FORWARD FEST: From Side Hustle to Small Business

Overview

Have you been thinking about turning your hobby into a business, but aren’t sure where to start?  Do you have a side hustle that’s grown and you want to explore next steps? Are you interested in learning more about how to explore a business idea you have?  This session will teach you how to use a visual business planning tool call the Business Model Canvas. This tool will help you understand how 9 functional areas of business work together to create a model of operation that can help you determine whether it is time to take the leap to full-time.  The class will also give you information about resources and next steps.

What you will learn:

Understand the Business Model Canvas: Participants will learn how to use the Business Model Canvas to visually map out and analyze the nine functional areas of a business, helping them to see how these areas interconnect and support the overall business model.

Evaluate Business Viability: Participants will gain the skills to assess whether their hobby or side hustle has the potential to become a full-time business by using the Business Model Canvas to identify strengths, weaknesses, and opportunities within their business idea.

Identify Next Steps and Resources: Participants will be equipped with information about the next steps they need to take to grow their business, including available resources and support systems that can help them transition from a side hustle to a full-time venture.

https://sbdc.wisc.edu/side-hustle-to-small-biz/