In this Ask Evan episode, Evan Carmichael responds to a viewer, Newton, who is an administrative manager considering a shift to a real‑estate business. Evan advises starting the new venture part‑time to preserve cash flow and build sustainable momentum, emphasizing daily consistent effort over short, intense full‑time bursts that often lead to burnout and failure. He stresses the importance of genuine passion for real estate, urging Newton to ensure the industry truly excites him before committing fully. Evan also recommends treating the current job as a learning platform—extracting transferable skills, taking on extra responsibilities, and using existing resources (e.g., university courses) to develop business acumen without extra cost. The video concludes with a typical call‑to‑action for likes, comments, and future episodes.
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Hi, I'm Evan Carmichael, and welcome to another edition of Ask Evan. In today's video, I'm going to answer a question from one of my readers, Newton, who asks, I'm currently working as an administrative manager. However, I've thought of concentrating my business on real estate because I own 2 houses and have acquired some land for construction. I've always thought if I could earn more in my own business than what I can earn at work, I could quit work. Your advice will always help. Newton. So Newton, there's nothing wrong with starting a business part-time. It's a great way to get started. A lot of entrepreneurs jump headfirst into a new business, they'll run it for 3 months, run out of momentum, run out of energy, and have to close down the business and go get another job. And what you really have to understand as an entrepreneur is you need to keep the momentum going and allow for time to help you build that up. So it's better to start a business part-time, do work every every day to move that business forward, even if it's just, you know, a couple hours a day. And over time, that will grow, and your chances of being successful will increase dramatically. It's much better than doing it for a couple months full-time and then not allowing for your momentum to grow. A lot of entrepreneurs will fail usually because, you know, they may not have that great an idea, but also because they haven't allowed for the momentum to grow, and they shut their business down too soon because they've run out of momentum and they've run out of money. So it's a great way to start if you can do it part-time. You have money coming in from your job, and as you get more confident with your business, eventually, hopefully, you'll be able to quit and do your business full-time. You asked about the real estate business. I will always encourage entrepreneurs when thinking about what business to start to follow something they're super passionate about, really excited about, and can invest tons of time and energy into. It sounds like you already like real estate if you own 2 houses and own a plot of land that you want to build on. So I would just make sure before, you know, committing to that that you're really excited about real estate and you think you can do, you know, invest a lot of time and energy into that, and that's following your heart's content. The last bit of advice is if you're going to have a job, this is for all entrepreneurs, if you're thinking of starting a new business, if you're going to take a job, try to take a job that gives you more than money. Try to take a job where you can learn something from it. So look at the job you're in now, you know, if you're going to have a job, try to use something from that job that you can later implement to put into your own business. So is there something from the job you're in now that will help you learn for when you're you're running your own business. Maybe there's extra roles or responsibilities you can take on to give you that knowledge and to give you the training without wasting your own money on it that can then help you later build your business. So a quick example of this, I haven't really had jobs, but when I was in university, I was already running my own business and I used my courses to help me build my business. So I created my own course in small business and all my marketing assignments all related around my business that I was currently running. So I was able to use the resources of my university to help me plan and grow my business. So it's a great way to be able to leverage stuff that you're already doing to help you develop your skills and later be able to run your business more effectively. So I hope that helps. If you guys like the video, please give it a thumbs up. I'd also love to hear feedback if you want to leave a comment below the video. And stay tuned for the next episode.
