Thinking about starting a business, but don’t know what kind of business you want to start? My suggestion is to take some time for self-reflection by asking yourself, what things do I enjoy doing in my spare time that I don’t get paid to do? Now think how much fun it would be if you could build a business around these passions, and actually get paid at the same time!
Since there’s nothing more valuable than your time (you can’t reclaim it, once it’s gone), hopefully you’re not one of those people who spends their leisure time doing things they don’t love to do. But if you are, another way to discover what you’re good at, is to take a personality type test (like Myers-Briggs, Big Five, Predictive Index, Traitify, Adaptive Resilience Factor Inventory, or the Mayer-Salovey-Caruso El).
Now that you know better who you are and what you love, what else can you expect from starting your own business around your passion? Chances are, the things you love are also the things that you do really well. When this skill gets transferred to your business, the probability of success skyrockets. To put this into perspective, think of the last time you paid to attend an event where whomever you went to see was incredibly talented at what they did, and they also seemed to have a blast doing it. Now compare that to the last time you paid to attend an event where whomever you went to see was marginally talented at what they did, and gave you the impression they’d rather be anywhere but entertaining you. I’m guessing you’d pay to see the first person again, while requesting a refund from the second person!
It’s possible that you can’t wait for Monday at 9:00am to roll around every week, so you can get back to that 9 to 5 job. Of course, that wouldn’t describe the typical entrepreneur. The typical entrepreneur puts in more than 8 hours a day working on their company. The difference is that an entrepreneur gets to dictate when their day starts and ends, as well as what they do during the course of their day. This flexibility allows entrepreneurs to weave family commitments into their schedule, so nothing truly important is ever missed.
And what’s not to enjoy about being on a journey where every day presents a different challenge to learn something, or meet someone new? Or being in a position to choose who you work with (or not) each day. If everything I’ve just described sounds appealing, you’re going to love being an entrepreneur. And you have a great chance at being a successful entrepreneur as well!
If you found this article helpful, please share it with other entrepreneurs in your network. If you have questions about anything in this article, or would like my insight on a question about any aspect of the entrepreneurial process, please connect with me on Facebook (https://www.facebook.com/thinkbigwithgeoffreykent), LinkedIn (https://www.linkedin.com/in/thinkbigwithgeoffreykent/), or Instagram (https://www.instagram.com/thinkbigwithgeoffreykent/). I also believe that 50% of entrepreneurs fail within 5 years, because they lack the resources to properly execute their vision. Leveraging what I’ve learned over a 40+ year successful entrepreneurial career, I’ve developed a methodology to help entrepreneurs build their unique customized strategy for responsibly scaling exponential business growth. To gain access to my 7-week online course, collaborate with like-minded entrepreneurs through the exclusive “Think Big” Facebook group, regularly communicate with me, and gain access to my extensive professional network, connect with me on my course page (www.thinkbigwithgeoffreykent.com/).