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Passion Profit Work Book
Passion Profit Work Book
What I Love to Do + What Other People Really Need = Passion and Contribution
Before you do anything you with your business, you absolutely must have this part distilled with laser precision.
thing youre interested in there are plenty of other blogs out there for you. But Im guessing youre the type of person that would rather do something youre passionate about (and make a decent living), rather than be rich doing something you hate. But the money still matters, doesnt it? If youre doing something you love and no one cares, you just have a hobby, not a business. Thats ne if youre okay with compartmentalizing your passion. But, that just seems like a copout to me. Why not do what you love while making money? Why choose one or the other? You dont have to choose. You just have to carefully weigh your ideas potential before you start. And Im going to give you a process for doing that here. This guide will help you develop a business idea that you... Love Are condent in Can make the money you want with But before we get to that, I think its important to address some of the common fears with taking your gifts and offering them to others in exchange for money. The rst one is big: Someone else is already doing it better than me. Thats probably true. You might think, Why would people want what I have to offer when theres someone else out there providing a better solution? Not everyone wants an expert light years ahead of them. Many people are
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incredibly satised working with someone a few steps of ahead of them that can easily relate to their situation since theyre not so far removed. Not everyone wants or can afford the $1,000 an hour life coach. There are a lot of people happy to pay $100 per hour for a coach. And remember: No one starts out the best in the world. Michael Jordan wasnt always the greatest basketball player on the planet. Did it stop him from striving for greatness? Of course not. Most markets people are spending money in are lled with qualied people. Dont let that stop you from entering. Theyre crowded for a reason, because there is a gold mine of opportunity. But its only those that are willing to persistent through the dirt and hard rock that ever reach it. So instead of asking, Should I do this? try asking, How can I acknowledge my own greatness? Theres another big, scary fear, and its one that keeps many people from ever starting on their path... What if I fail / it doesnt work / no one cares? I have news for you: You probably will fail. Sources vary, but its well regarded that Edison failed hundreds if not thousand of times before he successfully invented the light bulb. So you have a choice, you can see each failure as a reason to quit. Or you can see it as an opportunity to learn and grow. Your rst attempt to ride a bicycle was probably a failure. Your rst attempt at love making probably wasnt the most grand performance, either. But you had to go through those awkward early efforts before you got the hang of things. The same goes for your business. Seth Godin describes this perfectly in his book The Dip. With anything worth
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doing there is a lter that separates those that lean into the challenge and accomplish something great, and those that quit right before theyre about to break through. But worse than that is not trying at all. So, right now you have a choice. Will you accept the risk of failing which is really just an opportunity to grow or will you play it safe and follow the predictable, well-traveled road? Try this: Instead of thinking about all the reasons you might fail or shouldnt do something, think about all of the ways you could succeed. List all of the resources you have and ways that you could approach your challenge intelligently. I guarantee that your perspective will shift immediately. Now that weve addressed some of the common fears (and turned them into advantages), were going to help you develop a plan to generate ideas that light you on re and serve others at the same time so you can get paid.
clear by looking at a lot of maps and mentally speculating about the terrain. But it does become clear by setting out and personally exploring it. So with that spirit in mind, lets take the rst step.
6. What are two or three examples of great work Ive done in the past? (At the end of this guide, youll be able to use some worksheets to help guide you through these questions, so please make sure to take advantage of them.) After youve reected on and answered these questions, you want to start looking for patterns that arise. Whats common or shared within all or most of your answers? You might nd that your passion is something that youve yet to explore and validate, or it might be something youve already been doing for a long time, and you just havent accepted it because it was so obvious.
Ultimately, what the voice of practicality wants to save us from is the discomfort and pain of failure. Its intentions are good, as long as they help us be smarter about our strategy, and dont simply cause us to give up. So whenever you hear this voice come up, thank it for being there to support you. And either allow it to guide you in the direction of developing a strategy (or remembering the one you already have), or simply respond that you dont know yet and youll gure it out as you go along.
There are an endless number of ways you can deliver your knowledge to others. But the key here is extracting the value you have thats in your head and turning it into some type of product or service people can benet from.
want to buy this? You might be wondering why were covering this last. After all, shouldnt you gure out what people want to buy rst, and then see if youre passionate about it? I dont think so. If you start out with the money question theres a tendency to over think things and get discouraged before you even consider your passion. Youre also likely to lean toward things that can make you money that you dont really care about. And thats a bad idea. If youre an even slightly thoughtful person, youll nd it really difcult to make money at something you dont care about. Its much easier to make money doing something you love. But if were going to follow through with this, we still need to know if people are willing to take out their wallets and hand over the cash. And we can get a fairly accurate sense of that by answering a few questions. Can you identify an existing market with people actively seeking your solution? Does your offer satisfy a deep or urgent need? Does what you have to offer give people a sense of belonging and identity? (Not necessarily a sure sign that theyre willing to pay for it, but it denitely helps.) Are you helping someone achieve a dream or fuel a deep passion? Is there a clear, externally veriable outcome that people want (ie. 10,000 free frequent ier miles or double your productivity)? You dont have to have a yes answer to all of these questions, but the more you do, the better. Remember, your customer is expecting you to answer the
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question, Whats in it for me? Now lets start putting some structure to your ideas and getting them written down. Time to spark some epiphanies.
Peak moments
Sometimes it helps to reect on peak moments from our past. What are some examples of great work youve done in the past?
A time I felt fullled in my work: A time I felt I really helped someone: A time I felt incredibly excited to get started:
Love + Money
Its time to nd out whether other people value this (the sweet moolah kind).
Idea one (write yes or no): Is there an existing market where people are actively seeking my solution? Does my offering satisfy a deep or urgent need? Does my offer give people a sense of belonging and identity? Can I help someone achieve a dream or fuel a deep passion? Is there a clear, externally veriable outcome that people want? Number of yes answers out of ve: Idea two (write yes or no): Idea three (write yes or no):
A nal word
Screening your idea(s) can do a lot for your condence, but the only way to know for sure if you can make this work is to put your offer out into the world, and say...
Heres what I have to give. Here are the gifts that I present. Heres how you can get started.
The journey to do something you love for a living is an epic one, to be sure. And now that youve prepared, its time for your vision to take root into the world.