Some people say that being passionate about work is the key to success. Without it, running a company is not as much fun. Others, however, admit that passion can actually kill your business. Can it ruin your career? Should you follow your passion? Read about the importance of passion in business.
Passion in business – table of contents:
- What is passion?
- Passion can make you lose control easily
- Passion can lead to frustration
- Passion can drive your success
- Passion will make you attractive to investors
What is passion?
It is often said that turning your passion into a business is an ideal situation. However, before we get into this issue, it is worth explaining the term itself. If you look it up in the dictionary, you will learn that passion is a strong and barely controllable emotion.Also, passion provides you with energy and joy, as well as gives you a sense of accomplishment.The word passion comes from Latin, where passio meant suffering. Then, its meaning was expanded to include a strong, violent feeling. Does passion understood in this way make running a business easier or more difficult?
Passion can make you lose control easily
Everyone wants to do what they love. There is nothing wrong with that. However, turning your passion into a business is not always achievable. Let’s assume that you actually did this. Does it always work?
Passion is a very strong feeling that is directed toward a particular activity. Unfortunately, this can be harmful to your business. Running a company, by its very nature, is not a hobby, but hard work, the goal of which is to make money. When we are driven by passion only, the economic aspect can often slip away.
When pursuing your passion, you are not always able to pay attention to hard facts and data. In such a situation, there is often no room for reflection on whether what you are doing is effective, or whether it pays off for the company. You lack objectivity, which is an easy way to lose control over important areas of the business you run.
Passion can lead to frustration
A business owner’s passion can be contagious in a positive sense, but it can also have a negative influence on employees. Bosses who are obsessively passionate about their jobs may demand more commitment from their subordinates. They might not understand why employees don’t share their passion, which often leads to frustration.
Passion in business can drive your success
Despite what has been written earlier, passion can be also beneficial to your business. Since it is associated with positive feelings and attitudes toward activities that are central to people’s lives, it can make some entrepreneurs persist in their venture efforts and drive their success.
Passion will make you attractive to investors
No matter how brilliant your business concept is, it won’t work if you don’t believe in it. People who think they have created the next Facebook or Instagram present their ideas to investors every day. These investors don’t want to entrust their money to someone who will give up easily if they come across any obstacles on their way. They want to be sure they are investing in winners, so they look for motivated entrepreneurs driven by passion.
Passion in business – summary
Although passion is often useful in business, it can’t guarantee its success. You need to be able to combine passion with a cool evaluation of facts, and with management based on reliable data. Despite the fact that passion can motivate you, let you concentrate on difficult tasks, and give joy, it can also take control over you, affect your self-esteem, and disrupt the balance between work and other spheres of life.
Other resources: 5 creative ideas for a business that require little or no startup capital.
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