Starting a business is fun and exciting, but it’s also scary and a lot of work. I am learning so much and I am enjoying every second of it. I would have never thought I would be doing any of the things that I am doing now. I don’t regret any of the decisions that I have made thus far because It has either taught me something about myself or made me happy in some sort of way.
No one tells people that hard parts of starting a business. Everyday I am doing research about something new because of new problems or questions that I come across. Recently, I was debating with myself if I should open a business account or wait until business starts to pick up or if I even get enough business to begin with. I have been having that ongoing battle with myself. So, I started doing some research on when I should open one. The first resource I always go to is the U.S. Small Business Administration website because it gives you a lot of information about building your own empire and how to acquire a lot of the things that you will need. According to them, the right time to open a business account is “when you’re ready to start accepting or spending money as your business.” The benefits of a business account provide protection, professionalism, preparedness, and purchasing power.
In conclusion to this, I am still undecided as to when it will the appropriate time for me to open a business account. I want to make sure I am doing everything right and don’t want to make any financial mistakes. I don’t want to mess with the tax man or the IRS for that matter. It’s a stressful thing to think about, but I know in the end I will make the best decision for myself. Starting a business is scary and all I think about is am I going to fail, but I won’t know unless I try. I love what I am doing and I love what I’m learning, but it can be stressful.