The ONE Thing You Must Know Before Starting a Business with Friends!

What's up everybody? Welcome to another business Q&A livestream. I'm going to be playing League of Legends with J-Rise, hopefully get a win, and answering your business questions with my co-host for the next couple weeks, Jennifer Price. Jen, welcome aboard.

Good morning, good morning. I have to laugh too because this morning Adela is joining us. You might hear a few meows in the background, my cat Adela. Wants to join the conversation. So just FYI, if you hear some strange meows, that's what it is.

What kind of cat is Adela, for the audience?

She's a tuxedo cat, which is like the best kind of cat ever. They're the most social cats ever. I swear she's a dog. She greets me when I come home, and she plays fetch. It's pretty funny.

I love it. So I'm a little sick today with a sore throat.

I can hear that. I'm sorry about that.

Well, that's OK. We're going to try to pull it all together for today for processing questions and playing and talking at the same time. We'll see how it goes, but I'm excited to help entrepreneurs. Usually we do what's in the cup today, but we'll say what's the fantasy today, Jen, since Jen's one word is fantasy.

Yeah, my fantasy is that I am going to get a new client today. That's my fantasy. I like it, right?

You're gonna what today? I didn't hear it.

I'm gonna get a new client. That's my fantasy today. Oh, cute. That's great. I have a new client, a new business appointment, so I'm gonna say a little fancy that I'm gonna get a new client today.

I love that. I love that. Well, we're sending you good vibes for that too. Good luck on that.

Thank you. Thank you. Thank you so much. And of course, as usual, I do have a little bite of chocolate here for my breakfast.

Nice.

Along with my eggs and salad, which is my other favorite breakfast.

Yeah, I've got a whole bunch of smoothies and a different tea. This is a tea for, uh, you should have J-Rise's nettle tea, but this is a throat tea. So we're, uh, I'm gonna try that out and see how it goes. I've got in my Starbucks mug.

You have a, you have a, that's awesome, quote for us today, Jen? I do have a quote for us. So, um, in honor of Election Day here in the States, I found a quote by an ex-president And I think you're going to like this one. This one's from Teddy Roosevelt. And the quote is, "Believe you can and you're halfway there." I love it.

Yeah. I'm feeling better.

Yeah, a little— yeah, right? A little believe, a little fantasy. If you believe in your fantasies, you're halfway there. So just believe in it, people. Come on.

I love it. Cool. Well, J-Rize and I are queuing up, trying to find the match here. And while we do that, why don't we hit up our first question? What do we got?

All right. Sounds good. So our first question is from Srav. I hope I'm saying that right. And he says, hello, sir. I want to start my company. Can you just give me some tips? Should I self-found it or co-found it? How many problems will I have to face? And how can I grow a company? So it's kind of a multi-part question there. And wow, I love the— I love how many problems will I have to face. Many, many problems, Sharaf. So many. I think it's interesting that you're curious about self-founding it or co-founding it. I, you know, my advice would be to self-found something unless you already have an idea with somebody else, because partnerships can be tricky. And so I think it's better to go with your own gut and what you really want to do first. Before you co-found something, unless again, unless you have somebody and, you know, you have a partnership with already that you already have a passion with. And how can I grow my company? I mean, give outrageous value, right? That's what Evan always says. So those are my thoughts today. What about you, Evan?

Cool. The first one was, should I co-found it or self-found it? And I think it really depends on how well you get along with the person you're going to co-found it. There's been a lot of great companies that have had co-founders. There's been a lot of great companies that have just been self-funded— self-founded. So it just depends on the relationship. You are going into a business like you're getting married, and so you don't want to just marry somebody that looks good on paper. You need to see if you were going to work out. You have to go on dates. You have to get to know each other. So I think a lot of people rush into a decision to co-found the company because their co-founder looks good on paper, right? Like, I'm the salesperson and you're the technical person, or you're the operations person. So like, the skill sets look great on paper, but if you don't share the same values, then you're going to find that you get into conflict pretty quickly and it's not going to work out. So co-founding can be a great way to go, but you have to make sure that you share the same values as your co-founder. And I would suggest working on some small projects first to make sure you guys get along and do share those same values before deciding to go and found this business together, just like you would date before you get married. Yeah. The second question was around how many problems is he going to face? Or was that the third one?

Yeah, he was curious about how many problems we have to face and how to grow the company.

Right. So, oh, we got a game hopefully. You're going to face infinite problems.

