Attention Entrepreneurs: Your Hobby Should Not Be Your Business

ca was built on the premise of following yourthe problems?
dreams. Today, that maxim is applied toOf course, your dreams and desires are
everyday life, especially careers. You’veimportant, and you need to be passionate about
probably seen plenty of advice about turning youryour company to be successful, but it is a
hobby into your job and making money doingmistake to let your interests and not your skills
what you love. Unfortunately, it usuallydictate the type of business you should own if
doesn’t translate well into business reality.you decide to become an entrepreneur. Now that
Look at it this way: the reason you picked upyou know what you should not do, it’s
your hobby in the first place was probablytime to look at what you should do when getting
because you enjoyed it. Hobbies are supposed tointo your own business:
be fun. If your hobby becomes your business,* Consider looking to your current career instead
you’ll have to work at it! Hard work isof your hobby. What aspects of your job do you
rewarding, but it can quickly douse the spark ofenjoy the most, and what kind of business would
fun you previously derived from your hobby.allow you to concentrate on those enjoyable
Still not convinced? Here’s something elseaspects?
to consider – everyone I’ve met* Focus on your strengths, and be honest with
who own a golf, fishing, or scuba-diving businessyourself. Are you a strong manager? Good with
tells me they play, dive or get on the water lesspeople? Talented at a craft? Try to find a
than before. Owning a business that is related tobusiness that will let you capitalize on your
your hobby will not get you more involved in thestrengths, while incorporating what you love to do.
enjoyable part. Instead, it will take you away* Do your research! Starting or buying a business
from the fun of the hobby.is a huge investment, and if you buy the wrong
Objectivity is another major concern when itbusiness for your skills and fail, you probably
comes to translating a hobby to a business. Forwon’t want to try again. Know what
example, let’s say you enjoy fishing, soyou’re getting into before you begin to
you decide to open a fishing supply store. You willgive yourself the best chance of success.
typically stock your store with products you likeYou can run a business that you enjoy, as long as
– which won’t necessarily be whatyou are realistic in your decision-making process.
your customers want. Also, you may enjoyYou don’t have to give up on your
fishing, but sitting in a boat with a pole is not thedreams – simply refocus your intentions,
same as running a store, and you may not haveand go for it!
the skills necessary for retail management. See