How To Prepare To Own Your Own Business

I was doing some research for a webinar that had to do with sticking to a business, being an entrepreneur, etc.  I came across this excellent blog post by Peter Shallard: Why you should quit your business and get a real job.

I thought this was going to be a “wake up to reality!” post, but at the end I was surprised and delighted with the twist.  This is a MUST READ.

Tutors can make money. Serious money.

Tutoring is one of the 51 Alternatives, in the book.  Here are two articles that are over-the-top:

South Korean Tutor Makes $4 Million A Year. Can You?

Meet The Guy Who Makes $1,000 An Hour Tutoring Kids Of Fortune 500 CEOs Over Skype

I know some people just want to make a few hundred bucks a month, just to make ends meet.  That is fine. I’m all about diversifying revenue streams and minimizing risk, a la mutual fund concept.

But you can go bigger, if you want.  These two tutors are making a lot more than the average tutor makes per hour/year.

How big are you dreaming?

Entrepreneurship is freaking awesome! Except, when it isn’t :(

amber_brasstackthinking_headshotI’m not going to write much because I want you to go to Amber’s super awesome must-read blog post titled: When Entrepreneurship Isn’t The Right Fit

Read her post, which I totally agree with, and read the comments, which are brilliant.

The cool thing is that this is not a once-in-a-lifetime decision… you can go back and forth.  What I’m getting out of her post is to do what’s right FOR YOU.

Using Kickstarter to Raise Money?

Here’s some great information on using Kickstarter to raise money. I’m sure there are many failed projects on Kickstarer… this article helps you piece together information to come up with a great strategy for a successful campaign.

Free money? Utahns making successful use of Kickstarter

Want to see a killer pitch?  Check out the entire page of this one: Tex Murphy – Project Fedora

Make Money Writing Books?

Check out this article: How to make money as a politician? Write a book

I’ve made money from my books. What I like about this article is that it tells you how much each of these people made from their books.  The money isn’t overwhelmingly impressive, but you can see how they make money, and on what topics.  I’m not suggesting you need to be a politician in order to make money as an author… you can do better than these guys have.  But this article gives you an idea of what you might be able to expect, financially.

Sometimes, you just gotta get that book out of your mind, even if it has nothing to do with money. But heck, if the money is there, why not work towards it?

Here’s something else: you might not make much money from your book(s), but the money might come from speaking, consulting, etc.

Family Benefits of Owning Your Own Business

I thought this was going to be a lame article with three superfluous things, but they are all right-on. In this article, 3 family benefits to owning your own business, the author says the three things are:

  1. Building family unity.
  2. Sharing life skills and passions.
  3. Leaving a legacy of learning.

I agree with all of these things…. check out the full article here.

In the comments, Saffron shares the other side of staring your own business.  She says that it’s not all roses and peaches… it’s freaking hard.  Yes, it is definitely hard.  The rewards can be awesome, but it’s really, really hard work.  I can attest to that.  Patience and sacrifice is a constant as you build your business.  There are so many things (decisions, trials, setbacks, etc.) that make you want to run and get a normal day job… but you have to remember, what does the day job provide you? Security?  Fair pay? Great benefits? Maybe so, but it’s not always the case….

What a crazy world we live in…

 

Following Your Passion: Summer Strings Adventure Camp

Carrie Young is the mastermind behind the Summer Strings Adventure Camp in Layton, Utah (just north of Salt Lake City).  I love how she combines her passions and allows others to benefit. This looks like a wonderful fit for someone interested in music, youth, etc.

She says she wants people to know:

  1. The summer camp is for any child with 1 year experience, up to high school, and
  2. The concert is a free concert open to families with children of all ages to the community that is interactive, full of costumes, well known music, and fun activities for the kids, and
  3. There is a year round program for anyone interested in taking classes, being in a beginning orchestra, or wanting to be in a more advanced tour group not restricted by age and very affordable!

This website tells more about the camp, and has pictures from past years: Summer Strings Adventure Camp

This website shows the program objectives for the Orchestra Adventures: Orchestra Adventures

What are YOU passionate about?  Is it something that other people want (for themselves, or their loved ones)?  Can you appropriately put a value on it, and give the customer a terrific experience?

It looks like Carrie is doing a great job with this!