Wed, 27 May 2020
Many small business owners are closing their doors for good. What can the survivors do to stay afloat if we have a second or third Covid outbreak?
I always tell people, if you want to become a small business owner, you need to make 130% more than what you are making now. Self-employment tax, lack of 401k match and health insurance costs add up for the self-employed. Small business owners that get paid in cash, and didn’t report all of their cash income, ended up with fewer benefits under the CAREs act. Being self-employed is great... if you have a plan and know what you need to make to break even Other topics:
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