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Find Your Profitable Passion and Become a Lifestyle Entrepreneur

Read Time: 9 Minutes

Introduction

Are you feeling lost as an aspiring entrepreneur, overwhelmed with ideas but unsure which direction to take?

Do you struggle to find your true purpose and passion?

Don’t worry if you’re nodding your head in agreement because many entrepreneurs find themselves in the same situation. Fortunately, there’s a transformative philosophy that can steer you towards an immensely satisfying and successful entrepreneurial journey, and that is the potent Ikigai philosophy. So, what’s the connection between Ikigai and entrepreneurship? Hailing from Japan, Ikigai is a simple yet profound idea that can help you unearth your life’s purpose to lead a life of purpose and meaning. By unleashing your distinctive blend of passion, mission, vocation, and profession, you can explore your Ikigai and thrive with purpose in your life.

THIS BLOG WILL HELP TEACH YOU HOW TO FIND YOUR PROFITABLE PASSION WITH IKIGAI

In this blog post, we’ll explore the concept of Ikigai and show you how it can guide you towards becoming a successful lifestyle entrepreneur. If you’re ready to unlock your full potential and live a life of purpose, keep reading!

Defining Lifestyle Entrepreneurship: Prioritizing Lifestyle Over Business Success

A lifestyle entrepreneur prioritizes their quality of life and work-life balance over building a thriving business. Instead of solely focusing on the bottom line, they view their business as a tool to support their desired lifestyle. Before embarking on their entrepreneurial journey, they first establish the lifestyle they want to lead and then create a business that aligns with those values.

How can Ikigai Help you Become a Lifestyle Entrepreneur?

As an aspiring or current lifestyle entrepreneur, don’t you want to experience the fulfilling bliss of monetizing one of your passions? The question is, which one is the right one to pursue? Fear not, as Ikigai can be the ultimate solution to unlocking your potential for success. Take advantage of this powerful tool and watch as your dreams become a thriving reality.

Here are a few ways that Ikigai can help you become a lifestyle entrepreneur:
  • It helps you identify your niche

    One of the keys to becoming a successful lifestyle entrepreneur is finding a niche – a specific area where you can provide value and stand out from the crowd. Ikigai can help you identify your niche by focusing on what you love, what you’re good at, and what the world needs.

What is Ikigai?

The word Ikigai (pronounced ee-key-guy) comes from the Japanese words “iki,”, which means life, and “gai,” which means value or worth. Put simply, Ikigai is your reason for getting up in the morning – your purpose in life. It’s the intersection of what you love, what you’re good at, what the world needs, and what you can be paid for.

The concept of Ikigai has been around for centuries in Japan, and it’s deeply ingrained in the country’s culture. In fact, according to a survey conducted by the Japanese government, over 50% of Japanese people over the age of 60 have a strong sense of Ikigai (Japn 2022).
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How does Ikigai work?

Ikigai is a four-part Venn diagram that shows the intersection of four elements: what you love, what you’re good at, what the world needs, and what you can be paid for. Let’s break down each element:
 
  • What you love: This is the first and most important element of Ikigai. It’s about identifying what you’re passionate about and what brings you joy. It could be anything from painting to writing to cooking to coding. Whatever it is, it’s important that you genuinely love it.
  • What you’re good at: This element is about identifying your skills and strengths. What are you naturally good at? What do others recognize you for? What have you gained expertise in over the years? Knowing your strengths is essential for building a successful business.
  • What the world needs: This element is about identifying a need in the world that you’re passionate about addressing. It could be something as simple as helping people organize their homes or as complex as developing sustainable energy solutions. Whatever it is, it should be something you deeply care about.
  • What you can be paid for: This element is about identifying what people are willing to pay for. It’s important to find a way to monetize your passion and skills in a way that’s sustainable and profitable.
When you find the intersection of these four elements, you’ll have found your Ikigai – your purpose in life. It’s important to note that Ikigai isn’t just about finding a career or starting a business. It’s about finding a way to live a fulfilling and meaningful life.


