7 pitfalls to making your hobby a business

Turning your passion into profit

Your friends rave about the colorful scarves you knit for their birthdays. Or maybe co-workers encourage you to start selling the cookies you bring to the morning meetings. But before you create an Etsy store and sign up for an account with Square, it’s important to consider what it really means to try to profit from your passion.

"A lot of creative people don’t think about what it means to turn their hobbies into businesses," says Kari Chapin, author of The Handmade Marketplace: How to Sell Your Crafts Locally, Globally, and Online. "You go from being a potter to also taking on the role of accountant, photographer, Web designer, HR manager and errand person; there is a lot more to it than just deciding to start selling things."

If you’re thinking about turning your hobby into a business, first consider these 7 pitfalls.

By Jodi Helmer
Interest.com Contributing Editor