Glen Muske’s blog post “Hobbies May Not Equal Business Opportunities,” covers a few ideas as to why opening a business in relation to one’s hobby might not be totally ideal.
After the Sauder Alumni guest speakers spoke with us about their stories, I have realized that each one of them relied on an inspiration to guide them through their entrepreneurship experience. Although they may have had other hobbies, they mainly relied on an idea that they thought could be profitable instead, even though it may have not been necessarily in their area of expertise.
This connects with Glen Muske’s post because it parallels with his suggestion that opening
up a business based on a hobby might not be the most beneficial nor profitable choice. Our Alumni guest speakers proved that with the right skills, drive and commitment, a successful business can be derived form there, if something is found to work with that people want or are in need of.
Each spokesperson representing either Naked Coconuts, SIP Soda, or Tangoo stated how in order to reach such a high level productivity one must be willing to dedicate a lot of time into what they are doing, be patient, and not give up within the many times of trial and error.
All the creators of an accomplished business have essentially gone through the same process. Inevitably, each one of them had to devote a handful of free time into something risky where they weren’t guaranteed a positive result
The secret here is that the actual hobby needed to develop a business is to want to take risks and make a change. Muske’s post simply clarifies that an interest and passion in a particular hobby is not enough to become an entrepreneur because in the end that might not have been what the person actually wanted or expected.
Source:
http://smallbizsurvival.com/2014/03/hobbies-may-not-equal-business-opportunities.html