Right.

It's one problem after another in the world of entrepreneurship. That's the life you're signing up for.

That's for real, man.

You know, entrepreneurship is one of the hardest things you're ever going to do. But if you only look at the problems, then you're approaching it from the wrong way because there's a lot of great, awesome stuff associated with being an entrepreneur. As well. It's the same thing in life. Like, you could look at life as one problem after another, just more problems and more problems and more problems. Like, how many problems have you faced this week? Probably a lot, some major, some minor. So there's going to be infinite problems. Every day there'll be a new problem. But I don't go look at my business and think, oh, I gotta fight more problems today and tomorrow and the next week. I look at the other side of it. I look at the opportunities, I look at the growth, I look at the ability to help people. So I wouldn't worry so much about it. You'll have to address it, and hopefully the thing that you're doing, you know, you love so much that you will want to overcome those problems. But yeah, don't let that crush you. There's gonna be so many problems, it's just just part of, it's part of the game, it's part of living. You know, if you have no problems, then you're living your life too safe. And then in terms of how to grow the business, I mean, it sounds like he's at the super early stage of just getting started. I would try to look at finding a first client. I would try to see how can I find my first client, what kind of value can I bring them, uh, even if it's volunteer at the start, just to understand how their business works, to really realize how you can start providing value, right? Like, your success will be determined by how much value you can bring them. We've talked about it a lot on the stream.

Yeah.

Um, and, and I think a lot of people start, uh, they start with an idea and then they start with a product and then it doesn't work out, and then they maybe never come back to entrepreneurship. You know, you, you want to create a new mug, you have an idea for this great new mug or this great design for a mug, and so you, you know, buy 5,000 mugs with this sick new design, and then you don't sell anything, uh, and you've blown a ton of money on it. Much better is to try to get to know one client, try Try to understand their problems, how you can help them. Solve it for one person, then solve it for another, then start to get paid for it, then start to get paid more for it. Get as close as you can to potential clients. If I was just starting up, I would try to get as close as I can to potential clients, start asking questions, understand what their pain points are and how I could help them. And then just keep thinking, how can I provide value? Hayden, my 7-year-old son, on the weekend said to me, "Hey Daddy, I want to be a millionaire." And so I said, "Well, you got to provide a lot of value." You got to provide a lot of value. You got to find a product or service that really helps people. That's how you become a millionaire. So yeah, be thinking about—

Yeah, Zig Ziglar, one of my favorite quotes is, You can have anything you want in life if you help other people get what they want in life.

Yeah, I love Zig. We did a top 10 on Zig and his—

I love him too.

His son or his grandson wrote to me thanking, thanking us for making it and like spreading the legacy. Um, so that was pretty cool.

That's so cool.

Yeah, yeah.

I love it. Have you guys started the game yet? Looks like you have, maybe?

We're picking— this is champion select, so we're picking who we're going to play. So JRise is back on his experiment of Nasus top, and I have Teemo jungle. And we'll see how it goes. Oh, cool. Yeah, 30 seconds and we should be in game.

All right, go get them, guys. All right, on to the next question, and this is from Abdul, and he says, "Sir, what about the intimidation that we get when we're trying to work on something new? I would be doing some new skill when suddenly I will start getting the faces of class toppers and other successful people that have been in my past failures. How to deal with them?" So I think what he's trying to say here is that he is intimidated by all the people ahead of him that have done really well, and then he looks at his own failures and he's comparing himself against people who are more successful. And Abdul, my advice to you is that you would just, you know, flip the script in your head there. Instead of being intimidated by them, be inspired by them. I know that's one of the things that really helped Evan was that he modeled the masters, right? He got inspired by other entrepreneurs and what they did right. And so look at, instead of looking at it as a comparison thing, look at it as an inspiration thing. And you gotta do you, you can't compare yourself. I think actually Teddy Roosevelt, the guy I quoted this morning, I think he had another quote that was similar. Like, I think one of the worst things you can do is compare yourself to other people. I know I'm getting the quote a little bit wrong, but. Anyway, the point is, is, you know, you gotta— you can't compare yourself. You can be inspired by somebody else, but I think you gotta do what you're best at. And, um, instead of being discouraged by things, it's just a matter of looking at the glass half full instead of half empty. At least that's my opinion. What about you, Evan Carmichael?

Was he saying his classmates or just other people?

