Episode 98: From Fun Hobby to Profitable Business

On Today’s Show

Business & life coach Christy Wright shares some valuable tips about turning your hobby into a business. She leads us down the path of deciding if we should start a business, when we should start it, and some of the challenges and pitfalls we should consider.

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1 Simple Thing Action:

Understand the difference between a business and a hobby. A business makes you money. A hobby costs you money. It’s very important on the front end to be very wise with your expenses. Don’t go out and spend a bunch of money on business cards or new office equipment before you have even made a sale. You want to do everything you can with your pricing to be strategic. Make sure you are setting your pricing correctly to earn a profit, not just break even.

Guest:

Christy Wright

www.christywright.com