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Passion Projects: How They Can Completely Change Your Business Part Two

Passion Projects: How They Can Completely Change Your Business Part Two

FromThe Three Month Vacation Podcast


Passion Projects: How They Can Completely Change Your Business Part Two

FromThe Three Month Vacation Podcast

ratings:
Length:
30 minutes
Released:
Aug 26, 2017
Format:
Podcast episode

Description

Take time off? Doesn't everyone want that? So how are you supposed to achieve that force of business? How do you get to downtime? And what about the passion projects you've been putting off for so long? In this episode we wrestle with the remaining two forces of business and start on a journey that's been put aside for much too long. ====== Read the article online: Passion Projects: How They Can Completely Change Your Business ====== In this episode Sean talks about Part 1: Fourth Force of Business—Passion Projects Part 2: Fifth Force of Business—The Power of Down Time ====== The fourth force: Passion Projects In 2010, I got this dazzling idea to do a series of stock cartoons. As you probably know, I'm a professional cartoonist, and my fascination for Photoshop has lasted for well over 20 years. It seemed like a very good idea to create a unique set of cartoons that clients could use for their blogs, e-books, webinars or presentations. Then, seven years sneaked up, and now it's 2017. The cartoons aren't done. Passion projects are what feed your soul A passion project is something that you really want to complete, not necessarily because of revenue or fame. It's just something that you have to do because no one else will do it. The longer you put it off, the more you feel something chipping away at your soul. I've wanted to write a book on talent; I've wanted to write about real education online with “Teacher vs. Preacher”, there's a website that I started out in 2015, and it's been on ice ever since. So much of what's important to me, to you just seems to circle the airport and never really lands. However, at least at first, passion projects don't necessarily feed your tummy If you were to decide to spend time embarking on a photography project on the side, or writing the novel you've always planned to write, there's almost no guarantee that any of it will bring in revenue or clients. It's possible that you may hit paydirt or hit a wall—at least when it comes to any sort of riches or fame. Even so, now and then it's important to feed your soul. Take for instance, Marcus Stout from Golden Moon Tea Back in 2011, Stout decided to trash 4 out of 5 of his best-selling teas. As if that were not enough, his company had to re-create 75 of his tea blends? What was the reason for all of this upheaval? It was a passion project that Stout wanted had wanted to put into place for a long time. Around 2011, he changed the way he was personally eating and found he wasn't keen on drinking a lot of his own tea. “Most people don't realise it,” he says, “but a lot of tea has chemicals, even if they say it's natural.” Since he was keen on getting rid of all chemicals and every last toxin, he decided to scrap his best-selling tea. It wasn't easy to take on a passion project of this nature Stout did his homework. He didn't merely jump into changing the teas without seeing if a market existed. Even so, it was an incredibly difficult decision to make as some of the teas had been superstars all the way back from 1995. Some of his clients ask for those teas even today, and he won't stock them or sell them because they don't meet his standards. A passion project can be a small undertaking or a complete change in the way you conduct your business No matter how we look at it, it's a plane that's been circling the airport, and you need to get that plane to land. At Psychotactics, this meant walking away from doing courses in the second half of 2017 and early 2018. The Article Writing Course and other live courses (that means courses that are conducted by me online) won't show up until mid-2018. In doing so, we walk away from well over $100k-$150k of profit. Will the passion projects replace that income? It's impossible to tell. When we walked away from the Protégé Program back in 2009, we also walked away from $150k a year, with no idea how to replace that income. Whether you're dealing with smaller revenues or substantial revenues, the fear and the exciteme
Released:
Aug 26, 2017
Format:
Podcast episode

Titles in the series (100)

Sean D'Souza made two vows when he started up Psychotactics back in 2002. The first was that he'd always get paid in advance and the second was that work wouldn't control his life. He decided to take three months off every year. But how do you take three months off, without affecting your business and profits? Do you buy into the myth of "outsourcing everything and working just a few hours a week?" Not really. Instead, you structure your business in a way that enables you to work hard and then take three months off every single year. And Sean walks his talk. Since 2004, he's taken three months off every year (except in 2005, when there was a medical emergency). This podcast isn't about the easy life. It's not some magic trick about working less. Instead with this podcast you learn how to really enjoy your work, enjoy your vacation time and yes, get paid in advance.