it sounds like he knows the business I’m
it sounds like he knows the business I’m wondering if your if your advice is the
wondering if your if your advice is the
wondering if your if your advice is the same I I guess in a way this could be
same I I guess in a way this could be
same I I guess in a way this could be considered expansion capital because I
considered expansion capital because I
considered expansion capital because I just to clarify there’s a really great
just to clarify there’s a really great
just to clarify there’s a really great video if you guys haven’t seen it’s
video if you guys haven’t seen it’s
video if you guys haven’t seen it’s called do you really need an investor
called do you really need an investor
called do you really need an investor for your business it’s a video with Evan
for your business it’s a video with Evan
for your business it’s a video with Evan and Steven Kelley from some stage and
and Steven Kelley from some stage and
and Steven Kelley from some stage and they have a really good discussion on
they have a really good discussion on
they have a really good discussion on that video again called do you really
that video again called do you really
that video again called do you really need an investor for your business and
need an investor for your business and
need an investor for your business and they have a really good discussion there
they have a really good discussion there
they have a really good discussion there about deep you know kind of when is the
about deep you know kind of when is the
about deep you know kind of when is the right time and so you might want to
right time and so you might want to
right time and so you might want to check that video out but yeah in this
check that video out but yeah in this
check that video out but yeah in this case is you know you’re not
case is you know you’re not
case is you know you’re not bootstrapping so what do you say Evan
bootstrapping so what do you say Evan
bootstrapping so what do you say Evan yeah so I’m just a quick update for the
yeah so I’m just a quick update for the
yeah so I’m just a quick update for the people watching live I was in a game and
people watching live I was in a game and
people watching live I was in a game and I forgot the bane of champion so I got
I forgot the bane of champion so I got
I forgot the bane of champion so I got kicked out of the game and given a six
kicked out of the game and given a six
kicked out of the game and given a six minute penalty I know now we’re having a
minute penalty I know now we’re having a
minute penalty I know now we’re having a hard time finding the new game so which
hard time finding the new game so which
hard time finding the new game so which is we’re just going to the questions and
is we’re just going to the questions and
is we’re just going to the questions and seeing what comes up um oh we got a game
seeing what comes up um oh we got a game
seeing what comes up um oh we got a game look at that let’s hope it sticks so one
look at that let’s hope it sticks so one
look at that let’s hope it sticks so one I mean I love the nostalgia I love the
I mean I love the nostalgia I love the
I mean I love the nostalgia I love the idea of taking something that you
idea of taking something that you
idea of taking something that you started with and it has some you know
started with and it has some you know
started with and it has some you know family connections and ties to and love
family connections and ties to and love
family connections and ties to and love I think that’s great a couple a couple
I think that’s great a couple a couple
I think that’s great a couple a couple things that I see for you one it can be
things that I see for you one it can be
things that I see for you one it can be super challenging to get one specific
super challenging to get one specific
super challenging to get one specific thing right like I want that store that
thing right like I want that store that
thing right like I want that store that my parents used to have you know maybe I
my parents used to have you know maybe I
my parents used to have you know maybe I want the Evan dot-com domain name but it
want the Evan dot-com domain name but it
want the Evan dot-com domain name but it doesn’t mean that the guy wants to sell
doesn’t mean that the guy wants to sell
doesn’t mean that the guy wants to sell it to me right so who just because you
it to me right so who just because you
it to me right so who just because you want that one thing it doesn’t mean that
want that one thing it doesn’t mean that
want that one thing it doesn’t mean that you’re gonna be able to get it at an
you’re gonna be able to get it at an
you’re gonna be able to get it at an affordable price it may take years to be
affordable price it may take years to be
affordable price it may take years to be able to get it you may have to wait for
able to get it you may have to wait for
able to get it you may have to wait for the person to pass on it goes to their
the person to pass on it goes to their
the person to pass on it goes to their kids before you’re able to get it right
kids before you’re able to get it right
kids before you’re able to get it right just depends on how much they love the
just depends on how much they love the
just depends on how much they love the business and and when it’s time to sell
business and and when it’s time to sell
business and and when it’s time to sell I you know do
I you know do
I you know do we got a new we got a new game again I
we got a new we got a new game again I
we got a new we got a new game again I remember having a meeting with an angel
remember having a meeting with an angel
remember having a meeting with an angel investor and he was talking about how he
investor and he was talking about how he
investor and he was talking about how he acquires businesses and one of the
acquires businesses and one of the
acquires businesses and one of the things that he mentioned was he would
things that he mentioned was he would
things that he mentioned was he would talk to business owners and say hey you
talk to business owners and say hey you
talk to business owners and say hey you know when you’re ready to sell I’d love
know when you’re ready to sell I’d love
know when you’re ready to sell I’d love to be the first guy that he talked to
to be the first guy that he talked to
to be the first guy that he talked to and a lot of times people don’t have an
and a lot of times people don’t have an
and a lot of times people don’t have an exit strategy you know for grocery store
exit strategy you know for grocery store
exit strategy you know for grocery store a lot of times people don’t you know you
a lot of times people don’t you know you
a lot of times people don’t you know you can’t go public with it yeah you can’t
can’t go public with it yeah you can’t
can’t go public with it yeah you can’t issue a big shares against it there’s no
issue a big shares against it there’s no
issue a big shares against it there’s no real mergers and acquisition
real mergers and acquisition
real mergers and acquisition opportunities so they may not have an
opportunities so they may not have an
opportunities so they may not have an exit strategy beyond give it to my kids
exit strategy beyond give it to my kids
exit strategy beyond give it to my kids and so this is this is a chance for thee
and so this is this is a chance for thee
and so this is this is a chance for thee for them when the time is right just
for them when the time is right just
for them when the time is right just like if you want to buy somebody’s house
like if you want to buy somebody’s house
like if you want to buy somebody’s house you know they may not be selling so it
you know they may not be selling so it
you know they may not be selling so it can be hard living house so just put it
can be hard living house so just put it
can be hard living house so just put it on their radar talking to them and
on their radar talking to them and
on their radar talking to them and saying problem you a tribe and my
saying problem you a tribe and my
saying problem you a tribe and my champion popular sign I don’t want to
champion popular sign I don’t want to
champion popular sign I don’t want to know they’re there we go just let them
know they’re there we go just let them
know they’re there we go just let them know that this opportunity it still will
know that this opportunity it still will
know that this opportunity it still will likely mean you paid an inflated price
likely mean you paid an inflated price
likely mean you paid an inflated price but not something over-the-top crazy so
but not something over-the-top crazy so
but not something over-the-top crazy so be prepared that it may take years so
be prepared that it may take years so
be prepared that it may take years so that that happen if that happens and
that that happen if that happens and
that that happen if that happens and then so what are you gonna do now right
then so what are you gonna do now right
then so what are you gonna do now right zoom is gonna take some time what are
zoom is gonna take some time what are
zoom is gonna take some time what are you gonna spend your time on now how can
you gonna spend your time on now how can
you gonna spend your time on now how can you learn more about the industry or how
you learn more about the industry or how
you learn more about the industry or how can you get started in this smaller way
can you get started in this smaller way
can you get started in this smaller way back to the first question about raising
back to the first question about raising
back to the first question about raising capital start smaller what can you do to
capital start smaller what can you do to
capital start smaller what can you do to start in a small way to build up
start in a small way to build up
start in a small way to build up experience build up customer base
experience build up customer base
experience build up customer base understand the product and the product
understand the product and the product
understand the product and the product marketing again do you go work for
marketing again do you go work for
marketing again do you go work for another grocery store and just get back
another grocery store and just get back
another grocery store and just get back into it or do you start your own thing
into it or do you start your own thing
into it or do you start your own thing protection on the side and start
protection on the side and start
protection on the side and start learning again and then when an
learning again and then when an
learning again and then when an opportunity does come it is something
opportunity does come it is something
opportunity does come it is something that you could potentially finance with
that you could potentially finance with
that you could potentially finance with the bank I don’t think an angel investor
the bank I don’t think an angel investor
the bank I don’t think an angel investor would want to have a grocery store I
would want to have a grocery store I
would want to have a grocery store I mean unless unless it’s somebody in your
mean unless unless it’s somebody in your
mean unless unless it’s somebody in your family who already has any action to it
family who already has any action to it
family who already has any action to it and once that see you revive it you know
and once that see you revive it you know
