Profitable Passion Projects, work from home gigs, laptop or lifestyle businesses; call them what you like, but they are becoming part of the norm these days. It's not just the tech geeks, entrepreneurial millenials or university graduates who are making the most of the internet and technology to get their new enterprises up and running. People facing redundancy, stay at home mums, retired baby boomers and many younger employees from a range of industries are having a go at creating a sideline business.
There is a lot of talk these days about following your passion, but many people seem to be despondent when they hear this as they don't know what their passions are.
Firstly I don't think its a matter of identifying your passions and then following them. I believe we need to identify or find something that will inspire us and drive us and ultimately we become passionate about what we are doing.
So how do we do this? What steps can we take to find something we could be passionate about?
Today seems to be the age of the modern gold rush where people from all around the globe are jumping on the internet start-up bandwagon. The early pioneers date back to between 2000 and 2005. These early pioneers are the veterans and many have established profitable income streams through their internet businesses.
There are however, many encouraging signs that this gold rush has not yet peaked and although the markets are much more competitive today than they were back in 2005, newcomers are still making a name for themselves, and it's not just the millenials, baby boomers are also doing quite well for themselves.
Firstly, tread carefully and take time to think about how you may transition from your job to working on your profitable passion project. There really are many ways of doing this and I believe everyone's circumstances are different so I won't be able to cover everything in this blog post.
Variables such as your personality, your work habits, your current repertoire of skills, your financial responsibilities and commitments, your supports and money saved, will all need to be considered. Other factors such as the economy, the type of transition, timing of opportunities and competition also need to be weighed up as a part of the equation.
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