Do What You Love
Perhaps you are out of work and downhearted after unsuccessful job-hunting. Maybe you’re depressed at the thought of being just another graduate who has to take on a unskilled job after paying a fortune to go to university. You could just be bored in your current position and looking for an exciting new future where you feel passionate about your work.
You don’t have to have your life divided neatly into categories of what you love doing and what you do to earn the money. Some people earn money doing what they love and then, hey presto, they have made enough money to carry on doing what they love. There is a lot of love in these few sentences, and you too can have this much love in your life.
What do you really enjoy doing? Do you have a hobby that you are devoted to but you’ve never considered turning it into a business? It doesn’t have to be that old cliché about the Hornby collecter setting up a whole new world in the attic, you could be an office worker whose colleagues coo over your cooking and say you should be on Masterchef every time you bring in those fluffy cupcakes. There are numerous ways to turn what you like doing into a profitable business and there is plenty of advice on how to do it.
Make a Plan
A business plan should be the first thing you invest time in when deciding to turn your big hobby into a small business. You need to do your homework and think about the end goal and what steps you need to take to make sure you end up there. What are your costs? How much money do you have? Will you need investment? It is not as scary as it sounds and is essentially just a piece of paperwork but it will be key to ensuring your business is a success and absolutely vital if you intend to approaching banks for finance.
Stick with What you Know
You are starting out with a specialist knowledge base and this will be the foundation of turning your hobby in to a profitable business. You know what you do best, whether it is your special antique knowledge, or your wedding cake mastery. Don’t feel you have to branch out in the first instance. Stick to what you know so that you always get it right.
When you were just doing this for fun you stopped when you got bored. If you couldn’t be doing with any more Corgi cars you left them in the attic for a few days. If this is now your business you need to set yourself regular working hours so that you treat the essential but more boring aspects of your business like a job. There will be emails, paperwork, finance issues and customer service queries that will be crucial to your success, but if this gets you down, just remind yourself that you are one of the lucky few making a profit from your passion and this should motivate you to ensure the business side is well run. Key to this will be organisation and being scrupulous with your space. You may need to consider efficient storage solutions and possibly even self storage. Reading up on all these potential issues and solutions beforehand will ensure you start out with the best possible chance of success.
It doesn’t matter how much of an expert you are, no-one is going to buy your products or services if they don’t know about them. It is essential to get yourself up to date with all of the current marketing techniques. Make the most of social media to promote your business and get your product out there. Good luck.
- License: Creative Commons image source
Sam Wright is a journalist working for Eversley Storage. Click here to view his Google+ page.