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The accidental small business owner: “Hobbypreneur”

A carpenter by profession, William Ackerman, was also a pretty good guitarist.  So much so, that he was in demand by his friends to bring his guitar and entertain at to their gatherings, which he did.  Soon, Will’s music, including his original songs, was in so much demand that he had to start recording his compositions on a cassette (yes, this was in the 1970s) and send them to his friends to play when he couldn’t be there in person.

As his guitar/songwriting hobby started to get out of hand, it occurred to him that this demand could justify more of his attention, and thus, Wyndham Hill publishing was founded from Will Ackerman’s hobby, to produce and sell Will’s music as well as other artists, most notably, George Winston. At one point, Wyndham Hill was the only record label that customers bought because of the quality and genre of the product, regardless of the artist.

Will Ackerman’s story is just one of a legion of other accidental small business owners that have recently become known as “hobbypreneurs.” Steve King, a partner at Emergent Research, joined me recently on my radio program, The Small Business Advocate Show, to talk about what he learned about hobbypreneurs when he conducted Intuit’s New Future of Small Business Report: Like Will Ackerman, many small businesses are started by people who turned their hobby, often accidentally, into a going business concern.

Take a few minutes to listen to what Steve and I talk about and leave your own experiences as a hobbypreneur. Listen Live! Download, Too!

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