7 Common Mistakes That Can Sabotage Your Financial Success

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✎ 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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Thank you for watching - I really appreciate it :)
Much love,
Evan
#Believe

[@jthb]

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

[@EvanCarmichael]

That's right! :) #BTA875 Luka

[@mikesp7029]

Darth Vader

[@ebojfmdboojoh4023]

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]

Darth Vader 💯🙌👏

[@abdulmueed2261]

It is easy to say

[@JayDoge]

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]

Thanks for sharing :) #BTA806 Luka

[@carlamurray8935]

Ty

[@trinitystar28]

👌🏽👍🏽👍🏽👍🏽

[@KiinabaAli]

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

[@gavinwaterman5456]

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.

[@ninjagamerx1664]

Goodluck on you bussiness. ;)

[@owneyme1024]

Very interesting id like to know more. Do you have Instagram?

[@YoshiXO]

💯💪🏽 keep at it

[@scottiepie175]

Yes! True

[@adandeakobundu2297]

Q

[@tomone2010]

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.

[@qualityengineersguide]

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

[@Rebecca20239]

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]

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

[@MrHardCash]

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]

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

[@DavidQuan]

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. kzbin.info/www/bejne/fovKlZWJjLOKfa8

[@EvanCarmichael]

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

[@atukwasapromise9915]

It's still hard to me for real

[@DavidQuan]

Atukwasa Promise hard for you to take the first step?

[@atukwasapromise9915]

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

[@ConsultingjoeOnline]

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

[@kh.g4049]

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

[@EvanCarmichael]

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

[@Trevonimation]

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

[@ImOldandSoAreMyBooks]

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]

Jpk Channel But youre giving me advices

[@thugson1166]

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.

[@Falney]

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]

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

[@EvanCarmichael]

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

[@Falney]

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]

hello falney i would need your guide on how to start my own business.. email me at [e-mail]

[@sethidomenonyah2184]

MD AFZet if faleny emailed you the guide for starting the business please.send to [e-mail]

[@rezamahdi9850]

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]

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

[@maxms6087]

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

[@cy5282]

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]

He making too money to reply lol

[@MrCany1]

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

[@azenkwed]

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

[@sohoyankee66]

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

[@PoochieCollins]

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

[@ronm7114]

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

[@qualityengineersguide]

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

[@herfirstmate]

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?

[@fen212]

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]

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

[@alexjohnson2031]

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

[@EvanCarmichael]

Thanks for watching. #BTA562 Shine

[@zubairmushtaq1634]

Alex Johnson hahaa nice

[@zubairmushtaq1634]

Alex Johnson tnx

[@der5tg6yhujn]

Easy as pie 😀

[@connormoelmann6429]

For real, when I want to learn, it needs to be quick and without someone yelling at me. Good video but could be cut down in half easily.

[@theroseexperience]

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]

Thanks for sharing your thoughts. #BTA309 Shine

[@theroseexperience]

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

[@jonkc3635]

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

[@alexanderuranbirkin3379]

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]

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.

[@BugRaiser]

I'm starting my own business soon.

[@EvanCarmichael]

All the best to you Elais! :) #BTA241 Shine

[@mathias2860dk]

How did it went?

[@aceykay2065]

What happened

[@ruffrize]

Failed to start his soon business. He was soon quitted already lol

[@3bwayne554]

Have you?

[@Media_850]

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

[@EvanCarmichael]

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]

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

[@IAmSonicAlchemist]

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]

@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]

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

[@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]

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

[@Anja1111]

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]

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

[@jamilgotcher5456]

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]

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]

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]

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.

[@FriendlyCelestial]

This is helping me setting up my first business.

[@EvanCarmichael]

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

[@AutobahnSean]

What's your website

[@ZirixNightcore]

How did it go?

[@arielle379]

Zirix Nightcoreココ ur two years late with me

[@ZirixNightcore]

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

[@aichadiagne4473]

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]

+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]

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

[@c1arkj]

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]

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

[@Luigi-lk4uf]

Hola bonita

[@taitjones6310]

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

[@EvanCarmichael]

Tait Jones :). Thanks. #BTA13 Nina C

[@natifranco7170]

#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]

Nati Franco really hard. But not impossible

[@joekim4794]

@@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]

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

[@nonhle265]

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

[@deepthitoonz]

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

[@5afoster]

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

[@EvanCarmichael]

+A Foster Woot :). #BTA14 Nina

[@qualityengineersguide]

Because money love SPEED.

