There are as many career possibilities as there are hobbies and creative individuals out there! Music, carpentry, and writing are just a few more skills that could get you smiling while paying the bills too. The trick is to tailor your hobby or talent to the needs of people who are willing to pay for it. Letâ€™s look at three hobbies with money-spinning potential.
If you are thinking of starting your own business, there are some factors you should consider before you begin. Becoming an entrepreneur is not always easy but if you have the desire and the know-how, you stand a better chance of success. While some businesses may have been widely successful, there are others that didnâ€™t make it off the ground.
In his book, The Personal MBA, and on his blog of the same name, Josh Kaufman took on the rather daunting task of trying to condense an entire MBA into a single volume. The Personal MBA is a good read and if Josh could condense an entire degree into a single book, then surely it’s possible to condense that single book into one article… so, without further ado, I present to you: The Personal MBA – Article Edition.
If you’re setting up a new business, you need to determine whether or not you want to treat your new hires as employees or as contractors when it comes to taxes. You’ll often hear the advice that paying taxes on employees is overwhelming and that contract work will save you on tax, but there are reasons that you may want to consider both sides before making the final decision.
Self-employment can seem like a really tall order, but there’s a reason it works for over 40 million Americans. There is an enormous amount of self-discipline involved in working your own schedule, but it’s a great motivator in itself. Nothing can beat the feeling of knowing you never have to be an employee again.
There are many reasons why people go into business for themselves. Some like the idea of escaping the desk job, some just don’t want to be answerable to someone else, and for others it might be their only option after a spell of unemployment in a struggling job market. Whatever your reasons, one of the first things you’ll need to think about is preparing your workspace.