I read these reports from Patrick with interest, but feel like he inhabits a different universe than I do.
Pinboard made $256K last year, so I operate in at least the same financial ballpark. But I do my taxes on TurboTax and have never spoken to an accountant or lawyer. My business is a sole proprietorship.
From my perspective, Patrick overcomplicates everything he undertakes with business processes and overhead. From his perspective, I'm probably a irresponsible slacker.
The upshot is that there are as many ways to run an online business as there are people, and how you do it depends as much on your personality as on objective factors. Big props to him for writing about his experience so openly, and in a way that so many people clearly find helpful.
Pinboard made $256K last year, so I operate in at least the same financial ballpark. But I do my taxes on TurboTax and have never spoken to an accountant or lawyer. My business is a sole proprietorship.
From my perspective, Patrick overcomplicates everything he undertakes with business processes and overhead. From his perspective, I'm probably a irresponsible slacker.
The upshot is that there are as many ways to run an online business as there are people, and how you do it depends as much on your personality as on objective factors. Big props to him for writing about his experience so openly, and in a way that so many people clearly find helpful.