and once that see you revive it you know I don’t your parents are still around
I don’t your parents are still around
I don’t your parents are still around they’re interested or brother or sister
they’re interested or brother or sister
they’re interested or brother or sister or cousin or uncle or aunt there there
or cousin or uncle or aunt there there
or cousin or uncle or aunt there there might be a connection but for an angel
might be a connection but for an angel
might be a connection but for an angel it’s just not an attractive business the
it’s just not an attractive business the
it’s just not an attractive business the growth isn’t there for an angel investor
growth isn’t there for an angel investor
growth isn’t there for an angel investor a bank would look at it but they want to
a bank would look at it but they want to
a bank would look at it but they want to see the assets and they don’t put a high
see the assets and they don’t put a high
see the assets and they don’t put a high value on inventory in a grocery store
value on inventory in a grocery store
value on inventory in a grocery store it’s not like you’re sitting on gold or
it’s not like you’re sitting on gold or
it’s not like you’re sitting on gold or precious metals or something you know
precious metals or something you know
precious metals or something you know the value rapidly roads so it’d be hard
the value rapidly roads so it’d be hard
the value rapidly roads so it’d be hard to get any kind of inventory based loan
to get any kind of inventory based loan
to get any kind of inventory based loan but to buy the building you know if the
but to buy the building you know if the
but to buy the building you know if the if you’re buying the buildings that I’ve
if you’re buying the buildings that I’ve
if you’re buying the buildings that I’ve just taken over release let me pick my
just taken over release let me pick my
just taken over release let me pick my champion there we go that could be
champion there we go that could be
champion there we go that could be interesting and and they would
interesting and and they would
interesting and and they would potentially look at that if they have
potentially look at that if they have
potentially look at that if they have existing sales and you’re you’re buying
existing sales and you’re you’re buying
existing sales and you’re you’re buying a business more than three years old
a business more than three years old
a business more than three years old then they would look at that and
then they would look at that and
then they would look at that and potentially give you a loan on that the
potentially give you a loan on that the
potentially give you a loan on that the the the industry is you’re pretty low
the the industry is you’re pretty low
the the industry is you’re pretty low margin and if you’re paying any kind of
margin and if you’re paying any kind of
margin and if you’re paying any kind of premium it’s going to be hard to get the
premium it’s going to be hard to get the
premium it’s going to be hard to get the banks to say yes and finance it so you’d
banks to say yes and finance it so you’d
banks to say yes and finance it so you’d have to get a pretty sweet deal on it
have to get a pretty sweet deal on it
have to get a pretty sweet deal on it but it’s possible you know I would you
but it’s possible you know I would you
but it’s possible you know I would you know the other another alternative is
know the other another alternative is
know the other another alternative is you might be able to do a payout over a
you might be able to do a payout over a
you might be able to do a payout over a certain number of years so instead of
certain number of years so instead of
certain number of years so instead of instead of having to go and get outside
instead of having to go and get outside
instead of having to go and get outside financing the bio hundred percent right
financing the bio hundred percent right
financing the bio hundred percent right away you could you could take it on and
away you could you could take it on and
away you could you could take it on and have a debt structure where you’re not
have a debt structure where you’re not
have a debt structure where you’re not putting money down at the front or it’s
putting money down at the front or it’s
putting money down at the front or it’s really minimal money at the start and
really minimal money at the start and
really minimal money at the start and then you’re paying them every year so
then you’re paying them every year so
then you’re paying them every year so maybe for the next five years they get X
maybe for the next five years they get X
maybe for the next five years they get X number of dollars and so the business is
number of dollars and so the business is
number of dollars and so the business is financing it and they have an incentive
financing it and they have an incentive
financing it and they have an incentive to kind of still mentor you and help you
to kind of still mentor you and help you
to kind of still mentor you and help you and guide you and at the end of those
and guide you and at the end of those
and guide you and at the end of those five years then they get paid a great
five years then they get paid a great
five years then they get paid a great over a couple options there yeah don’t
over a couple options there yeah don’t
over a couple options there yeah don’t don’t assume it always has to be just
don’t assume it always has to be just
don’t assume it always has to be just going out and raising capital we have a
going out and raising capital we have a
going out and raising capital we have a game I’m excited and I got my team
game I’m excited and I got my team
game I’m excited and I got my team everyone lasta for those you watching
everyone lasta for those you watching
everyone lasta for those you watching live again last time I
live again last time I
live again last time I god I got banned timo got banned I had
god I got banned timo got banned I had
god I got banned timo got banned I had to play a new champion we still won
to play a new champion we still won
to play a new champion we still won though did we win I’m pretty sure we
though did we win I’m pretty sure we
though did we win I’m pretty sure we want on Tuesday we won right yeah you
want on Tuesday we won right yeah you
want on Tuesday we won right yeah you want on more day everyone we want to
want on more day everyone we want to
want on more day everyone we want to good like you all right good yeah I love
good like you all right good yeah I love
good like you all right good yeah I love it all right what’s next Bernard Bernard
it all right what’s next Bernard Bernard
it all right what’s next Bernard Bernard asks i’m currently working on a pet
asks i’m currently working on a pet
asks i’m currently working on a pet project and proposal and it’s underway I
project and proposal and it’s underway I
project and proposal and it’s underway I need your advice the best way I can
need your advice the best way I can
need your advice the best way I can reach out to potential investor wow this
reach out to potential investor wow this
reach out to potential investor wow this is they’re raising capital yeah this is
is they’re raising capital yeah this is
is they’re raising capital yeah this is raising capital day yeah well um that’s
raising capital day yeah well um that’s
raising capital day yeah well um that’s it that’s a whole think that’s it mm-hmm
it that’s a whole think that’s it mm-hmm
it that’s a whole think that’s it mm-hmm so um I guess the first thing is all of
so um I guess the first thing is all of
so um I guess the first thing is all of all of it we love the questions that you
all of it we love the questions that you
all of it we love the questions that you guys are sending and it’d be really
guys are sending and it’d be really
guys are sending and it’d be really great too if we in your questions if you
great too if we in your questions if you
great too if we in your questions if you could include what exactly you’re
could include what exactly you’re
could include what exactly you’re working on because i’m not sure what
working on because i’m not sure what
working on because i’m not sure what kind of a proposal this would be but in
kind of a proposal this would be but in
kind of a proposal this would be but in terms of the advice for tantrum vectors
terms of the advice for tantrum vectors
terms of the advice for tantrum vectors I think hopefully so far there’s been
I think hopefully so far there’s been
I think hopefully so far there’s been lots of value given in that in that
lots of value given in that in that
lots of value given in that in that direction as far as you know are you
direction as far as you know are you
direction as far as you know are you considering potential investors to kind
considering potential investors to kind
considering potential investors to kind of swoop in and save you to do it it is
of swoop in and save you to do it it is
of swoop in and save you to do it it is that you could do by bootstrapping so is
that you could do by bootstrapping so is
that you could do by bootstrapping so is it too soon i would ask the question is
it too soon i would ask the question is
it too soon i would ask the question is it too soon for you to already be
it too soon for you to already be
it too soon for you to already be reaching out to potential investors and
let’s say he is on the he is at the
let’s say he is on the he is at the place where he should reach out to
place where he should reach out to
place where he should reach out to potential investors Evan do you have any
potential investors Evan do you have any
potential investors Evan do you have any thoughts on what the best way to do you
thoughts on what the best way to do you
thoughts on what the best way to do you know he’s at that stage where is the
know he’s at that stage where is the
know he’s at that stage where is the right time if you talk about that on
right time if you talk about that on
right time if you talk about that on Tuesday as well yeah so I’ll do it I’ll
Tuesday as well yeah so I’ll do it I’ll
Tuesday as well yeah so I’ll do it I’ll do a quick rundown
do a quick rundown
do a quick rundown different options that you have and then
different options that you have and then
different options that you have and then you can figure out what works best for
you can figure out what works best for
you can figure out what works best for you but come on Ash come help me I need
you but come on Ash come help me I need
you but come on Ash come help me I need help here come come help me with the
help here come come help me with the
help here come come help me with the jungle ma so so again first off I’d be
jungle ma so so again first off I’d be
jungle ma so so again first off I’d be looking at bootstrapping not giving up
looking at bootstrapping not giving up
looking at bootstrapping not giving up equity not even trying at the start
equity not even trying at the start
equity not even trying at the start because you’ll waste a lot of time and
because you’ll waste a lot of time and
because you’ll waste a lot of time and give up too much of your business but
give up too much of your business but
give up too much of your business but let’s say that it does make sense that
let’s say that it does make sense that
let’s say that it does make sense that this something that you need to go with
