By Matt Ronen, Impact Year
Larry's a poet, but works for an advertising agency.
Sally's an actress, but works for a photographer.
Pat's a novelist, but works for an insurance company.
How come all your friends are on their way to being somebody else?
—NYPD Officer Frank Serpico as played by Al Pacino in Serpico (1973)
Sound familiar? Do you spend your days working for someone else, but your nights and weekends working on your venture? If so, you’re not alone. America has always been a nation of free-thinkers, but today’s innovation and entrepreneurship revival, both in the shadow of Steve Jobs and before, is unprecedented. From ABC’s Shark Tank, the hit TV show where entrepreneurs pitch investors such as Mark Cuban, to the newly launched Entrepreneurship and Innovation Institute at Cornell (Johnson) and almost every top business school, entrepreneurship is reaching bubble-like proportions.
Despite all the hype surrounding entrepreneurship, the harsh reality is that Instagrams (remember that?) are few and far between and 3 out of 4 VC backed start-ups fail to return investors’ capital. So what about the rest of us who don’t yet have backers and aren’t working on their venture full time? I’m talking about the Hobbyist Entrepreneur. How can these determined individuals and small teams “pull it off” and transform side projects into the main event? Here are eight tips for turning your passion into your profession:
1. Hold your horses. If you already have a paycheck and owe a landlord 40% of your pre-tax income (I’m talking to you New York City), you’re going to need to harness your inner Zen master to practice the art of patience. Remember, while we often hear of the get-rich-quick entrepreneur, most were honing their craft for years before they hit it big.
We'll be discussing a variety of topics from innovative Jewish restaurants (chefs from Rio, Berlin and Johannesburg would be joining) to radical new Jewish museums (did you know that the largest Jewish museum in the world recently opened in Moscow?) and volunteering (with Israeli activists reporting live from Ethiopia and Mexico).
PresenTense NYC Fellowship
Igniting social change in the NYC Jewish community.