Do you think a passion business is possible for others but maybe not for you?
There are many people getting paid to do work they love and living location independent lives.
It may seem like an impossible dream for you but it doesn’t have to be.
For a long time, I used to look at other people and wonder what they had that I didn’t. This lack mindset held me back for years.
I didn’t believe I was good enough or had anything worthwhile to offer because there was always someone who was doing what I wanted much better than I ever could.
Was this really true? Or was it an excuse I made up to keep myself living a caged life?
It’s easy to get caught up in negative thinking but the bottom line is that you can’t get what you want out of life until you know what you want.
Sounds obvious, doesn’t it?
Yet this is exactly where so many of us get stuck.
We want to lead a happier life doing meaningful work but we never take that first step. As a result we end up dreaming and wishing, never living the life we deserve.
My passion business only started to crystallize when I got clear on what mattered most and once I put a plan in place.
Start with the end in mind, in the words of the late great Stephen Covey.
This is exactly what I did and what I recommend to all my coaching clients.
I get them to think about the vision they have for their life and business. I ask them to create a big picture – what kind of work do they want to be doing and how do they want their lives to look in specific time frames; 1 year from now, 5 years from now and in 10 years time.
As 2014 winds down, I want to share 3 questions that are part of the process that I take my clients through to create their passion business. These questions can help you get clear and plan for a successful New Year.
How To Create Your Passion Business
1. What Does Success Mean To You?
If you could have, be or do anything you wanted what would that look like?
What kind of work would you be doing?
How would your life change as a result of your success?
What kind of impact do you want to make?
These are not rhetorical questions. It’s your life we are talking about.
It could be that right now you are doing something close to what you dream of. If so what aspects of your job do you love and would like to do more of?
There is usually an invisible thread binding what you are doing now with what you want to do.
For example, when I was working as a career coach, I loved inspiring people and helping them find better, more rewarding jobs. Although I disliked having a boss, helping my clients build a career path and find meaningful work made my heart sing.
It’s what kept me going as I planned my exit strategy for my passion business.
Looking back, I can see this passion has never left me. The main difference is that today I help women create passion-centered businesses.
So think about the things you want for yourself as a result of your business as well as the impact you want to make on other people.
These could include any or all of the following;
- using your skills, strengths and innate talents
- inspiring others to be healthier, happier, more confident etc
- living a location independent lifestyle and travelling the world
- being a positive role model to your children
- providing for your family
- creating a legacy business
- making a difference to your community
This is deeply personal and there aren’t any right or wrong answers.
For me, success is about inspiring women to build a business that gives them the freedom to live and work as they choose, and enriching my own life in the process.
2. What Kind Of Work Do You Want To Do?
This is where you need to drill down and discover your passion.
There are many ways to do this, ranging from exploring recurring themes in your personal life and career to identifying your skills, abilities, strengths and innate talents.
You could also think about what topics grab your attention and what you love to read about.
Another way is to meditate or sit in silence and simply ask yourself the question.
When we stop rushing about and allow our minds to slow down, quite often the answers come to us naturally and in their own time.
Think about what makes you come alive. Do you love working with animals, teaching people about healthy eating, coaching stressed-out executives, tutoring autistic children, campaigning for human rights?
Whatever it is, make sure it’s something you enjoy because you will be devoting several years to it and you must be able to stick with it, especially during the tough times.
When you’re passionate about your business it becomes much easier to attract more of your ideal clients and customers because your passion will shine through and they will resonate with your message.
3. What Kind Of Business Do You Want To Build?
Not everyone wants their passion business to be a huge multi-million dollar empire with an international team and offices all over the globe.
For some people a simple 6-figure micro business with minimal overheads is enough.
Perhaps you want to do everything yourself, or you want just one virtual assistant to support you on a day-to-day basis.
Or maybe you want to be able to call upon a team of freelancers, specialists who can help you as and when you need them with tech issues, marketing, copywriting and so on.
It’s important to consider the size and scale of your business as well as the level of revenue you want to earn. This comes down to your lifestyle ambitions and the goals you set for yourself.
Depending on where you live in the world and what you want to do in your life, you may find that you need to earn more or less than the next person.
$250,000 sounds like a lot of money but it won’t get you financial freedom in the UK. On the other hand, it could help you live like a queen in Costa Rica, Mexico or Thailand.
So be honest with yourself.
Use the vision you developed in #1 to get clear on the kind of business you want to create that will help you fund your dream lifestyle.
How much do you really need and how much do you want to earn in the next year?
There’s a world of difference between NEED and WANT so be careful not to confuse them.
What you NEED is the amount of money required in order for you to meet your monthly expenses and survive.
What you WANT on the other hand is the amount of money it will take to lead the lifestyle you desire.
As Maya Angelou says, you don’t want to merely survive.
You want to THRIVE. You want to GROW.
Because it’s only by growing that you can help others, live your true life purpose and impact the world.
That’s why it’s essential when you are working out your income goal that you deduct your living expenses from it.
Make sure there’s enough left over for you to have fun, enjoy your life, save and give to the causes close to your heart.
Most of all, you want your income goal to be big enough to excite you and motivate you into taking daily action to build your passion business.
These 3 questions will help you get clear on the kind of life and business you want to create and develop a simple plan towards your passion-centered business.
The next thing is to take action and keep moving forward one step at a time. Daily consistent action is the best way to beat overwhelm and make steady progress on your goals throughout the year.
Over To You
Have these questions helped you get clear on your passion-business? Please share your thoughts below.