this something that you need to go with
this something that you need to go with your your options to start with our one
your your options to start with our one
your your options to start with our one your your friends and family it’s called
your your friends and family it’s called
your your friends and family it’s called love money this is typically did he say
love money this is typically did he say
love money this is typically did he say how much he wants to race or no we don’t
how much he wants to race or no we don’t
how much he wants to race or no we don’t know how much mmm no not more
know how much mmm no not more
know how much mmm no not more information yeah okay so typically it
information yeah okay so typically it
information yeah okay so typically it was under 25 to 50 thousand dollars then
was under 25 to 50 thousand dollars then
was under 25 to 50 thousand dollars then you’re looking with friends and family
you’re looking with friends and family
you’re looking with friends and family again called love money it’s people who
again called love money it’s people who
again called love money it’s people who know you they like you they want to help
know you they like you they want to help
know you they like you they want to help they you know they may want a some kind
they you know they may want a some kind
they you know they may want a some kind of investment return but they’re not
of investment return but they’re not
of investment return but they’re not sophisticated they’re not used to
sophisticated they’re not used to
sophisticated they’re not used to investing they’re doing it mainly
investing they’re doing it mainly
investing they’re doing it mainly because they like you so you think about
because they like you so you think about
because they like you so you think about you know kindergarten class mates and
you know kindergarten class mates and
you know kindergarten class mates and next-door neighbors and all those kinds
next-door neighbors and all those kinds
next-door neighbors and all those kinds of people because of its if it if it’s
of people because of its if it if it’s
of people because of its if it if it’s under twenty-five thousand dollars it’s
under twenty-five thousand dollars it’s
under twenty-five thousand dollars it’s just not interesting enough for an angel
just not interesting enough for an angel
just not interesting enough for an angel investor it’s not enough that the amount
investor it’s not enough that the amount
investor it’s not enough that the amount of work that goes into doing the
of work that goes into doing the
of work that goes into doing the research on the deal and mentoring you
research on the deal and mentoring you
research on the deal and mentoring you and all that it’s just not worth it mmm
and all that it’s just not worth it mmm
and all that it’s just not worth it mmm and so like no angels gonna put in money
and so like no angels gonna put in money
and so like no angels gonna put in money unless they have some personal
unless they have some personal
unless they have some personal connection to you so it really depends
connection to you so it really depends
connection to you so it really depends on how much money trying to raise next
on how much money trying to raise next
on how much money trying to raise next up you can deal with angel investors
up you can deal with angel investors
up you can deal with angel investors they’re looking again between as a low
they’re looking again between as a low
they’re looking again between as a low point 25 50 thousand up to half a
point 25 50 thousand up to half a
point 25 50 thousand up to half a million dollars and what they want to
million dollars and what they want to
million dollars and what they want to see is they understand your industry
see is they understand your industry
see is they understand your industry they like you they see the opportunity
they like you they see the opportunity
they like you they see the opportunity they see a potential to to give back and
they see a potential to to give back and
they see a potential to to give back and advise and set of connections for you
advise and set of connections for you
advise and set of connections for you and you want that too if you’re bringing
and you want that too if you’re bringing
and you want that too if you’re bringing anybody on board into your business you
anybody on board into your business you
anybody on board into your business you don’t want what they call dumb money and
don’t want what they call dumb money and
don’t want what they call dumb money and that is someone who’s just giving you
that is someone who’s just giving you
that is someone who’s just giving you money you want somebody who
money you want somebody who
money you want somebody who help you out with more than just money
help you out with more than just money
help you out with more than just money right they give you ideas connections
right they give you ideas connections
right they give you ideas connections resources customers mentorship if you’re
resources customers mentorship if you’re
resources customers mentorship if you’re giving up a piece of your business you
giving up a piece of your business you
giving up a piece of your business you want to make sure that that you
want to make sure that that you
want to make sure that that you structure that while you bring on the
structure that while you bring on the
structure that while you bring on the right people I would also add you want
right people I would also add you want
right people I would also add you want to make sure you bring on people who
to make sure you bring on people who
to make sure you bring on people who share the same values as you you know I
share the same values as you you know I
share the same values as you you know I gets back to the one word idea and this
gets back to the one word idea and this
gets back to the one word idea and this is a section in the book talking about
is a section in the book talking about
is a section in the book talking about raising capital and investors a lot of
raising capital and investors a lot of
raising capital and investors a lot of people just look at investors as oh you
people just look at investors as oh you
people just look at investors as oh you know they have the skills and they have
know they have the skills and they have
know they have the skills and they have the money but do you guys get along
the money but do you guys get along
the money but do you guys get along right like bumble Joe may be a great
right like bumble Joe may be a great
right like bumble Joe may be a great potential investor but do you want do
potential investor but do you want do
potential investor but do you want do you want to be working with Uncle Joe
you want to be working with Uncle Joe
you want to be working with Uncle Joe every day is that is that something that
every day is that is that something that
every day is that is that something that you know is that gonna ruin your family
you know is that gonna ruin your family
you know is that gonna ruin your family dinners at Christmas and all that stuff
dinners at Christmas and all that stuff
dinners at Christmas and all that stuff for you know can you take feedback from
for you know can you take feedback from
for you know can you take feedback from him can you guys work together super
him can you guys work together super
him can you guys work together super important most people don’t consider
important most people don’t consider
important most people don’t consider that enough they’re just trying to chase
that enough they’re just trying to chase
that enough they’re just trying to chase the dollars warm over half a million
the dollars warm over half a million
the dollars warm over half a million you’re looking at venture capital and
you’re looking at venture capital and
you’re looking at venture capital and again like this the lowest vc’s don’t
again like this the lowest vc’s don’t
again like this the lowest vc’s don’t want to do small deals often it’s easier
want to do small deals often it’s easier
want to do small deals often it’s easier to do the 50 million dollar deal then
to do the 50 million dollar deal then
to do the 50 million dollar deal then the five hundred thousand dollar deal
the five hundred thousand dollar deal
the five hundred thousand dollar deal they do it because they see potential
they do it because they see potential
they do it because they see potential and they see your growth and it’s a hey
and they see your growth and it’s a hey
and they see your growth and it’s a hey if we if we help you out on this round
if we if we help you out on this round
if we if we help you out on this round you’re going to come back to us for the
you’re going to come back to us for the
you’re going to come back to us for the future rounds so they have to say a lot
future rounds so they have to say a lot
future rounds so they have to say a lot of potential return for angels and VCs
of potential return for angels and VCs
of potential return for angels and VCs they want to see thirty percent return a
they want to see thirty percent return a
they want to see thirty percent return a year which some businesses can throw off
year which some businesses can throw off
year which some businesses can throw off but a lot can’t like the last question
but a lot can’t like the last question
but a lot can’t like the last question about the grocery store that’s why I
about the grocery store that’s why I
about the grocery store that’s why I said that it’s not a business and Angel
said that it’s not a business and Angel
said that it’s not a business and Angel with care about because they’re not
with care about because they’re not
with care about because they’re not going to make thirty percent a year like
going to make thirty percent a year like
going to make thirty percent a year like the just that industry doesn’t create
the just that industry doesn’t create
the just that industry doesn’t create those kinds of margins mm-hmm and they
those kinds of margins mm-hmm and they
those kinds of margins mm-hmm and they don’t expect that right away but they
don’t expect that right away but they
don’t expect that right away but they expect that over a period of time so an
expect that over a period of time so an
expect that over a period of time so an angel will we’ll figure out being in
angel will we’ll figure out being in
angel will we’ll figure out being in your business for five to eight years
your business for five to eight years
your business for five to eight years and then they want to see that you’re
and then they want to see that you’re
and then they want to see that you’re kind of selling out you get acquired is
kind of selling out you get acquired is
kind of selling out you get acquired is this an exit strategy vc has a shorter
this an exit strategy vc has a shorter
this an exit strategy vc has a shorter isin you know three to five years they
isin you know three to five years they
isin you know three to five years they want to be in and out
want to be in and out
want to be in and out over that time you have to make them
over that time you have to make them
over that time you have to make them thirty percent return average per year
thirty percent return average per year
thirty percent return average per year so it’s it’s a it’s tough other options
so it’s it’s a it’s tough other options
so it’s it’s a it’s tough other options are your bank bank wants to see three
