Should you turn your passion into a business?

We all have been there. Maybe some of you are at that point. You are absolutely passionate about something that you do and you have even been selling it for a while and you are thinking, Should I turn my passion into a business?

How will you know if you are ready to take the big leap into converting your passion into a business? I know everyone has a passion. And everyone does not need to convert it into a business even when it is helping them make money! What are the signs to look for when you want to take that big decision?

Here is a list of questions to ask yourself when you are faced with this dilemma. Your answers will help you make the decision.

Do you want to make money from your passion? You might be actually making money out of it right now, but do you want to make the stuff you love to make to earn more money? 

Are you sure you can keep your interest in your passion when you have to make it rather than want to make it? It is very difficult to upkeep your passion when the thing you do becomes a mandate. Will you be able to enjoy it when you are working with deadlines?

Are you ready to put in more than just your passion? I am not just talking about money here. I am talking about doing things that you might not enjoy - marketing, accounting, sales and shipping. Will you manage not to get frustrated when you have to do more of these undesirable tasks than your actual passion?

Are you ready to take the risk? Finally the question that is a constant irrespective of whether you are starting a business based on you passion or not. Are you willing to take a risk. Things might not go where you want them to. You might not make as much money as you want to. You might not even enjoy what you are doing anymore. When your passion becomes work, you might not feel as passionate about it. Are you willing to take that risk?

Asking yourself these questions will help you take the decision whether you should convert your passion into a business or not. If you need more help you can always buy my ONE month mentoring package to help you through the process. Or if you have already taken the decision, you can buy my Pathway to Success : Goal setting workbook to help you clarify your vision and set your goals.