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MenuI am qualified as a Chartered Accountant, but not passionate about the practice and a career for life in this field. How can I find my passion?
I need a way to discover my strengths, love startups, technology but have no clue about the technical side. My greatest passion is to run my own company, but i have no clue which vertical i must get into, nor do i know where my strength will be. i have failed running two companies, both were based online and i realised that marketing costs were too high, so i had to give them up. Need help to get back up!
Answers
I was trained as a Mechanical Engineer and now, run a few businesses.
One thing that really helped me figure out the answer to your question (which was my question too) was to take a step back from trying so hard to identify my passion or make a decision. Instead I focussed on doing a few things e.g. write a journal, read widely in any topic of interest to me, take long walks and relax. The mental break that I got from doing this relaxed me. And the practice of reading and journaling began to bring clarity to the direction I should take.
Hope this is helpful and feel free to ask more...
Ask yourself one question "What would you like to have happen?" Then ask yourself "If all that did happen it would be like what?" Keep playing with that outcome imagery until you are thinking about it as a metaphor. Once that metaphor emerges it would be a good place for us to set up a coaching relationship as the answer you are seeking is woven into the metaphor - question that and all becomes clear. Peter
I think the first step is to remove yourself from your current work situation since you've identified that you're on the wrong path. Obviously this can be difficult to do (financially, emotionally, etc.), but it's clearly toxic and you sound ready to do what it takes to find a better path. Get significant distance from your usual daily life -- get out of the city and into a nature, meditate, exercise, read, relax, whatever works -- and start to reflect on what you've done in life that has really energized you.
Think about a time when you were totally immersed in something and before you knew it many hours had passed and it was late at night...what were you doing? You could have been building a model plane, talking to a friend about an exciting topic, playing a board game -- it could be anything. Don't prescribe answers based on what seems socially right (e.g. making money, helping others, etc.), and don't worry if some of your passions at first seem small or like they couldn't amount to a career. Conversely, what are some things you've done many times (and may be quite good at) that you would love to never do again in your life?
Choose to do more of the things you enjoy and less of what you don't, which will help to figure out what type of vertical you might want to be in, and simultaneously work to understand WHY you want to start a company. You'll be much happier working in something you're passionate about even if it seems un-sexy or less lucrative than the hottest new startups in Silicon Valley.
CA is a qualification and a skill, not a passion. What you need is a field where you can apply your skills and qualifications. If teaching is your passion, you can train aspiring CAs. If you want to work for a non profit, volunteer for them or join them full time. You can specialize in non-profit accounting. If media is your passion, you can be a reporter or a market analyst. The only way to discover your passion is by trying it out. Best way is to volunteer for various types of work and hopefully something will click.
You can do an exercise of writing down what you want to do in life. Do not restrict yourself to accounts and CA. Once you write down that list some thing will click. Let this list be more than 50. 100 is really good. It will hit you very hard and you know you must do it.
Hi. Perhaps taking The Passion Test will help give you clarity. I help entrepreneurs gain clarity on their own personal passions and also find out what their companie's unique contribution and core passions are. The Passion Test is the number one tool used worldwide to find out what matters most to you and then align your life with that.
A simple Brain Mapping exercise can help you discover your true passion.
Connect with me to know more.
P.S. I am qualified CA as well
The same principle applies to passion-seeking. If you are convinced that finding your passion is hard, or that it is not going to happen for you, you will remain closed to possibilities. Choose to adopt the perspective that you can do what you love with your life. Once you have decided that your passion is findable, it is time to look for evidence of what you already love to do. If you scan the landscape of your life, you will notice certain experiences peak up. It is so valuable to delve into these “peak moments” and extract the key ingredients. But when I paid attention to my metaphorical metal detector, it become clear that the bleep went off when I was being a leader within a community and teaching that community something of great value to them. When you look at all the ingredients that matter to you, they might at first seem entirely disconnected. When she attempted to turn this profitable business, she realized that the market who were hungry for her talents were business owners who needed illustrations for their blogs, websites, and products. This felt like play to Lisa, but to make her services marketable, she also needed to add tech skills to her toolkit, so that her design work could be useable online by her ideal clients. Be alert to who might need your newly emerging passion and aim to have conversations with them to get you clearer on how, where, and when you can serve them. When you seek your passion, there will be parts of you that go into rebellion. If you let these voices win, your passion will remain out of your grasp. The world needs your passion, so decide right now that it is possible to find it and use this guidance to gain clarity. She demystifies the how-to-get-clients process, enabling you to market yourself effectively and get paid to do what you love.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Lo primero que deberías es mirar hacia atrás, y revisar que era lo que mas te gustaba hacer que te apasionaba con que soñabas, luego regresar a tu presente e identificar cuales son tus cualidades y habilidades, que te hace vibrar el cuerpo cuando piensas en eso, en ese sueño que quieres lograr. Debes realizar una retroalimentacion de todo y empezar a buscar tu PORQUE, cuales son tus metas para que las quieres logras y poco a poco aparecerá el como. Y siempre recuerda que para poner un negocio no necesitas ser tu el experto. Los millonarios no lo saben todo, ellos contratan a expertos para que desarrollen sus ideas y negocios mientras ellos reciben sus regalías.
its okay not to know your passion. start trying new things to find your true passion. find your strengths in the job and see if its something you really see your self doing as a job in the future.
Finding your passion outside your current career can be a rewarding journey of self-discovery. Here are some steps to help you explore what truly excites you:
1. Reflect on Your Interests and Strengths: Think about activities or subjects that you enjoy and excel in, even if they seem unrelated to your current career. Consider hobbies, volunteer work, or topics that naturally draw your attention.
2.Experiment and Explore- Try out new activities or fields. Take up a course, attend workshops, or volunteer in areas you’re curious about. This hands-on experience can provide insight into what you might enjoy doing long-term.
3.Assess Your Values and Goals-Reflect on what’s important to you—whether it’s creativity, helping others, continuous learning, or financial stability. Aligning your career path with your core values can lead to a more fulfilling experience.4. Seek Inspiration from Others: Connect with people who are passionate about their work. Ask them about their journey, challenges, and what keeps them motivated. Networking can provide new perspectives and potential career ideas.
5.Consider Career Coaching or Mentorship: A career coach or mentor can offer guidance and tools to help you identify your strengths, interests, and potential new directions.
6.Reevaluate Regularly: Passion can evolve over time. Revisit these steps periodically to ensure your path aligns with your evolving interests and life goals.
Exploring different fields and interests can gradually lead you to discover what truly excites you. It's a journey, so be patient
Related Questions
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How can I become an idea person, as a professional title?
One word: Royalties This means you generate the idea and develop it enough to look interesting to a larger company who would be willing to pay you a royalty for your idea. This happens all the time. Rock stars, authors and scientists routinely license their creative ideas to other companies who pay them a royalty. Anyone can do it. Your business, therefore, would be a think tank. You (and your team, if you have one) would consider the world's problems, see what kinds of companies are trying to solve those problems, and then develop compelling solutions that they can license from you. You have to be able to sell your idea and develop a nice presentation, a little market research and an understanding of basic trademark and patent law. The nice thing about doing this is that if you develop enough cool ideas you will have royalties coming in from a lot of different sources, this creates a stable, passive revenue stream that requires little or no work to maintain. Start in your spare time and plan on the process taking 3-5 years. Set a goal to have a few products in the market that provide enough revenue (royalties) to cover your basic living expenses. Then you can quit your day job and dedicate more time and increase the momentum. A good idea business should have dozens, if not hundreds of license contracts generating royalties. It's possible to pull this off. And it is a fun job (I'm speaking from experience).MM
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What tools to use for mobile Prototyping ?
My 2 favourite are: - www.uxpin.com - www.flinto.com Flinto is by far my favorite for mobile. I also us www.balsamiq.com for anything wireframe. Sometimes I jump into Sketch http://www.bohemiancoding.com/sketch/ for more high fidelity mockups using their Mirror feature http://www.bohemiancoding.com/sketch/mirror/ Hope that helps. P.S. There's a tonne of Mobile UX experts on Clarity, many $1/min - call them, you'll learn so much. my2cents.DM
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What percentage of VC funded startups make it to 100m+ revenues in 5 years or less?
100M+ in revenues in 5 years or less does not happen very often. As an example of one sector, here is an interesting data visualization (circa 2008) of the 100 largest publically traded software companies at that time that shows their actual revenue ramp-ups from SEC filings (only 4 out of these 100 successful companies managed this feat, which themselves are an extremely small percentage of all of the VC-funded software companies): How Long Does it Take to Build a Technology Empire? http://ipo-dashboards.com/wordpress/2009/08/how-long-does-it-take-to-build-a-technology-empire/ Key findings excerpted from the link above: "Only 28% of the nation’s most successful public software empires were rocketships. I’ve defined a rocket ship as a company that reached $50 million in annual sales in 6 years or less (this is the type of growth that typically appears in VC-funded business plans). A hot shot reaches $50m in 7 to 12 years. A slow burner takes 13 years or more. Interestingly, 50% of these companies took 9 or more years to reach $50m in revenue."MB
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How much equity should I ask as a CMO in a startup?
