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How to Turn Your Hobby Into a Legitimate Business

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turning your hobby into a business
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Hobbies generally aren’t about making money and becoming successful, like businesses are. Hobbies make you happy at the end of a long week or day of working at a job you might not love in a place that might be just a little bit too far away from home for your liking. Your hobbies are what show off your interests and love, and your passion above all else.

But what if you could turn your favorite hobby into an actual business? Wouldn’t that be amazing? Well, businesses require more than just passion. Business exists in a cutthroat world, but with careful planning and commitment, and a business mindset as compared to a hobby mindset, you can be well on your way to turning your hobby into a legitimate business.

Understand How Far You’re Trying To Go

Do you want a little side-earner, or a way to quit your job and go full entrepreneur? These two different goals require different paths, and you need to understand which one you’re on – or if you’re on one of the many paths to a goal between the two, which is personal and unique to you.

Spend some time thinking about and evaluating how important your hobby is to you compared to your job, and research other businesses which are related to the one which you will be creating. Are they global successes or hometown heroes? Their reach and success will help you to decide where your business is going to place, and how viable your plans for expansion are.

Brainstorm

If you’ve decided which hobby you’re going to turn into a business, then you’re going to have to decide on how you’re going to do it. Some hobbies may seem obvious – if you love drawing, then try to sell your art, etc. However, many will be more complex, and even the seemingly obvious ones may have different and original nuances which you can exploit.

You could start distributing art which the creators have decided is free for anyone to use, or you could review art pieces online and start a website related to your reviews. Anything is possible, and the sky is the limit at this stage. Don’t cap your creativity, and try to think of as many ways as possible, since many will be unrealistic or straight-up unappealing. The more you have to sift through and decide on, the better.

Practice

In order to monetize your hobby, you’re going to have to be good at what you do. Taking up the art example once again, if you can draw no better than the next normal person, then why would anyone pay for what they could achieve on their own? You have to practice, and put in the time to become above average at what you do, or else you’ll fade into the background and people will question why you’re trying to put a price tag on what you do when you don’t seem to be doing much at all.

Practice makes perfect, or at least close enough that people will start to appreciate what you’re doing, so keep on practicing, until you get to a level which you think is acceptable for starting your business.

The First Sale

In many ways, your first sale will be the most important step in your business, since it shows that there is a market for whatever you’re doing, and that there’s money in it for you if you keep going. Work as hard as you can to get that first sale, whether it’s off your neighbours or your childhood friends, and then work to get to the next sale, and the next.

With every paycheck will come a renewed sense of being able to ‘do this’ and get to the next level, which will only make your work ethic even better, and improve the quality of your work. If you find it impossible to get that first sale, then maybe take a step back and evaluate your business plan – is it feasible? Or is there just not a market for whatever you’re doing?

If the first sale is just not coming, then there’s probably a problem with some part of your planning, idea or execution, so try to work through all the kinks in your system and maybe even recruit another eager mind into the mix to try and sort it out with you. In any case, once you get your first sale, you’ll be on the road to turning your hobby into a legitimate business.

Be Consistent

If you are quitting your job to pursue this business, then it becomes your new job, there’s no way around it. Make sure that you put in the hours to make it successful, and make sure that those hours are the same – or around the same – for every day that you work. If you put in the time consistently, then you can’t go wrong, but if you’re finicky about when you work and if you want to, then you’ll never get anywhere. Be tough with yourself, and you’ll see the results in your profits.

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Why Your Confidence Needs to Match Your Competence

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Even if you produce amazing results at your job or in other areas of your life, others may still not see you as being competent if you lack the confidence to back it up. If you are good at your job, exuding confidence will ensure others also recognize your competence in your area of expertise. And research backs this up. (more…)

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5 Things You Can Learn From The 5am Club by Robin Sharma

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It has been said by Robin Sharma, “5 AM is the time of least distraction, highest human glory, and greatest peace.” This also happens to be the central idea or the core value he has discussed in his book, ‘The 5 Am Club.’ Speaking of early mornings, at what time do you wake up? Are you annoyed by the fact that you wake up on the edge of time and then rush to work in haste? 

The life lessons put forth by The 5 AM Club are exactly the learning and motivation you need to challenge your complacency. In your race against time, you may not have the time to read this fabulous book. So, we have summed up the key book’s takeaways for your convenience.

