7 Common Mistakes That Can Sabotage Your Financial Success

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  • čas přidán 12. 01. 2015
  • ✎ Get free access to our vault of PDF summaries for every CZcams video here: members.evancarmichael.com/vault
    ✎ In today's video, learn 7 costly financial mistakes you need to avoid at all costs. You'll get expert advice on things that you should never do when starting your business!
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Komentáře • 2,3K

  • @jthb
    @jthb Před 6 lety +1245

    Its okay to fail..... But its not okay to quit... Get up and dust it off

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety +13

      That's right! :) #BTA875 Luka

    • @mikesp7029
      @mikesp7029 Před 5 lety +2

      Darth Vader

    • @ebojfmdboojoh4023
      @ebojfmdboojoh4023 Před 5 lety +8

      Darth Vader Of course its okay, there's no point continuing something if you can't do it. It's better to stop and do something else. That actually shows more strength to walk away from something you know will never succeed at

    • @Leah-kv8he
      @Leah-kv8he Před 5 lety

      Darth Vader 💯🙌👏

    • @abdulmueed2261
      @abdulmueed2261 Před 5 lety +3

      It is easy to say

  • @JayDoge
    @JayDoge Před 6 lety +49

    00:59 - Pick the wrong business (passion 1st, money will come)
    02:00 - Make the "perfect" plan (make a simple plan, start, adapt)
    03:07 - Spend money (carelessly, not frugal)
    03:54 - Try to do it alone (you need a people: friends, meet up, a team)
    05:11 - Jump into the wrong partnership (work on small projects before committing)
    06:39 - Operate in a bubble (get out of your comfort zone, expand your knowledge/skills)
    08:25 - Start a product (Generate income asap, improve as you go)

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety +2

      Thanks for sharing :) #BTA806 Luka

    • @carlamurray8935
      @carlamurray8935 Před 3 lety

      Ty

    • @trinitystar28
      @trinitystar28 Před 2 lety

      👌🏽👍🏽👍🏽👍🏽

    • @KiinabaAli
      @KiinabaAli Před měsícem

      😂😢😢😅😅😅😮😮🎉🎉😂❤😊😊😊😊😢😢🎉😂😊😊 0:25 ​@@EvanCarmichael

  • @tomone2010
    @tomone2010 Před 7 lety +1497

    And here is the only advice when starting a business: Stop listening to people what to do or not to do. Go figure it out yourself. You can thank me later.

    • @madesnoel
      @madesnoel Před 7 lety +57

      but it's a long way bro. I think I believe of 'don't reinvent the wheel."

    • @Rebecca20239
      @Rebecca20239 Před 7 lety +29

      tomone2010 I haven't started yet , but that's what i'm thinking. learn as you go, make mistakes, learn from them,move on....

    • @timramone8009
      @timramone8009 Před 7 lety +7

      unless taking some time to think what they are trying to say and realizing that they are completely right.

    • @MrHardCash
      @MrHardCash Před 7 lety +80

      That's not a good advice. Confining yourself within the bubble of your own mind/knowledge/beliefs isn't good. Many times these _beliefs_ aren't factual in real life. I don't care how smart someone is. They need to read a lot, experience a lot and _still_ listen to other people. Even listen to what "newbies" or "beginners" have to _say_ . Not necessarily to take what they say as "gospel", or in search for a "step-by-step" guide... but at least to inspire new ideas/solutions to develop in your brain...... or to give you a reality check on what can actually be done and/or should be done regarding a particular point....etc. What you should have said was something along these lines: *Stop being that dependent on other people and what they say. Some of you are addicted to spending tons of money on courses, or just asking questions all the time, while not actually doing the work. Be more "action oriented".*

    • @calebstevens8269
      @calebstevens8269 Před 6 lety +22

      How do i know whether to listen to this or not though...? O.o

  • @DavidQuan
    @DavidQuan Před 4 lety +449

    The perfect plan is some absolute BS. It's like what Mike Tyson said "everyone has a plan until they get punched in the mouth", just get started and figure out the rest from there. Taking the first step is always the hardest.
    Update: I did not expect Evan to reply haha, that's so freaken awesome!
    I took inspo from Evan and recorded my own 7 things NOT to do when starting a business, even added in a bonus because I think the bonus point is likely going to make or break the business.
    czcams.com/video/HZgdbSWNWGM/video.html

    • @EvanCarmichael
      @EvanCarmichael  Před 4 lety +3

      Thanks for sharing your thoughts David #Believe :) #BTA1460 Veljko

    • @atukwasapromise9915
      @atukwasapromise9915 Před 4 lety +1

      It's still hard to me for real

    • @DavidQuan
      @DavidQuan Před 4 lety

      Atukwasa Promise hard for you to take the first step?

    • @atukwasapromise9915
      @atukwasapromise9915 Před 4 lety

      @@DavidQuan sooo hard to choose what is wrong and what's right

    • @ConsultingjoeOnline
      @ConsultingjoeOnline Před 4 lety

      True, but I'm not sure I would take all of Mike Tyson's advice. lol

  • @gavinwaterman5456
    @gavinwaterman5456 Před 6 lety +238

    I'm a young business and currently making enough money to oversee all domestic bills such as storage, garage rent, utility bills, vehicle, food, petrol and money towards buying tools. I don't have a social life as all my current, money after deductions goes on tools. It's a lonely path being an entrepreneur, but its far better them working for someone else.

  • @kh.g4049
    @kh.g4049 Před 7 lety +644

    Advice number one, dont follow ANY advice. Listen, but dont follow, figure it out yourself.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +20

      Thanks for sharing your thoughts and for watching. #BTA486 Shine

    • @Trevonimation
      @Trevonimation Před 6 lety +21

      What's the point of listening if you won't do it anyway?

    • @ImOldandSoAreMyBooks
      @ImOldandSoAreMyBooks Před 6 lety +2

      Love this one the most! I started Five Cents Matter on my own, and my dream is to take it all the way this year!

