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Developing business ideas based on your hobbies, talents and skills

Developing business ideas based on your hobbies, talents and skills

By Ele1 in 18 Apr 2017 | 06:00
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1. Reading

One of my hobbies is reading and this hobby is the reason why I am never idle. I wasn’t born a reader; my parents instilled the habit of reading in me. But aside novels and other genre of books, I am more interested in books that challenge my perception. I am inclined towards books that motivate, inspire or force me to think for myself. Can I start a business around my love for reading? My answer is YES

4 Business ideas I got from my hobby for reading

I could start a Niche Bookshop business (a bookshop dealing on a specific genre of books e.g. business books )

I could start a reading club for kids or teens and charge for membership

I could start a private library and charge for access

I could start an online review website for books (where I will read, rate, summarize and recommend books while encouraging people to air their opinions ).

Will I pursue any of the ideas listed above ? I really don’t know but I doubt if building a business around my reading habit is something I am passionate about. The reason I say this is because being passionate about reading is quite different from building a business around reading; different skills are required.

2. Writing

Writing is something I am good at but the problem is that I can’t write for others as a profession. I am just lazy to do that and that makes me unemployable as a writer. But when it comes to writing down my ideas or things that interest me, I never get tired of it. Can I start a business around my love for writing? My answer is yes but I am sincerely not interested in this field so I am passing it by.

3. Teaching

I love teaching and I am really surprised about this new found love because I naturally despise the traditional mode of teaching or learning. Sitting for hours, listening to my boring teachers and lecturers usually piss me off. Why? The reason is because I hate boring structured teachings.
But when it comes to teaching or discussing subjects I am passionate about, I never get tired. I am talking about subjects such entrepreneurship, business issues, investing, religion or any subject that’s requires creativity and is not rigid.

I love teaching and learning about real-life issues that requires critical thinking;

I love the active interaction type of teaching, where I talk and also hear my listener’s point of view. My love for teaching is the reason why I started MyTopBuinessidea so I can teach and share my entrepreneurial experience with you.

Now can I start a business around my love for teaching ? My answer is a resounding yes.

5 Business ideas I got from my hobby for teaching

I could start a seminar company with the aim of organizing events, expos and seminars around subjects I am interested in.

I could position myself as a public speaker or resource person; with a focus on subjects I am well grounded in.

I could start a publishing company , with the aim of producing information products in different formats such as ebooks, books, magazines, audios and videos.

I could start a blog on subjects I am passionate about . In fact, I already have this on my drawing board.

I could start a T.V show production company , organizing weekly segments to teach or discuss subjects I am passionate about.

Will I pursue any of the ideas revolving around my love for teaching ? My answer is a resounding yes, only if it proves feasible.

4. Martial Arts

I am a martial artist, i practice Taekwondo to be precise and I love the game. I am so passionate about it that I don’t bother about the toughness of the training. Can I start a business around my martial art skills? My answer is yes and it is something I would really love to do.

5 Business ideas I got from my martial art skills

I could start a membership club for martial arts (Taekwondo) enthusiasts. However, i would need to attain a black belt in martial, pass through some tests and obtain the required license before i can operate a martial arts club.

I could start a self defense training school for women, men and kids.

I could start a company dedicated to teaching kids martial arts in their various high schools and tertiary institutions.

I could start a company dedicated to helping people learning self defense at home.

I could start a retail company to strictly sell martial arts toolkit, gears, wears, etc.

5. Investing

Investing is a game I am passionate about and i think I will be starting a business around this passion. Investing is a game that requires continuous learning; every investment you undertake will always turn out to be a learning adventure. As an active stock, startup and real estate investor, I believe I still have a lot to learn when it comes to the subject of investing.

I could start an investment membership club

I can start a blog discussing investing trends, tips and issues

I can create video tutorials on investing and investments

I could start a small scale private fund management company

6. Entrepreneurship

Entrepreneurship is a subject I am so passionate about; not theoretically but practical. I love building businesses and I love solving business problems. One major reason I love business is because of the challenges involved; you can never know what is ahead of you. You just have to deal with problems as they come; as well as take advantages of opportunities as they come.
18 Apr 2017 | 06:00
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