How to WIN in 48 MINS: League Tips

Evan Carmichael and Rishi Kaur play League of Legends while answering rapid-fire startup questions from viewers. They cover dissertation choices, app prototypes, balancing multiple passions, and early-stage challenges, with Evan pushing the framework: big decisions with your heart, small decisions with your head.
Chapters
Welcome everybody to another business Q&A while we play League of Legends. I am excited to be back. I missed yesterday. I was out recording my audiobook. Sorry guys, we did our gratitude livestream but didn't have time to do this. So I finished the audiobook, that's the good news, and I am back in the saddle with the screaming Rishi Kaur TV. Welcome, Rishi.
I got excited there, Evan. I'm really excited for you, and I know this is— a lot of people in Believe Nation are anxiously awaiting this audiobook. So, and you know, Evan, I don't really listen to audiobooks, but for you, I'm gonna get this audiobook because I cannot wait to hear you read it.
What just happened with Jay Rise? Oh, he canceled and we're back in. Okay, we're back in. I don't know what happened there. Yeah, me too. Like I would, I don't, I don't listen to audiobooks, but I would listen to my audiobook. It's good. It's so, uh, anyway, I mean, everything is good. Just, you know what? Like I would consume it as you consume it. If you guys like audio, listen to audio. If you like reading, read it. Uh, it was great because when I wrote the book, it was a lot of chunks and sections. Like I would write one section and then take a break and come back, write another section. Where this I was forced to go through the whole thing. And it just dawns on me how powerful it is. I'm so pumped. Anyway, um, yeah, I was— there was a lot of energy that was brought to the recording studio yesterday to do this audiobook. So yes, but I'm excited to be back here with you guys. I have my usual game partner J-Rye's in the house too. We're trying to get a game going. Rishi, what is in the cup today?
Yes, I've got my hazelnut coffee today, which I love. I'm trying to think right now what the brand is, but I can't remember because it's in— oh, Seattle. I'm new to the Seattle coffee brand, somewhat new. Their hazelnut is quite delicious. This is not a sponsored ad or anything, but it's quite good. And then I've got today just a cup of determination. I'm feeling determined.
Wow.
Yeah.
All right.
I like that. I'm on a mission.
I like that. I like the cup of determination. I feel like you need to start doing coffee reviews on your YouTube channel or something to start getting sponsored by these guys.
No kidding, gosh. I will say though, I am officially— this is kind of fun— I am officially an affiliate for that Cups app that I told you about.
There you go.
So, you know, it's not like a full-on brand deal, but whenever I get my affiliate link, if anybody wants to try out the Cups app, I will absolutely make sure you guys can get discounts off your coffee and all kinds of fun stuff.
Well, Rishi had a big video on her channel about coffee, National Coffee Day and Krispy Kreme. So the coffee love is there.
Is that the video that you watched recently? That's funny.
I watched that, I watched your song, uh, and part of the live stream.
Oh, that was fun. Cool, thanks for watching, Evan. That's always really cool.
What's in— oh, I have to— I know, okay, good. My Nina bought me some yogi tea again, so I'm having my lemon tea. And the quote of the day here is, the art of happiness is to serve all. So I'm liking that. I'm feeling the yogi, feeling the yogi tea. I'm going to— so I got, I got Jungle here, which I'm excited about, and I'm going to a I'm going to a mix of an old strategy with the new strategies. I'm going to try something a little bit different today, so we'll see, we'll see how it goes. Before we get started though, let's give some shoutouts to people watching the live chat. Rise Online, obviously. Zaino, Jen So Much, who's probably pretty familiar with Seattle Coffee. Colt Glass, Damasta57. Did I get everybody? Soul Forged. OptiSource book. You guys are all chatting, I love it. That's great. Hey, you know what? When we started this, nobody was watching. Zero. Zero watchers. But I like it, we're building it up. Okay, we're getting into a game. Looks like J-Rise is trying to do Ryze. Ooh, we talked about this already, right? There's a champion in the game called Ryze.
Yeah, right.
Okay, good. So he looks like he's trying to play Rise. J-Rise is going to be on Rise.
And there was someone in the chat who was asking about, is this game— I'm looking for the comment now— is this game open for other people to play? I'm just trying to find it. But yeah, I think we've had people come in the chat and then end up playing with you, right?
