hi I’m Evan Carmichael welcome to the edition of ask Evan today I’m answering
edition of ask Evan today I’m answering
edition of ask Evan today I’m answering a question from one of our Facebook
a question from one of our Facebook
a question from one of our Facebook readers love you guys named Roderick so
readers love you guys named Roderick so
readers love you guys named Roderick so Rodrick wrote insane
Rodrick wrote insane
Rodrick wrote insane hi Evan what are what are businesses the
hi Evan what are what are businesses the
hi Evan what are what are businesses the service businesses that do not require a
service businesses that do not require a
service businesses that do not require a lot of capital can you give me a list in
lot of capital can you give me a list in
lot of capital can you give me a list in the ways
the ways
the ways thank you Robert so thanks for the
thank you Robert so thanks for the
thank you Robert so thanks for the question Roderick if you look at a
question Roderick if you look at a
question Roderick if you look at a service based business almost every
service based business almost every
service based business almost every service based business is a way to start
service based business is a way to start
service based business is a way to start off without a lot of capital because
off without a lot of capital because
off without a lot of capital because you’re starting with your time and
you’re starting with your time and
you’re starting with your time and you’re not investing a lot of money into
you’re not investing a lot of money into
you’re not investing a lot of money into having a location and equipment and
having a location and equipment and
having a location and equipment and vehicles and that kind of stuff I would
vehicles and that kind of stuff I would
vehicles and that kind of stuff I would maybe flip the question on its head
maybe flip the question on its head
maybe flip the question on its head because I want to make sure you approach
because I want to make sure you approach
because I want to make sure you approach it from the right way you don’t want to
it from the right way you don’t want to
it from the right way you don’t want to approach a business just trying to make
approach a business just trying to make
approach a business just trying to make a lot of money so a lot of entrepreneurs
a lot of money so a lot of entrepreneurs
a lot of money so a lot of entrepreneurs they’ll pick up a magazine and say is
they’ll pick up a magazine and say is
they’ll pick up a magazine and say is it’ll say you know the top hundred new
it’ll say you know the top hundred new
it’ll say you know the top hundred new businesses that get into or the cheapest
businesses that get into or the cheapest
businesses that get into or the cheapest businesses to start or the biggest
businesses to start or the biggest
businesses to start or the biggest trends that jump on you’re likely not
trends that jump on you’re likely not
trends that jump on you’re likely not going to have success going up to those
going to have success going up to those
going to have success going up to those businesses what you want to do is chase
businesses what you want to do is chase
businesses what you want to do is chase something that you’re really extremely
something that you’re really extremely
something that you’re really extremely passionate about and that’s gonna be
passionate about and that’s gonna be
passionate about and that’s gonna be something that you have a much greater
something that you have a much greater
something that you have a much greater chance of turning into a profitable and
chance of turning into a profitable and
chance of turning into a profitable and long-term successful company often when
long-term successful company often when
long-term successful company often when you’re just going into a business
you’re just going into a business
you’re just going into a business because it’s trying to make money you
because it’s trying to make money you
because it’s trying to make money you really do and if you look at the most
really do and if you look at the most
really do and if you look at the most successful entrepreneurs in the history
successful entrepreneurs in the history
successful entrepreneurs in the history go back and look at any entrepreneur if
go back and look at any entrepreneur if
go back and look at any entrepreneur if you admire if you look at why they
you admire if you look at why they
you admire if you look at why they started and you look at why they’re
started and you look at why they’re
started and you look at why they’re still doing it now you never see making
still doing it now you never see making
still doing it now you never see making money as a top priority for them they
money as a top priority for them they
money as a top priority for them they are passionate about what they’re doing
are passionate about what they’re doing
are passionate about what they’re doing they’re really excited about changing
they’re really excited about changing
they’re really excited about changing the way their industry works and adding
the way their industry works and adding
the way their industry works and adding a lot of value to the customers that
a lot of value to the customers that
a lot of value to the customers that they’re serving and that’s their primary
they’re serving and that’s their primary
they’re serving and that’s their primary driver and if you’re adding a lot of
driver and if you’re adding a lot of
driver and if you’re adding a lot of value you’re helping a lot of people out
value you’re helping a lot of people out
value you’re helping a lot of people out you’re gonna make money as a byproduct
you’re gonna make money as a byproduct
you’re gonna make money as a byproduct of it so the more you can pour yourself
of it so the more you can pour yourself
of it so the more you can pour yourself your energy your passion your excitement
your energy your passion your excitement
your energy your passion your excitement into your business and into helping your
into your business and into helping your
into your business and into helping your customers then you’re more likely to be
customers then you’re more likely to be
customers then you’re more likely to be a successful long-term so I love the
a successful long-term so I love the
a successful long-term so I love the idea of starting with the service based
idea of starting with the service based
idea of starting with the service based business even if you’re a longer term
business even if you’re a longer term
business even if you’re a longer term goal is to have a product I always like
goal is to have a product I always like
goal is to have a product I always like starting with the service because it
starting with the service because it
starting with the service because it ties you to your customers more you get
ties you to your customers more you get
ties you to your customers more you get better feedback from them
