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Today’s episode will dive into the differences between being a W2 employee and being an entrepreneur working for yourself. Many people desire to be an entrepreneur, whether it’s a side hustle or to replace their full-time job but hesitate because of the uncertainty around how to manage the financial aspects of running a business.
This is not something that’s commonly taught which is why most people are so fuzzy around the topic. The biggest question that arises when it comes to the financial side of running a business vs. being a W2 employee, is how to deal with paying taxes, handling tax returns, your earnings, and managing your money overall. We are going to touch on all these topics today plus add in a little bonus topic at the end.
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Disclaimer: This content is for educational and informational purposes only. Please consult with an accounting professional for direct advice based on your specific business situation.