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	Comments on: 7 most common business mistakes new entrepreneurs make	</title>
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		<title>
		By: LLC Or Sole Proprietorship? Financial Pros And Cons For Small Business Owners &#8211; Making Money Online		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1785338</link>

		<dc:creator><![CDATA[LLC Or Sole Proprietorship? Financial Pros And Cons For Small Business Owners &#8211; Making Money Online]]></dc:creator>
		<pubDate>Thu, 23 Nov 2023 14:15:38 +0000</pubDate>
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					<description><![CDATA[[&#8230;] company’s debts or liabilities. This protection can be invaluable, especially in industries where small business owners face higher risks of lawsuits or [&#8230;]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] company’s debts or liabilities. This protection can be invaluable, especially in industries where small business owners face higher risks of lawsuits or [&#8230;]</p>
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		<title>
		By: Jasmine Birtles		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753731</link>

		<dc:creator><![CDATA[Jasmine Birtles]]></dc:creator>
		<pubDate>Wed, 16 Aug 2017 16:33:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymagpie.com/?p=85005#comment-1753731</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753730&quot;&gt;jordan&lt;/a&gt;.

Good idea If you use a site like Weebly or Wix it&#039;s easy to create your own site. Take a look at those. keep going!]]></description>
			<content:encoded><![CDATA[<p>In reply to jordan.</p>
<p>Good idea If you use a site like Weebly or Wix it&#8217;s easy to create your own site. Take a look at those. keep going!</p>
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		<title>
		By: jordan		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753730</link>

		<dc:creator><![CDATA[jordan]]></dc:creator>
		<pubDate>Wed, 16 Aug 2017 02:51:51 +0000</pubDate>
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					<description><![CDATA[Great advices and encouragement. I read them all. I want to start my own business here in the Philippines but competition is tough. And I want to have my own website but don&#039;t have the knowledge to create one. Please help. More power to the MoneyMagpie staff! Thanks!]]></description>
			<content:encoded><![CDATA[<p>Great advices and encouragement. I read them all. I want to start my own business here in the Philippines but competition is tough. And I want to have my own website but don&#8217;t have the knowledge to create one. Please help. More power to the MoneyMagpie staff! Thanks!</p>
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		<title>
		By: Razwana Wahid		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753007</link>

		<dc:creator><![CDATA[Razwana Wahid]]></dc:creator>
		<pubDate>Wed, 01 Mar 2017 17:51:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymagpie.com/?p=85005#comment-1753007</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753004&quot;&gt;Vicki Thomas&lt;/a&gt;.

Excellent advice here from Jasmine, as always. Looks like the legal side is covered!

Since you&#039;re starting local, I advise you to not invest your time in Facebook or other social media just yet. Ensure you have a market of hungry customers first (sell at local markets, sell to stores that will sell the cones with other things they already sell) and build from there.

Once you have a basic monthly income from it, you can then move some of the marketing onto social media. 

This does two things:

1. Validates that there&#039;s a market for what you&#039;re selling
2. Allows you to get to know your audience first so you can target your social media campaigns accordingly.

Good luck and let us know if you have more questions.]]></description>
			<content:encoded><![CDATA[<p>In reply to Vicki Thomas.</p>
<p>Excellent advice here from Jasmine, as always. Looks like the legal side is covered!</p>
<p>Since you&#8217;re starting local, I advise you to not invest your time in Facebook or other social media just yet. Ensure you have a market of hungry customers first (sell at local markets, sell to stores that will sell the cones with other things they already sell) and build from there.</p>
<p>Once you have a basic monthly income from it, you can then move some of the marketing onto social media. </p>
<p>This does two things:</p>
<p>1. Validates that there&#8217;s a market for what you&#8217;re selling<br />
2. Allows you to get to know your audience first so you can target your social media campaigns accordingly.</p>
<p>Good luck and let us know if you have more questions.</p>
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		<title>
		By: Jasmine Birtles		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753006</link>

		<dc:creator><![CDATA[Jasmine Birtles]]></dc:creator>
		<pubDate>Wed, 01 Mar 2017 15:43:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymagpie.com/?p=85005#comment-1753006</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753004&quot;&gt;Vicki Thomas&lt;/a&gt;.

That sounds like a really good idea Vicki.

If you are making the sweets yourself then there is a certificate you need to get. Take a look at our article here https://www.moneymagpie.com/make-money/make-money-selling-cakes which has a lot of info on that.

If you are having lots of people coming and going, maybe setting up extra ovens or similar in your home then yes, you should let your landlord know. If it&#039;s just something you are running from home in terms of doing the admin, phoning etc then it&#039;s probably not necessary. 

You will need to contact HMRC when you start, or within three months of starting, to let them know that you are now freelance - or running a freelance business on the side - so that they can give you the right tax code.

Do make sure you keep receipts for all your expenses, including travel to and from going to see potential clients, looking at market stalls or anything else you need to do while setting up your business. All these expenses can be put against your income for tax purposes later on.