Yeah, if you add me on Believe Team, if you're on the North American server, Believe Team.
Team.
Um, yeah, we've done it a couple times. Um, Trainer Six— Trainer Six was another guest that we've had on a couple times. He was a hyper-aggressive AD carry. It was fun, it was fun. Um, so yeah, just add me on and we'll do it. It's too late for this game, but for the— for maybe for tomorrow.
Okay, are you gonna, um, take the advice too from From, uh, Louie. Was it Louie that gave you the advice?
What advice did Louie give me?
About pink. Oh, pink words? Or maybe that was someone else.
My coach? Martin?
Yeah, your coach. Martin. Oh, was it Martin?
Okay. Louie's not my— yeah, yeah, Louie's a friend. Uh, Martin is my coach. Yeah, I gotta remember. You know what? A good little, uh, you could check in with me in about 10 minutes.
Okay.
Did you buy the pink word? Did you buy the pink word?
Okay.
Yeah.
I will check in. Okay.
All right, let's do it. Let's get some questions going.
You ready?
Yep.
Cool. All right, so first question is coming from Teresa. Teresa says, "I'm an MBA student and working towards a dissertation. I'm really struggling with the topic and asking for help." So she has two topics she kind of goes into in length and in detail, but essentially it's coming down to a topic around women as leaders, or she's also thinking about a topic in IT in the health sector. She was in Zimbabwe recently for a business trip, and she monitored the sites of these rural hospitals, and she found that they had— like, they were in such deep need. So, she is kind of interested in also providing value through kind of meeting the needs there. So, she says, "I look forward to your comments and also suggest topics in HR and IT." Okay, all right, so she's writing a dissertation, that's what this is for? Exactly, and she kind of wanted your thoughts, feedback about a topic. Obviously, for those who don't know, when you're writing your dissertation, it's quite a lengthy thesis that you complete for your education, and it, it can guide your career trajectory, trajectory from there on. So it is a big deal sometimes, you know, how to pick these topics.
Okay, let's do it. Uh, what you got? Okay, this is some advice.
All right, well, you know, it's interesting because, uh, of course, you know, no one at the end of the day can tell you what the best topic is going to be because it's, you know, there's so many— there's value you can provide for both. I mean, I think it is a hot topic right now for sure. Women leaders, women in business, that's like obviously a more trendy topic right now, so I could see why that would be appealing. But also, it sounded from the way that she talked about the needs that she was seeing in her trip to Zimbabwe, it seemed like she kind of— I mean, this is just me based on seeing all that she wrote in this email— seemed like she kind of got passionate about finding ways of meeting the needs for the lack of IT and, and in the health sector there in Zimbabwe. So, um, I think maybe there's just two things I would just ask yourself is like, what, what is something that you could see yourself in the long term being passionate about? You know, uh, it might be exciting to talk about a particular topic now, but will you— can you see yourself investing in this as a career, as an expert 5 years down the road? Is this something you'd still want to be kind of establishing yourself as an expert in this particular area? And I know that you may not have those answers all right away, but I think it is important to think like more long-term. And it seems like you were really passionate about it when you saw the need. And I will say, I just keep seeing Stephen Kelly. I follow him closely on Twitter. And there just seems to be so many exciting things happening in particular in Africa, in terms of business and IT. And I don't know. So that is an interest. Definitely seems like it's an area there's a lot of need and there's a lot of attention right now for. So I don't know, just I think, I think, I think that the second idea sounded the one like she was most excited about. And so that definitely is significant, I think.
Cool. Big decisions with the heart, small ones with the head. It's just another example of that, you know, like the worst thing you could do is do a topic on technology that I think is great. Yeah, like, you know what's super rapidly growing and has a huge base? League of Legends. Go do a topic on League of Legends, right? It's the worst thing you could do because if you don't have a passion for it, it's gonna be a crappy paper. Where I— what I love from her is the wanting to make a difference, wanted to do something important, wanted to have— wanted to write a paper that, you know, really means something to her. Wow, my team just totally left me out to dry there. That was not cool. Wow, guys, way to put your jungler behind. All right, anyway, whatever. Um, I get that she's like really mission-driven, and so what you want to do is make sure that whatever you're writing about is something that you are deeply, deeply passionate about. Uh, if you love two topics, I would try to look at combining them. I love, I love the 'and.' I love trying to find a way to make both work. So can you make the, you know, can you profile women leaders in Africa as an example? That's something that you're super passionate about. And if not, then pick the one that, pick the one that, that you feel the most, even if it may not make the most sense. That's it. It's for everything else, like what business should I start? Well, it's the one that you're most passionate about. You can have success in any business. You could be successful as a League of Legends gamer. You could be successful, uh, you know, making shoes. You could be successful as a singer, and you could be successful in anything. Um, but the, the, the critical component to success is the love for the work. Not the— not, not whatever work, not whatever work it is, right? It doesn't matter what the industry is. You can have success anywhere. And so That's what I would say, that make sure you're picking the paper topic that makes you most excited, whatever that is. That's it.
