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Startup Advice for a Real Estate Entrepreneur – Ask Evan


hi I’m Evan Carmichael and welcome to

hi I’m Evan Carmichael and welcome to another edition of ask Evan in today’s

another edition of ask Evan in today’s

another edition of ask Evan in today’s video I’m going to answer questions from

video I’m going to answer questions from

video I’m going to answer questions from one of our readers Newton who asks I’m

one of our readers Newton who asks I’m

one of our readers Newton who asks I’m currently working as an administrative

currently working as an administrative

currently working as an administrative manager however I’ve thought of

manager however I’ve thought of

manager however I’ve thought of concentrating my business on the real

concentrating my business on the real

concentrating my business on the real estate because I own two houses and have

estate because I own two houses and have

estate because I own two houses and have acquired some land for construction I’ve

acquired some land for construction I’ve

acquired some land for construction I’ve always thought I could earn more in my

always thought I could earn more in my

always thought I could earn more in my own business there Wagner network I

own business there Wagner network I

own business there Wagner network I could quit work your advice will always

could quit work your advice will always

could quit work your advice will always help Newton so Newton there’s nothing

help Newton so Newton there’s nothing

help Newton so Newton there’s nothing wrong with starting a business part-time

wrong with starting a business part-time

wrong with starting a business part-time it’s a great way to get started a lot of

