- Is your hobby something that is a career for other people?
- If “yes,” does that career make money that you could subsist on with a lifestyle similar to what you have now?
- Do you have enough money for the costs it will take to turn the hobby into a career without taking on debt?
- Are you confident that you can do the less exciting parts of the hobby when turning it into a business (i.e. sourcing, bookkeeping), day in and day out?
- Are you someone who stays focused without getting distracted or antsy and easily bored?
If you answered “yes” to all of these questions, well then keep exploring how to turn your hobby into a jobby.
If you answered “no” to most or all of these questions, then think twice or thrice about trying to making your thing into a more than a hobby — or a side hustle.
If the above “Jobby or Hobby” quiz was your midterm, then here is your final exam. This is the final “Are you sure you want to go through with this?” that’s similar to the one you get before you get on a rollercoaster. If you think you’re ready to take the leap from side hustle to full-on business, see if you can answer “yes” to all of these questions:
- Are you ready to create a solid plan for your business and define specific measures of success, not just the willy-nilly, pie-in-the-sky ones you’ve been dreaming about?
- Are you prepared for the major investment of hours you’ll need to make to transition into a business of your own?
- Are you cool with growing your company slowly, so that you can invest more time (which is technically free) than money? (BTW: Craig Newmark, the founder of Craigslist, started that major company as a side hustle in 1995…and it wasn’t until 1999 that it became an actual company.)
If you’ve answered “yes” to all of these questions after slaying your side hustle game, then you’re ready to turn this thing into the main course of your career. You’ll still be hustling when you do, obviously. That’s the thing about success: it’s a constant hustle. Success is never owned, it’s rented and rent is due every damn day. Oh, and there’s no elevator, you gotta take the stairs. So, bitch, let’s start climbing.