    • @suomi6769
      @suomi6769 Před 6 lety +5

      Jpk Channel But youre giving me advices

    • @thugson1166
      @thugson1166 Před 6 lety +24

      You're all missing his point... he's not saying he'll do the opposite of what someone says to him. He'll listen, and make his own judgement on whether or not its a good plan, or use the thought to snowball his own ideas. That's what a true entrepreneur does.

  • @fen212
    @fen212 Před 6 lety +9

    I've been juggling with my thoughts for years to venture my own biz. You are 100% right. Planning excessively didn't take me anywhere. I am super inspired by this vid.

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      Glad you're feeling inspired! :) #Believe #BTA912 Luka

  • @Falney
    @Falney Před 7 lety +38

    I can't say I am guilty of making the perfect plan. My very first business, the plan was on a napkin, took 10 mins to write and I still got funding for it. I ran it for 6 years before selling it and forming a new business with a small group of friends, that had no plan at all and I was part of it for 3 years before getting bored, selling my shares to my friends and moving on to making my third company... The plan was just a bunch of drawings and squiggles.. Now I am making my third company and I am taking it seriously this time. 100 hours and still working on marketing. Still not over planning though. It is really casually written.

    • @Falney
      @Falney Před 7 lety +3

      Also in many industries you need to spend money to make it. Software engineering you need a computer before you can program.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Interesting and inspiring experience. :) Thanks for sharing Falney. More power to you! #BTA258 Shine

    • @Falney
      @Falney Před 7 lety +2

      I started out as a it consultant working with small local businesses and then went into web design. It wasn't a million dollar business but it doesn't really need to be to be successful.

    • @mdafzet8720
      @mdafzet8720 Před 7 lety

      hello falney i would need your guide on how to start my own business.. email me at mdafzet@gmail.com

    • @sethidomenonyah2184
      @sethidomenonyah2184 Před 6 lety

      MD AFZet if faleny emailed you the guide for starting the business please.send to simplyyours1@gmail.com

  • @taitjones6310
    @taitjones6310 Před 9 lety +15

    7 minute mark. Love this story. Stories like that are extremely helpful to me to suck it up and hang in there. Thanks.

  • @alexjohnson2031
    @alexjohnson2031 Před 6 lety +395

    Skip to @10:30
    You're welcome :)

  • @rezamahdi9850
    @rezamahdi9850 Před 9 lety +66

    I tell myself if you don't start your own business you have to stay employee for the life which I hate. I have nothing to lose starting my own business but the salary of two years working. I am so much energetic and imagine my next five years as a successful businessman.

    • @EvanCarmichael
      @EvanCarmichael  Před 9 lety +4

      M. Reza Mahdi yes! go for it! :)

    • @maxms6087
      @maxms6087 Před 6 lety +3

      How did it go? Where are you now in terms of the business?

    • @cy5282
      @cy5282 Před 6 lety +1

      Reza Mahdi this was 3 years ago but how's it now, bro? That thing's actually what i worry right now. I don't wanna be working as an employee all my life though i love my job.

    • @lopezruben79
      @lopezruben79 Před 5 lety +1

      He making too money to reply lol

    • @MrCany1
      @MrCany1 Před 5 lety

      It's already 4 years completed and i think ur still doing job...

  • @azenkwed
    @azenkwed Před 7 lety +394

    2 of my businesses collapsed because I jumped into the wrong partnerships.

    • @sohoyankee66
      @sohoyankee66 Před 7 lety +31

      My business never got out out of the planning stages because of the wrong partnership.

    • @PoochieCollins
      @PoochieCollins Před 7 lety +12

      Thanks for the emphasis, guys, will take this seriously.

    • @ronm7114
      @ronm7114 Před 7 lety +46

      Thats why i think starting out alone (small) is just fine.

    • @madesnoel
      @madesnoel Před 7 lety +8

      Ya and then once it is working then you scale up.

    • @herfirstmate
      @herfirstmate Před 7 lety +16

      Azen Kwed
      The only ship that is sure to sink is a partnership. - Dave Ramsey
      Do you think you'll ever get into a partnership again?

  • @SharifSourour
    @SharifSourour Před 7 lety +4

    Pretty encouraging, since I learned most of this from failing with my first independent brand. Nowadays I pretty much have learned from all of these. Great reminder!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Glad to hear that the video was helpful to you! :) Thank you for watching, Sharif! #BelieveNation #BTA401 Luka

  • @shnatzboy
    @shnatzboy Před 9 lety +9

    Wow! Good stuff!

  • @mineroquimico2830
    @mineroquimico2830 Před 8 lety +1

    Wow! This is exactly what I needed to hear. Thanks Evan for your tips and motivation.

  • @Robinicoleinc
    @Robinicoleinc Před 9 lety +2

    This is dope. Thank you Evan

  • @shaynediersen4114
    @shaynediersen4114 Před 7 lety +4

    Thank you for the video. Just about to start my first business and all advice is worth listening to. I learn from everything, but your advice makes sense. I appreciate you taking the time to help new business owners like myself. Thank you.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Thank you for the appreciation and thanks for sharing with us. Glad that our content is helpful to you! #Believe #BTA478 Luka

  • @Startyourownbusinessacademy

    What a great list of “Do Nots”. It is particularly relevant since a lot of people are wasting time starting businesses they have zero interest in; just so that they can make money. I guess we sometimes forget that growing a business takes time and full of twists and turns. In reality, there are two types of businesses to start:
    1) A business centred around your passion and hobby
    2) A business based on exploiting an opportunity.
    Most internet based businesses that people spend time on are the type (2) which requires entrepreneurial flair, web knowledge, SEO etc. Many who start such we end up quitting because the “5 Clicks To ...” promised will not happen overnight. When problems occur (which it will) people simply give up. But if you start a type (1) business; in a space you love, you can weather the pain to the reach the other side - success.
    If I am to add one more “Do Not” it will be - “Don’t Borrow Money To Start A Business”! Even though I teach people how to raise money; I always try to persuade them not to borrow money or at least reduce the amount they want to borrow because borrowing costs, it is stressful and most times an unnecessary waste. If you need $50k before you generate your first sale you probably need to avoid that business. Hence, I agree with Evan when he says - “Start a service business first not a product business.” I will only add - start a product business if it is not costing a fortune. Meaning with an amount you can afford to lose!