Yeah, I think what he's saying is he said class toppers, so I think what he's saying is people at the top of his class. And he sees them and other successful people, and then he's comparing himself to them with his own past failures.

Got it.

Especially when he's trying a new skill, he says.

Yeah, yeah, yeah. I mean, I agree with everything Jen said too. I think the best comparison that you should have is is to yourself as to how you did yesterday and trying to beat that all the time. I think understanding that a lot of times the people in your class or the people in your current environment, they're off doing themselves, right? Like they're off if it's doing well at school or getting the jobs. I hear the cat. It's funny.

I know, right? She's really trying to join in.

She likes it. Feeling the energy, the cat energy. They're off doing themselves, right? And so you need to figure out, like, if you just compare yourself to them, you're always gonna lose because they're always gonna be a better them than you will. If you compare yourself to me, you're always gonna lose because I'm always gonna be a better Evan than you will. You can't You can't out Evan Evan. I think sometimes comparisons can be helpful if you're kind of chasing down a goal or if you want to model their success. You know, I look at Les Brown as a speaker that I look up to. I've talked about a number of times in the channel. You know, young Les Brown, I'm a big fan of his work. And so I can learn from that. And I can apply some of the lessons that he teaches, but I don't want to beat him, or I don't want to compare myself to him and feel bad about myself that I'm not where he's at, because I'm, I'm never going to be a better Les Brown than Les Brown. And so it's modeling the success of different people and figuring out what combination can I mash up to be the best Evan Carmichael. And I think that's where it becomes really important. Like, the people in your class, you don't need to be better than them. You just need to be better than yourself. And it's, it's an easy thing to say, um, sometimes a little harder to execute if you're in school and you're not getting the grades that other people are getting, and you're not maybe putting in the work, or you don't like the course. But you have to at some point figure out— this is what entrepreneurs do, you know, along their path. At some point you figure out, I don't want to just live in the world that other people have created. I want to put my own thing out there. I want to build my own creation. I want to leave my own mark. And then you're not judged by the same criteria anymore. You don't care what Jimmy does in class anymore because you're playing a totally different game. Um, so I think it's good to serve as inspiration, kind of like what Jen said, but, uh, not have it be crippling for you so that you don't want to take any action and you feel worthless because you haven't done things at the same scale as somebody else has. Uh, the way it's going to come is by you taking more bets on yourself, by you trying things that are totally different like stop trying to play that person's game and start trying to understand how to play your own. That's what I got.

Yeah, love it. All right, let's go on to the next question. This is from Black Sizzican 9. And here she says, I'm going to college for RN. So I'm assuming that he or she's becoming a nurse. But I don't really love it. It's the only thing I like than anything else. Am I screwed if I don't like anything? Will I ever or can I be successful? And wow, I— this is a hard one because if you don't like it, That's hard, but I think there's also a big difference between sometimes some of the things you're studying to become something and then the job itself. You know, like there are certainly some classes probably that you don't like, but the job, it might be just perfect for you. So I think, I think one of the problems I have always saw when I was, I was an advisor for my sorority in college, and I think people have this vision of what they want to be, but they don't actually really go and see what it's like in that particular job itself. And they go to school for years and years and years, and then when they actually realize what it, you know, the kinds of things they have to do when they're in that job sucks. So, at least for them personally, right? So I would highly suggest in order to really figure out whether or not it's something you really love, you know, shadow a nurse for a day. Really look at all the different kinds of nurses that are out there. You know, there's probably so many different niches. Maybe you would rather work with, you know, kids as a pediatric nurse versus— or maybe you would rather work with cancer patients or whatever. Like, look at some of your options and see if it's something that you would really love. And then the other thing I would always suggest to people is, you know, if you say that you won't really love anything, I think you definitely will love something. I think you just have to explore, figure out what it is, and maybe it's not a nurse, maybe it's something else, but just find follow your curiosity. If you follow your curiosity, I feel like that will always lead you to things that you love and things that you're passionate about. And sometimes you can find things by just trying different things along the way. So yeah, that's my thoughts. Evan, anything on that?

