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why you should not find your passion in business

Does Passion for Your Business Lead to Failure?

why you should not find your passion in business

As always with our podcast and blog, you can listen to the content or read it. But in this case, we think you might get a kick out of hearing the fun story we share instead of just reading it. Just wanted to let you know. (Click PLAY to listen. Duration 5:13) ~ George & Mary-Lynn

This post was inspired by a great post over at Tech Cocktail called
How Passion Blinds Entrepreneurs. It’s part of their interesting series on The Psychological Guide to Starting Up.

They’re talking about the mental and emotional sides of entrepreneurship. We love it – it’s why we started The BIGG Success Entreprenurturing™ Center. Just like our brains, there are two sides to owning a business – the logical and the emotional.

The Tech Cocktail series is also very timely, since we’re celebrating
Small Business Week here in the United States. But we digress – back to passion talk.

If you’re an entrepreneur-in-the-making, you will often be told to “find your passion.” But we got to thinking…

Does passion for your business lead to failure?

Yes.

Here’s why:

When you start a business – it’s not a fling, it’s a marriage.

Trying to meet an idea

Picture yourself in a crowded bar. There’s you and a bunch of other future entrepreneurs.

You’re all there for the same thing – to pick up an idea.

You look around the room. An idea catches your attention.

You walk over to it and offer to buy it a drink. While you sit there, you get to know this idea a little better.

But there’s no chemistry. So you move on.

You repeat this process again and again. There are a lot of ideas in this bar.

But you’re starting to get frustrated. You’re about to give up. Maybe you’re just not meant for this life. You settle your tab and head toward the door.

Then all of a sudden…

Seeing the hottest idea ever

A new idea just showed up. Your head turns. Wow! You can’t stop looking at this idea.

It’s embarrassing. You hope the idea doesn’t notice. But it does. And smiles back at you.

You stop dead in your tracks. You approach this new idea. You start talking – you can’t believe how much you have in common.

And you just can’t stop staring at it. You can’t help yourself. This idea is hot! By far, it is the most attractive idea you have ever seen. It deserves your full attention.

You and the idea go out on several dates. You’re falling in love. You’ve never met an idea like this one. You just click. Romance blooms.

You commit to this idea. It’s your one and only.

And that’s when the trouble starts…

Falling out of love with an idea

When you were just taking the idea out on dates, you still had your own space. Now you’re sharing space. And this idea has some quirks which just drive you crazy.

The idea doesn’t fit in with the people who you want to help the most. They say they don’t get this idea of yours.

The idea requires more money than you ever imagined. You’re not sure if you can keep it happy. After all, you’re not rich – yet.

The idea also demands more of your time. This idea you’re hitched to is demanding!

The passion you once felt is gone.

You can’t take it anymore. You divorce the idea. Another marriage failed.

But it doesn’t have to go down like this in your business…

As with relationships, passion is the starting point in business. But lasting relationships move from the passion phase – where you don’t see the quirks – to a deeper love – where you clearly see and fully accept the idiosyncrasies.

So take your idea out on some dates. But be sure you’re looking at it without stars in your eyes. When you’re not just in love with your idea, when you truly love it, you’ll know you have the idea you can live with long-term.

And don’t ever forget – love is a verb. So take action. It leads to BIGG success!

Do you think passion for your business leads to failure?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00866-061913.mp3

Image in this post from stock.xchng

From Idea to Success

the long road from idea to BIGG SuccessIt’s a long road from idea to BIGG success. However, we want to reduce it down to four steps that can be summarized with the acronym ICAT.

Ideas float.
C
oncepts emerge.
A
ction commences.
T
ransformation ensues.

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast.


iPhone/iPad Podcast Player

[haiku url=”http://traffic.libsyn.com/biggsuccess/00749-110111.mp3″ title=”The BIGG Success Show #749″]
Ideas float

Ideas are amazing things. Someone floats an idea your way. In a completely separate conversation, someone else floats another idea.

These two seemingly unrelated ideas float around in your head. They may mutate together. They may spark other ideas.