[@newage7849]

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]

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]

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: kzbin.info/www/bejne/qZ_RqYWfrq9_aqc / kzbin.info/www/bejne/eou9oqlmltRjbJo / kzbin.info/www/bejne/poXCp6xubKmUi68 / kzbin.info/www/bejne/ap3KZ419ZtWShrs / kzbin.info/www/bejne/f3-cp6Cgo7dqmsU / kzbin.info/www/bejne/boXXfoubfryMrck & kzbin.info/www/bejne/m3PcZnaDjdhjp8k All the best! :) #BTA514 Shine

[@MonicaGonzalezmonica]

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]

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: kzbin.info/www/bejne/sGbYl6B5h5ygnc0 / kzbin.info/www/bejne/fYCqqomQa8yqpLs & kzbin.info/www/bejne/qKfUeHqqpZqrh9k :) #BTA483 Shine

[@cesarschira556]

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]

Helo boss how r you

[@valleary9904]

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!!

[@EvanCarmichael]

Thanks for sharing :) #BTA875 Luka

[@kyvonnasmith7091]

Congrats

[@Fork_me]

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

[@EvanCarmichael]

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]

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

[@reymundogarcia8088]

b cards advertising waste of time and money-economics 101

[@benjaminmoore4373]

business cards don't help in my book js

[@gushernandez25]

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

[@Lilprinces234]

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.

[@haozhong152]

When I saw the first tip I was crying... Yes, Passion, real passion, want to change something is the most important thing for someone who wants to start the own business.

[@EvanCarmichael]

Thanks for sharing your thoughts Hao. Totally agree with that. :) #Believe #BTA533 Shine

[@SharifSourour]

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]

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

[@shaynediersen4114]

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]

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

[@richruelas]

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]

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.

[@Merlin-pv8hz]

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]

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

[@Venusianjonel]

This shit really hit me wow

[@EvanCarmichael]

Thanks for watching. :) #BTA327 Shine

[@tshiamo9896]

me too

[@JHoneySanchez]

go for it girl

[@iweajunwapaul.c9251]

how

[@shnatzboy]

Wow! Good stuff!

[@YLMompreneurs]

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]

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

[@catthardy957]

I'm starting a service based business, so I was so happy when you suggested this be the first business to start. I totally agree. No overhead, except your time. But I'm stuck at the numbers. The best business entrepreneur "knows her numbers". I don't and I got some buzz about my business, but have not solidified material cost, labor, hours per job, cost per job, insurance, worker's comp, taxes . . . my head hurts. But right now I need to get my knowledge of numbers straight. There is another bright side for me after listening to your video. I'm starting this business to make money, yes, but it's primarily a service for teachers and children.

[@EvanCarmichael]

Catt Hardy Thanks for sharing. It's never easy but you will be great at it.. Thanks for your support. :). #BTA34 Nina C

[@rayyyzz7]

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]

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

[@jessebeckwith7852]

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]

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

[@DaBossMan1000]

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.

[@jamainemaats3890]

so on point my bro.. i was 14 yr old high school drop out. i established my business Healthy Organic Products a year ago.. invested my dol money by the hundreds, jumped right in with launchin a product that was unique triditional moari medicine 100% organic, we done well then our product sat on the shelf gathering dust, i then lauched a service in reflexology, massage of the feet while using and promoting our product and selling them also, i am now just putting together my business plan as i know i use the profits from my service and products to support my family,, now i have potential employees around the world to sell our products but im re thinking as to what you had just said in this video about partnership been like a marrage,, an as a 27 yr old devorsed solo mum i take relationships very very seriously.. so thank you for that as i was just keen for people to sell our product out there without investing first. also my question is, because my product is not mainstream medicine and i have no certificates for my practice of reflexology,, would that hurt my business in terms of funding from other sources???? thank you for the vids and knowledge.. honestly top man for sharing. shayna maats

[@CarlWillis20]

Fantastic Presentation.

[@EvanCarmichael]

Glad you liked it Carl. :) #BTA322 Shine

[@Divineshot]

Great tips!

