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Reply to "I told my friend about the business I’m starting and she crapped all over it"
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[quote=Anonymous][quote=Anonymous]Op here. I already explained in my OP that even calling it a “business” is an overstatement. It’s a project/side hustle that might make money, or not. No one is quitting their job and it’s costing us less than $5000 total (spread out over months and split between my family and my brother’s). The risk is very low. We make no assumptions about what might happen. I hope it turns into something, of course, but it’s too early to say. It’s in the tech/AI/cybersecurity space which is the industry that we all work in (except for my friend).[/quote] IRS says it's a hobby until your revenue exceeds your expenses. Tell your friend it's a hobby. [/quote]
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