Hi Beth. I agree with Dave. If you’re not looking at making a profit at this stage, and only to cover your costs, you are carrying on a hobby and not a business. Just be mindful if it starts to grow, it may become a business.
The ATO have a checklist to indicate if you are carrying on a business:
– You’ve made a decision to start a business a…[Read more]
Thanks for your reply Chris. From her wording, isn’t she indicating that her margin, as the distributor, is 18%? I read it that 18% is possibly the lowest she’s willing to go?
I should also mention that I have done my own calcs which show I am within these percentages so I think I must be doing something wrong or misunderstanding what she’s saying.
Hi guys. I have a side hustle where I make and sell muesli and other food items. I have been approached by a distributor to sell my products in WA. I haven’t dealt with a distributor from this point of view before. The distributor has sent me this in an email and I’m not clear on what it means…
“ Just going through the pricing ….. is there…[Read more]