How many businesses do you have if you call your hobby a business?
Published on March 21, 2015
Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.
How many businesses do you have if you call your hobby a business?
None.
Calling a hobby a business does not make it a business.
I’ve been playing variations on this theme a lot this past week because this concept is so crucial to your success.
What does a real business look like?
Ready to put this into action?
Start your free journey today — no credit card required.
1. You spend real money on it.
2. You spend real time on it
3. You spend deep thought on it
4. You can reliably predict the returns you will receive from your expenses
5. You have systems in place for traffic generation, lead capture, and sales conversion
6. You have outsourced or delegated all tasks except the ones to which YOU and only you can bring the most value.
Take a look at your business. Does it meet the criteria?
If not, don’t fool yourself that your hobby will ever support your financial goals.
I believe this message is clear...
It's up to you to decide what to do next.
To your business,
Michael
I welcome your comments and likes..
Share this insight
This conversation is happening inside the community.
Join free to continue it.The Internet Changed. Now It Is Time to Build Differently.
If this article resonated, the next step is learning how to apply it. Inside Wealthy Affiliate, we break this down into practical steps you can use to build a real online business.
No credit card. Instant access.