    • @EvanCarmichael
      @EvanCarmichael  Před 8 lety

      +Start Your Own Business Academy Very well said. Thank you for sharing with us an amazing insight, and thank you for watching! :) #BTA124 Luka

  • @YLMompreneurs
    @YLMompreneurs Před 7 lety

    So true! Choose wisely. Don't get stuck in the planning/training loop - but keep developing along the way. Work in community. Vet your partners. I just found your videos and love your energy!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Yay! Glad you found our videos. Welcome to the channel and to #BelieveNation. I hope you'll find more videos here that will be of help to you. :) #BTA320 Shine

  • @davonehowell3208
    @davonehowell3208 Před 4 lety

    New subscriber! Your words hit DEEP! STAYING TUNED IN!!

  • @valleary9904
    @valleary9904 Před 6 lety +4

    I’ve started my own Custom Oil Painting Company and this was something I wanted here and I’ve been doing very well, I have spent so much money but worth every cent! Great information!!

  • @newage7849
    @newage7849 Před 7 lety +9

    I want to start off by saying you inspired me to start my online business, the past few days has been really slow but I kno with time every thing will pick up. It is not easy but with your guidance and leadership I believe I can preserve threw any of the challenges that comes with building a business via online. You always prove high quality content that never disappoints, and I appreciate it to the fullest. I will continue to support you and your movement. Peace love and meditation from New Age🙏🏻🙏🏻

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Aww, thanks for the love, appreciation and support New Age. Glad you are inspired and you are taking action to achieve your goals. :) If you are interested you could catch Evan live by following him/believeteam on Twitch: www.twitch.tv/believeteam He is usually live every Friday at 9:15AM EST so you can ask questions there via live chat and/or you can also join his newsletter to receive any updates www.evancarmichael.com/newsletter/ All the best to you! Always #Believe! #BTA387 Shine

  • @enrichedinvestments679

    This video hit the nail on the head for me! I am trying to operate this business solo and I become stressed, frustrated, I have stopped being active in the business, stay home because I am spending money and not making money, and too consumed with the perfect plan! What action I will start to follow up now on is finish reading the power of broke that I am halfway through, watch videos, and ask for help with the business.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Thanks for sharing your thoughts Enriched Investments. Yes, it's important to have a team - start with 1 person - even to help you with your business part time at first. Here are some videos that I hope will be helpful to you: czcams.com/video/snnxRiyJL4E/video.html / czcams.com/video/DZZqv0ao068/video.html / czcams.com/video/pT_vy87DaUM/video.html / czcams.com/video/4lg6ZG1p_PY/video.html / czcams.com/video/IN9vmjnR7dc/video.html / czcams.com/video/8TtMXeIWYwg/video.html & czcams.com/video/eBy5CMXs0qg/video.html All the best! :) #BTA514 Shine

  • @seymourfunkan9824
    @seymourfunkan9824 Před 3 lety

    Man not taking any credit away from you, but these are the exact same thoughts I've been having considering the business I want to start and your video just confirms that I do have an entrepreneurial mindset and now I'm more motivated than ever to get started. Now I KNOW I was meant for this. Thank you!

    • @EvanCarmichael
      @EvanCarmichael  Před 3 lety

      You're welcome. Glad it resonated with you. 😊💛 #Believe - Feb

  • @Divineshot
    @Divineshot Před 6 lety +35

    Great tips!

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety +1

      I'm glad that it is helpful to you. Thank you for sharing and thanks for watching! :) #BelieveNation #BTA655 Luka

    • @tinoandbrothersandmom2974
      @tinoandbrothersandmom2974 Před 6 lety

      I'm studying how to start a cleaning service from home and found a fantastic resource at Enata setup system (google it if you are interested)

  • @BugRaiser
    @BugRaiser Před 7 lety +80

    I'm starting my own business soon.

  • @MrFdfdfg
    @MrFdfdfg Před 7 lety +1

    Thank you so much Evan & Team!!!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Thank you very much for the appreciation and for watching Shik! :) #BelieveNation #BTA521 Shine

  • @joycalories
    @joycalories Před 5 lety +1

    Good advice Evan! Thanks! You are one of my favorite consultants because you are an icon for "heart in business"...You rock!

    • @EvanCarmichael
      @EvanCarmichael  Před 5 lety +1

      Thanks for the love and support! :) #BTA951 Luka

  • @5afoster
    @5afoster Před 8 lety +60

    Very good video, it really inspired me to continue on my path to being a full-time entrepreneur.

  • @theroseexperience
    @theroseexperience Před 7 lety +237

    The first point is partially incorrect and with first time business startups, I believe the reason a lot of them fail is BECAUSE they don't put making money first. They think with their hearts first, not their heads. Passion is what brought you to that point, but passion doesn't pay the bills, you have to make money.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +6

      Thanks for sharing your thoughts. #BTA309 Shine

    • @theroseexperience
      @theroseexperience Před 7 lety +3

      ***** Thanks for the great content Evan.

    • @jonkc3635
      @jonkc3635 Před 7 lety +3

      You have to think about a startup that will eventually lead a path for you to earn money.

    • @alexanderuranbirkin3379
      @alexanderuranbirkin3379 Před 7 lety

      Excuse me but who are you to say that are you a millionare No! than you can't say anything.
      If you are than your rigth

    • @granparpimphs8975
      @granparpimphs8975 Před 7 lety +14

      you clearly didnt understand, he was implying you had to care about what you do genuinely, you can't just be a vending machine. Passion carries your business further, you might think your making enough money and dont need anymore, maybe you want to do something else, and start from scratch. if you did what you loved tho you wouldnt stop you'd just keep going. I suggest you learn how to properly decipher what someone is saying and understand he's trying to teach not brag.

  • @Nicole-is-global
    @Nicole-is-global Před 4 lety

    THANK YOU for this. I've been doing most of these.

  • @chloeinspires_
    @chloeinspires_ Před 8 lety +3

    Love your videos ! Thank you :) I've been watching about two a day!!

    • @EvanCarmichael
      @EvanCarmichael  Před 8 lety

      +Chloe Thomas That's awesome to hear, Chloe! :) Thanks for watching! :) #BTA101 Luka

  • @MonicaGonzalezmonica
    @MonicaGonzalezmonica Před 8 lety +45

    That is a great idea, of making videos of failure that we can learn. There is a movement call f*ckup nights, where famous entrepreneurs tell their stories of failure, because no one tells that side of the story. You should do interviews of "failure" because we also learn from them.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +3

      I'm sorry for the late reply. Thanks for sharing your thoughts Monica. Perhaps if you are not able to watch them yet, you might be interested to check out: czcams.com/video/z5ufmCR7mgk/video.html / czcams.com/video/GOGyVZ6gwnY/video.html & czcams.com/video/rvqGGtp5xQw/video.html :) #BTA483 Shine

    • @cesarschira556
      @cesarschira556 Před 6 lety

      Someone should start filming themselves and regardless of the outcome post it in you tube, like a whatever happens vlog, people take the time to video themselve talking about things we dobt even know are true and because they are enthusiastic while they talk about we belive them, and the end we get misguided or discouraged and quit trying altogether. A failure only means what you want it to mean not what a you tuber thinks it is.

    • @bornforprabhas5038
      @bornforprabhas5038 Před 4 lety

      Helo boss how r you

  • @CarlWillis20
    @CarlWillis20 Před 7 lety +11

    Fantastic Presentation.

  • @Intheheartofaman
    @Intheheartofaman Před 5 lety +1

    Thank you Evan. Resilience and reality can make a huge difference.

  • @belicosesavage
    @belicosesavage Před 5 lety +1

    Very helpful! From your tips to your enthusiasms I needed it all thanks for sharing!

  • @mdnumankhan2534
    @mdnumankhan2534 Před 7 lety +12

    I have to always give Thums up to your awesome video.

    • @danap.9189
      @danap.9189 Před 7 lety

      We appreciate your support very much. Thank you for always watching!

    • @clairenewman6197
      @clairenewman6197 Před 7 lety

      I was able to start making money online when I visited this website called *OnlineNetCareer .Com* There I found the tools I needed in order to be successful at online money making. If you want to start making real money online, you must go there.. This is how I am making over $700 per day easily from home

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Thanks for the love and support as always. :) Much love. #BTA483 Shine

  • @Media_850
    @Media_850 Před 7 lety +396

    "You don't need money to make money"
    Your kidding right...?

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +91

      No he is not kidding...you can use your time, energy and any resources you have first to make money. Also don't let not having money be an issue or excuse for starting something. All the best! #BTA449 Shine

    • @mikedavis3700
      @mikedavis3700 Před 6 lety +14

      It just need a word of mouth. You have to build that only!!!

    • @IAmSonicAlchemist
      @IAmSonicAlchemist Před 6 lety +51

      A double edged sword. No, one does not "need" money to make money, but it sure does help! Especially when one needs "money" to buy inventory. Lol

    • @etunimi4206
      @etunimi4206 Před 6 lety +16

      @Bryan Langsdale
      If you're poor, then you need money..
      That's the truth of it.
      Unless you manage to store items/etc in your dead grandmas mansion

    • @jstengineering1513
      @jstengineering1513 Před 6 lety +15

      How do you expect to make the product with out money. This guy is the biggest smoky Joe I have ever seen. And about planning? What do you think a business plan is for? How do you decide if you sole trader or limited company? You need a business plan to do soo. Thanks God I never wen to he's college hahaha damn! Some people are dome

  • @pebbles3458
    @pebbles3458 Před 3 lety

    Hearing all the things I need to hear today. Thanks!!!

  • @sofiasilva7998
    @sofiasilva7998 Před 6 lety +1

    I wanted to congratulate you on your strentgh to perservere through hard times. Wishing you positivity, health and joy!

  • @natifranco7170
    @natifranco7170 Před 6 lety +57

    #3 Stop spending money... #4 Hire people... mmmhhh kind of contradictory advice, and it's really really hard to get people to work for you for free when you are a startup, like really hard.

    • @sheldonman3452
      @sheldonman3452 Před 6 lety +1

      Nati Franco really hard. But not impossible

    • @joekim4794
      @joekim4794 Před 5 lety

      @@sheldonman3452 no, actually... since you want to get technical. lets get technical. it IS in fact impossible. because if someone is willing to work for free, at that point its called volunteering. therefore, its impossible to have some "work" for free.

    • @gushernandez25
      @gushernandez25 Před 5 lety

      You dont need money to have a "starting point".

    • @nonhle265
      @nonhle265 Před 4 lety

      I think what he meant is spending on yourself...buying stuff you don't need...not really man power...

    • @deepthitoonz
      @deepthitoonz Před 3 lety

      Identifying good minded people is an art. That can be learnt through mentorship n coaching. Willing to learn ping me

  • @dolphinmaster1688
    @dolphinmaster1688 Před 5 lety +6

    Thanks Your Legendary Tips Probably Made Your Business Better Than Ever!

  • @MrSolzr
    @MrSolzr Před 9 lety +1

    As a young guy trying to get an online business started I can say these help me immensely! You truly inspire me and I watch all of your videos keep up the good work!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      I'm sorry for the late reply. Glad to know you are inspired Captain Fizzy. Thank you very much for the appreciation. All the best to you! :) Much love. #Believe #BTA483 Shine

    • @Halexstrasza
      @Halexstrasza Před 6 lety

      Captain Fizzy so where's your business at now, two years later? :)

  • @jackiego1
    @jackiego1 Před 3 lety

    Very genuine, emphatic guy. Motivating. Thank you.

    • @EvanCarmichael
      @EvanCarmichael  Před 3 lety

      Glad you're feeling motivated! Thanks for watching! 💛😊 #Believe - Dondon

  • @jessebeckwith7852
    @jessebeckwith7852 Před 5 lety +3

    Great Advice Evan! I really appreciate this video :) I felt like if I didn't have the "PERFECT PLAN" then nobody would take me seriously. Do you have advice on how to create a plan in the beginning that doesnt hold you back from getting started but also can help get investors?

    • @EvanCarmichael
      @EvanCarmichael  Před 5 lety

      We already have a lot of videos on that subject, you should check them out :) Thanks for the love, Jesse! #BTA944 Luka

  • @aichadiagne4473
    @aichadiagne4473 Před 8 lety +69

    The only thing I disagree with in this video is: "You don't need a website". I think you absolutely DO need a website, especially if you're in the service industry. Other than that, this is a great video and i'm sure it has helped and will help a lot of people, myself included.

    • @EvanCarmichael
      @EvanCarmichael  Před 8 lety +10

      +Aïcha Diagne It definitely helps but you don't NEED a website. Plenty of service businesses don't have a website. The electrician I just hired for a $5k job doesn't have a website. #BTA4

    • @pravinda333
      @pravinda333 Před 8 lety +6

      +Evan Carmichael You could instead have a blog for free.

    • @c1arkj
      @c1arkj Před 6 lety +4

      Home services is the one industry that can still survive without dedicating a lot of time online. Why? Because it is very much word of mouth driven. However, if you want to become anything more than a One Truck Chuck, then you'll want to have a website, or at least a landing page, and look into Google's PPC advertising for your local service area.

    • @Video-Games-Are-Fun
      @Video-Games-Are-Fun Před 5 lety +9

      this guy is a loony. you NEED social media today BIGTIME. instagram and facebook really spreads the word of your business' existence.

    • @Luigi-lk4uf
      @Luigi-lk4uf Před 5 lety

      Hola bonita

  • @richruelas
    @richruelas Před 9 lety +2

    Thanks Evan for giving your reasons as to why to launch a service based business first. It makes total sense because I was leaning toward product based first but the expenses up front makes things more challenging. Back to the drawing board...

    • @richruelas
      @richruelas Před 9 lety

      I was considering making several versions of a Mexican Sweet tamale. Tamales are big around the holidays at least here in So Ca.The sweet ones are not that popular I believe that is because they are not that attractive. I figured a way to do that. I have reconsidered though.I really enjoy cooking (for family/friends I've learned) but I decided that I do not want to be doing this on a regular basis. I would have to hire people to make them for me and get a kitchen to do this. I want to start something that does not require much capital .I am willing to put in the hours required but I must enjoy doing what I'm working on to keep me motivated. So #1,3,7 all hit home for me. I'm taking a step back. I do have an opportunity for a service type business that I will explore more. I'll stay in touch. Thanks for all the stuff you put out by the way.

  • @ruthwanjiru2193
    @ruthwanjiru2193 Před 6 lety +1

    I am learning so much from these videos, and seeing the many mistakes I have made as a start up, but believe I will overcome. Thank you.

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      That's awesome to hear! :) Thank you for sharing with us and thanks for watching. #Believe! #BelieveNation #BTA766 Luka

  • @FriendlyCelestial
    @FriendlyCelestial Před 6 lety +105

    This is helping me setting up my first business.

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety +11

      Glad it's helpful to you :) #BTA904 Luka

    • @AutobahnSean
      @AutobahnSean Před 4 lety +8

      What's your website

    • @ZirixNightcore
      @ZirixNightcore Před 3 lety +10

      How did it go?

    • @arielle379
      @arielle379 Před 3 lety +7

      Zirix Nightcoreココ ur two years late with me

    • @ZirixNightcore
      @ZirixNightcore Před 3 lety +7

      How did it bussines go? (U mentioned it, I'm just curious if can u give us some tips)

  • @Venusianjonel
    @Venusianjonel Před 7 lety +68

    This shit really hit me wow

  • @peterngorima7630
    @peterngorima7630 Před 9 lety

    great video Evan! thanx for the practical advices....

  • @MakeHerProud
    @MakeHerProud Před 6 lety

    Yes yes yes!!! I needed to hear this one! Thank you Evan for making it plain and relatable 👌🏿

  • @Anja1111
    @Anja1111 Před 9 lety +47

    Great video, Evan! I only disagree with you on 1 point which is that "you don't need a website". You do! And it is worth the small investment. For as little as 16 euros a year and for 5 years it is around 60 euros I have webhosting plus a domain name, which gives me 5 years to make it a success. With adsense only i earn back my investment, so it is free. Especially when you want to sell your service you need a great website that offers lots of free quality information to attract clients! Having a great domain name is important, short and to the point. Promotion is free! But you need the domain and website. In Wordpress anyone can build a great website. Study the do's and don'ts before you launch and you're on your way to amazing success!

    • @cjallison8362
      @cjallison8362 Před 9 lety +13

      It's true. You don't need a website. I have a Facebook page with 120.000 followers. No website...

    • @jamilgotcher5456
      @jamilgotcher5456 Před 7 lety +5

      I agree with you Anja. When people contact me through my website, most of the time they are ready to spend money. Social media has been good for me to stay in contact with existing clients but most social media inquiries have been people who really aren't in the market in a financial way for professional photography.

    • @cesarschira556
      @cesarschira556 Před 6 lety

      If you had a talk with a person you just meet and is not about the bussines you have but you want to keep in contact, you give the your bussines card, next thing you know someone else is calling on a referral from that person. I admit this videos have good information but is completly based on his experience. No everyone is the same. I like to be organized, so i will get a space in my house that am not using and repurpose it as an office, imaging you are looking for an invoice and all you see around is grocery list and kids homework. When starting a bussines not always one size fits all.

    • @thomascarter8939
      @thomascarter8939 Před 6 lety

      Hey Anja , What service do you use that cost 15 euros a year? Also is it still worth it with the upcoming net neutrality?

    • @kevingardin6008
      @kevingardin6008 Před 4 lety

      I completely agree. Its not good advice since the only things you can actually own on the internet are your website and your email list. A website helps a great deal when building that list too. These are your fans and customers. studies have shown that emails are the cheapest way to advertise and sell.

  • @mike_daly
    @mike_daly Před 7 lety +70

    This guy said you don't need business cards, I would advise not listening to that

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +7

      He used to have lots of business cards so it is based on his experience. The best way is to provide value. Thanks for watching. #BTA483 Shine

    • @PremiumFuelOnly
      @PremiumFuelOnly Před 7 lety +7

      Business cards are cheap, its worth it to have a few on hand.

    • @reymundogarcia8088
      @reymundogarcia8088 Před 6 lety +2

      b cards advertising waste of time and money-economics 101

    • @benjaminmoore4373
      @benjaminmoore4373 Před 5 lety +1

      business cards don't help in my book js

    • @gushernandez25
      @gushernandez25 Před 5 lety

      You dont need business cards to decide what kind of business you want to do and what kind of service or product people want.

  • @NurHawaNisha
    @NurHawaNisha Před 3 lety

    Thank you so much for this awesome tips Evan!

    • @EvanCarmichael
      @EvanCarmichael  Před 3 lety +1

      Thanks for watching. #Believe :) #BTA1661 Veljko

  • @athsndwds9372
    @athsndwds9372 Před 6 lety +1

    Don't need money, need your hustle!! Couldn't agree more. Motivation to my ears! All great advice!

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      Thank you for watching and thanks for the comment! :) #BelieveNation #BTA754 Luka

  • @urmumisleng
    @urmumisleng Před 3 lety +3

    It’s so weird me (12) my brother (7) my cousin (9) and my other cousin (4) at such young ages we are thinking of starting a family business

    • @EvanCarmichael
      @EvanCarmichael  Před 3 lety +1

      It's not weird! That's awesome to hear #Believe :) #BTA1659 Veljko

  • @Cococonutt
    @Cococonutt Před 6 lety +6

    This is great advice 👌🏻

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      I'm glad that you like it! Thank you for watching. Much love. :) #BelieveNation #BTA761 Luka

  • @RebelPixels
    @RebelPixels Před 9 lety

    Fantastic video, Evan

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Sorry for the late reply Rebel Pixels. Glad you liked the video. Thanks for watching! :) #Believe #BTA483 Shine

  • @acheriet2738
    @acheriet2738 Před 6 lety

    I'm in the half of the video, but I've to thank you so much! I owned a business for 10 years now and I'm about to star from the bottom again, went to severe depression and now I'm back to learn again and actually do some action. God bless you!

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety +1

      It's great to hear that you're willing to push through and take action! Good luck and always #Believe. :) #BTA675 Luka

  • @jonathanwashington1460
    @jonathanwashington1460 Před 5 lety +3

    I'm starting my own business too

  • @kennethvallecillo4598
    @kennethvallecillo4598 Před 7 lety +3

    I want to start a business in which I provide grain corn, grain beans and weath to small business at a cheaper price. my goal is to lower the inflated price of the product because I live in a developing country. I know there's market for that, but I'm afraid I fail.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      I hope you will not let fear of failure stop you for achieving your goals. Focus on solving problems and providing value. Always #Believe in yourself and take action even one small step at a time to pursue your passion. All the best to you! :) #BTA319 Shine

    • @kennethvallecillo4598
      @kennethvallecillo4598 Před 7 lety +1

      Thank you! I never have and never will quit! I'm a hustler! :) I'm going to open operations in 2017, I will get clients before opening.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Way to go Kenneth! I wish you success. :) Always #Believe! #BTA319 Shine

    • @kennethvallecillo4598
      @kennethvallecillo4598 Před 7 lety

      Thanks Evan, God bless.

    • @visuastructdevelopmentcorp6783
      @visuastructdevelopmentcorp6783 Před 7 lety

      It will work Kenneth, stay passionate, plan with care, maintain your desire and when things get tough just remind yourself of why it was a great idea to begin with. #Keeppushing

  • @ShibArmyNews
    @ShibArmyNews Před 7 lety

    I love your enthusiasm. Always stay motivated. Partnerships are very important. Make sure you have chemistry. You are so right!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Glad you love DJ. :) Thanks for watching. #BTA232 Shine

  • @samuelmulike2265
    @samuelmulike2265 Před 3 lety +1

    Hey Evan your advice really keeps me moving , thanks for everything.

    • @EvanCarmichael
      @EvanCarmichael  Před 3 lety +1

      Happy to hear that Samuel, glad that it helped you. Much love 💛😊 #Believe - Mark

  • @juliusevola8361
    @juliusevola8361 Před 7 lety +5

    "you do not need money to make money"
    yeah, right

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +4

      Thanks for watching. All the best! #BTA320 Shine

  • @klsy2
    @klsy2 Před 7 lety +3

    i want to partner with a small up and coming company how do i get in contact with them?

