Money, Time And Freedom = The New Wealth (And How To Get Yourself More)
- June 8, 2022
- Posted by: Rochelle
- Category: Big Idea, Fees + Revenue, Running Your Business
There comes a time in every successful soloist’s journey when it’s about so much more than the next ka-ching to your bank account.
Money still matters, yes. But you’ll get to the point where you’re not willing to twist yourself like a pretzel to get it.
In fact, you start weighing each “yes” to clients—and each income stream you set up for buyers—on a new, very personal spectrum:
How much of my time will this take?
Is this smack dab inside my genius zone—the very best of my talents and how I like to work?
What benefits will this produce…
for my audience?
for how I spread this revolution I’m leading?
for how I run/grow my business?
Will this give me more or less flexibility to do the other things on my priority list?
How will this contribute financially to my business relative to other ways I could spend my time?
Sure, bottom line impact is important, but it’s not the only factor or even the most important one.
When I interviewed award-winning journalist Adam Davidson (and author of The Passion Economy: The New Rules for Thriving in the Twenty-First Century) he shared his barometer in deciding how to move forward with new projects.
He measures them on four scales: fun, money, glory (for the project), and passion—and uses the scale to decide whether and when to make trade-offs.
If a new opportunity is all about the mission, the money isn’t so important. But if a project isn’t fun, on mission, or creating glory for the team, it had better pay REALLY well to earn a yes.
Here’s the thing: when you’re struggling to build your business, it feels like an impossible luxury to think about these things.
But once you hit your version of “enough”, asking yourself these questions is exactly how to build a powerful expertise business that suits you rather than lassoing an out-of-control monster.
The choice is yours.
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