Turning Your Hobby into a Business

From Investment Banker to Baker


The idea of turning your hobby into a business has been coming up more frequently lately, and the larger concept of making a career change has been on the rise. One study revealed that 40 percent of all job seekers in 2007 were also hoping to completely switch industries. Moving from a structured job to starting a business that relies on the success of your hobby is an overwhelming thought, but taking the measured risk can be worth it to pursue something that inspires you.

The Wall Street Journal ran a piece called "Tap Existing Skills, Old Ties When Changing Your Career" that profiled a few women who've been successful in turning their hobbies into businesses. It focused in particular on Rachel Thebault, an investment banker and mom who turned her focus from banking to baking. See a video of her tips for making a big switch and the challenges and perks involved when you read more.

The article also gives a solid piece of advice from a career coach: Stay in your current careers, and continue to draw a salary, for as long as possible while you develop a clear plan for your next profession.

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