How to turn your side hustle into a business
Interactive Video
•
Life Skills, Business, Social Studies
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video tutorial provides guidance on transforming a side hustle into a full-time business. It emphasizes the importance of creating a detailed business plan, which includes potential expenses, income expectations, and market strategies. The tutorial also explores various funding options, such as SBA loans and crowdfunding, and highlights the need to legally and financially establish the business by registering it as a separate entity and obtaining a federal tax ID. The video concludes by acknowledging the hard work involved in running a small business but emphasizes the fulfillment of pursuing one's passion.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
How can the Small Business Administration assist you in starting your business?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the importance of separating personal finances from business finances?
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