Running a Side Business: How to Create a Second Income Review

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(More customer reviews)This book provides a broad overview of things to consider when starting your own business. The title refers to beginning a "side" business, presuming that you still have another primary source of income which is perhaps why it does not seem very detailed. Since I have a business background, much of this book seemed very simplistic to me, but for the person lacking a business background who wants to start his or her own business, it does provide a good set of things that a person would need to know before getting started.
That said, if you are really serious then you will need more than this book. You may need to consult professionals in the financial or legal realm, and also do more research because what you find in this book is pretty much just the basic groundwork stuff without a whole lot of details. For example, in the section on accounting, there is a very brief explanation of a balance sheet and income statement, not enough to really provide enough information to a person who is not familiar with these concepts. If you are talking about doing a side business that remains pretty small then maybe that is okay but if you are planning on starting something that may eventually become your primary source of income, then you are going to have to get more in-depth information in pretty much all of the areas covered by this book.
For someone thinking about starting that side business, this book would be helpful. I have read other Nolo publications and in my opinion this seems to be one of the weaker ones. Most of the others have been excellent and I can't say that about this book. It's good, but like I said, very basic.

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Turn your hobby into a profitable business and enjoy a second income.In a troubled economy, you've discovered that a single source of income just isn't enough. But how do you start and manage your new venture -- and make a profit to boot?From crafting to home repair to website design and more, if you've ever wanted to turn your hobby into a business and watch your passion generate cash, Running a Side Business is the book for you. Packed with tips, legal resources, start-up success stories and USA TODAY snapshots and infographics, you'll learn the life cycle of a business and get answers to important questions along the way. Find out how to:
choose a side business that will succeed
manage a full-time job while running your side business
protect your personal assets
keep it legal: how and where to obtain and file permits, licenses, contracts, and trademarks
manage your home-based business
market your new business
file taxes and take deductionsPlus, Running a Side Business offers guidance on selecting the right side business for you, with information about some of the most popular side businesses that have gained popularity in the last decade, including sales through eBay and Amazon, web design, blogging, Google AdSense business models, and podcasting models.

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