What if I don't have the money and luck to continue?

If you think that you need a lot of money and a lot of luck to have success in business and you're waiting on this stuff to happen, you're never going to make it as an entrepreneur. You make your own money and you make your own luck. That's business. Hi, I'm Evan Carmichael. I believe that hungry entrepreneurs deserve help. And I got a question from a reader, Tarek, who wrote in saying, "Hi Evan, I agree with you, everything you're saying." "but what if somebody who already has passed the startup steps but does not have the money and luck to continue? Can he survive?" Thanks for the question, but I think it's way off base here. You don't need a lot of money to start up. You do not need a ton of money. You do not need an investor to launch your business. The way to launch is to bootstrap it. Go talk to your clients, offer service, get close to them, get somebody saying, "What you do is of value and I wanna pay you for it." You have to build momentum on your own. If you look at the most successful entrepreneurs in the world, look at how they got started. It was bootstrapped. They didn't have rich uncles giving them tons of money. You have to get this started on your own. You have more success because you're building around clients, but you're also spending your time on the right things. If you want to go out and get an investor, first of all, it's going to take up all your time. Finding investment is a full-time job, and that means you're not spending time on your business. Growing it, doing the things you should be doing like talking to customers. The second thing is even if you do get an investor, they're gonna kill you on your valuation. They're gonna take so much of your business or give you such bad terms that it's not gonna be worth it for you because you don't have anything yet. You need to have sales, you need to have some momentum. You don't have to have everything figured out, but you need to have something. You need more than the plan. If you go in with no sales, no customers, you will get killed on your valuation. If you gave up half your business, is that acceptable for you? For a small amount of money? Wouldn't be for me if I thought I was on a winning idea. So don't waste your time at the start going after investors. You make your own money. You make your own money by talking to customers, by solving a problem, by building around their needs, and having them say, "Hey, I love what you do. I'm gonna pay you for it." Even if you're starting small, you get that money, you put it back into your business. You bootstrap it up. That's how you build momentum and create your own money. As for luck, you gotta make your own luck. Luck comes when you prepare. Luck comes when you're working hard. Luck comes when you're waking up every day and giving everything into your business. Then you get lucky. Then the people on the outside say, "Hey, that guy got lucky." It's not luck. It's hard work and preparation. You gotta grind it out. You will make your own luck. Nobody gets lucky. They're ready for it. There's no overnight success story. It's a lot of hard work, blood, sweat, and tears that go into making those companies successful. And people from the outside don't see it, but it takes that time to build it up. You gotta put it all into it. The harder you work, the more of yourself you put into your business, the luckier you're gonna get. As long as you hold off and you think money and luck is holding you back, then it's gonna hold you back. If that's what you believe, that's a limiting personal thought of yours, and it's gonna hold you back. From being able to build the company that you deserve to build. Being the best version of yourself, building an awesome company that you can be proud of. Put your hat on and say, "I made that thing." You gotta get out there and grind it out. You make your own money and you make your own luck. That's all you need to succeed. For those of you watching, you like the video, please give it a thumbs up below and I'll make more videos for you. And I wanna hear what you have to think. Please leave a comment below if you're talking about this video specifically, or if you have a question for your company, I'd love to help answer it for you. I really love seeing the comments come in, so thank you so much, and I'll see you on the next episode.