You will want to consider a few things before you start your own business. With some application, you will be able to make profits by doing things that interest you.
The first step is to evaluate whether or not making money from your hobby or interest will be profitable.
Where your hobby involves making a product, such as pottery, you may be able to sell your creations directly.
Remember, do not limit yourself, you may well be able to sell the services associated with your hobby, as well as the product itself.
For example, if you like mushrooms, get some …
Tag: hobby
6 Guides to Determine If You Have a Business Or a Hobby
Entrepreneurs, let’s not fool ourselves with all this talk of doing what we love and the money will, um, fund an early retirement.
I’m all for doing what you love, believe me, I just don’t want you to think you have a business when what you really have is a fine-tuned, fully operational hobby.
Here’s a quick gut-check on the realities of a business vs. a hobby:
1. You’re making money. This may sound obvious, but do you know how many people send out a press release after they’ve put up a website? Me either, but I know it happens …