I have met many entrepreneurs and I am always amazed at their wonderful stories about how they started their business.
Before I started with my business, I was an employee for many years. But after years of working for a company, I realized that my love for speaking can be instrumental in building my business.
I have always loved talking to people. When they seek advice, I felt fulfilled in helping them. I felt pride and joy when people took my advice and things turned out well for them.
My other passion was seeing small businesses become stable and expand via franchising.
When you were young, what did you like to do during your free time? Some love doing arts and crafts, writing poems or short stories, taking photographs, etc.
Unfortunately, as a person grows up, his focus shifts to finding the best way to earn for the family.
Most either apply for a job in the country or go to other countries where they think the grass is greener.
I could not blame them for this because sometimes, we just don’t seem to have a choice. We also want immediate results, particularly if we have a large family to support.
There are those who choose to start a business and gamble all that they have. Unfortunately, not every entrepreneur becomes successful.
I always tell my mentees that to become successful, an entrepreneur should have the following qualities: patience, perseverance, motivation, creative thinking, self-discipline, an open mind, confidence, competitiveness, strong people skills, great work ethic, and an initiative and passion with his work.
Some successful entrepreneurs built their businesses from their hobbies. If you start with something you truly love and are passionate about, it is more likely that you will give it your full attention. You also get inspired to be more creative, thus producing great results each time.
Our hobbies can blossom into full-time careers or businesses with the right skills and mindset.
Here are a few signs that you are ready to turn your hobby into a business.
1. You are fully committed
In any endeavor, an individual needs to have the drive to start and sustain what he/she started. Keep in mind it may no longer feel like a hobby once you turn it into a business.
You have to take into consideration that you must meet deadlines and that there would be instances that you need to struggle. It may not always be a fun moment compared to when it was just a hobby.
2. People are willing to pay for what you can offer
If you are into arts and crafts and people recognize your creativity, it may mean that this could bring in money for you. The same goes with those who have talent in singing. How do you think most singers started? They joined countless singing competitions until they were given a break. Or maybe you are into photography and people are willing to pay you to take their photos for weddings, birthdays or baptisms.
3. You know what you are getting yourself into
Turning your hobby into a business is a huge step. It is not merely doing the hobby over and over again. Starting a business entails a lot of work, a lot of responsibilities. You need to realize that your time will be consumed by doing other business tasks -- from marketing your products, replying to emails and calls, paying taxes—the list could go on.
4. You are aware of the sacrifices that go along with starting a business. I don’t think there was ever a successful entrepreneur who did not have to sacrifice a thing or two to ensure that the business survived.
Being your own boss does not mean you no longer have to work 8 hours a day. In fact, as a business owner you may have to work more than 8 hours a day, including weekends and holidays.
If you think that you have are ready, then start as soon as you can. Your passion and dedication to what you love will lead you to your success.
For more information, you may contact Armando "Butz" Bartolome
by email: email@example.com
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