How to find your passion (for profit)

I talked to a guy who invested in a premium expensive course about starting a business but haven’t started yet from what he learned.

He asked me to give him an advice.

I told him that he needs to pursue his passion.

As you know, entering to entrepreneurship is difficult especially when you are starting out.

That’s why it’s necessary to venture in a business that you are passionate about.

If you really love what you are doing, you will become persistent even if you will experience difficulties and hindrances along the way.

You may ask, “Marvin, how can I really find my passion”?

Well, here is my advice.

You have to evaluate and inventory yourself.

You must focus on important things or habits that can give value to people and not on non-sense things like watching TV.

  1. What are the things or habits that you love or enjoy doing? Do you love travelling? You can start a travel agency or a blog about it.
  2. Ask yourself; what are the things or habits that you spend most of your time with? Do you always plant vegetables or fruits? Perhaps you will succeed in agricultural business.
  3. What are the things or habits that you like doing even at late night? Do you spend late at night reading books about fashion? Then, you may start a business selling or creating fashion dress or shoes.
  4. Things or habits that excite you? Does coding a program fire you up? You may look into creating an app that may help people in their daily lives or solve their problems.
  5. Things or habits that you will still do even if you are not getting paid (just for a start)? Imagine this scenario for a while. You love speaking in front of people and then your friend asked you to host a party without a fee. Are willing to do it for several times? If yes, you may pursue a business around it like being event coordinator or a speaker.
  6. Ask your partner, families or friends what are you good at? Sometimes we really don’t know ourselves that is why it’s important to ask others what they are seeing from us.
  7. What are your skills or talents that you think can help solve other’s problems or can give value to their lives. Are you good in cooking? That’s an option for you to build a food business.
  8. What are the material things that you mostly possessed? Look around in your house and check those things. Do you have a lot of hiking gears and stuff? You may build a business around it like selling hiking stuff or be a coach.

I know not all kind of passion is profitable.

Once you discovered it, you have to validate it in the market.

If someone is doing it, that’s means that there is a market about your passion.

Also, if you have competitors related to your passion then it’s a good sign.

It means there are customers who are willing to pay for it.

 

To your financial success,

Marvin Basa

About The Author

Marvin Basa

Marvin Basa is a financial literacy advocate who helps Pinoys to have successful financial lives.

1 Comment

  • sundae

    Reply Reply August 3, 2016

    Hi Marvin,

    This is a good read.

    Personally my passion is music and encouraging/advising people.
    I’m a full time accountant here in the UAE. I get to do stuff related to my passion but have not thought about creating an income stream yet out of these. I’m still at that stage where I’m still eager to hone my skills before exploring opportunities to build income around the things that I love to do.

    I love accounting too by the way. and writing too 😀

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