[@EvanCarmichael]

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

[@tinoandbrothersandmom2974]

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)

[@rmcnglobal608]

"Don't pick the wrong business." Powerful! Starting a business should be motivated by passion for service rather than money. Money is important but service should always come first.

[@EvanCarmichael]

I couldn't agree more with you. :) Thank you for sharing and thanks for watching! #BelieveNation #BTA708 Luka

[@athsndwds9372]

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

[@EvanCarmichael]

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

[@mdnumankhan2534]

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

[@danap.9189]

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

[@clairenewman6197]

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]

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

[@kennethvallecillo4598]

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]

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]

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]

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

[@kennethvallecillo4598]

Thanks Evan, God bless.

[@visuastructdevelopmentcorp6783]

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

[@seymourfunkan9824]

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]

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

[@joycalories]

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

[@EvanCarmichael]

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

[@dolphinmaster1688]

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

[@EvanCarmichael]

Glad it's helpful to you :) #BTA927 Luka

[@awesomeness9123]

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]

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

[@awesomeness9123]

Rohan I'm in Canada

[@PaulLadendorf]

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]

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]

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.

[@MrSolzr]

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]

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]

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

[@ruthwanjiru2193]

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]

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

[@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]

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]

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]

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

[@EvanCarmichael]

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

[@chaucerparks5941]

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.

[@eirikmurito]

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

[@EvanCarmichael]

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]

***** yea i guess

[@deadlyclient8420]

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

[@theanalogman1]

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

[@TotalTech2.]

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

[@sofiasilva7998]

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

[@EvanCarmichael]

Thanks for the love :) #BTA829 Luka

[@heartofamann]

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

[@EvanCarmichael]

#Believe :) #BTA1223 Luka

[@juliusevola8361]

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

[@EvanCarmichael]

Thanks for watching. All the best! #BTA320 Shine

[@jonathanwashington1460]

I'm starting my own business too

[@EvanCarmichael]

Thanks for sharing :) #BTA930 Luka

[@jhazminecalimag3368]

same

[@robithevampire]

How was your business after 2 years?

[@acheriet2738]

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]

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

[@user-pq1cj3hy3q]

it is crazy that the first reason is still giving me a hard time to settle. im in my early 20s and have worked with my dad who has multiple small businesses. he always tells me to not think of getting money as everything, same with my experience in college as i work to get my mechanical engineering degree. i've started a mobile detailing business not to only get money but to get experience as an entrepreneur first-hand and i gotta say when im out there working it feels great, for now. but it's the downtimes i have like when im looking up engineering jobs that makes me think how can i increase my incoming revenue, very good video thanks

[@EvanCarmichael]

Thank you for sharing with us. Glad you enjoyed the video :) #BTA1236 Luka

[@marijapavlovic2303]

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

[@EvanCarmichael]

You think so Marija? #Believe :) #BTA1587 Veljko

[@klsy2]

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

[@christeenbejar8965]

Wileek Tasime contact me

[@25marshalyn]

Wileek Tasime Sticky fingers !

[@maratmustafin1370]

It is interesting how different are business plans for different aspects of business. What i agree, is every business plan, no matter how perfect it is at the beginning, its different in actual life. Every entrepreneur should make his own decisions, but take into account other people experience.

[@EvanCarmichael]

Thanks for sharing with us :) #BTA1257 Luka

[@chloeinspires_]

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

[@EvanCarmichael]

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

[@Cococonutt]

This is great advice 👌🏻

[@EvanCarmichael]

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

[@BioChemistryWizard]

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]

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

[@Rebecca20239]

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

[@nighz2cupeeps779]

Okay so, to summarize that up : 1) Picking the wrong business --> Be genuine and be passionate about your business rather than focusing on earn money because sometimes focusing on earning money too much will lead to a failed business and your vision for your business might become blurred. 2) Making a "Perfect" plan --> Focus on feedback from other customers as that is another way to grow your business other than relying too much on the "perfect" plan for your business 3) Spending money --> Be your own business advertisement rather than spending a lot of your money on ad commercials, business cards, or billboards as you'd have to concern with its costs. 4) Doing it alone --> Sometimes having others to volunteer to help you will lessen the costs of hiring workers 5) Being in a wrong partnership --> Co-operation and evaluation of skills is key in a business partnership 6) Operating in a bubble --> Think outside the box, and learn from other entrepreneurs than focusing on what you've learned. It's best to ingratiate what other entrepreneurs have learned on your own business. 7) Start a product --> Sometimes starting in a service-based business will help you understand what kind of age-group you're going for and the type of desire that people would want from your product you're planning to sell.

