I am torn between the answers I get on this subject. What some may think is a Business, is simply a Hustle!
Is it? Or is it not? HELP!
Business
Hustle
I grew to believe that a Business was a store front and/or website company with a physical location, employees, and some sort of service, or a tangible item . Maybe even both!
If the owner wished to sell the Business the new owners would receive all that went with the Business. Building, land, employees, service and/or items would be transferred to the new owners.
While on the other hand,
A Hustle is something that one single person can do without any LLC or employees, building, land, etc. Simply put, you can start a venture today, close it tomorrow, and not have to go through anything more than taking down your listings on whatever your selling on, or stop receiving work to do if you provide a service.
See,,,,I am part of a community of sellers. (Hustlers) Most say "I run my Business this way!" or "I like to do this with my Business!".
I thought of my Hustles as a Business as well, so I am guilty of this too. I am bothered by this because I think new people joining the Hustlers also have a sense that this is a Business when it simply is not!
If I were to walk away from my Business/Hustles at this very moment, I have nothing to sale off. I have items, but I cannot sell them to another person as a turn key Business Opportunity! I would simply be selling them stuff, and they do with it what they wish.
Same would go with Mining Bitcoins, or Lending Bitcoins, or Selling POD on Amazon Merch. These also are Hustles, are they not? Yet some may see their daily Hustles as a Business since they built up the Hustle from $200 to generating 1,000's to 10's of thousands of dollars every month.
Here is the conflicting part!
If this person buys my goods, and decides to do with them,,,what I was doing with them (Selling) then I guess that could be a Business transaction? Could it not?
Sorry for this post! I feel I am right, yet wrong in the same sentence on this topic.
What do my fellow Steemians consider a Business? And what do you guys consider a Hustle?
Sorry OCD is kicking in tonight! LOL
I would love to hear others thoughts on this topic. Thanks!