I like it. I think it's crazy that that we expect to know what we want to do, you know, just coming out of high school and just be able to pick the right career that we're going to spend the rest of our lives doing, right? Uh, well, like anything else, you just— something just looked great on paper, and then when you get in, it's just, it's not what you thought, and you want to do something else as you learn more about yourself. Um, you know, like, are you a cat or a dog person? And why a tuxedo cat over a different kind of cat? You know, it comes, right? It's not just by looking it up on, you know, an article online and then that's going to be your decision. Now you've got to explore and try and meet different cats and play with dogs and, you know, see what it is that actually, you know, you get super excited by, where you want to spend your time. So it happens a lot with, with careers where it's like, hey, you know, that initial drive to want to be a nurse, like, where did it come from? Was it your, you know, is there a nurse in your family? You know, your parents want you to do this. There may be that initial drive, but once you get into it, it may not be what you want to do. And I think most people don't have the courage to switch paths. Most people, once they start off on something, they feel like they've already sunk so much into it that they can't switch to something else, and then they just stay on that path for the rest of their lives, and they end up— they end up working at— like, most people wake up and drive to a job that they hate for the rest of their lives and end up just living for the weekends, and that's a pretty sad life. Um, so I agree with Jen in that I would be exploring, and maybe it's just a schooling part that you're not enjoying, and you, you know, you really love looking after people, you want it, you know, you still like the idea of being a nurse. Go shadow a nurse, go learn about it, see if it's something that is interesting to you, see if you still like that kind of work. And if you find that it's not, then go find something else. Like, explore See what makes you come alive. Go to career days. Shadow other people. Research. You know, you get an inclination. One of the things that I feel has really helped me is when I think of something, when I think of trying something, when I have an idea to do something, even if it doesn't make any sense yet, I just try to find a small way to take some action on it. Just some kind of small thing that lets me test it out. And I think it's important because you end up stumbling onto things that you never would have thought would be interesting. You know, I look at salsa dancing. I didn't know I was going to be— I didn't know I was going to love salsa. I didn't know that I was going to be a salsa dancer, that I would eventually run the largest salsa dance school probably in North America. Growing up, I didn't do salsa dancing, I didn't speak Spanish, you know, all of the things that might have caused me to want to do this, I didn't have that growing up. And so on paper, it would never have made sense. But I walked into a salsa class and I liked it and I wanted to just keep doing it. And one thing led to another led to another and, you know, here I am. And so I think the I think that is important that you don't always try to rationalize it. And if there's something that sounds interesting, just try to find some small way to test it out and see if it is something that you want to keep doing. Not putting so much pressure on yourself that this has to be the next thing that you're going to do. Just like if you're going on a first date and you need to— you put so much pressure that this has to be the one that you're going to marry. You're probably gonna screw up that first date and not give yourself the time to really explore.

So yeah, totally. I always think about this story about Steve Jobs and how he just took that font class, right? Like, he just followed his curiosity there and just explored something different.

Yeah, he dropped out of school where, you know, everybody thought he was crazy. And he wanted to drop in on classes that were just interesting to him. And he dropped in on a typography class, so it was to learn about how to— how different, you know, words were written. And that became, you know, the core of the Mac, why it was so different, or Apple's first product had beautiful fonts. But he didn't know that. He didn't— it's easy to look— it's easy to say it made sense looking back. It's easy for me to say looking back Salsa was a great decision, but I didn't know that going in. I think that's what's really important is you often won't know.

I agree. Sometimes you just follow an inclination you have and just see where it goes. You never know how it might affect whatever you're doing later in life. I think sometimes you have no idea. I'm sure Steve Jobs, it took him a while to figure out why that it was so cool for him to take that font class. So, um, things show up later in life.

Yeah, I think just finding some small way to get started is super important. I think when we have these ideas, we have these big visions for what we want to do, and it's easy to get lost in the bigness of an idea. It's easy to get, you know, have despair for, I don't know how I'm ever going to do that, how is that ever going to happen, um, you know, I'm not— I've never done that, I don't have the skills, you know, whatever, whatever you're telling yourself. It's easy to get lost in that, but it's not hard to go to one class. Like, if you want to be a photographer, it might be, it might be really hard to be a photographer, but to go to one photography class isn't that hard. So just go to the photography class and see. Right? Like to be a copywriter is a lot of work.

Yeah.

This is Jen. Jen does copy for those of you who don't know. But to go to one writing class is not a lot of work. So just go to that class and see what happens. Maybe you'll hate copywriting after that. Maybe it just sounded good on paper, but then when you get into it, you're like, oh, I don't want to do that. You know, you've gone on first dates where it was just a, total disaster and you knew right away, but it was still a good idea. Knowing is better than regret. And so just finding that small way to get started, just to try it, just to taste, have a little appetizer and see, I think is important.

