Advertising
Advertising

Doesn’t Feel Like Work: 15 Signs You Are Doing What You Love

Doesn’t Feel Like Work: 15 Signs You Are Doing What You Love

Doing what you love looks and feels an awful lot like, well, being in love!

1. There don’t seem to be enough hours in the day.

You’re working on your project, and you think of a solution to a particular client’s problem, so you jot it down. And then you stumble across a really cool article that you just have to share with your social network. And then you get a call from a client who needs a quick consult. And then you think, “Oh, I should call this person and wish them a happy birthday.” While you’re talking to them, you think of other people that your work would help and ways to tell them about it, and you jot those down. And oh, yeah, your stomach is growling, you really should eat. And now, oops, time to pick the kids up from school already, and you totally forgot to walk the poor dog or update your website!

Why, oh why, aren’t there about five of you?

2. You bound out of bed, full of energy and eager to get the day started.

You rush through the “have tos”—exercising, eating, brushing your teeth, all of the other bodily maintenance stuff we all gotta do—so that you can dive in.

Advertising

3. You can’t wait to finish what you’re doing so you can start the next project.

While working on your current project, your creativity is in overdrive, coming up with new schemes and products—each one so much more exciting than the last!—that you have to force yourself to finish what you’re working on before starting the next one.

4. You are an idea-generating machine.

You wake up in the middle of the night or early in the morning, your head spinning with new ideas. You begin keeping a notebook or a voice memo recorder next to your bed, because you know you won’t be able to get to sleep again until you write these ideas down.

5. When you’re working, time flies.

You start working at 9 a.m., and when you look at your watch again, it’s after 2! (Oh, crap, missed that lunch date with the girlfriend, and she’s gonna be pissed).

6. You work like your hair is on fire.

You’ve been eating nothing but rice for the last five days because you can’t be bothered to go to the grocery store, and you find yourself turning your underwear inside-out and wearing them again because doing laundry means you would have to take a break from working, and who has the time?

Advertising

7. You have to resist the urge to tell everybody in the world what you’re doing.

When people ask you, “How are you doing?”, you have to bite your tongue to keep from talking their ear off about your latest project, even though, deep down, you really don’t care what they think. But you want to keep a FEW friends!

8. Your income starts increasing.

You started out doing this for free, or for a few dollars an hour, but before you knew it, you started getting calls from clients who wanted to pay you $50, $100, $500, $1000 a project—and you weren’t even looking!

9. Your health gets better.

Those stubborn pounds you’ve been trying to lose for the last 20 years just start melting off without your doing anything different. Your energy is through the roof—but wait, did you even drink any coffee this morning? Your psoriasis or acne clears up, and you can’t remember the last time you had a migraine. You go to the doctor, and he takes you off of your blood pressure medication and antidepressants because you no longer need them.

10. Good things start happening to you.

Suddenly, clients start lining up outside your door, or you get a big promotion or pay raise at work. Attractive, eligible men or women start showing up in your experience, or your partner starts wanting more sex. Your car, which is usually fussy about starting in the morning, mysteriously starts firing right up.

Advertising

11. New, positive people start showing up in your life.

The person sitting at the next table next to yours in the cafe spontaneously starts talking to you, and pretty soon you’re chatting as though you had known each other your whole life. Or someone you haven’t heard from in years gives you a call out of the blue, and to your delight, they are even more awesome than you remember them!

12. Suddenly, everywhere you look, you see more and more things related to what you love.

You’re cruising down the highway, and suddenly you notice billboards advertising products or services like yours, and you appreciate their clever marketing tactics. Or everybody starts posting videos and pictures about your favorite topic on Facebook. Or you see something that you need for your business marked down 50%.

13. People start treating you like an expert.

You’re going about your day, dum-de-dum, and suddenly someone emerges from the woodwork and tells you about a problem that they have that you can solve. The thing is, you’ve never seen this person before in your life!

Creepy? Nah. Meet your next client!