Finding Your PROFITABLE PASSION Analogy – Fool’s Gold

 

Finding your “profitable passion” is  like being a treasure hunter, searching for gold

There are many potential passions that you can monetize, but not all of them will lead to long-term success. It’s easy to be tempted by the “fool’s gold” – ideas that seem profitable at first but turn out to be unsustainable in the long run.

However, when you find your true “gold,” it’s like discovering a treasure trove that can provide you with a lifetime of wealth and fulfillment. Your profitable passion is the key to unlocking the door to a life of financial and personal freedom.

To find your profitable passion, you need to approach it like a treasure hunter. You’ll need to be patient, persistent, and willing to do the hard work of digging deep to uncover your true calling. Just like a treasure hunter must sift through dirt and rocks to find the real gold, you’ll need to explore your interests, skills, and talents to discover what you truly love and what others will pay you for.

The journey to finding your profitable passion may be challenging, but the rewards are worth it. When you discover your true calling, you’ll have a sense of purpose and direction that will drive you towards success. You’ll have the confidence to pursue your dreams, knowing that you have something valuable to offer the world.

In short, finding your profitable passion is like discovering a treasure trove of wealth and fulfillment. It takes patience, persistence, and hard work, but when you find it, you’ll live a life of financial and personal abundance, just like a successful treasure hunter who strikes it rich.

Create your Ikigai with these Four Easy Steps

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Step 1: Reflect on what you love

Take some time to reflect on what you’re passionate about.
  • What activities bring you the most joy?
  • What could you spend hours doing without getting bored or tired?

Make a list of these activities and consider how they could be incorporated into a business idea.

 

Step 2: IDENTIFY YOUR SKILLS AND STRENGTHS

Think about what you’re naturally good at.

  • What do others recognize you for?
  • What have you gained expertise in over the years?

Make a list of these skills and consider how they could be used to create value for others.

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Step 3: CONSIDER THE NEEDS OF THE WORLD

Think about the needs of the world that you’re passionate about addressing.

  • This could be anything from environmental sustainability to mental health to education.
  • Consider how your passions and skills could be used to address these needs and create value for others.

Step 4: EXPLORE WAYS TO MONETIZE YOUR PASSIONS

Consider how you could monetize your passions and skills in a way that’s sustainable and profitable.

  • This could involve starting a business, freelancing, or creating content that generates revenue.
  • Consider your options and choose the one that aligns with your values and goals.
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Step 5: Select your PROFTIBALE PASSION

It’s time to discover your true calling in life. Begin by selecting three potential purposes that resonate with your values and align with your life’s mission. Jot them down on separate pieces of paper and put them up in your bathroom or kitchen. Spend a week intently staring at them to determine which one calls to you the most. Make sure it also aligns with your personal ‘why’ and mission in life. If all the boxes are checked, then pursue that purpose passionately and transform your life today!

 

Key Takeaways

  • Ikigai is a Japanese concept that helps individuals discover their life’s purpose by finding the intersection of what they love, what they’re good at, what the world needs, and what they can be paid for.
  • Ikigai can be a powerful tool for aspiring lifestyle entrepreneurs to identify their niche, provide a sense of purpose, help stay focused, and lead to greater fulfillment in work and life.
  • The four elements of Ikigai – what you love, what you’re good at, what the world needs, and what you can be paid for – should be considered when trying to discover your purpose in life.
  • It’s important to note that Ikigai isn’t just about finding a career or starting a business, but it’s about finding a way to live a fulfilling and meaningful life.
  • Reflecting on passions, skills, and the needs of the world can help individuals discover their Ikigai and live a purposeful and meaningful life.
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Summary

Ikigai is a powerful concept that can help you discover your purpose in life and build a successful lifestyle business. By focusing on what you love, what you’re good at, what the world needs, and what you can be paid for, you can find the intersection of these elements and discover your Ikigai. This can provide a sense of purpose, help you stay focused, and lead to greater fulfillment in your work and your life. So take some time to reflect on your passions, skills, and the needs of the world, and discover your Ikigai today.

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Works Cited / Resources

  • Japan (2022). Ikigai: The Japanese Secret to a Joyful Life. japan.go.jp