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Passion Doesn't Equal Profit (Why Your Idea Might Fail)
Manage episode 511362743 series 2955891
So you love something—cooking, crafting, wellness, design—and you think, this is it, this is going to be my dream business! But then… crickets. No sales, no growth, no happy dance notifications from Stripe. Sound familiar?
Here’s the thing: passion is wonderful, but passion alone doesn’t pay the bills. In this episode, I’m sharing my own story of turning my love for cooking into a failed business (ouch) and the exact lessons I learned that helped me build a seven-figure business the second time around.
I’m breaking it all down into three “chapters” so you can see how to go from high passion/low strategy → sustainable, profitable business you actually love running.
In this episode, you’ll hear…
- Why starting a business on pure passion can actually set you up for burnout and disappointment
- The most common mistake new entrepreneurs make when turning a hobby into a business (I made it too!)
- How to shift from thinking about what you want to what your audience actually needs
- What to do when the excitement wears off and the sales don’t come rolling in
- How to tweak your idea so it’s both fulfilling and profitable
Click here to find the full show notes and transcript for this episode.
RESOURCES:
- Get Sam’s free weekly newsletter, Sam’s Sidebar
- Get Sam's book "When I Start My Business, I'll Be Happy: A Practical No-BS Guide to Successful Entrepreneurship"
- Listen to The Real Cure for Burnout Isn't Rest - It's Creativity. Here's How Anyone Can Unlock Theirs
- Register for the LIVE legal workshop " Five Steps to Legally Protect and Grow Your Online Business Before 2025 Ends"
CONNECT:
DISCLAIMER
Mentioned in this episode:
Register for the LIVE legal workshop" Five Steps to Legally Protect and Grow Your Online Business Before 2025 Ends" https://www.samvanderwielen.com/live-legal-workshop
266 episodes
Manage episode 511362743 series 2955891
So you love something—cooking, crafting, wellness, design—and you think, this is it, this is going to be my dream business! But then… crickets. No sales, no growth, no happy dance notifications from Stripe. Sound familiar?
Here’s the thing: passion is wonderful, but passion alone doesn’t pay the bills. In this episode, I’m sharing my own story of turning my love for cooking into a failed business (ouch) and the exact lessons I learned that helped me build a seven-figure business the second time around.
I’m breaking it all down into three “chapters” so you can see how to go from high passion/low strategy → sustainable, profitable business you actually love running.
In this episode, you’ll hear…
- Why starting a business on pure passion can actually set you up for burnout and disappointment
- The most common mistake new entrepreneurs make when turning a hobby into a business (I made it too!)
- How to shift from thinking about what you want to what your audience actually needs
- What to do when the excitement wears off and the sales don’t come rolling in
- How to tweak your idea so it’s both fulfilling and profitable
Click here to find the full show notes and transcript for this episode.
RESOURCES:
- Get Sam’s free weekly newsletter, Sam’s Sidebar
- Get Sam's book "When I Start My Business, I'll Be Happy: A Practical No-BS Guide to Successful Entrepreneurship"
- Listen to The Real Cure for Burnout Isn't Rest - It's Creativity. Here's How Anyone Can Unlock Theirs
- Register for the LIVE legal workshop " Five Steps to Legally Protect and Grow Your Online Business Before 2025 Ends"
CONNECT:
DISCLAIMER
Mentioned in this episode:
Register for the LIVE legal workshop" Five Steps to Legally Protect and Grow Your Online Business Before 2025 Ends" https://www.samvanderwielen.com/live-legal-workshop
266 episodes
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