Monthly Archives: March 2015

Being Realistic is the Ticket to Success in Your Business

While dreaming ‘big’ is not a bad idea at all, we must remember who and where we are and what our limitations may be if any. It’s a simple matter of what is doable and what isn’t. So starting right out at the basics of our business plan – two critical resources are time and money.

It is all too easy to consider ‘funny money’ (credit) when you are determining how much you can squeeze out of your budget for your business each month. This however is a bad idea. Not just because you are paying interest on that money but because you have to pay the bill each month and then that is in addition to whatever it is that you charged. This adds up and all too often we can lose control – even with the best intentions of paying the full balance each month.

Do some simple math. Look at your income, versus your expenses to live. Whatever is left over would be what you have to work with. You will be very surprised though if your business is your first priority

Be Flexible In Your Home Business Start-Up Plan

A good analogy is the difference between water and earth. Water is able to flow over, under and through any solid matter. Earth on the other hand is solid and has various limitations about where it can go and what it can do. You want to be able to ‘go with the flow’ wherever it leads at any given time. There will be obstacles almost certainly but you do not want them to ever stop you. You need to learn how to go around them if you can’t resolve them.

You want to be able to move in whatever direction you find is conducive to business. If the niche or market you have chosen is not showing any promise then at the very least you should have the ability to add additional products or services so as to fit into another niche. This is one reason why the ‘multiple streams of income’ concept is so wise. In that case the premise (for one thing) is that if one stream is not moving or has even dried up, it won’t be as serious to your bottom line if you have others that

Work From Home – Drive Traffic Instead of Being Stuck in it

Seriously, this is not funny. Have you ever calculated how much time and money you spend commuting to and from your job? It is serious, stressful work for which you are not being paid, and in fact is costing you money.

When considering whether it would benefit you to work from home, start right there with how much you spend on gasoline, bridge tolls, parking, car maintenance, or public transportation. You will probably determine that right off the bat you would be saving several hundred dollars every month if you worked from home. If you have small children then you could add the cost of child care and the transportation related to that if applicable to get the best picture.

Then you can also include the fact that you have various tax benefits you can claim for the ‘business use of your home’. It is a percentage of square feet of your rent or mortgage, your utilities, your Internet connectivity, phone, etc. that can be deducted from your earnings. Be su