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  2. How to Turn Your Hobby Into a Profitable Small Business - AOL

    www.aol.com/turn-hobby-profitable-small-business...

    Image source: Getty Images. So, you have a hobby, a passion that you love, and maybe you are thinking, "I would love to turn this into a side hustle, or even better, my own, real small business ...

  3. 4 Steps To Turn Your Hobby Into a Business, According ... - AOL

    www.aol.com/finance/4-steps-turn-hobby-business...

    The definition of success, according to Michael Dermer, is when you can marry your passion with the ability to make a living at it. Dermer is a former mergers and acquisitions lawyer in New York...

  4. Tax Tips: Is it a hobby or a business? - AOL

    www.aol.com/news/2008-04-09-tax-tips-is-it-a...

    You've started a little enterprise in your garage or spare bedroom. And now it's tax time and you're ready to reduce your taxes by taking a whole bunch of deductions for this "business." Stop ...

  5. Internal Revenue Code section 183 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    For a business (activity engaged in for profit), income and expenses are listed on Schedule C (and the net income result carries to line 12 of the Form 1040). All expenses are used, even if they create a net loss. For a hobby (an activity not engaged in for profit), income and expenses are listed separately.

  6. Real business-cycle theory - Wikipedia

    en.wikipedia.org/wiki/Real_business-cycle_theory

    Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real, in contrast to nominal, shocks. [1] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment.

  7. Business model - Wikipedia

    en.wikipedia.org/wiki/Business_model

    The following examples provide an overview for various business model types that have been in discussion since the invention of term business model: Bricks and clicks business model Business model by which a company integrates both offline and online presences. One example of the bricks-and-clicks model is when a chain of stores allows the user ...

  8. Navigating the fine line between business and hobby - AOL

    www.aol.com/lifestyle/navigating-fine-line...

    Science & Tech. Shopping. Sports

  9. Razor and blades model - Wikipedia

    en.wikipedia.org/wiki/Razor_and_blades_model

    The razor and blades business model [1] is a business model in which one item is sold at a low price (or given away) in order to increase sales of a complementary good, such as consumable supplies. It is different from loss leader marketing and product sample marketing , which do not depend on complementary products or services.