If you have a passion for bringing great ideas to fruition and helping the world with great products and services, you owe it to the world to become an entrepreneur! The benefits are many and the greatest of all is the ability to say so long to the dreaded “reliable” J.O.B. most pre-millennials have been taught to set their life-long sites on.
Working for someone else can be rewarding, but anyone reading this knows what I’m talking about. Jobs suck! Whereas, working for yourself, using your own ideas, and providing jobs for those who want to go down that route is far more rewarding.
Here’s 4 tips to help merge your passion with great business opportunities.
1. Get set on an idea
Finding the actual opportunities you’ll later pull the trigger on and apply every ounce of passion you have is harder than it seems. Some entrepreneurs are born out of the womb and are seemingly unstoppable from day one. Others need to find that niche idea to propel them forward.
Putting your focus on what venture capitalists are interested in is a great place to start if you don’t have ideas of your own. Sources like Money Tree and Tech Coast are both great resources. Aside from that, listening and keeping your ears open to people’s wants and desires, and asking lots of questions will eventually spark an idea or two.
2. Be ready to execute.
When an idea does find its way to the surface, don’t hesitate going for it? I’d say “what do you have to lose?” However, depending on your idea, you may have a lot to lose. But, you’re also losing years off your life, and leaving the door open for others to execute, to. So, there’s that to consider.
Pull the trigger (smartly). Research the ins and outs. Learn the regulations, permits, cost of doing business — everything you’ve seen discussed on BizEpic and others dozens of times. With that said, be ready to not just execute, but adapt along the way quickly to avoid costly mistakes, or spending too much time on a dud of an idea.
3. Hire equally passionate people.
There’s an old saying that started sometime back in the time of the horse and buggy, which has changed through the years. But, I’ve always liked “you’re only as strong as your weakest link.” Your staff need not just be strong in skill and personality, but also passion.
You can start and run a business without passionate people at the helm, but this post isn’t about running a Five and Dime or greasy spoon. If you want to put all your passion into your business, your employees need to at least come somewhere close to that passion. Same with the partners you do business with — surround yourself with the best and you’ll build the best business.
4. Set your sites for the moon!
If you’re passionate, why set your sites on building a single retail outlet in a small town, or just one successful online business. Be prepared to expand at all opportunities and never give up innovating.
If you have the passion, you owe it to the world to give your best and create as much as you can. I got this from a recent (and rare) podcast between Joe Rogan and Elon Musk (not a misprint!) The man is so wildly successful and claims his single-most burning passion from day one has been to serve others.
If you don’t have a few hours, check out the various clips found on the YouTube main page. He delves into several mind-bending topics, and best: He’s one of those types of thinkers who really thinks before he answers any question. Really epic, and that’s what BizEpic is all about, right?