[@EvanCarmichael]

Thanks for the summarization #Believe :) #BTA1637 Veljko

[@jasonlamure3474]

Emil where do I start with the mistakes? Failures can bring success even if you just learn to get at it again.. And always lead with value that can change peoples lives. If you do that the money will come. This is a great video!

[@EvanCarmichael]

Fail forward! #Believe :) #BTA1203 Luka

[@hakeamsullwy4225]

Most of the time, our ultimate goal is to end up being happy. Your choices. Your success.

[@EvanCarmichael]

Love that. 💛 #Believe - Feb

[@belicosesavage]

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

[@EvanCarmichael]

Glad it's helpful to you :) #BTA952 Luka

[@mineroquimico2830]

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

[@nathankirschner5486]

Thank you so much. I'm trying to start a dog walking business for summer and this is so helpful

[@EvanCarmichael]

Glad it's helpful to you :) #BTA881 Luka

[@JonWebStar]

This is me right now, Evan. Started my own marketing company one month ago. Have 5 businesses I am working with. Stressed as hell. Could be doing better financially. But "I will find a way." -Johnny Cash

[@EvanCarmichael]

Yes...you'll find a way for sure Jon. All the best to you! Always #Believe. :) #BTA450 Shine

[@samuelmulike2265]

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

[@EvanCarmichael]

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

[@junkremovaluniversity9913]

The only way to succeed is to believe in your self!!! You will fail but learn from it....don't give up!!!

[@EvanCarmichael]

Never give up! Always #Believe in yourself :) #BTA990 Luka

[@brandonmellors9161]

thanks even.. i agree the DO NOT'S are just as important. many thanks

[@EvanCarmichael]

Thanks for sharing :) #BTA846 Luka

[@MarleyJaxx]

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

[@EvanCarmichael]

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

[@zackkingph3027]

im 15 when i decided to drop out in school and start my own business.. now im 17 and im making about 500k a month. all you need to do is to "START" -THE HUNGRIER YOU ARE THE MORE YOU WIN...

[@EvanCarmichael]

Awesome to hear, keep it going! :) #BTA1358 Veljko

[@zackkingph3027]

@@EvanCarmichael thanks

[@safiyabrown9484]

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

[@EvanCarmichael]

Glad it's helpful to you :) #BTA825 Luka

[@harley4640]

Evan, what if someone said to you : " I don't know which business is right for me nor knowing my passion, so I have decided to try this business for a while until I see myself success". Would you tell him to don't start until finding your passion just to pick the right product or keep on trying?

[@EvanCarmichael]

+HL Lee I'd say explore. Don't spend money on a business - invest your hustle, your time, your energy... find something that makes you come alive - focus on that. #BTA86

[@ShibArmyNews]

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

[@EvanCarmichael]

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

[@bassam4153]

Im only 13 yrs old and Love Evan,Bcoz he change me!

[@EvanCarmichael]

Thanks for the love :) #BTA1100 Luka

[@lifeandmore369]

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!

[@EvanCarmichael]

+Rob Jones Thank you :). #BTA60 Nina

[@davonehowell3208]

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

[@EvanCarmichael]

Welcome aboard! #Believe :) #BTA1578 Veljko

[@aineabella1870]

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

[@EvanCarmichael]

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

[@GAMarine137]

I can give an Amen to #5. Another factor is that Life happens. Times change. Personally, I never suggest a partnership of any kind. But instead, recommend time-bound win-win agreements. That way if life happens and a partner needs to move, take care of personal situation, etc., no hard feelings. No need to deal with shares, etc. The agreement could be annual so at max, you are stuck with someone for a single year versus indefinitely. If everything works out, then the win-win profit arrangement makes everyone happy.

