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Five Signs Your Startup May Be a Hobby

skmurphy.com

4 points by skmurphy · 1 comment

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skmurphyOP

tldr; Here are five signs your startup may still be a hobby:

1. You are not making real offers that include a price, delivery date, and a promised result.

2. You rely on a spouse, significant other, inheritance, savings, or a tolerable day job for support, but you have not shared a credible plan for reaching break-even and then profitability.

3. You have not defined working hours, milestones, and what you expect to accomplish in a specific timeframe.

4. You are only getting feedback from people you already know.

5. You have not set up a separate bank account, business structure, and expense log.

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