Over the past four weeks, we have covered the following, related four points:
Notice the common theme of value here? So, let's look at some very specific ways that you can create value and generate income. Since I can't cover every way under the sun for creating value in one blog post, and since we already talked about the benefits of being a business owner and the additional benefits and flexibility that come along with being a solopreneur, I'm going to focus on some work from home, solopreneur oriented ideas. In addition, I'm going to focus on ideas that are vehicles for spreading your gifts and your true purpose to the world in a massive way!
A consultant is a person who provides expert advice professionally. There are many types of consultants including:
The types of consultants are aligned to the major functions within a business. There are many other types of consultants as well for almost any topic you can think of. Some people believe that you have to have decades of experience to be a consultant. While time and experience will make you more credible and potentially more effective, to be a consultant, you really only need to know a bit more than your clients to bring them value.
For example, when I was in my late twenties, I was working for KPMG Peat Marwick, which is one of the biggest consulting firms in the world, and we had a contract with the federal government to teach them about Total Quality Management. I was assigned to do a training session for a room full of nuclear submarine captains. Now these guys have some of the biggest egos in the world and here I am, I think I was about 27 years old, trying to manage a room full of nuclear submarine captains; i.e. the guys that carry around nuclear missile launch codes. That was an interesting experience, but here's the thing, I did know more about Total Quality Management then they did. So, I actually brought value to the room and was able to move forward in a way that brought more quality to the operations of nuclear subs. That was a fulfilling experience for me in my career.
Overall, I've consulted with various state and federal agencies as well as large companies such as Wells Fargo Bank and Kaiser Permanente. At Kaiser, I was actually part of a 1,000+ consultant team. We were working on a $4B+ project to convert all of Kaiser Permanente's medical records to an electronic based system so that as a Kaiser patient you could walk into any Kaiser facility and your records would be available. This huge project took about 10 years to complete!
So, if that sounds interesting, do you envision yourself as a consultant? If so, please send me an email as a I may have opportunities for you.
Let's define a coach. How's it different than a consultant? A coach is more of a trainer or instructor, somebody that urges you along and prompts you with instructions to move to the next step and improve your performance, skills, or mindset. Coaches tend to work with either people one-on-one or in groups. They also might work with business teams. Coaches focus on things like improving performance, improving skills, or maybe coaching you through some career difficulties and where you want to go in your life.
There are coaches that help you across all the dimensions of your life that we've talked about in previous posts, and then there's a class of coaches called executive coaches that work with business executives.
They're generally five areas that coaches help you on when they're working with you.
Do you envision yourself as a coach? If so, please send me an email as I may have some opportunities for you.
An author is a professional writer, somebody that gets paid to write. Jeff Goins, who's the author of "You are a Writer" and "The Art of Work", defines three types of writers
Do you envision yourself as a writer? If so, in addition to Jeff Goins books, check out:
Professional speakers make tens of thousands of dollars per keynote speech. If you're just starting out and you're reasonably good on the stage, you can make between $2,500 to $5,000 per keynote. Seminar leaders or trainers are speakers that teach new concepts.
Do you envision yourself as a speaker or a trainer? If it's so, check out some of the great books on this topic:
Theses are all great resources if you're interested in speaking as a way to generate value and income.
Any one of these examples of creating value - coach, consultant, author, speaker, trainer - can be made into a six figure or even a multi six-figure solopreneur business. Then if you combine two or more of these approaches, you could create a seven figure business bringing your value to the world. If you think these numbers sound high, they're not. I know many people who have these types of businesses that they run from their home with small, outsourced teams.
Of course, there are many more ways to create value in this world. However, for this post, I chose these vehicles of value creation for their ability to reach thousands, millions and even billions with your gifts and true purpose. If you're really committed to living your true purpose, then there is no sense thinking small. Check out The Magic of Thinking Big by David J. Schwartz and remember the words of Marianne Williamson that inspired this blog in the first place, "Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won't feel insecure around you. We are all meant to shine as children do. We were born to make manifest the glory of God that is within us. It's not just in some of us, it's in everyone."
So how are you going to play big? Have a great week.
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