Cool. Yeah, and I just kind of a follow-up question. You know, I've heard people like Martha Stewart say you know, go find out what the customer needs and build your business around that. But it sounds to like Martha Stewart was also extremely passionate about that industry. So is she countering that advice or is it, is it, is it having the passion and building around the needs of the customer?
Yeah, it's both.
I mean, other success. It's both.
You look at Martha Stewart, she started her catering business out of her kitchen. Like, she just had a passion for it and she wanted to turn it into something. It's both because it's— because there's two elements to what I'm saying. There's big decisions with the heart and small ones with the head, right? And so that's why it's both. Because when you decide, "I'm going to go into catering," right? She was a model and then she wanted to go into catering. "Okay, I'm going to get into catering." Great. That's the decision you make with your heart. "How do I do it? How do I execute? How do I find the right food? You know? How do I learn the right skills? How do I be a good hostess? How do I, you know, educate my customers?" All of those things are the head decisions. And if you flip the order, then you're not gonna have success. So as an example, since you're watching videos, use my YouTube channel. You know, I make videos that I'm passionate about, right? I make videos that I want to make a video on. If I don't have a message to share with the video, then I don't make the video. There's somebody that we can't profile, or I don't really you know, like their story or whatever. If I'm not passionate about the video, it doesn't get released. Now once I do have the— oh, Jay's fighting. Can I go help Jay? So I make videos based on the heart. Now once the video's out, I use my head because I need to think about what am I going to call the video so that it gets attention. You know, what am I going to use in the title and the description and the tags and the thumbnail? right? All of those things become super important. But if I started with the head and only did market research, what would I do? I would look at, okay, what are the most popular YouTube videos out there now? And it's going to be stupid cat videos or prank videos or something. A lot of people do this, so this is why it's important, right? I'm going to have success. I want to have success on YouTube. I'm gonna go and look at what's popular and just model that. Okay, great. The problem is I can't make stupid cat videos. I don't like cats. I'm really not a cat person. And because I don't have the passion for cats and making these videos, the most I'll do is only— it's just mediocre. I'll never make anything great. And so I might make a few bucks but I could make way more and have a way bigger impact somewhere else. And I think that's a trap most people fall into. Those big decisions starts with your heart, and then you use your head to figure out how to actually get it done.
Love that.
That's what I got.
Practical application. Cool. All right. Well, good luck to you, Teresa. Next question comes from Marcin.
I bought my pink book. Just so you know, I bought the pink.
Did I fail the 10-minute reminder? Has it been 10 minutes?
I don't know. I don't know. But I bought the pink. So either way.
Good for you. Good for you.
Slowly remembering.
Oh, we got a comment in the chat. Damasa, no cat, LOL. Yeah, I feel you. I'm not a cat person. I'm not a cat person either. No offense to you guys who are cat lovers. This doesn't— not my thing either. Not my thing. Okay. All right. Next question comes from— oh, I said this already, Monson. Monson says, "I had a quick question. I have prototyped an amazing and truly unique app that people all around the world will use every day. It will help them connect, find jobs, expand business, sell things, seek something. Incredible capability, unlike anything on the market." I've made a nice prototype and I'm wondering what shot I have and what kind of deal I could expect if one of the people, like for example Mark Cuban, would have liked it from the beginning. Since it needs to be developed based on my wireframe prototype, am I only looking at typical licensing deal or can I expect something else? Are you willing to check it out and partner up with me on this? Look forward to hearing from you. Thanks in advance. Alrighty. So, um, cool, exciting. You have an app that it sounds like you've done enough of your own homework on your end to realize that it's, it's unique and it's different and sounds like you feel like it's of real value. Obviously, that's it. Kind of the first step that we always say with apps, right, is make sure the app is great. If it's not great, then don't try to even do the other stuff because you should want to provide something that your users are going to love. So that's kind of like the first step. And then the second step, which is kind of cool, we talk a lot about influencers and getting them to check out the app and how that will obviously be super helpful. You know, I don't know if you have a connection to Mark Cuban. I don't know how you would plan to connect with him or anyone else for that matter that's an influencer. But obviously that would be hugely important. I mean, would it be hugely helpful? But I don't know that it's necessary. But if you have access to someone who who believes in it, then yeah, obviously that's going to be a game changer. So yeah, and then in terms of licensing, Evan, I'm going to— I don't know the nuances of the licensing for apps. So.
