C&T Q&A – How do you know it’s time to take the leap from hobbyist to business owner?

1-when is it a business final

{Comic Book Jess says ‘Hmmm…’ – photo by smilebooth Australia, edited by moi} 

This week’s question is from Grace, who writes:

How do you take that first step from being a hobbyist to a business owner? i.e …How do you know when the time is right? and What knowledge do you feel is essential before starting your biz (there’s gotta be more than just being ‘crafty’ to succeed).

I love this question – I think it’s one that a lot of people struggle with.

When is the right time? What do I need to know? When do I make the leap from hobby to business?

The short answer?

When you make the decision.

The long answer?

I don’t care how long you’ve been doing your craft as a hobby. It might be 10 years, or you might have started yesterday. I don’t care how much you know about ‘business’. You could have an MBA, or, you could be like me when I started and know pretty much nothing.

Your craft hobby turns into a business when you start treating it like a business.

When you decide to take it – and yourself – seriously.

When you start keeping track of your numbers – your income and expenditure.

When you start thinking like a businesswoman.

When you believe in yourself and your product.

When you start looking at your products from the perspective of your customer, rather than just yourself.

When you attack the Google machine with any question that comes up, and you’ll be dammed if you stop before you find a solution.

When you start to get strategic.

When you analyse your prices to see if you’re making a profit.

When you say ‘I have a business’ to yourself, your family, and that dude you meet in the line at the coffee shop (you gave him your beautiful, professionally printed (or handmade if you’re in letterpress) business card, yeah?).

That is when you have taken the leap.

It’s a leap of faith, to be sure. You don’t know if you’ll ‘succeed’ (whatever that means to you). You don’t know if you’ll ever be able to make enough to quit your job. You don’t know that you’ll still want to be doing this in a year/5 years/10 years time.

You know what? None of us do when we start out. I certainly didn’t. I still don’t know if this is what I’ll be doing in 5 years time. Do I let that hold me back from putting my heart and soul into what I do?

Nope.

None of that matters.

It’s enough that you want to do it NOW. That you want to throw yourself into this crazy dream and make it happen.

No-one is going to make it happen for you.

You have the power. You have the control. You have the choice.

It’s a business when you say it’s a business.

*****

Need help making the transition from hobby to business? Want to set yourself up for success from the get-go? Come join us and I’ll teach you how to Set Up Shop and get it right, right from the start.

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