are your bank bank wants to see three
are your bank bank wants to see three years of business so it’s not going to
years of business so it’s not going to
years of business so it’s not going to it’s not going to apply to where you’re
it’s not going to apply to where you’re
it’s not going to apply to where you’re where you’re at right now but otherwise
where you’re at right now but otherwise
where you’re at right now but otherwise they’re going to want to see a personal
they’re going to want to see a personal
they’re going to want to see a personal guarantee so it all really depends on
guarantee so it all really depends on
guarantee so it all really depends on your personal credit once you get past
your personal credit once you get past
your personal credit once you get past three years in business you’ll have more
three years in business you’ll have more
three years in business you’ll have more options in dealing with the bank but
options in dealing with the bank but
options in dealing with the bank but until then like if you have a personal
until then like if you have a personal
until then like if you have a personal credit to do it you can do it I still
credit to do it you can do it I still
credit to do it you can do it I still don’t recommend it because I hate having
don’t recommend it because I hate having
don’t recommend it because I hate having to pay money again until I’m making
to pay money again until I’m making
to pay money again until I’m making money but you have an option there
money but you have an option there
money but you have an option there mm-hmm and then what else you got
mm-hmm and then what else you got
mm-hmm and then what else you got government government is either in the
government government is either in the
government government is either in the form of a loan or in the form of a grant
form of a loan or in the form of a grant
form of a loan or in the form of a grant that the only difference is you pay back
that the only difference is you pay back
that the only difference is you pay back alone you don’t pay back a grant and it
alone you don’t pay back a grant and it
alone you don’t pay back a grant and it sounds super attractive to say oh I get
sounds super attractive to say oh I get
sounds super attractive to say oh I get free money right i get i get money
free money right i get i get money
free money right i get i get money without having to pay it back that’s
without having to pay it back that’s
without having to pay it back that’s awesome I should go chase that the the
awesome I should go chase that the the
awesome I should go chase that the the downside of the government is they’re
downside of the government is they’re
downside of the government is they’re just super slow you know like as an
just super slow you know like as an
just super slow you know like as an entrepreneur you want everything that
entrepreneur you want everything that
entrepreneur you want everything that happened yesterday you want to you
happened yesterday you want to you
happened yesterday you want to you wanted to have happen already you know
wanted to have happen already you know
wanted to have happen already you know where we’re impatient we want our dreams
where we’re impatient we want our dreams
where we’re impatient we want our dreams it take hold right now where if you
it take hold right now where if you
it take hold right now where if you laugh or something with the government
laugh or something with the government
laugh or something with the government it may be six months until you hear
it may be six months until you hear
it may be six months until you hear anything back another six months before
anything back another six months before
anything back another six months before you get your money you know so it’s do
you get your money you know so it’s do
you get your money you know so it’s do you want to really wait that long and
you want to really wait that long and
you want to really wait that long and for me I I’ve never really gone down
for me I I’ve never really gone down
for me I I’ve never really gone down that road because I just I don’t the
that road because I just I don’t the
that road because I just I don’t the patients and I’d rather just get stuff
patients and I’d rather just get stuff
patients and I’d rather just get stuff done so that’s a quick overview I guess
done so that’s a quick overview I guess
done so that’s a quick overview I guess the other category would be a pre-sales
the other category would be a pre-sales
the other category would be a pre-sales so using using places like Kickstarter
so using using places like Kickstarter
so using using places like Kickstarter what I’m doing with my book writing
what I’m doing with my book writing
what I’m doing with my book writing pre-selling the book just do my own
pre-selling the book just do my own
pre-selling the book just do my own network and that’s that’s honestly one
network and that’s that’s honestly one
network and that’s that’s honestly one of the best ways to do it because you’re
of the best ways to do it because you’re
of the best ways to do it because you’re not giving up any equity in your
not giving up any equity in your
not giving up any equity in your business
business
business so when you put something on Kickstarter
so when you put something on Kickstarter
so when you put something on Kickstarter your it’s just marketing you know you’re
your it’s just marketing you know you’re
your it’s just marketing you know you’re selling your first units you’re giving
selling your first units you’re giving
selling your first units you’re giving some free bonuses away but you never
some free bonuses away but you never
some free bonuses away but you never actually give up any kind of equity in
actually give up any kind of equity in
actually give up any kind of equity in your company and you’re not you’re not
your company and you’re not you’re not
your company and you’re not you’re not paying people back there’s no there’s no
paying people back there’s no there’s no
paying people back there’s no there’s no debt structure that you have to worry
debt structure that you have to worry
debt structure that you have to worry about mm-hmm so that’s my that’s one of
about mm-hmm so that’s my that’s one of
about mm-hmm so that’s my that’s one of my favorite ways to do it because I hate
my favorite ways to do it because I hate
my favorite ways to do it because I hate you’re gonna give up so much equity as a
you’re gonna give up so much equity as a
you’re gonna give up so much equity as a percentage in your business that it
percentage in your business that it
percentage in your business that it sucks as an entrepreneur and it may
sucks as an entrepreneur and it may
sucks as an entrepreneur and it may prevent you from raising capital down
prevent you from raising capital down
prevent you from raising capital down the line because you’ve already given
the line because you’ve already given
the line because you’ve already given away too much of your business mm-hmm so
away too much of your business mm-hmm so
away too much of your business mm-hmm so you know I guess one last thought about
you know I guess one last thought about
you know I guess one last thought about Kickstarter is it works but you have to
Kickstarter is it works but you have to
Kickstarter is it works but you have to do the work too it’s not just a matter
do the work too it’s not just a matter
do the work too it’s not just a matter of throwing up a project and hey it’s
of throwing up a project and hey it’s
of throwing up a project and hey it’s gonna sell well because somebody else
gonna sell well because somebody else
gonna sell well because somebody else raise millions of dollars i am too you
raise millions of dollars i am too you
raise millions of dollars i am too you got to promote it you got to get media
got to promote it you got to get media
got to promote it you got to get media you got to make partnerships you got to
you got to make partnerships you got to
you got to make partnerships you got to you got to do the work to get exposure
you got to do the work to get exposure
you got to do the work to get exposure for it otherwise you know it’s not going
for it otherwise you know it’s not going
for it otherwise you know it’s not going to work just hoping that you put it up a
to work just hoping that you put it up a
to work just hoping that you put it up a website and it’s going to take off so
website and it’s going to take off so
website and it’s going to take off so with all that being said I still think
with all that being said I still think
with all that being said I still think what’s trapping is the way to do it good
what’s trapping is the way to do it good
what’s trapping is the way to do it good those like that’s like an overview of
those like that’s like an overview of
those like that’s like an overview of your options um to raise capital ah
your options um to raise capital ah
your options um to raise capital ah there you go yeah there should be so I
there you go yeah there should be so I
there you go yeah there should be so I so when I just came back from sage
so when I just came back from sage
so when I just came back from sage summit in Chicago and one of my
summit in Chicago and one of my
summit in Chicago and one of my presentation I’m raising capital and I
presentation I’m raising capital and I
presentation I’m raising capital and I think on Friday of this week we’re gonna
think on Friday of this week we’re gonna
think on Friday of this week we’re gonna put that up the Flores entation I see
put that up the Flores entation I see
put that up the Flores entation I see that this week there next week and maybe
that this week there next week and maybe
that this week there next week and maybe next week I don’t know we’ll see it’s
next week I don’t know we’ll see it’s
next week I don’t know we’ll see it’s with my editor but that will give you I
with my editor but that will give you I
with my editor but that will give you I spoke for an hour on the various so ways
spoke for an hour on the various so ways
spoke for an hour on the various so ways to raise capital all right yeah and so
to raise capital all right yeah and so
to raise capital all right yeah and so that hopefully came out well I haven’t
that hopefully came out well I haven’t
that hopefully came out well I haven’t seen the recording but that could give
seen the recording but that could give
seen the recording but that could give extra context since we seem to have a
extra context since we seem to have a
extra context since we seem to have a lot of raising capital questions today
lot of raising capital questions today
lot of raising capital questions today that could be available content for for
that could be available content for for
that could be available content for for people who
people who
people who wineries money great all right um we
wineries money great all right um we
wineries money great all right um we have how’s the game going because I
have how’s the game going because I
have how’s the game going because I don’t see you mean little my screen is
don’t see you mean little my screen is
don’t see you mean little my screen is just I’m really behind for some reason
just I’m really behind for some reason
just I’m really behind for some reason i’m not i’m lagging on this wife so i
i’m not i’m lagging on this wife so i
i’m not i’m lagging on this wife so i doubt you doing on the game the game is