Alright, well, the first question I thought was, what kind of deal can I expect to get from this? And the deal that you can expect to get for a wireframe is zero. Nobody's going to buy a wireframe. Even a fully developed app is almost zero because it's so easy to create apps these days. Mark Cuban is not interested in wireframe and he's not interested in a fully developed app that has no traction. What you need if you want to get somebody on board, you need an app and you need traction. You need momentum, you need customers, you need people who are maybe not paying for it, that's fine, but they need to see that there's a user base and that people are logging in and every single day because they love your app. And so it's great that you love your idea. I'm, you know, super happy for you. You've got to do more work now. You've got to get it there and make it. You got to make the app and then you need to market it. We covered it a couple times, how to market an app. I have some videos on it too, but I mean, looks like you're not even ready for that yet since you don't have the app. But investors don't want to buy a concept, especially an app concept. They don't want to buy something that has just been developed but has no traction on it. So that's the, that's the sad state of entrepreneurship, but also kind of important because it helps separate you from everybody else. When I was in the venture capital business, I saw so many companies come with just an idea, and the idea is not enough unless you have a patent and unless it's easy to see the path to success because a corporation wants to buy, you know, whatever it is that you have. Um, then the idea is not enough. You need to execute on it. Now hopefully you have the skills to do it. If you have the ability to wireframe it, hopefully you have the ability to program it. If you don't, then you need to partner up with somebody who can help you with it. That's the honest truth, and I don't want you wasting time on the wrong thing when you could be doing it, building this thing up. So good luck!
Good luck. I feel like good luck sounds so bad. You're going to do great. Work really hard, and it is going to be great. Sorry. OK.
I like that. Extra, extra love from Rishi there.
Well, people use the good luck. I know you really meant it, Evan Carmichael. But so many people say good luck like, good luck. Like, yeah, all right. That's not going to work. But that's not how I know we meant it.
Sure, yeah, and I mean, it's also a message to everybody else out there who's trying to do something similar. People think that, you know, an investor is going to save them. No investor wants to come on and do this. Like, if you're an investor, you have tons of options. They're going to want to work with somebody who's further ahead, so go and get further ahead. There's a lot of companies, there's a lot of people who have apps who have traction, who have an audience already, and they're still not getting deals, the deals that they want, and they still are just working harder, building a bigger audience, building up more acceptance, building up more momentum. Um, you need that. So, yeah.
So before we go on the next question, looking at the chat, still lots of chatter. Actually, you seem to have triggered a lot of chatter, cats conversation still kind of going on. And all right, I think that's— yeah, I think I'm caught up there.
I thought I saw a question come in there. Did I miss it?
You know, there was a question that— I don't know if you're talking about the question from Colt Glass, but I think that question he was just addressing he or she was addressing to the people in the chat.
So, okay. All right, all right.
Um, next question comes from Kiyati Joshi.
All right.
