Why set up a HOME BUSINESS?
self help books & resources guide
Why it is best to always have a HOME BUSINESS as well as whatever else you may be doing for a livelihood…..
Not only will you make more money and develop your skills to create more opportunities, you may also grow a small business or web site business that supports you and your family to work for yourselves.
Invest your extra income from your home business, and you can end up with a truly “passive income” that just keeps on working for you, while you get to play.
Some of the $$$ benefits and tax deductions include…..
To be eligible for business deductions, your business must be an activity under taken with the intent of making a profit. It’s presumed you meet this requirement if your business makes a profit in any two years of a five-year period.
Once you are this far along, you can deduct business expenses such as supplies, subscriptions to professional journals, and an allowance for the business use of your car or truck. You can also claim deductions for home related business expenses such as utilities, and in some cases, even a new paint job for your home.
The IRS is going to treat the part of your home you use for business as though it were a separate piece of property. This means that you’ll have to keep good records and take care not to mix business and personal matters.
No specific method of record keeping is required, but your records must clearly justify any deductions you claim.
You can begin by calculating what percentage of the house is used for business, either by number of rooms or by area in square footage. Thus, if you use one of five rooms for your business, the business portion is 20 percent.
If you run you r business out of a room that’s 10 by 12 feet, and the total area of your home is 1,200 square feet, the business-space factor is 10 percent.
An extra computation is required if your business is a home day care center. This is one of the exempted activities in which the exclusive use rule doesn’t apply. Check with your tax preparer and the IRS for an exact determination.
If you’re a renter, you can deduct the part of your rent which is attributable to the business share of your house or apartment. Homeowners can take a deduction based on the depreciation of the business portion of their house.
P121 Self help home business article continued:
P62 Be an Entrepreneur, home business self help article by Michelle Casto
P118 Find the Time for a Home based Business
“To Sell Or Not To Sell”
Since its inception, eBay seemed to be god send entity to many especially those who want to find a lucrative way of earning a living. A lot of people contend that it is only with eBay that they were able to supplement their finances and extra necessities.
“eBay Business Solutions”
If starting an eBay business is your goal, as opposed to just auctioning a few items off for some extra cash, you need to use the eBay business solutions that are available to you. Because eBay’s success depends on the success of its sellers, they strive to help you at every turn.
P71 Ten Keys to Working Effectively in a Home business Office by Meir Liraz
QUICK CLUTTER CONTROL – How to Get Organized For a Tidier Home Office
“Organize Your Home and Profit!”
“Running Office from the Home”
“Work With a Clear Mind, On A Well Organized Desk”
“Tips on Organizing Your Work”
“Workplace Dilemma 101 – How to Get Organized”
“How to Organize a Home Office with Streamlined Style”
“How to organize Your Desk: Pull it together!”
“Tips to Organize your Office”
“Some tips in organizing your office”
More self help home business ideas continued:
Ten Keys to Working Effectively in a Home Business Office
There are many successful home business models ranging from total chaos to very structured. So there is no single recipe that must be followed to be successful. Many home businesses are started by refugees from corporate America who are used to the structure and socialization aspects of the corporation. For these owners, the following secrets will help provide the structure they may need when they first start.
1. Negotiate an agreement with the other inhabitants and live up to that agreement. Frequently there is a re-entry problem with the other inhabitants. Your spouse may be used to being alone during the day, and may be unhappy with your increased presence. Have a kick-off meeting to negotiate an agreement that will avoid conflict.
2. Set aside a separate area for the business. If possible, dedicate a room or part of the basement to the business. This helps everyone feel that the home is still a home. It also provides a basis for a home office income tax deduction.
3. Schedule separate blocks of work time and free time. There can be many distractions during the day. It is helpful if you have a schedule for the day so you can minimize interruptions and distractions.
4. Start every work day at the scheduled time. Form a habit of starting on time and keeping to the schedule. This makes it easier to minimize distractions.
5. Don’t sleep late or watch daytime TV during work time. It’s tempting sometimes, but successful businesses are built on the days that you don’t feel like it, not on the days that you do feel like it.
6. Wear your work uniform when you are working. When I started my consulting practice, I found it helpful to dress business casual (for men this is wearing a tie without a food stain). It made me feel more like I was supposed to be working.
7. Work on high value tasks during your peak productive hours. Most people have specific part of the day that they are more productive. I find my optimum schedule is to start about one hour after sunrise, work continuously for four hours, then go out. I can work another two hours after I return. That six hour work schedule has consistently produced more work product than I used to produce in two days in the corporate environment.
8. Accomplish your Single Daily Action before you finish the workday. Have a Single Daily Action every day which is the most important action for that day. When you are starting your practice, this is likely to be marketing-related.
9. Build a supportive community and nurture it every day. I think the chief complaint about home business is that it can get lonely and isolated. Make it a practice to talk to people every day, even when your focus is on completing an important project.