doubt you doing on the game the game is
doubt you doing on the game the game is going along uh my team is winning which
going along uh my team is winning which
going along uh my team is winning which is great i haven’t had much of an impact
i’m running around doing doing state the
i’m running around doing doing state the safe stuff without really helping my
safe stuff without really helping my
safe stuff without really helping my team too much so oh yeah yeah okay
team too much so oh yeah yeah okay
team too much so oh yeah yeah okay harmonies coming alright awesome next
harmonies coming alright awesome next
harmonies coming alright awesome next question comes from Nando and Nando says
question comes from Nando and Nando says
question comes from Nando and Nando says he has an idea to related to tourism
he has an idea to related to tourism
he has an idea to related to tourism it’s a big vacation idea and doesn’t get
it’s a big vacation idea and doesn’t get
it’s a big vacation idea and doesn’t get much more detail than that but it’s as
much more detail than that but it’s as
much more detail than that but it’s as i’m planning to present this to a print
i’m planning to present this to a print
i’m planning to present this to a print in the Middle East investor and other
in the Middle East investor and other
in the Middle East investor and other investors so the Prince Middle East to
investors so the Prince Middle East to
investors so the Prince Middle East to financially support this project so he
financially support this project so he
financially support this project so he has four questions start with number one
has four questions start with number one
has four questions start with number one can I patent patent a tourism idea um
can I patent patent a tourism idea um
can I patent patent a tourism idea um well the next we’ll put these together
well the next we’ll put these together
well the next we’ll put these together and look the best way to do that so
and look the best way to do that so
and look the best way to do that so patent son I’m going to trade that to
patent son I’m going to trade that to
patent son I’m going to trade that to you sir because I would love to hear
you sir because I would love to hear
you sir because I would love to hear what you have to say about patent yeah
what you have to say about patent yeah
what you have to say about patent yeah so potentially it depends on what it
so potentially it depends on what it
so potentially it depends on what it depends on what it does when you’re
depends on what it does when you’re
depends on what it does when you’re getting a patent ask for something new
getting a patent ask for something new
getting a patent ask for something new has to be something different usually
has to be something different usually
has to be something different usually you’re looking at inventions that could
you’re looking at inventions that could
you’re looking at inventions that could be us there could be a certain process
be us there could be a certain process
be us there could be a certain process that you do that’s differently the
that you do that’s differently the
that you do that’s differently the patent I think you’d honestly have a
patent I think you’d honestly have a
patent I think you’d honestly have a hard time getting a patent for a service
hard time getting a patent for a service
hard time getting a patent for a service kind of business it’s doable but you
kind of business it’s doable but you
kind of business it’s doable but you need to you need to check in with a
need to you need to check in with a
need to you need to check in with a patent lawyer I think you have a hard
patent lawyer I think you have a hard
patent lawyer I think you have a hard time though it just in all honesty
time though it just in all honesty
time though it just in all honesty thinking about it you don’t say this is
thinking about it you don’t say this is
thinking about it you don’t say this is not an invention so this is more just a
not an invention so this is more just a
not an invention so this is more just a tourism idea at this point yes the
tourism idea at this point yes the
tourism idea at this point yes the answer is maybe you’re probably not hmm
answer is maybe you’re probably not hmm
answer is maybe you’re probably not hmm if I’m being honest which I try to be on
if I’m being honest which I try to be on
if I’m being honest which I try to be on these on these hangers also the thing
these on these hangers also the thing
these on these hangers also the thing with patents is you you need to you need
with patents is you you need to you need
with patents is you you need to you need to get a patent in every country that
to get a patent in every country that
to get a patent in every country that you want protection else you get a you
you want protection else you get a you
you want protection else you get a you do a provisional patent at the start
do a provisional patent at the start
do a provisional patent at the start which gives you a year of kind of global
which gives you a year of kind of global
which gives you a year of kind of global coverage to be able to go out and
coverage to be able to go out and
coverage to be able to go out and commercialize the product and see if
commercialize the product and see if
commercialize the product and see if there’s a market for it but then you
there’s a market for it but then you
there’s a market for it but then you need to file at in every country and
need to file at in every country and
need to file at in every country and this filing fee with that so if you’re
this filing fee with that so if you’re
this filing fee with that so if you’re only selling to the US great not a huge
only selling to the US great not a huge
only selling to the US great not a huge deal but if you’re trying to sell it in
deal but if you’re trying to sell it in
deal but if you’re trying to sell it in multiple countries where if you’re doing
multiple countries where if you’re doing
multiple countries where if you’re doing tourism that sounds like it’s more
tourism that sounds like it’s more
tourism that sounds like it’s more international you’re dealing with the
international you’re dealing with the
international you’re dealing with the prince who as far as I know there’s no
prince who as far as I know there’s no
prince who as far as I know there’s no prints of the United States so here
prints of the United States so here
prints of the United States so here you’re maybe the Kennedys I don’t know
you’re maybe the Kennedys I don’t know
you’re maybe the Kennedys I don’t know see your eye your have your off selling
see your eye your have your off selling
see your eye your have your off selling to somebody in other countries so so
to somebody in other countries so so
to somebody in other countries so so you’ll need multiple patents and like
you’ll need multiple patents and like
you’ll need multiple patents and like that gets expensive but yeah I mean
that gets expensive but yeah I mean
that gets expensive but yeah I mean honestly talked to patent lawyer it’s
honestly talked to patent lawyer it’s
honestly talked to patent lawyer it’s probably no but if you’re if you really
probably no but if you’re if you really
probably no but if you’re if you really want to get some confirmation have a
want to get some confirmation have a
want to get some confirmation have a chat with somebody you need to patent it
chat with somebody you need to patent it
chat with somebody you need to patent it before you commercialize it so to get a
before you commercialize it so to get a
before you commercialize it so to get a patent it has to be before you start
patent it has to be before you start
patent it has to be before you start selling once something is commercially
selling once something is commercially
selling once something is commercially available you can’t patent it you can
available you can’t patent it you can
available you can’t patent it you can only patent the improvements that you
only patent the improvements that you
only patent the improvements that you make on it so you want to do that now
make on it so you want to do that now
make on it so you want to do that now before you before you start selling it
before you before you start selling it
before you before you start selling it and a patented can’t patent can be great
and a patented can’t patent can be great
and a patented can’t patent can be great when you’re talking to investors oh it’s
when you’re talking to investors oh it’s
when you’re talking to investors oh it’s show that there’s something there and
show that there’s something there and
show that there’s something there and investors love scene patent
yeah I it’s worth the conversation with
yeah I it’s worth the conversation with patent lawyer although again I don’t
patent lawyer although again I don’t
patent lawyer although again I don’t think it’s gonna it’s going to work out
think it’s gonna it’s going to work out
think it’s gonna it’s going to work out but give it a child have a conversation
but give it a child have a conversation
but give it a child have a conversation doesn’t it I have a conversation yeah
doesn’t it I have a conversation yeah
doesn’t it I have a conversation yeah and you address me one of the questions
and you address me one of the questions
and you address me one of the questions was it could the patent to be
was it could the patent to be
was it could the patent to be internationally covered so we adjust
internationally covered so we adjust
internationally covered so we adjust that you’d have to get the patent
that you’d have to get the patent
that you’d have to get the patent individually for each country yeah again
individually for each country yeah again
individually for each country yeah again you do you have a year of the
you do you have a year of the
you do you have a year of the provisional patent and I think you can
provisional patent and I think you can
provisional patent and I think you can also even file an extension potentially
also even file an extension potentially
also even file an extension potentially but but it runs out you you would need
but but it runs out you you would need
but but it runs out you you would need to then decide what markets you want to
to then decide what markets you want to
to then decide what markets you want to have the patent for and then and so it’s
have the patent for and then and so it’s
have the patent for and then and so it’s pain to get it there as well as paying
pain to get it there as well as paying
pain to get it there as well as paying for annual maintenance i guess like to
for annual maintenance i guess like to
for annual maintenance i guess like to keep it alive you have to pay every
keep it alive you have to pay every
keep it alive you have to pay every country every year so usually pick
country every year so usually pick
country every year so usually pick lettuce markets for the big companies
lettuce markets for the big companies
lettuce markets for the big companies you know google those guys that’s
you know google those guys that’s
you know google those guys that’s nothing but most on that refer level
nothing but most on that refer level
nothing but most on that refer level will just pick the markets if they want
will just pick the markets if they want
will just pick the markets if they want to focus on how long do pet pig was the
