The Cons:
1. Gratia Hardy, of Pasadena, points out that, "...being required to do
something regularly and well is very different from the no-pressure,
no-expectation levels of our recreational activities."
2. Your hobby may not be worthy of a
business:
Your relatives and friends' assurances that they'll buy your adorable (fill in
the blank with your handcrafted product,) doesn't count as market research. If
you're serious, write a business plan. And use real numbers. It just may work,
and you'll make smarter decisions if you have a plan.
3. A hobby may not be deep enough to provide the ongoing potential that
you'll need to tap to find it fascinating, challenging, and meaningful in 15 or
20 years from now. Of course it depends on your hobby, but if you are
brainstorming ideas for your new career path, I recommend you list lots of ideas
and choose one or two to explore that have the most potential, as well as those
that really draw you in.
4. When you have to crank out 90,000 of those adorable (fill in the blank
with your handcrafted product) each year, will you still enjoy it?
The Bottom Line:
There's nothing wrong with turning your hobby into a business, and I don't think
you should eliminate the idea from your career search. But you should explore
the concept as you would any other business idea. And do your market research
and other planning. Don't forget to consider what your day-to-day work life would
look like.
If your idea keeps looking better the more light you shine on it, you should
have a promising path ahead.
There is one very positive aspect of doing a business plan based on your
hobby. You may be highly motivated to do some planning and research, since this
relates to an activity you know well and enjoy, and you therefore may be more
likely to do the necessary planning. This is a big plus! (And once you see how
to do this research, you may be more likely to do it for other ideas you will
come up with.)
Something I've learned coaching over the years is that creating a business
out of the first few ideas you come up with isn't a good goal. The best careers
come from exploring the first ideas and finding out what will, and what won't,
work for you.
The evolution of your ideas are the
best reason to explore those first ideas.
If creating a business plan based on your hobby gets you to see that you can
plan a business that you will enjoy and that will add to your quality of life,
then starting with a hobby is a great idea. So start with your hobby, and enjoy
the adventure of finding out where you will end up!
Leslie Godwin, MFCC is a Career & Life-Transition Coach, Writer,
and Speaker. She publishes a free email newsletter on career and life
transition. For information, email godwinpss@aol.com
and mention that
you'd like to be on the email newsletter list.