Part 1   How do you take a hobby or interest and turn it into a business?   In this blog, I’d like to share a simple but effective process I use with my clients to take their hobby or interest and turn it into a viable business plan.   This process can be used for any start up business.     IDEA We start with the IDEA.   Your idea for a business may be totally unique to you or it could be providing a service that others already provide like a McDonald’s restaurant.   Once you have decided on what your business is going to be then you need to do your Market Research.     Market Research Researching your market is an essential process. The research you do is to ensure that there is a demand for the product or service you are offering. Here are some of the things you should find out during the research phase:   Place – where is an appropriate place to sell your product … [Read more...]