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Running a Side Business: How to Create a Second Income [Paperback]

Richard Stim Attorney (Author), Lisa Guerin J.D. (Author)
4.4 out of 5 stars  See all reviews (29 customer reviews) |
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Book Description

Publication Date: October 20, 2009
The ideal startup book for the multijobbing person! From crafting to home repair work to website design, many individuals have transitioned, or wish to transition, from hobby to business, thereby turning their passion into income. And the latest economic forecasts are leading more people than ever to create a second business as they discover that one source of income just isn’t enough. But how to start it, manage it, make a profit? Running a Side Business will show the multibusiness entrepreneur how. Packed with practical advice, tips, legal resources, startup success stories, and the popular and relevant USA TODAY snapshots and graphs, Running a Side Business guides readers through the entire business lifecycle, addressing and answering all of the important questions along the way.

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Editorial Reviews

Review

"One of the only books written specifically for the part-time entrepreneur, this title from a legal professional is full of practical advice. Detailed information about the differences between a side business and a hobby, especially in the eyes of the IRS, clarifies issues for the interested novice." (Library Journal )

About the Author

Guerin, an editor/author specializing in employment law, is author or co-author of several Nolo books, including The Manager's Legal Handbook, Dealing with Problem Employees, Nolo's Essential Guide to Federal Employment Laws, Workplace Investigations, Create Your Own Employee Handbook, and Nolo's Guide to California Law. Guerin has practiced employment law in government, public interest, and private practice where she represented clients at all levels of state and federal courts and in agency proceedings. She is a graduate of Boalt Hall School of Law at the University of California at Berkeley.

Richard Stim specializes in small business, copyright, patents, and trademark issues at Nolo. He practices law in San Francisco and has represented photographers, software developers, crafts people, publishers, musicians, and toy designers. He is the author of many books, including Music Law, and Profit From Your Idea. Stim also produces audiobooks, and performs and records with two bands.

Product Details

  • Paperback: 271 pages
  • Publisher: Nolo; 1 edition (October 20, 2009)
  • Language: English
  • ISBN-10: 1413310672
  • ISBN-13: 978-1413310672
  • Product Dimensions: 9 x 6.1 x 0.6 inches
  • Shipping Weight: 14.4 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (29 customer reviews)
  • Amazon Best Sellers Rank: #711,112 in Books (See Top 100 in Books)

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More About the Author

› Visit Amazon's Richard Stim Page
Richard Stim
I can't believe I wrote all those books.
If you've got questions regarding book content, check out my blog http://www.dearrichblog.com.

Customer Reviews

Most Helpful Customer Reviews
5 of 5 people found the following review helpful
Decent Starter Book December 14, 2009
Format:Paperback|Amazon Vine™ Review (What's this?)
This book provides a broad overview of things to consider when starting your own business. The title refers to beginning a "side" business, presuming that you still have another primary source of income which is perhaps why it does not seem very detailed. Since I have a business background, much of this book seemed very simplistic to me, but for the person lacking a business background who wants to start his or her own business, it does provide a good set of things that a person would need to know before getting started.

That said, if you are really serious then you will need more than this book. You may need to consult professionals in the financial or legal realm, and also do more research because what you find in this book is pretty much just the basic groundwork stuff without a whole lot of details. For example, in the section on accounting, there is a very brief explanation of a balance sheet and income statement, not enough to really provide enough information to a person who is not familiar with these concepts. If you are talking about doing a side business that remains pretty small then maybe that is okay but if you are planning on starting something that may eventually become your primary source of income, then you are going to have to get more in-depth information in pretty much all of the areas covered by this book.

For someone thinking about starting that side business, this book would be helpful. I have read other Nolo publications and in my opinion this seems to be one of the weaker ones. Most of the others have been excellent and I can't say that about this book. It's good, but like I said, very basic.
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3 of 3 people found the following review helpful
By d bucci
Format:Paperback|Amazon Vine™ Review (What's this?)
This is a great overview of all the things you need to consider when starting a home base business.
The book covers choosing the right business, common side businesses and avoiding side business scams.
Marketing and advertising. Doing business online, driving traffic to your site and using a site like PayPal to get paid online.
Managing your money, including record keeping and bookkeeping, getting loans, collecting accounts, taxes and deductions.
Protecting your personal assets including limiting liability, insurance and risk reduction.
Drafting contracts, protecting business ideas and ways to save on legal fees.
Licenses, permits, registering a business name and trademarks.
Tips on working from home, hiring employees and independent contractors.
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1 of 1 people found the following review helpful
Format:Paperback
If you're toying with the idea to pad your income with a side job, this book is a decent start. It gives you some suggestions about what to do, links to further resources (often other Nolo books), and some good tips on topics as diverse as marketing or how to deal with various types of business people, including lawyers. I went through the book easily and found it well- written and understandable.

However, it is when I tried to get some hard info out of it that I ran into trouble. For example, the one website that was recommended for doing little IT jobs on the side turned out to be a depressing place where people desperately bid for jobs for extremely little money ("$12 if you configure my email software"). Also, the tax chapter didn't seem to really belong: I had to read it multiple times and still couldn't figure out whether I'd have to pay self- employment tax as a day trader or be subject to schedule C, etc...

In summary, it's a decent book to develop some ideas and learn some basic terms. Anything more factual, Google has been more educational for me so far.
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Most Recent Customer Reviews
A good guide to running a side business...
RUNNING A SIDE BUSINESS: HOW TO CREATE A SECOND INCOME is a good starter guide for those looking to generate more income by starting a side business. Read more
Published 1 month ago by J. Nusz
A good starting point
In these tough economic times, people are looking to make a little extra money without quitting their day jobs (if they have one). Read more
Published 13 months ago by Nancy C. Beck
Good Ideas about Starting Any Business
I know this book says it's about starting a side business, but it really gives great overall information about starting any business. Read more
Published 22 months ago by R. Phillips
No get rich quick schemes, just thoughtful advice.
This book provides a good basic overview of most of the issues likely to confront people thinking of running a side business. Read more
Published on May 19, 2010 by Bart Motes
Excellent resource on all the basics
This title is a great resource for anyone looking to improve upon a side business or for those looking to start a side business. Read more
Published on February 15, 2010 by midnight821
A wonderful backup for creating a second income
Aside from an attractive glossy cover, and being extremely critical for today's economy, Running a Side Business is excellent tool for anybody yearning for a second income. Read more
Published on January 17, 2010 by (Rizzo) Rizzuto
Excellent reference, little inspiration
I have wanted to start my own business for a long time. More importantly, I've been taking concrete steps toward establishing such a business for some time. Read more
Published on January 14, 2010 by Jim Curry
Well-rounded introductory information
This book is great for me as someone who has dabbled with the idea of starting up a small business. If you don't quite know where to start in learning what you need to know, this... Read more
Published on January 11, 2010 by nowann
Guidebook to creating a 2nd income
This book is a great guide to creating a 2nd income. It gives you several examples of side businesses that you could start like daycare, lawn care, ebay, selling products through... Read more
Published on January 9, 2010 by Steve Burns
Avoid The Pitfalls of a Side business
As someone who writes and has just started teaching middle eastern dance on the side, this book could not have come at a better time for me. Read more
Published on January 6, 2010 by celtic melody
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