Totally agree. I just want to give a quick shout out to people people in the chat. We've got Relaxing Sleep Station and Zaino, and even Sherry joined us. I hope I'm not missing anybody here. I think that's pretty much it, besides of course you and J-Rise.

Welcome everybody.

And we actually— and we also have a question from Relaxing Sleep Station, so I thought I'll just go use that for the next question.

All right, let's do it.

All right, so the question is, what strategy, if any, would Evan use after a collab to encourage viewers of the original collab video to become engaged subscribers of their own channel? And he goes on to say, we've talked about commenting on every comment on the original video, but is there anything else, either in social media or on their own channel, that someone could be doing to his own channel to encourage new subscribers? And specifically he is thinking of Zano and how he collabed with you. Is there anything else that Zano could be doing? So it is kind of a question from a licensing station on behalf of Zano. But it is a great question. I think a lot of people who have been interested in doing collabs could learn from this answer. I mean, yeah, I think obviously, you know, give them love on social media and promote on their own channel in every way you can. That is always, It's going to always be super helpful. And I think too, the more collabs you do, and cross-collab with other people, that's helpful. So maybe you could look at people that Evan has collabed with and help out their channel too. So it becomes kind of like a little mini building of the tribe, and people, you know, help support each other in that way. I don't know, Evan, do you have any more thoughts on that?

Yeah, I think, I think absolutely responding to every comment is, uh, is kind of bare minimum. Most people don't do that, and every time I do a collab with somebody, I will go on the channel afterwards, and not just immediately, but also go back consistently for the next week. After about a week, things start to die down, um, but I'll keep going back to see if there's any new comments. YouTube doesn't have a great way to notify if there's comments, um, on another person's channel. So you just kind of have to go back. Um, but I've done that, um, consistently. Uh, for some videos, uh, I've taken out an advertising campaign, uh, to help, help boost the video. I'll promote it to my own audience and let them know I have a playlist on my channel that talks about guest videos that I've done, so I want to promote their channel. I might put it in my newsletter. I'll try to be involved in the rest of the stuff that they maybe have going on. Oh, we're fighting! We're fighting! I got a kill and an assist. All right, J-Rice cleaning up. I love it. Um, so what else do I do? I think my, my ultimate goal is I want to be— I want— I don't want to see it as just a one-off collab. I think people just get sometimes too caught up in, uh, immediate results and just a one-off thing. I look at it as a long-term relationship. And so I'm, I'm also trying to figure out how I can help them beyond just this one thing. So as an example, I did a collab with Lewis Howes who runs the School of Greatness podcast. I'm a fan of his podcast. I'm a fan of his YouTube channel. Now this is even like, my YouTube channel is bigger than his YouTube channel. I have more subscribers by a huge stretch than he does, but I still put a ton of effort into the relationship. Could he help me with stuff? Sure. Is it my main goal going in? No, I just, I like helping people who are on the same path that I am. So we did the interview, you know, I promoted it on the channel. I asked him what, who are some like dream candidates that he wished that he could interview for his channel. And I tried to help him get in touch with other people. I think of somebody who was recently interviewed on my channel. She is daily tweeting out my book and I'll often retweet that and add a little happy face or much love or something there.

That's so cool.

Yeah. And I remember that. Right? Like here was one per— like how many interviews do I do in a month? I don't know. A lot. Um, and I, I, you know, I remember people, but some people are more memorable than others because of their vibe and also the, the effort. So I did an interview with this woman, Cloris, as an example. She's a great person to potentially model. Um, she asked me if I would be on her podcast. And so my default answer is always, I would love to. How about we do it on my YouTube channel so I can promote you to my audience as well? So I'm trying to be more proactive in promotion as well, so that, hey, why don't we just— we can give you some exposure and you could benefit from, you know, having me on your show. And almost everybody says yes to that. So Chlora said yes, it was for her podcast. We did an interview on my channel. And then since, she's been tweeting out my book every day. She's been promoting the video. She knew that I'm doing the book and she offered to make introductions to me to different other entrepreneurial kind of podcasts and friends in her network. She hasn't asked me for anything. She might at some point. If she does, I'm definitely going to listen because, you know, she's done so much to help me. I wouldn't look at it as just like a trading-off though. But yeah, just thinking about other ways that you can help. If you understand what they're interested in, understand how they could benefit, and just being as involved as possible in their mission. And now Zaino already is, right? Like Zaino Everybody knows Zeno in the community, in the live chat, and the gratitude streams is already promoting things, you know, on the gratitude journal, he'll promote the Twitter, the Twitch livestream. And if he needed help with something, I would— I know who he is and I would say yes if I could help, right? It's an easy yes to say.

