is it a business or a hobby

Hobbies Don’t Have To Be Businesses

Hobbies don’t have
to be businesses.

We don’t have
to monetize
EVERYTHING
we do.

Some activities
can just be
fun.

You might think
this is a strange comment
to make
on a site
dedicated to building businesses.

But taking a hobby
and converting it
into a business
is a lot of work
and
that might not be worth
the effort and other resources
involved.

We are likely
better off
using those resources
to build businesses
that DIDN’T start as hobbies.

If you didn’t have that hobby,
would you still start a business
involving it?

If the answer is no,
think long and hard
before going that route.

Hobbies don’t have to be
and often SHOULDN’T be
businesses.

A loved one
claims he purchased
a house
as a business opportunity.

He plans
to turn it into
an Airbnb.

I walked through the place.

His claims
of it being a business
are
bullsh*t.

He plans to use it
as his personal
vacation property.

How did I know this?

Every renovation decision
was based on
his personal tastes.

He has a kitchen counter,
for example,
that needs to be cleaned
a very specific way
or
it will scratch.

All his textiles,
as another small example,
have to be treated
very, very gently.

That’s not rental friendly.

If you base decisions
on what YOU like,
not what your target market
likes or needs,
you have a hobby,
not a business.