Hot Business Tips

Minute Man asked:


Me and my friend have thought of two ideas, and can’t fully decide between these two ideas for a small business. Either a car wash where we would find 10 to 15 cars a week to clean, set it up so we would just come clean each of them each week for $50 – $75 for a full inside and outside detail or have a lawn mowing business. Any other similar ideas? We just want something for and hour or two a day on regular days and up to 6 hours on saturday.
Not sure if I mentioned it very clearly, it won’t be a full time thing, just after work during the week and on saturdays.

rothchristian asked:


I am looking into setting up a home based Business as a part time thing. I have a day job and I would like to do this music endeavor on the side. I want this to be legitimate but I know I will be making very little money and writing off a lot in tax deductions. Does anyone have experience in with this type of scenario? Is there a reasonable expectation that IRS has around how much revenue needs to come in for how much you are writing off? I don’t want the Business to appear fraudulent although I have more to gain from a tax deduction basis.