The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World This was her passion, but it was not providing sustainable income. It was a classic “pursue your passion” conundrum. Though Monica loved these monthly dinners, her funds available for hosting began to dwindle. This side project was a natural extension of her core strengths as a people connector and facilitator of meaningful conversations. These events connected interesting people with each other around big ideas like freedom, time, and fortune-not the usual Saturday night networking and bar banter. Prior to kicking off her job search, Monica started hosting a monthly dinner salon called Cheshire Parlour. Even though she hadn’t planned to do much with it at the time, practicing yoga became an important element of her happiness formula.Ī few months later, when she found out that she did pass the bar exam, Gillian decided to teach at a yoga studio rather than continue at the law firm where she was interning.Īs a result, she started looking for full-time jobs-her first time seeking office work since college. Her one-year vision was to be engaged in a flexible work environment that would keep her physically active, surrounded by like-minded people, and provide stepping-stones toward a career that was conducive to starting a family and running a business with her husband.Īfter taking the bar exam, Gillian completed CorePower Yoga Teacher Training as a side project and reward to herself for finishing law school. Moreover, I had a hunch that leaving to start my own business would spring me out of proactive mode and challenge me to become the innovative impacter I longed to be. I was exhausted and on the express train back to burnout, where I had unfortunately been too many times in prior years.
I also knew that I could not sustain the pace of keeping side projects and a full-time job much longer. I knew it would not be fair to Google or to my book to give both projects short shrift by taking on too much.
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That is when I first realized that financial security and great benefits were important to me, but not the ultimate drivers of my career decisions. Pivot: The Only Move That Matters Is Your Next One One Friday afternoon, he received notice that his salary was being cut 20 percent. The South American lifestyle was great, but Seba’s job as a construction engineer was far from secure, and the company started to go under. Having relocated to Chile with her husband, Seba, Kyle made ends meet by working on side projects for AOL while she looked for a job in her planned field of sports management. Originally from Michigan, Kyle Hepp is an “accidental” entrepreneur in the literal sense. Instead, it will continue to increase as more and more music teachers join the ranks. When they needed to do a visa run, they went over to Guatemala for eight days, and since Brandon and his wife are “unschooling” their children and can easily take them anywhere, there’s no telling where they’ll end up next.
The rest of his time is spent with his family and on various side projects that he pursues for fun.īrandon and his family used to live in Utah and now they live in Costa Rica, but that’s not the whole story the whole story is that they could live anywhere they want. He carefully tracks his time and estimates that he spends eight to fifteen hours a week directly related to the business. He has ten employees living in different places around the world. Instead of living in Utah, he now wakes up in sunny Escazú, Costa Rica, where he lives with his wife and three young daughters. Tip: When thinking about different business ideas, also think about money. It now brings in more than $100,000 a year on its own. Brandon Pearce, whom we’ll see more of in Chapter 4, founded Studio Helper as a side project to his main business of Music Teacher’s Helper. Whenever something is going well, think about offshoots, spin-offs, and side projects that could also bring in income. One business idea can lead to many others. Not everyone would have thought of locating a mattress shop in a former car dealership, but Michael grabbed the opportunity.Ī spin-off or side project. The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New FutureĪs we saw with Michael’s example in Chapter 1, car dealerships were going out of business, and he was able to rent his first temporary mattress space on the cheap.
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