"My husband has called what I do the most expensive hobby." That comment from a member of our recent live session, followed by a casual "LOL," broke my heart a little bit. Because behind that seemingly lighthearted laugh is something so many creative business owners are sitting with, the uncomfortable question about whether what they're building is actually viable. In this episode, I walk through the very specific difference between an expensive hobby and a viable business and share a straightforward method to help you move from one to the other.

Key Moments

• [00:00 ] Introduction: The uncomfortable truth about "expensive hobbies"
• [08:11 ] Defining the difference between a hobby and a business
• [11:23 ] The three-step framework for moving from hobby to viable business
• [17:18 ] Why charging properly is actually more generous
• [21:16 ] How to know if you're running a business or funding a hobby
• [26:09 ] The work required to shift from hobby to business

Quotes:

"If you're feeling guilty about charging, that guilt is actually keeping you from helping and providing to as many people as you can."

"When you build something that genuinely works for your life, instead of something your life works around."

Resources Mentioned:

• Read: This Week's Full Journal Post
• Listen Episode 107: "Why There's never been a better time to build a creative business"
• Link: The Base Notes Waitlist
• Subscribe to our Weekly newsletter
• Website: www.philippacraddock.com
• Email: news@philippacraddock.com 

Share Your Insights:

What stage is your creative business in right now? Are you struggling with seeing it as a viable business over an expensive hobby? Share your thoughts and experiences on Instagram  and let's continue the conversation...

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