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In this episode, we are talking about the difference between running your business as a hobby versus running it as a business. What is the difference? So many people start their business as a hobby and to have something fun to do. But how do you know if you want this as a hobby or business, I’ve got a few questions to ask yourself.
In today’s episode, we talk about:
- The problem that arises when we treat our business like a hobby but want the results to be like a business.
- Ask yourself - Did I start this business because I want to build this into a 5 or 6-figure business or is this for fun something that helps me relax?
- If you don’t have focused work time, you don’t focus on growth.
- Hobby - Something that is done in your leisure time, when you have time, with no expectations. It just makes you happy. It helps you relax.
- Business - it's a primary way to get income or a side hustle.
- More questions to ask yourself - What do you want out of this business? Do you want to grow a team? Do you have big dreams? Do you imagine walking across the stage? Do you have the desire to be in leadership? If you answered yes, you need to start treating this business as a business if you want those outcomes.
- The 4 steps you need to take to treat your business as a business
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Send me the message PODCAST over on Instagram at @rachelaperry and I’ll send you my "Parties-Optional Profit Plan!"
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