Yeah.

So Zeno's already doing a great job, I think. Oh, we're getting some questions.

Yeah, I think—

Yep.

I was going to say, when Evan was talking, I totally forgot about the playlist thing. That's a really cool way to get people to stay on your channel. You can even create a playlist with other videos from Evan about One Word, or anyone else who has helped him. Like if he's done another interview on his channel and promoted it on One Word, you could create a whole playlist on that. So that way, if people come across your video, they might stay on your channel because they are watching all these other videos, even if they are not yours, that's okay, you can still create a playlist, and then they might see more of your other videos. And the other, of course, tactical thing is that obviously when you tag the videos, you can tag Evan in there, and One Word in there, and all those things. I'm sure you have already done that, Zaino, but for anyone who is listening, that is a great way to help it come up in the search box when people are searching for information about Evan and his book.

Yeah.

Okay, so how's the game going?

Game is going well.

Good, at least you're not losing.

Game is going well. Somebody just wrote to me, so I wrote back. We're tied, we're 16 and 16. 16 kills, 16 deaths. I have 1 kill and 7 assists, so I'm doing a lot of work here so far, but Gotta do better. This game actually favors us because the champion that both Jryze and I are playing, the longer the game gets, the more powerful we become, so this is good. If we're tied where we are now, then it's only gonna be better. We're expecting an early loss to then make it up later on, but We're not losing that much really, so this is going well. We'll see.

Cool. And Zeno, I just want to note that Zeno said thank you in the chat box to you, Evan, for answering that question and complimenting him. Awesome. All right. So next question is from Joe, and Joe asks, Evan, I'm an entrepreneur, but it's hard to really follow my dreams with school. "Some days I'll be in school for over 12 hours and it drains me out and I really hate it. I don't want to drop out because I want my diploma for a good starting job just in case my business fails and I have to make my mom proud. Advice?" Question mark. Well, that's a tough one, man, because, you know, if you're hating school and you're spending all this money on school and you're not going to use it, That's tough, but at the same time, I'm not going to be that person who says drop out of school because that's between you and your mom, right? But I feel like if there's a way that you could utilize school to help you with your business, that's probably the best of both worlds, and it will probably motivate you to do better in school if there's a way to do that. You know, utilize school to help you with the things that you're super passionate about and maybe take classes and things that will that you're just interested in, kind of like we were talking about earlier with your curiosity. Sometimes you don't know why you're interested in it. You don't know how it can help your business, but then after you take it, you realize how you might be able to utilize that passion with what you're already doing in your business. And obviously you're not telling us what your business is, but I think there's probably, no matter what it is, there's probably things in the school that you're taking that can help you with it. That's my thoughts, Evan.

Yeah, I like, I love it. That's an interesting, I like the approach. Um, I, I have the same kind of concerns Jen does in that, you know, I don't want to, I have a, there's a love-hate relationship with school. Um, I think it's important for in some respects. Um, But like the biggest thing that I learned from school is— uh-oh, uh-oh, uh-oh, I'm under attack. The biggest thing I learned from school was just the connections, the people, much more than the skills that I learned. I think if you're going to be an entrepreneur, I don't think the skills are going to be super amazing that you're going to learn in school. But if you're trying to get a job, then it is going to be Pretty important. You're making life hard on yourself if you don't have the schooling. Now, at some point you need to figure out, are you gonna live, you know, your mom's life? Are you gonna live your life? At what point is that gonna come up, right? You know, I get at the beginning you're— you want to make your parents proud and you want to do the thing that they want you to do, but at some point you're gonna have to make that decision. Decision that like, hey, I'm now going to live my life on my own, whether that's now or whether that's after you graduate or, you know, at whatever point in your life, you're going to have to figure that out. A couple of ideas come to mind if you're really not liking it. One, to play off of Jen's idea, I would say when I was in university, I used my school resources to help my business. Business. And so as an example, I wouldn't only just take classes that I thought might help me, but I also created my own class with my professor, um, where it's basically— you can use a custom created class if you can get to know one of the professors and there's something that you wanted to do for your business. You can turn that into your own self-study course. With them as your kind of mentor and guide. So no exam too, which was awesome. I enjoyed that. So that was something that really helped me. I would also always use my business, so it was one less class to take basically, right? I would use my business as a way to be involved in the different projects So like if we had a marketing assignment in the class, I would use it. I would use my company as the example, right? Like, hey, create a marketing plan for XYZ company. Okay, well, how about I do my own company, right? So I would do that consistently. I always found that that helped me through— whoa, I'm under attack. It helped— that helped me through a lot. So super appreciative of that. Oh, I got a kill, but I'm being chased. I got a double kill. All right, team is doing well. So that can help as well. I was able to go in— like, we also— my company sold to universities, and so I could go in and do my, you know, research project where really I was like getting super important important information for my company. So looking at, is there anybody that you can sell to within university and then use your coursework? Because I would go in and say, hey, I'm collecting data for my marketing class, you know, can I come and interview you? And they would say yes because it's not a sales call, it's a university research project, which they're much more likely to say yes to. So that was all super valuable for me. And helped me get through some of the pain and frustration and, you know, maybe anger of being in some of those classes. The other approach that I would also recommend is I would look at guys like Michael Dell. And one thing I found really inspiring about him was he, he wanted to do his own company. He wanted to start Dell Computers, but his parents wanted him to be a doctor, and he was was in med school studying to be a doctor. Um, under attack. Oh, I died. Very sad. First death.