And yes, Kiyati Joshi. Kiyati Joshi says, hello sir, myself Kiati Joshi. Thank you so much for the advice, sir. That really meant a lot. Here I'm asking my next question. As I thought of doing social entrepreneurship, I really want to do it, but music is my passion and I am learning Indian classical music. I'm in a confusion that would— social entrepreneur— I'm in a confusion. I think, yeah, so he's kind of torn between his passion for music and thinking that he also, you know, wants to do social entrepreneurship. I guess this comes back down to what we started with in the top of the chat, is like the big decisions with the heart and small decisions with the head. And realizing too, I mean, it's interesting because I know like any classical— I was going to say, can you do both? You know, because there's lots of people who are interested in both and find a way to combine. But Indian classical music, if I'm understanding what he was thinking of doing, can require like intense, rigorous dedication, discipline. And, you know, it's not like something you're doing as a hobby. You're like training sometimes 7, 8 hours a day to perfect it. So I don't know if that's the best advice to try to do both, because it might be something like you have to be all in on. But as a musician myself, like, I could never not do it. you know, and if that's a passion of yours, it would be definitely a mistake to not do it. So anything that you can do to make your passion happen is a good thing. And then the same thing with social entrepreneurship, like it's not a right or wrong, it's just do you love it enough and feel passionate enough about it that you could really dedicate your life to it.
So, all right, um, we're kind of in a fight here, so I'm, uh, Jay and I are trying to do some damage. We're doing some work. I don't know how successful we're doing, we are yet, but we're working on it. Um, it's honestly similar advice. I love I love the answer. Like, my instinct always is try to do both. If you have two deep passions, I think that's where most people have— most of the really successful people, they don't just do it the same way everybody else does it. They do it their own way. They find their own little angle on it. And so to me, those two things don't seem like they're in totally different worlds. You could do music with a social angle. Like the songs that you sing about could have a social message, right? I mean, why is U2 so successful? You know, they turn their passion for social good and social justice and pour it into their music. And then that leads to business ventures that they're working on. So I would try to see if I could combine them. If it's so strict that you can't, like you can't pick the topic that you sing about, you can't pick where you're singing and, you know, the organization that you're doing, then maybe. But I, you know, I would try to find a way to make that music be more meaningful to you. I think there's a way. I don't know, I feel there's a way. Even if it's just picking the type of song, like what are you singing about? What's the main message of your song, right? You should have a message if you want all art to be— you want your art to take off, it's got to make people feel something. So what are you trying to make people feel through your message? It's got to be something. So why can't that message be something of social good? Just like a business. Like, if you're starting a business just trying to make money, you're gonna— you're not gonna do very well or go very far. You have to be on some kind of mission. And the way you execute that mission is through, you know, the products and services that you create, which is great. So you're here creating music, it's got to be for a reason. It's got to be a reason other than just trying to make a career for yourself. Um, so yeah, I'll try to find a way to do both.
Yeah, and I think it kind of reminds me of the— we had someone asking about lipstick, wanting to do modeling and a lipstick line. And, you know, sometimes it's important to focus on one because putting all in on one, it's not— it means you're not saying no to the other, but one you have to start with and focus on, and then you can build toward the other. And so I'm going to use my brother as an example here. This is like definitely a plug for my brother who is truly like, I think of who is doing both. Like it is not just about the music, it is a powerful social message as well. But he started with the insane dedication to the discipline of music, and that has now opened up doors for his message. And so With the lipstick line, we were talking about how, um, you— I can't remember, once someone was like, modeling or lipstick? And it's like, okay, start with one and you can build a, build a brand which will open doors for the other thing. So, um, I liked— I don't know, I thought of that when you said think about your message of your music because You could be really dedicated to the music and then it opens the door for the message on a broader scale.
Yes, I agree. We're in the middle of a fight here, so I'm trying to concentrate on both, but I think in this case the thing that comes to mind is that it's not that— like, there's an easier way to combine the two. It's not so difficult to do them unless I'm missing something, you know, which could be the case too. I'm not an aficionado or connoisseur of Indian music, so I couldn't tell you. But the idea of doing something social, you know, like it really bothers me when people feel like they have to do a nonprofit to do good work. Like, should I start a business or should I do a nonprofit because I really have this social cause that I care about. Well, do both. You could do both. You could— like, you want to have success in business and have a social cause. It's so important. It doesn't have to be one or the other. So I think in this case, it shouldn't be that difficult to do both. And I think ultimately they'd be a lot happier if they could.
Yeah, so I, I, now I'm sure what you're saying, you're also saying don't necessarily assume that the social entrepreneurship has to be a nonprofit. It can be you just doing your thing and making an impact through that thing.
Yeah, and understanding if, if you can take parallel paths, like if it makes sense to do it at the same time, or if you're just going to, um, if it's a path that one leads to the other, right? Like the lipstick one, it might be the case that one leads to the other, right?
