This is an important question to answer because most entrepreneurs I know are on the fence about it.
There’s no right or wrong answer to it. But I know a lot of people who say it’s one and do it like the other.
My friend Theo drives for UPS. He loves his job. It’s his meditation. He offers massage for free on the side as his gift to the community. It’s a hobby for him.
But I know a lot of people who are baffled by why their business isn’t growing and, when I look at it, it’s clear. They aren’t treating it like a business. They don’t invest in it. They don’t work on it as well as in it. They don’t make systems. They do everything on their own. They haven’t sorted out their niche. None of which would matter if it were a hobby.
If you treat it like a hobby, it will never grow like a business might (and, to be frank, even if you treat it like a business, there are no guarantees it will grow at all).