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Originally Posted by Sultana
The main reason to start a business is to make money, part of that is to reduce (legally, of *course*) the amount of taxes one pays.
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I believe the main reason to own/run your own business if you are the type of person that relishes that activity. You need to immensely enjoy the business that you are looking to get into (in your case belly dancing) and also enjoy the prospect of owning and operating the business itself. So you might not enjoy it so much if you dont enjoy teaching it. If you do it just to chase the dollar signs, chances are you'll fail. Do it because you love it. If you don't love it, you'll quickly become annoyed with the amount of time required just to make it work. Frustration will also mount from having to learn all the gritty stuff, like taxes, write-offs, and eventually, if you get big enough- employee payroll, insurance, fica... the list goes on.