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Barnett - From Passion to Income: How to Turn Your Hobby Into a Profitable Small Business

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Barnett From Passion to Income: How to Turn Your Hobby Into a Profitable Small Business
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From Passion to Income: How to Turn Your Hobby Into a Profitable Small Business: summary, description and annotation

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Overview: From Passion to Income: How to Turn Your Hobby into a Profitable Small Business is for people like the bored office worker who dreams of starting a soap business. Maybe there is a laid-off factory worker who makes jewelry in her spare time or a carpenter who had a heart attack and can no longer work a vigorous job yet wants to continue to use his hands to make woodwork designs. This guide provides easy-to-read and simple-to-follow instructions on how to go from giving away your handcrafted items to establishing a legitimate business and earning money. It is my desire to help those who have financially struggled or want a new career path.

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Copyright 2014 by Sharon Barnett All rightsreserved No part of this book may - photo 1


Copyright 2014 by Sharon Barnett

All rightsreserved. No part of this book may be reproduced in any form, except forbrief quotations in reviews, without the written permission of thepublisher.Scripture quotations marked NIV are taken from THE HOLY BIBLE, NEWINTERNATIONAL VERSION NIV Copyright 1973, 1978, 1984, 2011 byBiblica, Inc. Used by permission. Allrights reserved worldwide.

Scripturequotations marked NLT are taken from the HolyBible,New LivingTranslation, Copyright 1996, 2004, 2007, 2013 by Tyndale House Foundation. Usedby permission of Tyndale House Publishers, Inc., Carol Stream, Illinois60188. All rights reserved.

Scripturequotations marked HCSB are taken from the Holman Christian Standard Bible , Used by permission HCSB 1999,2000, 2002, 2003, 2009 Holman Bible Publishers. Holman Christian Standard Bible , Holman CSB , and HCSB are federally registered trademarksof Holman Bible Publishers.

TheseScripture sources were found at Biblos.com. Bible Hub: Online Bible StudySuite . 2004-2014. 6. November. 2014. http://www.biblehub.com

Cover photos by Bob Anderson, Sharon Barnett, Roger and Gena Genet, Diane Helentjaris, and Misty Porter
Cover design by Kristine Cotterman - ExodusDesign.com


To Michael,

Thank you for being my partner throughout all of our trialsand joys

I have found the one my heart loves

Song of Solomon 3:4


Table of Contents


My Story


Do You Have the Heart of an Entrepreneur? Checklist
Are You Prepared to Start a Business? Checklist


Start-Up Costs and Budgeting
Place and Time


Registering Your Business
Choosing a Business Structure
Deductions
Taxes


Business Cards
Selecting a Web Designer - Kris Cotterman


Ideal Customer
Customer Service
Values


Pricing Formulas
Break-Even Analysis


Photographing Your Craftwork
Be Prepared to Deal with Careless or Inconsiderate Customers


Craft Shows
Set Up


During the Craft Show
After the Craft Show


Open House, Retirement Homes, and Trunk Shows

Etsy Success Story


Grow your Online Sales - Carolyn Dickerson M.B.A.


Email Marketing Campaigns
Pay Per Click Advertisements


SCORE, Business Coaching
Time to Celebrate Your Hard Work


Acknowledgements

How blessed Iam to have the love of my husband, Michael, throughout this journey of writingmy first book. Your steadfast faith has been truly amazing! I am thankful forthe support from my parents, Clark and Sarah Rhine, who always stated I was agood writer. For my sister, Yvonne Sudy, who transformed my pages into a bookstructure and also gave excellent feedback. For my brother-in-law KevinSudy who slashed through my first edition, reviewed all the graphs andunknowingly encouraged me to start over. For all those who contributed to thebook: Bob Anderson, Diane Helentjaris, Roger and Gena Genet, J and K,Leslie Marshall, Tim OBrien, and Misty Porter I extend an incredible thankyou for your patience and time! You have significantly added to thisbook. For Carolyn Dickerson who not only wonderfully contributed toward thisbook, but also did the final editing. Thank you Kris Cotterman, who alsocontributed to the book, has been a tremendous blessing to Michael and me! Herhusband Rick Cotterman has done a fantastic job with formatting my script tobecome an easy to follow eBook. I also thank Rob Langenderfer whohas done a wonderful job with editing this book.

