In this podcast episode, Michele Hansen (Geocodio) gives us an update on Section 174 and provides her take on "bootstrapping with kids." Michele explains you can be a part of the Small Software Business Alliance, and fight Section 174. If you're in the USA, please contact Congress! In the second half of the episode, Justin and Michele talk about the challenges of balancing starting a business while you have young kids. For more on this topic, check out the last episode with Aaron Francis. For more context on Section 174, check out our previous episode with Michele. (00:12) - Welcome (01:50) - Quick refresher on section 174 (05:48) - Updates since last episode (09:15) - You can still help raise awareness (14:09) - What's happening next? (17:41) - How does this work on the accounting side? (20:30) - Anything else people can do? (22:47) - What advice do you give to people with families wanting to start a business? (27:48) - Did you try a few things on the side? (30:08) - Definition of success at the start (32:23) - Developing a business while raising a baby (36:17) - Survivorship bias in stories from new parents (38:56) - What should you consider when starting a business? (46:43) - Avoid magical thinking (52:47) - Some things are hard to think about until you experience them Thanks to our monthly supporters Pascal from sharpen.page Rewardful.com Greg Park Mitchell Davis from RecruitKit.com.au Marcel Fahle, wearebold.af Ethan Gunderson Anton Zorin from ProdCamp.com Bill Condo (@mavrck) Ward from MemberSpace.com Russell Brown from Photivo.com Evandro Sasse Austin Loveless Michael Sitver Fathom Analytics Dan Buda Colin Gray Dave Giunta 🎙️ Podcast hosting is provided by Transistor.fm.📺 Learn how to start your own podcast! ★ Support this podcast on Patreon ★