Have you ever registered a business? Is that the first thing you do when you come up with a side hustle idea? Or do you motor along until it’s worthwhile?
Over the years I have started many side projects without even considering registering as a business. I have also done the complete opposite. In one of the projects I was involved in, it was the first thing we did to “try” and look professional from the outset.
At the moment as I’m still early on in the journey with a few projects, registering a business is something that I have put off until “the right time”. Over the last month or so, registering an official business is something that I have been considering.
In this episode, I talk about the pros and cons of both registering a business, or waiting until you have enough income coming in to cover any expenses that a side project may have.
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