hi I’m Evan Carmichael welcome to another edition of ask Evan this is a
another edition of ask Evan this is a
another edition of ask Evan this is a special edition brought to you by Telus
special edition brought to you by Telus
special edition brought to you by Telus ox business they’ve launched a new
ox business they’ve launched a new
ox business they’ve launched a new contest with the global mail where
contest with the global mail where
contest with the global mail where they’re giving away a hundred thousand
they’re giving away a hundred thousand
they’re giving away a hundred thousand dollars to a Canadian entrepreneur if
dollars to a Canadian entrepreneur if
dollars to a Canadian entrepreneur if you want to interview a chance to win
you want to interview a chance to win
you want to interview a chance to win you can go to the global mail com / the
you can go to the global mail com / the
you can go to the global mail com / the challenge so today I’m going to answer
challenge so today I’m going to answer
challenge so today I’m going to answer question from one of our Telus talks
question from one of our Telus talks
question from one of our Telus talks business readers Liz who wants to start
business readers Liz who wants to start
business readers Liz who wants to start a business but is scared and one of my
a business but is scared and one of my
a business but is scared and one of my advice on how to get started and
advice on how to get started and
advice on how to get started and overcome that fear so there’s a couple
overcome that fear so there’s a couple
overcome that fear so there’s a couple things for you to keep in mind the first
things for you to keep in mind the first
things for you to keep in mind the first why you starting your business and I try
why you starting your business and I try
why you starting your business and I try to get excited about it so why is it
to get excited about it so why is it
to get excited about it so why is it that you want to start that business
that you want to start that business
that you want to start that business what are you really excited about what
what are you really excited about what
what are you really excited about what are you passionate about who do you
are you passionate about who do you
are you passionate about who do you think you can help where do you thinking
think you can help where do you thinking
think you can help where do you thinking that a lot of value to and let that fuel
that a lot of value to and let that fuel
that a lot of value to and let that fuel your excitement right you should be
your excitement right you should be
your excitement right you should be excited to wake up every day and want to
excited to wake up every day and want to
excited to wake up every day and want to do something with your business if it’s
do something with your business if it’s
do something with your business if it’s something just to make money and doesn’t
something just to make money and doesn’t
something just to make money and doesn’t really interest you then maybe you
really interest you then maybe you
really interest you then maybe you should look for a different opportunity
should look for a different opportunity
should look for a different opportunity that you can get more excited about so
that you can get more excited about so
that you can get more excited about so if you look at every famous successful
if you look at every famous successful
if you look at every famous successful entrepreneur they had that burning fire
entrepreneur they had that burning fire
entrepreneur they had that burning fire inside of them to want to start that
inside of them to want to start that
inside of them to want to start that business because they had a passion for
business because they had a passion for
business because they had a passion for what they were doing so let that feel
what they were doing so let that feel
what they were doing so let that feel you and let that get you excited and
you and let that get you excited and
you and let that get you excited and want to want to move forward with your
want to want to move forward with your
want to want to move forward with your company the next thing to kind of reduce
company the next thing to kind of reduce
company the next thing to kind of reduce the the risk and the fear is start part
the the risk and the fear is start part
the the risk and the fear is start part time you don’t have to start full-time
time you don’t have to start full-time
time you don’t have to start full-time quit whatever job and income source you
quit whatever job and income source you
quit whatever job and income source you have right now start on a part-time
have right now start on a part-time
have right now start on a part-time basis start for one hour a day you know
basis start for one hour a day you know
basis start for one hour a day you know start on a small scale let momentum
start on a small scale let momentum
start on a small scale let momentum build up let you you know start to get
build up let you you know start to get
build up let you you know start to get excited again about why you’re doing
excited again about why you’re doing
excited again about why you’re doing this business let some customers upset
this business let some customers upset
this business let some customers upset you start coming in start talking to
you start coming in start talking to
you start coming in start talking to people you know get that momentum going
people you know get that momentum going
people you know get that momentum going with your business it’s better to do
with your business it’s better to do
with your business it’s better to do something on an ongoing basis even if
something on an ongoing basis even if
something on an ongoing basis even if it’s as as little as one hour day just
it’s as as little as one hour day just
it’s as as little as one hour day just to start building up some momentum with
to start building up some momentum with
to start building up some momentum with your company and that fuels you to want
your company and that fuels you to want
your company and that fuels you to want to keep going so you don’t have to start
to keep going so you don’t have to start
to keep going so you don’t have to start full time start part-time talk to your
full time start part-time talk to your
full time start part-time talk to your customers get close to them make sure
