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Do I Really Need a "Business" if Clients Already Pay Me? - CLS009
Manage episode 122544760 series 78218
Today, Jacob asks if he really needs to create a full-on business. Seems folks are already paying him for technical services (that's great!), but he doesn't have a business entity yet.
Should he take all those steps to form a business, when everything is going so well? After all, clients are paying him without any formal business structure at all. Why change?
This is a great question in a couple different ways. And it dovetails nicely off last week's Q&A episode 007, where Tracy had the "prequel" question. Jacob, I have have some thoughts on this. In today's show you will learn:
1. The signs it's time to go pro.
2. The benefits of going pro.
3. When it's time, what are the next 3 steps? ((Business entity, bank account, insurance))
4. Other options to not starting a full business. (Freelance sites, "babysitter syndrome".)
Lots more on the audio show, so let's get it started!
94 episodes
Manage episode 122544760 series 78218
Today, Jacob asks if he really needs to create a full-on business. Seems folks are already paying him for technical services (that's great!), but he doesn't have a business entity yet.
Should he take all those steps to form a business, when everything is going so well? After all, clients are paying him without any formal business structure at all. Why change?
This is a great question in a couple different ways. And it dovetails nicely off last week's Q&A episode 007, where Tracy had the "prequel" question. Jacob, I have have some thoughts on this. In today's show you will learn:
1. The signs it's time to go pro.
2. The benefits of going pro.
3. When it's time, what are the next 3 steps? ((Business entity, bank account, insurance))
4. Other options to not starting a full business. (Freelance sites, "babysitter syndrome".)
Lots more on the audio show, so let's get it started!
94 episodes
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