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Argument for Doing A Passion-Based Business?

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MoreValue

MoreValue

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Why not put your theory into test, create several businessess based on your passion. Then get a few other people and ask them to start a business based on their passion.

Also this thread is confusing , what is passion ? Is it just something you are seemingly obsessed with ?
It is what I am doing now. Although also working on getting a job to fund it. Somewhat capital intensive. Running on my savings won't last.
 

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Rawseed

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Instead, you can start a business that’s COMPLEMENTARY to your passion:
  • Sell guitar strings instead of playing them
  • Create a marketplace connecting teachers and students
  • Sell custom guitar cases/picks
  • Start an online guitar repair biz
  • Etc...
Take your passion and get TECHNICAL with it. This is where needs are found.
Great point @PizzaOnTheRoof.

Sounds like the crowdfeeding Demarco talks about in Unscripted. Or selling shovels to prospectors.

Instead of building a business around the passion, build a business around serving the people who share your passion.

Essentially, becoming passionate about making life easier, simpler, less painful, and more pleasurable for those who share your passion. Figure out how to increase their hopes and decrease their fears.

Being passionate about the activity should give you domain experience.

But, you need to become even more passionate about the people doing the activity than you are about the actual activity.
 
OP
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MoreValue

MoreValue

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But that shouldn't matter if you're passionate right ?
I do not understand what you mean by "shouldn't matter?" All business ideas whether based on passion or business need gas to run. This passion business requires quite some money.

What are you doing right now ?
I have been doing everything possible in the business that requires only time. Like design and sourcing, and future products. The materials tend to have high MOQs. And applying to jobs non stop.
 

Brian Suh

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I know the general view on this forum is to not choose passion because passion does not mean having a market need. In a sense, choosing a passion based business is selfish.

But I have been thinking a lot about this and actually think passion is 100% necessary.

Everyone knows that when you start a business many things go wrong or unexpected. This is a given. You have to go through these obstacles to build the business. Most people give up on some ventures because of the obstacles.

But I realized they are considered obstacles only to a person that is NOT passionate.

Obstacle in business shows up
Non-passionate business person: “Ughhh...just gotta get through this. This sucks. Another problem another day.”
Passionate business person: “I would keep doing this even if I didn’t get paid. It is like I’m not even working. I am getting paid to do my hobby.”

The passionate person doesn’t even register these as problems, but part of his/her hobby. What I realize is that the non passionate person eventually gives up because these obstacles happen daily before they even make cash.

This is where I have had a change of thought, passion is mandatory for business contrary to popular belief of this forum

Money-Chasing is a Symptom Of No Passion in Business.
In my early days of entrepreneurship, I was a money-chaser. Could not stop thinking about it. When I looked to this forum, people kept blaming my mindset. But there was actually no hard reason why? It was just arbitrary advice “Change your mindset, your mindset sucks, etc.” I finally realize now. If you are money chasing, it is because you are running a business without passion. If money chasing causes 100% failure and is caused by lack of passion. It means passion is necessary for business.

Re Analysis of Dog Sh*t Story
The story about a guy making money with a business surrounding dog sh*t. The previous analysis of this story was that passion follows AFTER. That once someone starts winning, passion follows. I find this to be a false analysis. To the normal person a dog sh*t is very unappealing. They assume that no right person would ever be passionate about such an unattractive business model. That’s where they are wrong. My analysis is that the business owner is actually highly passionate about dog sh*t and that is how they became successful. Lots of weird people out there passionate about crazy stuff. Like I said above, although business comes with numerous obstacles and that is how they go through.

Reanalysis of the guy that got his dream job of driving super cars and then hated his passion.
Another past thread about why not to follow your passion. Guy gets his dream job and then later hated his passion later. It was driving super cars. He apparently now hates it. The conclusion made in this story was to not follow your passion, because it will contaminate your passion. This is a false analysis. The guy did not lose his passion because he followed it, but because he was FORCED to do it against his WILL. Force is the problem, not following passion. Only choose passion when you are going to work for yourself.

TLDR;
1) Running a business without passion gives you the money chasing symptom which will cause you to ultimately fail.
2)Being forced to do your passion destroys passion, simply following passion does not.
3) You are on your way to success if you can say “I would still be doing this, even if I didn’t get paid. It is like I’m not even working”

Note: It was these false analysis of stories that contributed to my failures all these years. I have been denying my passion in every previous business and hating it.

Garyvee is a huge advocate for choosing happiness. His intuition is very high, but that doesn’t mean he is always right.

Suggestion: Add a “P” to CENTS.

EDIT: Just had this new thought. It is not Chicken and Egg with passion and need. Both are required to be there when starting a business. Most say to only focus on market need, but like I explained that will also doom you to failure.
Chase the pain. Passion and pain are one of the same. Anybody who is highly passionate is usually doing something painful to others. But he embraces that pain. Think of a highly successful sports athlete. The business man staying up a day or two straight to get something done. The drug dealer dealing with BS. I am highly passionate about fitness and will be willing to die in the gym, get up again and gladly go at it again.

The kid skateboarding falls over and over again. It’s painful. He’s broken legs and wrists. Check his knees and they are scruffier to all hell. But he loves it. Aim for pain not pleasure.

I find great pleasure in eating food that tastes terrible as I know it will give me great health while others aim for eating pleasurable food which will kill them in the end. I love that I spend my time working. While others are partying. While they aim for short term pleasure, I will be gunning for a life well lived and long term fulfillment.
 

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Everyone knows that when you start a business many things go wrong or unexpected. This is a given. You have to go through these obstacles to build the business. Most people give up on some ventures because of the obstacles.

But I realized they are considered obstacles only to a person that is NOT passionate.

Obstacle in business shows up
Non-passionate business person: “Ughhh...just gotta get through this. This sucks. Another problem another day.”
Passionate business person: “I would keep doing this even if I didn’t get paid. It is like I’m not even working. I am getting paid to do my hobby.”

The passionate person doesn’t even register these as problems, but part of his/her hobby. What I realize is that the non passionate person eventually gives up because these obstacles happen daily before they even make cash.

This is where I have had a change of thought, passion is mandatory for business contrary to popular belief of this forum

Money-Chasing is a Symptom Of No Passion in Business.
In my early days of entrepreneurship, I was a money-chaser. Could not stop thinking about it. When I looked to this forum, people kept blaming my mindset. But there was actually no hard reason why? It was just arbitrary advice “Change your mindset, your mindset sucks, etc.” I finally realize now. If you are money chasing, it is because you are running a business without passion. If money chasing causes 100% failure and is caused by lack of passion. It means passion is necessary for business.

TLDR;
1) Running a business without passion gives you the money chasing symptom which will cause you to ultimately fail.
2)Being forced to do your passion destroys passion, simply following passion does not.
3) You are on your way to success if you can say “I would still be doing this, even if I didn’t get paid. It is like I’m not even working”

Note: It was these false analysis of stories that contributed to my failures all these years. I have been denying my passion in every previous business and hating it.
It's not passion... it's part of working hard.

Is it passion or drive? Many people have passion but don't do anything with it. You can be passionate about saving animals, but all you do is complain about animal abuse on Facebook. Drive, will make you do something about it.

I really believe that you are now using passion as an excuse as to why you failed previously. Money chasing may be part of it, but it wasn't the reason.

You still sound off, but you may be getting closer.
 

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