Reader Question: Turning a Hobby into a Business

Reader Question: Turning a Hobby into a Business Avatar Posted by jennybhatt under Startups
From http://freeagenteconomics.com 984 days ago
Made Hot by: tallpoppy100K on December 23, 2012 5:55 am
Over the weekend, I received a question from a reader, Rachel, about turning her hobby into a business. We’ve traded a couple of emails and, with her permission, I am publishing a summary of our exchanges, with her initial email first.



Comments


Written by lyceum
979 days ago

Jenny: You are welcome! :) Please keep up your great work, turning hobbyists into business owners!



Written by lyceum
979 days ago

Jenny Bhatt: Inspiring piece. I will show it to my business minded friends who have hobbies that could turn into a business.

I agree with your recommendations on business plan tools:

Alex Osterwalder’s Business Model Generation and Tim Berry's Bplans.com



Written by jennybhatt
979 days ago

Thanks, Lyceum. Appreciate the comments and the sharing.



Written by Herby
979 days ago

Jenny, that’s very good tips. I personally had really good experience with Score they really are a great organization. One of the best ways to get free business advice. Thanks for sharing.



Written by jennybhatt
979 days ago

Thanks, Herby. Yes, I also had a personal good experience with SCORE early on. I recommend them to everyone. The retired businesspeople who give their time are genuinely interested in helping.



Written by HeatherStone
979 days ago

Great advice, Jenny. I'd add that people who have been working on something as a hobby really must think in a totally different way when they convert that hobby to a business. Some might find that the hobby is less enjoyable when the pressures of business are superimposed. Others may feel suddenly liberated by doing something they love full-time.



Written by jennybhatt
979 days ago

Thanks, Heather. Yes, I agree that running a business is going to require a different mindset to that of a hobby. This is why I generally also recommend that people start their hobby business part-time first - decide if they are going to like it enough to go full-time. Appreciate the comments.



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