--- title: Risks to consider when a side project becomes your business [video] description: Business structure and governance issues need to considered when starting a business - even if it begins as a side project - to ensure value is not eroded later. image: https://blog.jpabusiness.com.au/hubfs/1.%20Images/1.%20Stock%20Images/blurred-background-business-cafe-1125028.jpg --- 28 January 2020 # Risks to consider when a side project becomes your business [video] WRITTEN BYJames Price | JPAbusiness ![Man wearing red t-shirt, smiling at camera while using a laptop in a cafe](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/1.%20Stock%20Images/blurred-background-business-cafe-1125028.jpg?width=1000&name=blurred-background-business-cafe-1125028.jpg) In our experience dealing with clients over the years, we've found many businesses start as side projects. In this video, **James tells the story of a client whose 'side project' became a multi-million dollar transport business**. He also points out some **risks** to watch out for regarding **business governance, structure and process issues** when a business starts this way, and how to ensure they don't **negatively impact the business' ****value down the track, **when it comes time to exit.   If you would like advice about choosing the most effective structure for your business, [contact the team](https://landing.jpabusiness.com.au/contactus) at JPAbusiness on **02 6360 0360 (Orange)** or **02 9893 1803 (Parramatta)** for a confidential, initial discussion.   [![New Call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/2108706/f7854a8f-5b4e-457c-b6d4-8679d4143c70.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/2108706/f7854a8f-5b4e-457c-b6d4-8679d4143c70) ![James Price 2018 small](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/2.%20Logos,%20staff%20photos,%20email%20signatures%20and%20blog%20bios/Photos%20of%20James%20and%20office/James%20Price%202018%20small.jpg?width=100&name=James%20Price%202018%20small.jpg)James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.   Share this Article Share this blog post on Twitter [mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/risks-to-consider-when-a-side-project-becomes-your-business-video](mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/risks-to-consider-when-a-side-project-becomes-your-business-video) Copied to clipboard Topics - [business value ](https://blog.jpabusiness.com.au/blog/topic/business-value) - [family business ](https://blog.jpabusiness.com.au/blog/topic/family-business) - [business structures ](https://blog.jpabusiness.com.au/blog/topic/business-structures) - [video ](https://blog.jpabusiness.com.au/blog/topic/video) - [starting a business ](https://blog.jpabusiness.com.au/blog/topic/starting-a-business) - [governance ](https://blog.jpabusiness.com.au/blog/topic/governance) - [business value drivers ](https://blog.jpabusiness.com.au/blog/topic/business-value-drivers) #### Related Blog Posts ### [10 ways to drive strategic value in your business [checklist]](https://blog.jpabusiness.com.au/blog/10-ways-to-drive-strategic-value-in-your-business-checklist) The [Read more ](https://blog.jpabusiness.com.au/blog/10-ways-to-drive-strategic-value-in-your-business-checklist) ### [How to prepare your business for sale (without leaving 20–30% on the table)](https://blog.jpabusiness.com.au/blog/how-to-prepare-your-business-for-sale-without-leaving-20-30-on-the-table) I recently shared a [Read more ](https://blog.jpabusiness.com.au/blog/how-to-prepare-your-business-for-sale-without-leaving-20-30-on-the-table) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "James Price | JPAbusiness", "url" : "https://blog.jpabusiness.com.au/blog/author/james-price-jpabusiness" }, "dateModified" : "2022-01-02T02:54:08.315Z", "datePublished" : "2020-01-28T15:00:00.000Z", "headline" : "Risks to consider when a side project becomes your business [video]", "image" : [ "https://blog.jpabusiness.com.au/hubfs/1.%20Images/1.%20Stock%20Images/blurred-background-business-cafe-1125028.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.jpabusiness.com.au/blog/risks-to-consider-when-a-side-project-becomes-your-business-video", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.jpabusiness.com.au/hubfs/JPAbusiness-logo.svg" }, "name" : "JPAbusiness Pty Ltd" } } ```