Press "Enter" to skip to content

How to decide on a business idea


if you’re just starting the business
make sure it’s around something that you
love doing you’re intensely passionate
about and you feel there’s something
that’s missing in the marketplace right
now that you can provide otherwise if
you’re just doing an average product
selling to average customers you’re
going to have average or less or worse
results you have to be able to pour
yourself into your business hi I’m Evan
Carmichael I believe that hunger
entrepreneurs deserve help and same
answer the question from a reader Samara
who wrote in to say I don’t have big
ideas I’m looking to start my own
company nothing big maybe start by
making my own makeup for students or
something doesn’t take experience an
original idea but I haven’t decided yet
do you have any thoughts so tomorrow
first thing I think why do you want to
be an entrepreneur ok if you want to be
an entrepreneur just for the experience
or you know just for something fun or
think you’re going to make a lot of
money then you’re probably not going to
have a lot of success you want to be an
entrepreneur because you want to be an
entrepreneur you want to be a business
owner and you want to have an impact if
you want a winning business idea it has
to be around something that you love
doing and something that you feel is
missing it could be makeup I’m not
saying makeups a bad idea makeup could
be great there’s tons of entrepreneurs
you’ve had a lot of success in makeup
what is missing in makeup right now if
you’re going to sell the students in
makeup what do they need what do they
need that’s not out there right now and
how can you provide that service you
have to love makeup do you use makeup
yourself do you feel better using makeup
you have a personal story an attachment
to make up that people can resonate with
that you can share that by telling your
story people going to want to work with
you you have to love makeup and then
again you have to find a way that people
will want to use what you have there’s
something missing if you’re going to
start a new product or service there has
to be something missing right now that’s
not there when i started my website Evan
canonical com I started run around
having the famous entrepreneur profiles
and stories I felt like these famous
entrepreneurs really helped me their
stories inspired me motivated me and
there wasn’t enough information online
out there so I went out and created the
largest resource for
famous entrepreneur stories and advice
anywhere online and people have
resonated with them and they came to the
website and they start up for the
newsletter and they bought products you
have to be able to find something that
means something to you that’s important
and that nobody else is doing you can
fill that void I know it’s hard thinking
of a business idea and too many
entrepreneurs just jump on the first
idea that comes to them but that’s a
recipe for failure you may end up
spending tons of money and not being
able to recoup it and get it back so
you’re really need to think are you
meant to be an entrepreneur like is this
something that is a burning thing that
you have to do like if you don’t try
this out now you’re going to regret it
for the rest of your life or is it
something like yeah we’ll try it see
what happens like if that’s your
attitude it’s not going to work don’t do
it go get a job do something else but
don’t start your own business you have
to feel it and for those of you who are
in business you know what I’m talking
about because it’s hard it’s rough it
sucks there’s a lot of crap that’s
thrown at you you have to feel it you
have to want it to keep going every day
and then again make sure that whatever
you’re providing is unique stands out
there’s a need you use it you love it
and other people can benefit from it as
well good luck for those of you watching
if you liked the video please give it a
thumbs up below and makes gonna do more
for you and I want to hear what you up
to think what do you think about this
video let me know leave it in the
comments below and if you have a
question for your company I’d love to
try to answer it for you in the comments
section thank you guys it means a lot to
me and i’ll see you in the next episode
you
Please follow and like us: