Five Signs You Should Turn Your Hobby Into a Business

Many of us are still stuck with a 9 to 5 job, a fixed paycheck and a basically, boring life. Or maybe, you’re one of those who are lucky enough to land a job that pays well and is somehow fun and exciting. For some, this stable, quite comfortable, convenient and guaranteed “okay” life is enough. For others, it feels like something is missing.

Those who feel that something is missing are usually those who are passionate about something else. Here’s an example. You have an office job and it is a stable one. You play the guitar as a hobby and you write your own music too. It is your dream to become a musician full time but you feel like a music career might not be sustainable or even realistic. You have bills to pay. You are already in a good place. You know that there’s greener pastures somewhere else where you can play music but you’re still not quite sure. To help you realize whether you should already turn that hobby into a business, here are 5 signs you should look out for.

  1. You think about this day in and day out.

    If you think about it too much, you dream about it, you breathe it, then it’s no longer just a hobby. You are passionate about it. When you’re passionate about something, you can succeed in it. Just remember to remain consistent and never lose that same passion.

  2. You are willing to invest your savings for the business.

    Sometimes, it’s all about the money. Are you willing to invest your own hard-earned money for your business? If you think about it, you can still call investors to help you come up with enough capital and it’s so easy to spend when you know it’s not your own money. But think of it this way – if you are to use your own money, will you be willing? If the answer is yes, then it’s time to start your business.

  3. You have enough equipment and materials.

    When you’re creating music, you might need your instruments, a good computer, music production software, etc. If you want to help people in the winter to clear their driveways from snow, you go to a website like SnowShifts and purchase a real powerful snowblower that you can use daily. If you already have these or at least some of the essentials, then you can go ahead and start your business.

  4. You want to become your own boss.

    When you own the business, you’re the boss. You give the orders. You make decisions. You also enjoy all the success and have to take in all the failure. At the end of the day, it’s such a great feeling when you don’t have to answer to anyone other than yourself.

  5. You are most happy when you spend time on your hobby/passion.

    For some people, it doesn’t really matter if they have little or lots of money. As long as they’re happy, they’ll take it. Although it’s good to note that if you have a business, you will most likely earn more money (if you become successful), compared to getting a fixed paycheck.

Think it over. One or more signs above don’t necessarily mean you should already pass your resignation letter to your employer now. Think hard and think many times. Do what will make you happy. Follow your dream.