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I promise this video isnāt as mean as it sounds ā but it is a bit moreā¦directā¦ than some of my videos.
Thereās a pep talk at the end, though ā donāt worry :P
Read the blog version here.
Iām Starting a Business, and Itās Hard
Actually, I kind of already didā¦ on accident.
When I started YouTube, I knew that it would have a business component if things went well ā managing sponsors, paying editors, that kind of thing.
But as the channel has grown, and Iāve learned more, I realized that I had seriously underestimated what would be required to do this thing right.
So, last week I filed the papers to make everything official, and this week I own Gratitude Driven LLC.
Now I can open a business bank account. Which is important, because I also have new tax obligations. These tax obligations are confusing ā so I booked some time with an accountant. I will also need to learn about bookkeeping. Apparently I need a business license? And since I sell merch I need a sales licenseā¦Oh, and I should probably have insurance, so I needed to reach out to a broker about thatā¦
Iām also renting and setting up a studio space, which was a ton of work, but I think will be very worth it. I bought a real camera, and lenses, and I have no idea how to use themā¦
(Btw, if you ever feel frustrated with a sponsored bit or ads, I just want to mention that so far my profit from hundreds of hours of work on the YT channel and newsletter has beenā¦$0. Everything has been reinvested. š« )
Itās a lot. It has felt overwhelming at times. Iāve been trying to remind myself of this quote:
Opportunity is missed by most people because it is dressed in overalls and looks like work.
I believe that this effort will be worth it, but for now, Iām just taking each day as it comes and learning as I go. Because really, even if the channel completely flops, I have learned SO MUCH that I donāt know I ever would have learned without all this.
Wish me luck. š
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