Business Analyst Offers Steps for Starting a Company

CBS News business analyst Jill Schlesinger outlined steps for people considering starting their own business during a segment on CBS Mornings. Schlesinger said individuals can reduce risk by developing a side project while retaining a job, income, and benefits.

She noted that she herself is a longtime business owner. "If you're ready to take the next step and unleash your inner entrepreneur, it's important to consider what you may be giving up," Schlesinger said.

Gov marketplace, or joining an association health plan. Schlesinger also said self-employed people must file their own tax returns and pay estimated taxes quarterly, according to IRS guidance.

Schlesinger advised against using AI chatbots for business planning. "Don't go to Claude or ChatGPT," she said.