Don’t Let the IRS Reclassify Your Business as a Hobby @ Entrepreneur: As a follow-up to my reader Q&A last week regarding the difference between a business and a hobby, here are some tips for keeping your business legit.
How to Turn Your Hobby Into a Business @ Bplans: More on this week’s theme: did you see this great resource from Bplans on turning your passion into business.
10 Mistakes That Start-Up Entrepreneurs Make @ Wall Street Journal: Launching a start-up can be tough, but if you learn to avoid beginner mistakes, you’re already on your way. “Make sure there’s enough margin in your pricing to enable you to bring in other people. Clients generally don’t mind outsourcing as long as they can still get face time with you, the skilled professional who’s managing the project.”
Five Technologies That Will Increase Your Cash Flow This Year @ Forbes: Cash is king. Keep it that way by using the latest tools and tech.
5 Year-End Tax Savers for Businesses @ Cisco & Co: As we’re coming up on the end of the year, consider how your invoicing and expenses could benefit (or hurt) your tax bill.