Before you know it…

Concepts emerge

We have learned that our best concepts come after our ideas have fermented for a period of time.

We get an idea. We talk with people. We refine the idea.

We hear about another idea. We see a fit with the concept that’s developing. The concept gets tweaked.

Keep gathering information. Keep researching. Keep asking questions and searching for answers.

Prove out your concept. Refine it so you can explain the problem you’re solving in ten words or less.

Then…

Action commences

This fits the acronym, but we really should say: “Commence action.”

Action doesn’t naturally occur. You have to make it happen. This is the stumbling block for many people.

It’s all about inertia – an object in motion stays in motion. But it takes tremendous effort to get the motion started.

So take action so that…

Transformation ensues

Here’s an important principle to remember: you act on your concept to gain new information, not to prove it right.

You may learn that your concept misses the mark. Abandon it and start the process over.

You may learn that you need to tweak your concept. That’s fine. Do it quickly.

You may learn that your concept is on target. Determine what you need to do to push it further. Then put the proverbial pedal to the medal.

In the process, you will transform. You will grow personally and professionally. Remember the acronym ICAT to go from idea to BIGG success!

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00749-110111.mp3

Image in this post from stock.xchng

What’s Hot in 2009: Businesses

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. Today, we continue the five-part series by looking at business opportunities.

In the last quarter of 2008, we witnessed some significant shifts in consumer behavior. We’ve written an article on hot businesses for 2009 after doing extensive research on how these shifts will affect businesses.

___

___

You gotta know when to hold ‘em

One of the things we learned is that people are holding on to what they have longer. So if your business idea involves replacing something old, think again about starting up in 2009.

But if you know how to repair something, or can partner with someone who does, 2009 is a great time to get started. For example, one of the hottest businesses in the country right now is shoe repairs. People are repairing, rather than replacing, even the basics.

Every second counts

Somewhat related to repairs, if consumers have to replace an item, they’re often looking for something used. Businesses that sell second-hand items are thriving right now. Resale clothing shops are reporting record sales. From kid’s clothes to wedding dresses, consumers are buying previously worn garments.

Used office furniture suppliers are also doing well. While buyers are feeling stingy, they’re finding it hard to resist some of the premium quality furnishings flowing out of financial institutions these days.

Used book stores are also reporting strong sales as people return to reading as an inexpensive form of entertainment.

It’s a small world after all

The overwhelming majority of businesses are really, really small businesses. They consist of one or two people, in many cases operating from their home. It appears that these tiny businesses – which have been dubbed micro-businesses, are only going to continue capturing a larger share of the total business pie.

What special skills do you have? What are you an expert at … or could you be an expert at?  Thinking along these lines may help you discover your opportunity. A lot of the best opportunities are businesses you rarely hear about because they’re small niches within a larger category so they’re hardly newsworthy.

Just like other consumers, businesses are looking for ways to save money. If they can contract for needed services, rather than hiring an employee to provide them, they don’t have the costs that go with a full-time employee. They can also maintain more flexibility to adapt in a rapidly changing world, which is worth money to them.

From your perspective, look at it this way – instead of a job serving one employer (think of your employer as your only customer), would you feel more secure if you had ten employers (since it’s your own business, you’d call them clients)? If one of them stops doing business with you, you might only lose ten percent of your income.

It may sound crazy to many people to even think about starting a business right now. But keep in mind that many of the most successful businesses began in a downturn. You may discover it’s the perfect time to find your bigg opportunity! 

___

Get the tips and tools you need to be a BIGG success when you
subscribe to the Bigg Success Weekly – it’s FREE

___

Thanks for reading our post today. Again, check out the article we've written for more information on businesses that will be hot in 2009. Join us next time as we continue this series by looking at threats to be aware of in 2009. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00302-010608.mp3

Related posts

What’s Hot in 2009: Careers

What’s Hot in 2009: Threats

(Image in today's post by MISHA)

What's Hot in 2009: Businesses

maple_leaf_foods_logo This week on The Bigg Success Show, we’re taking a look at opportunities and threats in 2009. Today, we continue the five-part series by looking at business opportunities.

