We have a little different episode for you this week with our Misfit Entrepreneur as it was recorded live on his Youtube channel. This week’s Misfit is a man that probably needs no introduction, Evan Carmichael. Evan is the author of runaway best-seller “Your One Word. The Powerful Secret to Creating a Business and Life that Matter.” Before that, at 19, he built and sold a biotech software company. At 22, he was a VC helping raise $500k to $15 million.
What he is probably known best for is the work he does at Evan Carmichael.com and his wildly popular Youtube Channel with almost a million followers. He has been named Top 100 Leadership speakers by INC Magazine, top 40 Social Marketing Talents by Forbes, and has been featured just about everywhere.
Evan lives, breathes, and bleeds entrepreneurship and has a monster goal of helping 1 billion entrepreneurs.
Evan believes in entrepreneurs. Evan has always had an entrepreneurial streak going all the way back to when he was 5 years old, but he did not have entrepreneurs in his family. He went to university thinking he was going to be a banker, but met a couple people there who had founded a company and decide to join as an owner in the business. As Evan says, it was the hardest decision he ever had made in his life – turning down “dream jobs” that he thought he wanted to work at a startup and make $300/month.
As he says, “we sucked at the start and failed so much giving me the lowest points of my life.” He was putting everything he had into it and it was not working. But he and his partners stuck with it, figured it out, and began to be successful. They were eventually acquired and Evan then went into the venture capital business raising $500,000 up to $15 mil for companies. But, he felt a calling to help entrepreneurs get through the struggles of the journey and started EvanCarmichael.com and his Youtube channel for that reason.
At the 7:30 mark, Evan talks about the struggle of entrepreneurship and when he almost quit everything. Evan was putting in a ton of work and not getting any results. As Evan says, he could only deal with that for so long that he felt worthless and in some ways ashamed. It all culminated in him telling his business partner that he was done one day. He quit.
That was the turning the point. He woke up the next day and had some realizations:
He went back to his business partner, nothing was said, and they got to work and modeled Bill Gates strategies of selling through partnerships. Within a few weeks he closed his first deal and things went from there.
Two things Evan cites as helping him the most:
At the 16 min mark, Evan talks about some of the key things he has learned that truly make a different in success.
At the 22 min mark, Evan talks about developing the mindset of the Entrepreneur including discussions on the reason you do what you do and the environment you put around yourself, your routines, etc.
At the 28 min Mark, Evan gives his best tips on how to start a content business online and create a following:
At the 33 min mark, Evan explains his “One Word” philosophy and the principles of his book Your One Word.
Thoughts on failure?
At the 51 min mark, Dave and Evan get into a great discussion on mindset, awareness, and how to grow yourself and up your game.
Best Quote: “When you understand what you value most, then you can design a life and a business around it that helps to fulfill that value.”
Evan's Misfit 3: