"Side hustling" is something I'm interested in. After all, writing and blogging is my side hustle! I spoke to some folks who've had success managing their day jobs and their passions to learn more about how they switch between them and tips they might have. Here's what I learned>>
Ideas are the core of innovation. To drive innovative change, you must continue to generate idea after idea after idea. Here's how to start generating more ideas—and how to organize them so you can separate the randomness from the high-impact business ideas swirling around in your head. >>
A by-product of pushing yourself is discomfort. That's true in athletics, academics, or in business. When you're pushing your limits, you're leaving what you know. What's familiar. What works.
Being uncomfortable totally sucks. Here's why you need to do it anyway. >>
5 out of 5 stars: Clay Water Brick tells the story of Jessica Jackley, cofounder of Kiva and unlikely entrepreneur. I bought this book immediately after hearing her speak at the MA Women's Conference because her story inspired me: she's a normal, average person, just like any of us. With great talent, of course. But the world did not unfold at her feet the way it has for many of the successful people who write books these days, and for that, I knew hers would be the one to read.
Turns out, lots of things cost lots of money.
Millennial griping aside, it's not revenue that matters. It's costs. We face them in our daily lives:
- Fixed costs you would incur no matter what for your business. Imagine a Starbucks without their coffee machines! They have to have them or there isn't a business.
- Variable costs change based on the amount you're producing. You only need so much organic cacao and whipped cream for cappuccinos based on your output.
- Opportunity costs hide behind all of your decisions like buyer's remorse. It's the cost of what you could have done with that asset--like instead of paying rent, renting it out to someone else. If you don't have your coffee, your opportunity cost is being a complete zombie, even though your absolute monetary cost might be lower. You're giving up functioning like a human being, so most people say it's worth it to make the purchase.