Hobbies can become a great source of income if you plan accordingly and understand how to take it from something you enjoy doing and turn it into a viable business with a business plan, marketing strategy, and business processes that handle all aspects of the company like invoicing, payments, taxes and more.

An article for the Huffington Post Canada explored the various things you need to consider before you decide if your hobby can make a good business, including how to determine if you have an audience that is interested in buying the products or services associated with your hobby.

The article also noted the importance of setting up a formal system for invoicing and payments, such as a system like Due provides for its small business customers.

You can read the original Invoicing Part of Turning a Hobby Into a Viable Business article here.

If you are considering turning your hobby into a business, you will need to know how to write a business plan. This blog post shows you all the steps you need to take to create and manage a business plan, which will guide your actions and decisions as you build out your hobby into a business.