Skip to main content

Reply to "Starting a hobby shop business"

I agree with Rich. You have to have a passion for the business, whatever business it is that you own. I believe this is why Richard Kughn was so successful in breathing new life into Lionel 30+ years ago when he bought the company. Yes, he had money to buy the company, but his passion for the hobby was, in my opinion, the driving force.

If I were you, I'd also consider whether or not you really want to turn the hobby you love into a business that will demand your full attention, and then some, if it is to succeed. Many years ago, we had a boat dealer who was so miserable to be around that we stopped doing business with him. He loved boating when it was his hobby, but it didn't take long for his hobby-turned-into-a-business to become a millstone around his neck, and he stopped enjoying life, or so it appeared, by the way he treated his customers.

I love toy trains, but there is no way I would want to make it my vocation. Instead, I am a 30-year insurance agent who is passionate about the insurance biz, and trains are my escape.

Just my $.02.....



John

OGR Publishing, Inc., 1310 Eastside Centre Ct, Suite 6, Mountain Home, AR 72653
800-980-OGRR (6477)
www.ogaugerr.com

×
×
×
×
×