How To Decide If You Have A Hobby or Business

Published by Mike Michalowicz (Google+)

How To Become An Entrepreneur

Compiled by Mike Michalowicz, Author of The Toilet Paper Entrepreneur

Category: Branding, Managing Focus, Marketing Like Mad
Tags: , , , , , , .
  • http://ObsidianLaunch.com Mike Michalowicz

    If you don’t know what you have…. you have a hobby.

  • http://www.breakingthe9to5jail.com Devesh

    Use the ‘Sale & Scale’ test.

    SALE: Is your hobby creating a service or product that people will pay for? Do you have even one paying client?

    SCALE: Can your business run, grow, & succeed without you? Can it be put on systems that can be duplicated? Is the market big enough to provide consistent growth & many more similar questions regarding your hobby’s growth as a business.

    If your hobby passes this test, go right on as you may have the next “big” thing up your sleeve!

    • Mike Michalowicz

      @Devesh – Great system!!!!

  • http://www.180daymarketing.com Ken Siew

    Mike I really love this crowdsourced blogging thing! We get to share with everyone what really matters in real life, instead of what the gurus out there say (sometimes they’re right). Very down-to-earth way to give a voice to all TPEs :-) !

    • Mike Michalowicz

      @Ken – we use http://BlogStampede.com – I LOVE IT! It is a great way for the entire TPE community to share their smarts and kick some ass.