Adjusting Your Attitude
You Can’t Ignore the “Nitty-Gritty Legal Stuff”
Creative people rarely want to hear this, but a certain amount of “nitty-gritty legal stuff” goes hand in hand with even the smallest homebased business. There’s no sense in starting a business if you’re not going to pay attention to all the rules and regulations that apply to even the smallest business at home.
“But I just want to make a little extra money,” you might say. “I don’t want to mess with all this legal stuff.” If that’s how you feel, you might as well go back to your knitting, or whatever it is that you love to do and were hoping to make money from.
Even if your financial goals are small, it’s important to develop a professional attitude right from the start because your attitude will have everything to do with the amount of money you’ll make. If you just want to make “extra money,” that’s all you’ll ever make. But if you need to contribute to the family income, you will change your attitude accordingly and get more serious about what you’re doing. At that point, your chances for making a real profit will increase dramatically. In your business journal in your planning area, make a firm statement about your attitude about money and what you’d like to do with your craft earnings.
Don’t be scared by the idea of “business.” It’s easy to hide behind the excuse of just wanting to make extra money, but many crafters do this because they are simply afraid of the unknown. While it’s natural to be fearful of what you don’t know, the good news is that craft business basics are very easy to learn.
For detailed information about the tax, legal, financial, insurance, and government regulations applicable to an art or craft-related business in the U.S., see The Crafts Business Answer Book.
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