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How to Turn Your Hobby into a Business

Strategy Driven

Developing a business model is an important part of building a successful revenue generator. It’s easy to identify a problem, get an idea, and embark on product or brand development right away. But if you don’t have a clear way to monetize your product and/or service, you’ll never turn your hobby into a long-term, sustainable business.

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21 Home-Based Business Ideas & Tips for Starting a Business from Home

Miles Anthony Smith

Term loans , SBA loans , lines of credit and invoice financing are just a few of the options available to small business owners. Develop your Expertise Daily ​ Becoming a true expert in any field doesn’t come overnight, it takes months and sometimes even years of consistent study and practice.

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On a Consumer Watershed

Marshall Goldsmith

This trend means that leaders of successful organizations will need to develop different organizational structures, systems, and skills in order to meet these new customer requirements. Skills in developing partnerships that cross boundaries are critical. Skills in developing partnerships that cross boundaries are critical.

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Why Google Fiber Is High-Speed Internet’s Most Successful Failure

Harvard Business Review

In 2009, Congress charged the Federal Communications Commission with the development of a National Broadband Plan (NBP). In short, Google wanted partners, not antagonists. New technologies — including low-orbit satellites and “fixed wireless” — were developed for remote and rural locations.

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Should Your Business Be Nonprofit or For-Profit?

Harvard Business Review

However, even as a nonprofit, we believed in running the organization as a business; we would sell the product at a margin, and any "profits" would be reinvested back into the company to fulfil our longer term goal: to create a line of affordable medical devices that could save the lives of millions of at-risk babies.

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Great Innovators Create the Future, Manage the Present, and Selectively Forget the Past

Harvard Business Review

To deal with this problem, over the course of thirty-five years of working with and doing research in corporations around the world, I have developed a simple, practical framework that recognizes all three competing challenges managers face when leading innovation. You need to develop a process for hedging risk. Potato Head, G.I.