What to Consider Before Starting an Online Craft Business

Turning A Hobby into A Business Are you ready to take your craft hobby to the next level? Wondering how to start an online craft business? Due to the increasing demand for handmade goods, you’re off to a good start. During the […]

Read More

What Should A Business Pitch Include for Craft Businesses?

At the time, I wasn’t aware that I was pitching a business opportunity. Long before the business reality show Shark Tank, my capstone course assignment in graduate school was to create a Mock business and present it to peers and a panel […]

Read More

Product Pricing From A Profitable Standpoint

Pricing products is the one area of business that many business owners struggle with the most. I can’t tell you how many times I’ve heard craft sellers say, “I don’t want to charge customers too much.” or “I keep prices low so […]

Read More

Bookkeeping and Accounting: What’s the Difference?

When it comes to business finances, bookkeeping and accounting are at the forefront. Depending upon business size, financial roles are either combined or separated. Bookkeeping is a small but crucial function of the accounting cycle. On the flip side, accounting involves analysis, […]

Read More

What Is Cost of Goods Sold & Why It’s Important

Cost of Goods Sold (COGS) is a business number that’s overlooked and underestimated most of the time. Knowing all your business numbers is a good thing, but COGS should be in the top 5. Closely watching this number says a lot about […]

Read More

Side Business Ideas for Elementary School Teachers

Make an extra $500 per month Side business ideas from the classroom Are you a teacher looking to earn supplemental income? It’s time to turn your classroom into a business. Think of your skills and talents as opportunities to start a side […]

Read More

Startup Capital: New Ways to Get Money for Your Business

Startup capital is important Going into business without startup capital is like a contractor building a house without a foundation. It’s a setup for failure. You can’t expect paying customers if you’re not willing to invest in your own endeavor. Starting a […]

Read More

Can a Craft Business Be Profitable?

If you treat a business as a hobby, you will make hobby income. If you treat a business as a business, you will position it to be profitable. What differentiates a hobby from a business is that a hobby has little to […]

Read More

Tax Reporting Requirements for Hobbyists and Craft Businesses

Other than tax and accounting professionals, nobody gets excited about taxes. If you do crafts as a hobby or run a small craft business, it’s not only important that you have a good understanding of tax reporting requirements

Read More