hi I’m Evan Carmichael welcome to other edition of ask Evan in today’s video I’m
edition of ask Evan in today’s video I’m
edition of ask Evan in today’s video I’m going to answer questions from one of my
going to answer questions from one of my
going to answer questions from one of my readers Gemma who wrote in asking one of
readers Gemma who wrote in asking one of
readers Gemma who wrote in asking one of the biggest business pitfalls that you
the biggest business pitfalls that you
the biggest business pitfalls that you can make as an entrepreneur there’s a
can make as an entrepreneur there’s a
can make as an entrepreneur there’s a lot that you can make so I’m going to
lot that you can make so I’m going to
lot that you can make so I’m going to cut a narrow it down to three that
cut a narrow it down to three that
cut a narrow it down to three that hopefully can help you get your business
hopefully can help you get your business
hopefully can help you get your business started the first one is just chasing
started the first one is just chasing
started the first one is just chasing the money and not doing something that
the money and not doing something that
the money and not doing something that you’re really passionate about and this
you’re really passionate about and this
you’re really passionate about and this is a pitfall that a lot of entrepreneurs
is a pitfall that a lot of entrepreneurs
is a pitfall that a lot of entrepreneurs fall into they get seduced by idea of
fall into they get seduced by idea of
fall into they get seduced by idea of making a lot of money think it’s going
making a lot of money think it’s going
making a lot of money think it’s going to be really easy to start whatever
to be really easy to start whatever
to be really easy to start whatever business it is and it’s not it’s tough
business it is and it’s not it’s tough
business it is and it’s not it’s tough entrepreneurship is tough it’s not an
entrepreneurship is tough it’s not an
entrepreneurship is tough it’s not an easy game you’re going to work harder
easy game you’re going to work harder
easy game you’re going to work harder than you’ve ever worked in your life
than you’ve ever worked in your life
than you’ve ever worked in your life you’re gonna you know sometimes wish it
you’re gonna you know sometimes wish it
you’re gonna you know sometimes wish it you just had a full time job instead of
you just had a full time job instead of
you just had a full time job instead of doing your own company but it is really
doing your own company but it is really
doing your own company but it is really rewarding at the end when you can get
rewarding at the end when you can get
rewarding at the end when you can get past that survival point and are able to
past that survival point and are able to
past that survival point and are able to build a company that you can be proud of
build a company that you can be proud of
build a company that you can be proud of but those companies the ones who make it
but those companies the ones who make it
but those companies the ones who make it aren’t the ones we just chasing the
aren’t the ones we just chasing the
aren’t the ones we just chasing the money they do it because they really
money they do it because they really
money they do it because they really love doing what they’re doing they feel
love doing what they’re doing they feel
love doing what they’re doing they feel like they can really help people they
like they can really help people they
like they can really help people they feel like they’re having an impact and
feel like they’re having an impact and
feel like they’re having an impact and they’re making money at the same time
they’re making money at the same time
they’re making money at the same time I’m not asking to be a prophet sorry
I’m not asking to be a prophet sorry
I’m not asking to be a prophet sorry nonprofit and just give all your money
nonprofit and just give all your money
nonprofit and just give all your money away it’s still with you to make money
away it’s still with you to make money
away it’s still with you to make money but the main purpose is to add value to
but the main purpose is to add value to
but the main purpose is to add value to help people and to do something that
help people and to do something that
help people and to do something that you’re really passionate out so that’s
you’re really passionate out so that’s
you’re really passionate out so that’s where I would start start around your
where I would start start around your
where I would start start around your interests that are on something where
interests that are on something where
interests that are on something where you feel you can add a lot of value most
you feel you can add a lot of value most
you feel you can add a lot of value most entrepreneurs don’t do that to just
entrepreneurs don’t do that to just
entrepreneurs don’t do that to just start up for you know a whim or
start up for you know a whim or
start up for you know a whim or something to think they can make a lot
something to think they can make a lot
something to think they can make a lot of money number two I would say is don’t
of money number two I would say is don’t
of money number two I would say is don’t try to do it without a customer so try
try to do it without a customer so try
try to do it without a customer so try to build your custom try to build your
to build your custom try to build your
to build your custom try to build your product around the customer it’s a great
product around the customer it’s a great
product around the customer it’s a great way to build a business because you have
way to build a business because you have
way to build a business because you have feedback from somebody who’s willing to
feedback from somebody who’s willing to
feedback from somebody who’s willing to pay you to solve their problems soul of
pay you to solve their problems soul of
pay you to solve their problems soul of entrepreneurs start a business because
entrepreneurs start a business because
entrepreneurs start a business because the think a is a great idea and they
the think a is a great idea and they
the think a is a great idea and they spend a lot of money and time and that’s
spend a lot of money and time and that’s
spend a lot of money and time and that’s spinning creating whatever product of
spinning creating whatever product of
spinning creating whatever product of service and then it gets launched and
service and then it gets launched and
service and then it gets launched and nobody buys it or five people by you
nobody buys it or five people by you
nobody buys it or five people by you know you don’t get enough money coming
know you don’t get enough money coming
know you don’t get enough money coming in to keep the business open and you
in to keep the business open and you
in to keep the business open and you look shutting down the better way to do
look shutting down the better way to do
look shutting down the better way to do it is before you start launching your
it is before you start launching your
it is before you start launching your business go and start talking to
business go and start talking to
business go and start talking to potential customers ask them what the
potential customers ask them what the
potential customers ask them what the problems are see if you can solve it for
problems are see if you can solve it for
