Start a business with nothing – Where to start?

if you’re trying to figure out where to
start with your business you don’t know
anything about it go get some experience
in the industry otherwise your chances
of failure I’m going to be really high
and I don’t want you to lose your shirt
lose your money lose your time going
down the wrong path hi I’m Evan
Carmichael I believe that hunger
entrepreneurs deserve help today make
some question from one of my face book
readers Roy Thanks for writing in Roy
Roy said I like the way you help people
here Thank You Roy I would like to have
a suggestion from you i’m a student
doing masters in structural engineering
i want to set a construction company I
don’t know where to start I have the
workforce but I need to know how to get
financial support and I want some
suggestions Thank You Roy hey Roy
congrats want to start a business it’s
great news i’m excited for you here’s
the thing if you start a business now
you’re probably going to fail because
you have no experience in it it’s great
to know the technical skills but you
have to know how to run a business I
don’t want you to go out hire a bunch of
people that work for you hire teamm have
to pay these people every week and not
have business come in and you end up
having to close your doors you lose your
savings and you go up getting some job
that you hate the path of success here
for you is you have to learn about the
business you have to know what makes one
of these companies successful go work or
intern summer job part time job
full-time job on a limited basis
whatever it is go work for a company
that you respect who’s done it who has a
team learning about the industry Steve
it’s for you understand how it works
understand how they make money put the
pieces together so when you go launch
your business you’re ready to go you
give yourself the best chance of success
and when you do it you build around the
customer don’t go out and hire big
workforce bring on a bunch of costs
start small you bootstrap it up buying a
customer who has a pain has a need and
will pay you to solve it for them you’ll
need a lot of money to start a
service-based business you’ll need any
money it’s your time if somebody has a
problem you can solve it and they’ll pay
you for it you’re in business
congratulations and if you need to bring
on people as subcontractors do it you
said you have the team ready to go but
they’re all part time workers
subcontractors until you are able to get
this to pawn
we have more stability so that’s how you
start learn and get paid to do it by
working on another company who you
respect a small shop where you can learn
a lot of the ins and outs figure of the
businesses for you and how they make
money how they generate business then
when you start your bootstrapping you
start small you don’t need a huge
financial investment just go find the
customer it’s a service-based business
find someone who has a pain solve it for
them get paid for it hire people if you
need to put the money back into your
business and go off to the next client
it’s the best way to build your company
good luck Roy thanks for the question
great question those are you watching
you like the video please give it a
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from you please leave a comment under
this video I love seeing them come in I
always read them I really appreciate it
if you’re commenting on this video or
you have a question for your own
business please leave it below thank you
guys I’ll see you soon