How to Turn a Hobby into a Business

Posted by sundaydriver under Strategy
From http://www.powerhomebiz.com 4020 days ago
Made Hot by: maestro68 on April 20, 2013 6:24 am

Making money with your hobby is more realistic than you may realize. Many entrepreneurs started their businesses as a source of relaxation and pleasure, before turning it into a source of income and career satisfaction. They have seen that the public can enjoy their handiwork, while allowing them to take charge of their own life.

To get started in converting your hobby into a business, you need to prepare yourself for your new endeavor. Whether you are running a hobby web site or creating handiwork, successfully shift from a hobbyist to a business owner using the following seven-item checklist:

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Comments

Written by AngelBiz
4014 days ago

These are excellent suggestions. One needs to understand that not every hobby can be translated into business and it takes lot more to run the business than having a passion for your hobby. First and foremost one needs to understand that just because you and few of your friends like what you make doesn't mean that customers will flock to your business to buy it. Also, once your hobby turns into business it may not remain fun anymore because now you have to take care of lot more than having fun with your hobby.

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Written by lyceum
4016 days ago

The last sentence could have been from Gary Vaynerchuk's book, Crush It!: Why NOW Is the Time to Cash In on Your Passion.

"Remember that success only will come if you manage your business well, minimize your risks, and continue to love what you are doing."

I will have this statement in my mind when I turn my tea hobby into a business in the near future.

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Written by tcamba
4020 days ago

Thanks for the reminders - especially " Not to forget the fun part ". I make it sure that my hobby-turned business does not take too much of my time .

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