Is it a Hobby or Business? There is a difference says Jason Khalipa.

In the EntreLeadership Podcast, host Alex Judd interviewed Jason Khalipa. The champion of the 2008 CrossFit Games, Jason, started NCFIT, which is a brand of gyms that is growing around the world. When Jason was still a beginner at starting his business, he realized that he had to consider – hobby or business. In this podcast, Jason Khalipa talks with Alex on the important lessons he learned as he grew his NCFIT business from one gym to multiple gyms. 

When Jason first started working in a gym, he saw a lot of different cultures. He learned how to adapt and listen to what each person was looking for in a gym. His end goal was “how can I get them to sign up?”

What are the things that people need to have in order to start a business and decide “hobby or business”

Passion 

You have to have a dream or a goal if you want to go somewhere. You have to be passionate about that. When people ask what inspired you to start a business, You should be prepared to tell them your story of how you got to be where you are today. 

Confidence

Once you sign the lease, do you have the guts to keep pressing on even when everything crumbles around you? Do you have the confidence to know that no matter what happens you’ll succeed? When people get nervous and unsettled, it’s very common for them to start thinking irrationally. Don’t be an irrational thinker.

Be Serious 

Jason Khalipa said, “Anyone who wants to start a business, go to school for as long as you can…” When you start a business, you can’t just start based on a tiny bit of information. Flood your mind with information related to what you need. Check who your competitors are! You need to be well informed of who you’re up against.

Quick Fact: A lot of the millennials love the idea of a business but they’re terrified of actually having to do it.

Many people listen to advice from professionals and nod their heads in agreement….how many are actually going back and doing the work that needs to be done. “Words mean nothing unless you put action behind it.”

When starting a business, ask yourself:

• What am I good at? 

• What am I adding to the business?

For more information concerning businesses, check out EntreLeadership, Smart Hustle, and Jason Khalipa’s book – As Many Reps As Possible.