Are You Treating Your Home Business Like A Hobby Or A Business?

 


Visitors: 161

Ok. . . so now you own a home business. You’ve kicked the tires, asked a few friends and family members about home businesses and maybe spent a few dollars. Your home office is ready, you have a website. Now what? How serious are you about your business? There are two directions you can go at this point.

1) Treat your business like a hobby.

or

2) Treat your business like a business.

Many of us have had hobbies in our lives i. e. . stamp collecting, coin collecting, trading cards, collecting antiques. . . etc. These are all wonderful endeavors, but how much time and energy do you really devote to them? Hobbies a simply that. . . . . hobbies. They are done in your spare time. They may make you some money in the very long haul, but most hobbies are not intended to diversify income yet many people treat their home business with a “hobby” mentality.

Imagine operating a brick & mortar business with the attitude of “I’ll work my business when I get around to it”. You do not have to make yourself available 7 days a week, 24 hours a day, but a simple hobby mentality is just not going to cut it you want to develop a profitable home business. Treat it like a business because that is what it is.

Once you have made the decision to own a home business, consider yourself Donald Trump! Everything you do during every minute of your day will effect how well your home business does. Do ONE productive thing to promote your home business everyday. Remember that you are not collecting stamps anymore. Move forward! Think, talk, dress, and walk like a millionaire until you have convinced yourself that you are.

We all want our home businesses to succeed. If you treat your business like a hobby, it will pay you like a hobby. Treat it like a business, and it will pay you like a business.

To your personal and financial success in life!

Chris Keenan has been a successful banker and lender for more than 20 years. To learn more about establishing a business of your own, please visit his home business website at http://www.bizmancan.com

(388)

Article Source:


 
Rate this Article: 
 
Business or Hobby...What Would the IRS Call YOUR Business?
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Are You Treating Your Internet Home Business Like a Business

by: Jeff Schuman (July 07, 2008) 
(Home Based Business)

A Hobby Or a Home Business For a Living?

by: Tim L Phillips (July 14, 2008) 
(Home Based Business)

Turn Your Hobby Into A Home Based Business

by: Ken Shorey (January 25, 2007) 
(Home Based Business)

Starting an Online Home Business Based on Your Hobby

by: Stephanie Ly (December 11, 2009) 
(Home Based Business)

Home Based Business Success - It’s A Job Not A Hobby

by: Kathleen Ferri (May 02, 2009) 
(Home Based Business/Network Marketing)

Turn Your Favorite Hobby Into A Successful Home Based Business

by: Mabel Van Niekerk (February 19, 2007) 
(Business)

How to Turn Your Hobby into a Money Making Home Based Business

by: Kanaga Siva (March 16, 2007) 
(Home Based Business)

Home Based Craft Business - Turn Your Hobby Into a Career

by: Teresa Tackett (August 23, 2008) 
(Home Based Business)

Turning Your Hobby into a Business - Want to Make It a Successful Business?

by: Lee Lister (July 03, 2006) 
(Business/Entrepreneurialism)

Business or Hobby...What Would the IRS Call YOUR Business?

by: Vicky Collins (February 17, 2005) 
(Home Based Business)