Unfortunately I don't see my idea turning into anything more than just a passion project/hobby. I love hand lettering in my free time and making them as gifts for my friends and family. I have other career aspirations I would like to accomplish first rather than trying to make my little hand lettering business idea grow. However, I fully intend on continuing my hobby and have it ready as a side hustle if I ever want to make a few extra bucks a month when needed!
I've selected this as an exit strategy for the simple reason of wanting to keep my hobby, a hobby. I'm also afraid that the more I do my hobby/am forced to do it, the less I am going to love it and I don't want that to happen.
My exit strategy has definitely influenced what I want to do ultimately in the future. I would still like to incorporate my hobby of hand lettering in a future creative career but not have it be the whole thing. I'll stick to my aspirations of wanting to work in the advertising field.
Hey Erica, I agree with you when you stated that doing your hobby as more than a hobby might became less enjoyable and make you not want to do it anymore. I like how you project yourself doing something else but still having a plan b to fall back on or for extra money. I think it is a good way to start and get experience doing something you like and then focusing on the bigger picture and what you actually see yourself doing for many years to come. Here is the link to my blog post, feel free to check it out
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Hi Erica! I think the idea of keeping your company a hobby is awesome. It would also be awesome if you could incorporate your hobby into your future career as well. I think sometimes people over work themselves and fall out of love with certain activities. Just like listening to a song over and over again. If you want to check out my post, here is the link:
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Erica,
ReplyDeleteI enjoyed reading this post because I think you were very realistic in you're approach to this assignment and made a decent analysis of how you could fit this venture into your life. I think this does seem like more of a hobby type of business as it would be hard to generate large amounts of revenue in this type of industry. Nonetheless, I think you did a great job on this assignment. You can check out my blog post here on my exit strategy: http://apentrepreneur.blogspot.com/2016/04/my-exit-strategy.html
Alex