Guardian Money suggests, 28% of British adults have considered turning their passion into a business. Be inspired to make a move after taking these hints aboard.
Mentioned below are successful entrepreneurs, some slightly more famous than others who have turned their passion into a career. It is safe to say that they are enjoying their job every single day!
Michael J. Kittredge, Yankee Candle
16 years old, Michael J. Kittredge crafted a candle made of melted red crayons for his mother as a Christmas gift. By 1972, Kittredge was paying $80 a month to rent a former paper mill as a workshop. Kittredge started making candles in his parents’ garage and selling them at his school. Over time, the primarily wholesale business turned around $1 billion in annual sales. By the mid-1990s, Yankee Candle had become a household name.
Hannah Dale, Wrendale designs
Hannah Dale was made redundant in the 2007 financial crisis whilst she was three months pregnant. “I had little money, my mother was diagnosed with cancer and soon I had a baby to look after,” she says. Her hobby, watercolour painting, gave her a much-needed feeling of release. “I could switch off my brain when I painted. It was therapeutic and relaxing.”
She started selling her paintings to local shops in Lincolnshire, but discovered she was earning the equivalent of £1 an hour after costs and commissions. Then she realised she could make a lot more money if she printed her designs on greetings cards. Hannah Dale’s company turns over £3m a year.
Walt Disney, The Walt Disney Company
At just seven years old, he sold his earliest sketches to neighbours. Wherever he went — including a stint as an ambulance driver in Europe during World War I — he would draw cartoons. Returning to the US after the war, he got a job as an advertising cartoonist. It didn’t take long for Disney to make it to Hollywood, where he created his most famous character, Mickey Mouse, in 1928.
Many other entrepreneurs have proved success using these 6 steps mentioned below…
- Discover your passion – Find something that you enjoy and make it your passion for business, as a result you will be more likely to excel within that marketplace.
- Determine the demand – Consolidate research into demand for your product or service. Understand the marketplace you are wanting to enter. It may be a niche market with only a few buyers, but high profit margins. Alternatively, it may be a cheap product that you are selling with a lot of demand. Understand how your main competitors operate and, seek to penetrate the marketplace.
- Do your research – Conduct a detailed search on what it would take to launch your career in this field. For example, how much skill is needed, and what levels of funding you may need. Find someone who may be interested in trusting you with a loan. The more you know about your business, the more likely you will be to attract potential investors.
- Plan – Make a detailed plan of the steps you need to take to make your passion a realistic career opportunity.
- Become qualified – Take a night, weekend or online class while you’re in your current job and attend an intensive training programme. As the saying goes, “The more you learn, the more you will earn.”
- Be flexible – Be open to advice and criticism; other people’s insights may open your eyes to something new. No one can succeed alone.
We hope that you are inspired by these examples stated above and hope that the advice helps you build your confidence to start something new.
Here at Zoek we have a wide variety of jobs which may help you to discover your passion and lead you onto greater things for the future… Good Luck!
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