The Lightbulb Podcast
About This Show
Join Guernsey girl, Martine, for a weekly creative chat where she shares resources, actionable ideas and the occasional knowledge bomb (!)
This podcast is for artists, makers and creative business owners interested in marketing, social media, business and technology.
The Lightbulb Podcast is available to download and subscribe to in iTunes and other podcast directories.
Most Recent Episode
Episode 54 Should I Turn My Hobby Into A Business?
3 days ago
The one where I help you decide if turning your much-loved hobby into a business is a good idea. Podcast Episode 54 Transcript and Show Notes Welcome Hello and welcome to episode 54 of the Lightbulb podcast. It's so good to have you with me. Today, we're talking about whether you should turn your hobby into a business. Pursue Your Passion If you've ever been on the cusp of a career change, I'm certain someone has said to you at some point, pursue your passion, do what you love. It sounds like really good advice, doesn't it? Well, it isn't, at least not always. A lot of people decide to turn their hobbies into a business, not necessarily a full-time career but a business because of this advice. Sometimes, it works beautifully, and sometimes, it doesn't. I think the reason why it sometimes doesn't work out is that the person in question is avoiding, asking themselves some awkward questions. Ten Questions What I want to do with this episode is go ahead and ask those questions. I've got nine in total. If you're thinking about turning your hobby into a business, then obviously, this episode is for you. If you already have a business that's grown out of your hobby, this is probably still a really relevant episode for you because you might be starting to feel that perhaps your business isn't going in a direction that works for you, so it might be a good opportunity to pivot. In other words, branch off in a different direction. I really hope you find these questions helpful. At the end of the episode, I'll tell you about a freebie I've created for you that will also help you with this process. Question 1 What do you enjoy about your hobby? If you're making products, for example, is it the process you enjoy or the end result? This is a relevant question because if you start creating your product as a business, you're going to really have to up your rate of production. Identifying what you like whether it's process and product or both can help you work out whether it's viable. This is also still a relevant question if what it is you plan to turn into a business is more of a service than a product-based hobby. Question 2 Do you do your hobby to relax? This is a related question to question 1 because if you do relax while doing this hobby, chances are when you'