Turn Your Hobby into a Small Business !

January is #NationalHobbyMonth and it is also the time when many people decide they want to turn their current hobby into a business.  Here are a few pointers from the SBDC staff to see if making this move is the right one for you.

Ways to turn your hobby into a business:

  • Sell your craft, product, accessory, etc. to the public or to enthusiasts in your hobby. (if you are a wine enthusiast, you might import hand-blown wine glasses)
  • Repair, service or appraise to what you love (bike repair maintenance)
  • Teach others to do what your passion is (guitar lessons, art or cooking classes)

Questions to ask yourself:

  • Will you enjoy doing your hobby when you have to do it according to a deadline?
  • Are you really committed to this hobby?
  • Can you sell “yourself” or the things you create?

First Steps:

  • Learn which permits, licenses, rules and regulations are applicable to your proposed business.
  • Establish a separate checking account and keep good records
  • Think about developing a Business Plan
  • Understand what’s required to make a profit

The University of Scranton SBDC would like to thank the following businesses for participating in our segment today on WBRE-WYOU.

hobbysbdc2

Hobby: Photography

Eugenia DePietro

Eugenia Photography

eugeniaphoto.com

 

Hobby: Beer Brewing

Johnny Waering, Matt Zuk, and David Oakley

3 Guys & A Beer’d Brewing Company

www.3guysandabeerd.com

 

Hobby: Mini Hats and Accessories

Aubrey McClintock

business name: A Daily Obsession

web: www.adailyobsession.com

 

Hobby: Vintage Fabric Creations/handbags

Meegan Possemato

Business Name: Vintage Meegan

Web: www.vintagemeegan.com

 

Hobby: Popcorn/Baking

Reba Kolbec

Business name: Pittston Popcorn

Web: www.pittstonpopcorn.com

 

Hobby: Pet Sitter

Katie Rogers

The Chipper Pet Sitter, LLC

Web: www.TheChipperPetSitter.com

 

Visit The University of Scranton SBDC to set your business up for success!

 

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About The University of Scranton SBDC

The University of Scranton SBDC provides no cost small business consulting services that are tailored to fit the needs of small business clients of Bradford, Lackawanna, Monroe, Pike, Susquehanna, Tioga, Wayne & Wyoming Counties. The center offers confidential individualized assistance designed to identify and address the problems of small business owners as well as individuals interested in establishing a business. The program is jointly funded by the US Small Business Administration, Pennsylvania Department of Community and Economic Development and The University of Scranton.
This entry was posted in business planning, business start up, SBDC, small business education, Start up and tagged , , , , . Bookmark the permalink.

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