[@EvanCarmichael]

Thank you for sharing your thoughts and for watching. 😊 #Believe - Feb

[@homemade4431]

Hey Evan, What a perfect advice for a business woman like me who always failled in business🤕. Every single words of you i picked it all. And definitely i will apply to my very self😁 Bravo! Thanks a lot

[@EvanCarmichael]

Glad it's helpful to you! #BTA1242 Luka

[@branthamhanekom3080]

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

[@EvanCarmichael]

Glad it's helpful to you :) #BTA909 Luka

[@Zo-hc2fn]

Have you guys noticed that : eating out is very difficult and expensive. in an area, typically, you might find an outlet selling pizza, you might sometimes find a restaurant in which meals are quite expensive, and that's it. Here you barely have : very few foods, and they are expensive You can eat almost nothing, Do you guys see ? This model is very inefficient Eating out is nearly impossible Something is definitely missing it is : a restaurant where food keeps changing, food changes every day Chefs also rotate A meal is going to be cheap You get new foods every day. After a period of time : you will have eaten thousands of foods Do you see the difference now ? This model is way better Eating out will finally become possible.

[@EvanCarmichael]

Thank you for sharing your thoughts and for watching. 💛😊 #Believe - Dondon

[@organicallyme]

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

[@EvanCarmichael]

Thank you for sharing and watching! #BTA166 Shine

[@WasiSaleem]

Love your videos Evan. Your honesty, integrity and energy literally jump right through the screen. As a new entrepreneur(life coach) myself, I'm finding your channel to be extremely helpful and valuable. I just want to thank you from the bottom of my heart for what you do. Thank you so much. -Wasi Saleem

[@EvanCarmichael]

+Wasi Saleem Thank you thank you :). #BTA44 Nina

[@chaseak4453]

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

[@EvanCarmichael]

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

[@CarolinSoldo]

I TOTALLY agree with what you said about PASSION - this will be the main motivator to get you through the ups and downs of your business! I also love what you said about choosing team members - it's a great idea to get help to avoid burnout, but then give people test projects before committing 100%. Great tips!

[@EvanCarmichael]

I'm glad that you like it! Thank you for the love and thank you for watching. :) #BelieveNation #BTA709 Luka

[@RooGardeninJapan]

More than 3 years later, this video is still so relevant! Perhaps even more relevant as people see the dangers of relying solely on an employer. I love the don't-hold-yourself-back-because-you-haven't-made-the-perfect-plan part 'cos that's something I need to work on. To have someone being so upfront and clear about it is very motivating. Thank you!

[@EvanCarmichael]

Thanks for the love! #Believe :) #BTA1056 Luka

[@studlygrish]

I took a test about starting a business and one of the questions was what was the most important thing about starting your business that you need to know. Answer income an outputthis is the #1 question that makes or breaks any buisness.KNOWING WHERE YOU STAND $$$ SHOULD I HIRE SHOULD I EXPAND SHOULD I ADD ANOTHER STORE SHOULD I BUY MORE PRODUCT #2 question who comes 1st ?you or your buisness? Pay your business first and yourself second.live on crumbs think your buisness can afford you. 3.know what sells. Do not buy 20 apples a week if you only sell 2.cut back and buy 3

[@EvanCarmichael]

Thanks for sharing! 💛😊 #Believe - Dondon

[@eimanbadwy8114]

Oh god ,,,man i love you...you said every thing very true....i almost did alot of these mistakes and i lost my business..i wish i can start once again

[@ProspectivePlans]

These are the business tips I needed in my life! 💫 Keep rising to be who you want to be! 💫 #keeprising #risingtobe #aswerise #riser

[@EvanCarmichael]

Glad that it helped Rising To Be. Good luck. Keep going. #Believe 💪💪😊 - Dondon

[@ProspectivePlans]

@@EvanCarmichael Your welcome, keep making great videos just like this, please consider checking out my content. 🌟Keep rising to be who you want to be🌟

[@sunildell]

Absolutely amazing tips... Thank you Evan... The best part was The Partnership - Marriage 👍

[@EvanCarmichael]

Glad you enjoyed it :) #BTA918 Luka

[@ibrahimhussain4881]

Thanks so much dude I have just started a business it may be small it might be earning less than yours but selling sweets in school is a challenge for me and these tips are really helping I'm defo subscribing

[@EvanCarmichael]

Welcome aboard! :) #BTA1366 Veljko

[@rantyyyseil3631]

I'm starting a business with my sister, we make hand-painted totebags 😊 thank you for this video!

[@EvanCarmichael]

You're welcome Rantyyy. Rooting for you. 💛😊 #Believe - Dondon

[@balex556]

well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services