Hi all -
I have been thinking of starting a small hobby business where I would give one on one budgeting help to local families. I just did a free 30 day money saving tips email program for around 25 people and everyone seemed to benefit from it. I would love to turn this into a side business if I could. I work in Corporate Finance and have an MBA in Finance. I know that doesn't make me fully qualified, but I have a strong financial background and I am passionate about personal finance.
Here are my questions:
1. Do I have any potential liability with this since I am not licensed?
2. Should I have the people sign a waiver? Can I just put something along the lines of "I do not provide tax, legal or investing advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or investing advice. You should consult your own tax, legal and investment advisors before engaging in any transaction."
3. How much should I charge? I was thinking a$100 for 2 hours of one on one help. This would also include a proprietary template and any necessary follow up.
Has anyone else done this?
Thank you in advance to any help you can provide.
Liz