I read an article featuring an interview with Karl Lagerfeld. The article was closed with an interesting question.
Interviewer: Have you ever thought of having your own fashion label?
Lagerfeld: No. I love what I’m doing now. I don’t want to be a businessman. I want my business to run smoothly, but I don’t want to be responsible for the business. I want to be completely free.
Kompas daily newspaper, Sunday, May 15, 2011.
Many people think that you must make a business out of your talent and passion. Nothing wrong with that. There is a great advantage of owning and running a business. You can have full control on your income, and you get to call all the shots. It is a big responsibility, and it may require a majority of your time. When the business side begins to take the lion’s share time, your passion will suffer. And eventually, it will impact your business as well.
On the other hand, there is always a choice of not having to control everything. Like Lagerfeld, you can go freelance, and limit your influence on what you do and love best. Or have a balance of both. Make it a business, but hire the best people you can trust to run the business.
Both ways need you to develop strong relationships and alliances all around you. The key point is to have as many good people around you to enable you to keep as much of your time free for your passion as possible.