Pick a business structure: Legitimize paid hobbies your business and protect your personal assets.
Research licenses and telegram database regulations: Ensure you’re conducting business lawfully.
Select your software systems: Build your website, set up accounting software, and get the rest of your tech stack up and running.
Find a business location: Determine where you can operate your business, whether it be from home or somewhere else.
Plan workload and team size: Bootstrap or hire help, depending on your plans.
Launch your paid hobbies business: Let the world know!
When you make money from a hobby
When you start making sales, you’ll need to keep track of the cash coming in and the money going out. This makes tax time easier, simplifies the process in case of an audit, and protects your personal assets. Additionally, it helps you ensure your business stays profitable. It’s a good idea to get set up with an accounting software to manage your books.
I enjoy writing, so I started a side hustle
as a freelance writer to earn extra cash in school. I also like to dabble in dance, so I started a Shopify store dropshipping LED shoes for dancers.
In many cases, when it comes they have an emotional connection to to our side hustles, it’s the things we tend to do for free and for fun that hint at the kinds of businesses we can pursue using our own passion and interest as fuel.
So if you have the urge to start be numbers something but don’t know where to start, ask yourself what you’re good at or already know about.
What do you already do in your spare time that could turn into something more?