How To Overcome Self-Doubt | 5 Minutes

Evan Carmichael says self-doubt hits every entrepreneur, but a strong personal why keeps you going. He survived on $300 a month early on and once presented to three people at a YMCA, but stayed motivated because he loved the work and feared future regret.
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How to deal with self-doubt. So I got a great question from one of my YouTube viewers, love you guys, Andrew, who wrote in saying he's got a young family, he's got a young startup, it's not taking off for him, he's starting to question himself, he's starting to wonder if he does, you know, do I have the entrepreneurial drive, can I actually do this? And he wanted my advice on what to do next. So Andrew, I have two bits of advice for you. One, it's totally normal, and two, remember your why. So the first point, it's totally normal. This is normal. Every entrepreneur goes through this multiple times. We like to put our best foot forward, we like people to see only the positive side of us, but every entrepreneur at some point, usually multiple times, thinks about quitting. You never hear about it. Nobody talks about it. You don't go to a networking event and somebody comes up to you and says, "Hi, I'm John. Yeah, I don't know if I'm going to keep doing my business or not because, uh, it's not taking off and I'm really doubting myself." Right? That never happens. But in reality, everybody at some point will be doubting themselves. So understand that it's normal and that's totally okay. Which brings me to number 2, remember your why. You have to have a strong enough why to get you through this. This is where a lot of entrepreneurs fail. They don't have a strong enough why. They jumped into the business because maybe they thought it would make them a lot of extra money. And they weren't prepared for the failures and the smashing of your self-worth. Starting a business is one of the hardest things you will ever do in your life, and you have to have a powerful enough why to get you through it. Something way more powerful than just the money. So let me tell you about two times in my life where I thought about quitting my entrepreneurial dream. The first was with my first company where I was making $300 a month and wasn't able to survive, and I told my partner I quit and, and, you know, cried that night. And the next day I woke up and I went back to work with him. And what helped me through that was, you know, I wanted to do something important and I wanted to do something with that team, and I felt like I was quitting up too soon and and I would regret it. That was really my important why. I love what we were doing, I love the people I was working with, and I felt like if I look back on my life when I was 70 years old and I actually quit there, that I would regret it. And I wasn't making any money, right? I was making $300 a month and could barely survive. And that's what got me through. That was what my important why was, and that led us to be able to continue to push on. The second one is when I started helping entrepreneurs. I went to do a presentation. I was looking for a new business model. I sold my company. I was looking for a new thing to do with my life. And I was asked to do this presentation at the YMCA, and we had done all this promotion of it, and only 3 people showed up for that event. And, and it just killed me because I put all of this time and effort and value in, and it just made me feel like, how am I ever gonna make a business out of this? How am I ever gonna be successful when I can only get 3 people to come to a free event? But I did that event, I made the presentation, and I know that I touched those 3 people who came out to see me. And when I walked away from that, I knew I had to continue to find a way to do it. I didn't know how it was going to work out, I didn't know what the path was going to be, but I knew that I loved it so much that I had to find a way to continue doing that. And that was 12, 13 years ago, and there's been so many ups and downs along the way, but my love for helping entrepreneurs continues to burn bright and makes me want to continue doing this. Now it's taking the form of YouTube videos. I never would have thought that I would be here doing this when I looked forward from where I was before, but I trusted that things would work out because I was doing work that I loved, and that was my strong why to keep going. So you're going to be tested multiple times in your career as an entrepreneur, and it's really going to come down to how strong is that why, and is it powerful enough to to keep you motivated to keep going. Look at any entrepreneur and look at their success story and look at all the failures that they had to overcome on that path to success. Most people never make it because most people quit and they give up too soon. So find your why, make it powerful, and believe in your dream all the way. Believe. For those of you watching, I'd love to know what your why is. Leave it in the comments below and I'll be joining in on the discussion. And if you like this video, you want to see more, don't forget to subscribe to the channel. Thank you so much for watching, and I'll see you soon. I'm Kalden Moye.
I'm a singer, songwriter, and radio personality. I subscribed to Evan's newsletter a few years ago. It has really helped me. The newsletter is very informative and inspiring, and it has helped me throughout my career. So I encourage you to don't give up You can make it. Subscribe to Evan's newsletter today. You won't regret it.
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