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How To Turn Your Hobby Into A Successful Business

Bankrate.com:

From hobby to business sounds like a dream come true: Do what you love and get paid for it. The recreational skier becomes an instructor. The quilt maker quits her day job to sell hand-stitched coverlets. The gourmet turns food caterer.

But that dream can become a nightmare if you’re not careful. Before you quit your day job, check out these six steps to help turn your hobby into a career:

Step 1: Research your market
Step 2: Create a business plan
Step 3: Take stock of your business sense
Step 4: Be realistic about how it will affect your life
Step 5: Decide how committed you want to be
Step 6: Find an innovative business angle

via ESD.

   

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