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Do You Have a Hobby or a Business?

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If you like just having a side hustle that makes a bit of money on the side that’s perfectly fine, you don’t need to create a full business. But if you do find yourself spending more and more time on that money-making hobby, here’s how to convert it into a small business. Create a Lean Business Plan.

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Address These 3 Critical Risks Before You Start an Assisted Living Home

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In fact, as these companies form, merge, or sell, the first action is usually to separate or spin off the service aspect of the business (caretaking, meals, and so on) from the underlying real estate. Looking at the financials for this type of juggernaut is a complicated matrix that only a CPA could understand! Create a business plan.