Many people ask me how I was able to turn my passion into a full-time business, so I thought I'd share some tips for those of you who are thinking about venturing out on your own.
Do You Have a Positive Mindset?
First, I have to say that starting your own business is not for the faint-hearted. If the thought of failing gives you a severe anxiety attack, then this may not be the path for you because there will be many times that you fail. If you can learn from those failures and move on with even more focus and passion, then you will get far.
When I launched my very first online business, I went in with the mindset that I was going to be doing this for the long-term. I was open to anything and soaked up as much information as I could. It was 2001 and the idea of online businesses was pretty new. I really had no idea what I was doing, but I was determined and driven to succeed.
I think it’s very important to have a positive mindset, have the confidence to succeed, and really, truly believe in yourself and your abilities. Just know in your heart that you will succeed. Heck, even just taking that first step is considered a success! Not very many people are even willing to take that first step.
What Business to Start?
One of the first questions people ask when they want to start a business is: What type of business should I start? Should I offer a product, a service, or both? What niche should I focus on?
I always tell people to start a business in something they have a passion for. Ask yourself what your interests are or what you like to do. The more you enjoy it, the better. Remember that this is something that you will spend a great deal of time doing, so it has to be something you’re passionate about. What I like about my writing business is that I really enjoy it so it doesn’t really feel like work!
However, if you’ve found an untapped niche that you think you can make money with but you aren’t really interested in, perhaps you could hire someone to manage the business for you.
Don’t Take Out a Business Loan....Yet
Before you try to get a business loan or find investors for your business, I suggest starting small and investing your own time and money for at least 3 months to see if this is a business that you really want to do.
It’s Not About the Money
I always tell people to have fun and to focus on the customer, not profits. Think of your business as a vehicle to bring value and enhance people’s lives. People are attracted to businesses that put the customer first and are sincere in helping them.
How about you? Do you have any tips for people who want to turn their passion into a business?
Ready to turn your passion into an online business? Check out the Online Business Resources blog for more articles.