customers get close to them make sure
customers get close to them make sure you’re building a product or service
you’re building a product or service
you’re building a product or service that really help solve their problems
that really help solve their problems
that really help solve their problems and continue to building around that the
and continue to building around that the
and continue to building around that the last part again to also make sure you’re
last part again to also make sure you’re
last part again to also make sure you’re reducing your risk is don’t spend money
reducing your risk is don’t spend money
reducing your risk is don’t spend money in till you’re making money whatever
in till you’re making money whatever
in till you’re making money whatever business you’re in usually don’t have to
business you’re in usually don’t have to
business you’re in usually don’t have to spend a lot of mine
spend a lot of mine
spend a lot of mine to get it started and you can start
to get it started and you can start
to get it started and you can start especially if you’re doing a service
especially if you’re doing a service
especially if you’re doing a service type of based business the only amount
type of based business the only amount
type of based business the only amount that you have to invest is your time and
that you have to invest is your time and
that you have to invest is your time and I encourage entrepreneurs not to focus
I encourage entrepreneurs not to focus
I encourage entrepreneurs not to focus on how much resources you have but how
on how much resources you have but how
on how much resources you have but how resourceful you can be and that’s going
resourceful you can be and that’s going
resourceful you can be and that’s going to be what determines your success so
to be what determines your success so
to be what determines your success so don’t start spend a lot of money that’s
don’t start spend a lot of money that’s
don’t start spend a lot of money that’s what’s scary right you’re going to lose
what’s scary right you’re going to lose
what’s scary right you’re going to lose whatever nest egg you built up for
whatever nest egg you built up for
whatever nest egg you built up for yourself spend a lot of time building it
yourself spend a lot of time building it
yourself spend a lot of time building it up talking to customers getting close to
up talking to customers getting close to
up talking to customers getting close to them understanding their pain point
them understanding their pain point
them understanding their pain point seeing where you might be able to help
seeing where you might be able to help
seeing where you might be able to help and then as money starts coming in from
and then as money starts coming in from
and then as money starts coming in from small sales that you’re able to make
small sales that you’re able to make
small sales that you’re able to make then you can invest that back into your
then you can invest that back into your
then you can invest that back into your business and you have cash flow to start
business and you have cash flow to start
business and you have cash flow to start supporting your company and eventually
supporting your company and eventually
supporting your company and eventually you can get to the point where you can
you can get to the point where you can
you can get to the point where you can quit whatever job you have whatever
quit whatever job you have whatever
quit whatever job you have whatever other income sources you have to take up
other income sources you have to take up
other income sources you have to take up your time to focus on your own company
your time to focus on your own company
your time to focus on your own company so get excited about what you’re doing
so get excited about what you’re doing
so get excited about what you’re doing let that fuel you let that kind of get
let that fuel you let that kind of get
let that fuel you let that kind of get you going get your juices pumped up to
you going get your juices pumped up to
you going get your juices pumped up to want to get that business launched
want to get that business launched
want to get that business launched remember you don’t have to start full
remember you don’t have to start full
remember you don’t have to start full time you can start on a part-time basis
time you can start on a part-time basis
time you can start on a part-time basis and don’t spend a lot of money don’t
and don’t spend a lot of money don’t
and don’t spend a lot of money don’t spend until you’re making money try to
spend until you’re making money try to
spend until you’re making money try to focus on making that money first before
focus on making that money first before
focus on making that money first before you start letting the flow out of your
you start letting the flow out of your
you start letting the flow out of your wall because anybody can spend but not
wall because anybody can spend but not
wall because anybody can spend but not everybody can earn so that should be
everybody can earn so that should be
everybody can earn so that should be your focus hopefully you guys like the
your focus hopefully you guys like the
your focus hopefully you guys like the video if you did please give it a thumbs
video if you did please give it a thumbs
video if you did please give it a thumbs up if you have other questions or other
up if you have other questions or other
up if you have other questions or other comments for Liz it’d be great to see it
comments for Liz it’d be great to see it
comments for Liz it’d be great to see it in the comments below and again if
in the comments below and again if
in the comments below and again if you’re Canadian entrepreneur who wants
you’re Canadian entrepreneur who wants
you’re Canadian entrepreneur who wants to enter the contest to win a hundred
to enter the contest to win a hundred
to enter the contest to win a hundred thousand dollars go to the bill mail com
thousand dollars go to the bill mail com
thousand dollars go to the bill mail com / the challenge I’m one of the judges so
/ the challenge I’m one of the judges so
/ the challenge I’m one of the judges so hopefully we’ll see you there thank you
hopefully we’ll see you there thank you
hopefully we’ll see you there thank you and stay tuned for next episode
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