Advertising

14. You wish everybody could feel like this.

You want to shake everyone and say, “Look! Look! Look at how cool everything is! You can do this, too! Why are you choosing to stay so miserable?”

15. At the end of the day, you fall into bed, exhausted and deeply satisfied.

As you lie in bed, you review your day and remember the things that made your client happy, the smile you put on someone’s face, or the kick-ass article you wrote, and know that you have done the best job you ever have in your whole life. And tomorrow, it’s gonna be even better.

How many of these things have YOU experienced?

Featured photo credit: Closeup portrait of a group of business people laughing / Richard Foster via flickr.com

More by this author

When You Start to Pursue Your Dreams, These 13 Things Will Happen 10 Brilliant Features Of Google Now You’ll Regret Missing Henry David Thoreau Quote 11 Free Life-Changing Books and Essays in the Public Domain 17 Benefits of Having an Animal as Your Best Friend 7 Success Tips Musicians Can Teach Us

Trending in Work

1 9 Essential Tips for Starting Your Own Business 2 Do What You Love and Love What You Do to Achieve More 3 12 Practical Interview Skills to Help You Land Your Dream Job 4 10 Key Elements of Effective Meetings to Avoid Wasting Time 5 Pick Your Job Based On What You Love To Do, Not How Much You Have Invested In.

Read Next

Advertising
Advertising
Advertising

Published on September 28, 2020

9 Essential Tips for Starting Your Own Business

9 Essential Tips for Starting Your Own Business

Starting your own business is the dream of every would-be entrepreneur. While it is a huge undertaking, the rewards of owning a business have proven to be worth it for millions of people all over the world. In this article, we will talk specifically about how to start your own business and how to make it successful.

We have all heard the statistics about the high failure rate of new businesses:[1]

  • Roughly 20% of small businesses fail within the first year.
  • Roughly 33% of small businesses fail within two years.
  • Roughly 50%of small businesses fail within five years.
  • Roughly 66% of small businesses fail within 10 years.

As these numbers suggest, starting a business and having a successful business are two vastly different things. Knowing how to start your own business the right way can mean the difference between long term success and failure.

There is an old saying that people don’t plan to fail, they fail to plan. There is a lot of truth to this. Starting a business is more than just coming up with a good idea and jumping in. You need to have a plan for success, and that means you have to know how to set and achieve goals.

From the time you get that (Eureka!) moment up until you open the doors, every decision you make will impact the business. So, it is important that you carefully evaluate every aspect of your business.

1. Evaluate Yourself

The cold hard truth is that good business ideas are a dime a dozen. Realistically, the chances of your idea being so unique as to be revolutionary are slim to none.

This does not mean that you should abandon it. It just means that you will need to do more than just bring it to the market. The phrase “If you build it, they will come” works better in movies than real life.

Be Honest – Doing honest self-evaluations are notoriously difficult. Humans just are not particularly good at accurately evaluating themselves.

Here is a quick little experiment you can do with any group of 10 or more people. Ask them to hold up a hand if they know how to drive a car, virtually 100% of hands go up. Then, ask them to keep their hand up if they are better than average drivers. 90-95% of hands stay up.

Advertising

So, what does this tell us?

Because it is statistically impossible that everyone is “above average”, it illustrates the phenomenon called the “Dunning-Kruger Effect,” which is a cognitive bias in which people wrongly overestimate their knowledge or ability in a specific area. This tends to occur because a lack of self-awareness prevents them from accurately assessing their own skills”.[2]

Because of this Dunning-Kruger Effect, it can be helpful to consult others about what they see as our strengths and weaknesses. Just assure the person that you are interested in their actual opinion and you won’t be hurt or offended if they give it to you.