10. Manage your thoughts. Sometimes it is easy to become discouraged and/or negative. Create a method of maintaining a realistic positive outlook and re-energizing yourself when the voice of your Evil Twin intrudes.
“How to Choose and Keep Customers”
“Keys To Small Business Success”
“Ten Keys to Working Effectively in a Home Office”
“Ten Marketing Mistakes Small Businesses Make”
“Ten Areas of Leverage That Every Small Business Has”
“Ten Employer-Employee Rules for Successfully Running A Small Business”
“Essentials Of Successful Print Ads”
“45 Ideas to Promote Your Business”
“Tips to Enhance Your Decision Making Batting Average”
“How to Improve Your Delegation Skills”
“How to Be More Effective and Organized”
“How to Improve Your Goal Setting Skills”
“How To Improve Your Supervising and Leadership Skills”
“How To Improve Your Planning Skills”
“How To Improve Your Self Management Skills”
“Ten Things to Say or Do When a Prospective Customer Says No”
“Nine Ways to get free PR/media coverage for yourself or your business”
“Ten Warnings of a Business Turnaround Situation”
“Ten Strategies To Increase Your Sales”
“Ten Strategies To Building a Solid Business Partnership or Alliance”
“Tips for getting FREE Publicity for your business”
“Five Things That You Must Do In Your Press Release”
Do you have a contribution to make to this site?
Here is your chance to submit your article or review!
Read the latest contributions here:
Click below to see contributions from other visitors to this page...
Start A Home Business – Top Ways To Earn From Home Not rated yet
Home based business are on the rise. The internet makes it easy for people aspiring to transition from a traditional 9-5 or make some extra money from …
Knowing the ‘Why’ Before You Venture into a New Business Not rated yet
When a person is able to formulate a brilliant moneymaking idea, more often than not, he would immediately begin to find ways to make it happen. But while …
Three Ways for Stay-at-Home Moms to Earn Thousands of Dollars a Month Not rated yet
Rearing children is not an easy thing to do because it requires full time supervision. If you care for your children and you have great concern about how …
Going Solo in a SOHO Not rated yet
You get up early, day in and day out. Your boss always has the final say and you have a corporate ladder to climb. You know exactly where you’ll be on …
Home Business Marketing MLM Training | Working a Room Not rated yet
When you attend a function like a networking business meeting, it can be hard to know how to get started with your networking at the event. Yes, it starts …
How Mothers Can Still Be Businesswomen as Well Working from Home Not rated yet
The 'glass ceiling' is something that many career women hit in the corporate world sooner or later. Once reason is the assumption that a woman will only …
Australians Make Money in Real Estate By Avoiding the Most Common Mistakes Not rated yet
There are plenty of money-making opportunities if you know how to tap into the right resources. How to make money real estate investing is an acquired …
Tips to Make Money Real Estate Investing in Australia Not rated yet
It sounds so simple to make money real estate investing. Real estate is perceived as a reliable and viable sector to get involved with even in light of …
Ideas For Home Based Business | How To Find Lost Money Cash Recovery Business Not rated yet
Working at home has its perks: you're your own boss, there are no annoying officemates to pester you during an important project, and, most of all, there …
Home Business Marketing MLM Ideas | Start A Home Business In Health Supplements Not rated yet
Brilliant! You have decided to start your own Home Business Marketing MLM in health supplements. Now that you have decided on your product and where …
Self Help Entrepreneur Tips: Buying a Business Not rated yet
Buying a business is a big step in your life. Owning your own business may be one of the most rewarding experiences when things are going well, and one …
Click here to buy website business…
simple & fast to build
Back to Top of self help books and business resource articles page
Back to HOME PAGE for Home Business Resources Self Help Books & Articles
==================================================
SITE DISCLAIMER: The self help resources on this site are not intended to be a substitute for therapy or professional advice. While all attempts have been made to verify information provided in this self help publication, neither the author nor the publisher assumes any responsibility for errors, omissions or contrary interpretation of the self help subject matter herein. There is no guarantee of validity of accuracy. Any perceived slight of specific people or organizations is unintentional. This self help website and its creators are not responsible for the content of any sites linked to.
The self help contents are solely the opinion of the author and should not be considered as a form of therapy, advice, direction and/or diagnosis or treatment of any kind: medical, spiritual, mental or other. If expert advice or counseling is needed, services of a competent professional should be sought. The author and the Publisher assume no responsibility or liability and specifically disclaim any warranty, express or implied for any products or services mentioned, or any self help techniques or practices described. The purchaser or reader of this publication assumes responsibility for the use of these self help materials and information. Neither the author nor the Publisher assumes any responsibility or liability whatsoever on the behalf of any purchaser or reader of these self help materials.
=================================================