to focus on how long do pet pig was the
to focus on how long do pet pig was the he he he talked to the lawyer and he
he he he talked to the lawyer and he
he he he talked to the lawyer and he actually does have a patent or the idea
actually does have a patent or the idea
actually does have a patent or the idea how long would that take um it really
how long would that take um it really
how long would that take um it really depends on how much of his stuff is
depends on how much of his stuff is
depends on how much of his stuff is already together so you need to document
already together so you need to document
already together so you need to document everything that’s different about what
everything that’s different about what
everything that’s different about what you’re doing and so the patent lawyer
you’re doing and so the patent lawyer
you’re doing and so the patent lawyer will have a general understanding of
will have a general understanding of
will have a general understanding of what you need but you need to provide
what you need but you need to provide
what you need but you need to provide the documentation as to how it’s truly
the documentation as to how it’s truly
the documentation as to how it’s truly different come on so you know how
different come on so you know how
different come on so you know how quickly can you get that stuff together
quickly can you get that stuff together
quickly can you get that stuff together how quickly can you prepare it how
how quickly can you prepare it how
how quickly can you prepare it how cookin can you do screenshots and flow
cookin can you do screenshots and flow
cookin can you do screenshots and flow diagrams and kind of all the stuff that
diagrams and kind of all the stuff that
diagrams and kind of all the stuff that needs to get done to to create it maybe
needs to get done to to create it maybe
needs to get done to to create it maybe you’re like a lot of people are able to
you’re like a lot of people are able to
you’re like a lot of people are able to do their own
do their own
do their own patents as well but you have to be super
patents as well but you have to be super
patents as well but you have to be super detail oriented and get all your all
detail oriented and get all your all
detail oriented and get all your all your stuff together just like just like
your stuff together just like just like
your stuff together just like just like anything else you know if you want if
anything else you know if you want if
anything else you know if you want if you want someone to help you sell
you want someone to help you sell
you want someone to help you sell something you need to give them the
something you need to give them the
something you need to give them the materials you need to give them the
materials you need to give them the
materials you need to give them the content you need to help them through
content you need to help them through
content you need to help them through the process so the patent lawyer will
the process so the patent lawyer will
the process so the patent lawyer will definitely speed up the process compared
definitely speed up the process compared
definitely speed up the process compared to you doing it yourself but you need to
to you doing it yourself but you need to
to you doing it yourself but you need to give them the right documentation right
give them the right documentation right
give them the right documentation right yeah it’s like it’s like a website how
yeah it’s like it’s like a website how
yeah it’s like it’s like a website how long’s take me to get a website up it’s
long’s take me to get a website up it’s
long’s take me to get a website up it’s one of the questions that the website
one of the questions that the website
one of the questions that the website designers hate answering is like well I
designers hate answering is like well I
designers hate answering is like well I can work fast it depends i need content
can work fast it depends i need content
can work fast it depends i need content from you right i need another picture
from you right i need another picture
from you right i need another picture from you i need you to tell me what what
from you i need you to tell me what what
from you i need you to tell me what what you want mm okay so right how quickly
you want mm okay so right how quickly
you want mm okay so right how quickly can you get your stuffing oh yeah yeah
can you get your stuffing oh yeah yeah
can you get your stuffing oh yeah yeah but it’s a good it’s a good it’s a good
but it’s a good it’s a good it’s a good
but it’s a good it’s a good it’s a good follow-up question great and say hi to
follow-up question great and say hi to
follow-up question great and say hi to the prince in the Middle East or I look
alright next question nila nila asks Oh
alright next question nila nila asks Oh Neela 16 year old run we get the love
Neela 16 year old run we get the love
Neela 16 year old run we get the love only get these young entrepreneurs yes
only get these young entrepreneurs yes
only get these young entrepreneurs yes you limit and he says he needs money
you limit and he says he needs money
you limit and he says he needs money whoa referred to I don’t know that I
whoa referred to I don’t know that I
whoa referred to I don’t know that I have much else to say I have gone over
have much else to say I have gone over
have much else to say I have gone over well let’s see what else what else is he
well let’s see what else what else is he
well let’s see what else what else is he saying ‘let’s yes okay he’s 16 year old
saying ‘let’s yes okay he’s 16 year old
saying ‘let’s yes okay he’s 16 year old he needs money to fund his racing career
he needs money to fund his racing career
he needs money to fund his racing career he’s a car racer and so he basically
he’s a car racer and so he basically
he’s a car racer and so he basically well a couple of things this is this is
well a couple of things this is this is
well a couple of things this is this is cool because he’s saying first number
cool because he’s saying first number
cool because he’s saying first number one how can i make money online and he’s
one how can i make money online and he’s
one how can i make money online and he’s talking about like 200 euros a month he
talking about like 200 euros a month he
talking about like 200 euros a month he needs to make to do it himself so this
needs to make to do it himself so this
needs to make to do it himself so this is cool he really wants to you know
is cool he really wants to you know
is cool he really wants to you know bootstrap and
bootstrap and
bootstrap and the money himself but he’s asking you
the money himself but he’s asking you
the money himself but he’s asking you know give anything in terms any feedback
know give anything in terms any feedback
know give anything in terms any feedback in terms of online how can you make
in terms of online how can you make
in terms of online how can you make money online we’ll start with that
money online we’ll start with that
money online we’ll start with that question first it’s funny because when
question first it’s funny because when
question first it’s funny because when you watch youtube as much as I do
you watch youtube as much as I do
you watch youtube as much as I do there’s so many they seem super scan me
there’s so many they seem super scan me
there’s so many they seem super scan me to me but there’s just so many people
to me but there’s just so many people
to me but there’s just so many people constantly offering you know make all
constantly offering you know make all
constantly offering you know make all this money online and so the first thing
this money online and so the first thing
this money online and so the first thing that I would just say is be wary of
that I would just say is be wary of
that I would just say is be wary of things that you might see as ways to
things that you might see as ways to
things that you might see as ways to make a lot of money fast online because
make a lot of money fast online because
make a lot of money fast online because there’s just so many weird stuff out
there’s just so many weird stuff out
there’s just so many weird stuff out there but yeah there’s a lot of really
there but yeah there’s a lot of really
there but yeah there’s a lot of really just great I might want to check out the
just great I might want to check out the
just great I might want to check out the website it’s cold well flex jobs com
website it’s cold well flex jobs com
website it’s cold well flex jobs com it’s a great website you might want to
it’s a great website you might want to
it’s a great website you might want to check out as well as the website that
check out as well as the website that
check out as well as the website that any hoarder dot-com is another website
any hoarder dot-com is another website
any hoarder dot-com is another website in terms of ways that you can make money
in terms of ways that you can make money
in terms of ways that you can make money online that are flexible and can work
online that are flexible and can work
online that are flexible and can work with you know it looks like you’re
with you know it looks like you’re
with you know it looks like you’re racing career is your priority so you
racing career is your priority so you
racing career is your priority so you really might want to check there because
really might want to check there because
really might want to check there because they have a lot of great resources for
they have a lot of great resources for
they have a lot of great resources for how you can make money online flexible
how you can make money online flexible
how you can make money online flexible your own hours and they actually also
your own hours and they actually also
your own hours and they actually also give a lot of companies that are
give a lot of companies that are
give a lot of companies that are reputable that you know are not scammy
reputable that you know are not scammy
reputable that you know are not scammy that you know you know you’re going to
that you know you know you’re going to
that you know you know you’re going to have legitimate work and so yeah I
have legitimate work and so yeah I
have legitimate work and so yeah I suggest starting with those two website
suggest starting with those two website
suggest starting with those two website so twice jobs com and then it’s pending
so twice jobs com and then it’s pending
so twice jobs com and then it’s pending order the penny hoarder h/o a rde are
order the penny hoarder h/o a rde are
order the penny hoarder h/o a rde are calm what do you think on that online
calm what do you think on that online
calm what do you think on that online making money online game is like 200
making money online game is like 200
making money online game is like 200 years a month any suggestion is there so
years a month any suggestion is there so
years a month any suggestion is there so that’s not that the just summarize again
that’s not that the just summarize again
that’s not that the just summarize again he I just got a keyless oven right
he I just got a keyless oven right
he I just got a keyless oven right I’m doing stuff my whole team is
I’m doing stuff my whole team is
I’m doing stuff my whole team is freaking out on me that I’m not helping
freaking out on me that I’m not helping
freaking out on me that I’m not helping you lay off although one guy is being
