Posts Tagged ‘Hobbies’
7 Hobbies You Can Start at Home
Everyone wants to spend some time alone every once in a while, but that doesn’t always mean they want to sit there doing nothing. They’ll want to spend some alone time doing something they enjoy, which is usually where a hobby comes in. Further, with hobbies you can start at home, you might be able…
Read MoreBusiness or Hobby, What is the Difference?
Maybe you cater for your friends, maybe you make jewelry, maybe you sell your artwork, maybe you have a lemonade stand—regardless of what you do, do you know how the IRS views this? Here are some tips on how to tell if your activity is a business or a hobby and the tax implications of…
Read More7 Plan Elements That Separate Businesses from Hobbies
Unless you are a serial entrepreneur with a string of successes behind you, you need a business plan to convince investors that you can build a business out of the dream that has been driving your passion to change the world. Don’t believe that Silicon Valley myth that all you have to do is sketch…
Read MoreHow to Turn Your Hobby into a Viable Business
We all have hobbies, but few of us are lucky enough to be able to earn a living doing the thing that we love. Nonetheless, it is more than possible to turn your hobby into a viable business. Doing this is a great idea, for a number of reasons. You are likely already spending significant…
Read MoreTranslating Your Hobby into a Business Breakthrough
To my surprise and delight, I recently found motivation in unexpected ways. I’m someone who has always really enjoyed looking at other people’s gardens. I literally stop to smell the roses, lilacs, peonies and any other blooming vegetation—but I’ve always told myself that gardening was not for me. The idea of digging around in the dirt…
Read MoreHow to Take Your Idea from a Hobby to a Business
As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I recognize that entrepreneurs tend to substitute vision and passion for formal processes, but no discipline or process in building something new is a sure way to spend money, rather than see any return…
Read MoreIs Your “Business” Actually a Hobby?
You may have started a home-based business and now it is tax time and you don’t know what to do. You’re operating a business, so your expenses are deductible, right? Not. So. Fast. If you’re not making a profit, the IRS may regard your business as a hobby. If this happens, you may not be…
Read MoreYour Hobbies and Interests Are More Important Than You Think
For many small business owners in the startup stages of success, having a hobby is something they can only dream of fitting into their busy schedules. On another hand, there are countless aspiring entrepreneurs who have made psyching themselves up for entrepreneurship their hobby by keeping up-to-date with positive thinking affirmations, TED talks, and the…
Read MoreHow to Help Your Small Business Survive a Tax Audit
How to Start a Photography Business
