While most people have a passion, hobby, or talent, few are able to turn a hobby into a profitable business venture. At SIU Credit Union, we know that it can be done. Use these questions to guide you as you transform your hobby into the next small business in your area.
How can you make it unique? Having a talent for something doesn’t always translate into a successful business opportunity. So how can you make your work stand out from the rest? Get creative and find a way to provide a custom service to consumers by doing what you love.
What need does it fill? To succeed, a product or service must fill a need or solve a consumer problem. An effective entrepreneur must identify consumer needs and find a way to tweak his or her product to fit these needs. To start, examine your community and look closely at what those around you are doing. Then find a way to make your passion solve a problem for future customers.