Aww.

Aww, very sad. It's okay, it's okay. Some tears. Um, he went to be a doctor and his parents didn't want him to be a doctor and he said, you know what, give me one summer. To try. Give me one summer to try my computer thing. And he was just basically building his own computers from his dorm room. And he said, you know what, okay, fine, take a summer and do it. And he ended up making it successful, and, um, he never went back to school and ultimately made his parents proud. Like, your mom wants you to be successful. Just success in her eyes is go get a safe, steady job. She doesn't want to see you suffering. On the street. So, you know, it's coming from a place of love. So that could be another option too, whether you take a year off, whether you take a summer off and work towards that, and you know that that's your goal, you know, like, okay, I only have to get through until the summer, then I'm gonna do this. That can help. So both of those options are a way to kind of stay in school school, not totally give up on it yet, whether you do it over the summer, whether you try to design your own courses, or whether you use your existing courses to help your current business. And if it ends up still being just absolute torture for you, you may want to start looking at at what point are you going to say, hey, you know what, I've given this my best shot. I want to do my own thing.

Cool, I love it. I love you're using your experience there with that. That's awesome. You obviously can relate. We have another new person in the chat and the name is Choke on my Duck. That's a hilarious name. I have to say, I'm a University of Oregon duck though, and I'm not sure about that name at all. Other than maybe we're just so fierce that, you know, you're choking on us. Anyway, this person has a question though. He says he's 17 years old, still in school in 11th grade, and is curious about how to start getting passive income, start a business. Or Smith, and then like, you know, I believe team, their hashtag. I love it. So obviously she cares about passive income, and I mean, obviously there's tons of different ways to get passive income. I think passive income though is tough because I think it's better if you, you know, have some kind of service or knowledge that's based on. For example, if you're doing an online course, a lot of people who are most successful doing an online course have done service in that area for a while. They've been consulting and they know enough about it to be able to create a course for that. Obviously there's things like being an affiliate, doing affiliate marketing, and again, like if you're, for example, had a YouTube channel, you're obviously giving value and substance area. And yes, Adela's meowing here in the background again. Sherry made a comment in the chat box there. Anyway, so yeah, those are my thoughts. I mean, obviously there's tons of different kinds of passive income, so I don't know what your thoughts are, Evan, on that, if you have any.

I think people searching for passive income are for the most part deluding themselves. I think if you want to be able to be successful, I think if you want to be a successful entrepreneur and you want to make a lot of money, it's gonna come from doing things that provide value to your audience. And not just like, don't look for an easy out. It's like, I want to— like, people who just look for the shortcut often never get to where they want to go. Or even close. They're just constantly going in circles and circles and circles looking for the next shortcut, and they never do anything of real substance. If you want to have success as an entrepreneur, stop looking for passive income and start looking at something that you can enjoy doing. Like, start looking at work that you would enjoy actually working on. What is that? That's what you want to— that's what you want to go for.

Well, yes, agreed.

So I think too many people get that wrong.

Yeah, I think people who are most successful with passive income are— they're doing other things first that they're passionate about that are related to the passive income. That's what I was trying to say. Like, I think you have to really, like, do something else besides just get passive income, or like you said, you're not really gonna get anywhere.

