Published on Jan 13, 2015
“Hey Evan! I have been watching your videos for a while now. Hope you enjoyed your trip to Asia! I am enthusiastic about entrepreneur videos. I have searched on Youtube and Google and I always get videos/articles about what to do.
I believe knowing what NOT to do is equally important. Usually, all I get is generic tips such as “dont grow too fast” but there are no concrete case studies. But when it comes to successful stories, there are specific examples we can learn from.
I was thinking if maybe you can have videos/articles analysing and explaining how some real businesses failed, especially start ups. It would be great if you can use your influence to encourage entrepreneurs who have failed to share their stories with you.
That way, the mistake will only be made by once because we all will have learnt from it Hopefully you’ll consider my suggestion”
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COMMENTS • 1,029
Nick Belanger1 year ago
Decent advice, but I’ll stick to DJ Khalid for my inspiration
The Rose Experience9 months ago
The first point is partially incorrect and with first time business startups, I believe the reason a lot of them fail is BECAUSE they don’t put making money first. They think with their hearts first, not their heads. Passion is what brought you to that point, but passion doesn’t pay the bills, you have to make money.
tomone20107 months ago
And here is the only advice when starting a business: Stop listening to people what to do or not to do. Go figure it out yourself. You can thank me later.
Disabler10 months ago
“never start a business to make money”
thats terrible advice bro..
Azen Kwed10 months ago
2 of my businesses collapsed because I jumped into the wrong partnerships.
A Foster1 year ago
Very good video, it really inspired me to continue on my path to being a full-time entrepreneur.
Products Geek8 months ago
I’m 16 and trying to follow my dream of making a successful youtube channel. please subscribe to my channel, or at least leave a like
Falney10 months ago
I can’t say I am guilty of making the perfect plan. My very first business, the plan was on a napkin, took 10 mins to write and I still got funding for it. I ran it for 6 years before selling it and forming a new business with a small group of friends, that had no plan at all and I was part of it for 3 years before getting bored, selling my shares to my friends and moving on to making my third company… The plan was just a bunch of drawings and squiggles.. Now I am making my third company and I am taking it seriously this time. 100 hours and still working on marketing. Still not over planning though. It is really casually written.
Anja Toetenel2 years ago
Great video, Evan! I only disagree with you on 1 point which is that “you don’t need a website”. You do! And it is worth the small investment. For as little as 16 euros a year and for 5 years it is around 60 euros I have webhosting plus a domain name, which gives me 5 years to make it a success. With adsense only i earn back my investment, so it is free. Especially when you want to sell your service you need a great website that offers lots of free quality information to attract clients! Having a great domain name is important, short and to the point. Promotion is free! But you need the domain and website. In WordPress anyone can build a great website. Study the do’s and don’ts before you launch and you’re on your way to amazing success!
TheKingraptor72411 months ago
Tbh everybody should know this without seeing a video. I have a feeling that the competition with other entrepreneurs is easy. Especially seeing how most people are so unintelligent and others are pseudo intellectuals.
Aïcha Diagne1 year ago
The only thing I disagree with in this video is: “You don’t need a website”. I think you absolutely DO need a website, especially if you’re in the service industry. Other than that, this is a great video and i’m sure it has helped and will help a lot of people, myself included.