Articles For Knowledge Sharing
» James Malinchak Why Passion Might Be Killing Your Business
James Malinchak Why Passion Might Be Killing Your Business
"Hey, hey, you see this here?" I ask the crowd while showing them a calculator. "This is the most important thing for your business. I've been teaching this for years in my seminars. Your whole business is run by a $5 calculator, right here. If the numbers do not work, the numbers don't work." That's what you'll hear me share at a lot of my presentations. I tell them that there are people out there who've been trying to teach these things to you that say things like, "Jump and the net will appear." Well, that's a bunch of baloney. Personally, I've jumped a lot of times in businesses and you know what happened? I got scraped up when I hit the ground. Do you know why? Because there was no net that magically sprang out. Yes, there were miraculous times it all worked out, but why risk failing without setting up the safety work for a net or at least setting up the ambulance services in case you fall.
Jumping without any regard for a net is among the worst things that you could do in business. Don't just jump in business hoping the net appears. Here is another two myths that rile me up and this might shock you to hear how much it bothers me. Just hear me out. The myths are 'follow your passion and everything will be okay,' and the other one is 'do what you love, and the money will follow.' I hate to tell you something - that is not true for either one. Ok, yeah, you might get lucky, and once in a blue moon one of these myths might come true. Who wants to chance anything on a blue moon occurrence?
The reality is that there are many things that I love to do, but I have yet to figure out how to make money with them. For example, I love mixed martial arts. I love training in martial arts. I love reading about martial arts in magazines. I love watching it on television. I love going to the MMA fights and contests out here in Las Vegas. However, I will tell you something I know for sure if I do what I love, meaning, if I get in the ring and fight with a MMA fighter, the only money that will come are the dollars I spend in medical bills from the knock out punch that causes stars to spin around my head.
To tell the truth, a knock out punch can injure me worse than a concussion. I can break my jaw or my orbital socket, or I could even be killed. Have you any idea why? Because as much as I really like MMA fighting, I'm trained to fight at that level. I'm not trained to dodge a hit, much less take a hit. Therefore, to be able to follow my passion, I'd have to invest years of training and years of honing my skill with the best mentors. I'd have to practice for years in order to be fit enough to consider a fight. Even then, I might never gain the ability to be in the ring.
That's why you can't assume that you can do whatever you desire without education, knowledge, and advice. It would be stupid of me to fight without training, and I don't mean to offend, but it's equally unwise to jump into business without training. When you do things without having a safety net, you may lose all your investments including your house. You can lose your reputation. You may be sued. Now, I'm not saying you shouldn't consider following your passion, I'm just suggesting you go about it with a plan of action that has a safety net. Then, you can make your business a go, and you could avoid the pitfalls of failure to the best of your ability.
Article Source: Articles For Knowledge Sharing
About the Author
, Presented on ABC's Hit Tv Show Secret Millionaire, is recognized as by many professionals as the World's #1 Big Money Speaker Coach and Trainer. For Free of charge Video Trainings concerning how to get money to speak and the way to be a motivational speaker, pay a visit to www.BigMoneySpeaker.com
Html View | Print View
Total views: 281
Word Count: 650
Date: Wed, 3 Apr 2013 -
Publish/Share this article
To use this article on your site click here to get the HTML code
Remember: The article body, title, author bio and links may not be changed or removed. By publishing this article, you agree to all the terms in our Terms of Service.
Rating: Not yet rated
No comments posted.
More articles in this Category
1: The Latest On Aspects For company organisational structure
2: Why Choose a Coffee Franchise?
3: Corporate Catering
4: Finding the Need
5: James Malinchak's The Question That Will Have You Focused On The Return On Investment ROI
6: Facebook hashtag marketing: Is your business trending?
7: James Malinchak Shares Who Really Is In Charge Of Your Entrepreneur Business
8: Best Location In The World To Make Money Increase Is Dubai
9: James Malinchak Why Passion Might Be Killing Your Business
10: Obtaining the Right Business Phone Service
11: Why You Should Get Voice Over IP
12: Business Telephone Systems, Then And Now
13: The Real Strategy To Prosperity Uncovered
14: Organo Gold Review - Gold In Every Single Cup?
15: Thinking About Running a Work from Home? Look No Further!
16: Is VoIP the Best Phone Service for Your Business?
17: What Is VoIP And What Are Its Advantages?
18: Tips On How To Avoid Corporation Issues With Voice Over Internet Protocol
19: Why It's Important to Get the Best Phone Service in the Market
20: What are Concrete Grinders Used for?