you lay off although one guy is being
you lay off although one guy is being very supportive so we’ll see he’ll see
very supportive so we’ll see he’ll see
very supportive so we’ll see he’ll see how it goes we are still winning uh he
how it goes we are still winning uh he
how it goes we are still winning uh he wants to race car driver here’s some of
wants to race car driver here’s some of
wants to race car driver here’s some of the money to do it and he wants an
the money to do it and he wants an
the money to do it and he wants an online job to help him raise money to
online job to help him raise money to
online job to help him raise money to support his passions at it part of what
support his passions at it part of what
support his passions at it part of what he wants to do yeah and he does want to
he wants to do yeah and he does want to
he wants to do yeah and he does want to there’s another part of the question but
there’s another part of the question but
there’s another part of the question but yeah the first thing he wants to know is
yeah the first thing he wants to know is
yeah the first thing he wants to know is how can he make money online and he
how can he make money online and he
how can he make money online and he needs to make 200 euros a month ah I
needs to make 200 euros a month ah I
needs to make 200 euros a month ah I hate the idea of doing something just to
hate the idea of doing something just to
hate the idea of doing something just to make money mm what I would what I would
make money mm what I would what I would
make money mm what I would what I would suggest is I would be looking fit were
suggest is I would be looking fit were
suggest is I would be looking fit were me I would be looking at how can I do
me I would be looking at how can I do
me I would be looking at how can I do something that’s within the realm of
something that’s within the realm of
something that’s within the realm of what I’m interested in how can I build
what I’m interested in how can I build
what I’m interested in how can I build up momentum for my racing career and
up momentum for my racing career and
up momentum for my racing career and give value for my racing career and turn
give value for my racing career and turn
give value for my racing career and turn that into something helpful and
that into something helpful and
that into something helpful and interesting so if I was trying to find a
interesting so if I was trying to find a
interesting so if I was trying to find a way to make money it would still be
way to make money it would still be
way to make money it would still be within the racing industry I wouldn’t
within the racing industry I wouldn’t
within the racing industry I wouldn’t try to just sell info products or you
try to just sell info products or you
try to just sell info products or you know do something totally unrelated I
know do something totally unrelated I
know do something totally unrelated I try to keep it within an industry where
try to keep it within an industry where
try to keep it within an industry where I can build momentum so a couple things
I can build momentum so a couple things
I can build momentum so a couple things one you know doesn’t even have to be
one you know doesn’t even have to be
one you know doesn’t even have to be your own business can you go work at
your own business can you go work at
your own business can you go work at another race at the racetrack or for
another race at the racetrack or for
another race at the racetrack or for another team and while you’re doing that
another team and while you’re doing that
another team and while you’re doing that you’re you’re making money but also
you’re you’re making money but also
you’re you’re making money but also gaining experience getting contact
gaining experience getting contact
gaining experience getting contact understanding how the industry works all
understanding how the industry works all
understanding how the industry works all of that fun stuff can you document your
of that fun stuff can you document your
of that fun stuff can you document your journey and make a youtube channel about
journey and make a youtube channel about
journey and make a youtube channel about how you’re trying to become a racecar
how you’re trying to become a racecar
how you’re trying to become a racecar driver and the ups and the downs and the
driver and the ups and the downs and the
driver and the ups and the downs and the struggles and the triumphs and all of
struggles and the triumphs and all of
struggles and the triumphs and all of that stuff to you know let people in and
that stuff to you know let people in and
that stuff to you know let people in and what you’re doing just like I did behind
what you’re doing just like I did behind
what you’re doing just like I did behind the scenes with my book can you provide
the scenes with my book can you provide
the scenes with my book can you provide some kind of can you reach out to to
some kind of can you reach out to to
some kind of can you reach out to to potential sponsors like who are the
potential sponsors like who are the
potential sponsors like who are the people who are sponsoring racecar
people who are sponsoring racecar
people who are sponsoring racecar drivers are you
drivers are you
drivers are you are you winning now are you you know do
are you winning now are you you know do
are you winning now are you you know do you provide enough value right now are
you provide enough value right now are
you provide enough value right now are ready to potential sponsors that would
ready to potential sponsors that would
ready to potential sponsors that would be interesting for them there’s a lot of
be interesting for them there’s a lot of
be interesting for them there’s a lot of different ways to skin that cat but I
different ways to skin that cat but I
different ways to skin that cat but I would make sure that I’m spending my
would make sure that I’m spending my
would make sure that I’m spending my time with in the world of racing and not
time with in the world of racing and not
time with in the world of racing and not try to do something totally outside of
try to do something totally outside of
try to do something totally outside of it because if that’s your ultimate goal
it because if that’s your ultimate goal
it because if that’s your ultimate goal then everything that you’re doing well
then everything that you’re doing well
then everything that you’re doing well will ultimately help your racecar career
will ultimately help your racecar career
will ultimately help your racecar career as opposed to doing something totally
as opposed to doing something totally
as opposed to doing something totally unrelated mmm you know ask you for a lot
unrelated mmm you know ask you for a lot
unrelated mmm you know ask you for a lot to like you can get a part-time job
to like you can get a part-time job
to like you can get a part-time job doing that it’s not I guess he’s still
doing that it’s not I guess he’s still
doing that it’s not I guess he’s still has school and everything else but it
has school and everything else but it
has school and everything else but it may not have to be like if it’s just
may not have to be like if it’s just
may not have to be like if it’s just making money you’ll make more short-term
making money you’ll make more short-term
making money you’ll make more short-term money working for somebody else then
money working for somebody else then
money working for somebody else then trying to do your own business if your
trying to do your own business if your
trying to do your own business if your goal is 200 euro a month you can get
goal is 200 euro a month you can get
goal is 200 euro a month you can get that working in the racing industry
that working in the racing industry
that working in the racing industry somehow as a part-time job and you’ll
somehow as a part-time job and you’ll
somehow as a part-time job and you’ll learn and make connections and building
learn and make connections and building
learn and make connections and building girl if you’re building your own
girl if you’re building your own
girl if you’re building your own business like doing a YouTube channel or
business like doing a YouTube channel or
business like doing a YouTube channel or whatever it is then that can also work
whatever it is then that can also work
whatever it is then that can also work it’s a bit of a longer term commitment
it’s a bit of a longer term commitment
it’s a bit of a longer term commitment though mmhmm yeah those are my thoughts
though mmhmm yeah those are my thoughts
though mmhmm yeah those are my thoughts I’m excited I love it I love the involve
I’m excited I love it I love the involve
I’m excited I love it I love the involve and i love it i love worries renovated
and i love it i love worries renovated
and i love it i love worries renovated absolutely you mentioned sponsors which
absolutely you mentioned sponsors which
absolutely you mentioned sponsors which she was kind of part of his next
she was kind of part of his next
she was kind of part of his next question because he when he moves into
question because he when he moves into
question because he when he moves into higher divisions of racing he does plan
higher divisions of racing he does plan
higher divisions of racing he does plan to try to attract potential sponsors so
to try to attract potential sponsors so
to try to attract potential sponsors so even if you were someone who would be a
even if you were someone who would be a
even if you were someone who would be a potential sponsor like what what would
potential sponsor like what what would
potential sponsor like what what would attract you to want to sponsor someone
attract you to want to sponsor someone
attract you to want to sponsor someone to just go back to all the things that
to just go back to all the things that
to just go back to all the things that we talked about in terms of the
we talked about in terms of the
we talked about in terms of the investors what should how can he
investors what should how can he
investors what should how can he positioned himself to really attract
positioned himself to really attract
positioned himself to really attract sponsors when he does do that I just
sponsors when he does do that I just
sponsors when he does do that I just died very sad
died very sad
died very sad oh very sad um yeah it is its size it’s
oh very sad um yeah it is its size it’s
oh very sad um yeah it is its size it’s sad guys at all time it’s very sad it’s
sad guys at all time it’s very sad it’s
sad guys at all time it’s very sad it’s sad when I die so whatta sponsors want
sad when I die so whatta sponsors want
sad when I die so whatta sponsors want sponsors what sponsors want attention
sponsors what sponsors want attention
sponsors what sponsors want attention sponsors want awareness so do you have
sponsors want awareness so do you have
sponsors want awareness so do you have that like are you winning right sponsors
that like are you winning right sponsors
that like are you winning right sponsors want to be part of a winning team are
want to be part of a winning team are
want to be part of a winning team are you offering any other kind of value
you offering any other kind of value
you offering any other kind of value like are you doing if you had your
like are you doing if you had your
like are you doing if you had your YouTube channel for example right I get
