How to make your hobby your business

So many people out there have hobbies that they enjoy doing, on weekends or time off from work, and some of them even dream about doing their hobby full time. We've worked with several clients who have turned their hobby into a business, and sometimes it might not be a full time business at first, but who wouldn't like being paid for what you love to do anyway. Look at businesses like fishing guides or skydiving businesses, the people who run those businesses aren't your everyday business people, they are people who loved something so much, they decided to make it their business, and since work takes a big chunk of your time, why not do something you love.

The first step in making your hobby your business is to write a business plan. It might not be a detailed business plan, but you need an outline of what needs to be done and how you plan to accomplish these tasks.

Including in that plan should be whether you're going to form an LLC, form a corporation or simply file for a DBA; your marketing plan, which these days has a lot to do with your online presence. Once your business plan is in place, you can hire a company, such as ours, to take care of a lot of the parts of getting the business up and running, or do it yourself. If you're going to be doing any of the tasks yourself, be sure to set up deadlines for every task. Too many times people will start something, only to leave it sitting forever, unfinished, where if they just gave themselves some sort of deadline, they could make it work. If you have any questions about making your personal hobby a business, give us a call at 866-999-8200.

About this Blog

IncorporateFast.com is a division of Vendor Solutions, Inc. and we have been providing services to small & medium sized businesses online for over 10 years.  Our mission is to assist the small business owner operate and grow their business in an affordable and cost friendly way.  We look forward to hearing from you at 1-866-999-8200.