There are many ways that can develop a business idea, but one of the most common scenarios we see here at Small Business BC, the person who is looking to turn their hobby into profession.
probably started, handicrafts, jewelery, cakes, etc. to make to give friends and family as gifts, never with the intent that they have been sold, and, of course, received rapturous praise. So thrilled with the gifts, their friends and family often say, "have you ever thought about your hobby into a business," tells the person: "I know so many people who would buy them."
While some only brush the proposal, others begin to wonder: "Can I really do?", "Will actually sell my products?" and "Where do I start?"
, the answer is simple, you first need to evaluate your business idea.
How your business idea
Evaluating your business idea is not to judge the determination of whether it is a good or bad idea, but it must be determined whether it is a market for your product how much money you have to perform start-up and the business, and who your competitors are.
to use A great tool is the business idea evaluate information sheet. I call it the pre-business plan. The questionnaire includes 20 different points which are understanding your business and industry as a whole decisively. Topics include:
- create a customer profile
- How is your product or service is a problem for the customer to solve
- define how and where you go to sell customers in your area
- who are your competitors are and the price they charge
- Prices and costs your product
- identify trends in the industry that can help your business or impede
- government laws and licenses that apply to your business
- marketing and sales strategies
- and the resources required to make the business work and grow.
Consult the help and training you need
after going through this exercise, you will be better prepared to create your business plan and have a better understanding of what is involved with starting a business.
But fear not! You do not have to do it alone. There are a number of tools and resources available to help you along the way. And we are here to get you help to his feet.
Small Business BC has a number of seminars that help you rate your business. From Business Mapping and market research, branding and pricing and costing your product.
If seminars are not your thing, our team of consultants are also here, as our market research, business plan and trade analysts to help
The proof that you do it well
What's a fun hobby into a profitable small business do to see I love most. become some of these great hobby business I've seen are:
- Lovey Body Products
- Charles & Grace Jewelry
- Noir Lash Lounge
And do not worry if your idea does not work, there are other options
Tom Kelley, author of Creative Confidence bestselling, The Art of Innovation and the ten faces of innovation and partner of the renowned "not often, so you can be successful sooner.": design and innovation consultancy IDEO, once said and it's true. One of the biggest characteristics of successful entrepreneurs is their ability to remove dust and try again.
If at the end of the process, your business idea is not feasible seems, why not another way you look at your monetize hobby? For example:
- Teach others how to do what you love through education or training in the provision of
- create an online store key accessories for other sale that the same Share Hobby
- for magazines write about your hobby or to fix a blog
- Appraise, repair or items that are related, what you love
a Hobby is an important part of a business idea, as it gives you a window into is what you already love and value most natural. All components to a business and career, where you will thrive.
There may be a large amount of joy to be generating income from something you might like to do for free. There are also practical advantages. You probably have a lot already requires the skills, experience and personal connections for success. Now you just need the tools and resources to make it profitable.
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