From hobby to side hustle: 10 steps to turn your passion into a career in 2025
18. 12. 2024
5 min.
Journalist and editor
Is 2025 the year you turn your passion into a thriving career or side hustle? It’s an exciting—and big—step to take, that comes with its share of obstacles. Whether you’re launching a business for the first time or pivoting careers, success starts with the right strategy. From financial planning to building your brand, here are 10 practical steps to help you take your hobby to the next level.
1. Evaluate your skillset
It may be tempting to jump right into building your business plan or setting up your website, but long-term success starts with a little self-evaluation. Knowing your strengths and weaknesses will make the transition smoother, especially if you’re changing industries.
Start with introspection
Start by listing your hard and soft skills. Go beyond your current role and think of any skills you’ve acquired throughout your career, from communication and leadership to data analysis and budgeting.
Identify transferable skills
Next, list the skills you’ll need to succeed in your new venture. Compare the two lists to find your transferable skills—the abilities you already possess that apply directly to your business.
Bridge the gaps
If you find that you’re missing key skills, start learning now. For example, if budgeting is a weak point, take an online course or practice with tools like Excel or QuickBooks. Building these skills early will save you stress when it’s time to order materials or invoice clients.
2. Research the industry
Once you know what you’re bringing to the table, it’s time to research the industry and market you want to break into.
Understand the market
“If you haven’t done your market research, you’re behind the curve,” says creative consultant Natasha Moss. According to Moss the three key things industry research can help you understand are your competitors, pricing, and content. “[It’s] going to help you understand the type of content your target audience wants to see and gets the most value from.”
Analyze competitors and gaps
Look for gaps in the market where your skills or product can shine. Use tools like Google Trends, LinkedIn, and competitor websites to analyze industry standards, pricing, and potential opportunities.
Leverage information interviews
Reach out to people who have successfully launched similar businesses. Ask about their journey, lessons learned, and unexpected challenges. These insights can save you time and provide a roadmap to success.
3. Examine your finances
Before you start building your business plan, take a detailed look at your finances. Financial literacy is a critical skill for any entrepreneur. Ask yourself questions like:
- How much can I invest? Set a realistic budget without risking your safety net.
- Do I have a stable income? Will you keep your day job initially?
- When can I go full-time? Decide on financial milestones that will allow you to commit.
- Do I need investors? If external funding is necessary, plan how to pitch your business.
Consider working with a financial advisor for a clearer picture. Laying out your financial expectations early will help you set realistic goals.
4. Check the logistics
Every new business involves bureaucracy, so it’s best to be proactive.
- Do you need a license or certification for your work?
- Will you register as a freelancer or small business?
- Are there specific taxes or legal requirements for your industry?
- Have you signed a non-compete clause with your current employer?
If you’re unsure about legal or tax implications, consult with professionals. Getting this right early will save you headaches down the line.
5. Build a business plan
When you have your financial and legal questions squared away, it’s time to build your business plan! This is one of the most important steps to set yourself up for success. Whether you’re going it alone or hoping to woo investors, you’ll need a detailed plan for your new business.
Key elements of a strong business plan include:
- Company summary: Define your product or service offerings and business goals.
- Market analysis: Outline industry trends, competitors, and your target audience.
- Financial projections: Set realistic revenue and expense forecasts.
- Business structure: Describe how your business will operate.
- Vision for growth: Set short- and long-term milestones.
Start with templates like SCORE or Lean Business Plans to build a clear, actionable framework.
6. Get organized
This step may not seem as important as the others, but your soft skills around time management and organization can make or break an entrepreneur. You’ll need to plan for both the big picture and day-to-day.
Plan the big picture
Start by making a calendar with major milestones you want to hit for the first year. This will give you an idea of when smaller goals should be met along the way. According to Bill Harper, CEO of BrandBossHQ, this step is fundamental to starting a business. He cautions that “before we do sales, before we do marketing we have to understand the business, what it wants to achieve, and how it’s performing currently. This is how we get meaningful KPIs. If we don’t understand how to measure success, we’re just throwing money out the window.” Metrics like revenue, clients, or social media growth will help you measure success.
Manage the day-to-day
It’s also important to plan on a smaller scale. How many hours a week can you dedicate if you’re working part-time or keeping your day job for the time being? How will you communicate with clients and customers? Before you launch your side hustle, you’ll need to have a rough idea of how many orders, clients, etc. you can accept in a certain timeframe so that you don’t spread yourself too thin or overpromise.
7. Create your brand
This is the step where you can let your creativity shine and take a break from the numbers game to focus on more qualitative pursuits. How you craft your personal brand will differ depending on your industry. For instance, if you’re in a creative field, you might want to focus on building your portfolio and choosing what best showcases the kind of work you want to be doing. However, if you’re selling a product, you may want to focus on making an engaging website and crafting marketing assets to attract new customers.
Along with building your business plan, this is where a company mission statement will be important. What is your promise, what do you have to offer, and what makes you unique? Social media is an especially powerful tool for building your personal and professional brand. You can leverage your personal accounts to announce your new business, as well as create new branded accounts to build community and attract consumers.
8. Activate your network
Once you’ve created a strong brand identity, it’s time to activate your network! This is one of the biggest steps you can take in your journey to turn your passion into a career. However, remember not to jump the gun with this. You don’t want to announce the launch of your business if you aren’t actually ready to accept orders or take on new clients.
Use LinkedIn, your alumni network, family, and friends to help spread the word about what you have to offer. It can be awkward to put yourself out there and share something that you’ve been working so hard on, but you could be one repost away from your first customer!
9. Take your time
It’s tempting to dive in full-time, but patience is key. Business magnate Marc Cuban advises, “You work your regular job during the week, and at night or on weekends, that’s when you work on your start-up.” In contrast, his Shark Tank co-host and investor Barbara Corcoran suggests quitting as soon as your side hustle pays your basic expenses: “Most people wait too long.”
There’s no one-size-fits-all answer—you’ll need to decide what works for your financial situation and goals.
10. Stay passionate
Turning your hobby into a business can blur the line between work and play. To avoid burnout, make time to enjoy your craft without monetary expectations. Staying connected to the passion that inspired you will help sustain long-term success. Remember why you started, and let that drive your journey forward.
Photo: Welcome to the Jungle
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