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Turning Your Hobby into a Business

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Published: Wednesday, January 8, 2014

Are you beginning to consider the option of turning your hobby in to a full-fledged business? There can be a tremendous amount of joy when it comes to earning income from doing something you truly love, but it is extremely important that you take the time to really think about what you want from yourself and your business. Here are five simple ideas to keep in mind as you are getting started.

  1. Set goals. One major way to begin to tackle the shift from hobby to business is by setting clear and defined goals for you. Your goals should be unique to you and can be as simple as striving to reach one sale each month or a goal as large as getting three or more wholesale orders by the end of the next month. However, be sure to avoid setting goals that are too high and instead set goals that are achievable, flexible and scalable. This will make it easier to know exactly what you need to do in order to meet your goals and will allow you to shift the parameters of your goals in order to help you meet them. As time moves forward, keep raising the levels of your goals.

  2. Stop and really think. When it comes to turning your hobby and passion into a full-fledged business, stop to ask yourself if you're truly ready to make that leap. Running your own business can be incredibly demanding and it's important to take into consideration the effect it can have on a hobby that once served as a creative and stress relieving outlet. If you aren't willing to invest the time and effort that your new business needs and are still treating it as a hobby, your new business will likely flounder.

  3. Get ready to take on different personas. From administrative work, customer service, advertising, paying bills, and more, operating your own business will involve the need to play the part of multiple roles in your business. One of the biggest challenges people face is finding the appropriate balance between creating and managing the functions of your business. This is another important factor to consider and should be handled objectively and with your goals in mind.

  4. Understand that success is subjective. Whether your goal is to make one sale a month or to achieve a large wholesale order each month, it's important to know that you and only you can define what success means to you. Avoid measuring your success with someone else's. While it can prove to be difficult avoiding this, it's absolutely vital that you stick to your definition of success.

  5. Never forget to stop and have some fun. Your passion and love for your hobby is what has led you to create your very own business. There's no doubt that running your business will at times be challenging, so it's important that you don't forget where your inspiration and love came from. While getting your own business up off the ground is indeed hard work, make sure you stop and incorporate a little fun in your everyday routine. Go for a walk, work on a fun new idea, or invite a friend over for coffee. Refreshing breaks will help to de-stress and remind you to have fun.

We hope that these tips will help you on your journey to running your own business. Stay tuned for more great articles on business and online marketing tips, or get in touch with one of our knowledgeable expert professionals regarding our SEO management and PPC management and how it can help boost your new business. Call us at 1-951-541-9304 or toll free at 1-866-734-9946 today.

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