Do you want to turn your hobby into a business? Are you good at arts and crafts? Instead of knitting sock for your little ones and making baking baskets for your family and friends, think about turning your passion into money making endeavor. But remember once you venture into a business it is important to put your skills to work keeping the customer in mind. There is a lot of difference between crafting for friends and taking it up as a business option. If you want to make money out of your hobby, then it is time to be serious. First set your goals. For a business startup, there is no need for a degree in Business Management but it is necessary to read what business is all about or take up a seminar on business startup.
Before starting arts and crafts business, it is important to consider the craft skills you have on hand. Also, consider if you have the management skills to start a business. Once you are clear of you skills and capabilities, it is time to check out the space. Even though you want to run a home based business, it is essential to have a workshop, display room and office space. Analyze on the space requirement, furniture and equipment. You could use the garage or even convert your patio or backyard into your workshop. Operating a business from home also requires you to abide by certain laws and regulations. These regulations vary from country to country and state to state. Check out zone regulations and how to apply for a business license and permit.