ToGod be the Glory!


Introduction

Many American families are struggling. Although the official unemployment rate for June 2014 was 6.1% Many whoare unemployed have quit looking for jobs or become underemployed and workone or two part-time jobs just to pay the bills. In my Church Life Group of tenwomen, within the past few years, two have lost their jobs, and one isconcerned her position may soon be eliminated. Other individuals may feel sooverwhelmed with the additional responsibilities at their jobs that every workday becomes a major stressor. Some, like my husband, can no longer work theirposition of many years due to a medical condition. There are also those who aredoing well in their careers yet know it is time for a change. If you fallinto any of these categories and also have a hobby you were thinking ofdeveloping into a small business, this eBook is for you. From Passionto Income: How to Turn Your Hobby into a Profitable Small Business is forpeople like the bored office worker who dreams of starting a soap business.Maybe there is a laid-off factory worker who makes jewelry in her spare time ora carpenter who had a heart attack and can no longer work a vigorous job yetwants to continue to use his hands to make woodwork designs. This guideprovides easy-to-read and simple-to-follow instructions on how to go fromgiving away your handcrafted items to establishing a legitimate business andearning money. It is my desire to help those who have financially struggled orwant a new career path. For those of you who do not have a hobby butdesire to start a craft business, at the end of the book (Appendix A) there isa section on exploring interests.

Turning your craft or artwork intoa business can be overwhelming with all of the financial, organizational, andmarketing challenges one may encounter. This book provides practical guidelinesthat, if followed, may increase the likelihood of you establishing a successfulsmall business. After each main section is a checklist of tasks toaccomplish that may help you attain your goals. If you are new to selling yourartwork, it will be beneficial to read the book in its entirety. If you havebeen selling for some time, it is OK to skip to the area where you want furtherclarification. Find a notebook and pen and get ready to work.

Theway to get started is to quit talking and begin doing.
Walt Disney


Legal Notice and Disclaimer

This book isintended for informational use only. It is not meant for legal oraccounting advice. Although there are guest writers from the accounting field,the information presented are basic guidelines. One must contact anaccounting/tax professional from ones state for the most accurate information.Also the author as well as guest writers present information from theirpersonal experiences at the time this eBook was published. Since we livein a rapidly changing time what is presented today might not be accurate tomorrow.Website addresses or links may have changed. The author has made every attemptto verify the content and is not to be held liable if there is anymisinformation, or omission of information. All products, businesses andmarketing avenues mentioned are for informational purposes only. The authordoes not necessarily recommend any such business, product or marketing avenue.One must determine what information would best apply to his or her business.There are no guarantees of the readers results. Many variables such asquality of product, time spent organizing and marketing the business, thedemand for product, competition and the economy can affect the sales.

That said: Iwish you the best in your endeavors towards creating a profitable craftbusiness.

My Story

For fifteenyears I had been in the mental health field, thirteen years as a limitedlicensed psychologist at a notfor-profit social service agency. I amthankful I had the opportunity to work with wonderful clients of all ages witha variety of concerns. One day while driving home from work I was in acar accident. A runaway trailer landed on top of my Taurus piercing thehood and landed only inches from the windshield. I thank the Lord I onlyhad minor injuries; however, I developed chronic pain (myofascial painsyndrome) and lingering fatigue. I knew I would have to eventually discontinuemy hour and a half round trip commute and quit my job. While recoveringfrom the accident, I discovered my new passion. The first journey to a beadstore was by accident, or should I say a Godly providence. The gift storeI traveled to had just gone out of business. For the first time I noticeda tiny bead shop across the street. I was mesmerized by the beautifulbeads in dazzling colors, cuts and sizes. Right at the counter I designedmy first bracelet with purple, yellow, green, and copper colored beads. That was my introduction to the wonderful world of beading.

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