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Can you recognize signs that your company's culture isn't working? Get advice from the experts on what to look for–and how to fix it.
Learn moreStarting a business is, in many ways, about finding your passion. It’s about deciding what kind of business you want to have and how you want to run it. Many people have spent years turning a spark of an idea over and over in their heads before they open their doors; others know they’re unsatisfied in a 9 to 5 office environment, know they want to be their own boss and build something from the ground up, but they’re not sure what that business idea is. If you’re in this place of limbo, I’d encourage you to join me in a little exercise:
I know it sounds a little silly, but I want you to spend some time thinking about what you enjoyed when you were a child. Specifically, think about when you were 11. What did you love to do? What was your passion at that time? Maybe you were interested in cooking, or spent your spare time decorating your room, or ran a heck of a babysitting business and took joy out of depositing your wages into your passbook savings and the local bank (guilty).
The reason this exercise is beneficial, says Deborah Sweeney, the CEO of MyCorporation, company that helps entrepreneurs during the startup phase, is relatively simple: it helps you identify what you truly enjoy doing. You’re much more likely to be successful if you’re involved in something you love. “If this is just a passing idea, not something you’re truly interested in, your employees and customers will feel that, investors will feel that. From a practical standpoint, we talk to hundreds of businesses every day, and it seems that most have always wanted to do whatever they’re doing. Maybe they loved to cook and they’re now a chef starting a small business, or they loved to take walks around the neighborhood and now they’re a real estate agent. In most cases, they can remember back and recognize always having that passion.”
Of course, that last example seems like a bit of a stretch—walking around your neighborhood could just as likely lead to a career in exercise—and you may find that your childhood passions are hard to translate into a career, too. But often, they key isn’t just want you loved doing, it’s why you loved doing it.
“I always liked making lists, because I love organization. I became a lawyer and eventually started a legal filing business, because of the passion I have around helping businesses that are at that young age, when they’re just starting up and full of excitement. Organization is so key then,” says Sweeney.
Now it’s your turn. Here are some tips to help you dig deep:
Jean Chatzky is financial editor of NBC's "Today" show, a contributing editor at More magazine and author of "Money 911: Your Most Pressing Money Questions Answered, Your Money Emergencies Solved." She recently launched the Jean Chatzky Score Builder in partnership with smartcredit.com. Check out her blog at jeanchatzky.com and follow her on Twitter and Facebook.
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CHIDIMMA ABUKA 11 months ago
A good article that not only reminds me of why I started my business, but helps me rethink about other businesses that I may be able to startup. Why not?