In the last quarter of 2008, we witnessed some significant shifts in consumer behavior. We’ve written an article on hot businesses for 2009 after doing extensive research on how these shifts will affect businesses.

___

___

You gotta know when to hold ‘em

One of the things we learned is that people are holding on to what they have longer. So if your business idea involves replacing something old, think again about starting up in 2009.

But if you know how to repair something, or can partner with someone who does, 2009 is a great time to get started. For example, one of the hottest businesses in the country right now is shoe repairs. People are repairing, rather than replacing, even the basics.

Every second counts

Somewhat related to repairs, if consumers have to replace an item, they’re often looking for something used. Businesses that sell second-hand items are thriving right now. Resale clothing shops are reporting record sales. From kid’s clothes to wedding dresses, consumers are buying previously worn garments.

Used office furniture suppliers are also doing well. While buyers are feeling stingy, they’re finding it hard to resist some of the premium quality furnishings flowing out of financial institutions these days.

Used book stores are also reporting strong sales as people return to reading as an inexpensive form of entertainment.

It’s a small world after all

The overwhelming majority of businesses are really, really small businesses. They consist of one or two people, in many cases operating from their home. It appears that these tiny businesses – which have been dubbed micro-businesses, are only going to continue capturing a larger share of the total business pie.

What special skills do you have? What are you an expert at … or could you be an expert at?  Thinking along these lines may help you discover your opportunity. A lot of the best opportunities are businesses you rarely hear about because they’re small niches within a larger category so they’re hardly newsworthy.

Just like other consumers, businesses are looking for ways to save money. If they can contract for needed services, rather than hiring an employee to provide them, they don’t have the costs that go with a full-time employee. They can also maintain more flexibility to adapt in a rapidly changing world, which is worth money to them.

From your perspective, look at it this way – instead of a job serving one employer (think of your employer as your only customer), would you feel more secure if you had ten employers (since it’s your own business, you’d call them clients)? If one of them stops doing business with you, you might only lose ten percent of your income.

It may sound crazy to many people to even think about starting a business right now. But keep in mind that many of the most successful businesses began in a downturn. You may discover it’s the perfect time to find your bigg opportunity! 

___

Get the tips and tools you need to be a BIGG success when you
subscribe to the Bigg Success Weekly – it’s FREE

___

Thanks for reading our post today. Again, check out the article we've written for more information on businesses that will be hot in 2009. Join us next time as we continue this series by looking at threats to be aware of in 2009. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00302-010608.mp3

Related posts

What’s Hot in 2009: Careers

What’s Hot in 2009: Threats

(Image in today's post by MISHA)

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Answer These 3 Questions to Get Money for Your Business

By Bigg Success Staff
04-30-08

Bigg Success in Business

jockey 

Most businesses need some outside financing to succeed. Yet attracting capital isn’t always easy to do. Money people – angel investors, bankers, venture capitalists – bet on jockeys, not horses. They bet on you, not your business.

That’s not to say that you don’t need a good business idea to attract outside funding. Great managers in troubled industries usually lose the fight. Good managers in great businesses will probably do just fine.

So financiers definitely do consider the “horse” as well.

However, all else equal, it’s the “jockey” that wins the race. So they ultimately put their money behind you.

What’s your track record?
Ideally, you’re seeking financing because your business is already successful and you need money to take it to the next level. If that’s not the case, don’t despair. If you’ve successfully run a similar business before, your odds are still good. It’s also important to maintain a good credit score. 

How will you handle adversity?

Your financiers will be trying to determine how you will respond during the inevitable tough times. They want to know that you will work with them, not keep them at bay. Discuss how you overcame past hurdles to put their mind at ease.

Can they work with you?
This is the ultimate question. They want to feel like the chemistry with you is good. You will listen when they offer advice. You will cooperate with all reasonable requests. You will care for your interests by watching out for theirs.

Hear today's lesson and laugh on The Bigg Success Show. 

Subscribe to the Bigg Success feed.

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(Image by Banamine,CC 2.0)