I am self employed. My real income is insurance. Not property insurance but agree with the need for insurance. Be careful in buying the insurance by being fully accurate you will doing work for hire. Know your state laws. LLC in my state will not protect per my attorney friend says as some here post. Back to difference in states' laws.
We have small family farm I have farmed for over twenty years with biggest reason being to take care of the family farm and improve it. Have done so. But cost of running equipment can be easy to miss. In the farming have raised hay last three years and have been faithful to attending every class offered on hay and related to it I can find. The one I like the best is where they take real life numbers for what many sell round bales here for and the weight they say they are and show them they are losing money. They are talking about farmers who's only income is farming. Last week we were asked who or what is paying for the tractor for your hay crop is not if you are selling at this price again which many were and are. What I am trying to say is when the person who has been doing something even for years is losing money at it, proves the need to be real careful you are including all the true cost. Now that being said, our group of then four friends who worked together we made money. We found what market would pay for hay at price to be profitable and that is what we worked to produced. They way they wanted it in size, quality and delivery. It was more work but profitable.
Follow your heart, you will always do better in something you love. But be honest in the cost of each aspect. Be honest in the potential market. Talk with a few people you think might could use your services. Find out if they would really use it and what they think would be reasonable to pay. Think on your ability and experience if they are sufficient to do it. If not then get the training you need. Talk to some who do what you want to. Often they can be your best friend. Ask them about a niche you could fill they don't. No business does all aspects. Again my income is insurance but not all types so I have friends who sell those lines and we refer to each other.
When you decide you have found the business model for you, put your heart into it and be faithful to it. You will do good if you do it well.
