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Turning a Hobby into a Business
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By Bob Benson

Many of us dream of being our own independent bosses by going into business for ourselves. And most of us would jump at the chance to do what we enjoy, as a vocation. Realizing that kind of dream may be easier than it sounds, and people do it all the time by doing to a business that keeps them involved in the hobby or pastime they are most passionate about in life.

If you think this is a path you want to take, make an inventory list of your favorite hobbies and areas of interest. You may have a talent that can be sold as a service, or you may have a hobby that will allow you to turn it into a business supplying products to others who share the same hobby.

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For example, if you are a mountain biking enthusiast, you may notice the need for a book bike shop in your town. You could open one and put your interest in biking to good use, providing a valuable service to others who needs accessories, bikes, and bike repairs. Or if you live in a place where the biking attracts tourists and other visitors, you could start a guide service, and lead people on organized bike excursions for a fee. Many athletes parlay their talents into businesses this way, by becoming coaches, by sponsoring lines of sports products, or by participating in the sport in ways that involve the kinds of things we mentioned

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This entry was posted on Monday, July 24th, 2006 at 6:30 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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