This might help you to weigh up whether you should turn it into a business. Turning your art into a business could allow you control over your art, as opposed to lending your artistic skills to an employer. At the same time, you need to be sure that this ‘work’ doesn’t cause you to lose your passion. You are also required to disclose your business activities in yourcompany accounts. Usually, the disclosure is in the format of a description rather than using the SIC codes.
Having an understanding of what these people do, how they operate and how much they charge can be useful before entering this industry – it can prevent you from being taken advantage of. Alternatively, you may prefer the idea of quitting your day job and turning it into a full time business opportunity. Often it is best to keep it as a side hustle to … Read More