Making Your Hobby A Career
Entrepreneur: “Turning passion into profit takes serious work, though. Just because you love making pottery doesn’t mean you know enough to create a profitable business from it. Experts and entrepreneurs stress the importance of researching any business idea before jumping in. Denise O’Berry, president of business consulting firm Small Business Edge Corp. in Tampa, Florida, notes that research is one of the most important first steps: ‘You need a full plan of how you’re going to address your objectives. It’s all that stuff everybody hates to do.’ You may know everything about your hobby, but you only know it from a hobbyist’s point of view. Think like a business owner by conducting a market analysis and a competitive analysis to see if existing businesses are similar to your idea. Is there a similar business in your area or nationally?”
cassy on December 20th, 2008 5:52 pm
why not? its a good idea,for extra income,like me my passion is cooking,i can make it into a career,like putting up a catering business,what can you say about it? is it a good idea or what? any reaction about this idea, pls till me i want to hear from any body!
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