it’s a great way to get started a lot of

it’s a great way to get started a lot of entrepreneurs jump headfirst into a new

entrepreneurs jump headfirst into a new

entrepreneurs jump headfirst into a new business the runner for three months run

business the runner for three months run

business the runner for three months run out of momentum run out of energy and

out of momentum run out of energy and

out of momentum run out of energy and have to close down the business and go

have to close down the business and go

have to close down the business and go get another job and what you really have

get another job and what you really have

get another job and what you really have to understand as an entrepreneur is you

to understand as an entrepreneur is you

to understand as an entrepreneur is you need to keep the momentum going and

need to keep the momentum going and

need to keep the momentum going and allow your time to help you build that

allow your time to help you build that

allow your time to help you build that up so it’s better to start a business

up so it’s better to start a business

up so it’s better to start a business part-time do work every day to move that

part-time do work every day to move that

part-time do work every day to move that business board even if it’s just you

business board even if it’s just you

business board even if it’s just you know a couple hours a day and over time

know a couple hours a day and over time

know a couple hours a day and over time that will grow and your chances of being

that will grow and your chances of being

that will grow and your chances of being successful will increase dramatically

successful will increase dramatically

successful will increase dramatically it’s much better than doing it for a

it’s much better than doing it for a

it’s much better than doing it for a couple months full time and then not

couple months full time and then not

couple months full time and then not allowing for your momentum to grow a lot

allowing for your momentum to grow a lot

allowing for your momentum to grow a lot of entrepreneurs will fail usually

of entrepreneurs will fail usually

of entrepreneurs will fail usually because they may not have that great an

because they may not have that great an

because they may not have that great an idea but also because they haven’t

idea but also because they haven’t

idea but also because they haven’t allowed for the momentum to grow and

allowed for the momentum to grow and

allowed for the momentum to grow and they shut their business down to

they shut their business down to

they shut their business down to students because they’ve run out of

students because they’ve run out of

students because they’ve run out of momentum and other money so it’s a great

momentum and other money so it’s a great

momentum and other money so it’s a great way to start if we can do a part time

way to start if we can do a part time

way to start if we can do a part time you have money committing from your job

you have money committing from your job

you have money committing from your job and as you get more confident with your

and as you get more confident with your

and as you get more confident with your business eventually hopefully you’ll be

business eventually hopefully you’ll be

business eventually hopefully you’ll be able to put and do your business

able to put and do your business

able to put and do your business full-time you ask about the real estate

full-time you ask about the real estate

full-time you ask about the real estate business I will always encourage

business I will always encourage

business I will always encourage entrepreneurs when thinking about what

entrepreneurs when thinking about what

entrepreneurs when thinking about what businesses start the follow something

businesses start the follow something

businesses start the follow something they’re super passionate about really

they’re super passionate about really

they’re super passionate about really excited about and can invest tons of

excited about and can invest tons of

excited about and can invest tons of time and energy into it sounds like you

time and energy into it sounds like you

time and energy into it sounds like you really like real estate if you own two

really like real estate if you own two

really like real estate if you own two houses and on a plot of land that you

houses and on a plot of land that you

houses and on a plot of land that you want to build on so I would just make

want to build on so I would just make

want to build on so I would just make sure before you know cleaning too that

sure before you know cleaning too that

sure before you know cleaning too that you’re you’re really excited but real

you’re you’re really excited but real

you’re you’re really excited but real estate you think you can do you know

estate you think you can do you know

estate you think you can do you know invest a lot of time and energy into

invest a lot of time and energy into

invest a lot of time and energy into that and that’s following your heart

that and that’s following your heart

that and that’s following your heart the last bit of advice is if you’re

the last bit of advice is if you’re

the last bit of advice is if you’re gonna have a job as for all

gonna have a job as for all

gonna have a job as for all entrepreneurs if you’re you know

entrepreneurs if you’re you know

entrepreneurs if you’re you know thinking of starting a new business if

thinking of starting a new business if

thinking of starting a new business if you’re if you’re going to take a job try

you’re if you’re going to take a job try

you’re if you’re going to take a job try to take a job that gives you more than

to take a job that gives you more than

to take a job that gives you more than money try to take a job where you can

money try to take a job where you can

money try to take a job where you can learn something from it

learn something from it

learn something from it so look at the job here and now you know

so look at the job here and now you know

so look at the job here and now you know if you’re going to have a job

if you’re going to have a job

if you’re going to have a job try to use something from that job that

try to use something from that job that

try to use something from that job that you can later implement it to put into

you can later implement it to put into

you can later implement it to put into your own business so is there something

your own business so is there something

your own business so is there something from the job you’re you’re in now that

from the job you’re you’re in now that

from the job you’re you’re in now that will help you learn for when you run in

will help you learn for when you run in

will help you learn for when you run in your own business maybe there’s extra

your own business maybe there’s extra

your own business maybe there’s extra roles or responsibilities you can take

roles or responsibilities you can take

roles or responsibilities you can take on to give you that knowledge and to

on to give you that knowledge and to

on to give you that knowledge and to give you the training without you know

give you the training without you know

give you the training without you know wasting your own money on it that can

wasting your own money on it that can

wasting your own money on it that can then help you later build your business

then help you later build your business

then help you later build your business so a quick example of this I have a

so a quick example of this I have a

so a quick example of this I have a really kind of jobs but when I was in

really kind of jobs but when I was in

really kind of jobs but when I was in university I was already running my own

university I was already running my own

university I was already running my own business and I used my courses to help

business and I used my courses to help

business and I used my courses to help me build my business so I created my own

me build my business so I created my own

me build my business so I created my own course in you know small business and

course in you know small business and

course in you know small business and all my marketing assignments all related

all my marketing assignments all related

all my marketing assignments all related around my business that I was currently

around my business that I was currently

around my business that I was currently running so I was able to use the

running so I was able to use the

running so I was able to use the resources of my university to help me

resources of my university to help me

resources of my university to help me plan and grow my business so it’s a

plan and grow my business so it’s a

plan and grow my business so it’s a great way to be able to leverage stuff

great way to be able to leverage stuff

great way to be able to leverage stuff that you’re already doing to help you

that you’re already doing to help you

that you’re already doing to help you you know develop your skills and later

you know develop your skills and later

you know develop your skills and later be able to run your business more

be able to run your business more

be able to run your business more effectively so I hope that helps if you

effectively so I hope that helps if you

effectively so I hope that helps if you guys liked the video please give it a

guys liked the video please give it a

guys liked the video please give it a thumbs up I’d also love to hear feedback

thumbs up I’d also love to hear feedback

thumbs up I’d also love to hear feedback if you want to leave a comment below the

if you want to leave a comment below the

if you want to leave a comment below the video and stay tuned for the next

video and stay tuned for the next

video and stay tuned for the next episode

”

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