How to start a business if you're in MIDLIFE - Lunch & Earn

How do you start a business if you're in midlife? I'm going to answer that question in today's episode of Lunch and Earn. Greetings everybody from Hollywood, California. I got a question from one of my YouTube fans, love you guys, Darko, who wrote in to say, "Hey Evan, I'm watching your videos frequently." Thanks Darko. "You're doing a great job. I've got a lot of interesting information on your channel. You've inspired me to start my own business this summer." That's awesome, I love it. "I'm 46 with 26 years of working experience and I feel ready to do this step. Maybe you can make a video response about starting a business in midlife." Because believe me, it takes a lot of courage to leave behind the normal working life. Thanks and wish you all the best. This is an awesome question and most of the steps are going to be the same. Most of the steps, whether you're starting a business as a teenage entrepreneur or 40-year-old entrepreneur, you know, 70-year-old entrepreneur, you still have to follow your passion, you still have to model success. Who you model might be different now. You might not be able to relate to Mark Zuckerberg or PewDiePie or teenage entrepreneurs. That might not be your bag. You may not be able to relate to these guys, but looking up to Ray Kroc who started McDonald's and grew it up while he was in his 50s and Colonel Sanders who started KFC in his 60s. Those may be people you can look up to and respect and being surrounded by their stores could make you feel like, "Hmm, it's possible. Like these guys could do it in a much later stage in life than I could, so I can do it too." But most of the other steps are the same. The thing that I find the biggest difference is now the stakes are higher because often now, you know, if you're 46, you probably have a spouse, you probably have some kids, and now if you go all in on a business and it doesn't work, that's not just you being hurt, that's your family You have mouths to feed. That's a lot of responsibility. And so the solution around that is to take smaller bets. Don't go all in. Don't spend all your money. Don't mortgage the house. Don't make these massive financial decisions that could sink your business and sink your personal life. Instead, what you want to do is find the easiest way to get started and invest your time and your hustle and your energy, but not invest your money into getting the business going. All right? Good luck. I would love to hear more about the business and how you're doing. And for those of you watching, if you have advice, wisdom, suggestions for somebody getting started later on in their life, leave it in the comments below. I look forward to hearing from you. Thank you guys. Peace out from Hollywood. I'll see you soon.