#21: Passion Isn't a Business Plan

 
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Are you running a business or a hobby that pays for itself? While we’ve all heard that we should “follow your passion,” this advice alone isn’t enough to sustain a healthy and profitable business.


As an admitted workaholic, I’ve been trying to create more space lately for myself outside of work. Though it’s been a difficult transition from my 9-5 to being 100% self-employed, I’ve been challenged to think about my client engagements and deliverables differently than before. And while I love the work that I do, I’ve realized passion is an incomplete picture of what makes a successful business.


In this episode I’m talking about:

  • What can happen when you place financial burden on your creativity,

  • The unintended consequences of the digital nomad culture,

  • How burnout is related to loving what you do,

  • Why you might need a passion project, and

  • Specific ways to shift your mindset around profits and setting healthy boundaries with your clients.

RESOURCES + MENTIONS

Big Magic by Liz Gilbert

Bureau of Labor Statistics percentage of small businesses that fail after 5 years

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