Profit or Prosperity?

September 21, 2010 at 10:18 am Leave a comment


Pond on the Water Meadows – Winchester

Originally uploaded by neilalderney123

When people say to follow your passion and the money will follow, what exactly do they mean? I have friends who are passionate about their painting and living an organic lifestyle. They may not have much money, but they have a better life than most because they are doing what they love and they have everything they need. On paper they may not even be profitable, but they are prosperous.

Profit is the money left over after all costs are covered. Prosperity is a way of living.

When we think about Prosperity we think about having enough. It’s hard to feel like we have enough. There’s always something more we would like to have. So prosperity feels unattainable. It’s something other people have, you know, the ones who, if we had what they had, we’d be happy.

We could blame advertising for creating a whole lifetime of wants out of thin air. We could blame our hollow lifestyles that have us craving some meaning and trying instead to fill the void with stuff. We could blame our natures, which have been conditioned, for us to continually strive for more. Who else can we blame? Our parents? Yes, they bought into the whole post-war industrial, suburban, ride-on-mower-in-every-garage lifestyle.

That’s irrelevant at this point, because we are the bosses of our lives. We have the choice. We can choose to live a life with meaning, purpose and passion. When we focus on those, the things don’t matter anymore.

That doesn’t mean we have to go the haircloth route (what is haircloth?) or live in a freezing garret to be true to our art and ourselves. It means that we focus on our art rather than on stuff that forces us to take jobs just to pay off the ride on mower we bought on the credit card.

Philosophers have been studying ‘the Good Life’ for as long as people have been aware that life could be more than just hunting and eating, etc. They inevitably come back to simpler is better. The less stuff we have in our lives, the more we have to fill our lives with meaning. As we search for meaning we find our passion.

So maybe what we should say is: Follow your passion and the good life will follow.

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Entry filed under: 1. Know Where You Are Going. Tags: , , , , , .

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The Three Success Factors

I have worked closely with 100’s of business owners and I have seen too many struggle. I have seen what works and what doesn't.

It takes 3 things to succeed:
1. Hard work - and I know you do that already.
2. Knowledge - domain knowledge: you've got that and continue to learn; and business knowledge: this is where everyone focuses and it's easy to find
3. Mindset - This is the killer app. This is what makes or breaks small business owners.

We work on Mindset here at the Business Owners Success Club: how you think about yourself and your business.

When you focus on a business that gives you what you need to live a Good Life and gives others what they need to solve a problem, everything else falls into place and you have a successful business.

Using that as a framework we work on one aspect of business every month. February is "Your Place in Your Community" month.

In March we will open the doors to our online community. Stay Tuned.

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