Some of the things you will want to include in your self-evaluation:

  • Are you a self-starter? Unlike being an employee, there will be no one standing over your shoulder telling you what to do or when to go to work. If you are someone who requires a lot of structure, starting your own business may not be the best option.
  • How organized are you? Planning and organizational skills are important, especially in the early stages of launching a business. Entrepreneurs that “fly by the seat of their pants” rarely succeed.
  • How do you handle risk and failure? The fact of the matter is, going into business is a risky proposition. Success is never guaranteed. Smart business people take calculated risks, but they are still risks. If you are someone for whom the thought of failure or losing money would be devastating, entrepreneurship is probably not for you.
  • How well do you get along with people? How are your communication skills? Most of us consider ourselves “people persons”, but business owners take communication to an entirely new level. When starting out, the business owner is a jack of all trades. You need to be able to interact with clients, business partners, industry partners, suppliers, staff, accountants, lawyers, regulators, and a host of others both accurately and decisively.
  • How disciplined are you? Resilience and perseverance are two of the biggest factors that will determine your success. As we stated earlier, mistakes will be made and some of them will be costly. You need to have enough resilience and perseverance to continue getting up after being knocked down. The only sure way to fail is to give up.

If you are satisfied that you have what it takes to become an entrepreneur, it’s time to move on to the next step.

2. Evaluate Your Business Idea

Again, being able to honestly evaluate your own business idea is key. However, this step is generally not as hard as the self-evaluation because the criteria used in the evaluation process is more objective than subjective.

Identify your target market – Who are the people that will be buying your product or service? For this step, it’s important to alter your mindset. Instead of thinking like a seller, start thinking like a customer.

Can you articulate answers to the following questions?

  • What is the problem addressed by your product or service?
  • How does your product or service solve that problem?
  • Why is your solution better than the competitions’?
  • Are people willing to spend money on a solution to the problem?

You will also want to gather as much information about the people in your target market as possible. At the bare minimum, you will want to know the following about your potential clientele:

Advertising

  • Age
  • Location
  • Income
  • Gender
  • Occupation
  • Education
  • Marital Status
  • Ethnicity
  • Number of Children

All of this information will help tweak your product or service to better suit their needs. It is also helpful in developing a marketing strategy.

3. Evaluate the Competition

Generally, you can divide your competitors into three categories:

  • Direct competition – These are companies that offer the same products or services to the same target market as your business. You can think of Burger King and McDonald’s as direct competitors.
  • Indirect competition – These businesses will offer products and services that are similar to the ones you provide without being the same. Another type of indirect competitor can be one that markets the same product or service, just to a different clientele or market segment. Subway and McDonald’s would be indirect competitors.
  • Substitute competition – These are businesses that offer different products or services to the same clientele in the same market segment as you. An example of substitute competition for McDonald’s would be the local mom and pop diner.

Once you have identified exactly who your competitors are, you will want to gather the following information:

  • What is the range of products and services they offer?
  • Are they expanding or scaling down their business?
  • How long have they been in business?
  • What do customers see as their positive/negative attributes?
  • Can you identify any competitive advantage they have?
  • What is their pricing strategy?
  • What is their advertising/marketing strategy?

The purpose of the analysis is to identify your competition’s strengths and weaknesses to better compete.

For example, if your competitors sell largely to companies with more than 100 employees. You may decide to target smaller companies with less than 100 employees. This means that your pricing and marketing strategies will need to be more in line with what the smaller companies expect and can afford.

4. Evaluate the Financial Feasibility of the Business

In developing a financial feasibility analysis, you need to have answers to the following questions:

  • What will it cost to get your business off the ground and become profitable?
  • What initial expenses will you have?
  • What ongoing expenses will you have?
  • What is the source of your start-up capital?
  • What is the earning potential of the business, and how long will it take to achieve?
  • How will you keep the business open and pay your bills until it becomes profitable?

Once you have this information in hand, you will need to build in an extra “cushion” for all of the extra “surprise” expenses that pop up. Additionally, most people are overly optimistic when it comes to estimating the profitability of the business and the time frame needed to achieve it.

How much of a cushion do you need? No one can say for sure. Some people will tell you to double or even triple your estimates. At a bare minimum, you should add 50% to the estimates you made.

It can be disheartening to learn that your business idea really is not financially feasible, but it’s much better to make that discovery now rather than after the money is spent.