Well, most people who are interested in passive income, they don't want to work for what they're doing. Where, like, you need to find joy in the work. There has to be something about the work that you love doing. That's the key. So what do you enjoy about the work? I just got a triple kill. I don't even know what I was doing, but I'm happy with it.

Nice!

Yeah, looks like we're gonna win! Woo-hoo! Victory! Good game.

All right, love it. Um, and just like I said, something about not English as his first language, but, um, I think we, I think we understood what you were asking, and I think Evan's answer was pretty, pretty succinct there.

Yeah, start looking at doing something that you love that can add value, that can, that can make money. So you want to make money, start, start helping people. What can you do that you love that helps people? That's it. And enjoy spending the work. Like, enjoy the time. You're gonna spend your time on something. Do it in the service of others in some method. Oh, team. I got an S+ on Teemo. I ended up going 9 kills, 1 death, and 10 assists. Jerry's had 7 kills, no deaths. And yeah, we got a victory. I'm pretty pumped. Yeah, I'm pretty pumped.

Good job, guys. That's awesome. That triple kill probably helped, whatever that was.

The what? Oh, the 3 people that I killed at the end? Yeah, no, it was good.

Yeah.

Yeah. So now I'm reading the chat. Comes from a poor family. My goal is to be rich. Yeah, you know, don't have a goal just to be rich. It's not a great goal because people who have a goal to be rich often never get there, usually don't get there. Because here's the problem, right? You say like, I want to be out here, I want to accomplish all of this stuff out here, and I'm here, and I'm going to do whatever it takes to get to that spot, and I'm going to suffer through all of this crap to get to this point where your desire to be rich isn't gonna be enough to get you through the crap, and you're gonna quit. When you get into any business, you say, "Okay, let's get into real estate. Real estate's amazing. Real estate's a great way to make money." Great, you get into real estate, and you realize you don't like it. It's not for you, but you're gonna keep doing it and then struggling and suffering and suffering, and you never get good at it. Because you don't love it, and then you never get rich. You have to enjoy the process. If you're telling yourself you're going to do anything to get there, but you don't enjoy the process, you're never going to get there. That's the problem. You're going to quit because it's going to get too hard. It's going to get too hard because the people who you're competing against love what they're doing, and they're always going to beat you. So you're going to be average at best. So you've got to find the thing that makes you come alive, that you love, that you can crush the competition at, that helps other people, that adds value to their lives. You know, there may be other people that have different views, and if you believe in them, then go and try. Go and try for yourself. Don't take it as absolute truth just because I'm saying it. But if you go out and try to create multiple streams of passive income, understand that, you know, there's almost no such thing as passive income. There's still work that has to be done unless you're buying, you know, an index fund that pays out dividends. Okay, there's no work there. You don't have to manage the fund anymore, but almost everything else, you still have to do some degree of work. And if you don't enjoy the work, you're never gonna get good at the work. And if you never get good at the work, you're never gonna provide enough value. And if you don't provide enough value, you're not gonna make enough money. So find the thing that you love doing that can really help other people's lives and go all in on that. For all the people who say go and create multiple streams of income, I think that works great when you're investing, but I think it's a terrible strategy in business. And if you look at the wealthiest people in the world— you want to be rich? Go look at the richest people in the world and see how much of what they did to build their wealth was by creating multiple streams of income. Andrew Carnegie, who's the richest man in the world, said put all your eggs in one basket and then watch that basket. So good luck.

Yeah, those are my thoughts from Evan there.

Get to go on a little rant, multiple streams of income rant.

I love it.

So we won.

Good one.

Thank you guys for the game, Jen. So the tradition now here at the end that Rishi started was Wrapping everything up, the final thought after listening to all of this, what's the final message of the day from Jennifer Price?

Yeah, I think the final message is to just explore. I feel like a lot of the questions, that was a really good answer. Um, you know, explore, follow your curiosity, you know, try things and see if you like it, and go from there in business, and I totally think it would help no matter what you're doing. That's my summary, my little extra thought of the day.

I love it, I love it. Cool. Well, great start, Jen. I'm looking forward to the next couple weeks together. Thank you guys so much for watching. I hope you have an amazing day. Go out and, and crush your business today. Happy Tuesday. We believe in you. We We hope you continue to believe and fantasize and rise.

Yes, yes.

Much love. We'll see you soon.

Thanks, Evan.