hi I’m Evan Carmichael and welcome to entrepreneur mastery today I want to
entrepreneur mastery today I want to
entrepreneur mastery today I want to talk about how to choose the right
talk about how to choose the right
talk about how to choose the right business idea before getting started
business idea before getting started
business idea before getting started though I wanted to have a quick word
though I wanted to have a quick word
though I wanted to have a quick word about failure most entrepreneurs fail if
about failure most entrepreneurs fail if
about failure most entrepreneurs fail if you look at the stats something like
you look at the stats something like
you look at the stats something like eighty percent of new entrepreneurs fail
eighty percent of new entrepreneurs fail
eighty percent of new entrepreneurs fail within the first couple years of
within the first couple years of
within the first couple years of starting their business and that’s a
starting their business and that’s a
starting their business and that’s a huge number it doesn’t mean you’re bad
huge number it doesn’t mean you’re bad
huge number it doesn’t mean you’re bad entrepreneur chances are it’s a bad idea
entrepreneur chances are it’s a bad idea
entrepreneur chances are it’s a bad idea and so with this presentation today I
and so with this presentation today I
and so with this presentation today I want to walk you through the steps that
want to walk you through the steps that
want to walk you through the steps that you need to take to pick the winning
you need to take to pick the winning
you need to take to pick the winning business idea if you failed in the past
business idea if you failed in the past
business idea if you failed in the past don’t let that stop you some of the
don’t let that stop you some of the
don’t let that stop you some of the world’s most famous entrepreneurs failed
world’s most famous entrepreneurs failed
world’s most famous entrepreneurs failed when they first got started and it was
when they first got started and it was
when they first got started and it was until they hit on their winning business
until they hit on their winning business
until they hit on their winning business idea that they got to success so bear
idea that they got to success so bear
idea that they got to success so bear with me we’re gonna have some fun today
with me we’re gonna have some fun today
with me we’re gonna have some fun today here’s a classic example Milton Hershey
here’s a classic example Milton Hershey
here’s a classic example Milton Hershey so dedicated entrepreneur was working
so dedicated entrepreneur was working
so dedicated entrepreneur was working 14-hour days he started off in the
14-hour days he started off in the
14-hour days he started off in the caramel business so he started in
caramel business so he started in
caramel business so he started in Philadelphia his hometown started his
Philadelphia his hometown started his
Philadelphia his hometown started his business would make caramels overnight
business would make caramels overnight
business would make caramels overnight and then sell them during the day the
and then sell them during the day the
and then sell them during the day the business did okay but then he couldn’t
business did okay but then he couldn’t
business did okay but then he couldn’t make his payments it ultimately failed
make his payments it ultimately failed
make his payments it ultimately failed so moved to Denver started the same
so moved to Denver started the same
so moved to Denver started the same business up again same story failed he
business up again same story failed he
business up again same story failed he moved to Chicago same story failed who
moved to Chicago same story failed who
moved to Chicago same story failed who the New Orleans same story and then he
the New Orleans same story and then he
the New Orleans same story and then he moved in New York and finally after
moved in New York and finally after
moved in New York and finally after giving it a try in New York one day a
giving it a try in New York one day a
giving it a try in New York one day a bunch of kids stole all his inventory he
bunch of kids stole all his inventory he
bunch of kids stole all his inventory he was out of money he failed again so here
was out of money he failed again so here
was out of money he failed again so here was a dedicated entrepreneur you know he
was a dedicated entrepreneur you know he
was a dedicated entrepreneur you know he was really working at it wasn’t for lack
was really working at it wasn’t for lack
was really working at it wasn’t for lack of effort tried in five different cities
of effort tried in five different cities
of effort tried in five different cities the same concept and it didn’t work and
the same concept and it didn’t work and
the same concept and it didn’t work and then he thought to himself you know
then he thought to himself you know
then he thought to himself you know maybe caramels that’s not a winning
maybe caramels that’s not a winning
maybe caramels that’s not a winning business idea maybe there’s something
business idea maybe there’s something
business idea maybe there’s something better that I should be going after and
better that I should be going after and
better that I should be going after and that’s when he discovered chocolate and
that’s when he discovered chocolate and
that’s when he discovered chocolate and the rest is history harvest in Hershey
the rest is history harvest in Hershey
the rest is history harvest in Hershey from her she’s chocolates so you know he
from her she’s chocolates so you know he
from her she’s chocolates so you know he would had the whole systems in place he
would had the whole systems in place he
would had the whole systems in place he just had the wrong business idea from
just had the wrong business idea from
just had the wrong business idea from the start and it was until he switched
the start and it was until he switched
the start and it was until he switched his course to pick a winning business
his course to pick a winning business
his course to pick a winning business idea that I was able to achieve the
idea that I was able to achieve the
idea that I was able to achieve the success that he had so let’s talk about
success that he had so let’s talk about
success that he had so let’s talk about these four steps to success
these four steps to success
these four steps to success and hopefully this will help guide you
and hopefully this will help guide you
and hopefully this will help guide you to create the venture that will make you
to create the venture that will make you
to create the venture that will make you an all star entrepreneur
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