Turning a Passion into a Business
The short answer is, for some, yes. The reason why some aren’t successful in making the transition is because there are so many other components to running a successful business than just being good at the product or service that you plan to sell. One major reason that some aren’t successful is because they fail to plan. I could talk about that all day but for the sake of keeping this short an succinct, I’ll simply share with you my business planning system and let the system lead you through creating your first business plan.
For now, I want to talk about the absolute most important part of the business, YOU.
Jesse Blanco shared with us three tips on how to successfully make the transition to entrepreneur and turn your passion into a thriving business.
Co-Authored by Jesse Blanco
Be Willing to Sacrifice
Running a business takes a lot of hard work and dedication. It takes a while to build a brand, a solid business rhythm, a consistent client base and ultimately a thriving business. You have to be willing to work when others are out having fun. You have to be willing to work nights and weekends while others are out at summer barbeques. Don’t get me wrong, it’s not all work and no play but playtime is definitely limited when you’re in the start-up phase.
Build Up Resiliency
Part of ACE Planning is emotional resiliency. Pursuing a dream is incredibly gratifying, but also difficult, lonely and punishing. The ability to bounce back from taking a punch is essential. Every business owner hears no. Everyone experiences close calls with the big win. Being a business owner can sometimes be an emotional rollercoaster. Experience those times. Process those emotions, then, move on.
There’s no room for fear in a business. You must be willing to take risks. Don’t make wild risks. Make calculated risks but there is absolutely no room for fear of failure in entrepreneurship.
Success is a Journey, Not a Destination
Don’t lose sight of why you started the business. Remember the passion you have for the product or service you are now selling. Embrace your ‘why’; meaning let your mission guide your actions. When you are clear about maintaining integrity and impact, you are less likely to lose sight of why you started your business and you’ll embrace all of the components of being an entrepreneur… the good, the bad and the ugly of it.
There will be small successes along the way, celebrate them. Celebrate everything that comes along with being a business owner. The last thing you want to do is dread going to ‘work’. You have control of the culture and environment that you create inside your company. When you learn to embrace the journey and integrate the business into the fabric of your life and keep your mission at the heart of everything you do, you will enjoy the journey more.
Your ACE Plan
Awareness: Get to know yourself and your business.
Creativity: Define areas for you to add value in new ways and on new platforms.
Emotional Resliency: Define self-care and how you will practice it in order to maintain health and resiliency.
Need a little more guidance planning for the success of your business? I'll let you in on a secret - I need guidance all the time! Really! The absolute best thing I have ever done for my business was to decide not to do it all alone.
That's why I built the DoverDrive Experience. I know what it's like to carry the weight of a growing business on your shoulders and feel the pressure of having to know everything at all times. It's exhausting and impossible.
Inside the DoverDrive Experience, you're getting learning/doing content shared with you EVERY week. That means you create a cycle of business development.
You see, the biggest mistake that business owners make is that they only work ON their business when something isn't going right or when they don't have enough business to meet financial goals. The truth is, if you work on yourbusiness continuously, you'd have less problems and less periods of feast or famine.
Join us inside the DoverDrive Experience and let's get started GROWING your business.