[Editor's note: this is the post I published at CorbettBarr.com announcing the merger of that site with Think Traffic. The site is no longer available, but many of the posts from it are now part of the Think Traffic archives. Read below for full details.]
I’ve been mulling over a big change for quite a while now. It all started shortly after I launched Think Traffic over two years ago.
Today I’m making a big announcement that will affect everyone who reads and follows this blog. This is one of the biggest decisions I’ve made since starting this site back in March of 2009.
This site has always been about entrepreneurship and exploring better relationships between work and life. It has also been about my personal journey to build a sustainable business that I love, that supports the life I want to live, and that means something important to my readers and customers.
In 2010 I started Think Traffic to take things further. Instead of just talking about entrepreneurship and lifestyle issues, I wanted to create a forum where I could share what I’d learned about building an online business, and have conversations with you about specific business strategies.
I spent last weekend with 1,000 incredible world changers at the World Domination Summit in Portland, OR.
My life will never be the same again.
This was my second year at the summit. Last year was incredible, but this year touched me even more deeply for some reason.
Over and over again, I was inspired and impressed by speakers, attendees and friends who are doing massive, ambitious and seriously world-changing things.
When people ask what this conference is about you hear different answers from different people. Some say entrepreneurship. Others say social entrepreneurship. Others might say adventure, travel, giving back, living your purpose or living a remarkable life.
It’s been an incredible couple of weeks for newsworthy crowdsourced fundraising campaigns over on Kickstarter and Indiegogo:
Great for these guys, you might be saying, they each already have big followings. But what if you’re just “joe creative” off the street?
Crowdfunding is like social media. If you already have a huge following, it’s easy to get your message out. If you don’t have a following already, good luck standing out from the thousands of other projects out there.
New readers write me weekly asking how I made the transition from corporate work to self employed.
Specifically, they want to know how it works from a financial perspective. Do you leave your day job? Do you stay full-time and just work on your own project evenings and weekends? If so, when do you finally make the leap?
There are lots of ways you can leave your job for self-employment, but most of them are variations of a handful of categories.
Here are four typical ways you can leave your job. I’d love to hear your thoughts in the comments.
Keep working your current job. Build your business on the side. Leave when it can support you.
Moonlighting. Side hustling. Evenings and weekends. Whatever you call it, this is the most “safe” bet from a financial perspective. You continue to earn a salary from your regular job while building your business.
The financial stability is the main benefit of this approach.
But consider the downsides: you’ll be exhausted from working so much. You won’t have much time for your side business. In fact, you might never get it off the ground. You might not have a strong motivation to bring in income from your entrepreneurial activities (because your bills are paid).
Also, you might jeopardize your day job if your work gets sloppy due to your newfound distraction.
Negotiate working less at your current job. Earn just enough to pay the bills.
Let’s talk about four-letter words today.
If you write blog posts or shoot videos or produce any kind of content online, eventually you’ll have to decide whether or not dropping the occasional (or frequent) F-bomb is OK.
There’s a lot to think about before you decide what’s right for you.
Watch the brief video below for my take on the great f-bomb debate, then share your thoughts in the comments below.
To succeed in business you have to fill unmet demand.
The greater the need, the bigger the opportunity.
Finding that demand is the trick. It’s not always easy to spot.
Here are three of the best places to look for opportunities:
Fix It (Something Broken)
If something important is broken, creating a solution is a great way to create a business opportunity for yourself.
The small business lending ecosystem through traditional banks is broken.
Crowdsourcing platforms like Kickstarter and Indiegogo (founded by two former colleagues of mine) found a way to solve the broken funding model for small businesses and creative projects.