  • @bamsantiago5738
    @bamsantiago5738 Před 7 lety +1

    Great videos Evan! I'm inspired by all the content you share. Thank you so much!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Glad to know you liked it and you are inspired by our videos Bam. :) Much love. #BelieveNation #BTA548 Shine

  • @thomaskubrak8744
    @thomaskubrak8744 Před 4 lety

    Great video! Thanks for opening up in step 6. Really opened my eyes some more to what needs to be done

  • @dropoutandretireearly1781

    YOU ARE SO SPOT ON !!!!! YOU HAVE MY VOTE FOR THIS VIDEO AND TRUST ME ITS A VOTE THATS WORTHY !!!!! I AM A BLACK BELT VETERAN IN BUSINESS !!!! TRUST ME PEOPLE THIS GUY IS GOOD !!!!! SERIOUSLY !!!!!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Thanks for the vote Susan. :) Awesome to know you like the video. Thank you very much for the love and support. Much love. #BelieveNation #BTA343 Shine

    • @dropoutandretireearly1781
      @dropoutandretireearly1781 Před 7 lety

      YOU KICK ASS !!!!! I AM A BUSINESS GENIUS AND I KNOW WHEN I SEE A MASTER IN BUSINESS !!!!! MY BUSINESSES ARE BUILT 100% ON 100% DEBT FREE DAVE RAMSEY THINKING !!!!!! THATS WHY I HAVE NEVER EVER FAILED !!!!! CHECK OUT DAVE RAMSEY !!!!!!`

    • @GumbyTheGreen1
      @GumbyTheGreen1 Před 7 lety

      PERHAPS IT'S TRUE THAT YOU HAVE NEVER EVER FAILED!!!!! BUT HAVE YOU NEVER EVER EVER FAILED?????!!!!!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Awesome to know that Suan. :) More power to you! #BTA483 Shine

    • @chaucerparks5941
      @chaucerparks5941 Před 6 lety

      Evan Carmichael Could you do a video on different types of businesses, one can start with little to no money, capital, experience etc. Could you also make a video with Good suggestions for a new type business to start. Perhaps, matching personality traits with the best choice of business. I hope you can understand my delima and request. I'm a person that wants to start a business but don't know the best business to start as #1)I'm one that needs to find fulfillment in my work. #2) I also value having time to spend with my family.#3) Enough money to work ONLY in my business with no extra job needed to supplement.
      I know that owning a business is hard work, often times more difficult than working on a job but are there any (easy to manage and maintain type businesses) that offer the 3 aforementioned desires I have. Please advise.

  • @awesomeness9123
    @awesomeness9123 Před 7 lety +6

    Guys help me! how do you find like minded people that will be working with you? Most people in my life are small dreamers, and hard working but pessimist people. and Therefore I try to not to spend time with any of them so I don't end up like them. I honestly have NO IDEA how to make this work. If anyone been through this, please share your experience with me.

    • @TheRohanNZ
      @TheRohanNZ Před 7 lety

      awesomeness where do you stay? If you are New Zealand , get in touch

    • @awesomeness9123
      @awesomeness9123 Před 7 lety

      Rohan I'm in Canada

    • @PaulLadendorf
      @PaulLadendorf Před 7 lety

      It took me 6 mos. to start making money. Most of that time was spent learning. I knew very little about online sales and marketing. That was over 3 years ago. I haven't made that much but enough to keep my bills paid and not have to get a job.

    • @adp7612
      @adp7612 Před 7 lety

      I use the app meet up. Make a group and ppl will sign up and bam! You will meet ppl who are interested. Hope this helps good luck man!

    • @MrHardCash
      @MrHardCash Před 7 lety

      When I started out nearly two decades ago, no one in my social circle was business oriented either. I hanged out at online forums (related to business/marketing..etc. very informative forums), where I got to communicate and build friendships with other _new_ people, who shared the same business/action-oriented mindset. There were newbies, intermediates and experts. We shared and received tips/advises among each other. Case-studies and all...etc. Nowadays, the internet has evolved a lot and it's much easier to reach similar like-minded people man.

  • @TheKatrinaRuthShow
    @TheKatrinaRuthShow Před 3 lety

    Thanks for sharing your insight and thoughts! Great video :)

    • @EvanCarmichael
      @EvanCarmichael  Před 3 lety

      You're welcome Katrina. Glad you liked it. 💛😊 #Believe - Dondon

  • @DaraKFulton
    @DaraKFulton Před 5 lety

    Needed this !!!! I've been struggling to just get started and get my business off the ground and this video really helps. Thanks so much 😊

  • @eirikmurito
    @eirikmurito Před 7 lety +305

    "never start a business to make money"
    thats terrible advice bro..

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +89

      Money has it's value but if that's the only reason you are starting a business, there's a high probability you will not keep going when the going gets tough. All the best! #BTA263 Shine

    • @eirikmurito
      @eirikmurito Před 7 lety +1

      ***** yea i guess

    • @deadlyclient8420
      @deadlyclient8420 Před 7 lety

      Disabler to get the chance of getting the best thing about this one has ever seen the movie

    • @theanalogman1
      @theanalogman1 Před 7 lety +9

      Disabler You interpreted it wrong. Look at it again..

    • @TotalTech2.
      @TotalTech2. Před 7 lety +13

      Dude I am going through the process of starting a business right now. Evan is 100% correct on this. If you are serious about starting a REAL business and not simply be self employed (two totally different things) it takes an ungodly amount of time and energy and you will not see any real money for the first few years on average. While money is obviously important its not everything. People start businesses to be to be free and for passion not just to make quick cash. If money is your sole motivator you are much better off just working under someone else and I am speaking as someone who has both worked within the corporate and entrepreneurial markets. Being an entrepreneur has to be something you MUST do not simply want to or you will definitely fail. If you just want money go search for something on indeed.com. However if you feel deep within your soul what we do then Welcome to the club. Whatever you decide I wish you the best of luck

  • @marijapavlovic2303
    @marijapavlovic2303 Před 4 lety +3

    not true, you can be passionate about making money and being fully focused on what it takes to achieve that.

