Perhaps your online business is only paying you $1 an hour – even worse than your previous job. Or you’re maybe you’re tired of all the stress that comes from selling online courses and products. Maybe you’ve reached your peak, you’re not sure if people are going to buy from you again, or maybe you’ve run out of ideas for what to sell.
Small business owners work so hard to build a company. Being virtual doesn’t exempt you from exposure to things that could get you in trouble simply because you don’t know to look for them.
The amount of tax savings you can have by being an S-Corp can be very substantial. Even if you’re not really ready for one now, you want to make sure that you understand it so you can pull the trigger at any point you’re ready.
There’s conflict between different personality types and characteristics. Now, as an owner, if you can put yourself in a role where you’re not always butting heads with other people in the team, but you’re in alignment and you’re actually doing what you’re supposed to do, you can make some serious momentum and power in the business.