You will. With that work ethic you will get to this level and many more. I work with plenty of entrepreneurs and the often refrain I hear is "I never thought this thing I started would get so big."
The reality is no one I have ever worked with has ever said "I became an entrepreneur so I could learn about tax laws and accounting." Just dropping a seed to grow over time.
Make sure to get a good tax structure. My rule of thumb on LLC/S-Corp Election is:
Net Income of:
<50K - probably not worth the compliance cost
'>50K - <100K - about break even with compliance cost
'>100K - 100% worth the effort and if your accountant tells you differently they should be fired
I hope to make enough money to learn what all that means.
You will. With that work ethic you will get to this level and many more. I work with plenty of entrepreneurs and the often refrain I hear is "I never thought this thing I started would get so big."
The reality is no one I have ever worked with has ever said "I became an entrepreneur so I could learn about tax laws and accounting." Just dropping a seed to grow over time.
spez: my post was about self-employment tax