better feedback from them
better feedback from them you have lower overhead and you can
you have lower overhead and you can
you have lower overhead and you can improve your cash flow more quickly and
improve your cash flow more quickly and
improve your cash flow more quickly and then expand to products if that’s your
then expand to products if that’s your
then expand to products if that’s your longer-term goal but in terms of what
longer-term goal but in terms of what
longer-term goal but in terms of what industry to pick I pick something that
industry to pick I pick something that
industry to pick I pick something that you’re really excited about it’s
you’re really excited about it’s
you’re really excited about it’s something you have a lot of passion for
something you have a lot of passion for
something you have a lot of passion for and something where you feel you can add
and something where you feel you can add
and something where you feel you can add a lot of value to your customers we have
a lot of value to your customers we have
a lot of value to your customers we have a worksheet on the site that we sell
a worksheet on the site that we sell
a worksheet on the site that we sell that helps you identify your passion and
that helps you identify your passion and
that helps you identify your passion and figure out how you want to what’s the
figure out how you want to what’s the
figure out how you want to what’s the best way to grow your businesses but
best way to grow your businesses but
best way to grow your businesses but apart from that I’d look at ways look at
apart from that I’d look at ways look at
apart from that I’d look at ways look at things that you’ve done in the past and
things that you’ve done in the past and
things that you’ve done in the past and get you excited look at things that
get you excited look at things that
get you excited look at things that you’ve done where you’ve helped people
you’ve done where you’ve helped people
you’ve done where you’ve helped people out and they’ve said thank you so much
out and they’ve said thank you so much
out and they’ve said thank you so much it’s really helpful a lot of times it’s
it’s really helpful a lot of times it’s
it’s really helpful a lot of times it’s the things that you do naturally things
the things that you do naturally things
the things that you do naturally things you just gifted out and you’re good at
you just gifted out and you’re good at
you just gifted out and you’re good at you enjoy helping people with that you
you enjoy helping people with that you
you enjoy helping people with that you never thought could be turned into a
never thought could be turned into a
never thought could be turned into a business that sometimes make the best
business that sometimes make the best
business that sometimes make the best businesses and so by looking at it that
businesses and so by looking at it that
businesses and so by looking at it that way instead of looking for ways to start
way instead of looking for ways to start
way instead of looking for ways to start a business without spend a lot of money
a business without spend a lot of money
a business without spend a lot of money what are the most low cost businesses
what are the most low cost businesses
what are the most low cost businesses that get started you’ll have a greater
that get started you’ll have a greater
that get started you’ll have a greater chance of success instead of approaching
chance of success instead of approaching
chance of success instead of approaching it from you know what does it keep as
it from you know what does it keep as
it from you know what does it keep as businesses start I go for what am I
businesses start I go for what am I
businesses start I go for what am I really passionate about and what can it
really passionate about and what can it
really passionate about and what can it really help people with and then how can
really help people with and then how can
really help people with and then how can I bootstrap it at the beginning to make
I bootstrap it at the beginning to make
I bootstrap it at the beginning to make it cheap to get started and then I can
it cheap to get started and then I can
it cheap to get started and then I can expand from there if you approach it
expand from there if you approach it
expand from there if you approach it that way you’ll have a much greater
that way you’ll have a much greater
that way you’ll have a much greater chance of success
chance of success
chance of success you’ll make more money you’ll add more
you’ll make more money you’ll add more
you’ll make more money you’ll add more value you have a greater contribution
value you have a greater contribution
value you have a greater contribution and you’ll be happier you know if you do
and you’ll be happier you know if you do
and you’ll be happier you know if you do what you love you’re gonna wake up
what you love you’re gonna wake up
what you love you’re gonna wake up happier a happier entrepreneur then if
happier a happier entrepreneur then if
happier a happier entrepreneur then if you don’t do what you love and running
you don’t do what you love and running
you don’t do what you love and running the business is hard enough as it is you
the business is hard enough as it is you
the business is hard enough as it is you might as well be doing something that
might as well be doing something that
might as well be doing something that you’re excited about to help get you to
you’re excited about to help get you to
you’re excited about to help get you to all the tough times that are ahead so
all the tough times that are ahead so
all the tough times that are ahead so thanks for the question Roderick thanks
thanks for the question Roderick thanks
thanks for the question Roderick thanks for the question with Facebook all your
for the question with Facebook all your
for the question with Facebook all your Facebook guys I appreciate it
Facebook guys I appreciate it
Facebook guys I appreciate it so if you’re watching if you like the
so if you’re watching if you like the
so if you’re watching if you like the video please give it a thumbs up below
video please give it a thumbs up below
video please give it a thumbs up below makes me to do more for you and if you
makes me to do more for you and if you
makes me to do more for you and if you have a comment about this video or
have a comment about this video or
have a comment about this video or question about your own business or
question about your own business or
question about your own business or challenges I’d love to try to help
challenges I’d love to try to help
challenges I’d love to try to help answer for you if you want to leave it
answer for you if you want to leave it
answer for you if you want to leave it in the comment section below thank you
in the comment section below thank you
in the comment section below thank you and I’ll see you in the next episode
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