—Guest: Erica McMannes
Learn about Ellie’s first business as a child and the advantages of working for herself as an employer as she grew up. They also discuss some of the pitfalls for home-based businesses that you should avoid, the risk factors to keep in mind, and crunching the numbers when it comes to choosing a home-based business. Erica McMannes joins the conversation about her passion to create remote jobs for military spouses. We talk about the need for spouses to have dual income, the difficulties to bootstrap a business, what bootstrapping means, and what opportunities there are for remote work. Later in the show, Ellie and Bethany talk about the difference between independent contractors and a regular employee. They also talk about important tax information entrepreneurs need to keep in mind. They touch on the difference between a hobby and a business, as well as the benefits of each.