problems are see if you can solve it for them and try to get them to commit to
them and try to get them to commit to
them and try to get them to commit to buying before you’ve actually created
buying before you’ve actually created
buying before you’ve actually created whatever product or service you’re going
whatever product or service you’re going
whatever product or service you’re going to actually create so that’s a great way
to actually create so that’s a great way
to actually create so that’s a great way to do it you have customer buying you
to do it you have customer buying you
to do it you have customer buying you have money coming in from day one it may
have money coming in from day one it may
have money coming in from day one it may not be exactly what you had in mind from
not be exactly what you had in mind from
not be exactly what you had in mind from the beginning but it’s good because
the beginning but it’s good because
the beginning but it’s good because you’re building around real customer
you’re building around real customer
you’re building around real customer problems and not just you know the idea
problems and not just you know the idea
problems and not just you know the idea that you had in your head the third
that you had in your head the third
that you had in your head the third thing is trying to do it all yourself
thing is trying to do it all yourself
thing is trying to do it all yourself and this is a mistake a lot of
and this is a mistake a lot of
and this is a mistake a lot of entrepreneurs make either because they
entrepreneurs make either because they
entrepreneurs make either because they have trouble troubles delegating or to
have trouble troubles delegating or to
have trouble troubles delegating or to think they could do it all themselves
think they could do it all themselves
think they could do it all themselves you can’t do it on yourself you have to
you can’t do it on yourself you have to
you can’t do it on yourself you have to go and get help and recognize what
go and get help and recognize what
go and get help and recognize what you’re really good at where you add the
you’re really good at where you add the
you’re really good at where you add the most value to your business so then I
most value to your business so then I
most value to your business so then I ask myself all the time as I’m walked
ask myself all the time as I’m walked
ask myself all the time as I’m walked into work is what can I do today that’s
into work is what can I do today that’s
into work is what can I do today that’s gonna add the most value to my business
gonna add the most value to my business
gonna add the most value to my business it’s not certain things that I’m really
it’s not certain things that I’m really
it’s not certain things that I’m really good at sometimes it is but it’s usually
good at sometimes it is but it’s usually
good at sometimes it is but it’s usually the intersection of what I’m good at and
the intersection of what I’m good at and
the intersection of what I’m good at and what I’m really passionate about and
what I’m really passionate about and
what I’m really passionate about and uniquely now I’m able to deliver so what
uniquely now I’m able to deliver so what
uniquely now I’m able to deliver so what is it that you’re able to add the most
is it that you’re able to add the most
is it that you’re able to add the most value to your business and then you know
value to your business and then you know
value to your business and then you know eliminate automator or delegate out
eliminate automator or delegate out
eliminate automator or delegate out everything else with your company and
everything else with your company and
everything else with your company and that’s a process it doesn’t just happen
that’s a process it doesn’t just happen
that’s a process it doesn’t just happen right away with every company but try to
right away with every company but try to
right away with every company but try to figure out what’s so unique about you
figure out what’s so unique about you
figure out what’s so unique about you that will make your company different
that will make your company different
that will make your company different and how can you spend a lot of your time
and how can you spend a lot of your time
and how can you spend a lot of your time on that really important piece and not
on that really important piece and not
on that really important piece and not everything else all the crap that comes
everything else all the crap that comes
everything else all the crap that comes are going into business as well so don’t
are going into business as well so don’t
are going into business as well so don’t try to do it all yourself start on a
try to do it all yourself start on a
try to do it all yourself start on a small scale the first person I hired was
small scale the first person I hired was
small scale the first person I hired was one hour a day save me one hour day to
one hour a day save me one hour day to
one hour a day save me one hour day to go and do other stuff with my business
go and do other stuff with my business
go and do other stuff with my business things that I was really good at there’s
things that I was really good at there’s
things that I was really good at there’s a bunch of free programs you can get
a bunch of free programs you can get
a bunch of free programs you can get with high school interns there’s lots of
with high school interns there’s lots of
with high school interns there’s lots of different ways it’s not about the
different ways it’s not about the
different ways it’s not about the resources you have but more how
resources you have but more how
resources you have but more how resourceful you are so don’t try to do
resourceful you are so don’t try to do
resourceful you are so don’t try to do it yourself and that will help you build
it yourself and that will help you build
it yourself and that will help you build your business so those are three common
your business so those are three common
your business so those are three common pitfalls I hope that helps answer your
pitfalls I hope that helps answer your
pitfalls I hope that helps answer your question good luck as you build your
question good luck as you build your
question good luck as you build your business for those watching if you guys
business for those watching if you guys
business for those watching if you guys liked the video please
liked the video please
liked the video please a thumbs up below it always motivates me
a thumbs up below it always motivates me
a thumbs up below it always motivates me to want to create more of these videos
to want to create more of these videos
to want to create more of these videos and I’d love to hear what you have to
and I’d love to hear what you have to
and I’d love to hear what you have to think you know if you agree with these
think you know if you agree with these
think you know if you agree with these pitfalls or if you have others of your
pitfalls or if you have others of your
pitfalls or if you have others of your own that you want to share please leave
own that you want to share please leave
own that you want to share please leave it in the comments below and we’ll see
it in the comments below and we’ll see
it in the comments below and we’ll see you on the next episode
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