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9 Ways to Profit From Your Passion
How can you make something better
Let’s say that your passion is playing the guitar. What void can you fill in that marketplace? For example, if you can repair guitars and realize that there isn’t a repair shop anywhere else around, that could be a business opportunity.
You also need to ask yourself how you can make the industry better.
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Align your decisions with your vision
Develop a presales waiting list
.... with your early supporters. Get people excited in advance. There is a risk if the production run goes south, but this is a good way to pay for early production costs.
You can’t take “no” for an answer
Just because somebody tells you no, that’s their limitation.
Just keep pressing forward until you feel you’ve come to the end of the path, but do not let the end of your path be because someone else does not believe in your idea.
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Benefits of a learning culture
During the last recession, companies that invested in their employees, in part by providing the training they needed to move forward in their careers, enjoyed profit gains of 26 percent, compared t...
When hiring, screen for learners
- Ask about passion projects. Learners tend to pursue something else outside work (training for a marathon, playing with a band, etc.)
- Focus on curiosity as much as hard skills. Bring up problems currently facing the team and see how the candidate responds.
- One of the most important things to a learning mindset is the ability to admit you don't know something. So be aware of how they approach the things they don't understand.
Learning as a company policy
This means explicitly defining ongoing learning as a core company value.
Empowering employees can mean providing the time or money to enable learning - in other words, offering learning opportunities as a job benefit like health insurance.
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Desire
We always work the hardest for the things we are most passionate about.
Choose your destiny and invest yourself in those fields that most interest you.
Don't become an expert at the familiar
This type of comfort breeds something lazy in us and we only do what is expected of us, but do not go beyond.
Crave what is new and unexplored, and fearlessly pursue those areas.
Choose to excel
Effort counts twice as much as genius or talent.
Commit to being a person who wants to be more, do more, and consistently test the limits of your capacity. Embrace the responsibility and enjoy the freedom that comes with it.