Right.
Yeah, Teemo getting kills, but team, team, team is dying, but Teemo— well, what else is new? Teemo getting kills, but team is dying. Yeah, so the modeling into lipstick, yeah, you could do both at the same time. It just may mean that nothing gets done, where if you're singing, you need to have a message anyway, so why not make it a message that is important to you, where you can feel like you can bring that social entrepreneurship or social message and mission in.
Yeah.
Yeah, I mean we even kind of talked about this last night when you were messaging me in our mastermind about the feedback for the YouTube channel. We've got a lot of different series going on.
Oh yes.
Either can work. You can do all the series at the same time but then you only have a month in between So the practice time is limited, so you can't do as much. You know, your growth in each one won't be as much, but you'll grow on all of them slowly. So where's the trade-off? What's the balance for you that makes the most sense? Mm-hmm.
So, yeah, and I'm one of those people who, as much as I love music, I will never be fully fulfilled if I'm only doing music. Like, I I have to do all these things.
Sure.
So I don't know, it's what's in my cup. Alrighty, alright, so thanks for the question, Kiyati Yoshi. I hope that that helps you. How you doing, Evan? You ready for the next one?
Yeah, I'm ready, I'm ready, I'm ready. I'm gonna go back and go back to base, get some items.
Okay, cool.
I am ready. What do we have next?
All righty, next question comes from Charlie. And Charlie— yeah, Charlie asks, hi, I'm a university student looking to start my own business. The major problem I am facing is Did we lose Rishi?
Did she mute herself?
I need to try.
Okay, hold on.
Try this for myself.
You cut out for a whole chunk of that.
Hello?
Yeah, there we go. I missed a whole chunk of that. I don't know what was happening there.
Oh, okay.
I got Charlie from university. That's it.
Okay, cool. So Charlie asked, "Hi, I'm a university student looking to start my own business. The major problem I am facing is time. The fact that my country is facing economic problems right now has motivated me to try this for myself." I was hoping you could advise me on the best way to avoid getting my ideas stolen while looking for investors. Okay. Got it. So I'm hearing him say there's a problem with time, and then there's a question about ideas being stolen with investors. So I think the first thing I would just say is I wish I knew why you felt time is not on your side. Uh, I mean, we start when we start, and it sounds like you're ready. And, and so if you're ready, just go for it. Um, but since you are at the start, like, I wouldn't be thinking about investors at this stage because there's no need for that when you're just starting out and potential investors aren't going to be interested in this stage of the business. So I think the main focus right now should be not worrying about the time issue, just start and basically just, you know, put all your love and hustle into the value that you're looking to provide as a as a small business, um, and learn as much as you can. I mean, watch as much videos here on Evan's channel. I mean, there's so much great information for anyone who just wants to start. And but yeah, I wouldn't even go into the investor area at this stage.
All right, well, my team decided to surrender. So that's not great.
That's a bummer.
That's okay. One, I love the mindset at the start of this question where it was something about the, you know, my country's economy sucks, so I want to do something about it and I want to be an entrepreneur or something like that, which I love because a lot of people take the other approach, like, I won't be successful because I'm in this country country and our economy sucks.
Right.
Two, understanding about investors is important. One, you know, doing your work on the due diligence of investor. The good investors don't— like, they're not in the business of just stealing ideas. They want you to run it. Like, I would get that all the time as a venture capitalist. Like, I don't want to run your company. I don't want to start it. I don't want to start your business. You're the expert in, you know, sewage or whatever it is that you're coming to it. I have no intention of starting a sewage business. And you know, you being so defensive around it means that I can't help you because you can't share your idea. Most investors won't sign non-disclosure agreements because they just see too many of the same ideas. I'll see too many of the same ideas over and over and over and over again, and it's just not— it's not something that would then sign over a non-disclosure because then you can't do work with the other companies. But with all that being said, it's still like your time right now should not be spent— if you only have an idea, you should be out making it happen, not trying to find investors. You have to balance where you're putting your time. Putting your time into trying to seek investment where it's an insanely low chance you're gonna get it versus actually building a company where the more momentum you build, the more easy it's gonna be to get the money to grow. I would be hyper-focused on building something that I can get some traction with. Maybe that means just start smaller. Maybe you don't get the half a million or $100,000 or $5,000 or whatever it is that you think you need to start, just start smaller. Start building up some momentum. Because any investor who will come in at this point is going to take so much of your company that it's not going to be worth it for you. Because you haven't done enough work yet, right? Like an idea is not enough. You got to go and execute the idea. So for people who just want to get paid for their ideas, again, unless you have a patent on it, unless it's— and and there's an easy fit to see how a company needs this, you don't get paid just from your ideas. You know, I have a million ideas for McDonald's. I could walk into McDonald's and think of a million things that they could do better, but that doesn't mean McDonald's is gonna pay me. So you gotta go out and actually start doing it. Build some momentum, get some traction, get some users or customers, get some media attention, start building something up so that you have something of substance. So then when you actually go to investors, you have a lot more to your business and it's a lot easier to get a yes out of them.
