HOW TO TURN YOUR PASSION INTO PROFIT
The ability to dream and convert the dream.
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Passion into profit |
#AnEntrepreneurialJourney
Salome Anyasodo
like Salome Anyasodo, you'd like to turn what you love into a viable business enterprise, start with these six tips. Don't count on passion alone. Be good at what your business does. Remember the details. Dole out responsibility. Hire passionate people. Share your passion. Keep the passion alive. Prioritize your passion. www.pirevolution.blogspot.com
THESE ARE THINGS THAT GOT ME TO WHERE I AM TODAY.
Birth of elanfoods
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Definiteness of purpose-burning desire
Have a plan
ACT
Most ideas are still born and need
the breathe of life injected into
them through definite plans of
immediate action.
RESEARCH ON THE PRODUCT OR SERVICE
Research on yourself, product and environment. Test it. Double Check
HONE YOUR SKILLS
Invest in yourself-talent is not enough. Keep learning and empowering yourself.
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Elanfoods |
5 ‘W’s and ‘H’
• What?
• Why?
• When?
• Where?
• Who?
• How ?
KNOW YOUR TARGET AUDIENCE. KNOW THE MARKET
Who are they? Lower, middle or High strata/ income earners, Where are they located?
SAVE MONEY
Save and re-invest money back into the
business.
What does it COST to be you?
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Be Creative |
ENTREPRENEURIAL JOURNEY CONT'D
• Invest in the business
• Listen to your customers
• Network
• KNOW YOUR NUMBERS
• Build a structure-system-sop
• Reward customer loyalty-people don’t forget how you make them feel.
• Practice delayed gratification don’t keep uprooting to check-e.g. Indomie –(Trust your
process, be consistent, Be prepared, take advantage be opportunity.) times and seasons
• Absence of consistency is the major cause of failure
• Failure cannot cope with persistence
• Don’t don’t compromise your values
FAILURE IS FEEDBACK
• You will fail…and its OK!!!
"Put in the work of the 1% that 99% wont do"
CELEBRATE SMALL WINS
• Don’t be too hard on yourself:
Here is how to celebrate small wins daily and increase happiness. Notice them. Get excited. Communicate your small wins. Establish habits which help you to make small wins every day. Live in the present moment and acknowledge it. Reward yourself. Don't pile pressure upon yourself.
GAINS OF ENTREPRENEURSHIP
• Solve a problem, God and posterity
• Learn and develop a skill,
• Pride-, sense of fulfillment - to build something successful
• Job security
• Posterity- leaving a legacy
• Networking- wealth in terms of people
• Mentorship
• Expertise -practise
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Character and passion |
WE ALL MAKE MISTAKES
Everybody makes mistakes. Failure iswhen you make the same mistakeover and over. In fact, it's through our mistakes and failures that weacquire the experiences and insight that allow us to succeed. Some people have a hard time admitting it when they make a mistake. Never too old to start an empire. Never too old to chase a dream.
"In overwhelming anxiety, there is ALWAYS over whelming grace"
HOW BAD TO I WANT IT? DOES IT MOVE ME TOWARDS MY DREAM?
When You Want To Succeed As Bad As You Want To Breathe, Then You Will Be Successful. Everyone has heard this famous quote from Eric Thomas, but what does it mean? Everyone has dreams and everyone wants to live a successful life. It depends on how you define success. To me I have already succeeded because to me happiness is success. It doesn't matter what business or job I do.
“If not now, when?” -Eckhart Tolle
Build to last-a legacy, build a fantastic product, its easier to sell
"Get mocked at for as much as you can, fail as much as you can, but don't quit. Let every mockery, every failure, be a source of inspiration for you to reach for greatness, and that greatness will silence your critics." --Ajaero Tony Martins
HAVE A MIRIAM
Mid wife, they aid birth, you are in labour about to birth, Get a coach, a mentor-They will see what you cant see.
You’ll need them to borrow belief from, when you begin to self doubt or self sabotage.
Don’t stop until you find one, keep going, you’ll find one.
Your miriams can be your staA too, the tower was not built alone,
team work, delegate, teach them, trust them it needed a total of about
300 men. This is strategic partnership, like minds- You need people.
Thank you...
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This is the actual way foward
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