Turning Your Hobby Into A Business Opportunity If you're good at something and you enjoy it, why not make it your business?

Now that you've moved your hobby into business status, hereare some things to keep in mind as your company builds:

Be resourceful. This is especially important if you don'thave a lot of start-up cash. Look for economical alternatives toget what you need. For example, Key Lime Inc.'s Kenny Burtscouldn't afford to build a commercial kitchen (required byhealth codes), so he worked out a deal to use a friend'sdelicatessen kitchen during that company's off hours.

Keep up with technology. You may think you've bought allyour equipment and now you're on Easy Street. Then six monthslater, your equipment is outdated and your clients are calling fornew services that are all technology-based. From the day you buy apiece of equipment, have a plan in mind for its eventual upgrade orreplacement.

Listen to your customers. With a hobby, you only need to satisfyyourself; with a business, you need to satisfy your customers. Andyour customers will tell you what you need to do to grow.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Investment Firm CEO Tells Thousands in Conference Audience That 60% of Them Will Be 'Looking for Work' Next Year

There were over 5,500 people at SuperReturn International 2025, making it the largest private equity event in the world.

Side Hustle

After a 12-Year-Old's Side Hustle Made Over $4,000 in 1 Day, He and His Dad Grew the Business to Nearly $50,000 a Month: 'It Takes Commitment'

Madden Forrest and his father, Steven, turned their passion for football into a lucrative business.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Here Are the 10 Highest-Paying Jobs For New Graduates With a Bachelor's Degree — and They All Start at Six Figures

According to a new report from Resume Genius, finding a high-paying job as a new grad is possible, even in this market.

Business Solutions

Discover How AI Can Transform the Way You Work With This $20 E-Degree

Learn how to make AI work for you with the ChatGPT and Automation E-Degree, now for just $20.

Business News

Is AI the Reason for Your Layoff? New York Becomes the First State to Require Companies to Disclose If So.

It's the first official statewide move towards understanding AI's effect on the labor market.