27 November 2009, by A. Cedilla
A hobby is for having fun, a business is for making money. Pretty simple, don’t you think?
But not if you’ve been exposed to the mind-set that you can make your fun-time activity morph into a cash-cow with a little experience and some elbow grease — Ka-CHING!
The heavens will open to the glorious sound of angels singing, and you get to have the time of your life using your passion to make money.
One thing though: The root of the word “passion” has one other meaning that’s not as well-known as the obvious.
It means “suffering” as well.
If you have any appreciable life experience under your belt, you’d appreciate the irony.
There are always different sides to any issue, any course of action, and focusing only on the parts you like is as smart as running in the dark with one eye closed. Get the picture?
Hobbies express your interests. They can help you channel your dreams, deal with stress, reach out to people, learn new things. Businesses can too, of course, but at the core of the whole thing, materially, practically and cold-bloodedly speaking, is to make money.
One easy difference is the sheer amount of forethought and planning you need to run a successful business vs. the gadgetmania and fun that usually dominates a hobby.
Another is the amount of time a hobbyist can fantasize about what else he can do with his past-times, a habit that, while sometimes useful in business,is also thought of as “not thinking things through.” Continue reading 5 Ways Hobbies Aren’t Businesses