So you’ve got enough good stuff to start turning your hobby into a business? You see all of those people on TV doing it? Before you dive in head first, you’ll need to be prepared for the realities of being a business owner. Scratch that. A successful business owner.
Many have tried to turn their love for the hobby into a money-making venture so they can leave the ‘real world’ behind. It’s not as easy as it looks, but it can certainly be done if you’re willing to go about it the right way.
Having a unique niche is certainly a good idea.
Knowing the market is a must.
There are other pitfalls to watch out for and some steps you should be willing to take before you make the decision to even let it become a big chunk of your life, let alone the only source of your income. Even if you’re not going to go at it full time, but want to be a really good weekend warrior, Entrepreneur Magazine’s Carol Tice offers five tips for success.