  • @paulargueta
    @paulargueta Před 5 lety

    Great post! Appreciate the insight.

    • @EvanCarmichael
      @EvanCarmichael  Před 5 lety

      Glad you like it, Paul! Thanks for watching. :) #BTA1153 Luka

  • @steeleinternational449
    @steeleinternational449 Před 6 lety +1

    Awesome content, Evan! Thanks for sharing your insight!

  • @BioChemistryWizard
    @BioChemistryWizard Před 7 lety +7

    Tbh everybody should know this without seeing a video. I have a feeling that the competition with other entrepreneurs is easy. Especially seeing how most people are so unintelligent and others are pseudo intellectuals.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety +1

      Thanks for sharing your thoughts and for watching. #BTA251 Shine

    • @Rebecca20239
      @Rebecca20239 Před 7 lety +1

      LOL, exactly! once you get started you start to look around at competitors and realize you might be way ahead of the game just with common sense and research on your own

  • @galitribakoff4098
    @galitribakoff4098 Před 9 lety

    I loved this video! It sure helps me refocus in my business. Thank you.

  • @HekaAlchemi
    @HekaAlchemi Před 9 lety

    Awesome man! your vids are really getting better. great tips :)

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      I'm sorry for the late reply here. Thank you very much for the appreciation, love and support. Much love. #Believe :) #BTA483 Shine

  • @DaBossMan1000
    @DaBossMan1000 Před 6 lety

    I agree with this video 💯%. The money point is so important. Many people focus on the money and forget to focus on the problem they are attempting to solve.

  • @Merlin-pv8hz
    @Merlin-pv8hz Před 6 lety +1

    had a negative comment earlier but I like this guy now...Thank you for the valuable advice and I agree about service business. Customers will always remember the service better than product and owners often times DO pour EVERYTHING they have in the business.

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      Thank you for sharing your thoughts and for watching Merlin. Great to know you found the advice valuable. All the best! #Believe #BTA646 Shine

  • @patricia.kiteke
    @patricia.kiteke Před 3 lety

    Thanks for the great points!

  • @aestheticdudes9794
    @aestheticdudes9794 Před 9 lety +1

    Thanks alot for your wonderful tips !!

  • @MarleyJaxx
    @MarleyJaxx Před 6 lety

    Yes, I have to agree with you. Be passionate about your business and be an impact.

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      Exactly! Follow your passion and create an impact with a business you love doing! Much love, Marley. :) #Believe #BTA686 Luka

  • @Lilprinces234
    @Lilprinces234 Před 3 lety +2

    I started with a product and it's doing amazing. A tea that helps with sleep and anxiety. It's how I'm getting my name out there for my nutrition counselling.

  • @anisamary2030
    @anisamary2030 Před 9 lety

    I just discovered you through your salsa video and I really like your entrepreneurship advices! As a business student and hopefully, soon an entrepreneur, it is very useful. Thank you!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      I'm sorry for the late reply Anis. I hope you are doing great in your entrepreneurial journey. All the best! :) #Believe #BTA483 Shine

  • @ltindell23
    @ltindell23 Před 9 lety +2

    Awesome information!!!

  • @andrecamara158
    @andrecamara158 Před 7 lety +1

    Amazing stuff! Very inspiring. I'm someone a week into starting my own business and this has just made my week!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Glad you found it inspiring Andre. :) I hope you'll find more videos here that will be helpful to you and your business. All the best to you! Always #Believe. #BTA327 Shine

  • @lifeandmore369
    @lifeandmore369 Před 8 lety

    Spot on advice! I'm an entrepreneur and I went through most of these too. Learned my lessons and doing much better now. Thanks so much for posting!

  • @Josueabrahamluna
    @Josueabrahamluna Před 8 lety +1

    Thank you so much for the advice!!

    • @EvanCarmichael
      @EvanCarmichael  Před 8 lety

      Glad to be of service, thanks for the appreciation Josue. :) #Believe #BTA191 Shine

  • @branthamhanekom3080
    @branthamhanekom3080 Před 6 lety +1

    This is exactly for me and our business. Spot on!

  • @ReefearEapear
    @ReefearEapear Před 7 lety

    Thanks Evan for the tips.

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Thank you very much for the appreciation and for watching Adham. :) #Believe #BTA483 Shine

  • @garretcathers8408
    @garretcathers8408 Před 6 lety

    Thank you so much. You are truly an inspiration.😊

  • @safiyabrown9484
    @safiyabrown9484 Před 6 lety +3

    Thank you. This is quite helpful.
    First-time viewer.

  • @isabelaniceto278
    @isabelaniceto278 Před 6 lety

    Thank you for this great advice Evan!

  • @organicallyme
    @organicallyme Před 8 lety +1

    Thanks for the insight Evan, number 6 and for are my top key issues I need to work on.

    • @EvanCarmichael
      @EvanCarmichael  Před 8 lety

      Thank you for sharing and watching! #BTA166 Shine

  • @chaseak4453
    @chaseak4453 Před 6 lety +1

    Facts facts facts!!! Love the intensity Evan. Great work.

    • @EvanCarmichael
      @EvanCarmichael  Před 6 lety

      Thanks for the love and thank you for watching. Much love! :) #BelieveNation #BTA754 Luka

  • @aineabella1870
    @aineabella1870 Před 7 lety

    Probably the first video about business tips and what not that made me literally nod. This was so helpful. Thanks heaps!

    • @EvanCarmichael
      @EvanCarmichael  Před 7 lety

      Glad that the video was helpful! Thank you for watching. :) #BelieveNation #BTA443 Luka

  • @mohamedgougam2572
    @mohamedgougam2572 Před 8 lety +2

    Great video Evan, very helpful, thanks.

  • @healthandsuccess6217
    @healthandsuccess6217 Před 6 lety +1

    Thanx Evan for the tips, great job👍