Tips For Turning Your Passion Project Into a Fully-Fledged Business
Start writing a post
News

Tips For Turning Your Passion Project Into a Fully-Fledged Business

Turning your passion into a successful business venture is something everyone dreams of achieving. After all, is it really considered work if you love what you're doing?

79
Tips For Turning Your Passion Project Into a Fully-Fledged Business

Although it may seem like an impossible task at first, ensure you're on the path to success by following our expert tips on how you can efficiently go from passion to business.

Set Out Your Plan

Before you completely cut ties with the full time working world, there are some crucial factors that need to be considered before taking the leap of faith. Firstly, plan and consider the money and resources you will require in order to make your business successful. An initial investment is something that cannot be overlooked or bypassed but if you have savings that can kickstart your business immediately, you already have one foot in the door. However, if you have no funds or resources, you may need to continue working 'for the man' a little while longer until you are financially funded.

Now, how exactly can you plan for your business? Simple, take pen to paper and draw up the skeleton of your business. Every business model needs to start somewhere and when your business begins to look promising, you will need a reliable STP software for mandatory wage reporting to the Australian Taxation Office (ATO). Further to this, think about some more basics! Where will you purchase the equipment you require? What space will you work within? And how will you advertise yourself? Even though the answers to these may seem blurred at first, with the right planning you'll on your way in no time.

Work Towards Your Goals

Let's face it, not everyone is going to see or agree with your vision, but don't let this bring you down. Instead, surround yourself with like-minded people that can help you grow from where you are now, to where you envision yourself to be. However, you can only be as successful as the efforts you put in and since you'll be focusing on your startup in your spare time, be prepared to make sacrifices. Weekends and after work hours will be your glory time! And while everyone is making plans for gathering and celebrations, this is something that you will miss out on. Be practical when you are setting your goals; ensure they are achievable and within the deadlines that you set. Any progress that you make will bring you one step closer to the bigger picture and all the hours that you put in building towards your dream will be worth your while.

Networking, Networking and You Guessed It… Networking!

The importance of networking is something that cannot be overlooked. Developing relationships and connections with people who are in the same industry will allow you to have more opportunities when it comes to progressing in the field. Sign up for seminars, attend the meetings and show your face at the exhibitions! The more time you put into networking, the more results you will receive in return. Word of mouth can work wonders and in turn will lead to the scaling of your business without having to spill out enormous amounts of money. To find out the seminars in Melbourne and times available, click here.

~

Ultimately, there will be a point in your journey where all the pieces of the puzzle will make their way together. You will notice that your 'hobby' has now turned into a full-time role and you're achieving financial goals. At this point, all the efforts you have put into your business will start paying off. This will take some time, so don't give in- keep working towards your vision because one day your dream will be a reality.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee
nappy.co

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

90795
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less
Lifestyle

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

62623
loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets
StableDiffusion

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments