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✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/th... ✎ In this video, Evan Carmichael answers a question from Freddy, one of his newsletter readers, about common pitfalls entrepreneurs face when starting a new business. Evan explains that many new business owners lack objectivity and real insight into their market, which often leads to failure. He emphasizes the importance of understanding your customer base and making enough money to survive as the first step toward building a sustainable business. Evan highlights that passion and a genuine desire to help people are crucial for business success. Instead of just chasing money, entrepreneurs should focus on what they’re good at and how they can provide real value to their customers. He advises talking directly to potential customers before launching any product or service to understand their pain points and needs. This approach helps secure early customers and generate cash flow, making the business less risky and more likely to grow. Throughout the video, Evan stresses building your business around your passion and your customers’ challenges. He warns against the common mistake of creating a product first and then trying to find customers. Instead, he suggests engaging with customers early on to tailor your business to their needs. Evan closes by encouraging viewers to share their thoughts and questions in the comments, continuing the conversation about entrepreneurship and business success. ★★★ JOIN ME LIVE ★★★ • I go live every week. Join me & ask your questions: http://evancarmichael.live/ • or You can ask your question in our Discord: http://evancarmichael.biz ★ BOOKS ★ • Momentum: https://amzn.to/3kJZIAv • Build to Serve: https://amzn.to/3XZiCSg • Your One Word: https://amzn.to/3R9qVII • The Top 10 Rules for Success: https://amzn.to/3JcNZVe • 254 Confidence: https://amzn.to/3jdh9c2 ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • Maya Angelou's Top 10 Rules for Success - • Maya Angelou's Top 10 Rules for Success • STOP Defaulting to Solo Entrepreneurship! How To Build Your Pack and Succeed Together - • STOP Defaulting to Solo Entrepreneurship! ... • Evan Carmichael’s Top 10 Rules for Success - • Evan Carmichael’s Top 10 Rules for Success ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_c... ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • My Live Calendar: http://evancarmichael.live/ • Instagram: / evancarmichael • Tiktok: / evancarmichael • Discord: http://evancarmichael.biz • Twitter: / evancarmichael • Linkedin: / evancarmichael • Facebook: / evancarmichaelcom • Website: http://www.evancarmichael.com ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe