Ep. 23 Is Your Side Hustle a Hobby or Business?
9/17/24
Welcome to DO GOOD X hosted by Kimberly Daniel and Stephen Lewis. In today's episode, they explore the question: Is your side hustle a hobby or a business? Tune in as they break down the key differences between hobbyists, tinkerers, and entrepreneurs, helping you determine where your passion falls. Whether you're in it for the love of the craft or you’re ready to transform your side project into a full-fledged business, this conversation offers valuable insights. Don't forget to join the DO GOOD X LinkedIn community to support and encourage your entrepreneurial journey.
In This Episode
- [1:31] Is your side hustle a hobby or a business? Kimberly and Stephen define the differences between a hobbyist, a tinkerer or an entrepreneur
- [4:36] Passion does not always translate into a business, but do your research if you want to turn your passion into a business
- [7:59] Sometimes your passion isn’t about making money; it’s for the love of what you are doing
- [9:29] A passion for making a positive impact can lead to a successful business when it addresses a widespread problem
- [11:26] Demi McCoy, featured in a previous episode, is an example of having a passion for graphic design, and it became her full-time job
- [12:44] Guy Raz is a good resource for those wanting to explore the entrepreneurial journey. Check out DOGOODX.org for tools for accessing other resources
Key Takeaways
- Is your side hustle a hobby or a business? Are you a hobbyist, a tinkerer or an entrepreneur?
- A hobbyist is fueled by their passion, a tinkerer creates something from their passion that solves a business only a few people face, and an entrepreneur designs a product or service driven by their passion
- If you want to turn your hobby or project into a business, do your research