Small Business Academy

20 Jul


Q: How do I shift my hobby into a business?

I love this question because more successful businesses have been born this way than almost any other. So let’s start by looking at what you have going for you. You already have a growing customer base. So much so that in fact you are in need of additional help just to keep things up and running. I would suggest that you take a tip from our friends at Facebook when they started out and get a little help from your friends. If you don’t have a friend that is qualified to meet your specific need I would suggest perhaps posting a part-time job opening at your local university. You are going to need the extra help to get you through this next phase.

The next step in turning your hobby into a viable business is to think of it as a business. That will mean that you will have dedicated hours each day that you spend developing your business and your site. You are going to need to write out a business plan for your company. Then you are also going to need to think about building your brand. This may all sound a little over whelming right now but please remember this is a process that you take one step at a time. If you go to my site and click on the Small Business Academy tab on the left you will find a ton of free resources. I would also highly recommend that you buy a copy of The Princeton Principle. It will walk you though everything you will need to know step by step. Just do one thing before you move on to the next. Make it your goal to accomplish one thing each day that will bring you closer to your goal of business and financial success. Good Luck!


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