I&#039;m sure Razwana will have some useful tis to add to this as well!]]></description>
			<content:encoded><![CDATA[<p>In reply to Vicki Thomas.</p>
<p>That sounds like a really good idea Vicki.</p>
<p>If you are making the sweets yourself then there is a certificate you need to get. Take a look at our article here https://www.moneymagpie.com/make-money/make-money-selling-cakes which has a lot of info on that.</p>
<p>If you are having lots of people coming and going, maybe setting up extra ovens or similar in your home then yes, you should let your landlord know. If it&#8217;s just something you are running from home in terms of doing the admin, phoning etc then it&#8217;s probably not necessary. </p>
<p>You will need to contact HMRC when you start, or within three months of starting, to let them know that you are now freelance &#8211; or running a freelance business on the side &#8211; so that they can give you the right tax code.</p>
<p>Do make sure you keep receipts for all your expenses, including travel to and from going to see potential clients, looking at market stalls or anything else you need to do while setting up your business. All these expenses can be put against your income for tax purposes later on.</p>
<p>I&#8217;m sure Razwana will have some useful tis to add to this as well!</p>
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		<title>
		By: Razwana Wahid		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753005</link>

		<dc:creator><![CDATA[Razwana Wahid]]></dc:creator>
		<pubDate>Wed, 01 Mar 2017 08:55:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymagpie.com/?p=85005#comment-1753005</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1105679&quot;&gt;Abdul Shaikh&lt;/a&gt;.

Hi Abdul. Often when the idea already exists, it means there&#039;s a market for it and you&#039;re on the right track!

When you come across this, ask yourself: what can I create that buyers of this product will also want? Think about when you buy shoes and you&#039;re offered accessories like brushes and creams to keep the shoes in good condition - these are supportive products that the market is interested in.]]></description>
			<content:encoded><![CDATA[<p>In reply to Abdul Shaikh.</p>
<p>Hi Abdul. Often when the idea already exists, it means there&#8217;s a market for it and you&#8217;re on the right track!</p>
<p>When you come across this, ask yourself: what can I create that buyers of this product will also want? Think about when you buy shoes and you&#8217;re offered accessories like brushes and creams to keep the shoes in good condition &#8211; these are supportive products that the market is interested in.</p>
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		<title>
		By: Vicki Thomas		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1753004</link>

		<dc:creator><![CDATA[Vicki Thomas]]></dc:creator>
		<pubDate>Tue, 28 Feb 2017 15:09:09 +0000</pubDate>
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					<description><![CDATA[I&#039;m thinking of starting a small business selling unique sweet cones for both adults and children. I plan to start small in my local area (maybe start a Facebook page) and then build up. I just wondered what legal obligations there are? Also would I need to inform my landlord and declare this to the tax office? 

Some tips of how to get started would also be appreciated.

Many thanks]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m thinking of starting a small business selling unique sweet cones for both adults and children. I plan to start small in my local area (maybe start a Facebook page) and then build up. I just wondered what legal obligations there are? Also would I need to inform my landlord and declare this to the tax office? </p>
<p>Some tips of how to get started would also be appreciated.</p>
<p>Many thanks</p>
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		<title>
		By: Razwana		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1105686</link>

		<dc:creator><![CDATA[Razwana]]></dc:creator>
		<pubDate>Thu, 06 Nov 2014 07:04:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.moneymagpie.com/?p=85005#comment-1105686</guid>

					<description><![CDATA[Hi Abdul - there&#039;s a positive in your experience with seeing someone doing the same thing as your idea, or your invention. It means a market already exists - which means there&#039;s room for more than 1 player.


There are so many marketing agencies, or copywriters in the world. I&#039;m one of them, and the pool is big enough for all the fish!


In terms of money and family support - everything won&#039;t be in place to start your business the right way, or at the right time. The secret is simply to start. Start small and build from there.]]></description>
			<content:encoded><![CDATA[<p>Hi Abdul &#8211; there&#8217;s a positive in your experience with seeing someone doing the same thing as your idea, or your invention. It means a market already exists &#8211; which means there&#8217;s room for more than 1 player.</p>
<p>There are so many marketing agencies, or copywriters in the world. I&#8217;m one of them, and the pool is big enough for all the fish!</p>
<p>In terms of money and family support &#8211; everything won&#8217;t be in place to start your business the right way, or at the right time. The secret is simply to start. Start small and build from there.</p>
]]></content:encoded>
		
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		<title>
		By: Abdul Shaikh		</title>
		<link>https://www.moneymagpie.com/make-money/the-honest-truth-about-why-you-havent-started-a-business-yet-that-nobody-will-tell-you/comment-page-1#comment-1105679</link>

		<dc:creator><![CDATA[Abdul Shaikh]]></dc:creator>
		<pubDate>Wed, 05 Nov 2014 09:42:00 +0000</pubDate>
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					<description><![CDATA[I have had many ideas but as soon as i research more on the internet I find someone somewhere is doing exactly the same. Or that the great invention idea already exists. Another thing that knocks me down is the fact I haven&#039;t got money to start with or people to support me in starting.]]></description>
			<content:encoded><![CDATA[<p>I have had many ideas but as soon as i research more on the internet I find someone somewhere is doing exactly the same. Or that the great invention idea already exists. Another thing that knocks me down is the fact I haven&#8217;t got money to start with or people to support me in starting.</p>
]]></content:encoded>
		
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