HOW TO TURN YOUR SKILLS & PASSION INTO YOUR BUSINESS?

Do you think that you need to start your business? Do you want to turn your skills and passion in to your business? And do you often realize that I need to figure out a way to make more money? You are not the only one who is thinking this way. There are many different ways you can use to cope up your income goals using your skills and passion. Your accumulated experience over your past career can put you in a stable position to start a business with better job security. Or if you have a fear of unemployment, you can simply turn your skills and passion in to your business and start earning a handsome amount, let’s see how?

What is Passion?

Passion is any powerful amorous feeling or desire for something. It’s all about emotions and desire, what makes you feel good and what you want to do in your life. 

Bishop T.D. Jakes quoted passion as:

“If you can’t figure out your purpose, figure out your passion. For your passion will lead you right into your purpose”

Your passion determines your purpose, but somehow you put it aside because of your family, friends, and financial pressure. It doesn’t mean you are giving up your desire, but practically you need to cover your expenses first. In the beginning, you try to find some work to earn your bread and butter. Some people don’t recognize their talent or consider their passion not worthy enough to carry out as a career. It would be the best choice to give it a try. How do you know it’s not valuable unless you haven’t put that effort into any field? 

Denis Waitley quotes about passion:

   “Chase your passion, not your pension”

How to identify your skills and passion?

Before you start a business based on your passion, the most important thing is to know how you will identify your skills or what you are passionate about:

• Firstly, ask yourself why you want to be an entrepreneur.
• What task/which thing do you do well?
• Analyze what you do best in your current job.
• Recall your past education, work experiences, and difficulties you face until today.
• Analyze skills you’ve gained through your daily routine.
• For a different perspective, ask about yourself from the people you trust and respect what they think you’re best at doing.
• List down your strengths and skills you are good at and analyze which needs to be polished more to become a career guide.
• Determine what makes you unique. What do you think makes you different from others?

The best practice is to overlook and pay attention to your activities and habits that you inherit naturally that stand out in difficult or emergencies.

How to turn your skills & passion into a business?

 You have worked on your skills. Now you should follow these steps, so your passion can become a profitable business.

Here they are:

• Decide your direction

Once you determine what skill you are good at, finalize it to move forward and set your career goal. Don’t be afraid!

What skills you’ve learned from your job can be transferred to another line of work. If you are doing a job in one niche and want to switch to a completely different direction of work, it’s completely normal. Those skills will be beneficial to your business. Skills that provide enjoyment can give you meaningful indicators regarding your career direction.

 

• Stay on your job and add value to your passion

Don’t quit your job suddenly to start any business. Quitting a job is something that you have to earn it. You should not skip your job and go full-time into your business unless it pays you at least 75% of your salary. First you should see challenges as opportunities because they encourage a trigger in the brain and embraces it with a primed mindset of success.  

 You can also learn new skills to add value to your business. Read books, watch tutorials online regarding your skill, join online social media groups to learn a specific skill, download skills apps and you can also do free online courses and training. Find a coach or a mentor to train you.

 

• Find profitable business ideas for you

Search for answers for what you do with your passion. How can you fill in the gap in the specific niche? How do your skills meet a need in the marketplace? Is there any market for your estimated product or service? Why do people buy?

 Turning your passion into a business is challenging, so don’t be afraid to take risks. Search for unique and profitable ideas related to your skills. You can introduce new ideas, concepts, technology, or just a fresh approach to something. You should read and educate yourself constantly. Connect with like-minded people on social media, accept advice and keep the desire to grow and learn a lot. Mark Zuckerberg quotes ideas:

  “Ideas don’t come out fully formed, they only become clear as you work on them. You just have to get started”

 

• Seek professional guidance

Road leads to success require hard work and persistence. Many times seeking professional guidance is going to save you from messing around. There are many free and low-cost resources available on social media. These resources can assist you in doing everything, such as conducting market research for your launching product or service, writing a perfect business plan, making a good marketing strategy, and lending a professional advisor or a mentor.

 

• Figure out ways to monetize your product/service

Many small businesses gave up in their early stages as they didn’t plan well or figure out ways to arrange finance, ultimately failing to catch up. You should analyze the following points: 

• How are you going to make money for your product or service?
• Do you require funding? Should it be through a lease or bank loan?
• Will you need to apply for a bank loan now or after some time?
• How much do you need to clear each month to repay the loan?
• What are your start-up costs and other expenses?

You cannot run a business effectively if you don’t have a grip on your finances. Also, you have to manage your expenses and business expenses separately. Your next step is to make a perfect business plan.

 

• Develop a business plan and create a viable product 

A business plan is a roadmap or a detailed plan about what you plan to do and how you plan to do it. It should be well maintained and cover every tiny detail about your business. It paints a realistic picture of where your business is heading. A business plan includes:

• What are your goals? 
• What challenges might come your way? 
• How do you overcome those challenges? 
• How to be competitive? 
• How to create value and gain customer trust?

Create a minimum viable product or a sample to test your market and see how it gets responses from the customers. A viable product is an original item with minimum features that allow developers to get a quick and good idea about customer behavior. Observing people’s interaction with a product or service allows you to make amendments before the launch. 

 

• Do it unique

Try to attract customers or clients by using a unique strategy such as providing good customer service, using attractive packaging, and offering discounts and promotions like a 10% discount to the first 50 customers. You can also ask for their feedback for more improvement. Sometimes, customer responses shape your product/service beautifully.

You can also advertise your product or service on social media platforms like Facebook, YouTube, Snapchat, Instagram, and others. Moreover, you can also market your product/service differently from your competitors to attract more customers.

Conclusion:

What you love to live for? The answer may be your passion. So your passion is your life and you love to achieve your goals and enjoy living with it. You can not work with something of less interest because it won’t satisfy you and please you but your PASSION.

So, why not turn it to make a living!