YouTube channel for example right I get
YouTube channel for example right I get sponsors for my youtube channel because
sponsors for my youtube channel because
sponsors for my youtube channel because I can give them awareness so what’s the
I can give them awareness so what’s the
I can give them awareness so what’s the equivalent for what you are trying to do
equivalent for what you are trying to do
equivalent for what you are trying to do how can you give them that extra kind of
how can you give them that extra kind of
how can you give them that extra kind of awareness but at the end of the dates
awareness but at the end of the dates
awareness but at the end of the dates what what the traditional path is
what what the traditional path is
what what the traditional path is winning the more you win the more
winning the more you win the more
winning the more you win the more sponsors will come to you and be
sponsors will come to you and be
sponsors will come to you and be interested there’s already some people
interested there’s already some people
interested there’s already some people who are in the racing industry and do
who are in the racing industry and do
who are in the racing industry and do these kinds of sponsorships and we’re
these kinds of sponsorships and we’re
these kinds of sponsorships and we’re already be attuned to your message and
already be attuned to your message and
already be attuned to your message and what you’re trying to do so those are
what you’re trying to do so those are
what you’re trying to do so those are great starts I hate trying to convince
great starts I hate trying to convince
great starts I hate trying to convince somebody of something new that they’re
somebody of something new that they’re
somebody of something new that they’re not already on board with so like if
not already on board with so like if
not already on board with so like if somebody wanted to deal with
somebody wanted to deal with
somebody wanted to deal with entrepreneurs but they’ve never worked
entrepreneurs but they’ve never worked
entrepreneurs but they’ve never worked with any other advertising or youtuber
with any other advertising or youtuber
with any other advertising or youtuber influencer it’s harder there’s a lot of
influencer it’s harder there’s a lot of
influencer it’s harder there’s a lot of there’s a lot of Education and if there
there’s a lot of Education and if there
there’s a lot of Education and if there if somebody is already in the game it’s
if somebody is already in the game it’s
if somebody is already in the game it’s a lot easier to get them on board so I’d
a lot easier to get them on board so I’d
a lot easier to get them on board so I’d be looking at who is already coming
be looking at who is already coming
be looking at who is already coming who’s already sponsoring other race
who’s already sponsoring other race
who’s already sponsoring other race drivers just especially close to your
drivers just especially close to your
drivers just especially close to your your size like not NASCAR but whatever
your size like not NASCAR but whatever
your size like not NASCAR but whatever the circuit is that your racing app
the circuit is that your racing app
the circuit is that your racing app right who’s already sponsoring those
right who’s already sponsoring those
right who’s already sponsoring those guys and then how can you reach out to
guys and then how can you reach out to
guys and then how can you reach out to them and can you get them enough value
them and can you get them enough value
them and can you get them enough value so again they want to win that’s ideally
so again they want to win that’s ideally
so again they want to win that’s ideally what they want but if not do you have
what they want but if not do you have
what they want but if not do you have another way to generate attention are
another way to generate attention are
another way to generate attention are you big on Instagram and mentioning them
you big on Instagram and mentioning them
you big on Instagram and mentioning them gets them a lot of exposure even if
gets them a lot of exposure even if
gets them a lot of exposure even if you’re not like I eat so for example I
you’re not like I eat so for example I
you’re not like I eat so for example I look at legal
look at legal
look at legal instances with what we’re playing now
instances with what we’re playing now
instances with what we’re playing now there are some guys who whose stream
there are some guys who whose stream
there are some guys who whose stream like I am right now but they’re actually
like I am right now but they’re actually
like I am right now but they’re actually good at the game you know and and they
good at the game you know and and they
good at the game you know and and they get they get a lot of attention and they
get they get a lot of attention and they
get they get a lot of attention and they get sponsors right they’re documenting
get sponsors right they’re documenting
get sponsors right they’re documenting their journey their process so there’s
their journey their process so there’s
their journey their process so there’s also like entering competitions and
also like entering competitions and
also like entering competitions and trying to win but some of the people you
trying to win but some of the people you
trying to win but some of the people you watch because they’re good right some of
watch because they’re good right some of
watch because they’re good right some of the people you watch is because they’re
the people you watch is because they’re
the people you watch is because they’re entertaining this is guy sky who is not
entertaining this is guy sky who is not
entertaining this is guy sky who is not a very good player but he’s really funny
a very good player but he’s really funny
a very good player but he’s really funny and so he makes videos and it supports
and so he makes videos and it supports
and so he makes videos and it supports his his you know business I forget how
his his you know business I forget how
his his you know business I forget how many subscribers he has I think it’s
many subscribers he has I think it’s
many subscribers he has I think it’s closing in on a million i want to see
closing in on a million i want to see
closing in on a million i want to see his closing out a million so he’s got a
his closing out a million so he’s got a
his closing out a million so he’s got a base but he’s not very good like you can
base but he’s not very good like you can
base but he’s not very good like you can you could generate attention and
you could generate attention and
you could generate attention and awareness without being good at what
awareness without being good at what
awareness without being good at what you’re doing in terms of skill but he’s
you’re doing in terms of skill but he’s
you’re doing in terms of skill but he’s just he’s just funny and so that’s an
just he’s just funny and so that’s an
just he’s just funny and so that’s an option so you just need to basically
option so you just need to basically
option so you just need to basically find a way to provide value to just like
find a way to provide value to just like
find a way to provide value to just like everything else right you got to provide
everything else right you got to provide
everything else right you got to provide value to your audience and oh I killed
value to your audience and oh I killed
value to your audience and oh I killed somebody and I’m gonna die am I gonna
somebody and I’m gonna die am I gonna
somebody and I’m gonna die am I gonna die I died I got two kills and I died so
die I died I got two kills and I died so
die I died I got two kills and I died so that’s pretty good woot no a two-foot
that’s pretty good woot no a two-foot
that’s pretty good woot no a two-foot one is good two for one is good um yeah
one is good two for one is good um yeah
one is good two for one is good um yeah so that’s it but but exciting and the
so that’s it but but exciting and the
so that’s it but but exciting and the more you do you’re probably one haha the
more you do you’re probably one haha the
more you do you’re probably one haha the morning the more you do your your side
morning the more you do your your side
morning the more you do your your side hustle right like how you’re raising
hustle right like how you’re raising
hustle right like how you’re raising money the more you can keep that within
money the more you can keep that within
money the more you can keep that within your industry then the more options you
your industry then the more options you
your industry then the more options you have when you’re trying to sell
have when you’re trying to sell
have when you’re trying to sell something
something
something because you have more attention great
because you have more attention great
because you have more attention great point yeah cool so we’ve got a this is a
point yeah cool so we’ve got a this is a
point yeah cool so we’ve got a this is a little bit of an interruption from the
little bit of an interruption from the
little bit of an interruption from the questions because I just it says this is
questions because I just it says this is
questions because I just it says this is from Jorge and he says hello and then I
from Jorge and he says hello and then I
from Jorge and he says hello and then I hope you are good are you good that’s a
hope you are good are you good that’s a
hope you are good are you good that’s a good one to end on Jorge I’m good I’m
good one to end on Jorge I’m good I’m
good one to end on Jorge I’m good I’m feeling good I was tired I had four
feeling good I was tired I had four
feeling good I was tired I had four hours sleep I called Rishi she answered
hours sleep I called Rishi she answered
hours sleep I called Rishi she answered the phone saying believe which was
the phone saying believe which was
the phone saying believe which was exciting we got into a game we answered
exciting we got into a game we answered
exciting we got into a game we answered a lot of raising capital questions
a lot of raising capital questions
a lot of raising capital questions hopefully help some entrepreneurs I am
hopefully help some entrepreneurs I am
hopefully help some entrepreneurs I am good how ru Rishi I am great i am doing
good how ru Rishi I am great i am doing
good how ru Rishi I am great i am doing fabulous this is always so fun and then
fabulous this is always so fun and then
fabulous this is always so fun and then thanks for having me alright well that’s
thanks for having me alright well that’s
thanks for having me alright well that’s it for this session thank you guys for
it for this session thank you guys for
it for this session thank you guys for for watching Thank You Rishi for
for watching Thank You Rishi for
for watching Thank You Rishi for co-hosting you can check her channel in
co-hosting you can check her channel in
co-hosting you can check her channel in the description when this thing goes
the description when this thing goes
the description when this thing goes live on youtube and we will see you soon
live on youtube and we will see you soon
live on youtube and we will see you soon on a future episode and then you can
on a future episode and then you can
on a future episode and then you can believe that’s it take care guys a bye
”
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