Nice.
That's what I got. I feel like there was a question. Let me go back. No? Did I miss a question?
Yeah, there was a lot of chatter. I did ask them if I missed something and they said no.
Oh, here, Bookfish. Yeah, it's near the top. Bookfish35 said, I think this is a weird question, but I would love some— someone's point of view. If I'm starting out as an independent author, can I consider myself an entrepreneur even though I have book contracts with publishers? That was near the top. I only saw the top. That was near the top.
Yeah, yeah, that was the question he was asking. Just kind of like, I'm glad that you went back to it because if you want I think it would be great to hear your feedback as well. I think he thought it was a little bit of a question that he just wanted to get some— he wasn't sure it was a good question for the live chat, but I think it's a great question.
So what do you think?
So the question is, how do you think— I'm trying to find it so I can make sure I'm not— oh, it's at the top, right?
Starting out as an independent author, can I consider myself an entrepreneur?
Yeah, why not? I mean, I love— for me as an artist, you know, I didn't think of myself as an entrepreneur initially, but I mean, as long as you are— I think the real definition of an entrepreneur is when you provide value to the world And then an awesome byproduct of that is that you can also, you know, build a business from it. So why would an independent author be excluded from that?
Yeah, and I think just don't get so attached to labels. You know, who cares? If you think you're an entrepreneur, then own it. You're an entrepreneur, right?
Yeah.
It's not up to me or Rishi or anybody in the chat to tell you what you label yourself as. And I think just caring less about the opinions of other people and just whatever you want to call yourself, go out and do it. I think embracing the attitude of an entrepreneur can help even if you're not an entrepreneur. I think the— you know, if I think of entrepreneurship, what does an entrepreneur mean? To me, I think about somebody who's resourceful, somebody who's creative, somebody who finds a way to get stuff done, somebody who wants to have a positive impact somewhere. You know, you can apply those things to anything. You can apply that even if you have a 9-to-5 job and you're working at a company. You can find— you can be more resourceful in how you get your work done. You can work at a company that is having a mission and you feel like you're an important part of it. You can come up with creative ideas to further that mission, you know, even if you're just working 9 to 5. And it's why a lot of people watch this channel while they have jobs and have no intention of becoming an entrepreneur, because the message is still applicable. So I don't know what the resistance is, if it's just fear of judgment. Do you want to call yourself a creative? Do you want to call yourself an author? A lot of people are like, "Am I an author? I haven't written a book yet." Well, have you written— Right? Like, who cares? Do you consider yourself an author? Have you written a tweet? Are you an author now? I wouldn't worry so much. Like, I'd worry more about getting great work done, right? Pour that energy and mental thought into making a great book and promoting it and getting the impact that you want out there, as opposed to worrying what you call yourself or what other people call you.
I love that.
Thanks for the question. I love it. Live chat, I love the live questions. Alright, well, I did the best on my team but couldn't pull out this victory. I'll continue the experiment next time though. I think it was a viable experiment. Thank you guys for watching. Rishi, the message of the day you're going to leave us with today is?
Couple of who cares what other people say you are. Or not, but do you believe that you are? I love it.
Cup of who cares what other people think. That's a long cup of, but I like it.
That's a long hashtag.
I can just imagine typing that out with a hashtag. Cup of who cares what other people think. But I like it. Cool. Thank you guys for watching. This is it for today. I'll see you guys again tomorrow morning for the gratitude stream, the League of Legends stream. Continue to believe, or whatever your one word is, and we'll see you tomorrow.
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