1. The vigor of waking up early

This is what the book’s most fundamental advice to everyone is. Waking up at 5 am every day can work wonders to avert failures and make success a natural habit. When we wake up at 5 am, we have more time on our hands than others. Besides, this is when we have minimum interruptions and maximum powerfulness of the mind. 

To add, the early morning peace is priceless! You can schedule your most important tasks of the day between 5am, and 8am. This book teaches us in the simplest way, how we can train our mind and strengthen it to deliver the highest productivity by waking up early. This energy that you have when you wake up in the morning and the few additional hours in your day are what serve as perfect ingredients for success.

“The secret to productivity is simplicity.” – Robin Sharma

2. The power of finding the right balance in life

The book talks about a precious lesson of finding the right balance within. We often talk about the need for mindfulness and achieving the right mindset to perceive things. But this book goes a few steps ahead of our usual approach to life. It highlights the vitality of mindset and introduces the concepts of heartset, healthset, and soulset.

These terms may seem new, but they are self-explanatory. The idea of heartset endorses the essentialness of emotional stability and well-being. Next, the perspective of healthset indicates the need to look after physical health. At last, soulset is an attribute of spirituality. As explained in this book, success prospects can be enhanced big time by achieving the right balance between these internal virtues.

3. The iconic 20/20/20 modus operandi

What is the first thing you will do if you start waking up at 5 am every day? Did you ever spare a thought about it? This book has the answer to this question, and you will be convinced that it is a great way to begin your day!. The author suggests that you should split the first hour of the day into three equal parts of 20 minutes each.

In the first 20 minutes of the day, you should prioritize your physical fitness and exercise. In the next 20 minutes, you should energize your soul and spirit via self-reflection and soulful meditation. This will prepare you for the rest of the day and will enable you to bolster your commitment and focus. In the last 20 minutes of the first hour, you should read and learn. But what are you going to read about in those 20 minutes? Read about successful people and their inspiring journeys to the pinnacle of success.

4. The significance of a proper sleep schedule

In this book, there is a mention of ‘a ferocious global sleep recession’, which is intriguing and enlightening. It hints at the state of sleep deprivation that this world is sinking into gradually. We often associate success and hard work with the notion of staying up all night and testing our endurance beyond limits. But that is not the right approach to accomplishing success, or rather, it is a flawed methodology.

Sometimes even if we do not have any critical work, we keep whiling our night time on social media or television. What are we gaining from it is the real question, and I am afraid the answer is nothing! We learn from this book that it is critical to look after your sleep cycle and start your day at 5 am afresh. Sleep and rest are indispensable for mental and physical well-being, or your productivity will decline.

“If you want to have the results only 5% have, you must be willing to do and think like only 5% do and think.” – Robin Sharma

5. The art of evolving

The book sheds light on the need to be spiritual and master self-reflection. However, do you realize the purpose that the routine of reflection each morning serves? The idea is to keep learning, keep reflecting on the mistakes and keep evolution an ongoing process. You should evolve every day and strive to be a better version of yourself every day. So, one of your primary goals after waking up should be to reflect on your actions and missed opportunities of the previous day.

To recapitulate, The 5 AM Club is a must-read book if you are a passionate reader. It has the prowess and charm to refurbish your perception of life altogether. Even if you cannot read the book for some reason, make sure you incorporate the above key takeaways into your life. By starting your day at 5 am, you can rediscover your lost soul and enthusiasm, and you would not have complaints to make about the lack of time. If you can own your mornings, you can go places on the ladder of success, for excuses are only for those who are not committed to their goals.

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Prepare Yourself for Prosperity With These 6 Success Habits

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Success stories don’t come from naturally successful people. They come from ordinary people with starry eyes and big dreams who stayed true to their end goal and consistently put in the work. They are just like you and me. What sets them apart is their mindset — a success mindset. (more…)

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How to Overcome the Emotional Rollercoaster of Success

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If you’re reading this, I’ll let you in on a little secret: you’re a human being. You have feelings, emotions, beliefs, complexity, and a mind that’s always racing. Your feelings at any given moment in your life have the power to affect what you do and how consistently you do it. (more…)

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