5. Have a Professional Business Plan

If you haven’t done so already, get yourself a professional business plan. When I say “professional,” I don’t mean that you need to go out and hire someone to do it. I mean that you need to know what a professional business plan looks like and take it seriously.

Too often, new entrepreneurs neglect to create a business plan in favor of flying by the seat of their pants. This is not a good strategy. Without a plan, you won’t know where you are headed.

“It can seem a daunting task when you’ve never been faced with writing a business plan before, but it’s a crucial task which will enable your venture to start and continue on a solid foundation. A business plan is also necessary when you’re looking to secure funding or investment. Essentially, a business plan is your vision for how the business will run, what you expect to achieve, and how you will achieve those things.”

-Mike Gingerich[3]

6. Use Common Sense Money Principles

Successful start-ups keep a tight rein on expenses. As an owner, you should know exactly where every penny is spent. In all businesses, expenses tend to go up over time. But in the initial stages, you can count on having more expenses than income.

In the earliest stage of being a startup owner, you will deal with an array of challenges. You have to familiarize yourself with the selected business landscape and look for options to expand the business venture while saving the operating costs.

During this time-frame, trimming the operating costs is not optional; defacto is a matter of life and death for your startup. You can’t keep moving in a specific direction. It is mandatory to drift your business towards one goal with smart planning.

7. Start With a Narrow Focus

All too often, I see new business owners get into trouble by overreaching their goals. What happens is that people take on work outside their expertise.

For example, a website designer will take on a client who wants SEO optimization in addition to the design

Advertising

Assuming that the web designer is not an expert in SEO, there are several potential problems with this scenario:

  • Pricing – Without knowing or understanding the scope of SEO that’s involved, the chances of underestimating and losing money on the project go way up.
  • Quality – They may be the greatest web designer on earth, but that’s still only half of the job. Clients rightly expect the entire project to be done right.
  • Reputation – There is no second chance for a first impression. These first projects need to be done well if you want any chance of referral business. They will also determine if your first few clients become repeat customers or not.

Remember, Amazon started out just selling books. They slowly expanded their business until you can now get virtually anything on their site.

Be like Amazon. Start with a narrow focus and expand from there.

8. Search Out and Use Specific Resources

There are a lot of free resources out there that every new business owner should take advantage of. They are a great source of information, help, and most importantly, networking opportunities. Some of these resources are general, while others are targeted to specific types of entrepreneurs. Both are worth checking out.

Here’s a partial list of resources:

  • The Chamber of Commerce – Their slogan is, “Designed for business owners, CO—is a site that connects like minds and delivers actionable insights for next-level growth.”
  • U.S. Small Business Association – They offer free business consulting services, SBA guaranteed business loans, certification for federal government contracting, and more.
  • Women’s Business Club – It is specifically for women to network and exchange ideas, but it also useful if you are marketing specifically to women.
  • BLACK ENTERPRISE – Similar to the Women’s Business Club, Black Enterprise is designed specifically for African American entrepreneurs. They bill themselves as, “The premier business, investing, and wealth-building resource for African Americans. Since 1970.”
  • Hispanic Small Business Resource GuideThis guide is filled with resources and networking opportunities for the Hispanic entrepreneur.

9. Just Do It!

Okay, I borrowed the phrase from Nike, but it’s good advice. It not only means taking concrete steps to start your business but also to get out of your own way.

A lot of entrepreneurs (and regular people) are afflicted by a condition called analysis paralysis. It is when someone overthinks about a decision too much that a choice never gets made, resulting in inaction.

If you are a perfectionist, you need to be especially careful of analysis paralysis. Perfectionists tend to wait until everything is perfect before launching their business, and many never get off the runway.

Final Thoughts

Accept that you will make mistakes, that you won’t make the right call all of the time, and that unforeseen obstacles will always pop up.

Advertising

If you are truly committed to the entrepreneurial lifestyle and your business, then take the plunge. The goal isn’t to be perfect, but to build a business that changes lives.

More Tips on How to Start Your Own Business

Featured photo credit: DISRUPTIVO via unsplash.com

Reference

Read Next