Greater risk = greater equity. How likely is this to fail or just break even? If you aren't receiving salary yet are among 4-6 non-founders with equivalent sweat investment, all of whom are lower on the totem pole than the two founders, figure out: 1) Taking into account all likely outcomes, what is the most likely outcome in terms of exit? (ex: $10MM.) Keep in mind that 90%+ of all tech startups fail (Allmand Law study), and of those that succeed 88% of M&A deals are under $100MM. Startups that exit at $1B+ are so rare they are called "unicorns"... so don't count on that, no matter how exciting it feels right now. 2) Figure out what 1% equity would give you in terms of payout for the most likely exit. For example, a $10MM exit would give you $100k for every 1% you own. 3) Decide what the chance is that the startup will fail / go bankrupt / get stuck at a $1MM business with no exit in sight. (According to Allman Law's study, 10% stay in business - and far fewer than that actually exit). 4) Multiply the % chance of success by the likely outcome if successful. Now each 1% of equity is worth $10k. You could get lucky and have it be worth millions, or it could be worth nothing. (With the hypothetical numbers I'm giving here, including the odds, you are working for $10k per 1% equity received if the most likely exit is $10MM and the % chance of failure is 90%.) 5) Come up with a vesting path. Commit to one year, get X equity at the end. If you were salaried, the path would be more like 4 years, but since it's free you deserve instant equity as long as you follow through for a reasonable period of time. 6) Assuming you get agreement in writing from the founders, what amount of $ would you take in exchange for 12 months of free work? Now multiply that by 2 to factor in the fact that the payout would be far down the road, and that there is risk. 7) What percentage share of equity would you need in order to equal that payout on exit? 8) Multiply that number by 2-3x to account for likely dilution over time. 9) If the founders aren't willing to give you that much equity in writing, then it's time to move on! If they are, then decide whether you're willing to take the risk in exchange for potentially big rewards (and of course, potentially empty pockets). It's a fascinating topic with a lot of speculation involved, so if you want to discuss in depth, set up a call with me on Clarity. Hope that helps!RD
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For every success story in Silicon Valley, how many are there that fail?
It all depends on what one decides to be a definition of a "success story." For some entrepreneurs, it might be getting acqui-hired, for some -- a $10M exit, for some -- a $200M exit, and for others -- an IPO. Based on the numbers I have anecdotally heard in conversations over the last decade or so, VCs fund about 1 in 350 ventures they see, and of all of these funded ventures, only about 1 in 10 become really successful (i.e. have a big exit or a successful IPO.) So you are looking at a 1 in 3500 chance of eventual venture success among all of the companies that try to get VC funding. (To put this number in perspective, US VCs invest in about 3000-3500 companies every year.) In addition, there might be a few others (say, maybe another 1-2 in every 10 companies that get VC investments) that get "decent" exits along the way, and hence could be categorized as somewhat successful depending on, again, how one chooses to define what qualifies as a "success story." Finally, there might also be companies that may never need or get around to seeking VC funding. One can, of course, find holes in the simplifying assumptions I have made here, but it doesn't really matter if that number instead is 1 in 1000 or 1 in 10000. The basic point being made here is just that the odds are heavily stacked against new ventures being successful. But that's also one of the distinguishing characteristics of entrepreneurs -- to go ahead and try to bring their idea to life despite the heavy odds. Sources of some of the numbers: http://www.nvca.org/ http://en.wikipedia.org/wiki/Ven... https://www.pwcmoneytree.com/MTP... http://paulgraham.com/future.html Here are others' calculations of the odds that lead to a similar conclusion: 1.Dear Entrepreneurs: Here's How Bad Your Odds Of Success Are http://www.businessinsider.com/startup-odds-of-success-2013-5 2.Why 99.997% Of Entrepreneurs May Want To Postpone Or Avoid VC -- Even If You Can Get It http://www.forbes.com/sites/dileeprao/2013/07/29/why-99-997-of-entrepreneurs-may-want-to-postpone-or-avoid-vc-even-if-you-can-get-it/MB
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