Having a debate with my wife about how much to invest in setting up infrastructure for a new biz. By that I mean, setting up a business bank account, printing checks, llc'ing, getting a business credit card, etc. So far, I have registered myself as a sole proprietor with the state and I also have a tax id number. That's pretty much all I've done. I also keep all my receipts and my wife has set up a temporary personal checking account and a personal credit card to only use for the business to make it easier to track expenses and new business income.
My belief is that, until you are actually making money, it's not all that important to do any more than that. My feeling is, in the beginning, the two most valuable resources are my time and money. If I can avoid using my time setting up things for my business that make zero money and use that time instead on growing and nurturing the business, then that is the better course of action.
Am I crazy to think this?
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