Hi everyone! I’ve just filed my first LLC & am planning to open a vintage boutique in my city- I’m completely new to owning a legitimate business of my own. I thought this would be a great question to ask as I know I’ll be making many mistakes in my first year of business.
Please feel free to comment your favorite mistake!
Sometimes, you just gotta take a step back and ask: “What is the most simple and direct path to my goal”. We have a tendency to overcomplicate things and look for new shiny solutions. I have fallen into that traps so many times and it can become very costly.
That is great advice! Keep it simple.
Yep. If you can think of a shinier way, that’s great… write it down and come back to it in the next tax year. For now, go with simple and direct.