Business Plan - Is there a company that will run my business for me?

Evan Carmichael answers whether you can find someone to run your business for you. Giving away equity is like a marriage, requiring trust and shared values. A Toronto salsa school grew using only Facebook, no website, proving you don't need money or skills you lack to start.
Chapters
Is there a company that will run my business for me? I get it. As an entrepreneur, you're not great at everything. Okay? You can't be great at everything. You need people to help you build your business beyond where you could take it yourself. Okay? That's part of being an entrepreneur. But don't let not having people in your circle hold you back from getting started. I got a question from one of my YouTube viewers. Love you guys. Bernard. Bernard wrote in to say, "I've had a website built for me, but I do not do, or I do not know the technology part. Is there a company that will run my business for me and split the profit?" And the short answer here is yes. Okay, you can find people, you can find companies who have not just technology skills, but any skills that you need who can join you as a partner in your company. But you gotta be careful. You gotta watch out because this is like getting married. You're giving up a piece of your company to somebody who you need to trust will be with you for the long term. So you need someone who's not just skilled in the areas that you need. You need somebody who's not just great at technology, but somebody who has the same vision as you, who has the same values as you, somebody you can stand being around 8 to 10 hours a day, every day. It's that important. I don't want you to just jump into a relationship because you're desperate. That's the worst way to do it. But I also don't want this to hold you back from getting started because this is where a lot of entrepreneurs fall down. They think, "I've got this great idea, but to do it I need to make— you know, I need to have money, I need to have funding, I need to have a team, or I need to have a partner who will help me with doing the parts that I'm not good at. I can't do it all myself." And as a result, you don't do anything. And that's not the way to get started. Don't use not having money and not having a partner as a reason to hold you back from getting started. There's no reason to hold you back from getting started except you. This is on you to solve. And if you're not great at technology, then don't make technology a great part of your business. Think about what you're really good at and how you can apply that to your company and make it successful. Here's an example from Toronto, okay? I'm an investor in Toronto Dance Salsa. It's one of the largest salsa dancing schools in North America. Will teach 5,000-6,000 people a year how to dance salsa. There's a new person who's coming to the market who's kind of taking the high-end people who really want to train to be professional dancers. And she's an artist and she's great at what she does, but she has no technology skills. None. So what did she do very successfully? She launched on Facebook. She doesn't have a website. She teaches salsa dancing. She teaches people how to be great performance-level professional salsa dancers. That's what what she does, and technology is not super important to her company. She focuses on what she's really good at, and she's built her business up all on Facebook. Facebook is her website, and she got started. Now maybe as she grows this thing up, as she gets money coming in, maybe she realizes to expand, you know, I want to invest in marketing, I want to invest more in technology, and she has money to do that. But she didn't let not having money and not having any technology background stop her from starting her business. And she's had success, and you can too. Just focus on what you're good at instead of letting your weaknesses hold you back. So to answer the question, yes, you can find somebody to be your business partner to take on the things that you're not great at, but be very careful with it. And if you can't find that person, that's not life-threatening. Find a way to make your dream happen on your own, and eventually people will come. If you have a strong enough mission and people love what you're doing, people will rally around you and want to support the cause, and you'll find potential partners and you'll find potential employees to help you grow. But you gotta start, okay? You gotta start and do something every day to move your business forward. And don't let any excuse, any person, any lack of skill hold you back from doing something today? Believe. For those of you watching, like the video, give it a thumbs up below. It always makes me want to do more. Let me know what you think. Leave a comment underneath. You have a question, I'll make a video response. Thank you so much, and I'll see you soon.
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