A guest article from entrepreneurial Fire Starter, Danielle LaPorte.
How do you make your money?
I’m always amazed when I talk to an entrepreneur about what they’re doing. “I’m blogging….I leading a book club….I just went to this conference…” And then at the end of their list they mention the activity that’s actually making them money. It can sometimes be a read flag. If I get a long list of non-revenue making updates, I ask, “so…how’s money?” And whaddya know, the cash isn’t flowing as bountifully as they want it it to be. Your bottom line should be directly linked to your passion. Let me put it another way: if you’re spending most of your time on what you’re passionate about but it’s not making you money – find a way to monetize it. It’s not necessarily easy, but it’s the formula for true success.
How did you find who works for you?
Relationships are everything and I’m interested in how people create and nurture them. There’s the ‘hire young and cheap model.’ There’s the ‘hire the best and pay them more than you pay yourself until you make it big model.’ There’s the ‘hire first for attitude, second for skill model.’ Every entrepreneur has their own HR style and when you find it, you should stick with it. I work with people who are kind and get stuff done quickly. It works every time. And if they laugh at my jokes it’s a bonus for us all.
What else is going on in your life?
People with hobbies and “other” interests tend to innovate and grow more healthily. A richer life makes for a richer business.
Danielle LaPorte’s one-on-one Fire Starter Sessions help entrepreneurs who want to rock the careers. She is the author of the bestseller Style Statement: Live By Your Own Design, and a former think tank exec. Find her at www.whitehottruth.com.
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January 12th, 2009 at 7:53 pm
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January 13th, 2009 at 1:07 pm
I am the master at not making very much money at what I do, although I do always have relative success! I would love to take your workshop soon. We start our house build soon and money would be wonderful!
Do you want to do some guest spots on Snickerdoodles? …we get very consistent hits now and it’s a loyal group of commenters.
http://www.snickerdoodles.typepad.com
April 4th, 2011 at 9:12 am
Great stuff. Thanks. Just recently found you.
I’m not sure where I’ll fit in. Kind of related to your stuff, spirituality, healing, etc. I want to teach enlightenment, but that’s like a goal of more money, and ten cents is winning. I want to teach people to heal others and themselves, without the Amway/Reiki money bullshit. (Anyone not offended yet?) I have spiritual gifts that need to be shared. Anyone else able to change weather, sports? Yes, I need help, thanks, but all I say is true. My website is new, and I may pay for a highly reputable lie detector down the road. I guess when you do incredible things, you can’t expect credibility to come easily. I think you can help me. Hope so.
Ross