How To Turn A Passion Into A Passive Paycheck, According Ryan Scribner

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‘Start your side hustle with the intention of being the very best at whatever you do. Why aim for mediocrity?

Take time to figure out your ‘why’ behing starting your side hustle. This will be your long-term source of motivation.’

Represent yourself and your business as professionally as possible. This, in turn, has an impact on how others perceive you and your business.’

‘Sharing your story with your audience is a great way to build an emotional connection.’

‘Recognize that building a successful side hustle involves turning down other short-term moneymaking opportunities.’

‘The right relationships can help you pursue your dreams and build your business. Focus on the relationships that lift you up, not the ones that bring you down.’

Instead of simply offering information about a product or service, teach your customer how to use it. In return, you are likely to be rewarded with referrals and repeat business.’

‘Diversification is the strategy of spreading your eggs across multiple baskets instead of putting all your eggs in one.’

‘Reduce high-cost spending categories such as your transportation and housing by driving a reliable older vehicle and living with family, if possible.’

Create a written plan to follow. This doesn’t have to be formal business plan, but it doesn’t have to be in writing, not just in your head.’

‘Short-term intensity is not the goal. Instead, ask yourself what you could realistically see yourself doing every week for the next decade of your life.’

‘In order to have success in the long run, you need to be both people-rich and money-rich.’

Source

Ryan Scribner (2022). From Side Hustle to Main Hustle to Millionaire: 13 Lessons to Turn a Passion Into a Passive Paycheck

‘How Great Companies Fuel Innovation Through Diversity’

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The cultural intelligence of the individuals on a diverse team determines whether the team’s diversity promotes or deters innovation. Improve CQ to gain the benefits of diversity.’

Your mind is your most powerful asset for innovation. By conscioualy paying attention to innovation and the diverse perspectives around you, you’re primed to come up with more innovative solutions.’

Discipline yourself to overcome the increased distractions that come from a diverse team and focus on defining the problem and solving it.’

‘Diversity makes or breaks the success of implementing an innovation.’

Take control of your physical space in order to create the ideal climate for culturally intelligent innovation.’

A culturally intelligent leader helps teams work interdependently when task uncertainty is high.’

Learn what builds trust among your diverse colleagues and users in order to accept the risks that are necessary for successful innovation.’

‘Great ideas mean nothing if they can’t be effectively implemented.’

High-performing teams communicate less during intense, high workload times than low-performing teams do. That’s because they’re relying upon an implicit coordination that emerged at the beginning during times of low stress.’

‘A crucial part of culturally intelligent innovation is selecting the best idea and getting others to support it.’

‘Diversity is unlikely to impede implementation as long as you develop a plan for implementation.’

Deliberate together until you have an idea that everyone views as ‘mine’ and ‘ours’. This requires bottom-up initiative and top-down direction.’

Watch a diversity of users test a prototype, and adapt the design accordingly. Look for what features they focus on most and least.’

Source

David Livermore (2016). Driven by Difference: How Great Companies Fuel Innovation Through Diversity