having some stability is good

*First published via email on Thursday, January 31, 2019. Click here to subscribe.

 
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Morning,

There are no such thing as coincidences. :) That's my belief - not absolute truth. 

Do you believe this as well?

Yesterday, a friend emailed me and told me that after reading a book called, "Real Artists Don't Starve," he realized that as long as we are struggling to survive, we are not giving the world our best. We are not sharing our truest creativity with the world because we have to spend so much energy on just making sure our essentials are covered. (Cue Maslow's hierarchy here.)

Last night, I started reading the book, "Originals" by Adam Grant, and just the first chapter made me stop in my tracks and go, "Oh."

The basic premise of the book is that those who make changes in the world are not as different from us "regular" people as we think. (Yay!)

Grant mentioned a study that two management researchers put together to answer the question: When people start a business, are they better off keeping or quitting their day jobs?

"If you think like most people, you'll predict a clear advantage for the risk takers. Yet the study showed the exact opposite: Entrepreneurs who kept their day jobs had 33% lower odds of failure than those who quit." (17)

"As Polaroid founder Edwin Land remarked, 'No person could possibly be original in one area unless he were possessed of the emotional and social stability that comes with fixed attitudes in all areas other than the one in which he is being original.'" (19)

The basic finding is that the entrepreneurs who SUCCEED are the ones who hedge their bets. I believed this common misperception that successful entrepreneurs are the ones who "go all in" with their business, but the most successful ones are the ones who take very well-thought-out minimized risks.

Well, shit.

I quit my day job when I didn't have the right resources to quit. That was a year ago. I quit thinking, "I have to quit to put all my energy into my business because my job is sucking that energy right out of me....and I'm going to start making $5,000 a month in my biz! That's not a lot to ask for! I can do it!"

Boy, was I wrong.

Quitting and not having any other source of income only created a desperation for clients. And no one wants to work with a desperate coach.

So these two incidents together are further adding fuel to the idea of having a day job. And enjoying it. Doing my best to enjoy that day job...or at least being detached from it so that I don't carry any energy-consuming feelings home. And that way, I'll have more space to play with my business.

What are your thoughts on this? To do something original (or non-conformist) in one area, it's better to have some kind of stability in the others?

With love,

Jess

 

 

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