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Monetizing Your Hobby: Is It a Trap?

Updated: Jan 24, 2020

In between the dull roar of posts about the #MLBCheatingScandal last week, I noticed a Tweet from @AVDoesWhat that I found really interesting.

As the executive director of a business incubator and work space, this question hits close to home for me. Because really, isn't this where a lot of businesses, particularly side hustles come from? I enjoy making jewelry, or baking and decorating cakes, or taking pictures, so I'm going to see if I can make some money doing it?

Genius ideas are born from necessity. Top quality services are offered by field experts. Very rarely (though we do see it), does a person say, I want to own a business and I don't know a thing about pets, but I'm going to start a grooming company. Again, it happens, but it's rare.

So where is the trap?

<Insert Admiral Akbar Meme Here>

(No, I'm not taking on The Mouse today, folks.)