So my husband has started a business, Outdoor Adventures Colorado LLC. We love hiking, so he has decided to turn it into a business: guided hikes.
Friendly piece of advice #1:
When starting a business, you might want to actually know what the heck you are doing.
While this may seem like common sense to some, it is not to all. There is a lot that goes into a business besides “hey, I can make/sell/do this, so I’m going to open up a place so I can make money doing it”.
Doing what I do, I see mainly the tax side of it. However, when your business isn’t making any money, you may want to rethink keeping the business open. This is so hard for most people to hear, but if you aren’t making money, or even worse, if you are losing money, it’s really not worth it anymore.
Another friendly piece of advice: Continue reading