What NOT to Pursue as a Young Entrepreneur

✎ Get free access to our vault of PDF summaries for every YouTube video here: https://believe.evancarmichael.com/the-vault ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ To get more details on all the research and studies mentioned in this video check out the articles below: https://www.linkedin.com/posts/illaigescheit_steve-jobs-was-fired-from-apple-by-its-own-activity-7318949679277199362-QSnV/ https://www.sba.gov/blog/mentoring-missing-link-small-business-growth-survival https://www.goodreads.com/quotes/6499956-if-you-aren-t-embarrassed-by-the-first-version-of-your https://www.reddit.com/r/todayilearned/comments/2nm7to/til_in_2006_mark_zuckerberg_turned_down_a_1/ https://www.entrepreneur.com/leadership/humility-the-missing-ingredient-to-your-success/249412 https://www.inc.com/melanie-curtin/the-no-1-reason-most-startups-fail-dont-make-this-mistake.html https://embiggengroup.com/failure-is-crucial-in-innovation-the-5126-failures-behind-the-dyson-vacuum/ https://www.uschamber.com/co/grow/thrive/how-having-grit-benefits-entrepreneurs ✎ Many young business owners fail because they make small mistakes that are easy to avoid. Steve Jobs almost lost Apple because he had a big ego and did not listen to his team. Mark Zuckerberg grew Facebook because he cared more about his mission than taking a billion dollars from Yahoo. You should not try to be a lone wolf because doing everything by yourself leads to burnout. Successful leaders like Reed Hoffman say you should launch your product even if it is not perfect yet. Thomas Edison failed many times before he made the light bulb work. You must focus on solving real problems for customers if you want your startup to last. ✎ Building great habits is the best way to make this your best year ever. You should win your morning by starting each day with a clear goal. James Dyson had to try over five thousand times before he finally built a great vacuum. This shows that you need to be patient and keep working hard even when things are slow. Bill Gates used the power of partnerships to turn Microsoft into a huge success. You should find mentors and stay humble so you never stop learning. Discipline is like a muscle that gets stronger every time you do something hard. Do not let perfectionism stop your progress because taking action is the secret to winning. ✎ Self-doubt can make you feel stuck, but you can learn to beat it. Warren Buffett was once terrified of public speaking, but he practiced until he became a leader. I felt very nervous when I had to speak on a stage between David Goggins and Peyton Manning. I learned that I had to stop worrying about myself and focus on helping the people in the audience. When you feel scared, you should see it as a green light to move forward. Being a mission-driven entrepreneur means putting service first and money second. You have the power to change your life by changing your habits and believing in your big dream. ★ 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: • Nick Woodman Moved Back Into His Parents' Basement At 26. Now He Is A Billionaire. - https://youtu.be/kkjHp1ID8hQ • 10 Money Traps That Will Keep You Poor in 2026 - https://youtu.be/dO4uSwjlMUM • Don’t Quit! You’re Closer to Success Than You Think | The Stan Lee Story - https://youtu.be/bVeznGSNirQ ⚑ 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_center?add_user=Modelingthemasters 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 soc Learn more about your ad choices. Visit megaphone.fm/adchoices