Congratulations on an amazing year! I would love to hear your thoughts about how sustainable your business will be in the years to come. Do you plan to continue your business for many years, are you considering changing paths, etc? I run my business @littlewomancreations part-time because I cannot afford my living expenses solely on crochet between student loans, mortgage, car loans, etc. One thing I have seen in the last four years since starting my side hustle is the MASSIVE boom in crochet and new crochet sellers. Do you think this will die down in the coming years? If crochet stops trending I'm not sure if I should keep my business open. On another note, are you an LLC? How do you file your taxes without knowing how much you have spent on expenses? I would be interested to hear about your total expenses because it can definitely blind people to how much they actually make with a crochet business only hearing gross sales.
Love this and congratulations!🎉 At the very least what I do because I'm always rushing around (I don't crochet...although I'd like to learn just to sit down and do something relaxing)...I have a huge mailing envelope taped to the side of my white filing cabinet in my office...I throw all receipts (at least I try) in there and go through them all at the end of the year 😊
So glad you enjoyed! For taxes I just refer everything to my accountant and have him take care of it so I’m not really the person to answer questions but I do hope to do a video on starting out a crochet business and how to get started with it all 🥰
Wow that is great. Hopefully it increases each year. Also did you take out your federal income tax. When you are in business for yourself you pay more taxes because when you’re employed by a business they pay social security tax on you. When employed for yourself you have to pay that portion. RUclips does not take out any payments for tax. You have to pay it all when filling. Also if RUclips is your main job you have no benefits such as paid healthcare. You have to pay for it 100%.
Congratulations! This is very inspiring. Thank you!
Congratulations on an amazing year! I would love to hear your thoughts about how sustainable your business will be in the years to come. Do you plan to continue your business for many years, are you considering changing paths, etc? I run my business @littlewomancreations part-time because I cannot afford my living expenses solely on crochet between student loans, mortgage, car loans, etc. One thing I have seen in the last four years since starting my side hustle is the MASSIVE boom in crochet and new crochet sellers. Do you think this will die down in the coming years? If crochet stops trending I'm not sure if I should keep my business open.
On another note, are you an LLC? How do you file your taxes without knowing how much you have spent on expenses? I would be interested to hear about your total expenses because it can definitely blind people to how much they actually make with a crochet business only hearing gross sales.
I love that you are transparent about this! Great job on how much you made and hope you make more this year!
Love this and congratulations!🎉 At the very least what I do because I'm always rushing around (I don't crochet...although I'd like to learn just to sit down and do something relaxing)...I have a huge mailing envelope taped to the side of my white filing cabinet in my office...I throw all receipts (at least I try) in there and go through them all at the end of the year 😊
Thank you so much!! And that’s a great idea, I need to start doing something like that 😊
That's a great yarn goal for the year!!!!
What a great year! Congrats!
Love this video! thanks so much for all the info! could you eventually do a video about how you file your business taxes?
So glad you enjoyed! For taxes I just refer everything to my accountant and have him take care of it so I’m not really the person to answer questions but I do hope to do a video on starting out a crochet business and how to get started with it all 🥰
Great job on all your success in 2023 with your crochet business.
Keep up the great work in 2024.
WOOOOOOOOOH CHEERS TO ALL YOUR SUCCESS LOVE 🥂🎉🥳
Hi Katie, you certainly have a business brain. Bless you. You did very well I thought!. Keep up the good work!. 👍 mandy uk 🇬🇧 xxx😊
Thank you so much. I had three successful markets last your, because of you!
Great job with all the detail
Thank you so much for this video! You truly are an inspiration and I have done 3 markets so far and your market videos helped me a lot!👍😊 Take care!
I loved this whole video!! Definitely inspirational! You go girl!! 💛💛
Wow that is great. Hopefully it increases each year. Also did you take out your federal income tax. When you are in business for yourself you pay more taxes because when you’re employed by a business they pay social security tax on you. When employed for yourself you have to pay that portion. RUclips does not take out any payments for tax. You have to pay it all when filling. Also if RUclips is your main job you have no benefits such as paid healthcare. You have to pay for it 100%.
I love your videos!
Selling crochet is just not worth it. Takes way too much time to make either pattern or product. I can't believe how everything is so cheap :D
💕💓💕
Create a 2024 tax file in your email. When you order online you can move the invoice to your tax file.