There's an invisible economy cooking. Almost half of Americans earned side hustle money this past year, and most of them are still trading time for dollars.
In this episode, Mikey Taylor and Michael Michalov break down the ladder from side hustle to business and the three levels of making money, and why people never get past level one. You'll learn when the IRS technically considers you a business (it's a lower number than you may think), how to set up your entity without overcomplicating it, when to consider your first hire, and how to potentially build a company that pays you even when you step away.
They also get into the AI question everyone's asking: do you even need employees anymore and what's the single best money opportunity on the table right now?
What we cover:
The real numbers behind the side hustle boom (27%–47% of Americans)
Hustle vs. Business vs. Asset — and how to graduate between them
The $400 threshold that makes you a business in the eyes of the IRS
Sole prop vs. LLC vs. S-Corp — and what it actually costs per year
The 70% rule for your first hire and the 60% rule for building systems
Why an AI integrator might be the best business to start today
Podden och tillhörande omslagsbild på den här sidan tillhör
Mikey Taylor. Innehållet i podden är skapat av Mikey Taylor och inte av,
eller tillsammans med, Poddtoppen.
