Monthly Archives: March 2015

Starting a New Business – You Will or You Will Try

When you say you ‘will’ do something you are making a very positive, emphatic statement. You are determined and there is no possibility in your mind that anything but success will be the result. However when you say you ‘will try’, that is wishy-washy – it implies you may fail and that you are not convinced that you can accomplish whatever it is.

Since no one can know the future we don’t in fact absolutely know we will succeed without a doubt but it is important to our mindset that we do not entertain any doubt because it will weaken our resolve. It is very important to understand this distinction because when you are starting a new business everything is unknown – what to do, how to do it, which things work best, what doesn’t work, etc. So if ‘seeing is believing’ then what must walking in faith be? It is believing in the unseen.

This is obviously much more difficult and that is why we really need to have mental discipline in order to remain

Self-Employed – It’s Tax Time!

Naturally if you owe money it is not your favorite time of year and if you are owed money you can’t wait to file. You can file any time after January up until April 15. Actually if self-employed you are expected to file quarterly estimated taxes. What you may not realize is you can get around this by paying a small fine each year. Some people would rather have the money on hand for emergencies and don’t mind the fine. Probably best if you can pay quarterly as you always want to save money wherever you can.

You would need to file form 1040 with Schedule A to itemize deductions. You also need to include schedule SE for the special tax they have for self-employed people. Then there is Form 8829 for use of your home for business, with which you can deduct a percentage of expenses such as utilities, rent or mortgage, etc. This all goes with Schedule C, Profit and Loss from Business.

Always consult with the IRS website (irs.gov) to be sure what is required for th

Make Your Dream Home Business Come True

It is likely you have thought about starting your own business before – off-and-on, over the years. Maybe it is when you realize how sick you are of your routine; maybe when you want to buy something and then realize you are not making enough money; or maybe when your boss looks down his nose at you.

The only problem with fantasies is they are not real; not until you make them real by taking action. Fantasies are good up to a point because they may compel us to do something to make them happen in real life. It is a pretty individual thing how long it will take you to really have a realistic plan to start a business. By the time you actually ‘just do it’, it may have taken several turns and twists.

One really good rule of thumb is to find a business that has a market. Great to be innovative and unique, but what you want is a mass response. Being different is great, but unfortunately it is what is the status quo that generates business for the most part – w