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Updated about 9 years ago on . Most recent reply

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115
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15
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Vick Galu
  • Honolulu, HI
15
Votes |
115
Posts

business or hobby

Vick Galu
  • Honolulu, HI
Posted

can anyone give me some tips as to how to start treating my business like a business and not a hobby?

Thank you

Most Popular Reply

User Stats

98
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46
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Rapy Narruhn
  • Vancouver, WA
46
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98
Posts
Rapy Narruhn
  • Vancouver, WA
Replied

Welcome to BP @Vick Galu

Someone once told me that if you're not getting paid to do what you do, it's a hobby. If you're hobby pays you, it's a business.  You can definitely find a lot of information for free on BP. Listen to the podcasts religiously. 

If you want to take that "leap" you were talking about in your other comments, you have to be willing to make mistakes. That is the only way you will learn but most importantly, succeed. There is another option that you can take. It's the one I took. Learn from an experienced investor, a mentor. If he sees that you're passionate and in it for the long run, he'll be happy to help you. BUT, he'll want something in return. The fact that you're new to the game, you're best option is to work for free. That way you're bringing something to the table and not just expecting anything for free. This route will save you thousands of dollars. You're learning from another person's mistakes and will fast forward you on your journey to success. 

If you got any other questions, just hit me up. Always good to see other islanders with that grind mentality. Do not fear "no."

rn

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